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Seventeen-year-old Kimi former researcher Chen Guangyu has been reported to join Discovery Loop, an AI company founded by former Google chief scientist Jeff Dean. On October 20, the anonymous account Arfur Grok, which tracks the movement of AI talent in Silicon Valley, disclosed this news. Chen Guangyu had just announced his departure from Kimi five days prior, where he was involved in research on Attention Residuals architecture and the development of Kimi K3.Discovery Loop was established in August of this year, co-founded by Jeff Dean and three other Google veterans. The company plans to enable AI to autonomously propose research hypotheses, run thousands of experiments in parallel, and adjust plans based on results, initially focusing on AI model development, with future expansion into fields such as healthcare, materials, and energy. Google's parent company Alphabet is one of its founding investors, and the company has yet to launch any public products. Business Insider reported in September that Discovery Loop is seeking funding at a valuation of about $50 billion.Previously, Silicon Valley investor Deedy Das mentioned a 17-year-old who received five job offers in the million-dollar range in AI. There was speculation that it was Chen Guangyu, but Deedy never publicly disclosed the individual's identity.

Analyst Jeff DerGurahian from loanDepot stated that due to rising oil prices and a weak stock market, mortgage rates in the United States may remain around 7% in the fourth quarter.The weak stock market is attracting buyers back to the bond market, but high oil prices are exacerbating inflation concerns, which may force the Federal Reserve to raise interest rates.

Jefferies economist Mohit Kumar pointed out that in the next three years, the United States will invest 2.5% to 3% of its GDP in AI infrastructure, a scale that will exceed historical records.He warned that if the pace of construction slows down, it will have a significant impact on related companies and the U.S. economy.

The founder of the decentralized perpetual contract trading platform Hyperliquid, Jeff Yan, was interviewed by the Empire podcast at DAS 2026 Asia Station. When asked what he would build if he were a builder and no longer allowed to create infrastructure, he stated he would look at what hasn't been built yet and has real potential, depending on what other builders are doing.Jeff Yan mentioned that at least for now, he might explore options because he has heard many people want to trade options. He believes that perpetual contracts generally meet the needs of many users, but some users express that trading perpetual contracts does not satisfy all the market views they want to express.He thinks that HIP-4 is a very obvious way to build an options protocol, which can inherit spot, order books, and portfolio margin; on the market-making side, there are also perpetual contracts that can be used to hedge the delta of options. The key is how to turn that one element into something widely appealing. He does not believe that any products similar to options or convexity yield styles have truly achieved escape velocity in the crypto space, but such products have clearly done so in traditional finance.

According to Fox News, Jeff Bezos stated that Blue Origin has raised $10 billion from external investors for the first time.

ChainCatcher live report, at the Token2049 conference in Singapore, Hyperliquid Labs CEO Jeff Yan stated that the market may have "overcomplicated" the combination of AI and finance: Agents are already superhuman in many capabilities, and this gap will continue to widen; from a technical perspective, there are no barriers for Agents to interface with any system's API. He believes that what may truly hinder the widespread adoption of Agents is that existing systems do not place data and value at the same level of abstraction, meaning that while requests and responses can be transmitted freely over the internet, when it comes to the flow of funds, it still relies on specific institutions to "give a nod or shake their head."Jeff Yan assesses that such compliance steps will still exist in the future, but they will occur above the internet layer and protocol layer, rather than within the protocol layer itself; once the protocol layer can natively carry value like it does with data, and compliance is positioned at a higher level, Agents can truly showcase their capabilities in on-chain financial systems.He also predicts that a common future scenario will be that users set high-level goals, and the purpose of financial systems is to help people accumulate wealth and live better lives, with superintelligent agents transforming those goals into specific actions, where Agents play a complementary role, which requires the underlying systems themselves to be open and accessible.

Federal Reserve Vice Chairman Jefferson stated that the interest rate hike in September will help stabilize inflation expectations.

Jeffrey's global economist Mohit Kumar stated that the current level of U.S. Treasury yields is attractive to long-term investors, but uncertainty remains high. Jeffrey's believes that central banks will not implement rate hikes as significantly as reflected in market pricing.According to LSEG data, the money market has priced in an expectation of a cumulative 93 basis points rate hike by the Federal Reserve over the next 12 months.

Jeffrey Park, Partner and Portfolio Manager at ParaFi Capital, stated that Anthropic should not proceed with an IPO based on current metrics. He mentioned that the power of American capitalism is built on a social contract: if humanity must bear its risks, the public should also share in its prosperity, rather than just footing the bill.Jeff Park pointed out that Anthropic is valued at $2 trillion but is held by only about 300 private investors. If it goes public, early growth profits will have already gone to a few private holders, while the public will have to bear the risks. In contrast, Meta is owned by over 5,000 institutions and millions of retail investors, with Facebook going public at a $100 billion valuation, allowing the public to share in a tenfold return after the IPO. He also noted that Anthropic's prospectus includes 80 pages of risk factors, warning that its technology could pose "catastrophic or existential risks." He argued that if these risks are real, the company should be partially nationalized rather than sold to retail investors; otherwise, it should remain private and self-finance until it achieves sustainable profitability.

Writer and author of "The Price of Tomorrow," Jeff Booth, stated in a video interview with Bitcoin Magazine that the price target of $1 million for Bitcoin is "thinking too small." He believes that pricing Bitcoin in a constantly depreciating fiat currency is equivalent to valuing it within a system manipulated by currency devaluation, making such a target invalid. In his view, Bitcoin is not just a token or an asset, but the beginning of a decentralized, secure, and privacy-focused protocol stack, which will ultimately resemble the internet, and it is also the first true free market in human history.In the interview, Booth also discussed AI valuation and technological deflation. He believes that a free market will drive the prices of AI services toward zero, and this deflationary force brought by AI will conflict with a monetary system built on debt. He mentioned the United States' debt of up to $40 trillion, bond yields, and a financial system that is approximately $350 trillion in size and essentially insolvent, linking AI singularity theory, market fear, and monopolistic regulation.In the longer-term section, Booth talked about the adoption timeline of Bitcoin and emphasized that Bitcoin is not just an asset. He also discussed the global expansion of Bitcoin payments and the circular economy, as well as ideas such as private equity supported by Bitcoin and permanently held enterprises, outlining a deflationary future priced in Bitcoin.

Jefferies global economist Mohit Kumar stated in a report that the Federal Reserve is expected to raise interest rates this week and believes that Waller's comments are crucial. He said, "We expect the Federal Reserve to raise interest rates, but Waller's comments on the future direction of policy will be key."Regarding further rate hikes, Jefferies believes that the actual actions of the Federal Reserve will be fewer than the 3.5 rate hikes anticipated by the forward market. Kumar said, "From a credibility standpoint, the first rate hike may be necessary, but subsequent hikes will depend on how long the war lasts and the trend of oil prices."

According to Jinshi reports, Federal Reserve Vice Chairman Jefferson stated that the environment of low hiring and low layoffs is driven by uncertainty, particularly concerns about artificial intelligence.

According to Jinshi reports, Federal Reserve Vice Chairman Jefferson stated that he is firmly committed to restoring inflation to the target of 2%, which is consistent with the Federal Reserve's dual mandate.

According to CoinDesk, investment bank Jefferies stated in its latest report that the U.S. CLARITY Act still faces significant legislative hurdles in the Senate, and related legislative progress in the coming weeks may exacerbate volatility in the cryptocurrency market.Jefferies pointed out that although the bill previously passed the Senate Banking Committee with a bipartisan vote of 15 to 9, there are only about 20 legislative days left before the August congressional recess. The Senate still needs to complete the bill's consolidation, procedural voting, coordination with the House version, and submission for presidential signature, making the timeline very tight.Polymarket data shows that the probability of the bill passing by the end of 2026 has dropped from 70% in mid-May to 48%. Jefferies believes that if the bill passes smoothly, it will establish a clear regulatory framework for digital assets, prompting banks, asset management institutions, and exchanges to accelerate their layout in tokenized assets, custody, staking, lending, and other businesses, as well as facilitate more cryptocurrency ETFs and IPOs of cryptocurrency infrastructure companies. If the legislation is delayed, it may prolong regulatory uncertainty, causing traditional financial institutions to slow down their blockchain business advancement.The report predicts that the progress of the bill will continue to affect the market performance of cryptocurrency concept stocks such as Circle (CRCL), Coinbase (COIN), Bullish (BLSH), and some cryptocurrency assets.Jefferies also noted that in the long term, compared to regulatory changes, the greater challenge faced by stablecoin issuer Circle still comes from competition with banks, fintech, and payment companies.

According to Wccftech, investment bank Jefferies' latest research report indicates that due to the ongoing global supply shortage and strong demand for AI computing power, memory chip prices are expected to see a significant increase in the second half of 2026 and in 2027.The report predicts that memory chip prices will rise by 40% to 50% quarter-on-quarter in the third quarter of 2026, and will continue to rise by 30% to 40% quarter-on-quarter in the fourth quarter; by 2027, the overall year-on-year price increase will reach 40% to 45%. It is not until 2028, with the introduction of 15% to 20% of new production capacity into the market, that prices are expected to decline.Additionally, the report emphasizes that currently about 50% of global memory production capacity is locked in by long-term agreements (LTA) with large technology companies, which will further compress supply in the consumer electronics market and drive up end-user costs. Analysts also believe that before the large-scale expansion of capacity by domestic Chinese memory manufacturers in 2028, it will be difficult to significantly alleviate the tight situation and prices in the global market.

According to Jinshi reports, Mohit Kumar of Jefferies Group stated in a report that despite the decline in oil prices, the interest rate market has not quickly incorporated the expectations of falling oil prices into pricing. He pointed out that as the market focuses on the increase in traffic through the Strait of Hormuz, the drop in oil prices has exceeded expectations. Jefferies believes that one of the main impacts of the US-Iran agreement is that major global central banks no longer need to raise interest rates, maintaining the view that the Federal Reserve will not raise interest rates this year, and that the Fed's next move will be to cut rates rather than raise them.

According to Jinshi News, LPL Financial Chief Equity Strategist Jeff Buchbinder stated that investors are closely watching the first press conference of the new Federal Reserve Chairman, Waller, to understand his views on inflation, unemployment, and the economic outlook. Currently, the yield on the U.S. 10-year Treasury bond is fluctuating around 4.43%, and he believes that what Waller least wants to see is a sharp rise in the 10-year Treasury yield; keeping it below 4.5% is crucial for the market.

Jefferies stated after the first Digital Asset Investor Conference that as Wall Street and the payment industry accelerate the adoption of digital asset infrastructure, the number of publicly listed companies related to cryptocurrencies and blockchain may increase in the next two years, with the sector expected to grow into a $1 trillion public market within 5 years.Jefferies noted that institutional investors are shifting their focus from Bitcoin price speculation to the integration of blockchain infrastructure, with a focus on tokenized money market funds, private credit, blockchain settlement networks, stablecoins, and tokenized payments. The firm also pointed out that a clearer regulatory framework could further drive institutional adoption.

According to Jin Shi reports, Federal Reserve Vice Chairman Jefferson stated that it is very important not only to communicate but also to take action to help the public understand our intention and commitment to restore inflation to the 2% target.