Overview of Key Overnight Developments on August 16

21:00 (UTC+8) - 7:00 (UTC+8) Keywords: US Treasuries, Trump, Federal Reserve 1. The yield on the US 10-year Treasury rose by more than 4 basis points this week; 2. Several airlines in the UAE now support cryptocurrency payments for ticket purchases; 3. The Trump administration is considering using CHIPS Act funds to take a stake in Intel; 4. Federal Reserve Chair candidate Summers: Supports a 50 basis point rate cut by the Fed next month; 5. Bank of America: The Fed's portfolio adjustments could bring $2 trillion to the Treasury; 6. The Fed will cancel plans for dedicated oversight of banks' cryptocurrency and fintech activities; 7. The Ethereum PoS network exit queue has risen to about 818,000 ETH, and the entry queue has increased to about 362,000 ETH.