Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

SpaceX’s share price has rebounded back to its IPO price of $135. Earlier, the market had feared a mass sell-off by employees and early investors once the lock-up period expired, but no large-scale dumping materialized, and the stock instead climbed higher. SpaceX’s early post-IPO rally was partly fueled by its "scarcity value", but as more shares become available over time, the market’s focus has shifted from "whether the stock is scarce" to "who will keep absorbing the supply". The first major lock-up release unlocked roughly 912 million shares, and an additional ~3 billion shares are expected to become tradable by the end of this year. Meanwhile, Wall Street is accelerating the integration of SpaceX into institutional investment frameworks. Multiple banks have released price targets after the quiet period, with a median of ~$225, ranging from $190 to $800: Goldman Sachs at ~$205, JPMorgan at ~$225, and Morgan Stanley at ~$300. As analyst coverage, valuation models, liquidity, and potential index inclusion gradually mature, SpaceX is evolving from a "scarce asset" to a standard security that institutional investors must compare with holdings like Nvidia, Microsoft, Amazon, and Google during portfolio allocation. However, SpaceX’s current valuation already factors in expectations of rapid future growth for its core businesses: Starlink, Starship, AI infrastructure, and orbital computing. As share supply grows, the "scarcity premium" will gradually weaken, and the stock’s ability to keep rising will depend more on the delivery of fundamentals and whether institutional capital can continue absorbing the new supply.

Thousands of X users have reported receiving unsolicited password reset emails, including accounts of multiple well-known crypto industry figures and CoinDesk staff. Some users received up to 10 such emails within hours, sparking market concerns over account takeover attacks or potential data breaches. Crypto investor Nic Carter noted that a large number of users are receiving X password reset requests, and recommended enabling X’s "Password Reset Protect" feature. Another crypto user, cap.eth, said that even with two-factor authentication enabled, someone is still "actively" attempting to reset their password. There is currently no evidence that the X platform system has been compromised or that a large-scale account takeover has occurred. X’s security mechanism allows attackers to initiate password reset requests using only publicly available usernames, after which X sends reset emails to linked email addresses. Thus, receiving such emails does not in itself mean a user’s email address has been leaked. X has not yet publicly responded to the abnormal password reset requests, nor has it confirmed any coordinated attack activities or security incidents. Industry insiders advise users to check their account security settings and enable the Password Reset Protect feature.

According to a report from The Information, insiders revealed that Elon Musk has adjusted SpaceX’s data center construction team in recent weeks, replacing multiple leaders and bringing in executives from the company’s rocket and satellite internet divisions to strengthen its data center infrastructure. Two sources noted that the data center restructuring stems from civil engineering issues and persistent reliability problems at SpaceXAI’s existing facilities in Tennessee and Mississippi. During the early phase of its AI infrastructure development, SpaceXAI rushed to complete these data centers quickly, resulting in some facilities operating for months without backup cooling and power systems—a setup that has heightened the risk of system outages.

21 international financial institutions have announced plans to establish a new company in the second half of 2026 to advance the issuance of a stablecoin, with its specific name to be disclosed later. The new entity will initially focus on USD-denominated stablecoins, with plans to expand to additional G7 currencies in the future, prioritizing euro-denominated stablecoins. Participating institutions include Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, Deutsche Bank, UBS, Wells Fargo, BBVA, Santander, MUFG Bank, and others. The stablecoin is targeted at wholesale, institutional, and retail markets, and will be applied to scenarios such as cross-border payments and digital asset settlement. The group stated that the stablecoin scheme will combine bank-level compliance, governance, and institutional risk management capabilities, and plans to meet relevant regulatory requirements including the U.S. GENIUS Act and EU MiCA. The project aims to officially launch the stablecoin product in the first half of 2027.

Cybersecurity firm Morphisec reports that a malware program disguised as Anthropic’s Claude desktop application is spreading the Windows malware RevStealer, with attackers luring users to download and install it under the name "Claude Opus 5 Free Desktop". According to reports, RevStealer can steal browser passwords, cookies, password manager data, VPN and remote access configurations, instant messaging data, screenshots, and specific documents, targeting more than 50 cryptocurrency wallets. The malware also features anti-analysis mechanisms, which determine if it is operating in a real user environment by checking device memory, CPU core count, username, hostname, and graphics card details; if a debugging or virtualization environment is detected, it may halt subsequent malicious activities. Morphisec added that RevStealer has previously spread via GitHub repositories and game cheat-related websites. Researchers warn users to avoid downloading AI apps like Claude from unofficial sources, and to be especially cautious of installers claiming to offer "free premium versions" or "cracked versions".

Alkemya Metacore announced it has completed a $50 million pre-IPO financing round, and plans to raise additional capital via the issuance of tokenized equity ALKN. The round was led by Gumi Cryptos Capital, with participation from firms including Maven 11, Metalayer, Joint Effects, and Tribe Capital. Alkemya Metacore holds approximately 7 million meters of ultra-high-purity nickel wire with 99.99% purity and a diameter of just 0.025 mm. Independent verification values this asset at roughly $1.64 billion, which is currently held by an institution based in Lugano, Switzerland. The company intends to use the financing to process the nickel wire into engineered mesh products, which will be applied in sectors including electromagnetic shielding, aerospace and defense, marine and desalination, power and industrial operations, semiconductors, green hydrogen energy, and precious and rare metal recycling. The ALKN token will be issued by Luxembourg-based Alkemya Metacore SCSp, and is planned to trade on regulated platforms including Bitfinex Securities. The new ALKN issuance is priced at $1 per token, targeting institutional and professional investors, with a closing date of October 15. Under the revenue distribution mechanism, investors will first receive a full return of their capital, plus a preferred return calculated at 6% annual compound interest. Profits from commercial operations will be split between token holders and partners at an 80:20 ratio. The company stated that tokenized securities will help it reach global investors and provide round-the-clock on-chain trading channels for traditional physical assets.