[News Brief] Apr 22, morning | Strong U.S. jobs data weakens expectations for Fed rate cuts

According to PANews, seasonally adjusted U.S. nonfarm payrolls increased by 172,000 in June, exceeding the market forecast of 110,000. The unemployment rate fell to 4.2%, below the expected 4.3%, reaching its lowest level in a year.

May nonfarm payroll growth was revised down from 172,000 to 129,000. Strong employment data could weaken expectations for Federal Reserve rate cuts, making it a potential source of volatility for risk-asset markets.

According to Odaily, Onchain Lens reported that BlackRock deposited 4,917 BTC to Coinbase, worth approximately $301 million.

Onchain Lens added that over the past four days, BlackRock deposited a total of 20,359 BTC to Coinbase, with a cumulative value of about $1.22 billion.

According to Odaily, Arkham on-chain data showed that Grayscale transferred 814.341 BTC (about $50.08 million) and 11,421 ETH (about $18.97 million) to Coinbase Prime within 15 minutes.

The combined value of the two assets exceeded $70 million. Coinbase Prime is a trading and custody platform for institutional investors.

Odaily reported that Robinhood has launched the public mainnet of its Layer 2 blockchain, 'Robinhood Chain.'

With the mainnet launch, Robinhood now supports tokenized stock trading in more than 120 countries. It also unveiled 'Robinhood Earn,' a decentralized lending product based on USDG offering yields of around 7%.

Robinhood is expanding beyond its traditional securities brokerage business into cryptocurrency, tokenized assets, and AI-driven trading.

It was reported that Caceis, the custody banking subsidiary of France's second-largest bank Crédit Agricole, is in exclusive talks to acquire French crypto investment platform Meria.

According to Wu Blockchain, Caceis is discussing the acquisition of Meria. Meria, formerly known as Just Mining, was co-founded by French crypto influencer Hasheur (Owen Simonin).

Meria holds an EU MiCA crypto-asset service provider (CASP) license, serves 150,000 users, and manages approximately €350 million in assets. Its core services include crypto brokerage and staking.

According to OKX market data, Bitcoin rose above $62,000.

Bitcoin is currently trading at $62,003, with a daily gain of 3.08%.

According to Odaily, ETH surpassed $1,700 based on OKX market data.

ETH is currently trading at $1,700.99, up 7.87% over the past 24 hours.

According to Odaily, community user CG_BRC20 reported that the Alkanes protocol has a serious bug that could allow unlimited token minting.

The user said a specific address exploited the bug to mint 100 million DIESEL tokens. At present, the asset is reportedly not displayed on the official Alkanes Espo browser or Subfrost interface.

DIESEL holders should be aware of the related risks. An official administrator in the Alkanes Telegram group has temporarily stated that funds are currently safe.

According to Odaily, Glassnode data showed that long-term holder wallets that have held BTC for more than 155 days have shifted from net distribution to net accumulation.

Small- and mid-sized wallets led dip-buying and showed signs of recovering BTC demand, while the largest whale wallets remained broadly neutral.

Analysts said it is still too early to conclude that the market has entered a full-scale accumulation phase based on the current trend alone.

According to Odaily, Binance will temporarily suspend INJ deposits and withdrawals from 10:00 PM (KST) on the 2nd to support the Injective (INJ) network upgrade and hard fork.

The project team plans to carry out the upgrade and hard fork at block height 172,502,000, with the expected time at 11:00 PM (KST) on the same day.