Overview of Key Overnight Developments on October 28

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

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

2. Base's single-day stablecoin transfer volume surpassed all other chains for the first time;

3. Spot gold opened with a gap down of $15 on Monday, currently reported at $2731/ounce;

4. TIA, SUI, and OP tokens will see significant unlocks next week, with TIA unlocking approximately $941 million in value;

5. Tether CEO showcased a preview of the Tether Local AI development kit focused on privacy, with plans to open source it later.