In brief The U.S. added only 29,000 jobs in September versus 84,000 expected, and odds of an October Fed hike plunged to roughly 14% from 70% earlier this week. Bitcoin trades at $86,152, about 1.4% below its $87,354 September high. Where does $BTC go next? Here’s what the charts are saying. Bad news for the
In brief Nvidia shares reached a record $237.88 in Friday trading, lifting the chipmaker’s market value to roughly $5.7 trillion, the largest of any company. The board added $150 billion to Nvidia’s buyback authorization on Sept. 28, bringing the total to $235 billion through fiscal 2028. U.S. employers added 29,000 jobs in September against forecasts
The Contract Polymarket’s odds stand at 56% for a contract that says bitcoin will be “above $90,000 this month”. By early this morning, the price on that contract had risen to 59.5 cents (or 59.5%) but has since dipped again. That said, Polymarket’s October price market doesn’t ask whether bitcoin finishes the month above $90,000;
The US 10-year Treasury yield touched 5.34% on Oct. 1, its highest since 2002, capping a third quarter in which it climbed almost 90 basis points, the largest quarterly rise this century. Bitcoin gained about 43% over the same three months and Ethereum about 71%. Bitcoin trades in the mid-$80,000s, and the clearest evidence of
North Dakota’s banks and credit unions are getting a dollar settlement route on Solana as banking technology provider Fiserv brings its digital asset platform into production. In its Oct. 1 announcement, the company identified Roughrider Coin, an interbank payment token overseen by the Bank of North Dakota (BND), as the platform’s first live use case.
Bitcoin’s quarter-end liquidity signal changes direction depending on which reserve measure is used. Federal Reserve data released Oct. 1 show bank reserves falling $88.236 billion between Sept. 23 and Sept. 30 Wednesday snapshots, while their weekly average rose $17.897 billion. Reserves are balances banks hold at the Federal Reserve to make and receive payments. Their
European stablecoin issuers are making the case for regulated US dollar tokens, arguing that Europe’s push to strengthen the euro does not eliminate businesses’ need for dollar liquidity. AllUnity, a German stablecoin issuer, launched its US dollar-pegged stablecoin USDAU on Wednesday, expanding its MiCA-regulated lineup beyond European currencies. “In global trade and FX markets, the
Crypto companies are raising billions again, but investors are no longer handing out premiums indiscriminately. Kalshi is reportedly seeking $1 billion at a $40 billion valuation, nearly twice what it was worth in May. Meanwhile, Blockchain.com is preparing for an initial public offering (IPO) at a potential $6 billion valuation, well below the $14 billion
Hong Kong stocks suffered a sharp sell-off on Friday. The Hang Seng Index fell 2.6% as investors reacted to surging global bond yields and new pressure on major financial and technology shares. The Hang Seng closed at 23,972, down roughly 640 points and at its lowest level since July. The Hang Seng China Enterprises Index
$BNB Chain has become the first blockchain to cross $1 billion in tokenized stocks and exchange-traded funds (ETFs). The market capitalization of the tokenized stocks and ETFs rose around 17% to $3.35 billion in September from $2.87 billion in August, according to Token Terminal data. The sector’s market cap on $BNB Chain stood at $1.1