**Cryptocurrency and DeFi News**

- The U.S. added 254,000 jobs in September, well above economists’ forecasts of 140,000.

- The unemployment rate fell to 4.1% from 4.2% in August.

- Average hourly earnings rose 0.4% month-on-month and 4.0% year-on-year.

- Bitcoin is trading at $61,500, up 1.5% in the past 24 hours.

- CoinDesk analyst James Van Straten noted that a strong U.S. economy is reducing uncertainty in the crypto market.

- The likelihood of a 50 basis point Fed rate cut in November has fallen to 11%.