Overview of Important Overnight Developments on May 8
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1. Traders continue to believe that the Federal Reserve may cut interest rates in July;
2. US OCC: Banks can trade and outsource services related to crypto assets under custody for clients;
3. Stripe launches stablecoin account services in over 100 countries worldwide;
4. The probability of the Federal Reserve maintaining interest rates in June is 80.2%;
5. Trump's calls for rate cuts have no impact on the Federal Reserve's work;
6. Robinhood plans to launch a blockchain-based platform to support European users trading US stocks.
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