News

Jinse Finance reported that Goldman Sachs has warned that market estimates for US GDP may be overly optimistic, as the data vacuum during the government shutdown could ultimately cause employment data to drag down the previously optimistic outlook. Goldman Sachs' chief economist Jan Hatzius emphasized that during the government shutdown, US GDP estimates rose sharply, with the second quarter expected at 3.8% and the third quarter at 3.3%. According to some estimates, the figure is even higher: for example, the Atlanta Fed wrote in its October 17 update that third-quarter GDP could be as high as 3.9%. Despite the continued rise in the stock market, the market generally expects the Federal Reserve to cut interest rates at least once more before the end of the year. With the growth trajectory seemingly positive, does Wall Street have sufficient reason to celebrate? Hatzius believes, "Not exactly." He warns that employment issues could become a "thorn in the side" of this optimistic outlook, compounded by changes in business behavior as companies respond to policy shifts from the White House. Therefore, Hatzius added, "Since labor market indicators usually provide more reliable information about current economic growth than preliminary GDP estimates, this weakness further strengthens our conviction that the GDP signals for the second and third quarters are overly positive."

ChainCatcher news, BlackRock's Digital Liquidity Fund BUIDL has added $500 million in tokenized asset deployment to Aptos, making it the second largest in BUIDL fund deployments, second only to Ethereum. As of press time, the scale of RWA tokenized assets on the Aptos chain has exceeded $1.2 billion, ranking third across the entire network. The BUIDL fund was jointly launched by BlackRock and the tokenization infrastructure platform Securitize. Its underlying assets include cash, US Treasury bonds, and repurchase agreements—low-risk, highly liquid assets. It was initially deployed on Ethereum in March 2024 and expanded to Aptos and other chains in November 2024. This move reflects the accelerating trend of traditional financial giants shifting to blockchain infrastructure. With its high performance, security, and low fees, Aptos is becoming an important gateway for institutional asset on-chain migration.