On October 29, the initial estimate of the annualized quarterly rate of real GDP in the United States in the third quarter was 3.4%, higher than the market expectation of 3.2%, and faster than the 2.2% in the previous quarter.

Vanguard holds over $96 million in Bitcoin exposure through Strive. (The Bitcoin Historian)

The number of Americans filing for unemployment benefits for the week ending October 24 was 194,000, compared with expectations of 199,000 and a revised figure of 195,000 for the previous week. AI Interpretation: Initial jobless claims were lower than expected and remained at historically low levels, directly demonstrating extremely strong demand in the US labor market. This tight employment environment supports wage growth, thereby exacerbating the stickiness of core inflation. Faced with such robust employment data, the Federal Reserve has ample confidence to maintain its high-interest-rate policy. The market must correct its previous aggressive bets on loose monetary policy; the high-interest-rate environment will persist for a longer period.

On October 29, Berkshire Hathaway completed a new round of investment of $330 million in Bending Spoons.

A Fidelity Digital Assets report shows that the unrealized profits metric for Bitcoin holders rose from 0.09 to 0.36 last quarter. Historical data suggests that this level typically foreshadows higher returns over the next year. (Source: Bitcoin Magazine)