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According to Jinshi, "Fed mouthpiece" Nick Timiraos stated that the hiring activity has accelerated again this spring, providing more basis for Federal Reserve officials who are concerned about inflation and believe that the current interest rate level is too low. He pointed out that this employment report will not completely resolve the debate over raising interest rates later this year, but it does indicate that the rationale for cutting rates in the short term has basically disappeared.

According to Jinshi reports, the market is currently pricing in a Federal Reserve interest rate hike in January next year, with the expected timing before the non-farm data release being March next year.

According to Gate market data, after the release of non-farm data, S&P 500 and Nasdaq 100 futures extended their decline.

According to Gate market data, the non-farm payroll data far exceeded market expectations, and the dollar index DXY rose 15 points in the short term, currently reported at 99.36.

According to official news, Laser Digital has obtained preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Laser Digital National Trust Bank. This entity will serve as a federally regulated trust institution, providing services to institutional clients.Once officially licensed, its business scope will include foreign exchange and stablecoin intermediation, cross-margin collateral management for digital and traditional assets, as well as multi-asset trust custody for tokenized and traditional assets.

Fundstrat's research director Tom Lee stated that although the "Tech Seven" have emerged from the downturn, the overall market risks have not been alleviated, and other sectors may gradually enter a "rolling bear market" later in 2026.He believes that the demand for AI remains strong, which will support the major indices in maintaining resilience by the end of the year, but internal market differentiation will intensify. In an interview with CNBC, he said, "The bear market for the Tech Seven and the software sector has ended," but emphasized that this does not represent the overall market.Lee pointed out three potential disruptive factors: fluctuations in the midterm election cycle, selling pressure after the lock-up period for tech company IPOs expires, and tight energy supply. Among these, he views energy as the most direct risk, warning that "the moment of reckoning is approaching: there is a shortage of oil product inventories that cannot be alleviated in the short term," and companies reliant on energy will be under pressure.He remains optimistic about the core support of the U.S. economy—energy independence and improved AI productivity—advising investors to focus on areas with strong earnings certainty, stating that "the companies that truly strengthen are those that control scarce resources." He mentioned that the semiconductor sector has shown signs of overheating, but in the short term, capital momentum still leans towards AI suppliers and tech leaders, while other industries may gradually enter an adjustment phase.

Syndicate Labs, Everclear, and ZERO Network announced the cessation of operations on the same day, highlighting the deep dilemmas in the blockchain infrastructure sector.Syndicate Labs, a startup supported by a16z and having raised over $27 million, announced its closure after five years of operation, stating that EVM Rollup is no longer the industry standard and the market has fundamentally shifted to custom chains. The cross-chain settlement protocol Everclear (formerly Connext) announced hours later that it would shut down its foundation and lab entities, despite having a monthly trading volume that once reached $500 million, it was unable to convert that volume into revenue, and the CLEAR token dropped about 40% on the same day. The gasless Ethereum Layer 2 ZERO Network built by the crypto wallet Zerion also announced its closure on the same day, with the team shifting focus to the development of Zerion wallet and API products, and users must bridge their funds out by July 31.The common dilemma faced by the three projects is that even with venture capital funding and operational products, it remains difficult to find a sustainable business model to withstand market deterioration.

According to Bloomberg, Senator Elizabeth Warren has questioned the decision by financial regulators to allow cryptocurrency companies into the banking system. The Massachusetts Democrat wrote to Jonathan Gould, head of the Office of the Comptroller of the Currency (OCC), pointing out that the regulator has approved at least 9 national trust charters for crypto companies that "seem to be unqualified." Warren stated that these charters "appear to far exceed the narrow scope of activities permitted by law," constituting a "clear violation of the National Bank Act." She questioned whether the OCC adhered to relevant legal provisions during the approval process and requested clarification on the compliance of these cryptocurrency companies in obtaining banking charters.

According to GMGN data, the top 5 trending sector tokens in the past 24 hours are as follows:SPCTROLL (FoeP....ump): Currently priced at $0.0001, market cap of $22,000, 24h increase of +766.5%, 24h trading volume of $7.72 million, number of trades 135,542;memecoins (69FV....ump): Currently priced at $0.0002, market cap of $140,000, 24h increase of +5.43K%, 24h trading volume of $3.90 million, number of trades 68,222;ALIEN (AQ4T....YnQ): Currently priced at $0.0002, market cap of $180,000, 24h increase of +5.44K%, 24h trading volume of $2.05 million, number of trades 37,265;Mira (4J3P....ump): Currently priced at $0.0001, market cap of $62,000, 24h increase of +2.5K%, 24h trading volume of $2.01 million, number of trades 38,792;Peace (DFeo....5Pu): Currently priced at $0.0001, market cap of $57,000, 24h increase of +1.9K%, 24h trading volume of $2.23 million, number of trades 38,613;

Arkham issued a warning regarding the token concentration of the $4 billion market cap crypto project LAB. According to on-chain analysis posted on X, a single entity may control over 90% of the token's supply, with on-chain analyst ZachXBT noting that the internal holding ratio could be as high as 95%.

On-chain detective ZachXBT has released a lengthy article exposing the LAB project and its founder (@vsadkovv), accusing the LAB token's circulation and distribution of being very opaque.ZachXBT stated that Coingecko, RootData, and CMC all reported different circulation figures for LAB, and the official team has not clearly disclosed the token distribution. There is a significant overlap between investors and trading platforms, and most critically: insiders likely control over 95% of the tokens, leaving retail investors completely unaware of the true circulation situation.Additionally, the LAB team unilaterally changed the public sale lock-up period from 3 months to 9 months, while also defaulting on marketing fees, providing special treatment to KOLs and whales, and requiring them to post promotional content. The founder has mixed project funds with personal accounts, with a large amount of funds going directly into trading platform recharge addresses. Insiders can sell off tokens without retail investors being aware at all. ZachXBT calls for trading platforms to conduct a thorough investigation and delist or freeze the related funds.

On-chain detective ZachXBT has released a lengthy article exposing the LAB project and its founder (@vsadkovv). The LAB token has surged to a $6 billion FDV, but the situation is very opaque.The team was founded by Vova Sadkov and Mark, whose previous Eesee project left many investors dissatisfied. Currently, the circulation data for LAB is chaotic, with Coingecko, RootData, and CMC reporting different circulation figures. The official team has not clearly disclosed the token distribution, and there is a significant overlap between investors and trading platforms. Most critically, insiders likely control over 95% of the tokens, leaving retail investors completely unaware of the true circulation situation.Additionally, the LAB team unilaterally changed the public sale lock-up period from 3 months to 9 months, while also defaulting on marketing fees, providing special treatment to KOLs and whales, and requiring them to post promotional content. The founder has mixed project funds with personal accounts, with large amounts of money directly entering the trading platform's recharge address. Insiders can sell off tokens without retail investors being aware.On-chain data shows that insiders recently withdrew over 100 million LAB from trading platforms, worth hundreds of millions of dollars, using tactics similar to those seen in previously manipulated projects. ZachXBT calls for trading platforms to conduct a thorough investigation and delist or freeze related funds. Furthermore, ZachXBT specifically states: this is not a short-selling recommendation. With such high supply control, short-selling instead becomes fuel.

According to monitoring by Hyperinsight, in the past two hours, Ma Ji Huang Li Cheng has once again rolled over and increased his ETH long position by about 550 units, raising the average entry price and pushing the liquidation price up to $2,220. The current price of ETH is only $47 away from its liquidation line, and the $20.4 million long position has become the closest ten-million-level ETH long to liquidation on the Hyperliquid platform since Ma Ji last fully exposed all funds on March 26, having accumulated a deposit of $1.195 million to the platform.As of the time of writing, the actual funds in the account are only about $850,000. Frequent rolling and trading operations over the past one and a half months have not only failed to accumulate profits but have instead resulted in a net loss of about $345,000. Currently, this address holds a $20.4 million ETH long position and a $4 million BTC long position, with a total unrealized loss of about $500,000.

According to GMGN data, TROLL's market capitalization has exceeded 135 million USD, currently reported at 135.02 million USD, with a 24H increase of 55.96%.Market news reminds users that the prices of Meme coins are highly volatile, and investors should participate with caution.

The market value of the Solana ecosystem meme coin TROLL continues to rise, breaking the high point of 120 million USD this morning, currently reported at 110 million USD, with a 24-hour increase of 30%, and a trading volume of 20.1 million USD during the same period.Meme coin trading is highly volatile, largely relying on market sentiment and hype around concepts, with no actual value or use cases; investors should be aware of the risks.

According to GMGN monitoring, the market capitalization of the Solana ecosystem meme coin TROLL has significantly surged, breaking through 90 million USD, currently reported at 91.47 million USD, with a 24-hour increase of 77% and a 24-hour trading volume of 12.2 million USD.ChainCatcher reminds users that meme coin trading is highly volatile, largely relying on market sentiment and hype around concepts, and has no actual value or use cases. Investors should be aware of the risks.

According to token unlocking data from the Crypto asset data platform RootData, RollX (ROLL) will unlock approximately 33.33 million tokens at 11:00 AM Beijing time on May 16, worth about 1.07 million USD.

According to Jinshi News, Florian Ielpo from Lombard Odier Investment Managers in Switzerland believes that this is a rather "perfect" employment report. The data is stronger than expected, but not so strong as to indicate overheating, and it does not directly reflect inflationary pressures. The market's reaction has been relatively mild; in the medium term, this report is quite favorable for risk assets, especially against the backdrop of investors remaining vigilant about potential inflation risks.

The U.S. non-farm payroll data for April will be released tonight at 20:30 (UTC+8), with an expected addition of only 62,000 jobs, far below the growth rate of previous years, but enough to keep the unemployment rate at a relatively low level of 4.3%. The annual wage inflation rate is expected to rise from 3.5% to 3.8%. In the past, when the monthly non-farm job additions in the U.S. were below 100,000, it was often seen as a signal of a weakening labor market and an economy on the brink of recession. However, the employment landscape has changed; Federal Reserve official Logan has publicly stated, "Currently, adding about 30,000 jobs per month is sufficient to achieve supply-demand balance in the labor market."According to CME FedWatch data, before the non-farm data release tonight, the probability that the Federal Reserve will not cut interest rates at all for the rest of the year is 72.6%, and the probability of a 25 basis point rate cut at the Fed's next meeting (in June) is 5.2%.