Today’s calendar is marked by market closures in Hong Kong and China in observance of National Day. Investors and analysts are awaiting a series of key economic indicators, including Manufacturing Purchasing Managers’ Index (PMI) data from Australia, Japan, India, Russia, Germany, the Eurozone, the United Kingdom, Brazil, Canada, and the United States. These figures will provide insights into the global manufacturing sector’s health amidst ongoing geopolitical uncertainties.
In addition, the financial markets will scrutinize initial jobless claims data and a wave of corporate earnings reports. Among the notable companies releasing results are Acuity Brands, Accenture, and Nike, signaling a busy corporate reporting season that could influence investor sentiment.
Meanwhile, Russian President Vladimir Putin is scheduled to participate in a session of the Valdai Discussion Club, emphasizing Moscow’s desire to shape the global narrative amid strained international relations. Economic policy updates include announcements regarding fluctuations in consumer credit and gas prices, subjects that remain sensitive given current inflationary pressures and energy market volatility.
In addition, the financial markets will scrutinize initial jobless claims data and a wave of corporate earnings reports. Among the notable companies releasing results are Acuity Brands, Accenture, and Nike, signaling a busy corporate reporting season that could influence investor sentiment.
Meanwhile, Russian President Vladimir Putin is scheduled to participate in a session of the Valdai Discussion Club, emphasizing Moscow’s desire to shape the global narrative amid strained international relations. Economic policy updates include announcements regarding fluctuations in consumer credit and gas prices, subjects that remain sensitive given current inflationary pressures and energy market volatility.
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According to Middle Eastern sources citing satellite imagery, the Houthis have launched ballistic missiles against another section of the "East-West" oil pipeline in Saudi Arabia, further impeding efforts to restore oil supplies. Reports also indicate an attack on the Aramco refinery in Abqaiq. Further details were provided by SHIA News yesterday. Major Western media outlets have not yet reported on these developments.
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The U.S. Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) for September registered at 54.5, a marginal decline from August’s reading of 54.6.
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Stocks in the U.S. markets show a mixed picture: the Dow Jones and Russell 2000 are declining, while the S&P 500 and Nasdaq attempt to stabilize. Analysts point to signs of market fragility, noting that an increasing number of S&P 500 companies are trading below their 50-, 100-, and 200-day moving averages. Despite the subdued performance, hopes persist that a “pre-election pump,” potentially driven by former President Trump, could buoy stocks and cryptocurrencies ahead of the upcoming elections.
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Shareholders of XRP: Armada Acquisition Corp. II has approved its merger with Evernorth. The entity managing the XRP treasury is expected to hold approximately 473 million XRP. The completion of the deal is anticipated for October 7, with the renamed company scheduled to begin trading under the ticker XRPN on October 8.
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The co-founder of NEAR announced that the NEAR Intents and near.com services have been restored. The vulnerability affected only USDT on the BSC network, while the NEAR protocol, the NEAR token, and other applications remained secure.
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Bitcoin | Finance | Crypto
In Venice, a new initiative has been launched to combat inflationary pressures. Under the program, five dollars from every one hundred dollars spent on credits will be allocated to purchase and burn VVV tokens.
Venice has reduced its annual VVV emissions from 2.5 million to 2 million.
X (formerly Twitter)
Venice (@AskVenice) on X
$VVV annual emissions are now 2M VVV per year.
As scheduled, emissions stepped down from 2.5M to 2M on October 1.
Today's emission reduction continues to pave the road to a net deflationary VVV …
As scheduled, emissions stepped down from 2.5M to 2M on October 1.
Today's emission reduction continues to pave the road to a net deflationary VVV …
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The co-authors of EIP-8363 have withdrawn their proposal concerning the burning of staking rewards from the discussions surrounding Ethereum's Hegota upgrade.
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Glassnode reports that the BTC selling wall has disappeared. Yesterday, buyers successfully broke through the $85,000 level after nearly a week of failed attempts. It appears that the remaining sell orders have also been withdrawn. This reduction in sell-side liquidity is likely to accelerate the price increase.
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Utexo, supported by Tether, is scheduled to launch USDT on the Bitcoin network this month.
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USA (September):
– Unemployment rate: 4.2% (previously 4.1%)
– Nonfarm Payrolls: 29,000 (previously 162,000)
– Unemployment rate: 4.2% (previously 4.1%)
– Nonfarm Payrolls: 29,000 (previously 162,000)
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Kalshi now estimates an 85 percent probability that the Federal Reserve will maintain current interest rates in October, after official data showed job gains of just 29,000—down from an expected 84,000. The unemployment rate also rose to 4.2 percent, prompting a substantial reassessment of the Fed’s stance towards a more dovish policy.
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BLAST announces closure. The network's operating costs now surpass income from Layer 2 activities, and there are no prospects for financial viability. Users are advised to withdraw their assets by October 26th.
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