Golden Morning Update | Overview of Important Overnight Developments on August 16

[Golden Morning News | Overview of Important Overnight Developments on August 16] 21:00-7:00 Keywords: US Treasury, Trump, Fed

1. The 10-year U.S. Treasury yield rose more than 4 basis points this week; .2. Several airlines in the UAE support cryptocurrency payments for ticket purchases;
2. The Trump administration is considering using funds from the CHIPS Act to acquire shares in Intel;
3. Fed Chairman candidate Summerlin: Supports a 50 basis point rate cut by the Fed next month;
4. Bank of America: The Fed's adjustment of its investment portfolio may bring $2 trillion to the Treasury;
5. The Fed will cancel plans to specifically regulate banks' cryptocurrency and fintech activities;
6. The Ethereum PoS network exit queue has risen to approximately 818,000 coins, while the join queue has risen to approximately 362,000 coins.