Binance contract will launch ETHUSD1 perpetual contract on July 3rd

Nick Timiraos pointed out that the US unemployment rate in June was 4.189%, the lowest level since 4.140% in June last year. AI interpretation: The unemployment rate dropping to a new low in a year directly proves the extreme tightness of the US labor market. This strong performance completely shattered concerns about an economic recession and provided solid confidence for the Federal Reserve to maintain its high interest rate policy. The market must revise its overly aggressive expectations of interest rate cuts, as the hot job market directly increases the risk of wage inflation. This data is the strongest footnote to economic resilience, clearly blocking the space for monetary policy to shift towards easing in the short term.

According to feedback from community user @ CG_SRC20, there is a vulnerability in the Alkanes protocol for unlimited token issuance. A certain address has minted 100 million DIESEL tokens, and currently the Espo browser and Subfrost interface cannot display assets. The official Telegram group administrator of Alkanes stated that the funds are safe and users holding the assets need to be aware of the risks.

Nick Timiraos pointed out that over the past six months, the private sector has added an average of 88000 new jobs per month, the highest growth rate in two years; The average monthly increase in total employment positions is 92000, the highest growth rate since early 2025.

The New York Times commented that the Federal Reserve's focus is on the unemployment rate, which shows that the labor market remains stable, the growth rate of new jobs slowed down in June, and there was no significant increase in layoffs.

Spot gold reached $4130 per ounce, up 2.45% for the day, and has risen nearly $60 since the non farm payroll announcement. AI interpretation: Non farm data, as the core indicator of the labor market, has directly triggered strong market expectations for a shift in monetary policy. The significant fluctuations in the job market have changed the risk appetite of funds, driving the prices of safe haven assets to rapidly rise. This market trend reflects investors' concerns about slowing economic growth and strengthens the market's pricing of the Federal Reserve's interest rate cut path. The strong performance of gold has established the dominant position of risk aversion in the current market and further suppressed the short-term trend of the US dollar.