Overview of Major Overnight Developments on October 4

21:00 (UTC+8) - 7:00 Keywords: interest rate cut, Tether, a certain exchange, Ethereum Foundation 1. Multiple institutions submitted more than 20 cryptocurrency ETF applications on the same day; 2. In the past 12 hours, the total liquidation across the network reached $367 million; 3. Tether seeks to raise $200 million to establish an XAUT treasury; 4. The Ethereum Foundation sold 1,000 ETH to fund research and development; 5. A certain exchange is applying to the US OCC for a federal trust license; 6. The US Treasury is considering issuing a Trump $1 commemorative coin; 7. The Federal Reserve governor nominated by Trump once again called for a significant interest rate cut.