1. The number of non-farm payrolls in the United States increased by 254,000 in September, exceeding expectations, and the unemployment rate dropped to 4.1%, reducing the possibility of a sharp interest rate cut by the Federal Reserve.
2. Fed's Goolsbee said the vast majority of policymakers expect interest rates to fall significantly in the next 18 months.
Fed's Goolsbee said that the vast majority of Fed policymakers believe that interest rates will fall significantly over the next year to the next 18 months. There are some signs that inflation may be below the target level, and caution must be exercised when current interest rates remain so restrictive. A wide range of data shows that the labor market is cooling, and if productivity continues to grow, it means higher economic growth and the neutral interest rate will also rise. - Original text
3. The team of US presidential candidate Kamala Harris is actively seeking to engage with the encryption industry or draw a line with the Biden administration's encryption policy.
Crypto industry supporters are watching presidential candidate Kamala Harris' public references to "digital assets" during her campaign. Mavericks owner Mark Cuban said the Harris team actively seeks engagement with the crypto industry and listens carefully to industry opinions, which may indicate that Harris plans to distance herself from the Biden administration's crypto policy.
4. BlackRock expects the Federal Reserve to implement two more rate cuts this year and may continue the rate cuts until 2025.
Rick Rieder, BlackRock’s chief investment officer for global fixed income, said the Fed will implement two more 25 basis point rate cuts this year, in part to ease the burden on a large number of people who are suffering from high borrowing costs. But he also believes that the Fed will continue to cut interest rates until 2025 because interest rates are still too high relative to inflation levels.
5. BTC options worth $1.07 billion and ETH options worth $280 million will expire and be delivered today, attracting market attention.
Adam, a researcher at Greeks.live, posted on social media that 17,500 BTC options will expire and be delivered today, with a Put Call Ratio of 0.75, a maximum pain point of $63,000, and a notional value of $1.07 billion. In addition, 119,000 ETH options will expire and be delivered today, with a Put Call Ratio of 0.68, a maximum pain point of $2,500, and a notional value of $280 million. Adam said that this week, A-shares and Chinese stocks attracted the attention of all markets, and cryptocurrencies were relatively weak. Even in the overall surge in Hong Kong stocks, blockchain stocks were on a downward trend, which reflected the weakness of the cryptocurrency market. Judging from the data of previous years, the market in the fourth quarter is generally good. The current sluggish market is a good time to build a position, and the low position is suitable for building some medium- and long-term bullish positions. The IV of each major term is at the average level of the past year. Before the end of the US election, IV still has support. The last two weeks will be a good opportunity to lay out the fourth quarter. -Original text
6. The strong performance of the US economy has driven artificial intelligence tokens to lead the cryptocurrency market rebound.
Alternative cryptocurrencies, or altcoins, led the digital asset market higher on Friday after geopolitical concerns receded and a strong U.S. jobs report eased recession fears.
7. JPMorgan believes that geopolitical tensions and the US election may support BTC and gold.
JPMorgan Chase (JPM) said in a research note on Wednesday that geopolitical tensions and the upcoming U.S. presidential election could support a “depreciation trade,” which is bullish for both Bitcoin (BTC) and gold.
8. Grayscale deposited approximately 6,242 ETH into Coinbase Prime, showing the holding dynamics of large institutions.
Grayscale deposited approximately 6,242 ETH worth $14.87 million to Coinbase Prime 30 minutes ago.
9. EigenLayer investigates suspicious wallets selling $5.5 million in EIGEN tokens, which may violate the lock-up plan.
EigenLayer said it is investigating a suspicious wallet that sold about 1.67 million EIGEN tokens, possibly violating a one-year lockup period for employees and early investors.
10. Binance Contracts adjusted the reward structure and "coin selection" details, and the reward was changed to contract transaction fee rebate coupons.
11. Tether CEO said that the relationship with the US government is "very good" and has been recognized by many law enforcement agencies.
Tether CEO Paolo Ardoino said in an interview that Tether has a "very good" relationship with the US government and that its relationship is "much better than its competitors." Paolo Ardoino said that Tether is the only stablecoin recognized by the FBI and the US Secret Service, and mentioned that the company also cooperates with 180 law enforcement agencies in 45 countries. Tether also positioned itself as a "good friend" of the United States because Tether currently holds about $98 billion in U.S. Treasury bonds and is one of the largest holders of U.S. Treasury bonds in the world. - Original text
12. Influenced by non-agricultural data, U.S. stocks opened higher, with the Nasdaq up 212 points, and the market is optimistic about the future performance.
When the U.S. stock market opened, the Dow Jones Industrial Average rose 246 points, the Nasdaq rose 212 points, and the S&P 500 rose 0.76%.
13. The United States will release non-farm data tonight, and market expectations may affect the Federal Reserve’s decision to cut interest rates.
Tonight at 20:30 (UTC+8), the United States will release non-farm data. The market expects that the seasonally adjusted non-farm employment in the United States in September will be 145,000 (million), higher than the previous value of 142,000 (million). It is worth noting that if the non-farm data is lower than expected and lower than the previous value, the possibility of continuing to implement the interest rate cut policy at the Federal Reserve's interest rate decision meeting in November still exists. The market may fluctuate greatly before and after the data is released, please pay attention to risk control. - Original text
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