The CoinDesk Memecoin Index (CDMEME) rose more than 11% in the week, outperforming bitcoin’s 1.4% move.

[U.S. Nonfarm Payrolls Significantly Revised Downward, CPI and Fed Decision in Focus] Revised data from the U.S. government shows that over the 12 months ending this March, 911,000 fewer jobs were added, reflecting a weakening labor market. MyStonks Research Institute pointed out that trade policy uncertainty, tighter immigration policies, and the accelerated adoption of artificial intelligence are all putting pressure on employment. Economists believe the downward revision in employment data will have limited impact on monetary policy, and the Federal Reserve may resume rate cuts on September 19. CPI data will be released on September 11, serving as an important reference for assessing Fed policy.

Bitcoin fell and gold pulled back from a record high after the news hit.

OKX-BTC/USDT is currently trading at $111794.60, with a 5-minute drop of 0.42%. Please pay attention to market fluctuations.

OKX-ETH/USDT is currently trading at $4297.50, a decrease of 0.21% in 5 minutes. Please pay attention to market fluctuations.