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Fears of an AI bubble spurred safe-haven buying, pushing U.S. Treasury yields to a three-week low.

49 minutes ago

US September CPI rose 0.6% month-over-month and 3.7% year-over-year, both exceeding expectations, yet Treasuries saw no sell-off. On Thursday, the US 10-year Treasury yield fell as much as 8.4 basis points to 5.105%, hitting a three-week low. Ongoing declines in AI tech stocks and rising associated credit risks drove capital back into Treasuries, outweighing rate-hike fears sparked by hotter inflation. Market concerns are spreading from overvalued AI stocks to the debt financing model for data center construction. Data center operator CoreWeave’s debt financing size is nearly $48 billion, with some of its bond yields rising to around 15% to 16%, sparking concerns over the AI sector’s debt-servicing capacity and private credit risks. BlackRock has downgraded its rating on US equities to "neutral", while upgrading its outlook on Treasuries and showing a preference for short-term Treasuries. Analysts note that recent trends show Treasuries are regaining their safe-haven status during stock market declines, suggesting the traditional stock-bond hedge relationship may be recovering. However, US inflation remains above the Fed’s 2% target, and fiscal deficit and Treasury supply pressures have not abated, so whether Treasuries can sustain their safe-haven function remains to be seen.

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Listed company Smarter Web Company buys an additional 83 BTC, bringing its total holdings to 2,830 BTC.

UK-listed company Smarter Web Company has purchased an additional 83 BTC for roughly £5.2 million (about $6.9 million), lifting its total Bitcoin holdings to 2,830 coins. Meanwhile, the firm cut its outstanding borrowings under its Coinbase credit line from approximately £17 million ($22.5 million) to around £16 million ($21.2 million).

7 minutes ago

DeepSeek will compensate users for their spending over the past seven days, with the full amount refunded in the form of bonus credits.

A DeepSeek staff member announced that from 8:11 to 13:04 Beijing Time on October 15, 2026, the company’s service system malfunctioned, rendering its API services unavailable during that period. DeepSeek has immediately launched a comprehensive investigation and thorough rectification to improve service stability, fully sorting out and eliminating single-point dependencies to firmly prevent similar issues from recurring. As compensation, DeepSeek will fully refund users for their consumption within the 7-day window from October 8 to October 14 via automatic bonus credits, which will be credited to users’ accounts automatically. API billing deductions will first be applied to the bonus account. DeepSeek apologizes again for the impact of this outage and thanks all users for their continuous trust and support.

7 minutes ago

Arthur Hayes Buys $AERO, $PENDLE, and $ZAMA Worth ~$889K

Arthur Hayes(@CryptoHayes) bought 546,610 $AERO ($460K), 120,000 $PENDLE ($232K), and 3M $ZAMA ($197K) an hour ago.

7 minutes ago

Tim Cook confirms the domestic Chinese version of Apple Intelligence will begin testing at the end of October; after a two-year wait, the new version of Siri remains absent.

Beating AI News Flash: Apple Executive Chairman Tim Cook confirmed in a live interview with APPSO that Apple Intelligence will launch a beta version in mainland China by the end of October. The initial features include writing tools, photo erasure, and real-time translation, but exclude the new Siri AI. Domestic Chinese users, who have waited nearly two years, finally have a clear beta launch timeline. This July, Apple’s China-focused generative AI service completed its regulatory filing. On September 29, network access permits for multiple domestic iPhone models added model filing numbers for Apple Intelligence, Alibaba’s Qianwen (Tongyi Qianwen) and Tongyi Wanxiang. Alibaba has confirmed that Qianwen will be directly integrated into Apple devices. Reuters previously also disclosed that Apple, with Alibaba’s support, trained a dedicated large language model for the Chinese market.

7 minutes ago

U.S. September PPI is projected to rise by 0.6%, diesel prices are forecast to surge more than 70% year-on-year, and inflationary pass-through pressures have not yet abated.

The U.S. September Producer Price Index (PPI) will be released at 20:30 Beijing time on October 15. U.S. diesel prices rose 24% month-on-month and 77% year-on-year in August, according to data from the American Automobile Association (AAA). Retail diesel prices hit a record high of $6.528 per gallon on September 22, and stood at $6.30 as of Wednesday, up more than 70% from the same period last year. Oxford Economics forecasts U.S. September PPI will rise 0.6% month-on-month, exceeding the market consensus of 0.5% and the 0.4% reading in August. Analysts note that diesel is a key input for road freight, rail transport and agricultural production; its price hikes will first push up corporate production and transportation costs, then gradually pass through to consumers via fuel surcharges, transport contracts and retail pricing. Even if diesel prices stop rising, cost pass-through may still lag, meaning inflationary pressures have not fully materialized. The Trump administration has taken steps to ease fuel supply strains, including temporarily relaxing some agricultural fuel use restrictions, and claimed Russia will supply diesel to the global market. However, industry insiders believe these measures will not resolve refinery capacity and finished product supply bottlenecks in the short term. Markets will watch whether this PPI data further confirms that the energy cost shock is spreading to corporate-level prices.

7 minutes ago

Bitfinex: Long-term Bitcoin holders have an unrealized profit of approximately 64%, while recent buyers only log a 9% unrealized gain.

Bitfinex stated in a report that the average holding cost of long-term Bitcoin holders is approximately $49,300, with an unrealized profit of around 64% at present. The average cost for recent BTC buyers is roughly $74,400, translating to just a 9% unrealized gain. Bitfinex pointed out that if Bitcoin’s price drops further, recent buyers may be the first to face heavier selling pressure, while long-term holders have a larger unrealized profit buffer.

7 minutes ago

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