● September small non-farm ADP added 143,000 jobs, higher than expected
According to CNBC, the number of ADP jobs in the United States in September was 143,000, which was expected to be 128,000. The previous value was revised from 99,000 to 103,000.
● ADP report shows US job market rebounds, manufacturing adds jobs for the first time since April
According to Odaily Planet Daily, the ADP report showed that U.S. job creation rebounded broadly after five months of slowdown, with only the information industry seeing a decrease in jobs and the manufacturing industry adding jobs for the first time since April.
● The US SEC appeals the decision in the Ripple case
The U.S. Securities and Exchange Commission (SEC) appealed the Ripple lawsuit on October 2, attempting to overturn an earlier ruling by Judge Analisa Torres, Cointelegraph reported. Legal experts expect the SEC to appeal Judge Torres' 2023 ruling that Ripple's secondary sales of XRP did not constitute securities sales.
● FOX reporter: Ripple has 14 days to file a counterclaim against the US SEC
According to Golden Finance, FOX reporter Eleanor Terrett posted on social media that Ripple Chief Legal Officer Stuart Alderoty said Ripple is considering filing a counterclaim. This means that Ripple may appeal Judge Torres' ruling on institutional sales or the $125 million fine. Both appeals will be handled in a case in the Second Circuit Court. If Ripple does file a counterclaim, it has 14 days to submit an application, starting tomorrow.
According to Blockworks, Gurbir Grewal, director of the U.S. Securities and Exchange Commission (SEC) enforcement division, will leave this month. Current deputy director Sanjay Wadhwa will serve as acting director starting October 11.
Grewal, who has served in the position since July 2021, said he was proud of his achievements during his tenure and thanked Chairman Gary Gensler for his support. Gensler also praised Grewal's contributions to protecting investors and ensuring market compliance.
Under Grewal’s leadership, the SEC issued 35 cryptocurrency enforcement actions in 2022 and a total of 40 in 2023. The Enforcement Division nearly doubled the size of its Crypto Assets and Cyber Unit in May 2022, bringing the team’s total headcount to 50 people.
● CryptoQuant founder: BTC market sees unprecedented hoarding behavior
According to Odaily Planet Daily, CryptoQuant founder Ki Young Ju said that the current market volatility is just a game of the futures market. Real whales drive BTC up through spot trading and OTC markets, and on-chain data is crucial. Diamond hand whales have not received particularly high returns, and whales that entered the recent bull market have made almost no profit. They are unlikely to sell on trading platforms before liquidity from retail investors begins to flow in. New whale addresses are hoarding BTC like crazy, and the BTC market has never seen such hoarding behavior. New whale addresses have little correlation with ETFs.
● BlackRock and Fidelity’s Bitcoin ETFs rank among the top 10 ETFs launched in the past decade
According to PANews, Bloomberg analyst Eric Balchunas said that about 2,000 ETFs have been launched in the past decade. In terms of total asset management, BlackRock and Fidelity's Bitcoin ETFs are among the top 10. Compared with other ETFs, IBIT and FBTC were launched less than a year ago, making them the youngest top 10 ETFs.
● Solana’s weekly DEX trading volume exceeds Ethereum’s for the first time in 43 days
According to BlockBeats, on October 2, SolanaFloor revealed that the weekly trading volume of DEX on Solana exceeded that of Ethereum for the first time in nearly 43 days. The trading volume of DEX on Solana in the past 7 days was US$9.112 billion, and the trading volume of DEX on Ethereum in the past 7 days was US$9.094 billion.
● TRON Network’s third quarter revenue hits record high, reaching $577 million
According to PANews, TRON founder Justin Sun announced on social media that the total revenue of the TRON network in the third quarter reached US$577 million, setting a record high since the establishment of the protocol and an increase of 43% from the second quarter.
