Macroeconomic Outlook: Powell will deliver a speech, the U.S. government shutdown farce may continue | GT Morning Report (October 5)

● Macroeconomic Outlook: Powell is set to speak, and the U.S. government shutdown drama may continue.
According to BlockBeats, on October 4th, if the Republican and Democratic parties can reach a bipartisan agreement on a temporary funding bill early next week, the employment report for September may be released the Friday after next.
Here are the key points the market will focus on in the new week (East Eight Time): Tuesday 22:00, 2027 FOMC voter and Atlanta Fed President Bostic will speak on the economic outlook; Tuesday 22:30, Fed Governor Mulan will participate in a fireside chat; Tuesday 23:30, 2026 FOMC voter and Minneapolis Fed President Kashkari will deliver a speech.
Thursday 02:30, the Federal Reserve releases the minutes of the monetary policy meeting; Thursday 03:15, 2026 FOMC voter, Minneapolis Fed President Kashkari speaks; Thursday 20:30, Federal Reserve Chairman Powell delivers opening remarks at a community banking conference hosted by the Federal Reserve Board (pre-recorded); Thursday 20:35, Federal Reserve Governor Bowman speaks.
On Friday at 01:00, Federal Reserve Governor Barr and 2026 FOMC voting member, Minneapolis Fed President Kashkari will speak at an event; on Friday at 21:45, 2025 FOMC voting member, Chicago Fed President Goolsbee will deliver opening remarks and moderate a discussion at a community bankers workshop.
● The UK will lift the retail ban on crypto ETNs, while ETFs still require updates to the regulatory framework.
According to reports from Wu, the UK's Financial Conduct Authority (FCA) has announced that it will lift the ban on retail investors purchasing exchange-traded notes (ETNs) linked to cryptocurrencies, effective from next week. Related products must be listed and traded on UK local investment exchanges approved by the FCA. Unlike ETFs, ETNs are debt securities linked to crypto assets and are not backed by physical assets. It is worth noting that the FCA has not simultaneously lifted the retail ban on crypto ETFs or derivatives.
● CME plans to launch all-weather cryptocurrency derivatives trading in early 2026.
According to BlockBeats, the official announcement shows that the Chicago Mercantile Exchange (CME Group) has announced that its cryptocurrency futures and options products will be available for 24/7 trading starting in early 2026, currently pending regulatory review and approval. From early 2026, CME Group's cryptocurrency futures and options will trade continuously on the CME Globex platform, with system maintenance conducted for at least two hours only on weekends.
In addition, all holiday or weekend trading from Friday evening to Sunday evening will be counted as the trading day of the next business day, and its clearing, settlement, and regulatory reporting will also be processed on the next business day.
● Morgan Stanley predicts that the U.S. government shutdown may last from 10 to 29 days.
According to a report by TechFlow, Morgan Stanley interest rate strategists pointed out that the pricing of U.S. Treasury options indicates that the U.S. government shutdown starting on October 1 will last at least 10 days, with a maximum duration of 29 days. Treasury futures options will price the risk premium of the release dates of important economic data.
Strategists indicate that while the dates for the delayed release of economic indicators have not yet been determined, the options market is pricing risk premiums based on probability distributions for multiple future dates. Analysis of the prices of 1-day straddle options shows that the breakeven point indicates higher volatility on the employment report release day compared to other days. The market suggests a higher probability of a shutdown lasting between 10 to 29 days.
● Nasdaq has submitted an application to the SEC to list BlackRock's Bitcoin Spot ETF.
According to ChainCatcher, Nasdaq has submitted an application to the U.S. Securities and Exchange Commission (SEC) to list BlackRock's Bitcoin Premium Income ETF, which combines Bitcoin exposure with a premium income strategy.
The proposed ETF aims to attract yield-focused investors while enhancing Bitcoin's position in traditional finance.
● Bitwise CEO: Has submitted Aptos ETF S-1 filing
According to Deep Tide TechFlow, on October 4th, Bitwise CEO Hunter Horsley announced that Bitwise has submitted the S-1 filing for the Aptos ETF. He expressed excitement about the momentum of the Aptos ecosystem, despite being in a quiet period.
● In the past 30 days, the monthly trading volume of tokenized stocks reached $465 million, a month-on-month increase of 136%.
According to a report by Deep Tide TechFlow, on October 5, The Information reported that the monthly trading volume of tokenized stocks in the industry reached $465 million in the past 30 days, an increase of 136% compared to a month ago.
● Data: In the past month, approximately 100 million USD in assets have flowed from Solana to BNB Chain via Debridge.
According to ChainCatcher, Debridge data shows that approximately $100 million in funds flowed from Solana to BNB Chain through Debridge in the past month, accounting for 30% of the outflow from Solana.