Bitcoin Rises as Weak US Jobs Data Cuts Fed Hike Odds
Summary: Bitcoin climbed to $86,152 after September US job growth missed expectations, causing odds of an October Federal Reserve rate hike to drop to 14%.
Summary: Bitcoin climbed to $86,152 after September US job growth missed expectations, causing odds of an October Federal Reserve rate hike to drop to 14%.
Summary: OKX launched USDT-margined Quant perpetual futures with up to 50x leverage, following a 178% weekly rally driven by new tokenized deposit infrastructure contracts.
Summary: NEAR Intents suspended cross-chain swap services on October 1 after a smart contract bug caused an estimated $3.8 million loss, with full user reimbursement promised.
Summary: Bitcoin briefly surpassed $87,000 on Friday after September nonfarm payrolls missed expectations, causing US bond yields to fall and reducing Federal Reserve rate hike odds.
Summary: Investors are funding Kalshi at a $40 billion valuation and preparing for Blockchain.com's IPO, even as most digital asset treasury companies trade below net asset value.
Summary: European issuers including AllUnity and Stable Mint launched MiCA-regulated US dollar stablecoins, arguing that euro-only options fail to meet global business liquidity demands.
Summary: Bitcoin price exceeded $87,000 following a weaker-than-expected U.S. nonfarm payrolls report and rising unemployment, driven by sustained exchange-traded fund inflows.
Summary: Market pricing indicates a low probability of an October Federal Reserve rate increase following a disappointing September employment report and cooler inflation data.
Summary: THORChain declined to block stolen funds from the Bitget hack, contrasting with NEAR Intents' intervention and igniting debate over permissionless ideals.
Summary: Strategy's board proposed shifting four digital credit securities to daily dividends on September 24, aiming to align with Strive's recent SATA rebranding.
Summary: The ECB Governing Council issued calls for digital euro pilot participation, responded to the MiCAR review consultation, and designated Visa Europe as a systemically important payment system.
Summary: NEAR Intents temporarily halted operations after a $3.8 million exploit traced to KuCoin, but restored core services within an hour and committed to full user reimbursement.
Summary: Bitcoin rose to $86,757 after August core PCE inflation fell below expectations, increasing the probability of a Federal Reserve rate hold in October.
Summary: Stablecoin issuer Circle asked the European Commission to replace mandatory bank-deposit minimums with flexible liquidity standards in its MiCA review response.
Summary: ECB Vice-President Boris Vujčić argues that completing the banking union and capital markets union is essential for European bank competitiveness, rejecting claims that lower capital requirements drive growth.
Summary: Crypto exchange Bitget confirmed a $388 million cyberattack, with CEO Gracy Chen stating that only $1.1 million has been frozen so far.
Summary: Economist Saifedean Ammous argues that smaller Bitcoin treasury companies cannot compete with Michael Saylor’s Strategy due to its massive holdings and lower borrowing costs.
Summary: Coinbase introduced Anthropic pre-IPO perpetual futures for non-U.S. users, while Metaplex expanded its Vantage beta access and DogeOS launched an EVM-compatible testnet.
Summary: Maelstrom CIO Arthur Hayes argues that financing AI infrastructure may force monetary expansion, potentially lifting cryptocurrency valuations.
Summary: Coinbase-issued tokenized stocks on the Base blockchain generated $1.5 billion in decentralized exchange volume over the past 30 days, a 313% increase from the prior period.