Overview of Important Overnight Developments on August 24
21:00-7:00 Keywords: Rate cut, GBTC, Dollar Index, io.net
1. OpenAI hires former Meta executive to lead strategic planning;
2. Bank of America: Dovish Powell speech still does not endorse a 50bp rate cut;
3. Kraken must face the US SEC lawsuit regarding its cryptocurrency exchange registration;
4. GBTC had a net outflow of $35.6 million yesterday, ETHE had a net outflow of $9.8 million;
5. Grayscale launches AVAX investment trust, Grayscale Avalanche Trust;
6. Dollar Index DXY falls below 101, with an intraday drop of 0.49%;
7. Fed's mouthpiece: Powell's policy shift is complete;
8. io.net launches staking program, offering block rewards by staking devices in the IO network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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