Overview of Key Overnight Developments on August 4

21:00-7:00 Keywords: Grayscale ETHE, Reserve Bill, Harris

1. Grayscale ETHE outflows have decreased by approximately 80% this week;

2. The total open interest of ETH contracts across the network has risen to $13.115 billion; 

3. The U.S. Ethereum spot ETF has seen a net outflow of $169.4 million this week;

4. The Bitcoin Reserve Bill has been officially submitted to Congress and referred to the Senate Banking Committee for review; 

5. 10x Research: If the U.S. economy deteriorates, Bitcoin may fall below $50,000; 6. Harris campaign spokesperson: Harris hopes to stick to the plan of debating on ABC on September 10.