24/7 Blockchain industry dynamics and breaking crypto news
President Trump announced Europe's agreement to immediately release substantial diesel from well-stocked reserves. This urgent coordination aims to ease global supply pressures, potentially impacting diesel prices and supply chain stability directly.
Read MoreA broad rally swept through cryptocurrency-related stocks as Bitcoin hit its highest level in over a week. Major mining firms and trading platforms saw notable gains, signaling renewed market optimism alongside the rebound of the leading digital asset.
Read MoreCooling U.S. jobs data has sharply reduced market expectations for a Fed rate hike in October, with odds dropping to 17%. Traders now see an 83% chance rates stay unchanged, signaling a potential shift in the policy outlook.
Read MoreOn October 2, NVIDIA's stock price soared past its May peak to set a new record, with market cap reclaiming $5.7 trillion. The company significantly expanded its buyback program to $235 billion and, fueled by robust AI demand reflected in its latest earnings, projects ~70% revenue growth by FY2028, reinforcing confidence in sustained AI infrastructure investment.
Read MoreUS stocks opened higher on Oct 2, with the Dow up 0.62%, S&P 500 gaining 0.9%, and Nasdaq leading with a 1.2% jump. Nike plunged 7.4% on revenue warning, while Tesla rose 2.3% on strong deliveries. Tech stocks drove gains amid mixed sector performance.
Read MoreWhite House economic advisor Hassett expressed confidence in the latest jobs report, noting that private sector employment gains across most industries offset a decline in government jobs.
Read MoreA prominent analyst highlights two crucial Bitcoin resistance levels: A daily close above $86,600 signals bullish momentum, while clearing $87,400 could ignite a powerful rally. These thresholds are key for determining the market's next major move.
Read MoreKey developments on Oct 2nd: US September non-farm payrolls missed expectations, with prior months' data revised down sharply, altering Fed rate hike expectations. Ethereum's EIP-8363 proposal was withdrawn by its authors. EU discussions emerged on releasing strategic diesel and crude oil reserves to address energy shortages.
Read MoreRecent market data shows traders have significantly reduced bets on a Federal Reserve interest rate hike in October. This shift reflects a reassessment of economic data and policy outlook, signaling a potentially more cautious monetary path ahead.
Read MoreU.S. job growth slowed significantly in September, adding only 29,000 jobs with unemployment rising to 4.2%. Rising costs are making employers cautious about hiring, despite strong consumer spending. This shift could influence the Federal Reserve's policy decisions moving forward.
Read MoreGoldman Sachs' Lindsay Rosner suggests a weak September jobs report makes a Fed rate hike in October unlikely. She maintains December as the base case for one more hike, though energy prices and market pressure could alter the path.
Read MoreSpot gold surged nearly $40 to a high of $4226 per ounce following the release of weaker-than-expected U.S. Nonfarm Payrolls data on October 2nd. Silver also broke above $62, gaining 1.67%. The move highlights the immediate impact of key economic indicators on precious metals.
Read MoreOn-chain data reveals a major HYPE holder transferred 71,000 tokens worth $6.48 million to an exchange, likely for profit-taking. The address previously accumulated tokens at a lower cost, and a full sale could yield an estimated $362,000 profit.
Read MoreRonin Waypoint wallet service will cease on October 16. Users with social login or keyless wallets must migrate assets before the deadline. Transfer to Ronin Stash or Ronin Wallet is recommended. bAXS and Badges require separate migration via official portal.
Read MoreBroadcom is reportedly launching a massive $60 billion financing round for AI chips, aiming to support companies like Anthropic. The deal, structured with senior and subordinated debt, signals Wall Street's continued bet on AI infrastructure expansion amid intensifying competition with Nvidia.
Read More