⚡️DAILY RECAP⚡️ • 🇺🇸 California Governor Gavin Newsom signed a law banning public officials from launching memecoins. • 🇺🇸 Foreign investors poured a record $426 billion into U.S. stocks and investment funds in Q2 2026. • 🇸🇦 Saudi Arabia’s oil exports hit their highest level since the Iran war began, reaching 6 million barrels per day. • OpenAI & Anthropic are investigating tens of thousands of AI security incidents, far more than publicly known, per Axios. • Michael Saylor hinted at Strategy $MSTR buying more Bitcoin.

🚨 KEY EVENTS TO WATCH NEXT WEEK: Monday: • Markets reopen with uncertainty over the Iran conflict, oil supply disruptions and peace negotiations. Tuesday: • 🇺🇸 JOLTS job openings Wednesday: • 🇺🇸 PCE inflation • 🇺🇸 Final Q2 US GDP Thursday: • 🇯🇵 BOJ releases details from its latest rate-hike meeting • 🇺🇸 ISM Manufacturing PMI Friday: • 🇺🇸 September jobs report • 🇪🇺 Eurozone inflation I will cover the developments that actually matter and break down what they mean for markets.

THIS IS INSANE If FTX never liquidated its investments following the collapse, its portfolio would now be worth $206 billion, a 77x return. • Solana: $7.0 billion (35x) • SpaceX: $15.1 billion (75x) • Cursor: $3 billion (15,000x) • Robinhood: $6.7 billion (11x) • Anthropic: $170.5 billion (340x) • Genesis Digital: $3.5 billion (3x) They somehow picked almost every winner.

JUST IN: 🇺🇸 California Governor Gavin Newsom signed a law banning public officials from launching memecoins. • Takes effect January 1, 2027. • Officials prohibited to promote or profit from memecoins. • Crypto platforms can't list new politician-linked tokens to California residents.

JUST IN: 🇺🇸 Foreign investors poured a record $426 billion into U.S. stocks and investment funds in Q2 2026. • Up 62% from a year earlier. • Previous quarterly record was $299 billion in 2022.

JUST IN: 🇸🇦 Saudi Arabia’s oil exports hit their highest level since the Iran war began, reaching 6 million barrels per day. • Exports up nearly 80% from August. • Increased shipments through a U.S.-protected route in the Strait of Hormuz after its East-West pipeline was attacked. • More than 60 million barrels sold for ship-to-ship transfers off Oman this month and next.

JUST IN: Michael Saylor hints at Strategy $MSTR buying more Bitcoin. "Even more orange."

JUST IN: OpenAI & Anthropic are investigating tens of thousands of AI security incidents, far more than publicly known, per Axios. • CEOs Sam Altman and Dario Amodei have been called before an Australian Senate AI investigation. • This comes days after a rogue OpenAI agent breached Australia’s Medicare database.

⚡️DAILY RECAP⚡️ • 🇺🇸🇮🇷 President Trump rejected Iran’s ceasefire proposal and expects U.S. military strikes to resume after the midterm elections, per WSJ. • 🇺🇸🇨🇳 U.S. & China reached a preliminary tariff agreement covering $30 billion of goods in each direction and established an AI emergency communication channel. • Advanced AI models controlling robot arms attempted dangerous tasks including stabbing a baby doll, mixing toxic chemicals and putting a screwdriver in a toaster. • 🇺🇸 OpenAI agents reportedly went rogue and accessed multiple U.S. government websites without the company realizing for months. • 🇷🇺 Russia to issue its first crypto exchange licenses as early as October 6, just one day after applications open. • 🇺🇸 A massive divergence is forming in the U.S. stock market, with nearly half of S&P 500 stocks moving against the overall index.

JUST IN: 🇷🇺 Russia to issue its first crypto exchange licenses as early as October 6. • Existing banks and brokers can use a simplified approval process. • Applications open October 5, meaning eligible firms could receive approval just one day later. • New crypto firms will face a longer approval process, potentially up to 30 working days.

JUST IN: 🇺🇸🇨🇳 U.S. & China agree to establish an AI emergency communication channel. • Both countries will alert each other about major AI incidents. • Regular talks on AI risks and benefits. • Next round of talks is expected by November.

JUST IN: 🇺🇸🇨🇳 U.S. and China reach preliminary agreement on tariff reductions. • Covers $30 billion of goods in each direction, including agriculture, seafood, medical devices and consumer goods. • Further details from the trade talks will be released Monday.

THIS IS ABSOLUTELY SHOCKING. Researchers tested advanced AI models controlling robot arms across 300 trials involving dangerous real-world tasks. Tasks included stabbing a baby doll, mixing bleach with ammonia and putting a screwdriver in a toaster. And here’s where it gets insane: • OpenAI’s GPT-6 Astra attempted to stab the baby doll in 19 out of 20 trials, succeeding 17 times. • Anthropic’s Fable 5.1 refused to stab the doll but still attempted other dangerous tasks 80% of the time. • Ai2’s MolmoAct2 never refused a single dangerous instruction, but only attempted ~70% of them. This reveals something scary: these AI models prioritized commands over safety almost every single time. Imagine a world full of robots like this. It sounds like an absolute dystopia.

BREAKING: 🇺🇸 OpenAI agents reportedly went rogue and accessed multiple U.S. government websites without the company realizing for months, per NYT. • Accessed Commerce Department Census data using credentials found online. • Interacted with SEC websites and reposted public SEC data elsewhere. • Attempted to hack a Department of Education website, but failed.

🚨 A MASSIVE DIVERGENCE IS FORMING IN THE US STOCK MARKET. 🇺🇸 The S&P 500 is nearing all-time highs, but almost half of its stocks are moving in the opposite direction from the overall index. • Divergence resembles the Dot-com Bubble, with the short-term measure now at ~2x its peak in 2000. • Top 10 stocks now make up ~40% of the entire S&P 500. • AI giants are pushing the index higher while many other stocks fall behind. • High bond yields, $100+ oil and expensive borrowing are pressuring the rest of the market. This means the S&P 500 is becoming increasingly dependent on just a few massive companies, and especially the AI narrative. If the AI boom breaks, the same stocks holding up the market could drag the entire S&P 500 down with them.

BREAKING: 🇺🇸🇮🇷 President Trump rejects Iran’s ceasefire proposal and expects U.S. military strikes to resume after the midterm elections, per WSJ. • Iran offered a seven-day ceasefire as part of a proposal to reopen the Strait of Hormuz. • U.S. is unwilling to lift its blockade on Iranian ports, a key Iranian condition for reopening the Strait. • Trump is reportedly skeptical Iran will meet his demands.

⚡️DAILY RECAP⚡️ • Bitget confirms it was hacked for $387.5 million. The vulnerability has been identified & fixed, and North Korea’s Lazarus Group is suspected of carrying out the attack. • 🇺🇸🇨🇳 U.S. Trade Representative Jamieson Greer says details from the latest US-China trade talks will be released Monday. • 🇺🇸 SEC issued new guidance clarifying how securities laws apply to crypto. • 🇷🇺 Russia’s Central Bank will start registering crypto exchanges and custodians from October 5. • Jack Dorsey’s Block integrated Bitcoin Lightning into x402, enabling AI agents to make automatic $BTC payments. • Michael Saylor’s Strategy proposed daily dividends for $STRF, $STRC, $STRK and $STRD. • 🇺🇸🇯🇵 USD/JPY dropped below 157 as concerns over further yen intervention increased. • OpenAI says its rogue AI agents leaked 53 images from ChatGPT users online. • Bill Gates warned AI is powerful enough to cause “a billion deaths.”

BREAKING: OpenAI says its rogue AI agents leaked 53 images from ChatGPT users online. • The agents accessed the images through data used to train OpenAI’s models. • OpenAI declined to say whether the images were AI-generated or showed real people. • Most of the leaked images have now been taken down. • More than 15 rogue-agent incidents have been disclosed since July, with OpenAI saying its full review could take months.

JUST IN: Bill Gates warns AI is powerful enough to cause “a billion deaths.” He says people with bad intentions using the latest AI tools could be more dangerous than any weapon ever created.

JUST IN: 🇺🇸 SEC issues new guidance clarifying how securities laws apply to crypto. • Crypto projects can promote a token’s real-world use without triggering securities laws. • Maintaining and upgrading an already-functional network isn’t treated like managing an investment. • Token buybacks don’t make a crypto asset a security. • Liquid staking tokens may qualify as commodities instead of securities. Securities face stricter regulation, so more tokens falling outside securities laws means fewer restrictions and more room for crypto projects to innovate.