Joseph Brusueiras, Chief Economist of RSM in the United States, believes that both recruitment and layoffs in the US job market are at a low level, and the slight increase in unemployment rate is caused by statistical noise. Currently, the US labor market is in a state of full employment. The weak recruitment growth rate and fluctuations in labor force size support the Federal Reserve's October meeting to maintain the federal funds rate unchanged, and the risk of wage increases triggering a second round of inflation is minimal. The benchmark judgment for monetary policy is to not raise interest rates in October, raise interest rates by 25 basis points in December, and raise interest rates by another 25 basis points in March 2027. (Source: Golden Ten Data) AI interpretation: This viewpoint clearly defines that the current labor market is in a state of full employment and excludes the risk of inflation caused by a wage spiral. Analysts have established the policy tone of the Federal Reserve to maintain interest rates unchanged in the short term through the interpretation of recruitment and layoff data. This judgment negates the necessity of recent interest rate cuts and provides logical support for the subsequent path of interest rate hikes. The market needs to recalibrate its expectations for a shift in monetary policy, as a high interest rate environment will continue to constrain economic activity.

Solana processed 14.2 billion non voting transactions in the third quarter, an increase of 45% compared to the second quarter.

Bank of New York Mellon is in talks with Kraken's parent company Payward for infrastructure cooperation, covering digital assets, custody, trading, payments, wealth management, and other financial market infrastructure. The related services are planned to be provided to banks, exchanges, and asset management institutions through Payward Services.

LPL Financial Chief Economist Jeffrey Roach stated that there is a conflict between the commodity production sector and the service sector, and given the overall weak performance of the labor market, the possibility of the Federal Reserve raising interest rates twice is decreasing. (Source: Jin Shi)

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, stated that after the Senate failed to push the CLARITY Act on September 15th, stablecoin platforms will retain the space to provide balance rewards to customers, while exchanges such as Coinbase will continue to maintain their current state-level licenses and business integration advantages. On September 17th, the US Securities and Exchange Commission (SEC) issued a five-year exemption for tokenized stock trading, benefiting tokenized fund service providers such as Securitize. SEC staff updated the token repurchase guidelines on September 28th, stating that for networks that already have functionality and do not have a centralized party, repurchase announcements do not constitute a commitment that buyers expect to rely on for profits. (Source: Bitcoin.com News)