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US Forces Directed to Prepare for Possible Iran Strike, Report Says

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According to Sina Finance, U.S. officials indicate the Pentagon told U.S. Central Command to ready for a potential restart of large-scale military operations in Iran. The directive did not specify a launch date, and President Donald Trump has not reached a final decision.

U.S. and Israeli sources said the strike could be considered before the U.S. midterm elections, and possibly before Israel's election, which is about a week earlier.

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US Stocks Retreat From Record High as AI Bubble Talk Returns and Inflation Fears Grow

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U.S. stock benchmarks moved lower on Wednesday as questions linger about how much longer the AI rally can run and as higher oil prices offset recent gains.

The S&P 500 declined 0.2% from its prior record close, while the Nasdaq 100 briefly traded down as much as 1% intraday and finished the session about 0.2% lower. Brent crude settled near $100 a barrel as tensions in the Strait of Hormuz intensified and Middle East oil shipments stayed resilient.

The 10-year U.S. Treasury yield rebounded after a solid $39 billion auction, though yields remained near their highest level in more than two decades. Investors require higher compensation for bond risk amid concerns about inflation, government spending and corporate debt linked to AI expansion.

Money markets are pricing in a relatively high probability that the Federal Reserve will raise rates again before the end of 2026. Minutes from the central bank's September meeting showed all 19 officials supported the rate increase, with many participants saying another hike could help curb inflationary pressures.

Some analysts saw room for one more rate move this year even as policy remains accommodative, while others noted the minutes reflected a broad range of views among participants.

The AI bubble debate persisted, rattling confidence in parts of the market that led gains in recent years. Bridgewater founder Ray Dalio warned that AI is in a classic bubble and could peak as rates rise and investors tighten spending on risk assets.

The IMF warned about risks from AI, persistent energy shocks and the global debt load. Investors are turning to upcoming earnings reports to assess whether corporate profits can sustain elevated valuations amid macro headwinds and ongoing AI investment.

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OpenAI Says an Unreleased Model Solved Hundreds of Math Problems With a Single Prompt

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OpenAI says an unreleased internal AI model produced solutions to hundreds of math problems after receiving a single prompt, a claim highlighted by NS3.AI, which notes 722 manuscripts were published on GitHub on Tuesday. The 722 figure refers to manuscripts, not solved problems.

An OpenAI spokesperson indicated that nearly all results came from one prompt given to one AI agent, though some results may have required multiple attempts.

MIT mathematician Andrew Sutherland cautioned that the single-prompt, single-agent claim remains unverified until researchers can access the model and replicate the results.

The repository's formalization catalog shows that 162 manuscripts include computer-checked main results, and OpenAI warned that some unformalized results could have issues.

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Argentina Nears Technical Recession After Tepid August Recovery

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Argentina's economy appears poised to slip into a technical recession after August offered only a tepid rebound that could not offset July's larger losses, Bloomberg reports.

The Bloomberg analysis notes that the development compounds President Javier Milei's challenges ahead of next year's election.

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Dogecoin Drops 7% as Key $0.083-$0.089 Support Zone Emerges

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Dogecoin declined about 7% on Wednesday, with its daily golden cross still intact as the token tested important support levels.

An NS3.AI analyst, Kevin, identified the $0.083-$0.089 zone as a major support area and said a move back toward recently reclaimed moving averages would be normal.

He added that the ability of this support to hold could depend on Bitcoin's performance.

Marshall Hayner, CEO of Metallicus and a member of the Dogecoin Foundation board, noted that a separate proof-of-stake payment layer developed by Metallicus and Metal Blockchain is 300 times faster.

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XRP Spot ETFs Total $1.7 Billion as Weekly Inflows Slow

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Five U.S. spot XRP ETFs tracked by Maketo totaled about $1.7 billion at the close of Oct. 6, according to the estimate.

NS3.AI data show roughly $3.9 million in net inflows for the past week, versus about $112 million in the prior month.

Bitwise additions outweighed withdrawals from Franklin and Canary on Oct. 6.

XRP Insights noted that most of the monthly decline in exchange-wallet balances was tied to an Uphold storage migration, leaving the assets under Uphold's control.

On Oct. 7, XRP futures turnover far surpassed the level of covered spot turnover, though the primary sellers were not identified.

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