US jobs data comes as a surprise, shaking markets; tokenized US equities break the $1 billion milestone, ushering in a new era
1. Nonfarm data far below expectations, causing Fed rate-hike odds to plunge
The event drawing the most attention from global investors this week is the unexpected slump in the US September nonfarm employment figures. The US Department of Labor reported that the number of new nonfarm jobs added was only 29,000, far below the market’s prior expectation of 90,000. The unemployment rate also rose to 4.2%. This weak report is like a major bombshell, instantly changing market expectations for the Federal Reserve’s monetary policy.
According to the latest interest-rate futures pricing, the probability of a Fed rate hike in October has fallen sharply from its high level before the data release to just 17%. This means the market is re-evaluating the outlook for the US economy, with expectations for rate cuts gradually warming up. For risk assets, this is an important positive signal, since a looser monetary-policy environment typically benefits the performance of assets such as stocks and cryptocurrencies.
After the data was released, Bitcoin quickly broke above the $87,000 mark, reflecting strong market expectations for improved liquidity. However, soon afterward renewed Iran-related geopolitical tensions emerged again, narrowing the gains. This also serves as a reminder that macro risk and geopolitical risk continue to intertwine in shaping market direction.
2. SEC approves 3x leveraged crypto ETPs, accelerating improvement of the regulatory framework
This week, the US Securities and Exchange Commission announced approval for the listing of three-times leveraged Bitcoin and Ethereum exchange-traded products. This was approved under the Securities Act of 1933, and it also includes four additional products linked to commodities. Bloomberg ETF analyst Eric Balchunas called it a major win, marking a key step toward opening leveraged crypto products to retail investors.
Meanwhile, SEC Chair Paul Atkins proposed a new custody framework for crypto assets aimed at investment advisers. It provides a compliance path for registered advisers and funds to hold digital assets, filling regulatory gaps left over from the early days of the internet era. Atkins confirmed this is only the beginning, with more crypto regulatory proposals currently in the pipeline.
Taken together, these two regulatory developments send a clear signal: the US is accelerating the construction of institutional infrastructure for the crypto market. From product approvals to custody rules, regulators are shifting from passive response to active building, which is of deep significance for the long-term development of the entire industry.
3. BNB Chain tokenized US stocks surpass $1 billion, on-chain finance enters a new stage
In the tokenization space, BNB Chain became the first blockchain this week to see the total tokenized stocks and ETF volume exceed $1 billion. It accounts for roughly 30% of the global $3.7 billion tokenized market. This milestone indicates that real-world assets on-chain are moving from concept to large-scale application.
At the same time, the Base network added 26 tokenized stocks, including those from Nvidia and Netflix, supporting trading around the clock. Institutional capital is rapidly flowing into the tokenized stock market, and the integration of traditional finance with blockchain is advancing at an unprecedented pace.
The significance of tokenized US equities lies in breaking limitations of traditional trading hours, allowing global investors to participate in the US stock market with lower barriers and faster speed. For investors in Asia and Europe, this means no longer needing to wait for Wall Street to open—24/7 trading is becoming a reality.
4. AI security capabilities validated in real-world scenarios; NEAR fully recovers stolen funds
On the security front, NEAR Intents this week successfully fully recovered $3.8 million in stolen funds from hackers. NEAR co-founder revealed that its AI security layer, SHIELD, identified the attackers’ identities within 24 hours, enabling rapid negotiations and full fund recovery. This is a rare incident in the crypto industry where stolen funds are returned in full, and it also showcases the tremendous potential of artificial intelligence in blockchain security.
In contrast, the once-celebrated Layer 2 network Blast announced it would shut down after reporting just $110 in daily revenue, and its token price then fell by about 42% in a single day. These two cases together highlight that in the crypto industry, technological innovation and security capabilities are the core competitive advantages for long-term survival. Projects that rely solely on piling up funds without generating sustainable revenue are inevitably eliminated by the market.
5. Market outlook and takeaways for investors
Taken together, the week’s data points suggest that global financial markets are at a critical turning point. Weak US employment data creates room for the Fed to pivot its policy, improved regulatory frameworks remove obstacles for institutions to enter, and the rapid development of tokenized assets is reshaping the boundaries of traditional finance.
For investors, in the short term it’s important to watch for subsequent revisions to employment data and statements from Fed officials. Over the medium to long term, the focus should be on two main threads: tokenized US equities and regulatory policy. In the crypto market, Bitcoin faces resistance near $87,000; whether it can hold depends on whether macro factors can keep releasing positive catalysts. BNB and SOL are performing strongly in terms of community heat, receiving 17,500 and 19,500 mentions respectively—worth paying attention to for ecosystem activity.
Markets always change, but once a trend forms it is hard to reverse. Tokenization, regulatory compliance, and AI security—these three threads are interweaving into a blueprint for the next generation of financial infrastructure.
#Fed rate-hike probability for October drops to 17% #BNB链代币化美股破十亿 #SEC approves 3x leveraged crypto ETP
1. Nonfarm data far below expectations, causing Fed rate-hike odds to plunge
The event drawing the most attention from global investors this week is the unexpected slump in the US September nonfarm employment figures. The US Department of Labor reported that the number of new nonfarm jobs added was only 29,000, far below the market’s prior expectation of 90,000. The unemployment rate also rose to 4.2%. This weak report is like a major bombshell, instantly changing market expectations for the Federal Reserve’s monetary policy.
According to the latest interest-rate futures pricing, the probability of a Fed rate hike in October has fallen sharply from its high level before the data release to just 17%. This means the market is re-evaluating the outlook for the US economy, with expectations for rate cuts gradually warming up. For risk assets, this is an important positive signal, since a looser monetary-policy environment typically benefits the performance of assets such as stocks and cryptocurrencies.
After the data was released, Bitcoin quickly broke above the $87,000 mark, reflecting strong market expectations for improved liquidity. However, soon afterward renewed Iran-related geopolitical tensions emerged again, narrowing the gains. This also serves as a reminder that macro risk and geopolitical risk continue to intertwine in shaping market direction.
2. SEC approves 3x leveraged crypto ETPs, accelerating improvement of the regulatory framework
This week, the US Securities and Exchange Commission announced approval for the listing of three-times leveraged Bitcoin and Ethereum exchange-traded products. This was approved under the Securities Act of 1933, and it also includes four additional products linked to commodities. Bloomberg ETF analyst Eric Balchunas called it a major win, marking a key step toward opening leveraged crypto products to retail investors.
Meanwhile, SEC Chair Paul Atkins proposed a new custody framework for crypto assets aimed at investment advisers. It provides a compliance path for registered advisers and funds to hold digital assets, filling regulatory gaps left over from the early days of the internet era. Atkins confirmed this is only the beginning, with more crypto regulatory proposals currently in the pipeline.
Taken together, these two regulatory developments send a clear signal: the US is accelerating the construction of institutional infrastructure for the crypto market. From product approvals to custody rules, regulators are shifting from passive response to active building, which is of deep significance for the long-term development of the entire industry.
3. BNB Chain tokenized US stocks surpass $1 billion, on-chain finance enters a new stage
In the tokenization space, BNB Chain became the first blockchain this week to see the total tokenized stocks and ETF volume exceed $1 billion. It accounts for roughly 30% of the global $3.7 billion tokenized market. This milestone indicates that real-world assets on-chain are moving from concept to large-scale application.
At the same time, the Base network added 26 tokenized stocks, including those from Nvidia and Netflix, supporting trading around the clock. Institutional capital is rapidly flowing into the tokenized stock market, and the integration of traditional finance with blockchain is advancing at an unprecedented pace.
The significance of tokenized US equities lies in breaking limitations of traditional trading hours, allowing global investors to participate in the US stock market with lower barriers and faster speed. For investors in Asia and Europe, this means no longer needing to wait for Wall Street to open—24/7 trading is becoming a reality.
4. AI security capabilities validated in real-world scenarios; NEAR fully recovers stolen funds
On the security front, NEAR Intents this week successfully fully recovered $3.8 million in stolen funds from hackers. NEAR co-founder revealed that its AI security layer, SHIELD, identified the attackers’ identities within 24 hours, enabling rapid negotiations and full fund recovery. This is a rare incident in the crypto industry where stolen funds are returned in full, and it also showcases the tremendous potential of artificial intelligence in blockchain security.
In contrast, the once-celebrated Layer 2 network Blast announced it would shut down after reporting just $110 in daily revenue, and its token price then fell by about 42% in a single day. These two cases together highlight that in the crypto industry, technological innovation and security capabilities are the core competitive advantages for long-term survival. Projects that rely solely on piling up funds without generating sustainable revenue are inevitably eliminated by the market.
5. Market outlook and takeaways for investors
Taken together, the week’s data points suggest that global financial markets are at a critical turning point. Weak US employment data creates room for the Fed to pivot its policy, improved regulatory frameworks remove obstacles for institutions to enter, and the rapid development of tokenized assets is reshaping the boundaries of traditional finance.
For investors, in the short term it’s important to watch for subsequent revisions to employment data and statements from Fed officials. Over the medium to long term, the focus should be on two main threads: tokenized US equities and regulatory policy. In the crypto market, Bitcoin faces resistance near $87,000; whether it can hold depends on whether macro factors can keep releasing positive catalysts. BNB and SOL are performing strongly in terms of community heat, receiving 17,500 and 19,500 mentions respectively—worth paying attention to for ecosystem activity.
Markets always change, but once a trend forms it is hard to reverse. Tokenization, regulatory compliance, and AI security—these three threads are interweaving into a blueprint for the next generation of financial infrastructure.
#Fed rate-hike probability for October drops to 17% #BNB链代币化美股破十亿 #SEC approves 3x leveraged crypto ETP