Arthur Hayes: Currency Expansion May Drive Cryptocurrency Prices Up

Goldman Sachs raised its Accenture price target to $260 after the company's October 1 earnings beat, implying roughly 22% upside from the current price near $212.30. Reaching it would mean Accenture's valuation multiple expands meaningfully from where it sits today, not just that earnings keep growing.

Accenture stock closed up about 16% on October 1 after fiscal Q4 results beat estimates and bookings hit a record $84.5 billion for the year, intraday gains briefly touched nearly 24%. The move reversed a roughly 30% year to date decline driven by fears that AI would gut demand for traditional consulting work.

WEEX Weekly Market Recap focuses on PCE, payrolls, JOLTS job openings, OpenAI DevDay, The AI Conference, Micron earnings, Accenture earnings, Bitcoin Treasuries Conference, and the NEAR Intents security incident. The week’s core narrative centered on rate-path repricing, AI order validation, AI memory demand, and crypto security risk.

XST coin climbed toward $0.002038 on October 2, 2026, up roughly 77% over seven days. Reaching $0.01 would require a gain of about 391% from that level, and a separate September analysis flagging contract tracking concerns is worth understanding before treating any XST price chart as reliable.

XST coin gained roughly 50% in 24 hours on October 2, but the token remains about 97% below its August all-time high. Trading volume rose alongside the move, while liquidity stayed thin, which is the detail that actually determines whether this rebound holds.

Markets on October 2 are focused on oil, long-end yields and payroll data. Major equity indexes closed slightly higher on October 1 after being pressured intraday by a spike in long-end yields, with AI and energy helping support risk appetite. Accenture (ACN) jumped after AI-related bookings, revenue and full-year guidance topped expectations, while Nike (NKE) fell after hours on weaker sales. Brent crude broke above $102 and energy stocks strengthened. Bitcoin traded near $83,500. Markets are also digesting the NEAR Intents security incident and expectations for Monad’s privacy-service reveal.