Overview of Key Overnight Developments on August 2

21:00-7:00 Keywords: MicroStrategy, Morpho, DuelNow, Federal Reserve

1. The probability of the Federal Reserve cutting interest rates by 50 basis points in September has increased;

2. Block's Bitcoin revenue for the second quarter was $2.61 billion;

3. MicroStrategy will raise $2 billion to buy more Bitcoin;

4. Cryptocurrency lending company Morpho raised $50 million in financing;

5. The Federal Reserve interest rate swap market is fully pricing in three rate cuts by the end of the year;

6. Coinbase's total revenue for the second quarter was $1.45 billion, exceeding expectations;

7. VanEck CEO: Bitcoin's market value will reach half of the total market value of gold;

8. Prediction market DuelNow, built on Arbitrum, completed $11 million in financing;

9. MicroStrategy's net loss for the second quarter was $102.6 million, with Bitcoin holdings rising to 226,500 units.