Latitude, a stablecoin payment infrastructure company, has completed a $35 million Series A funding round

Federal Reserve Vice Chair for Supervision Bowman stated that inflationary pressures persist while the labor market is stabilizing. She projects that core PCE will rise to 3.3% year-over-year in October, driven primarily by rising energy prices and AI-related demand. Bowman predicts that core PCE will likely move closer to 2% next year as the pressure from the AI construction boom and Middle East conflicts subsides. Recent stock market declines, rising US Treasury yields, and a stronger dollar have already tightened financial conditions. Bowman emphasized that the benefits of tightening monetary policy must be weighed against the costs to interest-rate-sensitive industries. The sustainability of AI demand and evolving geopolitical risks will be key factors determining the direction of monetary policy in the coming months, and the Fed needs to push inflation back to its 2% target.

Cubist Systematic Strategies, the quantitative trading arm of Point72 Asset Management, filed a lawsuit against former research analyst Xin Jin in state court in Stamford, Connecticut, on Monday. Cubist Systematic Strategies accused Xin Jin of stealing proprietary source code using Anthropic PBC's Claude and OpenAI's Codex in an attempt to join a competitor. The company's investigation concluded that Xin Jin attempted to steal confidential, proprietary, and competitively sensitive information, and he was dismissed in September.

AiCoin data shows that the cryptocurrencies with the most significant price fluctuations currently include: Unusual upward movement: MUU: 24-hour increase of 4.56%, trading volume decreased by 19.71%. RKLB: 24-hour increase of 4.11%, trading volume increased by 8.4%. • LIT: 24-hour increase of 3.78%, trading volume increased by 8.6% Abnormal downward movement: INIT: 24-hour decline of 24%, trading volume increase of 700.61% • PIEVERSE: 24-hour decline of 8.95%, with trading volume down 19.13%. • CYBER: 24-hour decline of 8.27%, trading volume increase of 451.86% Among them, INIT and CYBER saw the most significant increases in trading volume, indicating a marked amplification of short-term trading activity. Cryptocurrencies exhibiting unusual price movements may experience significant volatility; please be aware of position and leverage risks. Data is for reference only and does not constitute investment advice.

[US Inflation Exceeds Expectations, 2-Year Treasury Yield Surges 19 Basis Points] US inflation data exceeded expectations, fueling expectations of a 50-basis-point rate hike by the Federal Reserve in December. Logan advocated for at least another 50-basis-point hike, while Bowman and Schmid released hawkish signals. (Source: Jinshi Data) The 2-year Treasury yield surged 19 basis points in a single day, accelerating the market's repricing of the tightening path. AI Interpretation: The unexpected rebound in inflation data completely shattered market illusions about a near-term rate cut. The collective hawkish signals from Federal Reserve officials clarified the necessity of maintaining a tight monetary policy. The sharp fluctuations in the 2-year Treasury yield reflect the market's deep panic about persistently high interest rates. This data directly boosted expectations of a rate hike, forcing investors to reassess asset pricing logic.

Bitcoin mining company HIVE expects to generate $45 million in annual revenue through AI business partnerships.