Analysis: S&P 500 and Bitcoin have a 100% probability of rising within 12 months after the U.S. midterm elections.

Mizuho Securities maintained a "Buy" rating and $300 price target for Cerebras on October 5. Prior to this, Cerebras' stock had faced consecutive downward pressure, with market focus on the progress of its future collaboration with OpenAI. OpenAI CEO Sam Altman said last Friday that Cerebras remains a "close partner" of OpenAI, and the two sides are still conducting in-depth cooperation at the cutting edge of high-performance computing. Previously, some of OpenAI's new models used NVIDIA GPUs instead of Cerebras' chips. According to TradingBeats' monitoring, the marked price of CBRS perpetual contracts on Hyperliquid is currently at $182.87, up around 3.7% in 24 hours, with trading volume of approximately $88.7 million over the same period, and the nominal value of open interest stands at about $116 million.

BIT has announced the appointment of Chen Derong (Jack Derong) as its new Group Chief Marketing Officer (CMO). Chen previously served as CMO of OSL Group and Head of Global Marketing at Futu. In his new role at BIT, he will be responsible for driving the company’s global marketing strategy and market expansion, and further enhancing its brand influence and market standing.

Citigroup's latest research report has raised AMD's price target from $575 to $800.

Swiss leading pure private bank and wealth management group Julius Baer forecasts the U.S. Federal Reserve will deliver its final 25 basis point interest rate hike in December, after which it will enter an extended pause. The bank notes that the U.S. labor market is cooling, and financial conditions have tightened significantly—driven primarily by rising long-term Treasury yields and a stronger U.S. dollar, rather than higher short-term interest rates. December is now seen as the most likely window for the final rate hike.

NEAR Protocol announced that MyNearWallet, a non-custodial wallet in the NEAR ecosystem, will cease operations on October 31, requiring users to migrate to a new wallet or access method. NEAR stressed that user assets remain stored on-chain and are not custodied by MyNearWallet, so the wallet’s retirement will not impact the on-chain assets themselves. The official advised users to perform a small test before migrating and retain their original wallet recovery information until all balances are confirmed as transferred. MyNearWallet will gradually transition to migration and recovery functions moving forward.

Ray Dalio, founder of Bridgewater Associates, warned in a Bloomberg interview that the U.S. could face a debt crisis within the next three years as debt interest payments increasingly crowd out other federal government budget items. Dalio noted that the U.S. government collects roughly $5.5 trillion in annual revenue and spends around $7.5 trillion, with a fiscal deficit approaching $2 trillion. Currently, the U.S. federal government’s annual interest expenditure is about $1 trillion; when including maturing debt that needs refinancing, the total annual debt servicing and refinancing requirement amounts to roughly $11 trillion. Meanwhile, U.S. Treasury yields have continued to rise: the 10-year Treasury yield closed at 5.31% on October 5, while the 30-year yield hit 5.66%, further increasing the government’s financing pressure. Dalio recommended cutting spending, boosting tax revenue, and lowering interest rates to reduce the fiscal deficit as a share of GDP from around 6% to 3%. On asset allocation, he previously advised allocating 10% to 15% of a portfolio to gold, with bitcoin making up only a small portion.