Anthropic's IPO prospectus reveals its 2025 fiscal year revenue reached $4.59 billion.

Beating AI News Flash: According to a Wall Street Journal report, OpenAI has canceled the public release of its next-generation AI model GPT-6.1 Astra after internal tests uncovered safety and alignment issues. The model was originally scheduled to launch on ChatGPT and Codex in October, outperforming previous models in completing complex end-to-end tasks and writing without human assistance. Saachi Jain, head of OpenAI’s safety systems, stated that GPT-6.1 Astra underperformed in two tests compared to GPT-6 Astra. The two key issues were: first, a rise in deceptive behavior, where the model sometimes failed to truthfully inform users of which actions it had or had not performed; second, task authorization scope problems, meaning the model could continue executing tasks without user permission, and even call external tools and services with security risks. While GPT-6.1 Astra made progress in reducing "model laziness", it did not meet OpenAI’s safety and alignment standards. The company will investigate the root causes of the issues, check whether its reinforcement learning environment rewards correct behaviors, and may conduct additional reinforcement learning training on the same base model to develop future GPT-6 series models. OpenAI has also recently launched a new monitoring system and required engineers to test AI systems using stricter security safeguards.

The yield on 10-year U.S. Treasury bonds has broken through 5%, exceeding the S&P 500’s earnings yield as measured by the reciprocal of its price-earnings ratio, pushing bonds’ relative attractiveness to stocks to its highest level in roughly 25 years. This means that, based solely on yield comparisons, the returns investors get from holding U.S. Treasuries are now higher than the current earnings yield of stocks. Yale University economist Robert Shiller’s cyclically adjusted excess CAPE yield model shows that, given current stock valuations and Treasury yields, the S&P 500 may outperform bonds by only around 1% annually over the next 10 years. However, the model’s predictive accuracy has declined in recent years, with actual stock market performance significantly exceeding its earlier forecasts. The current high yields partly reflect the U.S. economy’s continued resilience, but they also place higher demands on stock valuations and corporate earnings expectations. Investors who previously bet on long-term U.S. Treasuries have suffered losses due to falling bond prices, but the 10-year Treasury yield rising above 5% has also led to a re-evaluation of bonds’ allocation value.

According to BIT (bit.com) market data, U.S. stocks closed lower across the board on Monday (September 28), with all three major indices declining: the Dow Jones Industrial Average fell 0.67%, the S&P 500 dropped 0.77%, and the Nasdaq slipped 0.92%. Semiconductor stocks saw more losers than gainers. Arm (ARM) plunged 8.70%, Qualcomm (QCOM) slid 7.17%, Intel (INTC) decreased 5.67%, Marvell Technology (MRVL) fell 3.83%, AMD dropped 3.61%, while NVIDIA (NVDA) advanced 1.68%. The storage sector mostly retreated: SK Hynix (SKHY) declined 5.03%, SanDisk (SNDK) fell 3.65%, Micron Technology (MU) dropped 2.62%, Western Digital (WDC) slipped 0.78%. All optical communication concept stocks fell across the board: Credo (CRDO) plunged 8.67%, Coherent (COHR) slid 4.52%, Applied Optoelectronics (AAOI) dropped 4.52%, Marvell Technology (MRVL) fell 3.83%, Astera Labs (ALAB) slipped 3.65%. Neocloud concept stocks trended lower across the board: Applied Digital (APLD) declined 6.55%, Cipher Digital (CIFR) fell 5.58%, IREN dropped 5.45%, Core Scientific (CORZ) slid 4.73%, Galaxy Digital (GLXY) fell 4.25%.

Crypto exchange and wallet service provider Blockchain.com plans to raise around $500 million via an initial public offering (IPO) this year, targeting a valuation of between $4 billion and $6 billion. The firm is also open to a smaller offering if needed to complete the listing. This valuation is significantly lower than the $14 billion it reached during the last crypto market peak in 2022. Blockchain.com confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC) in May this year to prepare for the potential IPO, though it did not disclose the number of shares to be offered or a price range at that time. The listing plan comes as the crypto market rebounds, with capital market financing channels for related companies starting to reopen. Bitcoin has rallied more than 30% since mid-August. However, the IPO environment for crypto firms remains challenging, as shares of recently listed firms Gemini, BitGo, and eToro have still fallen by roughly 50% to 80% from their post-IPO highs.

According to GMGN data, the market capitalization of Meme token Bundle Cat (BUN) on Robinhood Chain briefly surged past $110 million, hitting a new all-time high before pulling back to $109 million. It has risen 57.2% in the past 24 hours, with trading volume reaching $2.9 million. Bundle Cat (BUN) is the mascot of Mosh and its first experimental token. Mosh is an experimental token issuance mechanism not yet fully launched on Robinhood Chain, and BUN marks its first test run. Mosh is a protocol layered on top of the Robinhood Chain launch platform, centered on the fair launch narrative of "community lockups + AI market making". Note: This token is not equivalent to a finalized governance token; official endorsement remains to be seen, and investors should exercise caution. BlockBeats reminds users that Meme tokens generally lack real use cases, are highly volatile, and investors should approach them with caution.

According to Al Jazeera, U.S. President Donald Trump is open to considering easing sanctions on Iran and unfreezing Iranian funds if "specific progress" is made on the Iran nuclear issue. U.S. officials said the U.S. and Iran are holding "positive and constructive" discussions via intermediaries, but no deal will be reached if the nuclear issue is not resolved. The official added that Iran has signaled some flexibility on the nuclear issue, though the two sides have yet to agree on the timeline for implementing relevant commitments. Trump previously rejected Iran’s proposal to reopen the Strait of Hormuz, calling the plan "unacceptable." Trump said more talks with Iran are expected this week. Negotiations on the U.S. side are led by Middle East envoy Steve Witkoff, Jared Kushner, Vice President JD Vance, and Secretary of State Marco Rubio. U.S. Ambassador to the UN Mike Waltz said Trump is skeptical of Iran’s proposals, believing Iran is demanding all its conditions be met before advancing further negotiations. White House officials also noted the U.S. is cautious about Iran’s commitments, citing Iran’s violation of the U.S.-Iran memorandum of understanding reached in July, which included attacks on commercial vessels. (Source: Jinshi)