U.S. jobless claims just came in cooler than expected. Initial claims hit 208K versus the forecast of 213K, compared to 199K the week before. That's a tighter labor market signal—fewer people hitting the unemployment line. For crypto markets, this kind of economic data matters because it shapes Fed policy expectations and investor risk appetite. When jobs hold steady, it can support risk-on sentiment; when claims surge, it usually spooks markets looking for recession signals. Keep an eye on how this ripples through the macro picture.