Overview of Key Overnight Developments on August 5

21:00-7:00 Keywords: Federal Reserve, JUP, Abu Dhabi, White House

1. The probability of the Federal Reserve cutting interest rates by 50 basis points in September is 69.5%;

2. Abu Dhabi launches blockchain hub to promote blockchain innovation;

3. In the past 24 hours, the total liquidation across the network was $224 million, mainly long positions;

4. Senior White House officials will hold a virtual meeting with cryptocurrency executives tomorrow;

5. The US spot Bitcoin ETF has seen a net inflow of $17.508 billion since its launch;

6. The proposal to burn 30% of the JUP token supply by JupiterDAO has been approved by vote;

7. Bloomberg: As market sentiment turns positive, cryptocurrencies are booming again in New York.