Pendle’s high-yield USDC vault surpasses $16 million in deposits less than a day after its launch.

Driven by rising energy costs, the U.S. September Producer Price Index (PPI) exceeded expectations across the board, signaling that the impact of higher energy prices is spreading to all sectors of the U.S. economy. Data released Thursday by the U.S. Bureau of Labor Statistics showed that the September PPI rose 1.3% month-over-month and 6.3% year-over-year. Excluding food and energy, core PPI increased by 0.7% month-over-month and 5% year-over-year. The report noted that alongside rising fuel prices, underlying inflationary pressures in the U.S. remain persistent. With the November midterm elections just weeks away, the burden of rising living costs has become a central campaign issue. This data could also prompt Federal Reserve officials to continue raising interest rates in the coming months, particularly as another report released Wednesday showed a key U.S. consumer price metric rose faster than expected in September. The report also indicated that price pressures are expected to stay elevated in the coming months. A gauge measuring input price expectations over the next six months rose to its highest level since 2022.

US initial jobless claims for the week ending October 10 stood at 199,000, versus expectations of 200,000, while the prior week's reading was revised from 197,000 to 198,000.

US September PPI year-over-year rate reached 6.3%, the highest level since May 2026, surpassing the market expectation of 5.3%. The US September PPI month-over-month rate stood at 1.3%, far exceeding the market forecast of 0.5%. US September retail sales posted a month-over-month rate of 0.8%, beating market expectations.

Crypto hardware wallet maker Ledger has announced the launch of Ledger Agent Intent, which is now available for free to all Ledger-compatible signing devices. The AI agent can monitor markets and offer portfolio optimization suggestions; users review and approve related operations on their Ledger devices, with private keys remaining fully under their control. Ledger notes that Agent Intent will integrate directly with OpenClaw, allowing users to register and authorize OpenClaw agents on Ledger Atom devices, where the OpenClaw app will be pre-installed. The tool also supports the Solana Foundation’s Pay.sh, with requests from the agent entering a unified queue that users can choose to sign at their preferred time. On the privacy front, Ledger has partnered with Venice AI. The company states that while the agent leverages AI capabilities, user data will not be used as training data for third-party models.

According to Lookonchain's monitoring, approximately 9 hours ago, three wallets dumped 2.9 billion PUMP tokens at a price of $0.00434, netting 12.58 million USDC.

According to Bloomberg, Ripple’s prime brokerage division Ripple Prime is launching real-world asset (RWA) perpetual contracts for institutional clients, covering over 100 reference markets including stocks, indices, ETFs, and commodities. The product is offered via Trade.xyz on Hyperliquid, continuing Ripple Prime’s prior strategy of opening crypto perpetual contract trading to its clients. This setup supports cross-position margin sharing. Michael Higgins, Ripple Prime’s International CEO, said the move helps institutions improve capital utilization and position management efficiency. Clients can either pair perpetual contracts with underlying assets for basis trading, or use the contracts for directional trading to gain exposure to relevant assets during traditional market holidays and weekends. Over the past year, the open interest of RWA perpetual contracts on several major trading platforms has risen from near zero to $9 billion. Higgins also noted that traditional hedge funds are “very close” to directly participating in the tokenized RWA market, with the key being establishing infrastructure that meets their counterparty and anti-money laundering requirements.