Overview of Important Overnight Developments on May 8

1. Traders continue to believe that the Federal Reserve may cut interest rates in July; 

2. US OCC: Banks can trade and outsource services related to crypto assets under custody for clients;

3. Stripe launches stablecoin account services in over 100 countries worldwide;

4. The probability of the Federal Reserve maintaining interest rates in June is 80.2%;

5. Trump's calls for rate cuts have no impact on the Federal Reserve's work;

6. Robinhood plans to launch a blockchain-based platform to support European users trading US stocks.