Hassett: October Employment Report Will Not Include Unemployment Rate
Stating that the household survey could not be conducted due to the 43-day federal government shutdown, Kevin Hassett said the October employment report would only include nonfarm payroll data. He said the unemployment rate for this month “will probably never be known accurately.” Hassett said the shutdown cost the economy approximately $15 billion per week and could reduce annual GDP growth by 1–1.5%. He also noted that approximately 60,000 non-federal employees may have lost their jobs during the shutdown.
US Labor Secretary: Release of CPI Data Uncertain
U.S. Labor Secretary Suzi LeVine announced that it is uncertain whether the Bureau of Labor Statistics will be able to release October CPI data. Disruptions in the data collection process following the shutdown have complicated the timing. The department is conducting additional assessments to ensure data quality is not compromised.
Saylor: HODL Post Weakens Sale Claims
Michael Saylor implied he did not sell Bitcoin by posting a “HODL”-themed message on his personal account. On the same day, MicroStrategy’s transfer of 58,915 BTC to a new wallet raised suspicions of a sale within the community. The $5.77 billion transfer is believed to be a custody arrangement. The company has not made an official statement regarding the fund movement.
Strategy Transfers 58,915 BTC to New Wallet
According to Lookonchain data, MicroStrategy transferred 58,915 BTC, worth a total of $5.77 billion, to a new wallet. The transfer is most likely for storage purposes. The community is debating whether the move is a sale or a reorganization. No official statement has been made yet.
EU Prepares to Centralize Oversight of Crypto Businesses
The EU is preparing a new plan that would give ESMA direct oversight authority over all crypto asset service providers. The draft envisions a significant shift of authority from national regulators to the center. ESMA would be responsible for both supervising existing firms and authorizing new businesses. This step could signal a shift to a single-center oversight period in the implementation of MiCA.
Mainstream Perp DEX Outlook: Lighter Leads for Three Days
In the Perp DEX ecosystem, Lighter has been the volume leader for three days in a row. Hyperliquid and Aster’s total volumes have reached $10 billion, demonstrating strong demand. The market is focused on the “high volume – low slippage” segment, where competition is intense.
American Bitcoin Shows Strong Growth with Q3 Results
American Bitcoin increased its revenue to $64.2 million in the third quarter, far exceeding last year’s level of $11.6 million. The company acquired over 3,000 BTC during the quarter, increasing its total reserves to 3,418 BTC. Net profit reached $3.5 million, turning positive from last year’s loss. During the same period, the merger with Gryphon Digital Mining was completed, and the hash rate increased 2.5 times to 25 EH/s.
Tron Inc Reports $12.17 Million Net Profit in Q3
Tron Inc reported a net profit of $12.17 million in the third quarter, compared to a loss of $1.12 million last year. Company assets include cash, TRX, and staked sTRX. The major shareholder made an additional $110 million purchase of TRX this quarter. It is noted that the digital asset strategy has significantly improved financial performance.
UK-based Calastone has completed its Polygon integration for the issuance and settlement of tokenized fund shares. The company serves over 4,500 financial institutions across 58 countries, with a monthly transaction volume exceeding £250 billion. The Polygon integration will enable funds to be tokenized quickly without altering their existing structures.
USDC Treasury Burns USDC Worth $139 Million
According to Whale Alert, the USDC Treasury removed a total of 138,965,921 USDC from circulation by burning it. Such burnings are considered a routine part of supply regulation. The transaction resulted in a short-term contraction in the market supply of USDC.
