Overview of Key Overnight Developments on October 21

21:00-7:00 Keywords: Fed rate cut, Bitcoin hash rate, Stripe

1. The current Bitcoin network hash rate is 693.46 EH/s;

2. The probability of a 25BP rate cut by the Fed in November is 99.3%;

3. The total TVL of the prediction market sector has surpassed $253 million;

4. Stripe acquires stablecoin platform Bridge for $1.1 billion;

5. Bitwise CIO: Bitcoin may surpass $100,000 sooner than expected;

6. dYdX Foundation CEO: Tomorrow will reveal the secrets of the moat, Trojan horse, and flywheel;

7. Vitalik Buterin states in the "Scourge" outline that staking centralization is "one of the biggest risks" to Ethereum.