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DIGITAL ASSETS · MARKET OBSERVATION

A look at the pre-market news for U.S. stocks: The narrative of interest rate hikes and cooling continues, and mainstream crypto treasury companies increase their holdings massively

According to BlockBeats news, on October 5, the important news in the U.S. stock market before the market opens on Monday is as follows:

· The market continues to digest last Friday’s weaker-than-expected non-farm payrolls data for September, with focus turning to this week’s FOMC meeting minutes and subsequent inflation data.

· Cleveland Fed President Hammack said the employment data was in line with recent trends and the Fed still has time before deciding its next move.

· Miran, chairman of the White House Council of Economic Advisers, questioned the rationale for raising interest rates in September and suggested no action should be taken in October.

· Trump announced the establishment of a "Superintelligence Task Force" to coordinate the U.S. federal government's work in the field of superintelligence.

· The 10-year U.S. Treasury yield remained at 5.277% and the 30-year Treasury yield was at 5.63%, still at multi-year highs. Traders are paying close attention to this week's FOMC meeting minutes and long-term bond auctions.

· Tesla rose slightly before the market opened. Musk confirmed that he was negotiating with TSMC about Terafab chip manufacturing cooperation, saying that "it is just a discussion, but there may be results."

· Intel fell more than 4% before the market opened, falling in sync with Micron Technology and AMD, while Nvidia rose more than 0.5% before the market opened, after hitting a record high in intraday trading last Friday.

· Morgan Stanley reiterated its “overweight” rating on SpaceX with a price target of $300, believing its valuation, adjusted for growth, is about 40% lower than its mega-cap AI peers.

· Strategy purchased 334 BTC last week at an average price of US$85,839, increasing its total holdings to 848,000, and repurchased US$176 million of STRC.

· Bitmine increased its holdings of 15,112 ETH last week and now holds 6,016,414 ETH, accounting for 4.9% of the total ETH supply.

· Brent crude oil rose by about 0.3% to US$102.67/barrel, and WTI crude oil fell by about 0.6% to US$88.92/barrel. Oil price trends were divergent.

· Spot gold rose about 0.37% to near $4,154 per ounce, and spot silver rose nearly 2%.

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