Overview of Key Overnight Developments on November 8

21:00-7:00 Keywords: Federal Reserve, Powell, Trump

1. The Federal Reserve announced a 25 basis point rate cut; 

2. The UK House of Lords supports the Digital Assets Property Bill; 

3. BTC briefly rose to $76,849, setting a new high; 

4. Biden: Will work to ensure a smooth transition to the Trump administration; 

5. Powell: Overall economic performance is strong, inflation has significantly eased; 

6. Powell: As we approach the neutral rate, it may be necessary to slow the pace of rate cuts; 

7. The Trump team is considering Robinhood's Chief Legal and Compliance Officer Dan Gallagher as a candidate for SEC Chairman.