Crypto Pulse

Overview For a few minutes on the first Friday of every month, bitcoin, gold, equities and the dollar all move at the same instant. The trigger is the U.S. nonfarm payrolls report, one of the very few data releases capable of repricing every major asset class simultaneously. The most recent edition landed on October 2, 2026, when the U.S. Bureau of Labor Statistics reported that the economy added just 29,000 jobs in September, far below consensus, with the unemployment rate climbing unexpectedly

Overview September payrolls came in at 29,000, far below consensus, the unemployment rate rose to 4.2%, and futures pricing for an October Federal Reserve hike collapsed from above 60% to roughly a fifth. By the reflexes of the past two years, that combination should have been a clean upside catalyst for risk assets. Bitcoin did spike, touching $87,229 within hours of the release, and then handed back every dollar of the move before the session closed lower on the day. The question worth answeri

Overview The Bureau of Labor Statistics reported on October 2 that U.S. nonfarm payrolls rose by just 29,000 in September, far short of the roughly 90,000 economists had penciled in, while the unemployment rate ticked up to 4.2% from 4.1%. The revisions were arguably more telling: July was cut from a gain of 21,000 to a loss of 10,000, August was lowered from 162,000 to 133,000, and the two months together were marked down by 60,000. Markets moved quickly. Bitcoin pushed above $87,000 at one poi

DeFi is one of the most difficult sectors to break into. Established protocols such as Aave and Morpho already have deep liquidity and large user bases. Yet a differentiated product can still attract capital. Concrete has reached approximately $1.2 billion in deposits, processed more than $23 billion in cumulative volume, and attracted around 54,000 depositors.Concrete helps wallets, exchanges, and institutions bring capital on-chain and allocate it through a unified vault structure. However, sc

Overview On September 30, a softer-than-expected August reading of the US personal consumption expenditures price index pushed Bitcoin from roughly $83,800 to above $85,500 within the hour. By October 1 almost all of that move was gone and the price sat near $84,000. Over the same stretch the 10-year Treasury yield stayed pinned around 5.3%, refusing to follow inflation lower. A benign inflation print could not hold the bid, while a stubborn yield curve pushed it back. That single session is the

Overview Nike beat on earnings, expanded gross margin and cut inventory in its fiscal 2027 first quarter. The stock still fell more than 6% in after-hours trading on October 1, touching roughly $32.96 and breaking below a 52-week low of $35.02. The combination looks contradictory only until you read the outlook. What repriced the shares was not the quarter that ended on August 31. It was the year ahead. Nike guided fiscal 2027 revenue to decline by a high-single-digit percentage and set adjusted

Overview Bitcoin has just closed its strongest quarter of 2026, gaining roughly 43% in the third quarter for its second-best Q3 on record, while Ethereum rose about 71% over the same period for its best third quarter ever. Beneath the price action, the market structure has shifted. Bitcoin dominance has slipped to around 58.6% in early October, Ethereum's share has climbed to 11.5%, and everything else now accounts for 30% of total crypto market value. Capital is no longer flowing in one directi

Overview The U.S. Securities and Exchange Commission voted on October 1 to propose a tailored custody framework for crypto assets, finally putting a rule text behind a question that has hung over the asset management industry for three years: where registered investment advisers and regulated funds are actually allowed to keep client crypto. According to the agency's press release, the proposal sits under the Investment Advisers Act of 1940 and the Investment Company Act of 1940, would permit cr

Overview At 08:00 UTC on September 25, roughly $16 billion of Bitcoin options settled on Deribit, clearing out more than a third of the venue's outstanding Bitcoin options exposure in a single half-hour window. Positioning did not reset into calm afterwards. It rolled forward, and the market immediately began pricing the next set of dates. Expiries matter not because of what happens on the day itself but because they are among the few liquidity events that can be known in advance: the contract c

Overview Bitcoin just closed its strongest quarter since 2024, and the derivatives market spent that same stretch shedding exposure. CoinDesk, citing CoinGlass data, reported on September 28 that coin-denominated futures open interest had fallen to roughly 652,000 BTC, near its lowest level of the year and well below the 800,000 peak set in early 2026. Perpetual funding rates across major venues had flipped negative at the same time, averaging about minus 0.3% on an annualized basis. A rally run