U.S. Nonfarm Payrolls Strengthen Expectations of Fed Rate Hike, Crypto Market Responds

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Fed news from the latest U.S. nonfarm payrolls data has shifted expectations toward continued Fed tightening, causing the crypto market to reassess hopes for rate cuts. Arthur Hayes liquidated his WLD position, citing unusual SPCX USD activity. Hyperliquid Strategies holds 23.7 million HYPE tokens with over $1.1 billion in unrealized gains. Zcash plans to audit its patched Orchard pool.

After the non-farm payrolls data was released, the market began pricing in further monetary tightening by the Federal Reserve;

2. Michael Saylor once spent $70 million on a private jet;

3. The U.S. House of Representatives plans to advance cryptocurrency tax legislation covering issues such as stablecoins, staking, and mining;

4. LiqCapital Founder Yi Lihua: The U.S. stock market has begun to correct, and expectations for rate cuts have changed;

5. Arthur Hayes sold off his WLD holdings, calling the SPCX USD price movement "abnormal";

6. Zcash will audit the supply of the recently patched Orchard pool;

7. Unrealized profits exceed $1.1 billion; Hyperliquid Strategies holds approximately 23.7 million HYPE tokens;

8. The probability of a Fed rate hike in December has risen to 63%;

9. Market News: Subscription orders for SpaceX's IPO have exceeded the number of shares available for issuance;

10. U.S. job growth over the past three months posted its strongest performance in over two years;

11. U.S. non-farm payrolls for May exceeded market expectations;

12. Analyst: The non-farm payroll data has undoubtedly completely undermined the rationale for the Fed's rate cuts.

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