Overview of important overnight dynamics

1. The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 75%; 2. CZ may have left prison, but is still in custody; 3. Magic Eden Foundation launches ME tokens for cross-chain transactions; 4. Colombian regulators accuse Worldcoin of violating data protection laws;

5. Grayscale launches AVAX investment trust Grayscale Avalanche Trust:

6. Franklin Templeton expands on-chain money market funds to the Avalanche network;

7. PayPal announced a partnership with crypto bank Anchorage Digital to provide stablecoin rewards;

8. Skybridge Capital founder: Bitcoin is still in its early stages and is not yet a "store of value" asset.