Overview of important overnight developments on October 28

21:00-7:00 Keywords: Base, FTX, Tether

1. The probability of the Fed cutting interest rates by 25BP in November is 97.7%;

2. Base's daily stablecoin transfer volume exceeded all other chains for the first time;

3. Spot gold opened on Monday with a gap down of $15, now trading at $2,731 per ounce;

4. FTX and Bybit reached a $228 million settlement, accelerating the process of returning customer funds;

5. CoinDCX co-founder: CBDC and cryptocurrencies should coexist, not compete;

6. Tether CEO showcased Tether Local AI development kit focused on privacy, with plans to open source it in the future;

7. TIA, SUI, and OP tokens will see large unlocks next week, with TIA's unlocking value at approximately $941 million.