Tether Releases Q2 Financial Report: Net Operating Profit Hits $1.5 Billion, Reserve Assets Exceed Liabilities by $4.11 Billion

Beating AI News: Former Feishu Product Vice President Shi Kaiwen has abandoned his edge-side Agent startup and joined a large language model company as a product partner. It has been less than three months since he announced the startup at the end of June. Shi originally planned to develop an edge-side Agent, with team members from ByteDance and Shanghai Jiao Tong University. A June report also mentioned that Sequoia China and Junqiu Fund participated in the early-stage investment, but the funds have not actually been disbursed. The project had not disclosed specific product details before. Shi joined ByteDance in 2019, long leading Feishu’s product direction and spearheading Feishu’s multi-dimensional spreadsheet feature.

Beating AI News Flash: Anthropic’s latest economic scenario model shows that in the most extreme case, if AI can independently complete the vast majority of knowledge-based jobs and spread rapidly, the U.S. annual GDP growth rate could reach 15%, with the economy doubling roughly every 4.5 years. By 2030, U.S. GDP could hit $44.4 trillion, 32.4% higher than in a scenario without AI. Anthropic emphasized that this is a conditional extreme scenario, not a formal forecast. Earlier, Elon Musk put forward a more radical assessment: he recently stated that combining AI with humanoid robots will drive the global economy to more than double in less than 10 years, and views the mass production of humanoid robots as a key milestone for this shift. The two views share clear logical alignment: Anthropic’s calculation focuses on the economic impact of large-scale automation of knowledge work by AI, while Musk extends AI’s capabilities to the physical world, arguing that after humanoid robots enter mass production, automation will expand from the digital realm to real-world production. However, Anthropic clarified that its current model does not yet include humanoid robots with superhuman capabilities. The firm’s survey of 10,980 U.S. respondents found that their typical expectation only translates to a 10% higher GDP in 2030 than in the no-AI scenario, with only around 10% of respondents offering judgments close to the extreme scenario.

Upbit announced it will terminate trading support for Ravencoin (RVN), covering three trading pairs: RVN/KRW, RVN/BTC, and RVN/USDT. Trading will officially end at 15:00 Korean Standard Time (KST) on October 12. The exchange stated it had previously classified RVN as a "trading attention asset" on August 11. Following further review, Upbit concluded that relevant risk factors have not been resolved. Citing past security incidents involving RVN that could lead to user losses, the exchange decided to delist the token to protect investors, in line with its trading support termination policy. After the trading halt, all pending orders will be canceled. Upbit will continue to offer withdrawal services for 30 days, with users required to complete their withdrawals by November 11 at the latest. Per Upbit’s trading support termination policy, the exchange typically provides 30 days of withdrawal support after halting trading for such assets.

Citadel Securities has submitted comments to U.S. regulators, urging the U.S. Securities and Exchange Commission (SEC) to oversee event contracts related to U.S. listed companies. The market maker stated that trading platforms should not evade the SEC’s regulatory jurisdiction by self-certifying with the U.S. Commodity Futures Trading Commission (CFTC). The dispute over regulatory authority for event contracts is intensifying. Currently, some U.S. prediction markets launch such contracts under the CFTC framework, and as event contracts gradually cover financial assets like stocks, the regulatory boundary between the SEC and CFTC has become a key focus of the market.

According to HTX market data, Bitcoin has fallen below $78,000, with a 1.64% decline in the past 24 hours.

According to GMGN market data, the Robinhood ecosystem meme coin MOO has surged over 80% in 24 hours, with its market capitalization rising to $42 million and 24-hour trading volume hitting $6.4 million. The meme coin MOO leverages stock trading platform Robinhood, pairing with tokenized U.S. stock Micron Technology (MU) as its underlying pool, and provides liquidity through the MOO/MU trading pair. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, with no actual value or practical use cases; investors should be cautious of risks.