Weekly Recap:
• Senator Bernie Sanders unveils a bill to permanently ban AI systems surpassing human intelligence.
• Bank of America VP Erin Piacenti tragically killed in a stabbing attack in Times Square.
• Rich Dad Poor Dad author Robert Kiyosaki admits to carrying $1.2 billion in debt.
• President Trump urges the Federal Reserve to cut interest rates immediately.
• SEC Chair Paul Atkins forecasts the Crypto Clarity Act will pass this month.
• British media personality Katie Price files for divorce after discovering her husband’s crypto wallet holds just $3—despite claiming $50 million.
• The Netherlands repatriates $12.1 billion in gold reserves from the US and Canada.
• Elon Musk announces PlayStation and Xbox will soon integrate directly with Tesla vehicles.
• The US secures majority access to 65 billion barrels of Venezuelan oil.
• John Ternus takes over as Apple CEO, replacing Tim Cook.
• The US Mint begins circulating the 2026 Trump $1 coin.
• The NSA withdraws opposition to the Crypto Clarity Act.
• Trump claims the stock market should "rise like a rocket ship."
• Canada loses 41,700 jobs amid escalating trade tensions with the US.
• Ripple finalizes a multi-year sponsorship deal with the University of Florida.
• Prime Minister Carney states trade negotiations will restart only when Americans “stop doing memes.”
• Russia’s new cryptocurrency legislation officially goes into effect.
• The SEC plans a roundtable discussion on 24/7 stock trading.
• G20 nations agree to collaborate on crypto and stablecoin regulations.
• Apple CEO John Ternus set to receive a $58 million compensation package in 2027.
• Treasury Secretary Bessent emphasizes growth as the path out of national debt.
• Michael Saylor’s firm acquires 4,603 Bitcoin for $369 million.
• Bessent predicts the Strait of Hormuz will be bypassed and rendered “worthless” within two years.
• Coinbase CEO highlights banks’ resistance to crypto as competitive threat.
• OpenAI launches GPT-6 Astra, its most advanced model to date.
• The SEC proposes new rules to support blockchain-based securities trading.
• Coinbase files to offer perpetual stock trading in the US.
• Trump touts AI as a force to create millions of jobs and cure diseases.
• Trump suggests renaming the Strait of Hormuz the “Trump Strait.”
• Tom Lee’s BitMine purchases 53,501 ETH for $131 million.
• President Trump threatens to halt trade with countries where the US runs deficits—unless interest rates are lowered.
• The world’s largest sovereign wealth fund prepares significant reductions in US Treasury holdings.
• Fed Chair Warsh signals a global investment surge is underway.
• Nvidia acquires Hugging Face for $12.93 billion.
• Hyperliquid and Kraken’s parent company explore entry into the US market.
• Elon Musk reveals X achieved its highest monthly download count ever.
• Atkins calls the SEC’s crypto proposal the agency’s most historic move yet.
• Treasury Secretary Bessent confirms oil prices are set to decline.
• US unemployment rate remains steady at 4.1%.
• Standard Chartered launches institutional spot crypto trading in the UAE, backed by $400 billion in assets.
• Apple accuses OpenAI of destroying critical evidence in an ongoing legal dispute.
• Coinbase partners with Webull on a Canadian crypto infrastructure initiative.
BW Daily
1September 6, 2026 861
