Surely some BTC lost the $86K mark and ~$650M was liquidated 😁
Summarize for everyone as follows 👇
🔻 Macro - U.S. labor market
- The U.S. labor market continues to cool significantly
- The nonfarm hiring rate dropped to 3.2%, the lowest since the COVID low
- Over the past 4 years, this index has decreased by a total of 1.4 percentage points, to a level equivalent to December 2008.
- Comparing to the recession of 2001, the hiring rate remains at 3.7% - 4.0%.
- The private sector reports a hiring rate of 3.5%, the lowest since 01/2011, matching the 2020 low.
🔻 Infrastructure & RWA continue to expand
- $AXL: Interop Labs (the original development team of Axelar Network) reaches an agreement to join Circle, including personnel & exclusive IP.
→ Axelar Network, Foundation and token $AXL remain independent, governed by the community.
- $ONDO Ondo Finance announces plans to integrate Solana by early 2026, bringing tokenized stock & ETF platforms to Solana. This move comes after the conclusion of the SEC investigation (2024) Total trading volume exceeds $2B, with over $1B in the past month
- $ASTER launches Shield Mode: High leverage trading, no public order book, no need for cross-chain switching...
- $ZKP team zkPass hints: “Big week for verifiable internet” 👉 Anyone following ZK should pay attention this week
🔻 Institutional flow: still buying, not saying much
1/ Strategy $MSTR:
- Buy an additional 10,645 $BTC (~$980M) at an average price of ~$92,098/BTC
- Total holdings: 671,268 BTC average price ~$74,972/BTC
- BTC Yield YTD 2025: ~25%
2/ BitMine Immersion $BMNR:
- Add another 102,259 $ETH worth ~321 million USD, raising total holdings to 3,967,210 ETH
- The long-term goal is to hold 5% of total ETH supply. So far, Bitmine has completed about 64% of the set goal.
🔻 Derivatives - legal - TradeFi Onchain
- CME launches XRP & SOL (spot-quoted) futures → Completes the BTC – ETH – SOL – XRP set for institutional flow
- UK confirms it will start regulating crypto from 10/2027 → Choosing a path similar to the U.S., not following the EU's MiCA
- JPMorgan launches a tokenized money market fund (MONY) on Ethereum with a capital of $100M
Source: Layerggofficial
