Overview of important overnight developments on October 28
21:00-7:00 Keywords: Base, FTX, Tether
1. The probability of the Fed cutting interest rates by 25BP in November is 97.7%;
2. Base's daily stablecoin transfer volume exceeded all other chains for the first time;
3. Spot gold opened on Monday with a gap down of $15, now trading at $2,731 per ounce;
4. FTX and Bybit reached a $228 million settlement, accelerating the process of returning customer funds;
5. CoinDCX co-founder: CBDC and cryptocurrencies should coexist, not compete;
6. Tether CEO showcased Tether Local AI development kit focused on privacy, with plans to open source it in the future;
7. TIA, SUI, and OP tokens will see large unlocks next week, with TIA's unlocking value at approximately $941 million.
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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