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Jobs report in limbo, but Q4 could be stellar for crypto
NFT Gaming

Jobs report in limbo, but Q4 could be stellar for crypto

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A crucial catalyst for the crypto market was supposed to be Friday’s U.S. non-farm payrolls data, but that’s now in limbo due to the government shutdown, which is currently in its fourth day.

Summary

  • The crypto market would have reacted to the upcoming U.S. non-farm payrolls data.
  • Some top coins like Zora, Optimism, and EigenLayer will have token unlocks.
  • This week marks the start of the fourth quarter, which is the best one for cryptocurrencies.

Economists polled by Reuters expect the report to show the economy added 39,000 jobs in September, up from 22,000 in August. The unemployment rate is expected to hold steady at 4.3%.

This labor market report will be critical for the crypto market, as it could influence the Federal Reserve’s next interest rate decision. A weaker jobs report would be bullish for cryptocurrencies, as it would increase the likelihood of a rate cut at the Fed’s next meeting.

Several Fed officials—including Raphael Bostic, Jerome Powell, and Austan Goolsbee—have recently expressed caution about cutting rates too soon, citing persistent inflation. Therefore, disappointing job numbers would strengthen the case for easing.

Major Token Unlocks

The market was also watching for several significant token unlocks this week. According to data from DeFi Llama, unlocks totaled around $280 million.

  • Zora, a popular token on the Base blockchain: $9.35 million worth of tokens, or 4.6% of its circulating supply.
  • Sui: $174 million worth of tokens, equivalent to 1.5% of its float.
  • Other notable unlocks included tokens from EigenLayer, Immutable X, Orderly, and Optimism.

Start of Q4 — Historically Bullish

Data from CoinGlass shows that Bitcoin’s average return in Q4 since 2013 is 85%, with a median return of 52%. Ethereum, since 2016, has posted an average Q4 return of 23%.

Given the recent market correction, the seasonal trend could support a potential rebound.

Looking ahead, the fourth quarter brings several key events that could drive prices higher. These includ

Together, these catalysts set the stage for a potentially strong finish to the year in the crypto market.



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Final Fantasy Tactics art shows each character job.
Game Reviews

Final Fantasy Tactics Ivalice Chronicles Jobs Guide: 10 Best Character Classes

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Final Fantasy Tactics is renowned for its clever, quirky, and deeply customizable job system. It might be the best job system in any game ever. It’s certainly the best in Square Enix’s long-running RPG franchise (Final Fantasy XIV fans can fight me in the Dorter Slums after work). But how do you decide which one to choose? Here’s my list of the best ones, based on a combination of their sheer power and how fun they are to play with.

A word of warning: you won’t find jobs like Time Mage, Mimic, or Arithmetician in the ranking below. That’s because while each of those contains some of the most powerful abilities in the game, they are each highly situational and/or better when paired with other jobs as the primary one. So while you should make sure everyone learns some of the Time Mage’s skills, you should never be fielding one just for fun. And while Mimic and Arithmetician are responsible for some of the deadliest combos in the game, they also both come with huge drawbacks that ultimately disqualify them for our purposes here.

The jobs below are the ones that will get you the most bang for your buck and are the ones you’ll want to revert back to once your characters have mastered the rest of their skills.

10. Orator (Requires Mystic Lv.3)

Final Fantasy loves experimenting with offbeat character classes and in Final Fantasy Tactics that’s the Mediator. This job talks and carries a gun. That’s it. While not the most powerful or effective, it’s pretty versatile and lots of fun. Intimidate lowers a unit’s Bravery and can turn them into a chicken. Mimic Darlavon can put even some bosses to sleep. All of these abilities cost zero MP and have no cast time. Also the hat rules.

9. Geomancer (Requires Monk Lv.4)

What if a knight also had magic? This is Final Fantasy Tactics‘ version of the Blue Mage. Geomancers can carry swords and shields but also hit enemies from far away with environmental magic based on what type of terrain they’re standing on. Each attack comes with its own chance to proc a debuff like slow or petrify. The attacks don’t do much damage but they are free, happen immediately, and can chip away at foes while you’re closing the distance.

8. Dragoon (Requires Thief Lv.4)

Dragoons have the tankiest stat growth and also the coolest-looking armor. They can hit from two squares away with javelins, keeping them out of harm’s way for enemy melee counters. Plus they can ignore elevation when moving, and Jump allows them to hit faraway enemies for extra damage while staying out of danger for most of their turn. They aren’t very flashy or fun but they can take a beating and still dish it out, one-shotting pesky enemy mages from far away.

7. Black Mage (Requires Chemist Lv.2)

Black Mages have the highest base magic attack power in the game and make things, including on occasion their friends or even themselves, go boom. All you really need to know.

6. White Mage (Requires Chemist Lv.2)

This is the most versatile magic class because it can revive fallen party members and attack with Holy. Like its Black Mage counter-part, Flare, Holy also only targets one square, letting you nuke enemies without fear of friendly fire. In addition to full-heal revives with Arise, Reraise lets you revive allies ahead of time before sending them to draw enemy fire. The only downside is that all of this costs a boatload of MP.

5. Summoner (Requires Time Mage Lv.3)

Summoners have the most powerful attack spells in the game. Unlike Black Mages, their summons can’t hurt allies and also have wider areas of impact. Cyclops and Bahamut do incredible damage and their casting times in The Ivalice Chronicles remaster have all been buffed. Plus Lich is absolutely necessary for late-game boss fights where enemies have over 1,000 HP. That’s because it does damage on a percentage of total HP basis, letting it hit for 999 damage. Also Golem is a great support summon for soaking up Archer fire in-between turns.

4. Ninja (Requires Archer Lv.4, Thief Lv.5, Geomancer Lv.2)

Two words: Dual-Wield. The only thing cooler than one sword is two swords, and the Ninja job gives you that. Or two flails if you’re an RNG sicko. Ninjas have great movement and speed, and can be outfitted with enough evasion to make their squishy HP less susceptible to being quickly depleted. The throwing attack isn’t the best but it’s another decent ranged option for picking enemies off from afar.

3. Samurai (Requires Knight Lv.4, Monk Lv.5, Dragoon Lv.2)

Okay, maybe I lied. The only thing cooler than two swords is one big sword that you lift up over your head to cast magic with. The Samurai is another interesting riff of the “what if Knight but also Mage?” question. The Iaido abilities scale with magic attack and let you heal, buff, debuff, and damage a big area around your character without having to worry about friendly fire. It can be expensive early on when your swords randomly break in-between uses, but more tanky-ness than the Ninja and Geomancer also adds to the appeal. Some other people would put Ninja ahead of Samurai, and that’s because they get a perverse satisfaction out of constantly having to revive them.

2. Chemist (Unlocked from the start)

Unlocked right from the start, Chemists are the true workhorses of the Final Fantasy Tactics combat economy. They’re far from flashy but they provide incredible value, instantly healing without needing to wait for spells to cast or hoping they have enough MP left in the tank. They also get guns and they automatically discover items hidden beneath them during battle sometimes. There is almost no battle in Final Fantasy Tactics you can’t eventually win simply by throwing dozens and dozens of potions and phoenix downs at it. Plus they have lots of fun pouches.

1. Monk (Requires Knight Lv.3)

The Monk. Where do I begin? They don’t need weapons or hats so you don’t need to spend a ton of money on upkeep. They have the best physical attack growth in the game and the Martial Arts ability is by far the most useful. They have ranged options and can revive allies or get rid of status effects for free. Plus they are the only Job that can restore MP to multiple characters at once, keeping your big Mage guns fueled up. The only drawback is these abilities are severely hampered by differences in elevation so you have to play smart. But when all else fails, just punch everyone in the face really, really hard. Works every time.



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Exchange Review August
NFT Gaming

Traders Eye September Jobs Report for Cues on BTC Breakout Above $120K

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Crypto markets remained unchanged Monday and Tuesday after last week’s $1.5 billion liquidation flush, but traders remain cautious ahead of a critical run of U.S. economic data that could set the tone for October.

Bitcoin bulls defended the $110,000 support level several times over the past week, while Ether clawed back from a sharp dip to $4,075 that coincided with nearly half a billion dollars in leveraged longs being wiped out.

Total market capitalization now sits near $3.85 trillion, about 1.3% lower than a week earlier despite a 3.5% weekend rebound.

The Fed’s most recent rate cut initially provided a modest boost to Bitcoin, but investors say the path forward depends less on past easing than on Powell’s Tuesday speech and upcoming jobs data that is scheduled to be released on Friday at 8:30 a.m. (ET).

“The crypto market is at a macroeconomic crossroads, caught between a softening labor market and resilient economic growth,” said Nick Ruck, director at LVRG Research, in a message to CoinDesk.

“This week’s data — Consumer Confidence, Initial Jobless Claims, and the pivotal September Jobs Report — will be critical in gauging the Fed’s next move. Any signs of further labor market cooling could reignite rate cut expectations, providing a tailwind for majors like BTC, ETH, and XRP. Conversely, strong data may extend the current period of uncertainty and pressure,” he said.

Jobs data shows how many people are getting or losing work in the U.S. economy. If fewer people are working and unemployment rises, it suggests the economy is slowing.

That usually makes the Federal Reserve more likely to cut interest rates to support growth, which can boost risk assets like stocks and crypto. But if job numbers are strong and unemployment stays low, it signals the economy is still running hot. That can keep inflation high, making the Fed less likely to cut rates.

“This macro uncertainty is likely to maintain Bitcoin’s dominance, potentially capping the upside for Ethereum and the broader DeFi sector despite their superior yield opportunities,” Ruck added.

Market structure reflects the indecision. A guage for sentiment fell to 28 on Friday, entering “extreme fear,” before bouncing back to a neutral 50 by Monday. Bitcoin has consolidated in a tight $108,000–$118,000 range, with open interest compressed and funding rates normalized after the liquidations.

“The rebound is coming from roughly the same levels as in early September,” Alex Kuptsikevich, senior market analyst at FxPro, said in an email. “Once again, altcoins are recovering stronger than BTC. Such outperformance in the early stages of recovery often indicates the future winners of the race, which in this case are altcoins.”

Kuptsikevich noted Bitcoin’s technical levels remain pivotal: “At the end of last week, Bitcoin found support at 109,000. It was bought at roughly the same levels as the end of August and even slightly higher, which is positive for the bulls.”

“On the other hand, September’s local high is lower than the previous one, which generally indicates a decrease in volatility and a stronger movement towards a breakout beyond the $108-118K range. Movements within the range can give many false short-term signals,” he noted.

Ethereum faces its own inflection point. Analysts flagged a potential bottom, citing technical exhaustion after last week’s selloff. The token is also in focus after the launch of the first U.S. ETF with staking features, from REX Shares and Osprey Funds, with applications from BlackRock and Fidelity still under SEC review.

News around Solana added to the altcoin narrative. The network’s total value locked surged to $12.2 billion, up 57% since June, prompting fresh calls for a $300 price target. Meme coins have grown more prominent as well, with sector capitalization climbing 70% over three months.

Regulatory headlines, however, kept traders wary. The Wall Street Journal reported that U.S. regulators are probing potential insider trading tied to companies accumulating crypto reserves.
Elsewhere, ratings giant Moody’s separately warned that the rapid expansion of stablecoin use in developing countries poses risks to monetary sovereignty and financial stability.



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Gaming Gear

Tech Tanks in Latest Jobs Report As Most States Struggle to Keep Them

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Last week’s disappointing jobs report showed U.S. job growth stalled significantly in August, with just 22,000 new jobs added, and an unemployment rate that has risen to 4.3%.

It was the worst August report since the pandemic and the market treated it accordingly, welcoming it for the potential rate cuts it may herald but wary of the slower growth it may portend.

“The labor market is showing signs of cracking,” Heather Long, Navy Federal Credit Union senior economist, wrote in a note to investors on Thursday. “It’s not a red siren alarm yet, but the signs keep growing that businesses are starting to cut workers.”

Tech was not spared

Recent employment data confirms an increasingly uneven landscape within the technology sector, reflecting a shift away from the rapid job growth that characterized the early post-pandemic years.

According to a recent analysis by research think tank CompTIA, the sector has experienced a net decline of approximately 2,700 jobs over the past year, a 0.1% decrease.

This contrasts sharply with the period from late 2020 through 2022, when tech companies collectively added over 628,400 jobs across 29 months.

However, the last two years have seen almost 100,000 of those positions cut, indicating a recalibration amid the broader economic and geopolitical shifts.

“Unevenness in the data means acknowledging the employers and job seekers struggling with a multitude of challenges but also recognizing it is not all doom and gloom,” Tim Herbert, chief research officer, CompTIA, said. “Hiring intent data continues to show employers pursuing tech talent across a range of disciplines, from AI and data science to tech support and cloud engineering.”

The hottest spot for hiring was unsurprisingly in the AI skills job listings, which leapt 94% year-over-year according to CompTIA’s AI Hiring Intent Index.

For job postings themselves, 16% were for workers with eight or more years of experience; 21% for workers in the zero to three year range; and almost a third were for workers with four to seven years of experience.

Tech is booming in some surprising areas

Who is hiring and where is also an interesting standout.

Large tech companies showed signs of large hiring sprees: Software publishers like Microsoft and Oracle have collectively added 16,100 jobs in the past year, signaling ongoing strength in areas linked to cloud computing and enterprise software.

But other marquee-name companies like computer-systems designers such as IBM and Booz Allen Hamilton have shed 28,800 roles, reflecting a tilt toward automation and project-specific staffing.

“Only three states, Maine, Delaware and Idaho, saw tech job postings increase in August. In each instance, the increase was less than 100 new postings,” the report found.

“The story was similar at the metro level, with just four markets recording growth. San Jose saw an increase of 127 job postings, from 5,808 in July to 5,935 in August. Little Rock had the biggest percentage increase (+ 10%) in job postings, from 987 in July to 1,090 in August.”

Nancy Tengler, CEO of Laffer Tengler Investments, attributes this trend to increased corporate investment in technology infrastructure and automation rather than direct employment.

“Companies are investing in technology instead of human capital,” she notes in the report.

While some segments remain resilient, the disparate nature of job growth is clear.

The CompTIA analysis underscores the broader narrative of an industry undergoing structural transformation, shifting gears from hiring sprees to strategic investments in technology.

As firms prioritize capital over traditional labor, questions about the future of tech employment and how the workforce can adapt to these changes remain central for policymakers and industry leaders alike. For more details, consult the full report at Morningstar here.



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Crypto Trends

Bitcoin Seesaws as Investors Weigh Weak Jobs Data, Rate Cuts

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In brief

  • The U.S. economy added just 22,000 jobs in August.
  • That locks in rate cuts in the coming months, according to Grayscale’s Zach Pandl.
  • A labor snapshot like Friday’s would typically provoke recession fears, he said.

The price of Bitcoin and other cryptocurrencies seesawed on Friday as investors weighed a weaker-than-expected jobs report against the increased likelihood of rate cuts.

Nonfarm payrolls increased by 22,000 in August, the U.S. Bureau of Labor Statistics said, while economists anticipated that the U.S. economy would add 75,000 jobs last month. The unemployment rate meanwhile ticked up to 4.3% from 4.2% a month prior.

Bitcoin climbed to $113,000 following the report’s release, but then it dove $110,500, while still showing a 1.1% increase over the past day, according to crypto data provider CoinGecko. Ethereum and XRP meanwhile fell 1.1% to $4,300 and 0.7% to $2.82, respectively, over the same period. ETH was more recently down a few fractions of a percentage point, while XRP rose slightly. 



Today’s report could be a catalyst for the next leg up in crypto valuations, if stocks and other risky assets are able to hold up okay, according to Zach Pandl, head of research at the crypto asset manager Grayscale. 

A job report like Friday’s would typically trigger recession fears, he told Decrypt, but there’s an understanding that reduced immigration is negatively affecting growth. 

“We know stocks fall in a recession, but they may not fall in a sluggish labor market driven by immigration cuts,” he said. “We know that reduced immigration has played a big role, and the slowing jobs market is not just about firms pulling back on hiring or on labor demand.”

Friday’s labor snapshot included revisions for June and July, wiping away a total 21,000 jobs across both months. The U.S. economy actually lost 13,000 jobs in June, while employers added 6,000 more jobs in July than originally reported.

The weakness will lock in rate cuts from the Federal Reserve over the coming months, which will likely weigh on the value of the dollar relative to other global currencies and precious metals like gold and silver, Pandl said.

“All else equal, a weaker dollar [and[ stronger gold price is positive for Bitcoin,” he said.

The S&P 500 fell 0.8% on Friday, while the tech-heavy Nasdaq dropped 0.6%. The Dow Jones Industrial Average meanwhile slipped 363 points, after hitting a new record high earlier in the day.

U.S. central bank Chair Jerome Powell acknowledged a sharp falloff in immigration in August. During his speech in Jackson Hole, Wyoming, he said the labor market had reached “a curious kind of balance” that was marked by sluggishness in both the demand and supply for workers. The dynamic suggests downside risks to the labor market are increasing, he added.

With the economy appearing to weaken, traders on Friday abandoned the prospect of the Fed holding rates steady. They assigned an 88% chance of a quarter-percentage point rate cut and 12% probability of a .50% reduction , as the U.S. economy appears weaker, per CME FedWatch.

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Cryptos Steady as Rate Cuts Sentiment Lingers Ahead of Jobs Report
NFT Gaming

Cryptos Steady as Rate Cuts Sentiment Lingers Ahead of Jobs Report

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Bitcoin BTC$112,375.73 steadied near $111,600 on Friday morning, showing relative resilience even as macro jitters pulled global risk assets lower. Ether (ETH) slipped 0.7% to $4,330 while Solana’s SOL (SOL) added 1.3% to trade above $204. XRP XRP$2.8418 hovered near $2.81, flat on the day but up 3.5% over the week.

The week’s backdrop has been dominated by U.S. labor data and shifting expectations around the Federal Reserve. Friday’s jobs report is widely expected to show unemployment climbing, firming bets on a September rate cut. But traders are no longer expecting an extended easing cycle.

“While high unemployment numbers indicated the Fed is likely to cut rates in mid-September, traders now believe that reductions throughout the rest of the year will be limited in scope,” said Jeff Mei, COO at BTSE. “The Fed is wary of introducing too much new money into the economy for fear of inflation. This is why gold has rallied while cryptocurrencies and stocks fell.”

Gold touched a fresh high above $3,500 an ounce earlier this week, indicative of a broad appetite for hard stores of value. That parallel has only heightened comparisons between the metal and bitcoin.

“Bitcoin has matured beyond being just a speculative asset and is widely recognized as a store of value and a hedge against currency debasement, fiscal instability, and geopolitical risk,” said Vikrant Sharma, CEO of Cake Wallet, in a Telegram message.

“Volatility has reduced but not disappeared, which is understandable for an asset just over a decade old. The narrative has shifted: it’s now a strategic allocation rather than just a speculative asset,” he added.

Sharma added that periods of low volatility often precede major price moves. “A $100,000 plus floor makes Bitcoin feel less like a high-beta trade and more like a global reserve asset in the making,” he said.

Despite headwinds, Bitcoin’s dominance has remained firm. It still commands approximately 60% of the total crypto market capitalization, helping to stabilize sentiment even as altcoins have swung sharply.

“Despite recent market volatility, Bitcoin has demonstrated remarkable resilience, dropping only 3% while maintaining its 60% dominance,” said Nassar Achkar, Chief Strategy Officer at CoinW, in an email.

“The Fed’s potential rate cuts later this year, combined with ongoing institutional adoption via ETFs and digital asset tokens, continue to provide strong fundamental support. That said, traders should remain cautious of shifting policies which may drive near-term fluctuations,” Achkar added.

The mixed outlooks come amid market fragility heading into September, historically crypto’s weakest month.



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Crypto Trends

Bitcoin Steady as Traders Look to Friday’s Upcoming Jobs Data

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In brief

  • Bitcoin was flat over 24 hours, clawing back earlier losses to trade at $111,100, CoinGecko data shows.
  • Goldman Sachs expects August payrolls to show 60,000 jobs added versus 75,000 forecast, with unemployment rising to 4.3%.
  • Markets largely expect a 25-basis-point Fed cut on Sept. 17, though wage and unemployment surprises could sway the outlook.

Bitcoin continues to tread water as traders await U.S. labor market figures on Friday, a key data point that could influence the Federal Reserve’s interest rate decision later this month.

The crypto remains little changed on a 24-hour basis, having clawed back losses earlier in the day’s trading session. Bitcoin is hovering near $111,100, CoinGecko data shows.

Goldman Sachs anticipates a weaker August Nonfarm Payrolls report, with a projected addition of only 60,000 jobs against an estimated 75,000, and an expectation that the unemployment rate will rise to 4.3%, its highest level since 2021, according to reporting by TheStreet.



Going into tomorrow’s NFP, the market’s position has a “soft but steady” print supporting a 25-basis-point cut when the Fed meets on September 17, Shawn Young, chief analyst of MEXC Research, told Decrypt.

“Unless we see an unexpected strong upside in jobs and wages, the prevailing expectation is that the Fed will keep going toward easing,” he said.

When asked whether markets had already priced in Friday’s labor data, Young agreed that they had “to a large degree.”

“What’s less certain is the trajectory beyond September,” he said. “Traders are cautiously watching for any wage or unemployment hit that might shift expectations on the pace and depth of any upcoming cuts.”

Bitcoin has continuously tracked equities this year, with macroeconomic data influencing future expectations in the asset’s price as participants attempt to get ahead of weaker U.S. economic growth.

The Fed now faces a challenging position in achieving its dual mandate of both price stability and maximum employment, with core inflation still hovering at 3.1%.

According to an August Challenger report on Thursday, U.S. employers reported 85,979 job cuts in August, up 39% from July’s figures of 62,075, marking the month’s highest since 2020.

A “Goldilocks” report on Friday, which would include moderate job gains, steady unemployment, and contained wages, “should fuel risk-on sentiment,” benefiting both equities and crypto, Young said. 

A downside shock, however, might spark “initial risk-off moves on growth fears,” followed by recovery as markets price in faster Fed easing. 

“Conversely, a strong upside surprise would push yields higher, resulting in the strengthening of the dollar, and pressuring risk assets in the near term,” he said.

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BTC Treads Water, Gold Extends Gain as U.S. Jobs Data Looms: Crypto Daybook Americas
Crypto Trends

BTC Treads Water, Gold Extends Gain as U.S. Jobs Data Looms: Crypto Daybook Americas

by admin



By Francisco Rodrigues (All times ET unless indicated otherwise)

Bitcoin BTC$111,487.44 rose just 0.6% in the last 24 hours, while the wider market as measured by the CoinDesk 20 (CD20) Index added 0.4%. The gain is overshadowed by gold’s increase and a major government bond sell-off.

The precious metal broke through $3,500 per ounce for the first time on Wednesday, helping the tokenized gold market to top $2.5 billion in value as growing bets see the Federal Reserve cutting rates this month. Gold’s advance comes as investors are wary of swelling government debt, prompting a sell-off in long-dated government bonds.

The yield on Japan’s 30-year government bond rose to a record 3.28% following similar moves in the U.S. and U.K. The U.S. 30-year Treasury yield neared 5%, while British gilts reached levels not seen since 1998, at 5.7%.

The turmoil hasn’t added fuel to the crypto market, whose price action remains muted. Deribit’s bitcoin volatility index (DVOL) is now at 38.1, its lowest level since late 2023, while capital is seemingly rotating into ether (ETH).

While spot bitcoin ETFs saw $751 million in net outflows last month, spot ether ETFs brought in a net $3.87 billion. That rotation is also being seen on-chain.

Meanwhile, a joint statement from the SEC and CFTC clarified rules for compliant spot crypto trading in the agencies’ latest effort to clear a way forward for crypto in the U.S.

The statement failed to jolt the crypto market, seemingly as investors await Friday’s U.S. jobs report. A soft reading could nudge the Federal Reserve closer to lowering rates, which would boost the market and other risk assets.

A hotter-than-expected figure, however, could damp sentiment. September has historically been a negative month for the sector, with bitcoin recording a drop of 3.29% on average for the month according to CoinGlass data. Stay alert!

What to Watch

  • Crypto
    • Sept. 3: First day of regular-hours trading on Nasdaq for American Bitcoin (ABTC). The company, backed by Eric Trump and Donald Trump Jr., was formed through a reverse merger with Gryphon Digital Mining and listed after market close on Sept. 2.
    • Sept. 3, 10:15 a.m.: Tellor (TRB), a decentralized oracle network that operates as an Ethereum layer-2 blockchain, will upgrade its mainnet to version 5.1.1. The upgrade improves network performance and node operation.
    • Sept. 4: Polygon will switch its mainnet token to POL from MATIC. Holders of MATIC on Ethereum, Polygon zkEVM or centralized exchanges may need to take action.
    • Sept. 10, 9:15 a.m.: Comptroller of the Currency Jonathan V. Gould will talk about digital assets at the CoinDesk: Policy & Regulation Conference in Washington.
  • Macro
    • Sept. 3, 8 a.m.: Brazil’s Institute of Geography and Statistics (IBGE) releases July industrial production data.
      • Industrial Production MoM Est. -0.3% vs. Prev. 0.1%
      • Industrial Production YoY Est. 0.2% vs. Prev. -1.3%
    • Sept. 3, 9 a.m.: S&P Global releases August Brazil data on manufacturing and services activity.
      • Composite PMI Prev. 46.6
      • Services PMI Prev. 46.3
    • Sept. 3, 10 a.m.: The U.S. Bureau of Labor Statistics releases July labor market data (the JOLTS report).
      • Job Openings Est. 7.4M vs. Prev. 7.437M
      • Job Quits Prev. 3.142M
    • Sept. 4, 8:15 a.m.: Automatic Data Processing (ADP) releases August U.S. private-sector employment data.
      • Employment Change Est. 68K vs. Prev. 104K
    • Sept. 4, 9:30 a.m.: S&P Global releases August Canada data on manufacturing and services activity.
      • Composite PMI Prev. 48.7
      • Services PMI Prev. 49.3
    • Sept. 4, 9:45 a.m.: S&P Global releases (final) August U.S. data on manufacturing and services activity.
      • Composite PMI Est. 55.4 vs. Prev. 55.1
      • Services PMI Est. 55.4 vs. Prev. 55.7
    • Sept. 4, 10 a.m.: The Institute for Supply Management (ISM) releases August U.S. services sector data.
      • Services PMI Est. Est. 51 vs. Prev. 50.1
    • Sept. 4, 1 p.m.: Uruguay’s National Institute of Statistics releases August inflation data.
      • Inflation Rate YoY Prev. 4.53%
    • Sept. 4, 3 p.m.: Colombia’s National Administrative Department of Statistics (DANE) releases August producer price inflation data.
  • Earnings (Estimates based on FactSet data)
    • Sept. 9: GameStop (GME), post-market

Token Events

  • Governance votes & calls
    • Arbitrum DAO is voting on upgrading Arbitrum One and Nova to ArbOS 50 Dia, adding support for Ethereum’s Fusaka fork, new EIPs, bug fixes and a native mint/burn feature (for Orbit chains only). Voting ends Sept. 4.
    • Uniswap DAO is voting on deploying Uniswap v3 on Ronin with $1M in RON and $500K in UNI incentives to make it the chain’s primary decentralized exchange. Voting ends Sept. 6.
    • Lido DAO is voting on a proposal to migrate Nethermind’s ~7,000 Ethereum validators to infrastructure operated by Twinstake, a staking provider co-founded by Nethermind. Voting ends Sept. 8.
    • Sept. 2, 6 a.m.: Bybit and Centrifuge to host an ask me anything (AMA) session on X spaces.
    • Sept. 3: Stellar XLM$0.3649 to host vote on Protocol 23 mainnet upgrade.
    • Sept. 3, 10 am: Lido to host a Poolside Community Call.
    • Sept. 3, 10 a.m.: Zebec Network ZBCN$0.004202 to host spaces event on blockchain integrations.
    • Sept. 3, 12:30 p.m.: Aptos APT$4.3209 to host hangout on ecosystem updates.
    • Sept. 4, 10 a.m.: OlympusOHM$131.29 to host community call.
  • Unlocks
    • Sept. 5: Immutable (IMX) to unlock 1.27% of its circulating supply worth $13.26 million.
    • Sept. 11: Aptos APT$4.3209 to unlock 2.2% of its circulating supply worth $48.18 million.
    • Sept. 15: Starknet (STRK) to unlock 5.98% of its circulating supply worth $16.39 million.
    • Sept. 15: Sei SEI$0.2886 to unlock 1.18% of its circulating supply worth $16 million.
    • Sept. 16: Arbitrum ARB$0.5017 to unlock 2.03% of its circulating supply worth $47.15 million.
  • Token Launches
    • Sept. 3: Moonchain (MCH) to be listed on Binance Alpha, MEXC, Gate.io and others.

Conferences

The CoinDesk Policy & Regulation Conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB15 for 15% off your registration.

Token Talk

By Oliver Knight

  • Bitcoin BTC$111,487.44 dominance, a key metric when assessing whether the crypto market is in “altcoin season” has ticked down another notch to around 58%, having been above 61% just 30 days ago.
  • The drop-off demonstrates a change in trader behavior: Typically altcoins perform poorly when BTC enters a downtrend, this time, however, many have held their value while some have outperformed the market’s largest asset.
  • Bitcoin is down by 2.91% in the past 30 days while the likes of ether (ETH) and solana SOL$210.66 are up by 21% and 27.5%, respectively.
  • While the gains have been driven by the adoption of several altcoins in corporate treasuries, they can also be attributed to a recalibration of the entire market.
  • During BTC’s rise to a $124,000 record high last month, the narrative was solely focused on bitcoin and it’s perceived correlation with the well-performing tech sector in equities.
  • It’s worth noting that in previous cycles bitcoin dominance slumped all the way down to 39%, indicating that the altcoin resurgence still has some way to go.
  • However, as liquidity flowed into BTC, several altcoins fell to record lows against bitcoin, leading to a number being “oversold” on technical indicators like relative strength index (RSI).

Derivatives Positioning

  • The total open interest across all perpetual instruments increased overnight to $114 billion, data from Laevitas show.
  • A liquidations heatmap for the BTC-USDT pair on Binance shows that bitcoin is trading between two significant liquidation clusters. Above the current price, a $90 million cluster of liquidations sits around the $112,200 mark. To the downside, the largest cluster is valued at $76.6 million, located around $110,000.
  • According to Deribit options data, the 24-hour BTC put-call volume is 26.4K contracts, with calls accounting for 51.6% of the total. The contract with the highest volume is the $108K strike price put expiring Sept. 26.
  • That’s followed by the call at a strike price of $114K expiring on the same day.
  • The funding rate heatmap on Coinglass remains positive for most assets, indicating a general bullish sentiment. The one exception is TRX, which has a negative funding rate, reflecting a -10.2% APR.

Market Movements

  • BTC is down 0.1% from 4 p.m. ET Tuesday at $111,323.58 (24hrs: +0.92%)
  • ETH is up 0.82% at $4,348.94 (24hrs: -0.89%)
  • CoinDesk 20 is up 0.59% at 4,046.65(24hrs: +1.01%)
  • It’s worth noting that in previous cycles bitcoin dominance slumped all the way down to 39%, indicating that the altcoin resurgence still has some way to go.

Derivatives Positioning

  • DXY is down 0.15% at 98.25
  • Gold futures are up 0.36% at $3,605.20
  • Silver futures are unchanged at $41.62
  • Nikkei 225 closed down 0.88% at 41,938.89
  • Hang Seng closed down 0.6% at 25,343.43
  • FTSE is up 0.43% at 9,155.78
  • Euro Stoxx 50 is up 0.84% at 5,335.46
  • DJIA closed on Tuesday down 0.55% at 45,295.81
  • S&P 500 closed down 0.69% at 6,415.54
  • Nasdaq Composite closed down 0.82% at 21,279.63
  • S&P/TSX Composite closed up 0.18% at 28,615.62
  • S&P 40 Latin America closed down 0.32% at 2,760.02
  • U.S. 10-Year Treasury rate is up 0.2 bps at 4.279%
  • E-mini S&P 500 futures are up 0.46% at 6,454.75
  • E-mini Nasdaq-100 futures are up 0.68% at 23,433.75
  • E-mini Dow Jones Industrial Average Index are unchanged at 45,352.00

Bitcoin Stats

  • BTC Dominance: 58.59% (+0.04%)
  • Ether-bitcoin ratio: 0.0389 (0.01%)
  • Hashrate (seven-day moving average): 1,001 EH/s
  • Hashprice (spot): $54.39
  • Total fees: 4.97 BTC / $548,282
  • CME Futures Open Interest: 133,410 BTC
  • BTC priced in gold: 31.4 oz.
  • BTC vs gold market cap: 8.85%

Technical Analysis

  • PUMP has been one of the strongest tokens in recent days, backed by strong fundamentals such as its buyback program and the recently announced Project Ascend — a series of updates that focuses on growing the Pump.fun ecosystem and infrastructure.
  • After breaking the bearish trendline last week, PUMP has reclaimed the 20-day exponential moving average.
  • Bulls are looking for the token to continue this upward trend and flip the $0.004 level, which has proven to be a tough resistance point over the last month.
  • A successful breakout above this price would signal strong bullish momentum.

Crypto Equities

  • Coinbase Global (COIN): closed on Tuesday at $303.56 (-0.32%), +0.74% at $305.80 in pre-market
  • Circle (CRCL): closed at $120.14 (-8.97%), +2.22% at $122.81
  • Galaxy Digital (GLXY): closed at $24.16 (+2.85%), +0.99% at $24.40
  • Bullish (BLSH): closed at $62.03 (+5.08%), -0.55% at $61.69
  • MARA Holdings (MARA): closed at $16.06 (+0.5%), +0.31% at $16.11
  • Riot Platforms (RIOT): closed at $14.09 (+2.4%), +0.5% at $14.16
  • Core Scientific (CORZ): closed at $14 (-2.44%), unchanged in pre-market
  • CleanSpark (CLSK): closed at $9.64 (+1.8%), +0.1% at $9.65
  • CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $31.64 (+3.33%), +2.84% at $32.54
  • Exodus Movement (EXOD): closed at $24.79 (-1.71%), -1.21% at $24.49

Crypto Treasury Companies

  • Strategy (MSTR): closed at $341.62 (+2.16%), +0.66% at $343.88
  • Semler Scientific (SMLR): closed at $29.37 (-0.91%)
  • SharpLink Gaming (SBET): closed at $16.98 (-4.71%), +0.94% at $17.14
  • Upexi (UPXI): closed at $6.89 (-4.7%), +3.48% at $7.13
  • Mei Pharma (MEIP): closed at $4.85 (-0.21%), +1.44% at $4.92

ETF Flows

Spot BTC ETFs

  • Daily net flows: $332.8 million
  • Cumulative net flows: $54.55 billion
  • Total BTC holdings ~1.29 million

Spot ETH ETFs

  • Daily net flows: -$135.3 million
  • Cumulative net flows: $13.4 billion
  • Total ETH holdings ~6.56 million

Source: Farside Investors

Chart of the Day

  • While BTC futures volumes on the CME exchange fell 17% to $148 billion in August, the ETH futures volume surged by 48% to $123 billion, an all-time high.
  • The trading volume of SOL futures and XRP futures also surged to records, rising 41% and 51% to $8.60 billion and $7.32 billion, respectively.
  • The figures highlight the heightened institutional interest in altcoins in recent weeks.

While You Were Sleeping

In the Ether



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A gold bar (Scottsdale mint/Unsplash)
Crypto Trends

BNB Slips Below $860 as Resistance Holds and Traders Brace for U.S. Jobs Data

by admin



The price of BNB saw sharp intraday swings over the past 24-hour period as it continued to drop from an all-time high of $900 seen late last month.

Over a 24-hour window, the asset traded between $849.88 and $868.76, a 2% move that began with bullish momentum but ended with signs of fatigue near resistance.

The volatility follows filings with the U.S. Securities and Exchange Commission by REX Shares late last month, along with the rise of BNB-focused treasury firms. The latest, B Strategy, aims to hold up to $1 billion worth of BNB with backing from the investment firm led by Binance co-founders Changpeng Zhao and Yi He.

While BNB failed to hold on to its gains from earlier, underlying network activity surged. Daily active wallet addresses on BNB Chain more than doubled, climbing to near 2.5 million according to DeFiLlama data.

Yet, transaction volumes have been dropping steadily since late June, data from the same source shows. BNB’s price drop also comes ahead of key economic data from the U.S. this week, including surveys of manufacturing and services and August payroll figures.

Jobs data could influence the odds of the Federal Reserve cutting interest rates this month. As it stands, the CME’s FedWatch tool weighs a near 90% chance of a 25 bps cut, while Polymarket traders put the odds at 82%.

Technical Analysis Overview

BNB entered the session with a surge from $860.30 to $868.08, but the rally quickly lost steam. Heavy selling pressure emerged around the $867–$868 level, a zone that has now established itself as a key resistance ceiling, according to CoinDesk Research’s technical analysis model.

Volume surged during this attempt, peaking at 72,000 tokens, well above the average of 54,000, indicating a high level of participation during the failed breakout.

After the rejection, BNB retraced toward the $850–$855 range, where buying interest emerged. This was most visible as the token dipped to $851.40, triggering a volume spike. This response pointed to solid demand at these lower levels.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Meet the Top 10 AI-Proof Jobs That Everyone Wants
Product Reviews

Meet the Top 10 AI-Proof Jobs That Everyone Wants

by admin


AI is rapidly scaling in the workforce and creating fears of an employment crisis, as workers and people entering the workforce try to figure out if their career is on the chopping block.

That quick pace is backed by emerging data. As a result, people are trying to find “AI-proof” jobs that can guarantee job security as companies around the world choose to automate tasks instead of hiring new workers.

Although no study can definitively say which occupations are 100% AI-proof and which are doomed to automation, a recent Microsoft study and its findings can shed a light on the matter.

A Microsoft study published last month measured how AI can productively apply to the common tasks of different jobs.

Microsoft researchers analyzed more than 200 thousand anonymized conversations from Bing Copilot, the company’s search engine chatbot, from January 2024 through September 2024 to see “what tasks users perform with a mainstream, publicly available, free-to-use generative AI chatbot,” the study says.

The study then developed “AI applicability scores” for these jobs, a number that represents the combination of which work activities people sought the most AI assistance for plus how successful these tasks were and their scope of impact.

There are caveats

Although the study shows which occupations AI can automate best, and those which it can’t do as well, Microsoft says that doesn’t necessarily mean that those jobs will be eliminated.

The AI applicability score highlights “where AI might change how work is done, not take away or replace jobs,” Microsoft representatives told Gizmodo earlier this month.

“Our research shows that AI supports many tasks, particularly those involving research, writing, and communication, but does not indicate it can fully perform any single occupation,” Microsoft said.

The data also does not imply that jobs with high AI applicability scores will have higher wages thanks to AI incorporation, the study noted, because the data does not include “the downstream business impacts of new technology.”

Read more about AI’s predicted effect on the corporate world from Gizmodo here.

Why companies automate

Microsoft believes AI can be used to augment these jobs rather than completely automating them.

But is that what corporate executives want? It’s tough to make a blanket statement on that, but early signs indicate that executives might be more pro-automation than not.

Increasingly, executives around the corporate world are voicing their expectations and desires to see AI cut costs across the workplace. This news has naturally led to a slowdown in hiring, particularly impacting early career workers in white-collar fields to which, as the Microsoft study also shows, AI poses the biggest threat.

“Artificial intelligence is going to replace literally half of all white-collar workers in the U.S.,” Ford CEO Jim Farley said at the Aspen Ideas Festival just last month.

Several executives have also already put into effect new hiring policies this year that ask managers to explain why an AI agent can’t fulfill the role before they can go ahead with hiring a new worker.

Just because you can doesn’t mean you should

AI can cut labor costs and increase profit for companies. But that is not yet a case for wholesale automation.

Although AI can automate some of these jobs, it doesn’t mean it can do a great job at it.

For example, Microsoft says that writers are in the top 10 for highest AI applicability. But AI-generated writing has been criticized far and wide, particularly for its bountiful copyright issues as AI feeds on the work of existing human writers to “create” new pieces.

The disruption of the labor market that is bound to follow the automation of certain jobs should also be a cause for concern.

Former Google executive Mo Gawdat said earlier this month that he believes this AI-driven labor problem is one of several aspects of the way we approach AI that is bound to lead to a short-term dystopia in the next 15 years.

Much like the Microsoft researchers that worked on the study, many other experts argue that the augmentation of AI into certain fields is a much better way to fuse AI into the economy for productivity gains than automation.

So what are the jobs?

Here are the ones most likely to stay human-run, the study says:

10. Tire Repairers and Changers

9. Ship Engineers

8. Automotive Glass Installers and Repairers

7. Oral and Maxillofacial Surgeons

6. Plant and System Operators

5. Embalmers

4. Helpers-Painters, Plasterers

3. Hazardous Materials Removal Workers

2. Nursing Assistants

1. Phlebotomists (aka healthcare professionals trained to collect blood samples)

AI works with data. So it is not surprising that the list overwhelmingly includes healthcare industry jobs, and blue collar work, both of which require specialized physical expertise rather than clear-cut data synthesis.

In the healthcare industry specifically, AI adoption has also been particularly slow due to limited datasets. Only less than 10% of surgical data is publicly available due to strict regulations.

The jobs that are at highest risk 

Microsoft also looked at jobs that it deemed had the highest levels of AI applicability. Those were, rather unsurprisingly, knowledge work occupations and sales roles, where AI is already being rapidly incorporated.

Here is the list of the top 10 jobs that have the highest levels of AI applicability:

10. Broadcast announcers and radio DJs

9. Ticket agents and travel clerks

8. Telephone operators

7. CNC tool programmers

6. Customer service representatives

5. Writers and authors

4. Sales representatives of services

3. Passenger attendants

2. Historians

1. Interpreters and translators



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