Jobless benefit applications dipped below 200k last week, marking historically tight labor market conditions with layoffs staying subdued. This economic signal matters for the broader crypto ecosystem—stronger employment data typically influences Fed policy stance, which in turn shapes interest rates and institutional capital flows. When the labor market stays resilient like this, it affects how regulators and investors view risk appetite. Worth monitoring how sustained job market strength plays into inflation expectations and the next policy cycle. The combination of low unemployment claims and minimal layoffs suggests economic resilience, but watch how this data shapes macro sentiment around asset allocation.