Three wallets sold off 2.9 billion PUMP tokens 9 hours ago, worth roughly $12.58 million.

Elon Musk responded on X to a post alleging Amazon was blocking Grok bots from placing orders and urging him to launch X Shop, saying, "Maybe we should start a company to compete with Amazon."

NEAR Foundation announced that Mert Mumtaz, CEO of Solana infrastructure firm Helius, has joined the foundation’s board of directors. He will assist in advancing product strategy, ecosystem growth and governance, while supporting NEAR’s expansion into the privacy-focused on-chain market. The board is responsible for overseeing the foundation and its major decisions. Mumtaz will also serve as a judge for the NEAR Hackathon held from November 1 to 14. Helius offers RPC nodes, data feeds, transaction relaying and validator services, with its infrastructure used by teams including Phantom, Jupiter, Coinbase and Bitwise. An early user of NEAR Intents, Mumtaz once referred to the protocol as a "market of markets". According to the NEAR Foundation, NEAR Intents has accumulated over $33 billion in total trading volume, with its privacy-focused total value locked (TVL) exceeding $160 million. Other board members include NEAR co-founder Illia Polosukhin, Anchorage Digital co-founder Diogo Mónica, former NEAR Foundation COO Chris Donovan and NEAR One founder Bowen Wang.

Stripe announced a partnership with Plasma to develop multi-currency stablecoin cards, designed to enable individuals and businesses to spend using currencies already held in their accounts, reducing unnecessary currency conversions and foreign exchange costs. Plasma will serve as a design partner, integrating with Stripe’s stablecoin card infrastructure to allow customers to use their account balances for payments via multi-currency cards. The expanded infrastructure will support the U.S. dollar, Brazilian real, euro, Mexican peso, and Colombian peso; stablecoins include USDC, OUSD, and eligible stablecoins compliant with the GENIUS Act. Stripe’s stablecoin card service currently covers more than 30 countries, with plans to expand to over 100 countries by 2027. For example, users holding euros will soon be able to spend directly in euros without first converting to U.S. dollars; businesses can issue cards denominated in currencies aligned with their specific spending needs. Stripe also plans to support cardholders in spending from multiple account balances, automatically selecting the appropriate currency at the time of purchase.

Following the release of U.S. September PPI and retail sales data, U.S. Treasury yields fell across the board, with long-dated yields posting the steepest declines. The 20-year U.S. Treasury yield traded at 5.434%, down 14.6 basis points (bps) on the day; the 30-year yield stood at 5.385%, down 14.1 bps; the 10-year yield was at 5.054%, down 13.6 bps; and the 5-year yield dropped 11.5 bps.

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.