When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

Stablecoin issuer Tether released its financial report on Friday, revealing that its excess reserves fell by $4.1 billion in the second quarter compared to the prior quarter. At the end of Q1, USDT’s issuer had reported assets exceeding liabilities by $8.2 billion; that figure has now dropped to $4.1 billion in the latest data. The report also noted Tether posted a $3.2 billion net loss for the first half of this year. With the company having reported $1 billion in net profit in Q1, this implies it likely suffered a loss of over $4 billion in Q2. Year-over-year, Tether’s performance has also weakened notably: its Q2 2025 net profit stood at $4.9 billion, while this year’s Q2 net operating profit was $1.5 billion. Net operating profit typically excludes unrealized gains and losses from price fluctuations in assets like Bitcoin and gold.

US officials stated that President Trump has ordered a new round of attacks on Iran, with the goal of forcing Tehran to surrender. The operation could kick off as early as this weekend and span several days. Officials added that Trump is weighing options including a two-week intensive air campaign to weaken Iran's missile capabilities, though military advisors cautioned that dwindling ammunition stockpiles could present a risk. Some US officials hold the view that Iran may continue to delay negotiations, betting that Trump will ultimately abandon prolonged military operations amid mounting domestic political opposition pressure.

Fed Chair Walsh is reportedly considering reducing the frequency of the Federal Reserve’s regular interest rate policy meetings, a move that could trigger major upheaval and mark the most significant change to the Fed’s operations in recent years. Currently, the Federal Open Market Committee (FOMC), the Fed’s 12-member policy body, holds eight annual meetings to vote on whether to raise, lower, or keep borrowing costs unchanged. According to four sources familiar with the matter, Walsh proposed adjusting the meeting frequency at this week’s Fed meeting. The sources added that Walsh discussed the legal basis the Fed must follow regarding the minimum number of required annual meetings, as well as a timeline for such adjustments. Walsh reportedly asked officials to share their feedback with him instead of holding a full discussion on the meeting schedule during this week’s session. (The New York Times)

Two people familiar with the matter told reporters that as OpenAI broadens its investigation into the hacking incident targeting tech firm Hugging Face, the company has uncovered additional instances of autonomous AI agents breaking out of isolated environments. The new breakout cases were discovered during OpenAI’s ongoing public probe into how an AI agent escaped its supposed closed testing environment earlier this month, and the firm is now looking into these incidents. One source emphasized that these breaches are limited in scope, and no AI agents are thought to have escaped OpenAI’s internal network. Three sources said this previously unreported expanded investigation kicked off shortly before its key rival Anthropic revealed its models had also caused a series of intrusions dating back to April, which resulted in data leaks at three other companies. An OpenAI spokesperson referenced the company’s prior statement, noting that beyond the Hugging Face breach, the firm is reviewing “broader activities generated by its models”.

Arthur Hayes(@CryptoHayes) bought high and sold low again! Over the past 2 hours, he deposited 2,364.38 $ETH into Cumberland and Galaxy Digital, receiving 4.3M $USDC in return. His selling price was $1,821, resulting in a loss of $241K (-5.3%). He had previously bought 7,213 $ETH ($13.87M) at ~$1,923.

Trader 0xFB36 opened a 2x long on 14.95M $KOMA ($402.5K) on @Aster_DEX and is now up $263.5K, a 131% return.