1. The U.S. government transfers 12,300 BTC worth $1.01 billion
The U.S. government transferred 12,267 BTC, valued at $1.01 billion.
2. U.S. initial jobless claims at 197,000, lower than expected, strengthening the Fed's confidence to maintain high interest rates
For the week ending October 3, initial jobless claims in the U.S. were 197,000, with expectations at 200,000. The previous figure was revised from 197,000 to 199,000. (Source: Golden Ten Data) AI interpretation: The initial jobless claims figure is lower than expected and remains at a historically low level, directly proving that demand for labor in the U.S. is extremely strong. Such a tight employment environment supports wage growth, which in turn increases the stickiness of core inflation. This further strengthens the Federal Reserve's resolve to maintain a high interest rate policy, and completely suppresses market expectations for a short-term rate cut. The data clearly signals economic overheating, forcing investors to reassess the duration of the tightening cycle.
3. Fed Governor Waller: More rate hikes needed, will remain flexible on the pace
Fed Governor Waller stated that more rate hikes are necessary, but the pace will remain flexible.
4. Fed official Musalem: Interest rates should be raised in the next 6 to 9 months to curb inflation
Fed official Musalem said interest rates should be raised over the next 6 to 9 months.
5. Brent crude surpasses $104/barrel, up over 4%; WTI crude rises 3.93% to $91.747/barrel
6. CFTC Chairman Mike Selig: The crypto industry is returning to the U.S.; Regulatory clarity will help retain the industry
U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig stated on X that the United States will no longer stand by as crypto business flows abroad and other countries set the standards. The crypto industry is returning to the U.S., and clear regulatory rules will help keep the industry in the country and let the U.S. lead its development.
7. ESMA requires EU crypto firms to halt non-compliant stablecoin services by January 8, 2027
The European Securities and Markets Authority (ESMA) requires EU crypto-asset service providers with MiCA authorization to halt services involving non-compliant MiCA stablecoins to EU clients, and to address any existing exposures no later than January 8, 2027. The guidelines cover trading platforms, exchange services, order execution, custody, transfer, investment advice, and portfolio management. ESMA requires firms to implement technical, contractual, and organizational measures to prevent EU clients from acquiring or increasing exposure to unauthorized stablecoins. Regulators may permit firms to provide limited services such as clearing, conversion, withdrawal, transfer, and custody to help clients exit existing positions, but such activities must be temporary and subject to strict supervision. This update extends the guidelines ESMA published in January 2025.
8. Standard Chartered announces launch of Bitcoin custody services in Singapore
Standard Chartered announced it will launch Bitcoin custody services in Singapore this year.
Above are the key highlights of the past 24 hours.
