Weekly Market Recap: October 3, 2022 – Aspen Digital

Last week, US equities finished off its worst month since March 2020 while Bitcoin's profitability for long term holders dropped to a 4 year low. Jerome Powell, the Federal Reserve Chair, urges for DeFi regulation before it expands to retail, noting DeFi's impact on traditional financial markets.

This week, there is a Blockchain Economy Summit in Dubai. The U.S. will be releasing the unemployment rate for September and its August Balance of Trade results. The Reserve Bank of Australia will be releasing their interest rate decision.

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