Overview of Key Overnight Developments on August 22

21:00 (UTC+8) - 7:00 Keywords: Pham, Verb Technology, Pennsylvania 1. The probability of a Fed rate cut in September is 75%; 2. Fed's Harker: Does not support a rate cut in September for now; 3. Traders reduce bets on two Fed rate cuts this year; 4. Pennsylvania lawmakers propose banning public officials from trading cryptocurrencies; 5. Fed's Collins: If the labor market outlook worsens, a rate cut may be appropriate in the short term; 6. Acting CFTC Chair Pham announces the launch of a new round of the Crypto Sprint initiative to implement the Trump administration's digital asset strategy; 7. Verb Technology (to be renamed Ton Strategy): Holds $713 million in TON and $67 million in cash.