Overview of Key Overnight Developments on September 14

21:00-7:00 Keywords: Fed rate cut, Trump, Ethereum

1. Ethereum's net supply increased by 5,934 in the past 7 days;

2. Musk claims to establish a self-sufficient Mars city in the future;

3. Rune's total market value reached $1.51 billion, an increase of 13.71% compared to yesterday;

4. Ethereum staking rate has reached 28.27%, with Lido's market share at 27.94%;

5. Google's search volume for Bitcoin has dropped to its lowest point since the FTX collapse;

6. The probability of the Fed cutting rates by 25BP in November is 95.6%, with a 4.4% probability of no rate cut;

7. Trump: Musk wants a position responsible for cost-cutting, a new "Minister of Cost Reduction" position will be established.