The crypto market is closing out the week on a constructive note, with bitcoin BTC$64,112.73 adding as much as 1.1% since midnight UTC to $65,760 as the broader market held its ground despite a macro backdrop that should be applying far more pressure.Brent crude futures are trading at $97.66 per barrel, the highest since mid-May, as the Iran conflict shows no sign of de-escalating. While previous oil spikes have rattled risk assets including crypto, digital assets are broadly green this morning.Ether (ETH) mirrored bitcoin’s gain, rising as much as 1.6%, while the likes of HYPE and FET rose more than…

In brief Nvidia, Meta, Microsoft, Andreessen Horowitz, Hugging Face, IBM, and 19 other companies published a letter Friday titled “Open Weights and American AI Leadership,” warning against restrictions on open models. OpenAI and Anthropic did not sign. The letter follows a week in which OpenAI’s own AI agents attacked Hugging Face, which then had to use a Chinese open-weight model to defend itself after American closed models refused to cooperate. Trump administration officials have reportedly considered banning Chinese open-weight models, while OpenAI’s Dean Ball has called an open-source-dominated AI future a “dystopian hellscape.” Twenty-five companies just told Washington to leave…

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