Overview of Key Overnight Developments on October 30

21:00-7:00 Keywords: Consensys, Optimism, FTX

1. The probability of the Federal Reserve cutting interest rates by 25BP in November is 98.8%;

2. Crypto wallet MetaMask developer Consensys lays off 20% of its staff;

3. The new financial inclusion strategy by the U.S. Treasury does not focus on cryptocurrencies;

4. Florida's Chief Financial Officer advocates for establishing a strategic Bitcoin reserve;

5. The Optimism Foundation agrees to provide Kraken with a grant of 25 million OP tokens;

6. FTX files a lawsuit to recover over $50 million in assets held by KuCoin;

7. The White House: Biden thanks the President of Nigeria for releasing Binance executive Tigran Gambaryan;

8. BTC briefly rose to a high of $73,620 before falling back, just about $150 short of its all-time high.