According to Gate data, the US dollar against the Japanese yen (USDJPY) briefly rebounded to 157.5, currently at 157.516, with a 24-hour decline of 0.3%.
Odaily News: Matador Technologies has announced the issuance of senior secured convertible debentures with an aggregate principal amount of $10.5 million, and currently holds approximately 168 bitcoins. The company funds its Bitcoin treasury through common shares and secured convertible debentures. This issuance is part of its $100 million secured convertible debenture facility, with the remaining $89.5 million available for drawdown in tranches subject to regulatory approval and other conditions. The company's current average monthly cash operating expenses are approximately CAD 125,000, with plans to further reduce this to approximately CAD 100,000. Shareholders will vote on October 14 on the creation of a new class of preferred shares.
Odaily News: U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce ended her term today. She served at the agency for more than 8 years, repeatedly dissenting when the commission chose to take enforcement action rather than formulate rules for the industry to follow, and earlier proposed a token safe harbor plan.
Hester Peirce previously led the Crypto Task Force and stated that the SEC's duty to protect investors includes using its regulatory authority to provide regulatory boundaries for the rapidly expanding digital asset industry. (CoinDesk)
Odaily reports that the Trump family crypto project World Liberty Financial (WLFI) stated on X platform that the reward pool has completed a $1.25 million USD1 injection, with staking rewards to be added every two weeks thereafter. Reward details can be viewed through on-chain data. As of now, the number of staked WLFI tokens has reached approximately 15.11 million.
Odaily News: According to MSX.COM data, at the U.S. stock market open, the Dow rose 0.62%, the S&P 500 rose 0.85%, the Nasdaq rose 1.21%, and the VIX fear index fell 4.64%. AI-related stocks rose broadly, with onsemi up 6.46%, Arm up 5.1%, Marvell up 3.79%, CoreWeave up 3.33%, and Oracle up 3.06%.
It is reported that MSX is a leading RWA trading platform and has cumulatively listed hundreds of RWA tokens, covering popular U.S. stocks and ETF token targets such as NVIDIA, GOOGL, MSFT, AMZN, META, TSM, and AMD.
Odaily News: According to the latest Gate data, gold prices rose to $4,191.36 per ounce, up 0.4% on the day. Silver prices rose to $61.387 per ounce, up 1.06% on the day.
In forex, the US dollar fell 0.14% against the offshore Chinese yuan (USD/CNH) on the day, with the current exchange rate at 6.70419. The US dollar fell 0.4% against the Japanese yen (USD/JPY) on the day, with the current exchange rate at 157.452.
In global stock indices, the Euro Stoxx 50 Index (EUSTX50) rose 0.65% on the day, to 6,231.43 points; the UK FTSE 100 Index (UK100) rose 0.11% on the day, to 10,472.4 points; the German DAX 40 Index (GER40) rose 1.02% on the day, to 25,241 points.
In commodities, WTI crude oil fell 4.51% on the day, to $91.96 per barrel. Brent crude oil fell 2.79% on the day, to $103.81 per barrel.
Gate supports users in directly trading traditional financial market products within the platform, offering one-stop coverage of multiple asset classes including precious metals, forex, global stock contracts for difference (CFDs), major indices, and commodities, enabling deep integration between crypto assets and traditional financial assets. Gate TradFi-related features have been fully integrated into the Gate App and Web platform, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market and continuously enhancing the multi-asset allocation experience.
Odaily News: Bankless founder David Hoffman posted on X platform that if Bitcoin's daily closing price rises above $86,600, it would release a strong signal; if it further rises above $87,400, it would be an "astronomically bullish" signal.
Odaily reports that the nonfarm payroll data further reinforced the view that momentum in the U.S. job market is cooling. According to CME's "FedWatch" tool, traders now expect an 83% probability that the Federal Reserve will keep rates unchanged at its October meeting, up from 72% before the jobs report was released; the probability of a rate hike has dropped from 28% to 17%. Rate expectations have also cooled. Currently, federal funds rate futures pricing shows that the market expects the Fed to raise rates by a cumulative total of about 22.2 basis points through the end of 2026, down from 25.5 basis points before the data was released.
Odaily reports: Brian Jacobsen, Chief Economic Strategist at Annex Wealth Management, stated that the U.S. job market is not as strong as initially believed. July's data was revised down to negative growth, and while August saw a decent rebound, that momentum came to an abrupt halt in September, with only 29,000 jobs added. The employment diffusion index fell back below 50. Fed Chair Warsh had previously been concerned about the breadth of inflation, but now he will have to consider the lack of breadth in the job market. This data supports pausing rate hikes in October. (Jinshi)
Odaily News: Spartan Capital Securities chief market economist Peter Cardillo said that nonfarm payrolls came in below expectations but still indicate a growing job market. Wages also showed no inflationary pressure, which is a positive factor. The rise in the unemployment rate may be due to an increase in the labor force participation rate. Overall, this report is favorable for the market. It may help ease the upward momentum in yields and also suggests the Fed does not need to worry about wage inflation. Combined with the lower-than-expected PCE price index released a few days ago, this means the Fed is very likely to continue holding steady at its October meeting. (Jinshi)
Odaily reports that ZachXBT posted on X platform stating that UPay may be allowing sanctioned illegal marketplace Xinbi to white-label issue its Visa crypto cards, and demanded that UPay clarify the situation. ZachXBT said that Xinbi is mainly involved in pig butchering scams, fraud, money laundering, and human trafficking.
According to Lookonchain monitoring, an address went long on 2,900 ETH with 20x leverage on Aster DEX, with a position value of $7.97 million. It currently has over $1 million in unrealized profit, with a return rate of 251.68%.
Odaily News: Absa Group has become the first bank in Africa to offer digital asset custody services. The bank has received regulatory approval in South Africa and will provide digital asset safekeeping, management, and transfer services to institutional clients in South Africa. It currently supports Bitcoin, XRP Ledger, Ethereum, and USDC, with plans to expand to other assets. Rob Downes, Head of Digital Assets in Absa's Corporate and Investment Banking division, said that in the future the service is expected to be expanded to other client groups in South Africa, and after obtaining regulatory approval, it will be introduced to other African countries where the bank operates.
Odaily reports that Bitcoin News posted on X platform stating that Trump said if Democrats win the election, the U.S. will fall into a financial depression unlike anything seen before.
Odaily reports that the altcoin sector saw widespread gains. SAND is trading at $0.06998, up 62.52% in 24 hours; ENJ is at $0.03729, up 27.88%; GTC is at $0.12388, up 22.10%; MANA is at $0.1054, up 19.10%; SKY is at $0.09402, up 18.94%; GALA is at $0.002655, up 17.53%; MAGIC is at $0.0605, up 15.02%; SUPER is at $0.2275, up 14.96%.
Odaily News: After the release of the U.S. nonfarm payrolls report, market traders reduced their bets on a Federal Reserve rate hike in October. Swap contracts tied to Fed meeting dates show that the market no longer fully prices in a complete rate hike this year.
Mohamed El-Erian, Chief Economic Advisor at Allianz, said the U.S. employment data came in surprisingly: only 29,000 jobs were added in September, the unemployment rate rose to 4.2%, and hourly earnings grew just 0.1% month-over-month. In addition, the July and August figures were revised down by about 60,000 jobs. On the supply side, the labor force participation rate rose to 61.8%, which is a more positive development. Overall, this will further reinforce the impact of recent Fed officials' remarks, namely that market expectations for a Fed rate hike in October are cooling.
