American Oilseed Processors Association (NOPA): U.S. soybean oil inventories in October 2024 are 1.069 billion pounds, market expectations are 1.09 billion pounds, September data is 1.066 billion pounds; soybean crushing in October 2024 is 199.959 million bushels, market forecasts...

The S & P 500 index broke through 6,000 points for the first time since February.

U.S. stocks opened with the Dow up 315 points, the S & P 500 up 0.88% and the Nasdaq up 1.1%. Musk and Trump are expected to reconcile, with Tesla (TSLA. O) up 4% and Trump Media Technology Group (DJT. O) up 1.5%. Stablecoin giant Circle (CRCL. K) rose 17% and closed up 168% on its first day of trading yesterday. Nasdaq China Golden Dragon fell 0.6%.

Uniswap Labs published data on the X platform, Uniswap v4 online only 4 months trading volume exceeded 40 billion dollars.

Fed officials have said they are likely to focus more on unemployment than job growth in assessing whether demand for labour is slowing. The reason is that they expect job growth to naturally slow as tighter border controls reduce the number of people available for work. When job growth slows and the unemployment rate remains stable, it may indicate that the supply of labour is falling faster than demand. The Fed's bottom line is that as long as the unemployment rate remains at current levels, t...

Jamie Cox, managing partner at Harris Financial Group, said the US labour market remained strong but was cooling. Given the heavily revised pre-farm report, I expect the Fed to resume rate-cutting mode in July. Wages are stable but likely to change in the coming months. The biggest variable in the labour market is housing, which is showing early red flags and a cooling labour market will exacerbate this trend.

The market shows that Nasdaq 100 index futures and S & P 500 index futures rose by 1%.

Digital asset banking group Sygnum announced the completion of a $58 million strategic growth round of financing, with a post-money valuation exceeding $1 billion. This round of financing was led by Fulgur Ventures, a venture capital institution specializing in bitcoin technology. New and old investors and company employees participated together, and the founding team still maintained a controlling position. The funds will be mainly used for European Union/European Economic Area market expansion...

Glassnode posted an analysis saying that long-term BTC holders are selling slowly due to the lack of a strong upside catalyst and the increased risk of a short-term pullback. The on-chain model shows key support levels: the 0.95 SSD sub-check point is at around $103,700, and the 0.85 SSD sub-check point is at $95,600. If profit-taking continues, these levels need to be watched.

Wall Street traders scaled back their bets on a rate cut after Friday's stronger-than-expected May non-farm payrolls report. Interest rate futures showed a 25 percent chance of three or more 0.25 percentage point rate cuts this year, down from 36 percent on Thursday, according to CME. The chance of one or zero rate cuts rose to 34 percent from 25 percent. (Jin Ten)

A senior White House official said Mr. Trump was considering selling or giving away the red Tesla he bought earlier this year to promote Mr. Musk's business at the White House. As of Thursday evening, the vehicle remained parked outside the West Wing.

According to market news, a growing number of large technology companies such as Apple, X, and Airbnb are exploring the adoption of cryptocurrencies.

Analysts commented on the US non-farm payroll data, which looks like a good set of numbers. Job growth was largely in line with expectations, and the unemployment rate remained at 4.2%. (Jin Ten)