Stani Kulechov: European regulators restricting DeFi access will harm open financial networks

Trump said that if the Democratic Party wins the election, the United States will fall into an unprecedented financial depression.

Absa Group has been approved by South African regulators to provide secure custody, management, and transfer services for digital assets to institutional clients in South Africa. Currently, it supports Bitcoin XRP Ledger、 Ethereum and USDC, with plans to expand to other assets. Rob Downes, head of digital assets at Absa's Enterprise and Investment Banking division, stated that it is expected to expand its services to other customer groups in South Africa in the future and introduce them to other African countries where its business is located after obtaining regulatory approval. (Source: Bloomberg)

[BTC spot main traded 6 large orders with a total amount of 15.35 million US dollars!] Market rhythm shifts abruptly; could there be deeper intentions behind the actions?

In September, the United States added 29000 new jobs, the unemployment rate rose to 4.2%, hourly wages increased by 0.1% month on month, and data for July and August were lowered by about 60000 jobs. The labor force participation rate rose to 61.8%, and market expectations for the Federal Reserve's interest rate hike in October cooled. AI interpretation: The significant slowdown in employment growth and the significant downward revision of the previous value directly reveal the rapid cooling of the supply and demand relationship in the labor market. The rising unemployment rate and sluggish wage growth together constitute irrefutable evidence of the weakening of economic momentum. This data completely eliminates the necessity of raising interest rates in the short term, forcing the market to shift its focus to the Federal Reserve's defensive response to the risk of economic recession. The tightening pressure faced by policy makers has dissipated, and the focus of monetary policy is rapidly shifting towards stabilizing employment.

Kalshi predicts that market pricing shows an 85% probability that the Federal Reserve will keep interest rates unchanged in October. This non farm employment added 29000 people, lower than the market expectation of 84000 people, and the unemployment rate rose to 4.2%. AI interpretation: The significant slowdown in employment growth directly reveals the weak demand in the labor market. The rising unemployment rate further confirms the weakening of economic momentum, providing solid macro support for the Federal Reserve to stop raising interest rates. The market's pricing for maintaining interest rates unchanged reflects deep concerns about the risk of economic downturn. This data completely puts an end to the need for further tightening in the short term and forces policymakers to shift their focus to preventing recession.