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Analysts: The Non-Farm Payrolls (NFP) report has dampened market expectations of a Federal Reserve interest rate hike in October.

1 hours ago

Allianz Chief Economic Advisor Mohamed El-Erian said the released U.S. jobs data came in as an unexpected set of figures: only 29,000 new jobs were added in September, the unemployment rate rose to 4.2%, and hourly wages grew just 0.1% month-over-month. Additionally, the employment numbers for July and August were revised down by about 60,000 jobs. On the supply side, the labor force participation rate climbed to 61.8%, a more positive development. Overall, this will further reinforce the impact of recent remarks from Federal Reserve officials—namely, that market expectations for a Fed rate hike in October are cooling. Source: Jinshi

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Decentralized privacy trading platform Titan launches testnet on Canton.

Decentralized privacy trading platform Titan announced that its testnet has launched on the Canton Network. Titan stated that users who join the waitlist will gain early access to the mainnet in the coming weeks.

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NVIDIA hit an intraday all-time high, rising 2.4%.

According to market data from BIT (Bit.com), NVIDIA (NVDA.O) hit an intraday all-time high, rising 2.4%.

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US Stock Market Opening: Crypto Stocks Rally Collectively, Most Optical Module Stocks Rise, NVIDIA Hits a Record High

According to BIT (Bit.com) market data, crypto-related stocks rallied collectively after the US stock market opened, with most optical module stocks rising, storage stocks seeing mixed performance, and Nvidia hitting an all-time high. Details are as follows: Crypto sector: Strategy (MSTR) traded at $169.410, up 5.55%; Circle (CRCL) at $87.150, up 5.11%; Bullish (BLSH) at $36.810, up 5.81%; Gemini Space Station (GEMI) at $5.300, up 4.54%; Bitmine Immersion (BMNR) at $28.085, up 5.07%; SharpLink (SBET) at $10.120, up 5.64%. Optical module sector: Seagate Technology (STX) at $806.035, down 14.76%; Marvell Technology (MRVL) at $279.050, up 4.09%; Nokia (NOK) at $10.455, up 0.82%; Applied Optoelectronics (AAOI) at $107.800, up 0.45%; Lumentum (LITE) at $1053.125, up 0.70%; Coherent (COHR) at $320.790, up 0.50%. Storage sector: Micron Technology (MU) at $1094.340, down 0.28%; SanDisk (SNDK) at $1732.670, down 3.08%; Western Digital (WDC) at $416.820, down 9.89%.

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Bankless Founder: Bitcoin will send a strong bullish signal if it closes above $86,600 on the daily chart.

Bankless founder David Hoffman said in a post that a daily closing price of Bitcoin (BTC) above $86,600 would send a strong bullish signal, while a daily close above $87,400 would make him extremely bullish.

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Matador Technologies holds approximately 168 BTC and has issued a convertible bond worth $10.5 million.

Bitcoin ecosystem firm Matador Technologies released a corporate update on October 2, noting it currently holds roughly 168 BTC and funds its Bitcoin treasury via common stock and secured convertible bonds. The announcement states Matador has issued senior secured convertible bonds with a total principal of $10.5 million under its $100 million secured convertible bond facility, with the remaining $89.5 million eligible for drawdown in tranches once regulatory approvals and other conditions are met. Separately, the company’s current average monthly cash operating expenditure stands at approximately CAD 125,000, and it plans to further cut this to around CAD 100,000 per month. Shareholders will vote on the creation of a new class of preferred shares on October 14.

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US stocks open: Nasdaq climbs 1.2%, memory chip stocks see mixed performance.

According to market data from BIT (Bit.com), at the opening of U.S. stock markets, the Dow Jones Industrial Average rose 0.62%, the S&P 500 gained 0.9%, and the Nasdaq increased 1.2%. Storage chip stocks showed mixed performance: Seagate Technology (STX.O) fell 14%, Western Digital (WDC.O) dropped 9.8%, and Rambus (RMBS.O) rose 3%. Tesla (TSLA.O) climbed 2.3% as its third-quarter delivery figures exceeded expectations.

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