JUST IN: 🇺🇸🇻🇪 The White House has released details of the US-Venezuela oil deal.
North American Blue Energy Partners (NABEP) will receive:
• 100-year rights to 17 oil fields containing 65 billion barrels
• Up to $100 billion to restore Venezuela’s oil industry
In exchange, the US government receives:
• A 35% stake in the company at no cost
• 20% of all oil produced at production cost
• Priority to buy the remaining 80%
This gives the US long-term access to the world’s largest oil reserves.
JUST IN: 🇺🇸🇻🇪 President Trump says the US will begin filling its Strategic Petroleum Reserve with Venezuelan oil “very shortly.”
Trump says Venezuela is providing the oil as a “gift” and that the reserve will be “topped out.”
The US Strategic Petroleum Reserve is currently at its lowest level in more than 40 years after large oil releases to offset supply disruptions from the Strait of Hormuz.
JUST IN: 🇺🇸 The FTC and 22 US states are suing Amazon $AMZN, accusing the company of manipulating its own ad auctions for seven years.
According to the WSJ, Amazon allegedly used fake bids to push advertising prices higher, with costs rising by as much as 50% on major shopping days.
The practice reportedly affected 70–80% of Amazon ad auctions in recent years.
JUST IN: 🇺🇸 The FTC and 22 US states are suing Amazon $AMZN, accusing the company of manipulating its own ad auctions for seven years.
According to the WSJ, Amazon allegedly used fake bids to push advertising prices higher, with costs rising by as much as 50% on major shopping days.
The practice reportedly affected 70–80% of Amazon ad auctions in recent years.
JUST IN: 🇺🇸🇯🇵 The US expects Japan to take action to strengthen the yen as USD/JPY climbs back above 160.
Japan recently spent a record $96B defending the yen, including its first coordinated intervention with the US since 1998.
Another intervention could force investors to unwind yen-funded trades, potentially putting pressure on crypto and global stocks.
Traders often borrow cheap yen to invest in risk assets. A stronger yen makes those positions more expensive to maintain.
JUST IN: 🇺🇸 Hyperliquid $HYPE is reportedly in talks with Kraken’s parent company, Payward, to enter the US market.
American users are currently blocked from the platform due to regulatory restrictions.
A potential deal could provide Hyperliquid with a regulated path into the US.
That would give Hyperliquid access to the world’s largest crypto market and a massive new pool of capital.
JUST IN: OpenAI buys tens of thousands of Apple Macs to train its AI agents, according to The Information.
Unlike traditional AI models, AI agents need to learn how to actually use computers, from clicking buttons to navigating apps.
Anthropic is reportedly doing the same through Amazon Web Services.
AI agents could create an entirely new source of demand for Apple hardware.
JUST IN: Tim Cook officially steps down as Apple CEO today after 15 years and will be replaced by John Ternus.
Under his leadership, Apple $AAPL grew from a $350B company to around $4.5T in market value.
Apple also became the first company in history to reach $1T, $2T and $3T in market cap.
During Cook’s tenure, Apple returned more than $1T to shareholders and sold over 3 billion iPhones.
Cook will become Apple’s executive chairman.
JUST IN: 🇯🇵 Japan is moving to ease tax rules that have been holding back yen stablecoin payments.
Currently, stablecoin providers can face tax reporting requirements every time tokens move between users, making them difficult to use like normal money.
Japan’s Financial Services Agency now wants to remove this hurdle, allowing yen stablecoins to move more freely between people and businesses.
JUST IN: Michael Saylor’s Strategy $MSTR has increased its USD reserve by $450 M.
The company also bought 4,603 $BTC worth $369 M.
Strategy now holds a total of 843,775 $BTC and $3B in cash reserves.
JUST IN: Shein completes its long-awaited IPO, raising $1.7B at a $26.5B valuation.
The fast-fashion giant was valued at nearly $100B just four years ago, meaning its valuation has fallen by almost 75%.
The decline came as the US and Europe closed trade loopholes that had helped Shein ship low-cost packages with little or no import duties.
Shein shares are already down more than 10% in gray-market trading ahead of their official Hong Kong debut tomorrow.
JUST IN: Brent crude oil jumps back above $90 as fighting between the US and Iran resumes.
The US struck two Iranian rocket launchers on Larak Island, marking its first attack on Iran since late July.
The launchers were reportedly being prepared to deploy sea mines into the Strait of Hormuz.
Iran responded by firing ballistic and anti-ship cruise missiles at US targets across the Middle East.
JUST IN: 🇪🇺 ECB Executive Board member Isabel Schnabel says central banks should put their money on the blockchain, according to Bloomberg.
She says blockchain and smart contracts are becoming a bigger part of the financial system, meaning central banks need to move on-chain too.
The ECB is already building its own blockchain infrastructure to bring central bank money on-chain.
Schnabel also warned that stablecoins should not replace central bank money, as central banks try to prevent private digital currencies from taking over their role.
JUST IN: 🇯🇵 Demand for Japan’s 2-year government bonds has dropped sharply, with the bid-to-cover ratio falling from 3.63x to 2.97x, its lowest level since September 2025.
Investors are demanding higher yields as the BOJ continues moving away from years of near-zero interest rates.
Higher Japanese yields can strengthen the yen and force investors to unwind trades funded with cheap yen.
That could mean more volatility across global stocks and crypto.
JUST IN: 🇺🇸🇻🇪 President Trump says the US will begin filling its Strategic Petroleum Reserve with Venezuelan oil “very shortly.”
Trump says Venezuela is providing the oil as a “gift” and that the reserve will be “topped out.”
The US Strategic Petroleum Reserve is currently at its lowest level in more than 40 years after large oil releases to offset supply disruptions from the Strait of Hormuz.
BREAKING: 🇺🇸🇻🇪 Trump announces the US has reached what he calls the “biggest oil deal in world history” with Venezuela.
The agreement reportedly gives the US majority control over more than 65 billion barrels of Venezuelan oil reserves, more than doubling US proven oil reserves.
Trump says the deal will increase oil supply and substantially lower gas prices, with no cost to American taxpayers.
For context, Venezuela holds roughly 300 billion barrels of proven oil reserves, the largest reserves in the world.
The 65 billion barrels covered by this deal alone exceed the US’s current proven oil reserves.
However, bringing that oil to market will take time after decades of underinvestment and deteriorating infrastructure.
The deal comes as Middle East oil supplies remain disrupted and US strategic oil reserves sit near their lowest levels in more than 40 years.
JUST IN: Anthropic faces a massive copyright lawsuit from Sony and Warner over the training of its Claude AI models.
The music publishers accuse Anthropic of illegally downloading and copying tens of thousands of copyrighted songs to train its AI.
They call it “one of the largest and most blatant ongoing thefts of intellectual property in history.”
The lawsuit comes just months after Anthropic agreed to pay $1.5B to settle a separate copyright case involving books.
JUST IN: 🇪🇺 European Union gas storage has fallen to 63%, its lowest late-August level in 13 years.
Europe normally enters this time of year with around 80% of its gas storage full.
That leaves the region with a much smaller buffer heading into winter, when gas demand rises sharply.
Goldman Sachs warns gas prices could climb above €100 per megawatt-hour, roughly 50% above current levels, if Middle East supply disruptions continue.
JUST IN: $829B asset manager Bernstein predicts $BTC will hit $150,000 by mid-2027.
The firm expects Bitcoin to reach $300,000 by 2029 in its base case, with a bull case of up to $500,000.
By 2033, Bernstein sees Bitcoin reaching $1 million.
The firm expects a prolonged Bitcoin bull market, driven by growing institutional adoption and fiat currency debasement.
JUST IN: The Bank for International Settlements (BIS) says stablecoins aren’t real money.
BIS chief Pablo Hernández de Cos wants banks to focus on tokenized deposits, keeping digital money inside the traditional banking system.
He warns that dollar-pegged stablecoins could weaken countries’ control over their own currencies as people increasingly use digital dollars instead of local money.
This comes as stablecoins continue to grow and potentially pull deposits away from traditional banks.