ADP's four-week moving average report shows that private sector employers averaged 11,250 job cuts per week in the four weeks ending October 25, 2025, indicating that the labor market is struggling to sustain job creation in the second half of the month. These figures are preliminary and may change as new data is added. Last week, ADP's National Employment Report showed a recovery in job growth in October after two months of decline, with private sector employers adding 42,000 jobs. While this growth was welcome, it was not broad-based. Education and healthcare, as well as trade, transportation, and utilities led the growth. Employers in professional business services, information, and leisure and hospitality industries cut jobs for the third consecutive month. A growing consensus is that job growth will remain slow indefinitely due to reduced demand for workers and supply shortages. ADP Chief Economist Nela Richardson stated that economists are looking for a new break-even point as both labor supply and demand slow down. This is the minimum number of jobs the economy needs to add each month to keep the unemployment rate stable. Looking ahead, the break-even point is no longer likely to be a stable constant, but rather more likely to fluctuate. (Jinshi)

ADP, a jobs data company, estimated that the private sector lost 11,250 jobs per week in the four weeks ending October 25. This is the latest in ADP's weekly data series, which estimates changes in private sector employment over the previous month. Another data series released last week projected that the private sector added 42,000 jobs in October. This data is intended to more closely replicate the non-farm payroll report. Following the data release, the US dollar index (DXY) briefly plunged, non-US currencies collectively rose, and spot gold edged higher. (Jinshi)

The Hong Kong Special Administrative Region (HKSAR) Government issued its third tranche of digital green bonds, valued at approximately HK$10 billion, covering Hong Kong dollars, renminbi, US dollars, and euros. This issuance marks another milestone in the HKSAR Government's efforts to promote bond tokenization. In addition to traditional settlement methods, the primary issuance of Hong Kong dollar and renminbi bonds also introduced the option of settlement using tokenized central bank currencies. This helps to further shorten settlement time, reduce costs, and mitigate counterparty credit risk. These are also among the world's first digital bonds to utilize tokenized renminbi and Hong Kong dollar central bank currencies in the settlement process. All bond issuances in all currencies adopt Digital Token Identifiers (DTIs), a global identification standard for digital tokens defined by the International Organization for Standardization (ISO) standard ISO 24165. (Hong Kong Government Press Release)

According to BlockBeats, the euro has risen against the U.S. dollar, with the EUR/USD exchange rate surpassing 1.16, marking a 0.39% increase within the day. Meanwhile, the U.S. dollar has weakened against the Japanese yen, with the USD/JPY dropping over 50 points to 153.73. Additionally, the U.S. dollar has fallen below 0.80 against the Swiss franc, experiencing a 0.62% decline during the day.

According to BlockBeats, the U.S. Dollar Index (DXY) experienced a short-term decrease of 15 points, with the latest report showing it at 99.37.

Nasdaq-listed fintech company SoFi Technologies announced the launch of its crypto banking service, SoFi Crypto, aiming to become a nationwide, consumer-facing licensed cryptocurrency trading bank. It currently supports the buying, selling, and holding of dozens of cryptocurrencies, including BTC, ETH, and SOL. (Businesswire)

ClearStreet analyst Owen Lau upgraded cryptocurrency platform Bullish from "Hold" to "Buy," citing the company's growing market share and expanding product line, although he lowered his target price from $60 to $57. The analysis suggests that Bullish's share of global cryptocurrency spot trading jumped from 2.1% in Q3 to 3.7% in November, taking trading volume away from competitors Bitget, Bybit, and Gate. Furthermore, the company's trading volume in October increased by 70% compared to the previous quarter's monthly average. (CoinDesk)

Warren Buffett's Thanksgiving address: Accelerating philanthropy, bidding farewell to the podium, and the future of Berkshire Hathaway.

According to the official announcement, Binance Wealth Management, One-Click Crypto Buying, Instant Exchange, Leverage, and Futures will list Allora (ALLO). Binance's full margin and isolated margin trading will add ALLO as a borrowable asset on November 11, 2025 at 22:00 (UTC+8), along with ALLO/USDT and ALLO/USDC full margin and isolated margin trading pairs. Binance will also launch ALLO 1-50x USDT-margined perpetual contracts on November 11, 2025 at 22:00 (UTC+8).

According to the official announcement, Binance will launch multiple Allora (ALLO) product services on November 11, 2025 at 14:00 (UTC). Specifically, this includes: launching ALLO flexible products on Binance Easy Earn; supporting ALLO trading on the buy page; supporting zero-fee ALLO trading in Instant Swap; adding ALLO as a borrowable asset and ALLO/USDT and ALLO/USDC trading pairs to margin trading; and launching USDT-margined ALLO perpetual contracts in contract trading, supporting up to 50x leverage. (This news item was generated with AI assistance.)

Institutions are exploring blockchain settlement, but they cannot move forward without system-level privacy, says ZKsync developer. source: https://cointelegraph.com/news/privacy-tools-rising-institutional-adoption-zksync?utm_source=rss_feed&utm_medium=rss%3Ftimestamp%3D1762867945976%26_dc%3D1762867945976%26_nocache%3D1762867945976&utm_campaign=rss_partner_inbound

This article, drawing on the author's practical experience, analyzes the case of a person who used PVN to exploit airdrops and earned 5 million, only to have it all confiscated.

When project exposure no longer depends on the preferences of a particular person or platform, project teams will return to the product itself, and retail investors will learn to use data to judge value.

Recommended reading tonight: 1. UNI surges nearly 50% - A detailed overview of the Uniswap joint governance proposal; 2. Is gold still a good buy?; 3. A comprehensive guide to the Monad economic model and Coinbase IPOs;

Gold: Is it still a good time to buy gold? Jinse Finance: With gold prices soaring to the sky, is it still a worthwhile investment?

What are the reasons for this round of gold bull market, and what will the market trend be? Do hypotheses about gold prices really exist?

Brazil’s central bank has announced a major regulatory overhaul for digital asset service providers (VASPs), extending anti-money laundering (AML) and counter-terrorism financing (CTF) standards to the country’s booming crypto sector.

Block Inc.’s Square platform now lets over four million merchants accept Bitcoin using the Lightning Network, enabling near-instant payments and low fees. Bitcoin-related transactions contributed nearly $2 billion to the company’s revenue, highlighting growing adoption of crypto in everyday commerce.

The CEO of Kelsier Ventures and advisor of the President of Argentina, Hayden Davis, has found his digital assets frozen after prosecutors found evidence that linked him to the Libra memecoin scandal.

Startale Group and Sony Block Solutions Labs have launched Startale App, a Web3 platform giving users easier access to Soneium blockchain features like token events, airdrops, and rewards. The app removes complex onboarding with gasless transactions and simplified wallets, while allowing developers to build Mini Apps directly on Soneium.