September Fed Minutes Point to Another Hike This Year| WEEX TradFi Daily Brief (October 8, 2026)

Today’s Digest

• Major equity indexes closed lower on October 7 ET, and the 30-year yield hit a roughly 24-year high.
• September Fed minutes showed most participants saw another hike before year-end as possibly
• appropriate, but October 25 bp hike pricing has fallen below 20%.
• Bitcoin traded near $83,300 and Ethereum near $2,580; RAY rose nearly 12% in 24 hours and led.
• Micron rose about 4.1% against the tape; Caterpillar fell about 5.7% on a downgrade and dragged the Dow.
• October 8 focus is jobless claims, plus Pepsi and Delta before the open.

1 Crypto Highlights

1）Bitcoin Near $83,300; Ethereum Near $2,580

Bitcoin traded near $83,300 and remains slightly lower on the week. Ethereum traded near $2,580. Weak September jobs had reduced hike expectations, but the minutes restated that most participants lean toward another hike before year-end, while long-end yields stayed elevated and capped risk-asset elasticity. Near term, majors depend on whether October meeting pricing keeps falling and whether spot ETF flows return.

Watchlist: BTC, ETH
Spot: BTC / ETH
Futures: BTC / ETH

2）Raydium (RAY) Rises Nearly 12% in 24 Hours and Leads

Raydium traded near $2.44, up about 12.5% over 24 hours and about 26% on the week. The driver is a rebound in Solana on-chain activity and better expectations for DEX fees and liquidity incentives, rotating capital from lagging majors into high-beta application tokens. Heavier volume suggests it is not only short covering. If SOL weakens, RAY can retrace faster.

Watchlist: RAY, SOL
Spot: RAY / SOL
Futures: RAY / SOL

3）WEEX Recently Listed CLAUS

CLAUS is an Ethereum persona-experiment token. Its narrative stresses changeable identity and continuous iteration rather than fixed utility. The listing brings liquidity and attention, while near-term swings usually exceed fundamentals. Watch holder concentration and whether volume holds.

Watchlist: CLAUS
Spot: CLAUS

4）Avalanche (AVAX) Repairs on the Month, Near $11.1

AVAX traded near $11.12, up about 43% over the past month but only about 1% over the past week, stalling short term. The bounce came from a warmer subnet and institutional-chain narrative plus a repair in risk appetite, but elasticity lagged SOL and RAY, showing capital prefers application layers that already capture fees. Next is whether active addresses and new ecosystem tokens deliver.

Watchlist: AVAX
Spot: AVAX
Futures: AVAX

2 Stock Highlights

1）September Fed Minutes Sound Hawkish, but October Hike Odds Are Below 20%

The minutes showed a hawkish committee that unanimously backed the September hike, but the reasons differed: some focused on the energy-price shock, others on demand-side inflation. Most participants thought a further increase in the funds-rate target range before year-end could be appropriate, while stressing a meeting-by-meeting stance tied to incoming data. CME shows less than a 20% chance of a 25 bp hike on October 27–28, down sharply from about 70% in the days after the September decision. September CPI on October 14 could rewrite that pricing and move QQQ, SPY and IWM.

Watchlist: QQQ, SPY, TLT
Spot: QQQ / SPY / TLT
Futures: QQQ / SPY / TLT

2）Micron (MU) Rises Against the Tape as Memory Draws Flows

Major equity indexes closed lower on October 7 ET, while Micron rose about 4.1%. Visibility on AI-server and high-bandwidth memory orders still supports valuation, and capital rotated from some mega-cap tech into the memory niche as rates spiked. Next is whether capex and customer pull-through continue.

Watchlist: MU
Spot: MU
Futures: MU

3）Caterpillar (CAT) Downgraded, Dragging the Dow

Caterpillar fell about 5.7% after a broker cut the rating to Hold. High rates pressured equipment-capex expectations, and the drop accounted for most of the Dow’s decline. Cyclicals are more sensitive to long-end yields.

Watchlist: CAT
Spot: CATSTOCK
Futures: CATSTOCK

4）SpaceX (SPCX) Pulls Back on Financing Talk

SpaceX fell about 2.5%. Reports of a roughly $40 billion financing moving forward, plus chip-partnership talk with NVIDIA that failed to lift the stock, left investors worried about dilution and capex. Starship progress remains the medium-term catalyst.

Watchlist: SPCX
Spot: SPCX
Futures: SPCX

3 Today’s Preview

October 8 focus is weekly jobless claims and pre-market results from Pepsi and Delta. Investors will watch whether labor cooling continues, consumer pricing power and fuel costs.

1）Initial Jobless Claims — October 8, 08:30 ET

The print will test whether the labor market keeps cooling after weak September payrolls. A low claims number could lift year-end hike pricing and pressure SPY, QQQ and small-cap IWM.

Watchlist: SPY, QQQ, IWM
Spot: SPY / QQQ / IWM
Futures: SPY / QQQ / IWM

2）PepsiCo (PEP) — October 8 Pre-Market

Consensus is about $2.30–$2.32 EPS and about $25.0–$25.2 billion in revenue. Investors will watch organic volume, the margin contribution from pricing, and whether full-year guidance is raised. Options imply about 3.5% volatility.

Watchlist: PEP
Spot: PEP
Futures: PEP

3）Delta Air Lines (DAL) — October 8 Pre-Market

Consensus is about $1.99 EPS and about $17.8 billion in revenue. Focus is load factor, unit revenue, and the impact of Brent still near $100 on fuel costs and fourth-quarter guidance.

Watchlist: DAL
Futures: DAL

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