🚀 Economists Predict Rebound in Employment After Weak July Report
#Economics #Employment #JobMarket #Unemployment #FederalReserve #InterestRates #Recession #JobGrowth
According to Odaily, a Bloomberg survey indicates that economists generally expect a rebound in employment following a weak report in July. The forecast suggests an increase of 165,000 non-farm jobs and a slight decrease in the unemployment rate to 4.2%. The previous month's data showed a significant underperformance, with only 114,000 non-farm jobs added, far below the expected 175,000, and the unemployment rate rising from 4.1% to 4.3%, the highest since October 2021.
If weak employment data continues for a second consecutive month, it may reinforce the market's belief that the Federal Reserve's high-interest rates have been maintained for too long. Currently, the U.S. benchmark interest rate is at its highest level in 23 years, ranging from 5.25% to 5.5%, which could increase the likelihood of an economic recession.#Economics #Employment #JobMarket #Unemployment #FederalReserve #InterestRates #Recession #JobGrowth
🚀 Nobel Laureate Stiglitz Criticizes Fed's Rapid Rate Hikes
#NobelLaureate #JosephStiglitz #FederalReserve #InterestRates #MonetaryPolicy #Inflation #Economics #RateHikes #JPMorgan #NonFarmPayroll
According to Odaily, Nobel Prize-winning economist Joseph Stiglitz expressed his concerns on Friday at a forum in Cernobbio, Italy, stating that the Federal Reserve has moved 'too far, too fast' with its monetary policy tightening. Stiglitz emphasized that the Fed should consider lowering interest rates by 50 basis points in its upcoming meeting. He criticized the central bank for exacerbating inflation issues through its aggressive rate hikes.
Stiglitz's comments came ahead of the release of the non-farm payroll data for August, which investors are closely monitoring for indications of the Fed's potential rate cut this month. Stiglitz, who was awarded the Nobel Prize in Economics in 2001 for his market analysis, joined JPMorgan's chief U.S. economist in calling for a significant rate cut this month.#NobelLaureate #JosephStiglitz #FederalReserve #InterestRates #MonetaryPolicy #Inflation #Economics #RateHikes #JPMorgan #NonFarmPayroll
🚀 Libre Launches Web3 Protocol To Bring Investment Funds To Aptos Network
#Libre #Web3 #Aptos #InvestmentFunds #Tokenization #DeFi #Blockchain #RealWorldAssets #TradFi #Cryptocurrency #SmartContracts #AssetTokenization #CollateralizedLending #MarketNeutralFund #APT
According to Cointelegraph, infrastructure provider Libre is introducing a new Web3 protocol aimed at bringing investment funds to the Aptos network. The initial funds to be deployed on the Aptos layer-1 include Brevan Howard Master Fund, Hamilton Lane’s Senior Credit Opportunities Fund, and BlackRock’s ICS Money Market Fund, which collectively manage over $91 billion in assets.
Libre, a joint venture between WebN Group and Nomura’s Laser Digital, will act as the core infrastructure for integrating real-world assets (RWAs) on Aptos. Libre’s Gateway DeFi DApps will enable accredited, professional, and institutional investors to access these funds onchain. This initiative follows previous deployments of the same portfolio on the Solana and Near blockchains.
Tokenization, the process of converting real-world assets into digital tokens, allows for fractional ownership and trading on blockchain systems. This method is particularly beneficial in private equity markets, where it enables smaller investors to trade and gain exposure to large, illiquid assets. Data from Dune Analytics indicates that over $1.6 billion in securities had been tokenized as of September 5, with global bank Citi predicting the tokenization market could reach $5 trillion by 2030.
Mo Shaikh, co-founder and CEO of Aptos Labs, highlighted that Libre is leveraging Aptos Ascend, a product developed by Aptos Labs, to deliver new asset classes and financial services. This ensures users benefit from the reliability and sophistication of traditional finance (TradFi) combined with the decentralization and security provided by the Move programming language on Aptos.
The Libre protocol, which went live in the first quarter of 2024, supports asset tokenization and smart contracts on the Polygon network. It also facilitates collateralized lending and automated rebalancing of separately managed accounts (SMAs), and offers crypto-native funds, including Laser Digital’s new Market Neutral Fund.#Libre #Web3 #Aptos #InvestmentFunds #Tokenization #DeFi #Blockchain #RealWorldAssets #TradFi #Cryptocurrency #SmartContracts #AssetTokenization #CollateralizedLending #MarketNeutralFund #APT
🚀 Market Awaits US Nonfarm Payroll Data Amid Volatility Concerns
#USNonfarmPayroll #MarketVolatility #ImpliedVolatility #UnemploymentRate #EconomicData #Deribit
According to Odaily, Deribit's Asia-Pacific Business Head, Lin, stated on the X platform that the market is anxiously awaiting the release of the US nonfarm payroll data at 8:30 PM UTC+8. The implied volatility (IV) in the options market has surged as a result. The current market sentiment is highly sensitive, and if the data is unfavorable, with the unemployment rate falling below 4.3%, a significant downturn is expected.#USNonfarmPayroll #MarketVolatility #ImpliedVolatility #UnemploymentRate #EconomicData #Deribit
🚀 JPMorgan Reports Decline in Cryptocurrency Market Value
#JPMorgan #Cryptocurrency #MarketValue #Decline #ResearchReport #RetailParticipation #CryptoEcosystem #MacroeconomicFactors
According to Odaily, JPMorgan released a research report on Friday indicating that the total market value of cryptocurrencies stood at $2.02 trillion at the end of last month, marking a 24% decline from its peak in March. The report suggests that the market is currently awaiting the next catalyst to boost retail participation.
Led by analyst Kenneth Worthington, the team stated, 'Overall, we still believe the crypto ecosystem lacks significant catalysts, and therefore, we expect crypto token and asset prices to become more sensitive to macroeconomic factors.'#JPMorgan #Cryptocurrency #MarketValue #Decline #ResearchReport #RetailParticipation #CryptoEcosystem #MacroeconomicFactors
🚀 DWallet Network Rebrands To Pera To Enhance Project Development
#DWalletNetwork #Pera #Rebrand #ProjectDevelopment #ZeroTrustProtocol #DigitalAssets #Blockchain #DeveloperAccess #ZTP
According to Odaily, dWallet Network has rebranded itself as Pera in an effort to further advance the project and focus on simplifying developer access to Zero Trust Protocol (ZTP). The platform's core functionality remains unchanged, continuing to securely manage digital assets across multiple networks. The dWallet primitives still serve as the foundational building blocks that support the seamless operation of Zero Trust Protocol across various blockchains.#DWalletNetwork #Pera #Rebrand #ProjectDevelopment #ZeroTrustProtocol #DigitalAssets #Blockchain #DeveloperAccess #ZTP
🚀 Morgan Stanley Predicts Market Volatility Due To Employment Data
#MorganStanley #MarketVolatility #EmploymentData #FederalReserve #StockOptions #SP500 #ETFs #MacroeconomicData #Volatility
According to BlockBeats, on September 6, Morgan Stanley's sales and trading department indicated that the accumulation of positions and significant uncertainty regarding the Federal Reserve's interest rate decisions could lead to substantial market volatility triggered by employment data.
Morgan Stanley sales and trading experts, including Amanda Levenberg Goldsmith, stated that stock options suggest Friday's employment report will cause significant market movements. They added that such pricing is reasonable because the uncertainty surrounding the Federal Reserve's actions in two weeks is unprecedented, at least in this cycle.
The implied volatility of the S&P 500 index remains lower than the actual volatility, indicating that the stock market is becoming increasingly sensitive to macroeconomic data. Morgan Stanley's sales and trading department noted that options imply the S&P 500 index will fluctuate by 1.1% in either direction on Friday, while ETFs tracking the Russell 2000 and Nasdaq 100 indices suggest fluctuations of 1.84% and 1.37%, respectively.#MorganStanley #MarketVolatility #EmploymentData #FederalReserve #StockOptions #SP500 #ETFs #MacroeconomicData #Volatility
🚀 Symbiotic Launches Decentralized Frontend on Privacy-Preserving ENS Gateway
#Symbiotic #DecentralizedFrontend #Privacy #ENSGateway #ETHLIMO #Decentralization #UserSecurity #DeFi
According to Foresight News, the re-pledging protocol Symbiotic has announced the launch of its decentralized frontend on the privacy-preserving ENS gateway, ETH.LIMO. This development marks a significant step in enhancing privacy and decentralization within the Symbiotic ecosystem. The integration with ETH.LIMO aims to provide users with a more secure and private way to interact with the protocol, leveraging the privacy features of the ENS gateway. This move is expected to bolster user confidence and promote wider adoption of decentralized finance solutions.#Symbiotic #DecentralizedFrontend #Privacy #ENSGateway #ETHLIMO #Decentralization #UserSecurity #DeFi
🚀 US August Unemployment Rate Drops to 4.2%, Meeting Market Expectations
#US #UnemploymentRate #LaborMarket #EconomicIndicators #MarketExpectations
According to BlockBeats, the United States' unemployment rate for August has decreased to 4.2%, aligning with market expectations. This figure marks a decline from the previous month's rate of 4.3% and represents the lowest level since June of this year. The drop in the unemployment rate follows four consecutive months of increases, indicating a potential shift in the labor market's trajectory.#US #UnemploymentRate #LaborMarket #EconomicIndicators #MarketExpectations
🚀 Investors Anxious Over US Nonfarm Payroll Data, Nasdaq Futures Drop
#Investors #USNonfarmPayroll #Nasdaq #StockMarket #EmploymentData #UnemploymentRate #MarketAnxiety
According to BlockBeats, on September 6, AJ Bell Investment Director Russ Mould indicated that investors are feeling uneasy about the upcoming US nonfarm payroll data. The US stock futures opened weak, with the Nasdaq index falling by 1.2% and the VIX fear index rising. Over the past few months, the US nonfarm payroll data has caused significant disruptions in the stock market twice, and there may be more impacts this time. The market generally expects an increase of 160,000 new jobs in August, with the unemployment rate projected to decrease from 4.3% to 4.2%. Meanwhile, attention will also be on the revisions to historical data.#Investors #USNonfarmPayroll #Nasdaq #StockMarket #EmploymentData #UnemploymentRate #MarketAnxiety
🚀 US August Nonfarm Payrolls Increase By 142,000
#US #NonfarmPayrolls #JobMarket #Employment #Economy
According to Odaily, the United States saw an increase of 142,000 in seasonally adjusted nonfarm payrolls for August, falling short of the expected 160,000. The previous figure was revised down from 114,000 to 89,000. This marks the largest increase since June this year.#US #NonfarmPayrolls #JobMarket #Employment #Economy
🚀 Bitcoin Market Volatility Expected To Persist Amid Potential Rate Cuts
#Bitcoin #MarketVolatility #RateCuts #InstitutionalInvestments #ETFs #CryptoMarket #BTC
According to Odaily, OTC Capital CEO Brian Dixon has indicated that Bitcoin market volatility is likely to continue in the face of potential interest rate cuts. Dixon noted that while institutional investments and ETFs might play a crucial role in shaping market stability, volatility is expected to persist.#Bitcoin #MarketVolatility #RateCuts #InstitutionalInvestments #ETFs #CryptoMarket #BTC
🚀 Libre Expands Tokenized Fund Pools To Aptos Blockchain
#Libre #Aptos #TokenizedFunds #DeFi #InvestmentFunds #Blockchain #Web3 #Nomura #LaserDigital #BrevanHoward #HamiltonLane #BlackRock #APT
According to Foresight News, infrastructure provider Libre, established by WebN Group and Nomura's Laser Digital, is set to expand its tokenized fund pools to the Aptos blockchain. This move will introduce large investment funds to the platform. Libre's Gateway DeFi DApp will enable certified professional and institutional investors to access on-chain funds. The initial funds to be integrated include Brevan Howard's main fund, Hamilton Lane's Senior Credit Opportunities Fund, and BlackRock's ICS Money Market Fund. Previously, Libre had launched on Solana and NEAR.
Laser Digital is the cryptocurrency division of financial services company Nomura. WebN Group is a fintech and Web3 incubator founded by Laser Digital and Brevan Howard co-founder Alan Howard.#Libre #Aptos #TokenizedFunds #DeFi #InvestmentFunds #Blockchain #Web3 #Nomura #LaserDigital #BrevanHoward #HamiltonLane #BlackRock #APT
🚀 US Non-Farm Employment Numbers Revised Downward for June and July
#US #NonFarmEmployment #JobStatistics #LaborMarket #EmploymentNumbers #EconomicData
According to BlockBeats, the U.S. Bureau of Labor Statistics has revised the non-farm employment numbers for June and July. The June non-farm employment increase has been adjusted from 179,000 to 118,000, while the July figures have been revised from 114,000 to 89,000. These revisions indicate a combined decrease of 86,000 jobs for the two months compared to the initial estimates.#US #NonFarmEmployment #JobStatistics #LaborMarket #EmploymentNumbers #EconomicData
🚀 Senator Warren Supports DOJ Investigation Into Nvidia
#SenatorWarren #DOJ #Nvidia #Investigation #Blockchain
According to BlockBeats, on September 6, Business Insider reported that U.S. Senator Elizabeth Warren has expressed her support for the Department of Justice's investigation into Nvidia (NVDA.O).#SenatorWarren #DOJ #Nvidia #Investigation #Blockchain
🚀 Ethereum(ETH) Surpasses 2,400 USDT with a 0.65% Increase in 24 Hours
#Ethereum #ETH #USDT #cryptocurrency #binance #marketdata #priceincrease #blockchain
On Sep 06, 2024, 12:37 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,400 USDT benchmark and is now trading at 2,402.969971 USDT, with a narrowed 0.65% increase in 24 hours.#Ethereum #ETH #USDT #cryptocurrency #binance #marketdata #priceincrease #blockchain
🚀 Traders Increase Bets On Fed's September Rate Cut
#Traders #FederalReserve #RateCut #Finance #Economy #Investing
According to BlockBeats, on September 6, traders have significantly increased their bets on a 50 basis point rate cut by the Federal Reserve in September.#Traders #FederalReserve #RateCut #Finance #Economy #Investing
🚀 Traders Anticipate 50% Chance of Fed Rate Cut This Month
#Traders #FedRateCut #InterestRates #MarketPrediction #Economy
According to Odaily, market sources indicate that traders are predicting a 50% likelihood of the Federal Reserve cutting interest rates by 50 basis points this month.#Traders #FedRateCut #InterestRates #MarketPrediction #Economy
🚀 UniSat Identifies Issue Affecting Fractal Testnet Balance Calculation
#UniSat #FractalTestnet #BalanceCalculation #Cryptocurrency #Blockchain #TechnicalIssue #EligibilityCheck
According to Odaily, UniSat announced on the X platform that it has discovered a minor issue affecting the balance calculation on the Fractal testnet. This problem has led to the exclusion of a few eligible addresses. The team is actively working to resolve the issue and will soon update the status of the eligibility check. Further updates will be communicated promptly.#UniSat #FractalTestnet #BalanceCalculation #Cryptocurrency #Blockchain #TechnicalIssue #EligibilityCheck
🚀 Gold Prices Fluctuate After US August Employment Data Release
#GoldPrices #USEmploymentData #SpotGold #DollarIndex #MarketFluctuation #Investment
According to Odaily, following the release of the US August employment data, spot gold experienced an initial decline followed by a rise, with a short-term fluctuation of $15, currently priced at $2526.01 per ounce. Concurrently, the US Dollar Index (DXY) saw a short-term drop of nearly 60 points, now standing at 100.6.#GoldPrices #USEmploymentData #SpotGold #DollarIndex #MarketFluctuation #Investment