News

Glonghui, February 11｜According to Investinglive analyst Justin Low, US private data provider Revelio Labs estimates that non-farm employment in January at the start of the new year decreased by 13,300, and has significantly revised December's data down to an increase of 34,400 (previously an increase of 71,100). This is not the official "estimate" for non-farm employment, but rather an indicative metric reflecting the overall trend. Revelio Labs' measurement standard is "a set of employment statistics derived from over 100 millions professional profiles obtained from professional social networking sites" (such as LinkedIn, etc.). Although its methodology appears unconventional, it does provide a good indication of the overall trend in the labor market. Therefore, even if today's non-farm data is unlikely to show negative growth, the trend is already clear: the labor market is weakening. In the current economic situation, non-farm employment data will continue to reflect this reality over time. When assessing any market reaction to tonight's report, this serves as a reminder: a single data point does not constitute a trend.

BlockBeats News, February 11th. According to official sources, Trust Wallet today announced the appointment of Felix Fan as the company's Chief Executive Officer (CEO), fully responsible for global product strategy, ecosystem expansion, and development planning. Felix has a significant influence in the crypto community and has over 10 years of experience in product strategy and growth. Felix stated on social media that he will work closely with the team and the community to jointly build Trust Wallet, focusing on optimizing product experience and enhancing security to provide users with a better Web3 experience. He also expressed gratitude for the support of former CEO Eowyn Chen and looks forward to driving future development with the team. Trust Wallet is a leading global self-custodial Web3 wallet that supports 100+ blockchains, 10M+ assets, and has exceeded 220 million global downloads. With Felix taking office, the focus will be on enhancing product experience, feature iteration, and ecosystem partnerships to provide global users with secure, user-friendly, and open cryptocurrency services.

Foresight News reported, citing Bloomberg, that since the cryptocurrency market crash last October, retail investors in South Korea have been exiting the crypto market in large numbers. An anonymous Korean trader stated on a Korean social media platform last month that he lost about $60,000 on bitcoin futures investments, resulting in "losing all his assets and getting divorced." This reflects the severe losses suffered by South Korean retail investors during the recent downturn in the cryptocurrency market. Cryptocurrency prices on the Seoul Exchange have also been affected by the market slump. The crypto market crash that began last October has dealt a significant blow to Korean retail traders, with many investors choosing to exit the market due to losses.