Gate.io Launches INIT Perpetual Contract Pre-trading

November 20th. Based on CME's "FedWatch" data, once the US September unemployment rate and non-farm payroll data are released at 21:30 tonight, the likelihood of a 25-basis-point interest rate cut by the Fed in December is 41.6%, which is higher than the pre-announcement value of 27.8%, while the probability of no change stands at 58.4%. Previously, reports showed that the US September unemployment rate was 4.4%, which is higher than the expected 4.30% and the previous value of 4.30%. The US September seasonally adjusted non-farm employment increased by 119,000, surpassing the expected 50,000, and the previous value was revised from an increase of 22,000 to a decrease of 0.4 thousand. In the US, the number of initial jobless claims for the week ending November 15th was 220,000, with an expectation of 230,000.

On November 20th, the US September unemployment rate increased. The three major stock market indexes in the US opened higher. The Dow rose by 500 points. The S&P 500 Index rose by 1.5%. The Nasdaq rose by 2.1%. Nvidia (NVDA.O) rose by 4.6% as its Q3 earnings exceeded expectations. Google A (GOOGL.O) further rose by 3.7% because the Gemini 3 model set multiple benchmark test records. (FX168)

November 20th: An institutional analyst assesses the US September non-farm payrolls. It is very difficult to assess the probability of the Fed cutting rates in December. Market pricing once again approaches a 50% probability. The Beige Book may again be a decisive factor as there will be no new CPI or employment reports available before the December meeting. For long-term rates, if the Fed guides the market's attention to a rate cut in January at the meeting, then a rate cut in December becomes unimportant. Therefore, in my opinion, all concerns about whether a rate cut will occur in December are only meaningful to short-term rate traders. (FX678)

On November 20th, Jay Hatfield, an analyst at Infrastructure Capital, stated that the Federal Reserve is not anticipated to cut interest rates in December unless the employment data is extremely weak. However, the data is completely contrary to the expectations of his team. "We still anticipate that the Fed will maintain stability in December. We are confident that inflation is gradually decreasing, and there will be four interest rate cuts next year after the new Fed chairman takes office. Therefore, the 10-year Treasury yield should remain around 4%, which is positive for the stock market." (FX678)

On November 20th, according to HTX market data, Bitcoin fell below $91,000, with a 24-hour percentage change of -0.34%.

On November 20th, Nillion put out a statement stating, "A particular market maker sold NIL tokens without obtaining proper authorization from the Nillion Association. During the flash sale and the subsequent hours, it refused to respond to the team's communications." We are taking immediate steps. The Nillion Association has begun using association funds to repurchase the sold tokens. We also promise to use all funds sold without authorization by this market maker to buy back more NIL tokens. We are actively pursuing legal actions and coordinating with our exchange partners to ensure that all accounts and wallets related to this event have been frozen.