Overview of Key Overnight Developments on September 28

21:00 (UTC+8) - 7:00 (UTC+8) Keywords: PUSD, Applied Compute, Solana Treasury 1. The probability of a Fed rate cut in October has dropped to 87.7%; 2. Currently, 2,168,091 ETH are in the unlocking waiting period; 3. Opinion: Stablecoin trading volume has surged by $25 billions in the past 18 months; 4. Applied Compute, founded by former OpenAI employees, is in talks for a new round of financing; 5. The total holdings of 18 Solana treasury entities have exceeded 20 million SOL, valued at approximately $4.21 billions; 6. Polkadot's native stablecoin PUSD has entered the proposal discussion stage and may only be minted with DOT as collateral; 7. Galaxy Digital CEO: The Fed's dovish policy will push bitcoin prices up to $200,000.