Overview of Key Overnight Developments on August 7
21:00 (UTC+8) - 7:00 Keywords: OpenAI, Cosmos Health, USDC Treasury 1. Trump advisors push for interim Federal Reserve Board appointments; 2. USDC Treasury mints an additional 350 million USDC; 3. Trump says he will nominate interim Federal Reserve Board members in the coming days; 4. Cosmos Health secures $300 million in funding to launch its Ethereum financial strategy; 5. OpenAI founder: Providing ChatGPT access to the entire federal government; 6. Vitalik: Ethereum will eventually enable instant native asset transfers across L2s via L1; 7. Fed's Daly: Labor market is slowing, tariffs have only short-term effects, and the Fed will cut rates soon.
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