The U.S. core PCE price index rose 3% year-over-year in August, below expectations.

Well-known trader Bonk Guy posted a statement noting that the latest PCE data has not been fully priced in by the market, with its related impacts yet to be fully digested. Given the historical strength of the fourth quarter and the current period ahead of the U.S. midterm elections, he expects the market rally could soon gain significant momentum, adding that he remains bullish on USELESS. Earlier reports indicated that the U.S. August core PCE price index rose 3% year-on-year, below the 3.3% consensus forecast and marking a six-month low. The prior reading was revised from 3.30% to 3%.

According to GMGN market data, the Solana-based meme coin Super Inu (SI) briefly hit a market cap of over $68 million, marking an all-time high. It is now trading at $65.78 million, with a 24-hour increase of 176%. In related news, late last night and early this morning, US President Trump said he will sign an artificial intelligence (AI)-related document with executives from multiple tech companies in Washington on Tuesday, calling the document "ethically binding". Trump also stated that he has officially renamed "artificial intelligence (AI)" to "Super Intelligence (SI)". BlockBeats reminds users that relevant token prices are highly volatile, so investors should exercise caution.

Robinhood’s on-chain decentralized exchange (DEX) Fables announced that its Token Generation Event (TGE) will take place on October 20, with the ve(3,3) mechanism launching simultaneously. The points campaign will continue at a rate of 250 million points per week for two weeks, ending on October 19. A full claim guide will be released on October 12, covering point conversion ratios, lockup options, and the PROLOGUE redemption process. Point participants must choose between claiming liquid FABLES or locking their tokens into veFABLES for a custom lockup period between October 12 and 19; longer lockups will yield higher allocation ratios. Wallets that fail to complete the selection by October 19 will forfeit their eligibility. Final allocations will be calculated after the points campaign concludes, with the claim window opening at TGE and lasting one month. The PROLOGUE snapshot will be taken between October 17 and 18, with 25 million FABLES reserved for PROLOGUE holders: every 40 eligible PROLOGUE tokens will entitle holders to at least 1 liquid FABLE. At TGE, the total liquid FABLES allocated to PROLOGUE reserves, point claims, and initial liquidity pools will not exceed 75 million tokens. Team allocations total 80 million FABLES: 40 million permanently locked as veFABLES, and the remaining 40 million with a 6-month lockup vesting over two years, with no team tokens entering circulation at TGE. To date, Fables has launched 52 markets on Robinhood Chain, holding approximately $45 million in deposits, with cumulative trading volume exceeding $2 billion and generating over $3.9 million in fees.

Per Lookonchain monitoring, prominent trader Bonk Guy has earned over $1 million in profits from SI. He invested $168,000 to acquire 19 million SI tokens, which are now valued at $1.2 million, delivering an approximate 6x return on investment.

Bonk Guy (@theunipcs) has now made over $1M on $SI! He invested $168K to buy 19M $SI, now worth $1.2M — a 6x return.

The final annualized quarterly rate of the U.S. core Personal Consumption Expenditures (PCE) price index for the second quarter came in at 3.3%, versus the market expectation of 3.6% and the prior reading of 3.60%.