Overview of Key Overnight Developments on August 23

21:00 (UTC+8) - 7:00 (UTC+8) Keywords: rate cut, Trump, US Treasury yields 1. Barclays: The Federal Reserve is expected to start cutting rates from September; 2. The yield on the two-year US Treasury fell by more than 9 basis points on the day of Powell's speech; 3. Michael Saylor: MSTR has outperformed each of the seven major tech stocks; 4. Trump: The US holds a 10% stake in Intel, currently valued at approximately $11 billion; 5. ETH reached an all-time high, rising more than 15% in 24 hours; 6. Trump: The tariff strategy is reducing the US deficit by $4 trillion; 7. Fitch affirms the US rating at "AA+" with a stable outlook.