Overview of Important Overnight Developments on September 19

21:00-7:00 Keywords: Federal Reserve, Powell, Mizuho Bank, Louisiana,

1. The Federal Reserve cuts interest rates by 50 basis points, initiating a rate-cutting cycle;

2. The government of Louisiana, USA, now accepts Bitcoin payments;

3. US SEC Chairman: The "so-called" cryptocurrency exchanges must follow the rules;

4. Mizuho Bank collaborates with Fujitsu to simplify carbon credit issuance using blockchain;

5. Hemi Labs raises $15 million in funding, led by Binance Labs; 6. Federal Reserve dot plot: The Fed expects the federal funds rate to be 4.4% by the end of 2024;

7. The first ETF supporting 2x long/short MicroStrategy stock will be listed on Cboe BZX;

8. JPMorgan, UBS, and others join the Bank for International Settlements' blockchain-based cross-border payment reform plan;

9. Federal Reserve Chairman Powell: If appropriate, the Fed can accelerate, slow down, or pause rate cuts.