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Regulatory Hurdles Halt Stablecoin Plans; iPhone Sales Surge

10/21/2025

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Summary

Story summary

Ant Group and JD.com paused Hong Kong stablecoin plans due to regulatory concerns, as authorities warn private stablecoins could undermine the People's Bank of China's digital currency initiative.
Apple Inc.'s iPhone 17 series posted a 14% sales increase in the first 10 days, led by the $799 base model, with China accounting for 20% of total sales.
Andrej Karpathy, OpenAI cofounder, said AI agents currently lack sufficient intelligence and functionality.

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Story summary

Ant Group and JD.com paused Hong Kong stablecoin plans due to regulatory concerns, as authorities warn private stablecoins could undermine the People's Bank of China's digital currency initiative.
Apple Inc.'s iPhone 17 series posted a 14% sales increase in the first 10 days, led by the $799 base model, with China accounting for 20% of total sales.
Andrej Karpathy, OpenAI cofounder, said AI agents currently lack sufficient intelligence and functionality.