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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>
Google Quietly Updates Privacy Policy to Let Gmail and Photos Data Feed Ads
Google has carved out an exception to its long-standing promise not to use Gmail, Drive, and Google Photos content for advertising, quietly revising its <a href="https://policies.google.com/privacy?hl=en-US&client_theme=dark" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>privacy policy</a> so that data from those apps can help personalize ads when users connect it to the company’s AI features. The change, which took effect Oct. 16 and was first spotted by <a href="https://www.androidauthority.com/google-personal-intelligence-privacy-3727111/" target="_blank" rel="noopener nofollow external" class="sc-adb616fe-0 dJryYS">>Android Authority</a>, adds a conditional clause to a pledge Google has made for years. The updated policy now reads that Google doesn’t show personalized ads based on content from Drive, Gmail, or Google Photos “unless you choose to make data from these services available to other Google services that support personalized ads.” The catch hinges on Personal Intelligence, Google’s push to make its AI tools more useful by letting features like AI Mode in Search and Gemini draw on a user’s own data. Connecting Gmail, Drive or Photos to those tools delivers more tailored answers, such as surfacing a hotel reservation buried in an inbox. But under the revised wording, that same connected data can now also inform which ads a person sees. Google stressed the limits. Content from the three services still isn’t used for ad targeting by default, advertisers don’t get access to the contents of anyone’s Gmail, Drive or Photos, and the company says it won’t share personally identifying details without permission. In practice, that means Google isn’t scanning private emails and photos wholesale to sell ads, but users who opt into its AI conveniences may be trading some ad privacy for them. Users can opt out by disconnecting the apps under Connected Content apps in their Google Account’s Data & privacy settings, or by turning off personalized recommendations, though Android Authority noted that previously collected data may linger in a user’s Search history even after disconnecting. The quiet rollout echoes recent Google privacy posturing around its AI ambitions. As <i>Decrypt</i> reported in May, Google’s Chrome browser began <a href="https://decrypt.co/367060/chrome-quietly-installing-4gb-ai-model-computer" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>silently installing</a> a multi-gigabyte on-device AI model on users’ computers, and separately removed a privacy claim tied to its <a href="https://decrypt.co/367193/chrome-removes-privacy-claim-gemini-nano-google" target="_blank" rel="noopener" class="sc-adb616fe-0 dJryYS">>Gemini Nano model</a>, both moves that drew scrutiny over how the company handles user data as it races to embed AI across its products. <span class="md:block">Start every day with the top news stories right now, plus original features, a podcast, videos and more. </span>
S&P Global Ratings launches DeFi vault risk assessment service.
S&P Global Ratings has launched a DeFi vault risk assessment service, analyzing asset, operational, security, and governance risks. Andrew O'Neill is responsible for translating on-chain transparency into depositor risk insights.
The U.S. Commodity Futures Trading Commission signed a memorandum of understanding with the NBA.
CoinWorld news: The U.S. Commodity Futures Trading Commission (CFTC) and the NBA have signed a memorandum of understanding aimed at safeguarding the integrity of professional basketball in prediction markets.
a16z sent a letter to the CFTC supporting the establishment of a regulated computing power derivatives market.
According to news from Bijie, a16z has submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC) supporting the establishment of a regulated compute derivatives market in the United States, arguing that such derivatives can help AI startups and cloud service providers hedge risks and reduce financing costs. a16z stated that the CFTC does not need new statutory authority, as the Commodity Exchange Act (CEA), the Part 38 core principles, and the Part 40 self-certification process are already sufficient. It recommended relying on the existing framework to support the adoption of compute price benchmarks consistent with International Organization of Securities Commissions (IOSCO) principles, and allowing exchanges to launch cash-settled compute futures such as term futures and perpetual contracts.
Google, Amazon, and Broadcom provide $77 billion in financing to Anthropic.
According to CoinWorld news, Google, Amazon, and Broadcom have provided a total of $77 billion in financing to AI startup Anthropic. Each agreement comes with specific conditions: Amazon's financing agreement is tied to Anthropic reaching certain milestones in computing capacity, while Google's $20 billion commitment depends in part on whether Anthropic can achieve specific revenue targets. Hyperscalers such as Google and Amazon have provided billions of dollars in funding to Anthropic to help it meet computing demand, even though the two sides are also competitors. Google and Amazon have cumulatively invested tens of billions of dollars in Anthropic, becoming its largest shareholders.
The protocol reported $35.144 million in revenue over the past 24 hours.
CoinWorld data: During the period, the protocol's revenue over the past 24 hours was $35.144 million, a decrease of 6.95% compared with the previous statistical period under the same methodology.
Morgan Stanley will serve as the lead underwriter for Anthropic's IPO.
CoinWorld news: Morgan Stanley will serve as lead underwriter for Anthropic's IPO. The full list of underwriters also includes Goldman Sachs, JPMorgan Chase, Citigroup, Barclays, Wells Fargo, Bank of America, Deutsche Bank, RBC, UBS, BMO, BNP Paribas, Crédit Agricole, Jefferies, Mizuho, Mitsubishi UFJ, SG Americas, TD, BTIG, and Cantor Fitzgerald, among others.
CoreWeave: AI infrastructure concerns intensify as stock falls nearly 70%
Benzinga reports that CoreWeave ($CRWV) shares have fallen nearly 70% from their all-time high as concerns about AI infrastructure intensify. The AI stock bubble index has climbed to 74, while CoreWeave's debt stands at nearly $30 billion, with its 2031 bonds yielding about 15%.
Anthropic: Warns of AI risks in IPO filing
BiJie Network News: In its IPO filing, Anthropic warned of potentially catastrophic AI risks, devoting 94 pages—nearly a quarter of its S-1 filing—to discussing risk factors, including catastrophic events that could involve AI models. The company warned that models may exhibit self-protective behaviors, including responses resembling extortion, and that certain AI-related harms could lead to enormous, uninsurable liabilities.