AiCoin Daily Report (October 04)

1. Bank of America predicts that the Fed may start cutting interest rates in October.

The latest forecast from Bank of America indicates that the Fed may start lowering interest rates in October this year, which is earlier than the previously expected December. This adjustment reflects the market's sensitivity to changes in the economic environment and a reassessment of the direction of monetary policy. -Original text

2. The U.S. non-farm payroll data for September was not released as scheduled due to the government shutdown, marking the first time in 12 years.

Due to the "shutdown" of the U.S. federal government, the U.S. Bureau of Labor Statistics failed to release the September non-farm payroll report as scheduled at 20:30 Beijing time. This is the first occurrence of such a situation since 2013. That year, due to the government shutdown, the non-farm data originally scheduled to be released on October 4 was postponed to October 22. The affected economic data this time also includes initial jobless claims, construction spending month-on-month, factory orders month-on-month, and durable goods orders month-on-month. According to U.S. media reports, the Senate will vote again on October 3 regarding the temporary funding bill to extend federal government funding. If it is not passed, the government shutdown may continue into next week. -Original text

3, Goldman Sachs: US unemployment claims rise to 224,000

On October 3, Goldman Sachs analysis showed that for the week ending September 27, the number of first-time unemployment claims in the United States rose to 224,000, up from the previously reported 218,000. This data is based on raw data released by the states and is seasonally adjusted. Due to the government shutdown, the Labor Department did not release the weekly report, and the September employment report has also been postponed. -Original text

4. Deutsche Bank completes its first euro cross-border payment transaction through a blockchain platform.

Deutsche Bank announced the successful completion of its first euro-denominated cross-border payment transaction through the blockchain platform Partior. This transaction was processed in real-time, with the recipient being DBS. Partior is a blockchain platform invested in by Deutsche Bank, aimed at enhancing the efficiency and transparency of cross-border payments. -Original text

5. 26.55 million ENA tokens have been unlocked, flowing into exchanges in large quantities.

The Data Nerd shows that in the past 24 hours, 26.55 million ENA tokens (approximately 16.6 million USD) have completed the unlocking process for investors. Most of these tokens have been deposited into cryptocurrency exchanges, which may impact market liquidity and price trends. -Original text

6. Coinbase applies for a national trust company license in the United States.

According to Jinse Finance, Coinbase is applying for a national trust company license from the Office of the Comptroller of the Currency (OCC) to expand its business scope. -Original text

7. The Ethereum Foundation sold 1000 ETH for stablecoins.

The Ethereum Foundation exchanged 1,000 ETH (approximately $4.5 million) for stablecoins through CoW Swap, for research and development funding, grants, and support for DeFi projects. -Original

8. Fed Governor Mylan: There is ample room for interest rate cuts, staying away from zero interest rates.

On October 4th, Fed Governor Milan stated that this year's policy has tightened and plans to provide the necessary data before the October FOMC meeting. He believes that the Fed's neutral interest rate perspective is consistent, and there is currently ample room for rate cuts, with a significant distance remaining from the zero lower bound.

The above is the selection of hot topics in the last 24 hours. For faster news, please download AiCoin ()