The U.S. September non-farm payroll report, due October 2, is expected to show 90,000 new jobs, down significantly from August's 162,000. The key market focus is whether August data will be revised downward due to seasonal adjustment anomalies, with potential implications for Fed rate-hike expectations and bond market volatility.
S&P Global Ratings assigned Sky Protocol a B- credit rating with stable outlook on October 1. The stablecoin protocol's total USDS and DAI supply grew to $9.5 billion, with reserves at $92 million against a $150 million target and robust assets comprising 50% of circulating supply. Sky is expanding its Prime Agent ecosystem for specialized investments while managing increased complexity.
Hester Peirce concluded her tenure as SEC Commissioner after more than 8 years, during which she advocated for a token safe harbor and led the cryptocurrency working group. She frequently opposed enforcement actions, arguing instead for clear regulatory rules to protect investors in the digital asset industry.
Goldman Sachs earned hundreds of millions in commissions from handling SpaceX's IPO and earlier private investments. The bank's clients who invested when SpaceX was valued at tens of billions of dollars realized substantial profits after the company went public at a $1.77 trillion valuation.
NVIDIA's stock reached an all-time high, rising 2.9% after two months of declines, with market capitalization approaching $5.7 trillion. The rally was driven by optimism about AI-driven semiconductor demand and the company's announcement of a $150 billion increase to its buyback plan. Year-to-date, the stock has gained approximately 27%.
Aave founder Stani Kulechov criticized European regulators' proposed restrictions on crypto asset service providers offering DeFi access, warning that limiting protocols through suitability tests and certification systems could fragment open finance and reduce opportunities for European users.
A Lloyds Bank survey of senior UK financial executives found that 71% believe tokenization will reshape the financial services industry, with faster payments and settlement speeds cited as the primary benefit.
Aave founder Stani Kulechov clarified that a recent FlashLoopAdapter vulnerability affecting two Safe multi-signatures was in a third-party external adapter, not Aave v3 itself. The attack exploited an access control flaw in the adapter to steal approximately 114 ETH, but Aave's core protocol remained unaffected.
Bond market spreads between French and German 10-year government bonds have widened to their highest level since 2012, exceeding 149 basis points. The widening has extended to other high-debt eurozone countries including Italy, Belgium, and Greece, according to Commerzbank strategists.
Arkham Intelligence tracked approximately 78% of Microstrategy's Bitcoin holdings, valued at $55.78 billion across tagged wallets and Fidelity Custody. The company holds 847,666 Bitcoins with an average cost of $75,437 per Bitcoin after recent purchases in late September.
U.S. President Trump stated the government may consider taking equity stakes in OpenAI and Anthropic, similar to its Intel investment, while ruling out nationalization of AI companies.
Volmex launched a Bitcoin Implied Volatility Index (BVIV) perpetual contract on Hyperliquid, based on options data from Deribit and OKX. The contract tracks expected Bitcoin volatility over 30 days with up to 5x leverage and hourly funding rates.
Global debt reached 365 trillion USD in September 2024, rising 10 trillion in six months with emerging markets contributing significantly. Stablecoin issuers are rapidly increasing holdings of short-term US Treasury bonds, potentially doubling their demand to 400 billion by 2030 as foreign investor share declines.
The Congressional Research Service reports that federal regulators have frequently shifted their stance on banks' cryptocurrency activities across presidential administrations since 2017. Congress could clarify regulations through legislation like the CLARITY Act, with House and Senate versions proposing different scopes of permissible cryptocurrency activities for banks.
Cryptocurrency exchange BitMart announced a preliminary redemption plan following a December 2021 hacker attack that created a $319.5 million balance sheet gap. Users can choose from three exit options: front-end allocation in fiat or stablecoins, recovery tokens exchanging stolen assets, or continuation tokens representing investment rights in the restarted business. The plan, developed with advisors Alvarez & Marsal and White & Case, will be refined based on feedback from top users over the next three to four weeks.
Austrian Bitcoin platform 21bitcoin launched a 1.21% annual interest rate on euro balances, with the option to receive payments in Bitcoin without exchange fees. The company claims to be Europe's first service offering direct Bitcoin interest on savings, with funds held in a German bank's segregated trust account and no minimum deposit or lock-in requirements.
The US 30-year mortgage rate has climbed to 7.28%, its highest level since November 2023, while 15-year rates reached 6.6%. Elevated interest rates are dampening the real estate market, with existing home sales in August falling 2% month-over-month to an annualized 3.98 million units.
Zano experienced a critical blockchain validation flaw in Hard Fork 6's Gateway Addresses that allowed attackers to mint over 200 million USD in fraudulent tokens across two incidents in September. The project rolled back the blockchain to block 3,833,000, disabled the vulnerable feature, and plans to fully restore affected balances while maintaining its original supply plan.
U.S. manufacturing accelerated in September with PMI hitting its highest level since May 2022, driven by surging new orders that prompted increased production, hiring, and order backlogs. Despite declining exports, safety stock demand supported growth, fueling market speculation about further Federal Reserve interest rate increases.
U.S. stock markets opened slightly higher with the Dow Jones up 0.14%, S&P 500 up 0.22%, and Nasdaq up 0.46%. Accenture surged 17.8% on strong fourth-quarter results and positive guidance, while Google rose 2.4% following its Gemini 4 AI model launch. Micron Technology declined 1.8% after missing earnings expectations.