Overview of Key Overnight Developments on November 25

21:00-7:00 Keywords: Tether, Polymarket, Federal Reserve

1. Tether minted an additional $3 billion USDT stablecoins;

2. The probability of a 25 basis point rate cut by the Federal Reserve in December is 52.7%;

3. On the 27th, the Federal Reserve will release the minutes of the November monetary policy meeting;

4. U.S. national debt surpassed $36.034 trillion, reaching a new high;

5. French users are prohibited from accessing the Polymarket prediction market;

6. $560 million in leveraged cryptocurrency positions were liquidated within 4 hours.