Wall Street woke to a jaw-dropping payroll revision, got excited by Nasdaq diving headfirst into tokenized trading, and watched crypto markets erupt with record-breaking gains.

Today’s surprise: revised data indicates nearly one million fewer jobs than originally reported. That sharp labor market cooling immediately whisked rate-cut expectations higher. Investors pushed stocks up, Nasdaq inched toward a record close, while the S&P and Dow also climbed.

In a major move, Nasdaq funneled $50 million into Gemini ahead of the latter’s IPO and has filed with the SEC to enable trading in tokenized stocks. This bold push could fundamentally change how traditional capital markets mix with crypto infrastructure.

Digital assets surged across the board. Bitcoin and Ethereum popped over 1%, and the crypto market cap bounced past $4 trillion as most tokens lit up green. The day’s momentum was led by speculative AI-related coins, which drew intense buying interest.

A word from our partner,

Meet the Uniswap web app — your hub for swapping, bridging, and buying crypto across Ethereum and 14 additional networks.

Access thousands of tokens and move assets between chains, all from a single, easy-to-use interface.

Trusted by millions, Uniswap includes real-time token warnings to help you avoid risky tokens, along with transparent pricing and open-source, audited contracts.

Whether you're exploring new tokens, bridging across networks, or making your first swap, Uniswap keeps onchain trading simple and secure.

Just connect your wallet to get started.

Get Started

Markets today were defined by surprise and innovation. A shocking jobs revision shook up rate expectations. Nasdaq’s crypto-centric strategy signaled a strategic shift in financial markets. And crypto itself reminded us that its volatility can breed explosive upside, fast. With jobless claims and earnings ahead, the week is just heating up.