Overview of Important Overnight Developments on August 23

21:00-7:00 Keywords: Magic Eden, Worldcoin, Avalanche, PayPal

1. The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 75%;

2. CZ may have left prison but is still in custody;

3. Magic Eden Foundation launches ME token for cross-chain transactions;

4. Colombian regulators accuse Worldcoin of violating data protection laws;

5. Grayscale launches AVAX investment trust, Grayscale Avalanche Trust;

6. Franklin Templeton expands on-chain money market fund to the Avalanche network;

7. PayPal announces partnership with crypto bank Anchorage Digital to offer stablecoin rewards;

8. SkyBridge Capital founder: Bitcoin is still in its early stages and not yet a "store of value" asset.