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#USJobsData US economy saw stronger-than-expected job growth in September, but the unemployment rate rose What we covered here • The latest snapshot of the US labor market showed an unexpected rebound of 119,000 jobs in September but a loss for August and a lower total for July. The report was originally scheduled for October 3 but released today after a seven-week delay due to the government shutdown. • It comes as earnings reports from some of America’s major companies flash warning signs about the US economy, with consumers and businesses becoming more cautious their spending. • The September report has taken on increased significance since it will be the only snapshot of the labor market that the Federal Reserve will have in hand to assess the state of the economy when policymakers meet on December 9-10. • Today’s data was expected to show that the unemployment rate held at 4.3% and that around 50,000 jobs were added, a far cry from last September, when the US economy added 240,000 jobs.#USJobsData $BTC $ETH $BNB
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Momentum #MMT Token Updates Momentum is a decentralized finance (DeFi) protocol focused on derivatives trading and real-world asset (RWA) compliance. Recent updates include: Binance Integration: MMT was recently added as a loanable asset on #Binance's VIP Loan service, boosting institutional utility. Perpetual #DEX Launch: A perpetual futures DEX was launched on the Sui network, utilizing a Market Liquidity Provider (MLP) vault model. Tokenomics: A buyback program uses protocol fees to buy MMT from the market and redistribute it to veMMT stakers, aiming to stabilize the price after recent volatility following its Token Generation Event (TGE). 2026 Roadmap: The future roadmap includes plans for a Token Generation Lab (Q1 2026) and a Momentum X Compliance Layer (Q2 2026) for compliant cross-chain RWA trading. Price and Volatility: The token has experienced significant price volatility, including a 160% pump-and-dump post-Binance listing, with current sentiment remaining cautious due to market conditions. #MMT $MMT
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Bitcoin Dives Again in Worst Week for 3 Years. Why This Crypto ‘Doom Loop’ Will Continue. There could be more pain ahead for Bitcoin BTCUSD-4.51% as the price was dropping again on Friday and the cryptocurrency selloff deepens. Bitcoin Price Slumps Below $85K. A Few Reasons Cryptos Are Down Big. #BTCVolatility $BTC
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#Bitcoin Heading for Worst Month Since #Crypto Collapse of 2022 (Bloomberg) -- #Bitcoin is on track for its worst monthly performance since a string of corporate collapses rocked the wider #crypto sector in 2022. The largest cryptocurrency slid as much as 6.4% to $81,629 on Friday. Runner-up Ether fell as much as 7.6% to below $2,700 and a host of smaller tokens nursed similar declines. The total market value of virtual coins dropped below $3 trillion for the first time since April, data from CoinGecko show. Bitcoin has now shed about a quarter of its value in November, the most for a single month since June 2022, according to data compiled by Bloomberg. The implosion of Do Kwon’s TerraUSD stablecoin project in May of that year sparked a daisy chain of corporate failures that culminated in the downfall of Sam Bankman-Fried’s FTX exchange. Despite a pro-crypto White House under US President Donald Trump and surging institutional adoption, Bitcoin has plummeted over 30% since rocketing to a record in early October. The rout follows a crippling bout of liquidations on Oct. 10 that wiped out $19 billion in leveraged token bets, and in turn erased roughly $1.5 trillion from the combined market value of all cryptocurrencies. #BTCVolatility $BTC $ETH $BNB
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