1. The U.S. government transferred 12,300 BTC, worth $1.01 billion
The U.S. government transferred 12,267 BTC, worth $1.01 billion. -Original text
2. Initial jobless claims in the U.S. came in at 197,000, below expectations, strengthening the Fed’s confidence in keeping interest rates high
In the week ending October 3, the number of initial jobless claims in the U.S. was 197,000, versus an expected 200,000. The prior value was revised from 197,000 to 199,000. (Source: Jin10) AI interpretation: Initial jobless claims came in below expectations and are at a historical low, directly proving that demand in the U.S. labor market is extremely strong. This tight employment environment supports wage growth and, in turn, increases the stickiness of core inflation. Therefore, the Fed’s confidence in maintaining a high-interest-rate policy is strengthened, and market expectations for rate cuts in the near term are completely suppressed. This data clearly signals economic overheating and forces investors to reassess how long the tightening cycle will last. -Original text
3. Federal Reserve Governor Waller: More rate hikes are still needed, and the pace of hikes should remain flexible
Federal Reserve Governor Waller said that more rate hikes are still needed, but the pace of hikes should remain flexible. - Original text
4. Federal Reserve official Moussalam: Interest rates should be raised in the next 6 to 9 months to curb inflation
An official with the Federal Reserve, Moussalam, said that interest rates should be raised over the next 6 to 9 months. - Original text
5. Brent crude breaks through $104 per barrel, up more than 4%; WTI crude rises 3.93% to $91.747 per barrel
6. CFTC Chair Mike Selig: The crypto industry is moving back to the US; regulatory clarity helps keep the industry here
US Commodity Futures Trading Commission (CFTC) Chair Mike Selig said on the X platform that the United States is no longer going to allow crypto business to flow overseas while other countries set the standards. The crypto industry is moving back to the US. Clear regulatory rules will help the industry stay in the US and be led by the US. - Original text
7. ESMA requires EU crypto firms to stop providing non-compliant stablecoin services no later than January 8, 2027
The European Securities and Markets Authority (ESMA) requires EU crypto asset service providers authorized under MiCA to stop providing services related to stablecoins that do not comply with MiCA to EU clients, and to address any existing related exposures no later than January 8, 2027. The guidance covers trading platforms, exchange services, order execution, custody, transfers, investment advice, and portfolio management. ESMA requires firms to take technical, contractual, and organizational measures to prevent EU clients from obtaining or increasing exposure to unauthorized stablecoins. Regulators may allow firms to provide limited services such as clearing, conversion, withdrawals, transfers, and custody to help clients exit existing positions, but those activities must be temporary arrangements and subject to strict supervision. This update extends ESMA’s related guidance published in January 2025. - Original text
8. Standard Chartered announced it will launch a bitcoin custody service in Singapore
Standard Chartered announced it will launch a bitcoin custody service in Singapore this year. - Original text
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