Trump: US Secures 'Majority Control' Over Venezuela's Over 65 Billion Barrels of Oil Reserves

SVM Layer 1 network Fogo announced that the Fogo Foundation was recently hacked by unknown attackers, resulting in approximately 400 million FOGO tokens being transferred to the attacker’s address. The foundation stated it immediately notified relevant trading platforms and is actively coordinating with law enforcement agencies and forensics experts. To date, the incident has not impacted the Fogo blockchain itself, and the network continues to operate normally. The foundation added that it will disclose additional information in a timely manner.

U.S. equities briefly regained risk appetite following Nvidia’s earnings report, but remarks from the Jackson Hole symposium quickly pushed interest rate pressures back to the forefront of market concerns. On Friday, the S&P 500 edged slightly lower, while the Nasdaq fell around 0.5%. Both indexes still notched weekly gains, reflecting that AI leader earnings continue to underpin the broader market, though high-valuation assets are growing more sensitive to policy signals. Bank of America’s Michael Hartnett team warns that the U.S. stock bull market, while continuing to “ignore” geopolitical conflicts and summer tech stock pullbacks, may face a reality check in the fall. The bank notes the market remains in a “summer consensus” where investors keep buying risk assets like stocks; once bond volatility, policy uncertainty and political risks converge, bullish positions will come under pressure. For trading, this means the market will shift from “Nvidia drives everything” to re-examining interest rates, fiscal policies and valuations. AI earnings remain the core variable underpinning U.S. stocks, but if long-term yields rise again, growth stock valuations will continue to compress. Bank of America therefore still recommends hedging policy and fiscal risks with gold and commodities, waiting for the market to reprice in the fall.

Beating AI Express: Two weeks after SpaceX completed its $60 billion acquisition of Cursor, OpenAI announced the end of its nearly four-year partnership with the aerospace firm. New models will no longer integrate with Cursor, while direct supply of existing models is set to cease on November 12, 2026. The contract between the two sides allows OpenAI to terminate the agreement following Cursor’s acquisition. This time, OpenAI’s criticism was almost directly targeted at Elon Musk. The company alleged that after Musk acquired Twitter, the platform breached its contract with OpenAI; this year, Musk also admitted in court that xAI had improperly used OpenAI’s models. OpenAI’s conclusion: SpaceX is untrustworthy, and new models should not be entrusted to Musk.

The U.S. Commodity Futures Trading Commission (CFTC) ordered former White House teleprompter operator Gabriel Perez on Friday to pay a $172,539 fine for illegal trading on a prediction market platform, leveraging advance access to Donald Trump’s speech content. Per the settlement reached with the CFTC, Perez is required to disgorge $107,539.02 in illegal profits and pay a $65,000 civil penalty. He also agreed to a three-year trading ban, and has promised to cease and desist from violating the Commodity Exchange Act and CFTC regulations. The CFTC stated that between December 2025 and February 2026, while employed at the White House, Perez traded Trump "mention market" contracts on the Kalshi platform. These are event-based contracts, with payouts determined by whether the president uses specific words or phrases in his speeches.

According to GMGN market data, today’s meme coin market continues to rotate across multi-chain hotspots, with assets on Robinhood Chain, Solana, and BSC hitting new all-time highs. Unlike recent days when a single leading coin drove market sentiment, today’s capital is more focused on switching between high-recognition narratives and high-volume assets, with short-term meme trading remaining highly active. On Robinhood Chain, Artificial Inu (AI) continues its rally, once hitting an all-time high with a peak market cap of around $123 million. The meme coin is currently trading at ~$0.0946, boasting a market cap of ~$93.9 million, up ~24.3% in 24 hours, and a 24-hour trading volume of ~$26.2 million. Separately, Robinhood Chain’s PONS also hit a new all-time high, with a peak market cap of ~$158 million. It is now trading at ~$0.147, with a market cap of ~$148 million, up ~29.4% in 24 hours, and a 24-hour trading volume of ~$15.3 million. On the Solana network, fone maintains high trading activity, once hitting an all-time high with a peak market cap of ~$38.7 million. The meme coin is currently at ~$0.0293, with a market cap of ~$29 million, up ~7.6% in 24 hours, and a 24-hour trading volume of ~$51.9 million. Meanwhile, Solana’s neet also broke its all-time high, with a peak market cap of ~$42 million. It is now trading at ~$0.0413, with a market cap of ~$41.3 million, and a 24-hour trading volume of ~$1.2 million. Neet stands for Not in Employment, Education, or Training, with its narrative centered on the "NEET" internet culture. On the BSC network, Lobster also hit a new all-time high, with a peak market cap of ~$65 million. The meme coin is currently trading at ~$0.0637, with a market cap of ~$63.7 million, up ~87.3% in 24 hours, and a 24-hour trading volume of ~$8.1 million.

U.S. President Donald Trump signed an executive order launching the process to establish the "United States Space Academy", stating that the academy will serve the U.S. Space Force, NASA, and the civilian space industry simultaneously. Modeled after military academies such as West Point and the U.S. Naval Academy, it aims to "attract, train, and graduate America's top talents". Trump noted that the academy's location will be announced at a later date, and hinted that Texas Senator Ted Cruz has lobbied to have it based in Texas. He also emphasized his space strategy, including creating the Space Force during his first term and a planned Mars mission in 2028 that will deploy a nuclear-powered interstellar spacecraft. (Jinshi)