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Insiders: Jump is restructuring its U.S. crypto business and plans to expand its team

ChainCatcher news, according to CoinDesk, Chicago trading giant Jump is working to restore its U.S. cryptocurrency business to full operational status, after the company scaled back its related operations over the past two years due to regulatory scrutiny and uncertainty.Insiders revealed that while Jump has maintained digital asset trading and market-making activities in other parts of the world, cryptocurrency trading volume in the U.S. is currently accelerating. Jump plans to hire a group of crypto engineers and will begin to fill U.S. policy and government liaison positions in due course. Against the backdrop of the Donald Trump administration easing regulations, Jump believes now is the right time to restore its U.S. operations to full capacity.Jump became a focal point of regulatory scrutiny after the collapse of the Terra Luna stablecoin and FTX, which led to a contraction of its U.S. business, including the spin-off of the Wormhole project and halving the staff of the Jump Crypto division, which had about 150 employees in 2022.Industry insiders believe that Jump may participate in the U.S. crypto ETF space in the future, especially considering the potential approval of a Solana (SOL) ETF. Jump is known for its investments and development work in the Solana ecosystem, such as the Firedancer project, which is software designed to increase blockchain transaction throughput.

Traders expect the S&P 500 index to experience the largest volatility on a non-farm payroll day since the regional banking crisis in March 2023

ChainCatcher news, according to Jinshi reports, options traders expect the S&P 500 index to fluctuate by 1.3% this Friday, which will be the largest fluctuation on a non-farm payroll data release day since the regional bank crisis in March 2023. Citigroup data shows that the S&P 500 index is expected to have a two-way fluctuation of 1.4% on Wednesday, marking the highest implied volatility since the day after the U.S. presidential election on November 6, 2023.The increase in market volatility is mainly influenced by two factors: the uncertainty of the Trump administration's tariff policy and the upcoming non-farm payroll report. Trump recently warned of potential future economic fluctuations and defended his plan to significantly raise tariffs, but U.S. Secretary of Commerce Gina Raimondo indicated that Trump is considering some tariff relief measures, which has slightly eased market sentiment.The Chicago Board Options Exchange Volatility Index (VIX) is currently at its highest level since December of last year, breaking through the 20-point mark. Economists expect that U.S. employment will increase by 160,000 in February, the unemployment rate will remain at 4%, and average hourly earnings will rise by 4.1% year-on-year. UBS equity derivatives strategist Grinkov stated, "Macroeconomic factors are becoming more important; this is a higher volatility environment."

4E: The decline in US stocks continues, the cryptocurrency market rebounds, and the market rekindles expectations for three rate cuts by the Federal Reserve this year

ChainCatcher news, according to 4E monitoring, the U.S. tariff policy on its three major trading partners has been implemented, and investors' concerns about the escalation and expansion of the trade war have intensified. U.S. stocks opened lower across the board on Tuesday, with the three major indices at one point dropping nearly 2% in the early session. However, as the U.S. Secretary of Commerce hinted that Trump might lower tariffs on Canada and Mexico, coupled with investors betting again that the Federal Reserve will cut interest rates due to recession risks, the decline in U.S. stocks eased. Ultimately, the Dow Jones Industrial Average closed down 1.55%, the Nasdaq fell 0.35%, and the S&P 500 index dropped 1.22%. Large tech stocks initially fell collectively but turned to gains at midday, with some individual stocks closing higher.The cryptocurrency market followed the decline of U.S. stocks after their opening, with Bitcoin briefly dropping to a low of 81,500. However, as the decline in U.S. stocks narrowed, the market also began to rebound. At the time of writing, Bitcoin was reported at 87,500 USD, up 4.25% in 24 hours. Ethereum, after falling below 2,000 USD, returned above 2,100 USD, with a 24-hour increase of 5.8%. Over the past week, the cryptocurrency market has been significantly influenced by information, with high volatility, increased operational difficulty, light trading, and no significant changes in on-chain activity.In the forex and commodities sector, following Trump's implementation of tariffs on Canada and Mexico, the U.S. dollar index fell over 0.9% during the day, hitting a three-month low; crude oil has fallen for three consecutive days, with U.S. oil reaching a new low since December last year; rising safe-haven demand and a weaker dollar supported an increase of over 1.2% during the day.The escalation of trade tensions has heightened market concerns about the U.S. economic outlook. After the U.S. fulfilled its threat of tariffs on Canada and Mexico, investors increased their bets on the Federal Reserve cutting interest rates three times this year, each by 25 basis points, for the first time since mid-December last year. Additionally, the U.S. Secretary of Commerce hinted that Trump might announce a grace period for tariffs on Canadian and Mexican goods as early as the 5th, and the market is closely watching whether this event will bring about a turnaround.
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