1. The global stock market sell-off intensified, and the Japanese and Korean stock markets fell collectively today. The US stock index futures continued to fall, and the Nasdaq futures fell by more than 6% at one point.

2. Traders began to bet that the Federal Reserve would cut interest rates by 25 basis points in an emergency in the next week.

3. Fed Goolsbee: The employment data was lower than expected, but there was no sign of a recession yet.

4. The US 2-year Treasury yield fell below the 10-year Treasury yield for the first time since July 2022, ending the inversion.

My crypto dream....