Tether CEO: Still Focused on Markets Outside the U.S., Planning to Launch Compliant Stablecoin to Attract Institutional Funds

According to Bitget market data, Hong Kong-listed Xiaomi Group-W (HK1810) surged over 8% to trade at HK$25.54 per share. Driving the rally: Xiaomi’s first range-extended electric vehicle, the Pengcheng (branded Sky Nomad), secured more than 70,000 confirmed orders in its first month on the market, while its September vehicle deliveries have already exceeded 40,000 units.

Beating AI News Flash: Anthropic has updated its usage policy, explicitly banning users from persistently and unreasonably abusing or cruelly treating its AI models (such as Claude) for the first time. The new rule will take effect on November 12. Anthropic stressed that the ban only applies to extreme cases of repeatedly maliciously treating models with no clear purpose. Users getting angry at or criticizing models for wrong answers, or conducting normal testing and research, will not be affected. In fact, Anthropic already allowed Claude to proactively end extremely malicious conversations as early as last August; this time, such behavior is formally classified as a violation. The company noted that the primary measure is still to have Claude end the current chat, and users can restart the conversation. As for whether additional penalties like account bans will be imposed, Anthropic has not yet specified. This update ties into Anthropic’s stance on AI consciousness: the company has been researching whether models might possess subjective experiences, but has not reached a definitive conclusion. The new rule has sparked debate on Reddit: some support it, arguing that AI should not be used as an outlet for emotional venting; others question whether Anthropic is over-personifying AI. The same policy update also clarifies bans on fake account promotion, weapons control software, and unauthorized surveillance of others.

Citi believes that if the short-term growth rate of core PCE continues to hover near the 2% annualized level, the tightening path after the September rate hike may shift. The key question is whether the Fed’s previously expected subsequent rate hikes will still materialize, rather than an immediate pivot to rate cuts. Citi economist Andrew Hollenhorst noted in a report that the U.S. economy is not overheated, adding that “we have not seen strong grounds for further rate hikes.” The September meeting minutes revealed that at least some officials also did not judge the economy as clearly overheated, but agreed to raise rates based on risk management amid upside inflation risks. This means if underlying inflation continues to cool, the preventive justification for the September rate hike could quickly fade. Most officials still expect a possible additional rate hike before year-end, but the minutes show no urgency for a consecutive October rate hike. Citi prioritizes core PCE month-on-month data over the still-high year-on-year figure: August core PCE rose 0.2% month-on-month, July was revised to 0.1%, and August year-on-year rose 3.0%. If it runs at an annualized rate of around 2% for several consecutive months, inflation would be seen as falling at the “sufficient pace” required by the Fed. Citi also remains cautious about energy shocks passing through to core inflation, arguing that companies have not yet broadly passed on energy costs to core prices. Its baseline scenario projects core inflation to stay low over the next four months, and flags downside risks to September core inflation. A so-called “dovish surprise” would likely mean the rate hike cycle ends earlier than the dot plot and market expectations, rather than a rapid shift to rate cuts. Fed Chair Jerome Powell has not yet clarified the standard for “sufficient pace”; an annualized core PCE rate of around 2% over several consecutive months can serve as a reasonable reference.

According to Bitget market data, China’s A-share market is in a downtrend: the Shanghai Composite Index fell 1.3% to 3762 points, the Shenzhen Component Index dropped 2.64%, the ChiNext Index fell below the 3000-point mark, down 3.4% on the day. The Beijing Stock Exchange 50 Index also slipped below the 1000-point level, hitting its lowest point since January 2025.

According to a report from The Wall Street Journal, SpaceX will acquire mobile spectrum licenses from Grain Management for approximately $8 billion in cash.

Machi(@machibigbrother) has lost $8.44M in just one week! As the market drops, his account value has fallen below $1M again. He currently holds a 9,950 $ETH ($24.68M) long, with a new liquidation price of $2,431.59.