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Jinse Finance reported that "Fed mouthpiece" Nick Timiraos wrote that Federal Reserve officials have recently lost access to employment data provided by third parties. Since 2018, payroll processing company ADP has been providing the Federal Reserve with a dataset containing anonymous employment and income information, covering 20% of the U.S. private sector workforce. The Fed typically received this data with about a one-week delay, making it a timely and comprehensive measure of labor market conditions. According to informed sources, after Federal Reserve Governor Waller delivered a speech at the end of August that drew public attention to the Fed's long-term use of ADP employment data, ADP stopped providing this data to the Fed. The specific reason for this change remains unclear. In Waller's speech, he cited ADP data in a footnote, further illustrating his concerns about the slowdown in the labor market. The footnote pointed out that preliminary estimates showed a continued deterioration in hiring conditions over the summer, and the data covered a period beyond the latest government data.

Foresight News reported that MegaETH, an Ethereum scaling solution developed by MegaLabs, announced on X platform that it will launch a public sale on Echo's Sonar platform, with an initial fully diluted valuation (FDV) of $1 million and a valuation cap set at $999 million. Users can bid through an English auction, with the highest bid reaching $186,282. In the event of oversubscription, priority will be given to existing MegaETH community members, as well as investors who demonstrate long-term consistency through social activities, on-chain behavior, and locking preferences. The dual-peak allocation process ensures both broad token distribution and priority protection for key contributors. MegaETH's core supporters will receive priority allocation, while at least 5,000 participants will be granted a basic allocation at the starting price of $2,650. 5% of the total MEGA tokens will be sold on October 27. The registration process for participation eligibility is now open.