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

According to Lookonchain's monitoring, crypto personality "Big Brother Ma Ji" (Huang Licheng) has earned two more profits from PUMP trades, notching 12 consecutive profitable PUMP trades over the past week with cumulative gains of $2.14 million. His current long positions include: 34,100 ETH worth approximately $92.98 million; 456 BTC valued at around $39.41 million; 174,500 HYPE worth roughly $15.84 million; and 425 million PUMP valued at about $2.72 million.

Drift Foundation has issued a statement on DFX-related matters, clarifying that DFX is not pegged to 1 USDT. For every verified 1 USDT in user losses, claimants will receive 1 DFX, though the actual redemption amount depends on the recovery pool’s asset balance at the time of redemption. The recovery pool currently covers only roughly 1% of total claims. Redemption is not mandatory: users may hold DFX and retain their claim to the recovery pool as funds are deposited into the pool and DFX supply shrinks, or trade DFX on secondary markets including Raydium. Tether has committed up to 127.5 million USDT to support Velocity’s restart and user asset recovery, but this funding will be matched against Velocity’s net protocol revenue and has not yet been disbursed as a lump sum. The deadline for DFX claims is January 1, 2028. Already claimed DFX will not be burned. Users who previously failed to claim have their allocated amounts intact and can reattempt the process; the website wallet warning issue has been resolved.

Machi(@machibigbrother) won 2 more trades on $PUMP, making it 12 wins in a row over the past week, with a total profit of $2.14M. Current long positions: 34,100 $ETH ($92.98M) 456 $BTC ($39.41M) 174,500 $HYPE ($15.84M) 425M $PUMP ($2.72M)

According to a Reuters report, crypto-friendly bank Revolut has reached a private valuation of $115 billion, making it Europe’s highest-valued startup, surpassing UK’s Barclays and France’s Société Générale. The company currently has 80 million customers, close to JPMorgan Chase’s 84 million and higher than HSBC’s 41 million. Revolut is applying for additional market licenses to expand its operations from Mexico to regions including Australia. In 2025, Revolut posted a pre-tax profit of ￡1.7 billion, lower than Barclays’ ￡9 billion but still maintaining rapid growth. Its revenue comes from multiple products such as payments, foreign exchange, and card subscriptions, rather than relying primarily on loans. As of the end of 2025, Revolut’s loan volume stood at only ￡2.2 billion, with a loan-to-deposit ratio of 6%—significantly lower than HSBC’s 55% and Société Générale’s 86%. Revolut still faces challenges including low revenue per customer, limited lending scale, and insufficient usage of its core accounts. In the U.S. market, the company holds a temporary license but will face fiercer competition. Additionally, Revolut was previously fined in Lithuania for anti-money laundering deficiencies, and in September, it mistakenly sent some customer data to hackers impersonating government investigators.

Beating AI News Flash: Figure AI founder Brett Adcock announced that his personal AI assistant Hark will officially launch this week. The first 100,000 registered users will receive a free paid plan. Hark is designed to remember users long-term and complete tasks directly on their behalf. Its previously disclosed core capability is the web operation agent Handoff. Each time a task is assigned, Handoff launches an isolated virtual computer environment, including a browser, file system, and terminal. It can independently handle tasks like ordering food, shopping, booking flights and restaurants, as well as sourcing candidates on LinkedIn, sending messages, and scheduling interviews. Handoff scored 97.7% in the public Online-Mind2Web human evaluation, currently ranking first, with second-place Yutori Navigator scoring 97.3%. Hark also conducted two additional web operation tests on its own. Combining results from all three tests, Hark claims Handoff outperforms GPT-5.4 by an average of 8 points and Opus 4.8 by 2 points. However, the latter two tests were conducted by Hark using its own evaluation environment, not third-party independent assessments. Hark previously closed a $700 million Series A funding round, with a post-money valuation of $6 billion, with investors including NVIDIA, AMD Ventures, Intel Capital, and Qualcomm Ventures. Previously, Hark’s public showcases were primarily research previews and official demos; this launch marks its official opening to general users.

Beating AI News Flash: OpenAI Product and Platform Head Thibault Sottiaux announced that over the next 28 days, Codex and ChatGPT Work will either roll out an update delivering "clear improvements for most users" or conduct a full usage quota reset each day. The day prior, Sottiaux noted the team had "locked in their goals". User feedback is clear: users want the products to be simpler. Moving forward, the team will only focus on four priorities: simplifying the product, boosting efficiency to expand users’ available usage, developing breakthrough features, and launching new models. The announcement comes as Codex faces intensifying external competition. Following Anthropic’s release of Opus 5.5, comparisons between Claude Code and Codex have grown significantly in the community, with discussions centered on model capabilities, speed, and subscription quotas.