The number of first-time unemployment claims in the United States last week was 258,000, estimated to be 230,000, and the previous value was 225,000.

The US CPI rose by 2.4% year-on-year in September, with an estimated increase of 2.3% and a previous increase of 2.5%; the US CPI rose by 0.2% month-on-month in September, with an estimated increase of 0.1% and a previous increase of 0.2%.

The market shows ETH breaking through $2,400, currently reporting at $2,400.17 with a 24-hour decline of 1.39%. The market is volatile, please be prepared for risk control.

The market shows BTC breaking through $61,000, now reporting at $61,003.05 with a 24-hour drop of 1.96%. The market fluctuation is significant, please exercise caution in risk control.

Hello,Crypto’s killer application is already here in the form of stablecoins. In 2023, Visa did close to $15 trillion in transaction volume. Stablecoins did about $20.8 trillion in total transaction volume. Since 2019, $221 trillion in stablecoins have been exchanged between wallets.Over the past few years, the equivalent of global GDPs has been moving through our blockchains. Over time, this capital has accumulated in different networks. Users switch between protocols for better financial opportunities or lower transfer costs. With the arrival of chain abstraction, users may not even know they are using a bridge.

PvP, or “player vs. player,” is a phrase used often by shitcoin traders to describe this current market cycle. The sentiment it evokes is predatory, where winning comes at the expense of others. That is so TradFi. The express purpose of the crypto capital markets is to allow those who risk their precious capital to enjoy the fruits of being “early” into projects that hopefully will grow apace with Web3. But oh, how we have strayed from the enlightened path laid down for us by Lord Satoshi and then subsequently Archangel Vitalik with his very successful Ether initial coin offering (ICO).

Over the past few months, the Synthetix Protocol has undergone significant developments and faced a range of challenges as it continues to expand and evolve. In this report, we will explore some of the key highlights, such as the successful migration to V3, new market launches, and governance updates. We’ll also dive into the challenges that have surfaced, particularly around liquidity, integration delays, and governance complexities. Let’s take a closer look at both the achievements and obstacles during this transformative period.

As monitored by Trader T, the net outflow of the US spot Bitcoin ETF was $30.56 million yesterday.

$147m Outflows Amid Weaker Sentiment; Multi-Asset Products Inflows for 16th Straight Week

Sometimes I get obsessed about certain topics to the point where I can’t stop reading about them and every adjacent topic required to understand that topic. The Japanese Yen has been the beneficiary of my passionate love for the past few months. Ask any of my friends and they’ll tell you how annoying I can be about it if you trigger me about it. Rather than re-explaining it all multiple times I thought why not just write an article to consolidate my knowledge into one blog post. This is that post.