Hot search list: ZEC popularity drops, 24-hour drop of 0.39%

[Bank of America Predicts Federal Reserve May Start Rate Cuts in October] Bank of America's latest forecast indicates that the Federal Reserve might begin rate cuts in October this year, moving up from the previously expected December timeline. This adjustment reflects the market's sensitivity to changes in the economic environment and a reassessment of the direction of monetary policy.

Bitget VIRTUAL/USDT's perpetual trading volume surged 20 times within 10 minutes, with a turnover of 9.03 million US dollars in the past 24 hours, a decrease of 0.31% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[CZ Says He Discovered Two Innovative Meme Coins in the Past Week but Did Not Purchase Them] On October 3, CZ responded to community comments about the 'Binance alliance creating billion-level tokens within 48 hours,' stating that Binance is not a market manipulation cartel. He also mentioned that he discovered at least two innovative Meme coins in the past week but did not purchase them, while acknowledging the community's high level of activity.

[Fitch: Prolonged U.S. Government Shutdown Could Slightly Slow Economic Growth, but Short-Term Impact Limited] According to the latest report from Fitch Ratings, as cited by Jin10 Data, a prolonged U.S. government shutdown could lead to a slight slowdown in economic growth. Fitch noted that the direct short-term impact of a government shutdown on the economy is expected to be relatively limited. However, the report warned that if the disruptions caused by the shutdown persist for an extended period, especially if accompanied by large-scale fund withdrawals or workforce reductions, it could pose a minor drag on U.S. economic growth.

[U.S. September Nonfarm Payroll Data Not Released as Scheduled Due to Government Shutdown, First Time in 12 Years] Affected by the U.S. federal government "shutdown," the U.S. Bureau of Labor Statistics was unable to release the September nonfarm payroll report as planned at 20:30 Beijing time. This marks the first occurrence of such a situation since 2013. At that time, due to a government shutdown, the nonfarm payroll data originally scheduled for release on October 4 was delayed until October 22. Other economic data impacted this time include initial jobless claims, monthly construction spending, monthly factory orders, and monthly durable goods orders. According to U.S. media reports, the Senate is set to vote again on October 3 on a temporary funding bill to extend federal government funding. If the bill is not passed, the government shutdown could continue into next week.