Julius Baer: Forecasts Fed to Raise Interest Rates by 25 Basis Points in December, Followed by a Longer Pause

Wells Fargo said it raised Meta Platforms (META.O)’s price target from $796 to $1,000, and Alphabet (GOOG.O)’s price target from $411 to $417.

Ethereum co-founder Vitalik Buterin shared Nethermind’s development progress, stating that the team is consistently doing excellent work to make Ethereum more efficient and faster. Nethermind core developer Ben Adams noted that its Beacon Chain plugin has completed synchronization and is prepared for Sepolia’s Glamsterdam fork; additionally, running Ethereum’s Execution Layer (EL) and Consensus Layer (CL) as a single application does not appear to result in significant additional memory overhead. The Ethereum Foundation previously confirmed that Glamsterdam will activate on Sepolia on October 6, and Nethermind 2.1.0 already supports the upgrade.

The Hong Kong government has reaffirmed that it will submit amendments to the crypto asset licensing bill by the end of 2026, establishing a licensing regime covering digital asset trading, custody, advisory, and management services. Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated that the amendments will address developments in the fintech sector. In January this year, Hui disclosed that regulators plan to submit a crypto asset regulatory proposal by the end of 2026. The Hong Kong Monetary Authority (HKMA) has started processing license applications for stablecoin issuers, and in April issued the first batch of stablecoin issuer licenses to Anchorpoint Financial and The Hongkong and Shanghai Banking Corporation. (Cointelegraph)

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.