Overview of Important Developments on August 22nd at Noon

7:00-12:00 Keywords: Axelar, Tim Scott, BlackRock, Ryan Salame

1. CME FedWatch: The probability of the Fed cutting rates by 50 basis points in September is currently reported at 32.5%;

2. BlackRock's on-chain asset value surpasses Grayscale, becoming the world's largest digital asset management company;

3. Report: Nearly half of corporate election spending in the 2024 US election cycle comes from crypto companies;

4. Analysis: After the Cancun upgrade, ETH burn rate decreased by 84% compared to before the upgrade, Ethereum revenue dropped by 69%;

5. Former FTX executive Ryan Salame seeks to withdraw plea agreement, claims government violated agreement by investigating his family;

6. Axelar (AXL) mainnet will be upgraded on August 28, enabling Interchain Amplifier mainnet deployment;

7. Bitwise CIO: Institutional adoption of Bitcoin ETFs is faster than any other ETF in history;

8. Republican Senator Tim Scott: If appointed as Chairman of the US Senate Banking Committee, will establish a subcommittee for the digital asset industry.