Currently, buying pressure in the Bitcoin derivatives market is approaching the 8.19 level, and bulls are rallying again.

According to Bitget’s official data, Bitget’s Peer Program has disbursed its first batch of rewards, totaling 1,907,455 USDT to 763,543 users over three days. The campaign will run until October 26. During this period, Bitget will allocate 30% of its platform’s transaction fee revenue to a dedicated user reward pool, offering transaction rewards, asset rewards, and VIP-exclusive benefits to different user groups.

Robinhood Chain’s RWA liquidity and token launch platform Long.xyz has launched an upgrade to its Community Vault LP functionality. The Community Vault now allows direct allocation of stock token liquidity to the USDG/STOCK liquidity pool. Generated LP fees will flow back to the vault, used to compound identical USDG/STOCK LP positions and fund upcoming modules. The feature will first roll out to high-value OG trading pair vaults, then gradually expand to all LONG trading pairs.

According to relevant information, Hyperliquid is expected to receive its first AQAv2 reserve revenue allocation tomorrow (October 3). Approximately $14.5 million in passive income generated from the USDC reserve will flow into the Assistance Fund to be used for HYPE repurchases.

The U.S. will release its September nonfarm payrolls report at 20:30 Beijing time on Friday. A latest Reuters poll shows U.S. September nonfarm payrolls are projected to rise by 90,000, a sharp drop from August’s 162,000, while the unemployment rate is expected to hold steady at 4.1% for the third consecutive month. Following the Federal Reserve’s first interest rate hike in three years in September, this report will serve as a key data point to assess whether the labor market remains resilient and whether further rate hikes are needed in October. Markets are not only focused on the new payroll additions. August’s jobs data came in stronger than expected, but some economists argue this may have been distorted by seasonal adjustment factors, raising the possibility that August’s gain could be revised downward when September’s figures are released. Ahead of the September nonfarm payrolls release, market expectations for another Fed rate hike in October have plummeted. As of Thursday, the market priced in a roughly 28% probability of a rate hike at the Fed’s October 27-28 meeting, down from nearly 69% a week earlier. Therefore, the most critical takeaway from tonight’s jobs report is not just whether nonfarm payrolls hit the 90,000 market consensus. Whether the unemployment rate can stay at 4.1%, wage growth will reaccelerate, and August’s robust 162,000 gain will be revised significantly lower will together shape the market’s assessment of the U.S. labor market’s resilience and the Fed’s next policy path.

Per Bitget market data, Hong Kong stocks closed lower, with the Hang Seng Index down 2.6% and the Hang Seng Tech Index down 2.2%. Xiaomi Group closed nearly 4% lower, Seres Group gained over 6%, while Tencent Holdings and Alibaba both dropped more than 2%. Zhipu AI fell 2.26%, and MINIMAX declined 2.96%.

U.S. federal judge Jennifer L. Rochon has dismissed the class-action lawsuit against Libra project organizers Kelsier Ventures, decentralized finance (DeFi) platform Meteora, and developer Benjamin Chow, while rejecting the plaintiff’s request to amend the complaint. The dismissed charges include fraud, violation of the Racketeer Influenced and Corrupt Organizations Act (RICO), breach of New York State General Business Law, and unjust enrichment. The court ruled that the plaintiff failed to prove Meteora constituted a prosecutable unincorporated association or partnership, nor did it demonstrate Kelsier Ventures had a pattern of racketeering activity sufficient to establish a RICO case. The court also noted that Benjamin Chow’s provision of technical assistance prior to token issuance, and Meteora’s collection of transaction fees, were insufficient to prove fraudulent intent. Libra is a token Argentine President Javier Milei once promoted on social media. Estimates show more than 44,000 investors were affected; Milei has since denied responsibility for the investors’ losses. (Bitcoin.com News)