Overview of Key Overnight Developments on August 12
21:00 (UTC+8) - 7:00 Keywords: Tempo, Thumzup, Fundamental Global, Gold 1. Trump: No tariffs will be imposed on gold; 2. The probability of a Fed rate cut in September is 85.9%; 3. Stripe partners with Paradigm to develop the L1 blockchain Tempo; 4. PAXOS is applying to U.S. regulators for a trust bank license; 5. Fundamental Global announces a $200 million private placement to purchase ETH; 6. Trump’s team expands the pool of candidates for Fed Chair, with the White House expected to announce a nominee in the fall; 7. Thumzup announces a $50 million public offering, with net proceeds to be used for accumulating cryptocurrencies and mining equipment.
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