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 Managersβ Index (PMI) for September registered at 54.5, a marginal decline from Augustβs 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 βpre-election pump,β 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 β¦
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 β¦
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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):
β Unemployment rate: 4.2% (previously 4.1%)
β Nonfarm Payrolls: 29,000 (previously 162,000)
β Unemployment rate: 4.2% (previously 4.1%)
β 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 29,000βdown from an expected 84,000. The unemployment rate also rose to 4.2 percent, prompting a substantial reassessment of the Fedβs 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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