Chicago Fed Estimates US Unemployment Rate Remains Largely Unchanged
On Monday, October 27th, the Federal Reserve Bank of Chicago released an estimate. It shows that the U.S. unemployment rate has remained relatively stable in the past two months. The government shutdown has led to a delay in the release of official data. The real-time unemployment rate forecast from the regional Fed indicates that the October unemployment rate is 4.35%, compared to 4.34% in September.
The latest official data released by the U.S. Bureau of Labor Statistics in early September showed that the August unemployment rate was 4.3%. The Chicago Fed stated that its estimate may only partly reflect the furlough of federal employees due to the government shutdown. Its methodology combines data from official sources and channels in the private sector, such as job websites, surveys, and payroll companies. (FXStreet)
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US Stock Market Opening Boosts Crypto Stocks, ABTC Surges by 7.65%, MSTR Rises by 2.81%
On October 27th, based on market data, the three major U.S. stock indexes opened higher. The Dow increased by 0.6%, the S&P 500 rose by 0.9%, and the Nasdaq went up by 1.4%. Cryptocurrency stocks witnessed a general rise, including:
Coinbase (COIN) rose by 0.97%.
Circle (CRCL) rose by 0.2%.
MicroStrategy (MSTR) rose by 2.81%.
Bullish (BLSH) rose by 3.95%.
Bitmine (BMNR) rose by 5.65%.
SharpLink Gaming (SBET) rose by 5.17%.
BTCS (BTCS) rose by 3.44%.
BNB Network Company (BNC) rose by 0.26%.
ALT5 Sigma (ALTS) rose by 1.61%.
American Bitcoin (ABTC) rose by 7.65%.
New SOL Treasury Stock Helius (HSDT) rose by 4.03%.
BTC Treasury Stock Kindly MD (NAKA) rose by 4.86%.
New Stock Figure (FIGR) rose by 3.93%.
6 minutes ago
U.S. Stock Market Listed Company Prenetics Raises $46.8 Million to Advance Bitcoin Treasury Strategy
On October 27th, as per Coindesk, the U.S.-listed health tech company Prenetics (PRE) successfully completed a $46.8 million oversubscribed equity financing round. This financing will be utilized to expand its health brand IM8 globally and expedite its Bitcoin treasury strategy. If all warrants are exercised, the total funding amount may reach $212 million. The investors include Kraken, Exodus, and others. The company intends to purchase 1 Bitcoin daily with the aim of achieving $1 billion in revenue and holding a certain amount of Bitcoin within five years. The IM8 brand achieved an annual recurring revenue of $100 million in just 11 months.
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「100% Win Rate Whale」 Increases Long Position by 100 BTC and approximately 2000 ETH, with a total position value of 418 million US dollars
On October 27th, according to the monitoring of HyperInsight (accessible via https://t.me/HyperInsight and targeted at _blank), a mysterious whale (0xc2a) that has achieved a 100% winning rate in multiple contract trades since October 14th continued to increase its long position by 100 BTC within the past 10 minutes. At the same time, it increased its long position by approximately 2000 ETH. It is still actively adding to its position. As of the time of writing, the value of its holdings has reached $418 million. The current positions are as follows:
· BTC (13x): $221 million, with unrealized gains of $5.99 million.
· ETH (5x): $196 million, with unrealized gains of $8.39 million.
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Solana is partnering with Trends.fun to hold the "Solana x402 Hackathon" event
On October 27th, Mable, the founder of Trends.fun, posted on the social platform X suggesting to hold the "x402 Solana Hackathon" event in order to discover promising AI payment projects. This proposal received support from Jacob Creech, who is the head of Solana's global developer ecosystem.
Earlier today, toly, the founder of Solana, posted stating that "x402 is very good." This tweet brought toly $5500 USD in creator rewards on the Trends.fun platform. Subsequently, Mable suggested that toly should donate all the creator rewards received on the day of the hackathon to support the x402 Hackathon event.
6 minutes ago
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