MACRO & FED
Biztoc.com
06 Oct 2026 · 08:00
US unemployment below 5% approaches historic record not seen since mid-1960s
For many US households, it may not feel like the economy is doing well amid the higher cost of living brought on by the US war on Iran. But believe it or not, the …
For many US households, it may not feel like the economy is doing well amid the higher cost of living brought on by the US war on Iran.
But believe it or not, the US economy is nearing an impressive achievement on the unemployment front.
The US unemployment r… For many US households, it may not feel like the economy is doing well amid the higher cost of living brought on by the US war on Iran.But believe it or not, the US economy is nearing an impressive a…
MACRO & FED
Crooksandliars.com
06 Oct 2026 · 08:00
Jake Tapper Grills Hassett On Trump's Bizarre ‘Best Economy Ever’ Claims
CNN's Jake Tapper gave White House economic adviser Kevin Hassett a rather inconvenient reality check when he asked him to explain Donald J. Trump’s boast that the country is enjoying “the best economic numbers …
CNN's Jake Tapper gave White House economic adviser Kevin Hassett a rather inconvenient reality check when he asked him to explain Donald J. Trump’s boast that the country is enjoying “the best economic numbers ever.”
The problem? The actual numbers don't seem particularly interested in cooperating with Trump’s self-congratulatory assessment.
“So let’s break down the economic numbers,” Tapper said. “Growth is a modest 2.2%. Unemployment is relatively low, but ticking up a bit at 4.2%. Hiring is weak, only 29,000 jobs added in September. July and August were revised down. Inflation is at 3.4%. Prices rose 0.4% in August.
"Wage growth is at a five-year low. Hourly wages are down 0.3% over the past year," he continued. "So, assessing it here, it’s a growing economy, but hiring is slow. Wages are not keeping up with rising prices. So, what is the president talking about when he says it’s the best economic numbers ever? Is he misinformed or is he not telling the truth?”
Tapper pressed Hassett on the glaring disconnect between Trump’s rosy claims and what the economic data—and Americans themselves—are showing. Hassett, naturally, had an explanation: If people aren't feeling like the economy is fantastic, perhaps they simply aren't appreciating how fantastic it supposedly is.
"Well, it's true that the polls, which have gotten the president's success wrong every time, have been saying that people are looking a little bit depressed about the economy, but if you look at their actions, the actions speak way louder than words," Hassett replied.
"And so what we know from the economic literature is that if people are worried about whether they're gonna lose their job, if they're worried about whether they're gonna get a pay cut, then they start reducing their consumption and increasing their savings," he continued. "It's called the buffer stock theory of savings."
"And so what we see right now is that people are really, really optimistic about the future, about their future incomes, because they're spending really, really at record levels," he continued.
Then Tapper played a clip of JD Vance admitting that prices are high.
"Now he blamed Democrats for the high prices, but is he wrong that prices are high?" Tapper said.
"Oh, prices are high in the sense that inflation went up about 20% under Joe Biden, and the inflation rate has gone way, way down," Hassett insisted.
“The hard data are radically inconsistent with the polls,” Hassett said. “And so, which do you believe, the government hard data or the polls that have been wrong about every single election since I can remember?”
“But the government hard data is that only 29,000 jobs were created!” Tapper shot back.
“Oh, come on! That’s just last month,” Hassett said, then Tapper noted that previous months’ numbers were revised.
“Two years ago, President Trump said he thought he could get mortgage rates down to 3% or even lower. Last week, mortgage rates had the biggest weekly jump in four years. It’s more than 7%," Tapper said. "Why has President Trump failed to deliver on that promise?”
Hassett somehow insisted that "The economy is booming."
"The economy is booming" is doing some heavy lifting while Americans can't afford healthcare, groceries, or housing.
MACRO & FED
The Times of India
06 Oct 2026 · 08:00
Why can a stronger economy make your loan more expensive?
Why can a stronger economy make your loan more expensive? Team TOI Plus TIMESOFINDIA.COM Oct 05, 2026, 18:16 IST IST The RBI may be about to raise the repo rate for the first time …
Why can a stronger economy make your loan more expensive?
Team TOI Plus
TIMESOFINDIA.COM Oct 05, 2026, 18:16 IST IST
The RBI may be about to raise the repo rate for the first time since February 2023. Here’s why a stronger economy can make your loan more expensive — and how inflation, banks, savings rates, the rupee and the US Fed all fit into the same story
Most analysts believe the RBI is going to raise the repo rate after more than three and a half years. The three-day meeting of its monetary policy committee (MPC) runs till October 7, and if this does happen, loans are likely to get more expensive while savers could earn a little more on deposits.
"We expect a first rate hike by the MPC on October 7 as the domestic inflation trajectory sees upside risks from higher global oil prices," Barclays economists Aastha Gudwani and Amruta Ghare wrote in a research note. “We now sense that the RBI has little reason to wait, given visibility of growth remains high, inflation appears to be broadening," Bank of America Global Research’s Rahul Bajoria told Reuters. And in an interview with Bloomberg Television, JPMorgan chief India economist Sajjid Chinoy said, “We expect there’ll be a 25 basis point hike in October and one more in December. ” His reasoning was that inflation is heading materially higher after an unusually benign year, while energy and other price pressures are building.
CRYPTO
ZyCrypto
06 Oct 2026 · 07:45
Bitcoin’s Most Important Indicator Just Flashed Green: Can BTC Hold Above $85,000?
Bitcoin (BTC) is showing renewed bullish momentum after reclaiming a key long-term market indicator, with BTC holding above $85,000 after breaking through a major seller wall. Notably, the crypto asset climbed to $87,096 on …
Bitcoin (BTC) is showing renewed bullish momentum after reclaiming a key long-term market indicator, with BTC holding above $85,000 after breaking through a major seller wall.
Notably, the crypto asset climbed to $87,096 on October 2, its highest level since September 23, before pulling back slightly. The move marked a 15.6% recovery from its September 15 low of $75,170 and pushed BTC above a resistance zone that had capped its gains for much of the week.
Now, analysts are watching whether the latest momentum can hold. In a Saturday tweet, CryptoQuant highlighted one of the most important developments in Bitcoin’s on-chain data, saying its MVRV Z-Score has moved above its 365-day average.
The analytics platform said the move has historically represented an important change in Bitcoin’s market momentum.
“Bitcoin’s MVRV Z-Score just broke ABOVE its 365-day average. Historically, reclaiming this moving average has been an important shift in market momentum. Now the key is whether Bitcoin can stay above it,” it stated.
For context, MVRV compares Bitcoin’s market value with the realized value of coins on the network. A sustained move above the long-term average can indicate improving market conditions.
CryptoQuant’s data also showed that Bitcoin’s 1-to-3-month holders are sitting on their largest unrealized profits since May 2025.
The cohort currently has an average unrealized profit margin of 24%, suggesting that recent buyers have gained substantial exposure to the rally.
Elsewhere, James Thorne, Chief Market Strategist at Wellington Altus, also sees a broader improvement in Bitcoin’s technical structure.
Thorne said Bitcoin’s weekly chart is showing a strong setup after the recent correction held around the rising 200-week moving average.
“Bitcoin’s weekly chart is one of the best-looking setups in the market,” Thorne wrote.
He noted that Bitcoin’s 30-week and 40-week exponential moving averages have turned upward since the June low, with price reclaiming both measures. According to the strategist, this represents an intermediate trend shift from bearish to bullish while the longer-term uptrend remains intact.
Thorne also pointed to improving weekly momentum and changing market fundamentals. He argued that regulated stablecoins, tokenized Treasuries and on-chain settlement are helping move Bitcoin and digital assets beyond a purely speculative market.
“Yes, a Super Cycle,” Thorne added.
Moreover, the bullish signals arrive as Bitcoin clears an important technical obstacle. Glassnode recently identified a significant concentration of sell orders between $85,000 and $85,500 on Binance’s spot market. That supply zone had restricted Bitcoin’s advance for roughly a week.
Buyers eventually absorbed the resistance on October 2, allowing BTC to push toward $87,000. After the breakout, sell orders above the market declined, and some existing orders were canceled.
The next major resistance sits around $87,400, according to QCP, which identified the level as September’s high. Above that, $90,000 becomes an important psychological and options-market target. On the downside, QCP sees $82,500 as a key support area.
At press time, Bitcoin was trading at $85,990, up 0.86% in the past 24 hours.
CRYPTO
Crypto Briefing
06 Oct 2026 · 07:45
Meme coins hit record low share of altcoin market, CryptoQuant analyst says
CryptoQuant's Darkfost says the meme coin share of altcoin market cap has fallen to roughly 3% as altcoins pull ahead Meme coins have spent years as crypto’s loudest corner. Lately, they have been one …
CryptoQuant's Darkfost says the meme coin share of altcoin market cap has fallen to roughly 3% as altcoins pull ahead
Meme coins have spent years as crypto’s loudest corner. Lately, they have been one of its smallest.
On October 5, 2026, CryptoQuant on-chain analyst Darkfost reported that meme coins now make up roughly 3% of total altcoin market capitalization. The ratio sits at 0.027, an all-time low for the metric.
How far meme coins have fallen
The metric compares the combined market value of meme coins against the total market value of altcoins, meaning crypto assets other than Bitcoin.
Back in July 2026, the ratio had already dropped to 3.7%. At the time, that marked the lowest reading since February 2024.
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The contrast with the recent past is stark. During the meme coin season of November 2024, the ratio peaked above 10%.
Why the gap keeps widening
Darkfost pointed to several forces behind the decline. The first is straightforward: altcoins have simply performed better than meme coins in recent months.
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The second factor is supply. A steady stream of new meme coins has flooded the market, spreading available liquidity across an ever-growing list of tokens.
The third factor is interest, or the lack of it. According to the research, the number of meme coin holders has fallen to multi-year lows.
A rebound signal, or just a low reading
Darkfost did not frame the data as purely bearish. He noted that extreme performance divergences like this one have historically left the door open for a meme coin recovery.
In late 2025, the ratio dipped to around 3.2%. What followed was a notable bounce. In early 2026, tokens including Dogecoin, Shiba Inu and Bonk staged recoveries after that low reading.
Today’s ratio sits even lower than the late 2025 trough that preceded the last rally.
Still, Darkfost cautioned that the current data, on its own, does not provide a clear signal that a reversal is coming.
Who is behind the data
Darkfost is a recognized contributor at CryptoQuant, an on-chain analytics firm. His work is frequently cited by major outlets, including Cointelegraph and Bloomberg.
CRYPTO
Crypto Briefing
06 Oct 2026 · 07:45
Bitmine acquires 15,112 Ethereum, raising total to 6.02M ETH
The Tom Lee-chaired company added 15,112 ETH over the past week and now holds 6.02 million tokens, with 5.07 million already staked. Bitmine Immersion Technologies said Monday that its ether holdings have surpassed 6 …
The Tom Lee-chaired company added 15,112 ETH over the past week and now holds 6.02 million tokens, with 5.07 million already staked.
Bitmine Immersion Technologies said Monday that its ether holdings have surpassed 6 million tokens, bringing the company within striking distance of its goal of owning 5% of the cryptocurrency’s total supply.
The company held 6,016,414 ETH as of Oct. 4, valued at roughly $16.4 billion based on an ether price of $2,726. That represents about 4.9% of Ethereum’s estimated 122.1 million token supply.
Bitmine added 15,112 ETH over the past week. Chairman Tom Lee said the company has purchased ether every week since launching its treasury strategy on June 30, 2025.
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The latest purchases leave Bitmine about 89,000 ETH short of the 6.1 million tokens needed to reach 5% of the current supply, putting it roughly 99% of the way toward what the company calls its “Alchemy of 5%” target.
Bitmine said its total crypto, cash, marketable securities and other investments are now worth $17.4 billion. Alongside its ether position, the company holds 214 bitcoin, $643 million in cash and marketable securities, a $180 million stake in Beast Industries and a $117 million position in Eightco Holdings.
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Most of Bitmine’s ether is already generating staking rewards. The company said 5.07 million ETH, or about 84% of its holdings, is currently staked and worth approximately $13.8 billion.
Bitmine projected annualized staking revenue of about $363 million based on a seven-day yield of 2.63%. If its entire ether treasury were eventually staked through its MAVAN platform and other partners, the company estimates annual staking rewards could reach roughly $431 million.
The company launched MAVAN, or Made in America Validator Network, earlier this year as an institutional staking platform originally designed to support its own treasury. Bitmine has since expanded the service to institutional investors, custodians and other ecosystem participants.
Bitmine also highlighted its equity performance relative to ether. Lee said ETH fell about 10% during the first nine months of 2026 while BMNR shares declined around 3%, which he attributed partly to actions including the repurchase of 21 million shares during the year.
The company remains the largest publicly disclosed ether treasury and the second-largest corporate crypto treasury overall behind Strategy, according to Bitmine.
MACRO & FED
Biztoc.com
06 Oct 2026 · 07:30
US Equity Futures Mostly Flat Pre-Bell as Soft Jobs Data Reduces Fed Rate Hike Expectations
US equity futures were mostly flat pre-bell Monday as lower-than-expected jobs data on Friday reduce US equity futures were mostly flat pre-bell Monday as lower-than-expected jobs data on Friday reduce This story appeared on …
US equity futures were mostly flat pre-bell Monday as lower-than-expected jobs data on Friday reduce US equity futures were mostly flat pre-bell Monday as lower-than-expected jobs data on Friday reduce
This story appeared on finance.yahoo.com, 2026-10-05 12:02:27.
CRYPTO
ZyCrypto
06 Oct 2026 · 07:30
Bitcoin ETFs Bag $241 Million Inflow, Ethereum Funds Bleed $138 Million Amid Pressure
Spot Bitcoin ETFs are gaining traction, netting another positive week despite altcoin stumbles and mid-week price shocks. Institutional investors’ confidence is back in the market, and bulls look to capitalize on the momentum to …
Spot Bitcoin ETFs are gaining traction, netting another positive week despite altcoin stumbles and mid-week price shocks. Institutional investors’ confidence is back in the market, and bulls look to capitalize on the momentum to break price levels in coming months.
Bitcoin Funds Notch Third Consecutive Weekly Inflow
Last week, net spot Bitcoin ETF flows stood at $241 million, marking the third straight week in the green zone. This streak follows a sentiment jump in September, as traders began to see more positive moves than in previous months.
SoSoValue data shows all-time net inflows at $57.8 billion after massive additions last month. In two weeks, investor funds grew by $2.4 billion, signaling a bullish turn after previous dry spells that sent prices below multiple support lines.
On Oct 2, net inflows were $189 million, led by BlackRock’s iShares Bitcoin Trust. For weekly volume, the fund contributed about $158.2 million, the largest share. Funds like Fidelity Wise Origin Bitcoin Fund pulled in $29.3 million, while MSBT attracted $2.4 million.
Overall, this portrays the demand for spot Bitcoin ETFs in every upward swing since their launch in the United States. As an institutional window for firms to increase crypto exposure, these funds have become more popular among traditional clients who previously avoided the asset class.
Right now, inflows to these funds are a strong gauge of institutional sentiment in a given period. Bitcoin institutional demand, unlike retail, moves prices and jumpstarts a recovery trend, often with the aid of macroeconomic events.
“Today the price pushed once again toward $87000, almost touching an eight-month high, before pulling back to the $86000 area. It’s the second time this week that sellers have strongly defended that resistance zone. The move was mainly driven by softer-than-expected U.S. jobs data, which reduced bets on a Fed rate hike, along with a return of positive flows into spot Bitcoin ETFs,” Bitcoin miner Javi Q wrote on X.
On the flip side, altcoins saw low volumes as investors moved toward Bitcoin momentum. Last week, spot Ether ETFs saw net $138 million outflows, taking year-to-date inflows to $1.5 billion. However, Solana and XRP extended their positive runs with $2.4 million and $4.7 million in inflows, respectively.
CRYPTO
Crypto Briefing
06 Oct 2026 · 07:30
Derive leads onchain options market as volume doubles to $5B
Derive still controls the bulk of onchain options trading, but Paradex and Hypercall are growing fast enough to make things interesting Onchain options trading had a big September 2026. Total notional volume across venues …
Derive still controls the bulk of onchain options trading, but Paradex and Hypercall are growing fast enough to make things interesting
Onchain options trading had a big September 2026. Total notional volume across venues nearly doubled in 30 days, landing somewhere between $4.8B and $5.66B depending on the data snapshot.
Derive, the platform formerly known as Lyra Finance, took the largest slice by a wide margin. Its rivals, though, spent the month proving they are not just there to fill out the leaderboard.
Derive’s dominance, by the numbers
Derive processed approximately $3.8B in notional volume in September. That works out to around 79% of the onchain options market for the month.
Measured another way, its grip looks even tighter. Derive’s overall share runs from 80% to 92%, depending on whether you count premiums or notional value.
Notional volume measures the value of the underlying assets those contracts cover. Premium is the price traders actually pay to buy the contracts themselves.
On premiums, Derive sits at about 91-92% of the market. Through mid-September, it captured approximately 87.4% of year-to-date onchain option premiums, or $362.5M out of $414.9M.
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The sector as a whole also set a record. One snapshot put total notional across venues at $4.829B for September, a 121.7% jump from the prior month.
Derive’s token, DRV, came along for the ride. It hit an all-time high of $0.3857 in mid-September, with a circulating market cap of around $385M.
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The challengers are closing in
Derive’s 79% share for the month represented a slight slip. Two competitors, Paradex and Hypercall, were the main reasons why.
Paradex’s growth accelerated after it integrated Paradigm’s RFQ system in mid-September. RFQ stands for request for quote, a setup where traders ask market makers for a price on a specific trade rather than hunting through a public order book.
The results showed up quickly. Paradex’s open interest, the total value of contracts still open and unsettled, pushed above $250M after the integration.
Its notional volume climbed 285% month over month.
Hypercall is smaller on the premium side but posted strong month-over-month gains of its own. It reached an estimated 11.2% share of notional trading in September.
How Derive built its lead
Derive’s position rests largely on its architecture. The platform uses a central limit order book, or CLOB, the same structure that powers traditional exchanges.
In a CLOB, buyers and sellers post bids and asks, and the system matches them by price. Many early DeFi protocols leaned on automated pools instead, which can struggle with the precision options pricing demands.
Deep liquidity has been the other ingredient. Derive’s partnerships, notably with FalconX, have helped keep its order books full.
That flywheel helps explain why Derive’s premium share sits above its notional share. It appears to be where traders are most willing to pay up for contracts.
What this means for traders and the market
Paradex’s surge also suggests a template other venues may study. Plugging into existing institutional plumbing like Paradigm’s RFQ network delivered measurable results within weeks.
The figures worth watching next are whether Paradex keeps its open interest above $250M and whether Hypercall’s double-digit notional share holds. Derive’s premium share, sitting in the low 90s, may be the clearest gauge of whether its lead is softening or simply sharing a growing pie.
CRYPTO
Crypto Briefing
06 Oct 2026 · 07:30
Bank of America raises Coinbase price target to $203, keeps Buy rating
BofA analyst Craig Siegenthaler is betting on stablecoin revenue even as near-term trading volume forecasts move lower Bank of America has raised its price target on Coinbase Global (COIN) to $203, up from $174, …
BofA analyst Craig Siegenthaler is betting on stablecoin revenue even as near-term trading volume forecasts move lower
Bank of America has raised its price target on Coinbase Global (COIN) to $203, up from $174, and kept its Buy rating on the stock.
The reason is not a trading boom. BofA analyst Craig Siegenthaler pointed to stablecoins, specifically the higher revenue he expects Coinbase to earn from them after the Federal Reserve’s rate hike in September 2026.
What BofA changed, and why
The revision, dated October 5, 2026, adds $29 to BofA’s previous $174 target. The bank also raised its earnings per share estimates for Coinbase for 2027 and 2028, citing the stablecoin revenue it expects to come through in those years.
BofA trimmed its near-term forecasts for Coinbase because crypto trading volumes have declined. That cut came even though Bitcoin rose 43% and Ether climbed 70% in the third quarter.
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The update is consistent with an earlier BofA note from September 24, which had already laid out the same $203 target and Buy rating. The October note reaffirms that view rather than reversing course.
A target with a long memory
The bank’s targets for Coinbase have moved around considerably in 2026. In January, BofA had the stock pegged at $340. By May, that figure had come down to $218.
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The latest move marks a step back up from $174, but the target remains well below January’s level.
Coinbase’s own financials help explain the caution. The company reported first-quarter revenue of $1.41 billion and a GAAP net loss of $394 million. A year earlier, the same quarter delivered $2.03 billion in revenue and a profit of $65.61 million.
Not everyone on Wall Street agrees
Citizens JMP has a Buy rating on Coinbase. Barclays, on the other hand, rates the stock a Sell.
What this means for Coinbase investors
Bitcoin up 43% and Ether up 70% in a single quarter would historically have been read as straightforward good news for an exchange. BofA is signaling that this relationship has weakened, at least in the near term, because volumes did not keep pace with prices.
BofA tied its higher 2027 and 2028 estimates to the post-hike rate environment, which means the thesis rests partly on monetary policy. If rate expectations shift, the assumptions underpinning those longer-term estimates would shift with them.
The near-term forecasts went down while the longer-dated estimates went up. Investors buying on the strength of the new target are, in effect, being asked to look past softer upcoming quarters toward a payoff that sits further out.