Overview of Key Overnight Developments on October 31

21:00-7:00 Keywords: CBDC, Reddit, Canary Capital

1. U.S. Treasury: CBDC should replace stablecoins;

2. Privacy blockchain project Nillion raises $25 million;

3. Reddit has sold most of its cryptocurrency holdings in the third quarter;

4. Canary Capital submits spot Solana ETF application to the U.S. SEC;

5. U.S. Treasury: The growth of stablecoins is increasing demand for government bonds;

6. Microsoft shareholders have begun preliminary voting on whether the company should invest in Bitcoin;

7. MicroStrategy plans to raise $42 billion over the next three years to buy more Bitcoin; 8. AI data collection startup Sapien secures $10.5 million in seed funding.