🚨BREAKING: U.S. Nonfarm Payrolls came in FAR BELOW expectations. NFP: 29K vs 90K | prev. 162K Unemployment rate: 4.2% vs 4.1% expected That is a 68% miss versus expectations and an 82% drop from the previous month. Markets were already bracing for weaker hiring, but this report came in FAR WORSE than expected. Combined with SOFTER jobless claims and PCE, it strengthens the case for earlier or deeper Fed rate cuts. That typically means lower yields and a weaker dollar, which can SUPPORT stocks and crypto. The RISK though is that continued labor weakness shifts the story from rate-cut optimism to recession fears.

⚠️ALERT: Anthropic’s confidential IPO prospectus lists roughly 80 pages of 'existential risks to humanity' from using its AI models. That is nearly 2x the 48 pages it used to describe its business, and far above SpaceX $SPCX, which dedicated only about 38 pages to risk factors. Some of the risks include that its AI can: - Develop self-preserving behavior - Resist shutdown - Conceal or manipulate information - Show behavior “resembling blackmail” - Develop unexpected abilities during training - Act differently when they know they are being evaluated Anthropic safety researcher estimated an over 10% probability that AI could kill humans within the next decade.

⚠️UPDATE: The Bitget hacker is now SWAPPING stolen ETH into BTC from the $387.5M exploit. Lookonchain flags the attacker has started rotating ETH into BTC, suggesting the stolen funds are being moved into a harder-to-freeze asset before further laundering attempts. This comes as Bitget resumes withdrawals in phases, adding that users will be fully covered whether the stolen funds are recovered or not.

🚨BULLISH: Binance records its BIGGEST single-day Bitcoin net outflow since 2023, with over 13,800 BTC leaving the exchange, per CryptoQuant. Binance holds around 30% of BTC on platforms accessible to investors. Its reserves dropped by 20,000 BTC in just FOUR DAYS, from 705,000 to 685,000 BTC. The withdrawals suggest more investors are moving BTC into self-custody, a pattern associated with long-term holding and reduced potential selling pressure. They also suggest latecomers who were waiting for lower prices could now be feeling FOMO.