Huatai Securities pointed out that the September non farm payroll report fell short of expectations, and the urgency of the Federal Reserve's short-term consecutive interest rate hikes has decreased. Based on a 3-month average, the new non farm payroll was 51000, indicating a stable but tight job market. The non farm payroll weakened in September, coupled with a decrease in wage growth, making it difficult for household consumption to continue its strong performance in August. Forward looking indicator NFIB recruitment willingness shows that non farm payrolls may still be weak in October, and Huatai Securities believes that it is difficult for the Federal Reserve to raise interest rates continuously in October. Under the benchmark scenario, it is expected to raise interest rates again in December. (Source: Jin Shi) AI interpretation: The weakening of non farm employment data directly weakens the necessity of the Federal Reserve's aggressive interest rate hikes in the short term. The cooling of the job market and the slowdown in wage growth have jointly suppressed residents' consumption potential, fundamentally changing the expected path of inflation rebound. The Federal Reserve has entered a substantive wait-and-see phase in the current monetary policy cycle. This trend clearly points to a shift in interest rate policy, and the market's pricing of the pace of interest rate hikes has undergone fundamental adjustments.

NEAR co-founder Illia stated in a post that developers need to focus on product construction and user distribution, and listed potential application directions such as AI Tamagotchi, universal payment components, AI encyclopedia, private OTC market, automatic management lending tools, private code review tools, enterprise equity management system, private medical AI secondary diagnosis and treatment, private meeting recording tools, AI model evaluation platform, Delta Neutral strategy tool, and privacy trading products. Developers can obtain support through NEAR Legion and ensure application compatibility with Aurora Intent Connect.

CryptoQuant analyst Darkfost stated that the total market value of stablecoins has decreased by $14 billion since May, and although it rebounded by $4 billion to $270 billion in September, the current liquidity is still insufficient to support BTC reaching a new high.

NEAR Protocol co creator Illia released a developer project concept on X platform, stating that in the past few weeks, a large number of new and old developers have been building on NEAR, making development easier. The key now is what to do and how to obtain user distribution.

[Stablecoin Market Cap Recovers Slowly, Liquidity Constraints Limit Bitcoin's Break to New Highs] CryptoQuant analyst Darkfost stated that the stablecoin market cap has been recovering slowly, shrinking by $14 billion since May this year. Although the market cap of stablecoins has grown by $4 billion since September, rebounding to $270 billion, the overall recovery remains weak. The market still requires larger-scale liquidity support to drive Bitcoin to reach a new all-time high.