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More →Standard Chartered-led Anchorpoint says it’s not rushing retail stablecoin
The Standard Chartered and Animoca Brands joint venture previously targeted retail access as early as the end of 2026, but its CEO declined to reaffirm that timeline. Standard Chartered-backed stablecoin venture Anchorpoint says it will take a cautious approach to opening its Hong Kong dollar-backed stablecoin to retail users, declining to confirm a launch date after rival HSBC rolled out RedCoin, <a href="https://www.scmp.com/business/cryptocurrency/article/3372060/standard-chartered-led-anchorpoint-plans-retail-stablecoin-hsbc-redcoin-launches" rel="nofollow noopener" target="_blank">>according</a> to the South China Morning Post. The <a href="https://cointelegraph.com/news/standard-chartered-animoca-brands-hong-kong-stablecoin-license" target="_blank" rel="nofollow">venture</a> released its institutional stablecoin product in August and previously <a href="https://anchorpoint.hk/faqs/" rel="nofollow noopener" target="_blank">>indicated</a> a retail offering could arrive as early as the end of 2026. Anchorpoint CEO Dominic Maffei declined to confirm that timeline at a Friday press conference, saying the company would take a prudent approach. “We believe it’s important to build the market out in a long-term, sustainable manner,” Maffei said, adding that rushing a launch “does not make sense.” The update comes after <a href="https://cointelegraph.com/news/hsbc-launches-redcoin-hong-kong-dollar-stablecoin-payme" target="_blank" rel="nofollow">HSBC launched its Hong Kong dollar-backed RedCoin</a> on Friday for the 3.3 million users of its PayMe app. <a href="https://cointelegraph.com/news/standard-chartered-animoca-brands-hong-kong-stablecoin-license" target="_blank" rel="nofollow">Anchorpoint grew out of a partnership</a> between Standard Chartered, Animoca Brands and telecommunications provider HKT, which was announced in February 2025, following their joint participation in Hong Kong’s stablecoin issuer sandbox in July 2024. Animoca’s role is to bring its blockchain expertise and industry network to the venture and help develop uses for the stablecoin across the Web3 ecosystem. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/hashkey-begins-beta-distribution-of-hong-kong-regulated-hkdap-stablecoin" target="_blank" rel="nofollow"><em><strong>HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin</strong></em></a>
Why prediction markets got the Brazilian election wrong
According to Decrypt, prediction markets got the Brazilian presidential election wrong. Polymarket assessed Lula's chances of winning at only 20% on the eve of the election, but he ultimately won. Experts point out that this failure stemmed from Brazil's ban on prediction markets, which caused retail investors to dilute the market's professionalism. Lula defeated right-wing opponent Bolsonaro in Sunday's election; the latter led in the first round of voting in early October but failed to secure a majority, necessitating a second round. Lula's victory in the second round will begin his fourth presidential term. Although on election day Lula's odds were only 20% while Bolsonaro's were 80%, the market reacted slowly and failed to adjust the odds in time. Analysts believe that retail traders' opposition to Lula led to Bolsonaro's odds being overestimated. Brazil imposed a comprehensive ban on prediction market platforms in April, with the finance minister stating that these platforms violated gambling regulations and lacked proper oversight.
Bitcoin's market capitalization share stands at 59.45%.
CoinWorld data: Under CoinWorld's unified market methodology, Bitcoin's market capitalization accounts for 59.45% of the total cryptocurrency market capitalization.
Apple: Siri AI temporarily unavailable in the EU, working with the EU to find a solution
CoinWorld news: Apple has stated that Siri AI is currently unavailable in the EU region and is working with the EU to find a solution.
USDC issued 250 million coins, worth approximately 250 million US dollars.
CoinWorld data: According to Whale Alert monitoring, the USDC Treasury has just minted 250,000,000 USDC, worth approximately $250,064,375 at real-time prices.
Apple (AAPL.O): Siri AI service expands to more language users
According to Bijie.com, Apple has announced that its Siri AI service is expanding to more users worldwide and will support French, Japanese, Korean, Portuguese, and Spanish.
Strive launches a financing plan of up to $1 billion, possibly for purchasing Bitcoin.
Benzinga reports that Strive ($ASST) is launching a financing program aiming to raise up to $1 billion, with proceeds potentially used to purchase more Bitcoin ($BTC). Meanwhile, Strategy ($MSTR) did not buy Bitcoin last week, instead spending $204.9 million to repurchase preferred shares.
Anthropic will issue one share of Class F common stock.
According to Biji Network, Anthropic has announced that it will issue one share of Class F common stock to "Founder LLC," a limited liability company organized by its co-founders. This Class F common stock carries no economic rights but holds 50.1% of the voting power.
Fitch Ratings: U.S. inflation is clearly broadening, and interest rates may remain elevated.
Fitch Ratings believes that over the past year, the trend of inflation diffusion in the United States has been more pronounced than in other advanced economies, which has pushed up price pressures and proved to be a more persistent risk than current core inflation data suggest. According to the latest report released by Fitch Ratings, this could cause U.S. interest rates to remain elevated for a longer period. In September, the share of U.S. CPI components with year-over-year inflation exceeding 3% reached 46%, double the 2018-19 average level of 23%. The breadth of these increases indicates that U.S. price pressures have extended beyond energy and spread to a wider range of goods and services. The Federal Reserve raised its target interest rate range to 3.75%-4.00% in September, its first rate hike since July 2023. Continued price increases across a broad range of subcomponents could delay the process of inflation returning to target and increase the risk of further tightening.
Fitch Ratings: Broader price pressures in the US heighten the risk of inflation persistence.
CoinWorld news: Fitch Ratings noted that broader price pressures in the United States are increasing the risk of inflation persistence.