The A-share market declined, with the Shanghai Composite Index falling 1.3% and the ChiNext Index plunging 3.4% intraday.

According to on-chain analyst Ai Yi (@ai_9684xtpa), an address that has held ONDO for over a year appears to have liquidated its $4.47 million position. The address mcaavebank.eth transferred 9 million ONDO tokens to OKX six hours ago, at a unit price of $0.4963. The address had previously served as a liquidity provider for ONDO on Uniswap, while ONDO’s price ranged between $0.7 and $1.3 one year ago.

According to Bitget market data, Hong Kong-listed gold and non-ferrous metal concept stocks rose collectively. Chifeng Gold (06693.HK), Zijin Gold International (02259.HK), Ganfeng Lithium (01772.HK), and Tianqi Lithium (09696.HK) surged over 5%, while Zijin Mining (02899.HK) and Shandong Gold (01787.HK) gained more than 4%. Meanwhile, spot gold rose 0.98% in 24 hours to $4,174 per ounce. On the news front, data from China’s central bank shows that China’s gold reserves stood at 77.47 million ounces at the end of September, a month-on-month increase of 740,000 ounces, marking the 23rd consecutive month of gold reserve additions. Additionally, Goldman Sachs and Citigroup maintained bullish outlooks on gold. Goldman Sachs projects that driven by strong demand from central banks seeking to diversify their foreign exchange reserves, gold prices will reach $4,900 per ounce by the end of 2026. Citigroup set its 0-3 month gold price target at $4,800 per ounce and 6-12 month target at $5,000 per ounce, both higher than the current spot price.

Insight Beating AI News Flash: Anthropic’s Claude has faced a fresh wave of mass account ban complaints recently. The South China Morning Post reports that on October 1, multiple users in Hong Kong, China suddenly received account suspension notices. They had previously accessed Claude via virtual private networks (VPNs), with some having used the service for up to half a year. A user on Chinese tech forum V2EX also noted their three-year-old account was deactivated. A key focus of the recent bans is region restrictions: Anthropic’s official supported regions do not include mainland China, Hong Kong, or Macau. Some users received emails explicitly citing "violation of supported region policy". Even switching VPN exit locations to the U.S. or Singapore does not meet compliance requirements, as the company mandates users be physically present in supported regions. However, some users have complained of suspected wrongful bans. A paying user claiming to reside in the U.S. posted on GitHub that their account was banned due to region policy. After appealing, Anthropic refused to restore the account under the pretext of "violating usage policy" without specifying the exact infraction. The user added that the appeal channel was closed, and contacting other support teams yielded no effective resolution. Anthropic has not disclosed the scale of the recent bans nor confirmed it is conducting a new round of mass cleanup. The company updated its usage policy on October 8, reaffirming the scope of its region restrictions.

Robinhood Crypto announced it is exploring a partnership with the digital assets division of T. Rowe Price, the asset management giant overseeing roughly $1.9 trillion in assets, to launch stock tokens linked to actively managed ETFs on Robinhood Chain. If the plan moves forward, this would mark Robinhood’s first such stock token. Robinhood stated that the initiative remains forward-looking and exploratory, requiring completion of legal due diligence, approval from the issuer’s board of directors, and regulatory clearance across all relevant jurisdictions. Its stock tokens are tokenized debt securities, and are currently unavailable to U.S. users, with additional restrictions applying in Canada, the U.K., Switzerland, and other regions.

Julia Leung, CEO of Hong Kong’s Securities and Futures Commission (SFC), said in a speech at the Asia Securities Industry and Financial Markets Association (ASIFMA) conference on Friday that the regulator is studying measures to reform market microstructure, including extending securities trading hours, which will first be rolled out in the derivatives market. This move will help investors respond timely to fast-changing global markets spanning different time zones, ensuring Hong Kong retains its competitive edge. In the long term, the extended trading hours policy will be supplemented by other upcoming innovative measures, such as tokenized currency and digital Hong Kong dollar (e-HKD) settlement arrangements. Together, these measures will give investors greater flexibility to adjust positions and manage risks based on the latest market information. Hong Kong Exchanges and Clearing (HKEX) will release a consultation paper on extending spot market trading hours in the fourth quarter, and welcomes all stakeholders to submit feedback actively.

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.