Mike Belshe: The CLARITY Act has not been pushed forward, and the US cryptocurrency market is facing systemic risks

Lindsay Rosner, head of fixed income investments for multiple departments at Goldman Sachs Asset Management, said that the weak September employment report makes it unlikely for the Federal Reserve to raise interest rates this month, and another rate hike in December is still a basic expectation. However, continued market pressure and rising energy prices may force the Federal Reserve to take action.

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.