Weekly Report of the Week
Last Week Review:
I. Important Events
1. Mt. Gox address transferred out 500 BTC again after 2 months.
2. BNB Chain completed the 29th BNB quarterly destruction, destroying BNB worth $1.07 billion.
3. Russia lifted the ban on Bitcoin mining and plans to build mining and artificial intelligence facilities in BRICS countries.
4. Trump tweeted to celebrate the 16th anniversary of the Bitcoin white paper.
5. Musk once again called for DOGE, saying that Trump and DOGE will solve the problem of illegal entry into the United States.
II. Important Data
1. US ADP employment in October (10,000 people) Previous value: 15.9 Forecast value: 11.4 Announced value: 23.3 (bullish)
2. US initial jobless claims for the week ending October 26 (10,000 people) Previous value: 22.8 Forecast value: 23 Announced value: 21.6 (bullish)
3. US core PCE price index annual rate in September. Previous value: 2.7% Forecast value: 2.6% Published value: 2.7% (bad news)
4. US unemployment rate in October. Previous value: 4.1% Forecast value: 4.1% Published value: 4.1% (good news)
5. US non-farm payrolls in October (10,000 people) Previous value: 22.3 Forecast value: 11.3 Published value: 1.3 (bad news)
III. BTC, ETH (ETF) net inflow/outflow data statistics
BTC (ETF) net inflow of US$2.172 billion last week.
ETH (ETF) net inflow of US$13 million last week.
This week's focus:
1. The 2024 presidential election will be held in the United States on November 5.
2. The interest rate decision of the British central bank for the week ending November 7 will be announced at 20:00 on November 7.
3. The number of initial jobless claims in the United States for the week ending November 2 will be announced at 20:30 on November 7.
4. The US Federal Reserve’s interest rate decision for the period from November 7 to November 7 will be announced at 03:00 on November 8.
5. Federal Reserve Chairman Powell will hold a monetary policy press conference at 03:30 on November 8.
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