FUN FACT: Exactly 15 years ago today, Bitcoin was worth $8

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JUST IN: Elon Musk clarifies he doesn’t have a "big pile of cash."

"I own stock in SpaceX and Tesla."

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🇺🇸 The US dollar has lost 97% of its purchasing power since the Federal Reserve was established.

An item that cost $3 in 1913 would cost roughly $100 today.

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Weekly Recap:

• Senator Bernie Sanders introduces a bill to permanently ban AI systems surpassing human intelligence.

• Bank of America VP Erin Piacenti dies in a stabbing attack in Times Square.

• Rich Dad Poor Dad author Robert Kiyosaki admits he owes $1.2 billion in debt.

• President Trump urges the Federal Reserve to cut interest rates immediately.

• SEC Chair Paul Atkins predicts the Crypto Clarity Act will pass this month.

• UK celebrity Katie Price files for divorce after discovering her husband’s crypto wallet holds just $3—despite claiming $50 million.

• The Netherlands repatriates $12.1 billion in gold from the US and Canada.

• Elon Musk announces PlayStation and Xbox consoles will soon integrate directly with Tesla vehicles.

• The US secures majority control over 65 billion barrels of Venezuelan oil reserves.

• John Ternus succeeds Tim Cook as Apple’s new CEO.

• The US Mint begins circulating the 2026 Trump $1 coin.

• The NSA withdraws its opposition to the Crypto Clarity Act.

• Trump claims the stock market should “rise like a rocket ship.”

• Canada loses 41,700 jobs amid escalating trade tensions with the US.

• Ripple finalizes a multi-year sponsorship deal with the University of Florida.

• UK Prime Minister Carney states trade talks will resume only when Americans “stop doing memes.”

• Russia’s new cryptocurrency law officially takes effect.

• The SEC plans a roundtable on enabling 24-hour stock trading.

• The G20 agrees to collaborate on developing global crypto and stablecoin regulations.

• Apple CEO John Ternus set to receive a $58 million compensation package in 2027.

• Treasury Secretary Bessent says America must grow its way out of debt.

• Michael Saylor’s investment firm Strategy acquires 4,603 Bitcoin for $369 million.

• Bessent predicts the Strait of Hormuz will become “worthless” within two years due to bypass routes.

• Coinbase CEO says traditional banks are resisting crypto due to competitive threats.

• OpenAI launches GPT-6 Astra, its most advanced model to date.

• The SEC proposes new rules to support blockchain-based securities transactions.

• Coinbase files to introduce perpetual stock trading in the US.

• Trump claims AI will generate millions of jobs and cure major diseases.

• Trump suggests renaming the Strait of Hormuz the “Trump Strait.”

• Tom Lee’s BitMine purchases 53,501 ETH for $131 million.

• President Trump threatens to halt trade with countries running surpluses against the US unless interest rates drop.

• The world’s largest sovereign wealth fund prepares to significantly reduce its US Treasury holdings.

• Fed Chair Warsh says a global investment surge is now underway.

• Nvidia acquires Hugging Face for $12.93 billion.

• Hyperliquid and Kraken’s parent company discuss entering the US market.

• Elon Musk reveals X achieved its highest monthly download count ever.

• Atkins calls the SEC’s crypto proposal “the most historic step we’ve taken.”

• Treasury Secretary Bessent says oil prices are set to decline.

• US unemployment rate remains steady at 4.1%.

• Standard Chartered launches institutional spot crypto trading in the UAE, backed by $400 billion in assets.

• Apple accuses OpenAI of destroying critical evidence in an ongoing legal dispute.

• Coinbase partners with Webull on a Canadian crypto infrastructure initiative.

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JUST IN: 4,000 Bitcoin, valued at $320 million, have been withdrawn following the Liquid Network hack.

The attacker is now communicating with network operators through on-chain Bitcoin transactions and intends to return the $BTC once the vulnerability is fixed.

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JUST IN: 🇯🇵 The Japanese yen surges to its strongest level since May.

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JUST IN: 🇵🇦 The Panama Canal Authority warns of possible further cuts to daily ship transits.

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JUST IN: 🇺🇸 U.S. consumers have spent an additional $100 billion on fuel since February 28th due to the ongoing conflict involving Iran.

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JUST IN: 🇺🇸 Hunter Biden is reportedly launching a cryptocurrency memecoin, named after his now-notorious laptop.

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JUST IN: Ethereum is planning to let users pay transaction fees with stablecoins instead of $ETH, starting in 2027.

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JUST IN: OpenAI's chief scientist warns that AI is advancing so quickly it's becoming increasingly difficult for humans to understand—and manage.

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JUST IN: 🇨🇳 China records $119 billion trade surplus in August.

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JUST IN: 🇨🇦🇺🇸 Canada’s retaliatory tariffs on select U.S. imports are now officially in force.

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JUST IN: Visa says crypto-powered stablecoin cards are now entering "hypergrowth" phase.

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JUST IN: Robinhood $HOOD to acquire a minority stake in Crypto․com

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JUST IN: 🇺🇸 Republicans expect the Crypto Clarity Act will not move forward in the Senate next week.

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JUST IN: A former researcher from OpenAI and Anthropic has exited amid rising fears that the rapid advancement of AI could lead to systems capable of ending humanity.

"People building AI truly believe it could destroy us before this decade is over."

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JUST IN: Brent crude oil surges past $100, hitting its highest level since July.

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JUST IN: Anthropic's Lead AI Alignment Researcher says he believes there’s more than a 10% chance "AI could lead to human extinction" within the next ten years.

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JUST IN: 🇺🇸 U.S. Bank has completed its first live cross-border payment using its proprietary stablecoin, $USBDC.

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