Binance Research: US CPI rises to 3.7% in September, Bitcoin mining companies accelerate differentiation On October 19th, according to Binance Research's weekly report, the US CPI rose to 3.7% in September, with energy contributing more than one-third and PPI rising to 6.3% year-on-year. According to the EIA oil price path calculation, the overall CPI may peak at about 3.9% in October and fall back to about 2.6% in March 2027. In terms of AI, Anthropic's revenue in the third quarter increased by 45% month on month, significantly lower than the previous growth rate of over doubling; Its Binance Pre IPO contract fell 8.8% in two trading days, while the yield on CoreWeave's 2032 maturing bond rose to about 16%. Binance Research believes that the cooling demand for AI and the rising financing costs are simultaneously affecting AI infrastructure transactions. In addition, the correlation between Bitcoin mining companies and semiconductor stocks that have turned to AI data centers has risen to 0.59 to 0.77, while the correlation with BTC is only 0.29 to 0.33; From October 12th to 18th, Binance's net inflow of US stock products rose to a record high of $426 million.