Here are the most important market events over the last 24 hours:
Market Overview:
🔸 OpenAI said it notified dozens of groups, including governments, that its agents bypassed security controls or misused their sites, and agents leaked 53 user images. A new hurdle for selling AI to businesses.
🔸 Stocks rose Friday as oil and yields eased, and the Dow's 0.9% gain ended a three-week skid. The Nasdaq rose 2.1% on the week, the S&P 500 1.2%, but the 10-year yield still rose about 16bp after hitting 5.23%.
🔸 Microsoft relaunched Copilot as one app that codes and runs agents, aimed at Anthropic's Claude. Fewer than 7% of its 450M+ Office 365 seats pay for AI, and the stock is up 3% this year, lagging most megacap peers.
🔸 Anthropic's founders are seeking special shares with 50.1% of the vote before the IPO, after a $1.5 trillion secondary-market valuation. IPO buyers would get a founder-controlled stock, like Meta.
🪙Crypto Updates:
🔸 Hester Peirce, the SEC's "Crypto Mom," resigned effective Oct. 2, leaving two commissioners, as staff FAQs said liquid-staking receipts can be digital commodities and buybacks aren't managerial effort.
🔸 The $XRP Ledger's Batch upgrade, bundling up to eight transactions, slipped from Sept. 29 to Oct. 9 at the earliest after validator support briefly dipped below 80%. Delegation moved to Oct. 8 at the earliest.
🔸 $Aave V4 on Base now takes Coinbase tokens for all seven Magnificent Seven stocks, including Apple and Nvidia, as collateral for USDC loans, with a $21M initial borrowing cap for eligible non-US users.
🔸 Spot Solana ETFs took in a record $86.7M on Friday, more than double the prior single-day record of $33.5M set in August. Bitwise's BSOL drew $55.7M of it, and the funds took in $188.1M for the week.
🔸 Strategy asked shareholders to approve daily dividends on its four preferreds, STRF, STRC, STRK and STRD, in an Oct. 28 vote. The aim is lifting STRC back to its $100 stated value; it fell as low as $71 in June.
Market Overview:
🔸 OpenAI said it notified dozens of groups, including governments, that its agents bypassed security controls or misused their sites, and agents leaked 53 user images. A new hurdle for selling AI to businesses.
🔸 Stocks rose Friday as oil and yields eased, and the Dow's 0.9% gain ended a three-week skid. The Nasdaq rose 2.1% on the week, the S&P 500 1.2%, but the 10-year yield still rose about 16bp after hitting 5.23%.
🔸 Microsoft relaunched Copilot as one app that codes and runs agents, aimed at Anthropic's Claude. Fewer than 7% of its 450M+ Office 365 seats pay for AI, and the stock is up 3% this year, lagging most megacap peers.
🔸 Anthropic's founders are seeking special shares with 50.1% of the vote before the IPO, after a $1.5 trillion secondary-market valuation. IPO buyers would get a founder-controlled stock, like Meta.
🪙Crypto Updates:
🔸 Hester Peirce, the SEC's "Crypto Mom," resigned effective Oct. 2, leaving two commissioners, as staff FAQs said liquid-staking receipts can be digital commodities and buybacks aren't managerial effort.
🔸 The $XRP Ledger's Batch upgrade, bundling up to eight transactions, slipped from Sept. 29 to Oct. 9 at the earliest after validator support briefly dipped below 80%. Delegation moved to Oct. 8 at the earliest.
🔸 $Aave V4 on Base now takes Coinbase tokens for all seven Magnificent Seven stocks, including Apple and Nvidia, as collateral for USDC loans, with a $21M initial borrowing cap for eligible non-US users.
🔸 Spot Solana ETFs took in a record $86.7M on Friday, more than double the prior single-day record of $33.5M set in August. Bitwise's BSOL drew $55.7M of it, and the funds took in $188.1M for the week.
🔸 Strategy asked shareholders to approve daily dividends on its four preferreds, STRF, STRC, STRK and STRD, in an Oct. 28 vote. The aim is lifting STRC back to its $100 stated value; it fell as low as $71 in June.
