🐶📰Weekend Update

BTC $67,123 (-3.1%) | ETH $1,906 (-2.7%) | SOL $76 (-6.1%)

Welcome to the Daily Bone Weekend Update where we recap the top stories from the week. Be sure to check out our daily newsletter to get all of your news hot off the press each and every weekday!

Headlines

• Nvidia CEO Jensen Huang admitted to an affair with a suspected Chinese spy as shares fell 14% on the week — Huang resigned as CEO after 33 years, and Colette Kress was named interim CEO

• Anthropic launched Claude Fable 5.2 and Mythos 5.2

• Binance warned of an iOS flaw that let malicious apps read seed phrases and private keys

• Tesla moved to refund Cybertruck deposits

TradFi

• Gold and silver lost over $1.1 trillion of market cap on Thursday

• US October CPI rose 0.4% month over month, above the 0.3% forecast

• Fed Governor Christopher Waller said a December rate hike was likely and that he was open to a half-point move

• The US and Iran considered an $8B deal to reopen the Strait of Hormuz — Oil rose over 1% after Trump said the US didn't need a deal with Iran

• Central banks bought 321 tons of gold in Q3, the most since Q4 2024

Crypto

• The DOJ seized $1.2B in North Korea-linked crypto and dismantled the 'FaceStealer' deepfake scheme

• Trezor cut its reseller network by 80% after finding seed-stealing implants in Safe 5 wallets

• The crypto industry told a court Illinois' crypto transaction tax was unenforceable as written

• The US Treasury cut MEXC Global off from the US financial system over sanctions evasion

• Goldman, Citi, Santander and Deutsche Bank committed about $270M to a joint stablecoin venture

• MSCI was removed MSTR from its indexes, with potential passive outflows of $8.8B

AI

• Anthropic lowered its proposed IPO size to up to $64.4B in the latest draft — IPO said to be multiple times oversubscribed

• ByteDance rolled out its Seedream 5.5 image model

• SpaceX planned a $24B AI supercomputer and gas-fired power plant in Starbase, Texas

• Google rolled out Gemini 4 Carbon on Cloud Platform with a 1M token limit

• OpenAI told investors Q3 revenue jumped 50% to around $10B