MarsbitNews

Mars Finance news, September 3: Market news: The Bank of Japan is reportedly inclined to raise interest rates by 25 basis points and plans to adopt flexible policy measures going forward.

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Original ｜Odaily Planet Daily
Author｜Golem
On September 29, according to foreign media reports, the U.S. Commodity Futures Trading Commission (CFTC) is investigating incentive programs offered by prediction markets due to concerns that prediction markets are using misleading advertising/promotional campaigns to attract traders. A source said the investigation could result in targeted scrutiny of prediction markets or direct enforcement investigations. Although CFTC Chairman Michael Selig has not yet decided on a specific course of action, some form of “action” is expected to be taken before the end of this week.
Prediction market platform Kalshi has already terminated its trading volume incentive program, while Polymarket and other prediction markets that rely on rewards to maintain platform liquidity depth and user growth could become key targets of the CFTC. As for the reason that prompted the CFTC to take action,

Mars Finance reports that on October 2, according to BIT (Bit.com) market data, NVIDIA (NVDA.O) reached an intraday all-time high, rising 2.4%.

Mars Finance reports that on October 2, U.S. semiconductor stocks rose. The Philadelphia Semiconductor Index gained 3% to 13,222.15 points. ARM rose more than 4%; NXP, Intel, AMD, Applied Materials, and Broadcom gained more than 3%; Nvidia rose 2.8%, Qualcomm 2.3%, and TSMC 2.2%. (Kegubao report)

Mars Finance reports that market traders have reduced their bets on a Federal Reserve rate hike in October.

Mars Finance reported that on October 2, according to market data from BIT (Bit.com), at the U.S. market open, the Dow Jones Industrial Average rose 0.62%, the S&P 500 rose 0.9%, and the Nasdaq rose 1.2%. Memory chip stocks were mixed, with Seagate Technology (STX.O) down 14%, Western Digital (WDC.O) down 9.8%, and Rambus (RMBS.O) up 3%. Tesla (TSLA.O) rose 2.3% after its third-quarter deliveries exceeded expectations.

On October 2, the altcoin sector broadly rose, with significant gains among multiple tokens including SAND: SAND at $0.06998, up 62.52%; ENJ at $0.03729, up 27.88%; GTC at $0.12388, up 22.10%; MANA at $0.1054, up 19.10%; SKY at $0.09402, up 18.94%; GALA at $0.002655, up 17.53%; MAGIC at $0.0605, up 15.02%; SUPER at $0.2275, up 14.96%.

Mars Finance reports that on October 2, Bankless founder David Hoffman posted that if BTC’s daily closing price rises above $86,600, it will signal strength; if the daily closing price rises above $87,400, it will be extremely bullish.

Mars Finance reports that ZachXBT posted on X stating that UPay may have allowed the sanctioned illicit marketplace Xinbi to white-label its Visa crypto card, and called on UPay to explain the situation. ZachXBT said that Xinbi is primarily involved in pig-butchering scams, fraud, money laundering, and human trafficking.

Mars Finance reports that U.S. stock index futures rose sharply after the September employment data was released.

Mars Finance reports that the U.S. Bureau of Labor Statistics revised July nonfarm payroll gains down from +21,000 to -10,000 and August gains down from 162,000 to 133,000. After the revisions, the combined job gains for July and August were 60,000 lower than previously reported.

Mars Finance reports, according to Gate market data, that the Dow Jones Industrial Average opened 286.1 points higher on October 2, up 0.56% at 51,212.66; the Nasdaq Composite opened 305.82 points higher, up 1.14% at 27,177.42; and the S&P 500 opened 58.26 points higher, up 0.76% at 7,724.71.

Mars Finance reports that, according to Gate market data, following the release of the nonfarm payrolls data, spot gold has risen by approximately $40, reaching a high of $4,226 per ounce; spot silver broke above $62 per ounce, with an intraday gain of 1.67%.

Mars Finance reported that Brian Jacobsen, chief economist at Annex Wealth Management, said the U.S. labor market is not as strong as the market expected. July’s data was revised to show negative growth. Although August rebounded, the increase in September was only about 29,000, and the employment diffusion index fell below 50 again, indicating insufficient breadth in employment gains. This data will force the Federal Reserve to consider pausing its rate hikes at its October meeting.

Mars Finance reports that Tesla (TSLA.O) deployed 13.7 gigawatt-hours of energy storage products in the third quarter.

Mars Finance reports that NVIDIA and its major partners launched the 64GB DGX SPARK configuration this month, supporting models with up to 100 billion parameters running on the device.

Mars Finance reports that Tesla delivered 486,532 vehicles in the third quarter, compared with the market estimate of 463,761 vehicles.

BitBT Ventures announced on X that it is providing $5 million in early-stage financing to the social finance platform KIVO. KIVO is building a unified consumer application ecosystem that integrates social networking, trading, payments, and digital assets, connecting the social layer with financial products. BitBT said it will help build full-stack SocialFi infrastructure for the next generation of users. The information was posted by its KivoSocialLayer account.