Cotton futures rebounded on Friday, with the front-month contract closing up 116 to 130 points, while the December contract was up 40 points on the week. Managed money lifted its net long by 10,591 contracts to 78,870, the largest in more than two years. Accumulated 2025/26 export sales reached 11.977 million RB, or 107% of the USDA export projection, and new-crop business at 4.026 million RB was 25% above the same period last year. The Cotlook A Index held at 94.95 cents, ICE certified stocks fell 1,779 bales, and the Adjusted World Price rose 190 points to 68.19 cents/lb, with higher crude oil and a weaker U.S. dollar adding support.

A $106 billion investment firm tied to billionaire Paul Tudor Jones disclosed that it holds $22.9 million worth of BlackRock’s spot Bitcoin ETF. The filing underscores that traditional finance players are gaining crypto exposure through regulated products. BlackRock’s spot Bitcoin ETF is being used by institutions as a more accessible entry point. Jones has previously voiced support for bitcoin, and the position aligns with that stance.

Appaloosa Management increased its Amazon stake by more than 15% in the second quarter to nearly $1.2 billion, and boosted Meta Platforms by almost 55% to about $380 million, according to the latest 13F filing. The fund also added nearly 7% to its Alphabet position to more than $661 million and initiated an Apple stake worth more than $241 million. At the same time, it trimmed Micron Technology by more than 41% to around $1.125 billion, though Micron remained its second-largest holding. Micron shares surged more than 240% during the quarter, their biggest quarterly gain on record.

World Liberty Financial has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to issue its dollar stablecoin USD1 directly through a national trust bank charter and to custody the reserves backing it. The approval requires the trust company to maintain at least $20 million in capital, appoint a qualified internal audit manager, and notify the regulator of major changes to its business plan. USD1 now has a market capitalization of roughly $4 billion, making it the fourth-largest stablecoin, Reuters reported. WLFI was trading at about $0.056 per token.

Advanced Micro Devices shares rose 6.19% on Friday, driven by two catalysts. The chipmaker completed its largest-ever investment-grade bond offering, raising $4.75 billion, as strong demand allowed its longest-dated bonds to price below early guidance. Bank of America analyst Vivek Arya raised his 2030 server CPU market forecast to over $210 billion and named AMD his top pick. Management also projected server revenue growth of more than 80% in the second half of 2026 and at least 70% in 2027, while its broader AI data center business is expected to grow well over 100% next year.

SpaceX has completed its $60 billion stock-based acquisition of Anysphere, bringing the Cursor coding platform into its SpaceXAI business and issuing 389 million Class A common shares. After the announcement, SPCX fell about 0.9% in Friday trading to around $140. The stock had previously jumped more than 17% when the deal plan became public, briefly hitting an intraday record of $225.64.

A bridge connecting the XRP Ledger to the tx chain was exploited through a flaw in its deposit-detection logic. The attacker crafted transactions with no real deposits, minted bridged XRP on the tx chain, then swapped it back into real XRP. About 200,000 XRP was transferred out across 94 payments, each correctly signed by 17 of 28 relayers. Ripple’s ledger was not compromised, but txEcosystem said bridged XRP on its chain is no longer fully backed.

OpenAI’s revenue growth is accelerating, with its annualized revenue run rate now on track to exceed $40 billion. ChatGPT has more than 1 billion monthly users, giving the company a large base to monetize via subscriptions and a growing advertising business. OpenAI’s run rate has roughly doubled from more than $20 billion at the end of 2025, Bloomberg reported, citing people familiar with its finances.