Overview of Major Overnight Developments on September 24

21:00 (UTC+8) - 7:00 Keywords: rate cut, Tether, Aster, Ethereum ETF

1. Bowman: It is time to take decisive action to cut rates;

2. Federal Reserve Governor Bowman: Expects a total of three rate cuts in 2025; 

3. Tether seeks to raise up to $20 billion at a $500 billion valuation;

4. The US SEC has approved Grayscale's Ethereum ETF under the "universal listing" framework;

5. The US SEC Chairman released the latest updates on the "Crypto Market Structure Bill";

6. Trump: If Russia is unwilling to reach an agreement, the US is ready to impose additional tariffs;

7. The US CFTC launches a tokenized collateral program, allowing derivatives trading to use stablecoins;

8. Aster's 24-hour perpetual contract trading volume surpassed $12.5 billion, overtaking Hyperliquid.