Overview of Major Overnight Developments on November 21
21:00 (UTC+8) - 07:00 Keywords: Polymarket, Khurram Dara, Nonfarm Payrolls, SoftBank 1. The probability of a 25 basis point rate cut by the Federal Reserve in December is 39.6%; 2. U.S. nonfarm payrolls increased by 119,000 in September, higher than expected; 3. SoftBank will invest up to $3 billion in OpenAI's data center factory; 4. Crypto lawyer Khurram Dara announces candidacy for New York State Attorney General; 5. Polymarket is seeking a new round of financing at a $12 billion valuation; 6. U.S. Congressman Warren Davidson proposes the "Bitcoin for America Act"; 7. Traders are increasing bets on Fed rate cuts, but still expect the Fed to skip a December rate cut.
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