Before the non-farm payroll announcement, the S&P reached a new high again, will DAT be under scrutiny? BitMine experienced a big dump of nearly 6%.

Recent data has strengthened the view of a cooling labor market, with traders continuing to bet on The Federal Reserve (FED) lowering interest rates, and the S&P reaching a new all-time high. Bitcoin (BTC) fell to 111K, while Ether (ETH) dropped nearly 3%. The Nasdaq exchange will enhance its scrutiny of cryptocurrency companies, leading to a broad decline in the stock of digital asset financial firms (DAT).

Before the non-farm payroll report is released, the S&P hits a new high.

The ADP employment report shows that employment increased by 54,000 in August, below the expected 75,000, and the revised 106,000 in July.

In addition, for the week ending August 30, the number of initial unemployment claims in the United States increased to 237,000, an increase of 8,000 from the previous week, further proving that the labor market is slowing down. However, the U.S. Institute for Supply Management (ISM) reported that the August non-manufacturing PMI data exceeded expectations, indicating that the service sector is still growing.

Wall Street traders are preparing for Friday's employment report, with three pieces of data reinforcing the view of a cooling labor market, continuing to bet on a rate cut by the Federal Reserve while pushing stocks and bonds higher. The S&P 500 index rose by 0.8%, setting a new all-time closing high, marking the 21st record high for the S&P this year.

Today (/5) will announce important non-farm payroll numbers, with economists predicting an increase of 75,000 people and an unemployment rate of 4.3%. This will be the weakest increase since the pandemic outbreak in 2020, with employment gains below 100,000 for four consecutive months. This is also the first data release since President Trump replaced the head of the Labor Statistics Bureau.

NASDAQ strengthens scrutiny of cryptocurrency companies? DAT plunges comprehensively.

The crypto assets market has fallen by 1.04% in the past 24 hours, reflecting heightened short-term market caution amid macro uncertainty and leveraged market risks.

According to a report by The Information, the Nasdaq exchange requires some token-holding companies to obtain shareholder approval before issuing stocks to purchase tokens, leading to a widespread fall in the shares of digital asset financial company (DAT).

MicroStrategy (MSTR): fall 0.81%

Metaplanet (3350.T): fall 7%

BitMine (BMNR): fall 5.95%

SharpLink (SBET): fall 8.26%

Upexi (UPXI): fall 4.52%

DeFi Dev Corp (DFDV): fall 7.59%

This article states that before the non-farm payroll release, the S&P reached a new high, will DAT be under scrutiny? BitMine fell nearly 6%, first appeared in Chain News ABMedia.