Hot topics on October 4
Web3 hot topics on October 4
1. US non-farm payrolls increased by 254,000 in September
The seasonally adjusted non-farm payrolls in the United States increased by 254,000 in September, with an expected increase of 140,000, and the previous value was revised from 142,000 to 159,000. The US unemployment rate in September was 4.1%, with an expected 4.2% and a previous value of 4.20%, the lowest since June 2024.
2. Standard Chartered Bank recommends investors to buy BTC on dips
Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, said that gold is a geopolitical hedging tool and BTC is not a safe haven against geopolitical risks. But BTC can hedge against TradFi issues such as bank failures or de-dollarization and US Treasury problems.
3. US employment data drives the dollar up
According to Jinshi, analyst Nour said that the dollar rose to an intraday high after the United States released shocking employment data. As long as the "exceptionalism" of the US economy continues to suppress bets on the Fed's rate cuts, the dollar's rally can continue further.
4. PayPal completes its first commercial transaction using PYUSD
PayPal completed its first commercial transaction using its PYUSD stablecoin. It paid an invoice to multinational accounting firm Ernst & Young. PavPal relies on the enterprise-level digital currency center to complete the transaction when paying the invoice, and the funds have been deposited into the accounting firm's Coinbase account.
5. Trump and Harris have a 50% chance of winning
On October 4, according to the prediction market Polvmarket data, Trump and Harris's chances of winning are deadlocked, and both have a 50% chance of winning. According to the schedule, there are still 32 days until the US election.
