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Here’s your weekly market recap, bringing you the biggest updates in stocks, crypto, and the economy—quick, clear, and to the point.

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🖥 Perplexity bids $34.5 B for Google Chrome
Perplexity, an AI-search startup, made a bold $34.5 billion all-cash offer to acquire Google Chrome amid a looming antitrust ruling that could force Google to divest the browser. The offer includes keeping the Chromium code open, retaining staff, and investing $3 billion over two years. Google is expected to resist.

🚀 Bullish crypto exchange IPO pops
Cryptocurrency exchange $BLSH ( ▼ 8.87% ) priced its IPO at $37 per share and debuted on the NYSE (ticker: BLSH). Shares soared as much as 218%, closing with a market cap estimated around $13 billion, underscoring renewed investor enthusiasm for crypto listings.

📈 S&P 500 leaders approach new buy points
Top S&P 500 names—Amazon, Netflix, Blackstone, Micron Technology, and Spotify—are nearing technical buy zones. Amazon is up ~3.8%, Netflix gained ~2.3% after raising its 2025 revenue forecast, Micron lifted guidance, and Spotify rose ~3.8% on strong Q2 subscriber figures.

📊 Dow hits intraday record amid Berkshire’s UnitedHealth stake
The Dow Jones Industrial Average touched an intraday all-time high as UnitedHealth $UNH ( ▲ 1.47% ) surged ~12% following news that Berkshire Hathaway took a stake in the company. Despite mixed close for S&P 500 and Nasdaq, the Dow ended the week up ~1.7%.

🤖 Apple’s lifelike AI push
$AAPL ( ▼ 0.3% ) is planning a Pixar-lamp-style home robot and a more human-like Siri that can hold natural conversations, inject itself into chats, and power a new line of smart displays and home devices.

🦺 Coinbase loses $300K on misconfiguration
Coinbase ( — ) mistakenly approved tokens to a 0x “swapper” contract—used for swaps, not approvals—allowing an MEV bot to swiftly drain about $300,000 from its corporate DEX wallet. No customer assets were impacted; Coinbase revoked access and relocated funds.

🗡 Do Kwon pleads guilty in $40 billion Terra-Luna collapse
Terraform Labs founder Do Kwon admitted guilt to fraud charges connected to the 2022 collapse of TerraUSD and Luna, which erased an estimated $40 billion in investor value. Under a plea agreement, he’ll face up to 12 years in prison (down from a potential 25) and will forfeit over $19 million.

🌐 Crypto scams net over $1.6 million in just five days
Malicious actors have stolen $1.6 million in recent days using tactics like crypto address poisoning (tricking users into copying the wrong address) and phishing scams with approval requests. One victim lost 140 ETH (~$636K), and others lost sums ranging from $62K to $880K.

🇺🇸 U.S. extends 90-day tariff pause with China
— The U.S. has signed an executive order extending its suspension of higher tariffs on Chinese imports for another 90 days. This move averts steep duty hikes (which would have risen to 145% on U.S. goods and 125% on Chinese imports) and maintains the current rates—30% on Chinese goods and 10% on U.S. exports—buying time for further negotiations through the holiday season.

🥇 Gold imports exempted from tariffs
— President Trump clarified that gold imports will not face new tariffs, easing turmoil in bullion markets following a U.S. Customs ruling that had sparked fears of a 39% levy on standard gold bars. Futures prices retreated sharply after the announcement, offering relief to traders and the Swiss refining industry.

🛍 Retail forecasts raise concern despite strong Q2 results
— Leading U.S. retailers such as Walmart, Home Depot, and Target reported solid Q2 earnings—but analysts warn that the real risk lies ahead. Surging tariffs and early signs of cooling in the labor market may pressure consumer discretionary spending. Broadline retailers may weather the storm, but specialty shops and home-improvement chains could see weakening demand.

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Disclaimer:
We are not financial advisors, and the information provided in this newsletter is for educational purposes only. Always conduct your own due diligence and consider what makes sense for your individual financial situation. Investing involves risks, and there is no guarantee of making money. In fact, you may lose money. We aim to provide you with the tools and insights to help you make informed decisions, but the ultimate responsibility lies with you.