Cryptoz
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❗️SEC appealed the court's decision in the Ripple case.

And this is all Ripple is squeezing 😂

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#opinion
🤔 Standard Chartered predicts BTC correction below $60,000 before weekend due to situation in Middle East…

Advises investors to “view the decline as a buying opportunity” as growth above $80,000 by the end of the year is possible. (TheBlock)

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🇺🇸 US Macro Data:

▪️ ISM Non-Manufacturing Purchasing Managers Index (Sep)

ACTUAL: 54.9
FORECAST: 51.7
PREV: 51.5

▪️ ISM Non-Manufacturing PMI (Sep)

ACTUAL: 59.9
PREV: 53.3

▪️ ISM Non-Manufacturing Employment (Sep)

ACTUAL: 48.1
PREV: 50.2

▪️ ISM Non-Manufacturing Price Index (Sep)

ACTUAL: 59.4
FORECAST: 56.3
PREV: 53.0

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#onchain #mining
🎯 Miners stop selling Bitcoin – the inflow of funds from their wallets to exchanges is gradually decreasing (CryptoQuant)

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#opinion
🤔 JPMorgan: Growing geopolitical tensions and the upcoming US presidential election are pushing investors to buy Bitcoin and Gold.

+ people choose BTC and Gold as a store of value.

Reasons: ongoing concerns about inflation, large government deficits in major economies, declining trust in fiat.

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Media is too big
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🎬 HBO has announced a documentary that promises to reveal the identity of Satoshi Nakamoto.

“This information could send shockwaves through global financial markets if many people believe it.”

The film will be released next Wednesday.

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#records
🇺🇸 ISM Services PMI – record growth rate since February 2023 (Bloomberg)

After the publication of today's macro data, the network is actively discussing the topic of "recession and economic uncertainty".

Given the incoming macro data, the #Fed is likely to cut the rate by 25 bp in November - BMO Capital Market

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🔥 US Macro Data:

▪️ Unemployment Rate (Sep)

ACTUAL: 4.1%
FORECAST: 4.2%
PREV: 4.2%

▪️ Nonfarm Payroll Change (Sep)

ACTUAL: 254K
FORECAST: 147K
PREV: 159K

▪️ Average Hourly Earnings (YoY) (Sep)

ACTUAL: 4.0%
FORECAST: 3.8%
PREV: 3.9%

▪️ Average Hourly Earnings (MoM) (Sep)

ACTUAL: 0.4%
FORECAST: 0.3%
PREV: 0.5%

DUBTD1X2
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🧐 Who will be portrayed as Satoshi Nakamoto in the HBO film ? Betting is already underway on Polymarket...

The most likely candidate is Len Sasseman.

▫️Len Sasseman committed suicide in 2011 after struggling with depression.

▫️He is considered the creator of Bitcoin due to his numerous academic papers on cryptography, which often demonstrated a strong ideological commitment to the principles of privacy and decentralization.

▫️Adding to the speculation, the date of their disappearance coincides. Len Sasseman committed suicide shortly after Satoshi Nakamoto stopped posting on BTCTalk.

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💥 FedWatch: The probability of a 50 bp #Fed rate cut at the November meeting has decreased! (30.7%)

Now 69.3% of investors expect a 25 bp cut.

▪️The US employment rate exceeded all forecasts, showing the largest increase since March 2024 #records

▪️The unemployment rate unexpectedly fell, dispelling fears of a significant deterioration in the US labor market (Bloomberg)

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😳 US National Debt Increased by $345,000,000,000 in the Last 3 Days…

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#usdt
🇺🇸 "Tether is the US government's best friend" (Paolo Ardoino)

"We hold more US Treasuries than Germany, any other competitor or any financial institution in the world" + the issuer complies with all regulatory requirements.

Tether has US Treasuries worth $98,000,000,000+ on its balance sheet

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💵 Fed balance sheet shrinks by $33.1 billion in one week!

▪️Goolsbee, Fed Chair:
- The vast majority of Fed chairs expect a significant interest rate cut in the next 18 months.

▪️Goldman Sachs:
- Today's Nonfarm Payrolls report makes a 50 bp cut in November less likely.
- We expect the Fed to cut the rate in 25 bp increments at the November and December meetings.

▪️JPMorgan and Bank of America:
- We expect the Fed to cut the rate by 25 bp in November. (previously = 50 bp)

📌 Market expectations (#FedRate):
- November 7: 25 bp cut. to 4.50-4.75% (probability already 96.2%) ❗️
- December 18: decrease by 25 bp to 4.25-4.50%.
- January 29, 2025: decrease by 25 bp to 4.00-4.25%.
- March 19, 2025: decrease by 25 bp to 3.75-4.00%.

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💸Bitcoin to Renew ATH in 2025 — Report

In the fourth cycle, Bitcoin is significantly ahead of the usual trend, as a result of which the asset may renew its historical maximum 100 days ahead of schedule, according to a CoinMarketCap report.

Bitcoin cycles closely correlate with halving. At the same time, the asset reaches a new ATH in the range of 518 to 546 days from the halving. Following this trend, we can expect the asset to renew the maximum at the end of 2025 or early 2026.

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🪙 MicroStrategy presented a dream job

The company is looking for a Bitcoin Advocacy Manager.

He will be responsible for organizing and holding the annual Bitcoin for Corporations conference, as well as marketing initiatives for the mass adoption of the first cryptocurrency.

"You are a good fit if...":

🎓 more than five years of experience in organizing events, marketing or related fields (fintech);
🎓 deep understanding of Bitcoin and cryptocurrencies, share a passion for Bitcoin and a desire to bring its implementation closer;
🎓 involved in the blockchain community.

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#calendar
⚡️ Key events calendar for this week

Monday 7th October:
🇨🇳China - No trading - National Day

Tuesday 8th October:
- nothing important

Wednesday 9th October:

❗️HBO documentary release - promises to reveal the identity of Satoshi Nakamoto
🇺🇸Minutes from the last FOMC meeting

Thursday 10th October:
❗️US - CPI Consumer Inflation (Sept)
🇺🇸US - Initial Jobless Claims
🇺🇸US - FOMC Balance Sheet

Friday 11th October:
🇺🇸US - PPI Prom Inflation (Sept) - 🇺🇸WASDE report

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Media is too big
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🪙 Tether announced a documentary about USDT, dedicated to the 10th anniversary of the largest stablecoin.

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#unlock
🔒 TOP token unlocks from October 7 to 13!

▫️#APT - $97.51 million
▫️#CIRX - $91.91 million
▫️#NEON - $19.14 million
▫️#AGI - $17.50 million
▫️#CFX - $16.68 million
▫️#MOCA - $15.73 million
▫️#WLD - $9.73 million

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#opinion
🇨🇳 China may announce additional economic stimulus measures on October 8 or 18 (closer to Q3 macro data) - UBS

“The introduction of new measures in December this year will likely prompt investors to favor Chinese equities over other risk assets.”

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🇺🇸 Robinhood's top lawyer could become SEC chief if Donald Trump wins US presidential election – Politico

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🇧🇭 Bahrain Central Bank launches country's first Bitcoin investment product - ibsintelligence

"The investment product is developed in collaboration with ARP Digital, exclusively for accredited investors."

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