News
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Overview of Important Developments on the Evening of May 2
12:00-21:00 Keywords: Trump, EU, Non-farm Payrolls
1. Trump's policies have not yet had a substantial impact on employment; 2. The EU plans to fully ban privacy coins and anonymous crypto transactions by 2027;
3. Goldman Sachs: Will increase investment in digital assets and bet on tokenization business;
4. U.S. April seasonally adjusted non-farm payrolls at 177,000, expected 130,000;
5. Institutional forecast: Bank of England will cut rates in May and three more times this year;
6. Curve founder has sold a total of 3.433 million CRV since March 24;
7. BlackRock applies to the U.S. SEC to use blockchain technology in its Treasury Trust Fund.
12:00-21:00 Keywords: Trump, EU, Non-farm Payrolls
1. Trump's policies have not yet had a substantial impact on employment; 2. The EU plans to fully ban privacy coins and anonymous crypto transactions by 2027;
3. Goldman Sachs: Will increase investment in digital assets and bet on tokenization business;
4. U.S. April seasonally adjusted non-farm payrolls at 177,000, expected 130,000;
5. Institutional forecast: Bank of England will cut rates in May and three more times this year;
6. Curve founder has sold a total of 3.433 million CRV since March 24;
7. BlackRock applies to the U.S. SEC to use blockchain technology in its Treasury Trust Fund.
U.S. April Nonfarm Payrolls Adjusted for Seasonality at 177,000, Expected 130,000
According to Jinshi reports, the U.S. April seasonally adjusted non-farm payrolls were 177,000, expected to be 130,000, with the previous value revised from 228,000 to 185,000.
According to Jinshi reports, the U.S. April seasonally adjusted non-farm payrolls were 177,000, expected to be 130,000, with the previous value revised from 228,000 to 185,000.
US April Job Growth Slightly Slows but Remains Robust
The U.S. economy continued to steadily add jobs in April, despite a slight slowdown in job growth amid changes in tariff announcements and market turmoil. The U.S. Department of Labor reported on Friday that the U.S. added 177,000 jobs in April, higher than the expected 130,000 but lower than the 185,000 increase in March. Federal government layoffs dragged down employment numbers, with federal employment decreasing by 9,000 in April. ING Financial Markets economist James Knightley stated that there is still a long preparation time to see widespread layoffs, but we will have to be prepared for significantly weaker employment numbers and face the threat of a sharp slowdown in hiring. (Jin10)
The U.S. economy continued to steadily add jobs in April, despite a slight slowdown in job growth amid changes in tariff announcements and market turmoil. The U.S. Department of Labor reported on Friday that the U.S. added 177,000 jobs in April, higher than the expected 130,000 but lower than the 185,000 increase in March. Federal government layoffs dragged down employment numbers, with federal employment decreasing by 9,000 in April. ING Financial Markets economist James Knightley stated that there is still a long preparation time to see widespread layoffs, but we will have to be prepared for significantly weaker employment numbers and face the threat of a sharp slowdown in hiring. (Jin10)
Grayscale Transfers 6,486 ETH Worth Nearly $12 Million
PANews reported on May 2 that according to Arkham monitoring data, approximately 35 minutes ago, Grayscale's Ethereum exchange-traded fund, Grayscale Ethereum Trust, transferred 6,486 ETH to the CEX Prime hot wallet address, valued at $11.92 million; in addition, Grayscale also transferred 71.034 BTC, valued at $6.9 million.
PANews reported on May 2 that according to Arkham monitoring data, approximately 35 minutes ago, Grayscale's Ethereum exchange-traded fund, Grayscale Ethereum Trust, transferred 6,486 ETH to the CEX Prime hot wallet address, valued at $11.92 million; in addition, Grayscale also transferred 71.034 BTC, valued at $6.9 million.
The probability of the Federal Reserve keeping rates unchanged in May rises to nearly 100%
PANews May 2nd news, according to CME "Fed Watch": The probability of the Federal Reserve maintaining interest rates unchanged in May is 99.4% (95.3% before the announcement), and the probability of a 25 basis point rate cut is 0.6%. The probability of the Federal Reserve maintaining interest rates unchanged until June is 53.8%, with a cumulative probability of a 25 basis point rate cut at 45.9%, and a cumulative probability of a 50 basis point rate cut at 0.3%.
PANews May 2nd news, according to CME "Fed Watch": The probability of the Federal Reserve maintaining interest rates unchanged in May is 99.4% (95.3% before the announcement), and the probability of a 25 basis point rate cut is 0.6%. The probability of the Federal Reserve maintaining interest rates unchanged until June is 53.8%, with a cumulative probability of a 25 basis point rate cut at 45.9%, and a cumulative probability of a 50 basis point rate cut at 0.3%.
A whale bought 23.37 million AVA worth $1.71 million in the past 20 days
PANews reported on May 2 that, according to Lookonchain monitoring, the whale that previously traded over $7.5 million in Fartcoin has started accumulating AVA. In the past 20 days, the whale has purchased 23.37 million AVA, valued at $1.71 million, with an average price of $0.03554. The current unrealized profit is approximately $875,000.
PANews reported on May 2 that, according to Lookonchain monitoring, the whale that previously traded over $7.5 million in Fartcoin has started accumulating AVA. In the past 20 days, the whale has purchased 23.37 million AVA, valued at $1.71 million, with an average price of $0.03554. The current unrealized profit is approximately $875,000.
Pumpfun deposits 105,233 SOL into CEX, valued at $15.86 million
According to Lookonchain monitoring, Pumpfun has just deposited 105,233 SOL into CEX, valued at $15.86 million. So far, they have deposited 3,202,498 SOL, valued at $591 million, and sold 264,373 SOL to obtain 41.64 million USDC.
According to Lookonchain monitoring, Pumpfun has just deposited 105,233 SOL into CEX, valued at $15.86 million. So far, they have deposited 3,202,498 SOL, valued at $591 million, and sold 264,373 SOL to obtain 41.64 million USDC.
Institutions: Non-farm data will keep the Federal Reserve "on the sidelines"
According to a report by Jinse Finance, Gregory Faranello, Head of U.S. Rates Trading and Strategy at AmeriVet Securities, stated that due to the impact of tariffs and tax policies, there will be significant issues in the future job market. As for the Federal Reserve's future policy path, given that employment remains a key driver of economic growth, the Fed will currently "stand by." Previously, Lindsay Rosner, Head of Multi-Sector Fixed Income Investments at Goldman Sachs Asset Management, mentioned that at this time and place, robust labor market data provides the Fed with room for patience. (Jin10)
According to a report by Jinse Finance, Gregory Faranello, Head of U.S. Rates Trading and Strategy at AmeriVet Securities, stated that due to the impact of tariffs and tax policies, there will be significant issues in the future job market. As for the Federal Reserve's future policy path, given that employment remains a key driver of economic growth, the Fed will currently "stand by." Previously, Lindsay Rosner, Head of Multi-Sector Fixed Income Investments at Goldman Sachs Asset Management, mentioned that at this time and place, robust labor market data provides the Fed with room for patience. (Jin10)
Opinion: The Market May Misprice the Timing of the Fed's Rate Cuts
PANews reported on May 2, citing Jinshi, that U.S. interest rate strategist Ira Jersey stated the Federal Reserve will wait until the job market stumbles and concerns over tariff-related inflation subside before cutting rates. However, once rate cuts begin, they will be aggressive. The market may have mispriced the timing of the rate cuts, but the pricing of the rate cut magnitude might be accurate. We believe the Federal Reserve might cut rates to 3%, but this will start at the end of this year and proceed rapidly. Previously, "Fed Whisperer" Nick Timiraos indicated that the April employment report makes a June rate cut less likely (although June is still far off), as only one more employment report will be released before then. For now, this means the Federal Reserve does not need to make any statements about the June meeting next week.
PANews reported on May 2, citing Jinshi, that U.S. interest rate strategist Ira Jersey stated the Federal Reserve will wait until the job market stumbles and concerns over tariff-related inflation subside before cutting rates. However, once rate cuts begin, they will be aggressive. The market may have mispriced the timing of the rate cuts, but the pricing of the rate cut magnitude might be accurate. We believe the Federal Reserve might cut rates to 3%, but this will start at the end of this year and proceed rapidly. Previously, "Fed Whisperer" Nick Timiraos indicated that the April employment report makes a June rate cut less likely (although June is still far off), as only one more employment report will be released before then. For now, this means the Federal Reserve does not need to make any statements about the June meeting next week.