U.S. nonfarm payrolls fell by 23,000 in July, versus expectations for an 80,000 increase. The S&P 500 closed up 0.62% Friday at 7,757.64, while the Nasdaq rose 1.19% to 29,722.3. U.S. Bitcoin spot ETFs recorded about $1 billion in net inflows last week. BTC touched an August high of $65,300 and was last at $65,016; ETH was at $1,916.28, and the market sentiment index stood at 30.
1. Berkshire Q2 profit grows as Abel starts cash deployment
Berkshire Hathaway reported Q2 profit growth, and CEO Greg Abel began using company cash reserves for investments. The S&P 500 rose 0.62% Friday to 7,757.64, while the Nasdaq gained 1.19% to 29,722.3; both indexes remained within 1% of record highs. Michael Burry said the market was close to a major top and mentioned the risk of a 1987-style sharp drop.
Assets to watch: SPX500 NAS100
2. OpenAI consumer AI device nears launch as AI safety disclosures increase
OpenAI is set to release its first consumer AI device, a ring-shaped speaker priced above $300. Meta disclosed jailbreak results involving its AI model and a third-party company; Hugging Face previously disclosed an AI-driven hacker intrusion.
Assets to watch: OPENAI META
3. WTI rebounds to $78.93, Brent at $84.57, gold edges lower
WTI crude traded at $78.93 and Brent at $84.57, up 0.96% and 1.22% on the day. Gold traded at $4,383.2, down 0.38%, while silver was at $63.44. The DXY dollar index stood at 99.66.
Assets to watch: CL BZ XAU XAG
4. Bitcoin spot ETFs post about $1B weekly net inflow as BTC reaches $65,300
U.S. Bitcoin spot ETFs recorded about $1 billion in combined net inflows last week, the strongest weekly total since April, with BlackRock IBIT contributing the largest share. BTC touched an August high of $65,300 and was last at $65,016. The market sentiment index stood at 30, within the fear range.
Assets to watch: BTC
5. MetaMask launches self-custody AI wallet
MetaMask released a self-custody AI wallet that allows AI agents to execute on-chain transactions, manage DeFi positions, and conduct token swaps. The product covers AI agents, on-chain transactions, DeFi position management, and token swaps.
Assets to watch: ETH
6. T. Rowe Price includes meme coins as Ark adds Circle exposure
T. Rowe Price included meme coins in its crypto ETF portfolio. Ark Invest, led by Cathie Wood, listed SpaceX and Circle among its top holdings in the latest buying cycle, while Circle acquired blockchain patents from IBM during the same period.
Assets to watch: CRCL SPCX BTC ETH
7. Dormant 13-year BTC wallet moves millions of dollars in BTC
A BTC wallet inactive since 2011 made an on-chain transfer over the weekend, moving millions of dollars in BTC to a new address. On-chain migrations after the Coldcard vulnerability disclosure continued, with about 210,000 BTC having changed addresses.
Assets to watch: BTC
8. Burry comments on market top as BTC death cross persists
Michael Burry said the market was close to a major top and mentioned the risk of a 1987-style sharp drop. BTC 50-day and 200-day moving averages remained in a death-cross pattern; the BTC options put/call ratio stayed low, and spot ETFs continued to post net inflows.
Assets to watch: BTC
Market Snapshot
BTC: $65,016 | ETH: $1,916.28
Gold: $4,383.2 | Silver: $63.44
WTI: $78.93 | Brent: $84.57
S&P 500: 7,757.6 | Nasdaq: 29,722.3