1. The U.S. ADP reported 143,000 new jobs in September, compared with expectations of 120,000
The United States announced that the number of new ADP jobs in September was 143,000, which was expected to be 120,000. The previous value was revised from 99,000 to 103,000. ADP (Automatic Data Processing) is the abbreviation of the American Automatic Data Processing Company. The US ADP employment data is released by the US Department of Labor on the first Wednesday of each month.
Bitcoin miners' revenue in September was $816 million, the lowest in a year
In September, Bitcoin miners' revenue was US$816 million in US dollars, the lowest in the past year. Among them, the revenue from Bitcoin network transaction fees that month was only US$13.86 million, the lowest since the birth of BRC-20 in March 2023.
Read the original article
3. Bitwise filed the S-1 filing for the first XRP exchange-traded fund (ETF)
Bitwise has filed the first S-1 application for an XRP exchange-traded fund (ETF), becoming the first company to apply for an XRP-based spot ETF. The application was submitted to the U.S. Securities and Exchange Commission on Wednesday morning. Bitwise CEO Hunter Horsley said XRP is one of the most recognizable and enduring assets in the crypto space and has the potential to attract mainstream investors.
Read the original article
4.QCP Capital: Geopolitical risks are rising, but global easing policies may support risky assets
QCP Capital's latest report points out that as the conflict between Israel and Iran escalates, despite rising geopolitical risks, the reaction of traditional financial markets is relatively mild, with the S&P index falling only 1% and WTI crude oil rising 2%. In contrast, the crypto market has been hit harder, with BTC falling 4% and currently finding support at the 60k mark, but if the situation deteriorates further, prices may fall to 55k. QCP mentioned that although the situation in the Middle East has occupied the market focus in the short term, the market demand for risky assets remains strong, and the greater opportunities brought by the global macroeconomic situation should not be ignored. China's current economic policies are similar to those of Japan in the 1990s. A large influx of liquidity and potential fiscal support may drive asset prices up, and this optimism may spread to global markets, including crypto assets.
Read the original article
5. Indiana man pleads guilty to cyber intrusion and theft of more than $37 million in cryptocurrency
The U.S. Attorney's Office said a 21-year-old Indiana man, Evan Light, pleaded guilty to cyber intrusions and thefts of more than $37 million in cryptocurrency from nearly 600 victims. The stolen cryptocurrency was transferred to multiple locations around the world, including multiple mixing services and gambling sites. The statement said Light was assisted by "one or more unidentified" persons. Light could face up to 20 years in prison for each charge he pleaded guilty to.
Read the original article
6. More than a dozen blockchain companies accidentally hired IT workers from North Korea
North Korea infiltrated the crypto industry by forging identities, and more than a dozen blockchain companies inadvertently hired IT employees from North Korea, including well-known projects such as Cosmos Hub, Injective, Fantom, Sushi, and Yearn Finance. The investigation found that these North Korean employees successfully passed interviews and background checks with false identities and transferred their salaries to blockchain addresses associated with the North Korean government. It is estimated that North Korean IT workers raise up to $600 million for the country's regime each year, partly to fund its nuclear weapons program. In addition, some companies that hired North Korean employees were hacked afterwards, including Sushi, which had $3 million stolen in 2021 due to malicious code.
Read the original article
