Overview of Key Overnight Developments on August 27

21:00-7:00 Keywords: GBTC, Economic Daily, 25 basis points, PYUSD

1. No inflows or outflows for GBTC yesterday, ETHE had a net outflow of $9.5 million;

2. Economic Daily: Strictly prevent virtual assets from becoming money laundering tools;

3. Pavel Durov's arrest is related to 12 charges including cybercrime targeting "cryptography" services;

4. The probability of a 25 basis point rate cut by the Federal Reserve in September is 68%;

5. French authorities can detain Pavel Durov until August 28;

6. PayPal's stablecoin PYUSD reached a market value of $1 billion within a year;

7. The UK's Financial Conduct Authority has not approved any cryptocurrency company registration applications for six consecutive months.