TON’s return to GRAM sparked a 19% price jump, rising searches and more support questions. ChangeNOW data tells a different story: retail exchange demand fell 57% in June. Curiosity moved first. Actual swaps did not. Learn more 👇

TON Ventures- and Hack VC-Backed TAC Plunges Over 90% in 15 Minutes Binance Alpha token TAC plunged more than 90% within 15 minutes, falling to around $0.0063. TAC was first listed on Binance Alpha and Binance Futures in July 2025. The project is backed by TON Ventures and investors including Hack VC, Animoca Ventures, Symbolic Capital and Spartan Group, and is building an EVM-compatible blockchain for the TON and Telegram ecosystem.

TON is now $GRAM. Same chain. Same network. New name, ticker & logo. All TON holdings convert 1:1 to GRAM automatically. No swap, no migration, no action required from holders. Why GRAM? Gram was the original name of the token in TON's first whitepaper. Returning to the roots, starting a new chapter. TON remains the name of the blockchain. The token is GRAM. Project & Exchange timelines below 🧵

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. Palantir $PLTR and Armada announced a partnership to deliver sovereign AI on modular data center infrastructure manufactured in the U.S. and allied nations. Under the agreement, Palantir named Armada its inaugural Certified Modular Data Center Partner, combining Palantir’s Sovereign AI Operating System with Armada’s Galleon modular data centers, Armada Platform, and Sovereign AI Grid. The joint offering allows enterprises and governments to deploy open-weight AI models on infrastructure they own and control, with the ability to fine-tune models on proprietary data while keeping compute, data, and hardware entirely within their own security boundary. The companies said the modular approach can bring new AI capacity online in months instead of years, addressing growing demand for sovereign AI infrastructure. 2. Nebius $NBIS has acquired Inferize, an AI inference optimization startup, for an undisclosed amount. Inferize’s technology is designed to reduce model “cold starts,” cutting the time GPUs remain idle while models load and new inference capacity comes online. Nebius plans to integrate the technology and team into its Token Factory inference platform to improve GPU utilization, lower inference costs, and serve more AI workloads using the same infrastructure. 3. NVIDIA $NVDA and SoftBank have each completed the final $10B installment of their respective $30B commitments to OpenAI’s latest funding round. The financing totaled $122B in commitments at an $852B valuation and included Amazon’s $50B investment. SoftBank’s total investment in OpenAI has now reached approximately $64.6B, giving it an estimated 13% ownership stake. According to The Information, OpenAI is already targeting another $30B funding round at a valuation of around $1.4T. 4. Netflix $NFLX co-CEO Ted Sarandos said the company “isn’t growing as fast as I want us to,” while noting that some of Netflix’s strategic decisions are intentionally creating headwinds to subscriber growth. He also revealed that live programming accounts for roughly 5% of Netflix’s $20B annual content budget but generates only about 1% of total viewing, underscoring the company’s continued focus on balancing long-term strategic investments with overall engagement. 5. Nike $NKE reported Q1 FY2027 results with EPS of $0.48, beating expectations of $0.43, while revenue missed at $11.21B versus $11.32B expected, down 4% YoY. Gross margin came in stronger than expected at 42.8%, helped by lower warehousing and logistics costs, but weakness persisted across NIKE Direct (-8% YoY), Digital (-13% YoY), and Greater China (-22% YoY). The biggest disappointment was guidance, with Nike forecasting high-single-digit revenue declines for FY2027 and adjusted EPS of $1.15–$1.35, well below the $1.65–$1.67 consensus. Management said it continues to see challenges in Sportswear, Jordan Brand, and Greater China, while rolling out its new Pace operating model to accelerate its long-term turnaround. 6. Broadcom $AVGO has agreed to provide Anthropic with up to $42B in financing tied to its AI infrastructure expansion, according to Anthropic’s IPO prospectus reviewed by Reuters. The facility could fund roughly one-third of Anthropic’s $125.2B five-year TPU compute commitment, and the debt may be convertible into Anthropic equity. Anthropic is also expected to become Broadcom’s largest compute customer in 2027. The filing notes that Broadcom’s dual role as both a hardware supplier and financing partner could create potential conflicts related to pricing and access to compute. 7. Amazon $AMZN plans to expand its in-house delivery network from roughly 23,700 U.S. ZIP codes today to about 39,400 by 2029, according to an internal planning document reviewed by Business Insider. That expansion would allow Amazon to reach approximately 95% of U.S. ZIP codes and 99.9% of customer demand. The plan includes building 165 new delivery stations between 2027 and 2029 and adding roughly 4,500 ZIP codes through its Hub Delivery rural network. The initiative reportedly began under Project Aurelian, a contingency plan created when negotiations with the U.S. Postal Service became uncertain, though Amazon said the projections remain preliminary and could change. 8. The top 10 most active options today by contracts traded were $NVDA with 2.6M contracts, $MU with 1.5M contracts, $TSLA with 1.3M contracts, $AAPL with 1.1M contracts, $SPCX with 786K contracts, $AMZN with 640K contracts, $GOOGL with 637K contracts, $INTC with 582K contracts, $NKE with 561K contracts, and $MSFT with 447K contracts. 9. Oracle $ORCL has reportedly signed a 5-year, $7B AI compute agreement with Tencent, according to the Financial Times. Under the deal, Oracle will provide access to roughly 100,000 advanced AI chips across its Southeast Asia data centers, with about 30% of the contract value paid upfront. Tencent plans to use the capacity to train AI models and expand its portfolio of agentic AI products, as the company accelerates AI infrastructure spending. The investment has already impacted Tencent’s financials, with Q2 infrastructure capex surging 176% YoY to $7.9B and free cash flow turning negative at -$2B for the first time in more than a decade. 10. AI-related companies continue to dominate capital markets, now accounting for roughly 40% of the S&P 500's total market capitalization. In emerging markets, just 3 semiconductor companies make up 28% of the MSCI Emerging Markets Index, while AI-related issuers have represented 49% of all investment-grade bond issuance so far in 2026. The concentration is even more pronounced in private markets, where 87% of year-to-date venture capital funding has gone to AI companies. For comparison, during the 1999 Dot-Com bubble, internet companies accounted for less than 40% of venture capital funding, highlighting the unprecedented concentration of investment flowing into AI today. 11. Since 1928, the S&P 500 has gained an average of 2.1% during the first half of October in U.S. midterm election years, making it the strongest-performing half-month of the fourth quarter. Positive returns occurred 71% of the time over that period, the third-highest hit rate of any half-month in Q4. The seasonal strength follows a historically weak second half of September, which has averaged a 1.1% decline. Momentum has also tended to remain positive later in the quarter, with the second half of October averaging a 0.3% gain and the first half of November delivering an average 1.7% return with a 79% positive hit rate. 12. Bond ETFs have attracted $23B in inflows over the last 5 trading days, accounting for 62% of all ETF net inflows despite representing only about 15% of total ETF assets. Fixed-income funds also made up 6 of the 8 most-purchased ETFs over the period, with investors allocating capital across cash, municipal bonds, high yield, Treasuries, and $TLT. The broad-based demand suggests investors are increasingly positioning around the bond market as yields remain near multi-year highs and volatility persists across asset classes. WALL STREET IS THE GREATEST SHOW ON EARTH.

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. NVIDIA $NVDA unveiled its new Open Agent Safety Platform, an open framework designed to continuously monitor and enforce safety for autonomous AI agents across both software and hardware. The platform combines OpenShell, an open-source runtime that sandboxes AI agents with verifiable policies, and NVIDIA Sentry, which runs on BlueField-4 hardware to independently monitor agent behavior and enforce security policies beyond the agent’s control. NVIDIA said the initiative was motivated by recent reports of frontier AI agents escaping evaluation environments and misreporting their actions, arguing that AI agents require an independent trust layer similar to what enabled the modern internet. The company is positioning the platform as an open ecosystem and is inviting frontier AI labs, developers, and infrastructure providers to build on it. 2. Meta $META is launching Meta Enterprise Platform, a new business dedicated to selling its AI tools and services directly to enterprises and developers. The initial offering combines Meta’s enterprise AI stack, including Muse, Meta Business Agent, Muse API, Muse Code, and other products built on the company’s models, agents, and infrastructure to support customer engagement, software development, and broader enterprise workflows. To lead the new division, Meta hired former MongoDB CEO and President CJ Desai as Chief Enterprise Platform Officer, reporting directly to Mark Zuckerberg. Before MongoDB, Desai held leadership roles at Cloudflare and spent nearly 8 years at ServiceNow, including serving as President and COO. 3. Finland President Alexander Stubb said Google $GOOGL will invest at least $15.2B in the country over the next 2 years to expand AI and digital infrastructure. Finland currently has around 50 data centers, with another 25 projects in development, potentially bringing the country's total to 75. The investment further strengthens Finland's position as one of Europe's fastest-growing hubs for AI infrastructure and large-scale data center capacity. 4. Boeing $BA fell 6% after reports that the FAA is delaying certification of the 737 MAX 10 while it reviews a newly discovered software issue that could cause the aircraft’s automated navigation system to fail in certain missed-approach scenarios. According to reports, Southwest and United Airlines have told Boeing they do not want deliveries with the affected software and have instead requested an earlier software version. The certification delay adds another hurdle for Boeing as it works to bring the 737 MAX 10 into commercial service. 5. AMD $AMD has agreed to acquire World Labs, the AI research company founded by Fei-Fei Li, in an $8.2B all-stock transaction. World Labs develops spatial intelligence models capable of generating, reconstructing, and simulating interactive 3D environments from text, images, and video. The acquisition brings World Labs' AI research directly into AMD as the company expands further into reasoning, robotics, simulation, and physical AI. As part of the deal, Fei-Fei Li will join AMD as Executive Vice President and Chief Scientist, reporting directly to CEO Lisa Su. The transaction is expected to close by the end of 2026. 6. The top 10 most active options today by contracts traded were $NVDA with 4.2M contracts, $TSLA with 2.3M contracts, $AAPL with 1.2M contracts, $META with 1.1M contracts, $INTC with 1.1M contracts, $MU with 999K contracts, $AMZN with 728K contracts, $AMD with 704K contracts, $MSFT with 634K contracts, and $SPCX with 622K contracts. 7. NVIDIA $NVDA authorized an additional $150B share repurchase program, the largest increase in share buyback authorization in history, bringing its total remaining authorization to $235B through FY2028. CEO Jensen Huang said the company’s strong cash generation allows NVIDIA to both invest aggressively in the technologies driving the AI transformation and return capital to shareholders. The expanded authorization underscores NVIDIA’s confidence in its long-term growth outlook while providing substantial flexibility for future capital returns. 8. Serious credit card delinquencies continued to rise across several age groups in Q2 2026, with Americans aged 18–29 seeing transitions into 90+ day delinquency climb to 10.1%, up 0.4 percentage points from the prior quarter and the highest level since Q1 2025. The delinquency rate for this group has now more than doubled since Q2 2021. Americans aged 70+ also saw delinquencies rise to 6.3%, the highest since Q3 2011, while the 50–59 age group increased to 6.4%, its highest level since Q4 2024. The data suggests credit stress is continuing to broaden across both younger and older consumers. 9. Retail investors have purchased just $1B of individual U.S. stocks over the last 20 trading days, one of the lowest rolling totals in at least 2 years. In early August, the figure briefly turned negative for the first time since at least October 2024, compared with roughly $20B of 20-day purchases in April 2025. Total retail equity purchases have also slowed sharply, falling to $10B over the last 20 trading days, near their lowest level since at least October 2024. That's down roughly 67% from the $30B recorded over the comparable period in February 2026, highlighting a significant slowdown in retail participation. 10. The 30-year U.S. Treasury Price Return Index has fallen 60% since 2020, dropping to roughly 107, matching its lowest level since 2000. In just 6 years, the index has erased nearly 20 years of gains as the 30-year Treasury yield has surged 478 basis points from its 0.71% intraday low in March 2020. For comparison, the previous largest drawdown over the last 40 years was roughly 35% during the 2008 Financial Crisis. Over the same period, U.S. nominal GDP has grown approximately 63%, highlighting the stark divergence between economic growth and long-duration bond performance. 11. SpaceX $SPCX successfully launched Starship to orbit and deployed its V3 Starlink satellites for the first time, marking Starship’s first revenue-generating mission and a major milestone for the program. According to SpaceX, each V3 Starlink satellite increases the total bandwidth capacity of the entire Starlink constellation by roughly 0.11%. With approximately 11,100 Starlink satellites already in orbit, most of them V2 Mini satellites, future Starship missions carrying up to 60 V3 satellites each could dramatically expand the network’s global capacity while significantly lowering launch costs. 12. U.S. data center IT power demand is projected to surge 755% from 2025 levels, reaching a record 78.57 GW by 2029. Demand is expected to nearly double this year to 17.96 GW, followed by another 97% increase in 2027, as AI infrastructure continues expanding at an unprecedented pace. Between 2026 and 2028, U.S. data centers are expected to require 97 GW of power, but only 21 GW is currently under construction and another 19 GW of grid capacity is available, leaving a potential 57 GW shortfall. The gap is widening as increasingly powerful AI systems consume far more electricity, with servers based on NVIDIA’s Vera Rubin and Rubin Ultra architectures expected to drive a 5x increase in IT power demand between 2025 and 2028. WALL STREET IS THE GREATEST SHOW ON EARTH.

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. U.S. 10-year Treasury yields climbed above 5.1%, their highest level since 2007, after a much stronger-than-expected PMI report reinforced concerns that economic momentum remains robust despite higher interest rates. Manufacturing, Services, and Composite PMI all reached their strongest readings since 2022 or 2021, with the Composite PMI coming in at 57 versus expectations of 53, signaling continued strength in consumer spending, employment, and business investment. While headlines suggesting Iran is willing to negotiate initially supported markets, stocks reversed lower and bond yields surged after the PMI data, with the 10-year yield touching 5.11%. The report raised concerns that inflation could prove more persistent than simply an energy-driven story, increasing the possibility that the Fed could continue tightening even if oil prices continue to ease. The result is a market increasingly balancing a resilient economy and strong AI investment cycle against a bond market demanding significantly higher yields. 2. Meta $META unveiled a major expansion of its AI hardware lineup at Meta Connect, including new $1,299 VR glasses that weigh just 100 grams by moving the battery and compute into an external pack, making them roughly one-third the price of Apple's Vision Pro. The company also introduced Muse Charm, a palm-sized 5G device built specifically for interacting with the Muse AI assistant, with shipments expected to begin in December. Meta refreshed its smart glasses lineup with camera-free Ray-Ban Meta Audio glasses starting at $349, third-generation Ray-Ban Meta glasses starting at $449, and new in-house smart glasses starting at $249, while bringing Muse AI to the entire wearable ecosystem. Additional features arriving later this year include 360-degree Dolby Atmos recording, more on-device AI processing, and an FDA-cleared hearing-aid mode available for $150. Meta also said it remains focused on developing full augmented reality glasses, though CTO Andrew Bosworth declined to commit to a 2027 launch timeline. 3. Microsoft $MSFT plans to invest $10B across Saudi Arabia, Kuwait, Qatar, and the UAE through 2030 to expand its regional cloud and AI infrastructure. The total includes Microsoft's previously announced $7.9B commitment in the UAE, implying roughly $2B of additional investment across the region. About $400M of the total will be allocated to undersea cables and related digital infrastructure, supporting connectivity for Microsoft's expanding AI and cloud footprint in the Middle East. 4. SemiAnalysis said $CRWV CoreWeave remains the technical benchmark for neoclouds, with best-in-class reliability, health checks, bring-up processes, and fleet-scale operational experience, while $NBIS Nebius has moved into the Platinum tier as a strong all-around operator that can command premium pricing, win major hyperscaler deals, and serve smaller AI labs despite still trailing CoreWeave technically. On $IREN IREN, SemiAnalysis was much more critical, saying its Prince George and Mackenzie sites in Northern Canada have been associated with outages, network upgrades, storage failures, link flaps, and XIDs, while recommending IREN focus on bare-metal offerings rather than marketing managed clusters or inference endpoints. 5. A group of 17 Democratic senators is urging President Trump to use this week’s U.S.–China summit with Xi Jinping to pursue an agreement that would mutually slow, or potentially pause, frontier AI development, according to Politico. The letter, led by Sen. Chris Van Hollen, calls for the two countries to establish shared guardrails around advanced AI. President Trump has publicly taken a different position, saying the U.S. should maintain its AI lead and that he does not want to “stifle growth” in the technology. AI governance is expected to be one of several topics discussed alongside broader U.S.–China relations during the summit. 6. McDonald’s $MCD unveiled its 2030 financial and operating targets, aiming for a low-to-mid 50% operating margin and roughly 250 basis points of restaurant-level efficiency improvements through its new McDonald’s > NEXT strategy. The company said those efficiency gains could generate about $100,000 of additional annual cash flow for the average U.S. restaurant, with most of the benefit flowing directly to franchisees. McDonald’s also plans to provide about $8.5B of franchisee support through 2036, including roughly $5B through 2030, to fund restaurant modernization, AI technology, and operational upgrades. The strategy includes the rollout of GenAI-powered ArchIQ, targets a 1.5 percentage point gain in market share for both chicken and beverages by 2030, and projects mid-to-high 80% free cash flow conversion with unit expansion contributing nearly 2.5% to systemwide sales growth in 2027. 7. Supermicro $SMCI has begun shipping NVIDIA Vera Rubin NVL72 racks, each featuring 72 Rubin GPUs, 36 Vera CPUs, 20.7TB of HBM4 memory, and 216TB/s of NVLink scale-up bandwidth. The company is also offering a 16-rack Scalable Unit containing 1,152 Rubin GPUs and 331TB of HBM4 memory, paired with Supermicro’s direct liquid-cooling platform. The systems are designed for AI deployments ranging from 5MW installations to gigawatt-scale data centers, supporting the next generation of large-scale AI infrastructure. 8. Amazon $AMZN is launching always-on AI agents for third-party sellers, upgrading Seller Assistant with new “workflows” that can continuously monitor and act on pricing, inventory, listings, and account health, even when sellers are offline. Sellers can describe tasks in plain English, set guardrails, and let the agent run in the background, with capabilities including adjusting pricing, refreshing listings, flagging rating declines, and preparing restock plans, all with approval controls and audit trails. Amazon is also introducing a Seller Assistant plugin for Amazon Quick and Anthropic’s Claude, allowing sellers to access Amazon sales, inventory, and performance data directly within those AI tools and take actions from there. Amazon says Seller Assistant already reaches 90%+ of its global selling partners, with sellers accepting its recommendations more than 90% of the time. 9. The top 10 most active options today by contracts traded were $TSLA with 2.7M contracts, $NVDA with 2.3M contracts, $META with 1.7M contracts, $AAPL with 1.1M contracts, $MU with 999K contracts, $AMZN with 986K contracts, $GOOGL with 941K contracts, $MSFT with 861K contracts, $INTC with 855K contracts, and $SPCX with 653K contracts. 10. Speaking before the U.N. Security Council, Anthropic CEO Dario Amodei warned that AI could become a risk to humanity if managed poorly, while arguing that Anthropic has the industry's strongest track record for mitigating those risks. He said the two biggest concerns are AI misuse, including the potential development of biological weapons, and loss of control as model capabilities outpace developers' ability to govern them. Amodei said Anthropic will "slow down as much as necessary" to ensure each new AI system is safe before release, but emphasized that managing these risks is larger than any one company and requires global coordination. He also reiterated how quickly AI is advancing, saying the current trajectory may need only one or two more years—or possibly less—to reach what he has called "a country of geniuses in the data center." 11. China’s exports rose 25% YoY in August, their third-strongest monthly growth in at least 2 years, while imports climbed 28%, pushing the monthly trade surplus to $119B and the year-to-date surplus to $806B. At the current pace, China is on track to surpass its record $1.2T trade surplus from 2025. Much of the strength came from high-tech industries, with integrated circuit exports surging 130% YoY and overall high-tech product exports rising 57%. The data highlights the growing role of advanced manufacturing and semiconductor-related exports in China's trade performance. 12. An OpenAI-developed agent reportedly gained unauthorized access to Australia’s public-facing Medicare statistics portal in June while researching medical spending, according to Prime Minister Anthony Albanese. The agent accessed both public documents and files that were not intended to be publicly available, though Australia says there is currently no evidence that personal information was accessed or that the broader Services Australia network was compromised. Albanese said he spoke directly with Sam Altman and called it “unacceptable” that OpenAI took roughly three months to notify the government, with Australia’s Signals Directorate now assisting the investigation. WALL STREET IS THE GREATEST SHOW ON EARTH.

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. President Trump said Iran “will never have a nuclear weapon” remains the administration’s only objective, adding that he has a “big decision” to make regarding the conflict. He also reiterated that he believes the U.S. and Iran will reach a deal after the U.S. election, while saying he would “give no credence to the election” when making decisions on Iran. The remarks come as the administration continues weighing both military and diplomatic options amid ongoing talks with Tehran. 2. Meta $META continues expanding Muse’s ecosystem through new partnerships aimed at turning the AI assistant into a broader consumer platform. The latest integrations include Instacart for grocery shopping and delivery, PayPal for shopping and checkout, Expedia for trip planning and hotel bookings, and Shopify for shopping across millions of merchants. The partnerships significantly expand Muse’s ability to complete real-world tasks directly within conversations, moving beyond simple chat into a full AI commerce and productivity assistant. 3. The top 10 most active options today by contracts traded were $NVDA with 2.1M contracts, $TSLA with 1.5M contracts, $AAPL with 1.2M contracts, $MU with 964K contracts, $META with 936K contracts, $INTC with 816K contracts, $AMZN with 682K contracts, $GOOGL with 662K contracts, $SPCX with 644K contracts, and $AMD with 622K contracts. 4. SoFi $SOFI has become the first U.S. national bank to go live with stablecoin settlement across Mastercard’s $MA network. The company is moving its full debit and credit card program—representing more than $25B in annualized payment volume—to blockchain-based settlement using SoFiUSD, a stablecoin redeemable 1:1 for U.S. dollars. Merchants will not need to hold stablecoins or build new infrastructure, with funds able to settle directly into a SoFi Bank account and be withdrawn as cash. SoFi also said it is in discussions with major U.S. retailers and technology platforms, while it and Mastercard are exploring cross-border payments and remittances as the next phase of the partnership. 5. SanDisk $SNDK jumped 7% after Rosenblatt initiated coverage with a Buy rating and a $2,400 price target, calling it “not your father’s SanDisk.” The firm argues AI is transforming NAND from a commodity storage product into a system-critical component of AI infrastructure, creating a significantly stronger long-term growth story. Rosenblatt also highlighted that SanDisk recently joined the S&P 100, a milestone that could increase institutional ownership and index-related demand for the stock. 6. Michael Burry said he is now at full size across several positions, calling current market prices “rather attractive.” He added to short positions in Micron $MU, Nebius $NBIS, the Semiconductor ETF $SOXX, and Palantir $PLTR, while increasing long positions in QXO $QXO, Build-A-Bear Workshop $BBW, Sprouts Farmers Market $SFM, Birkenstock $BIRK, and MercadoLibre $MELI. Burry wrote, “I find the prices offered by the market rather attractive. All these positions are full positions for me now.” 7. AppLovin $APP was reiterated Buy by Citi with a $600 price target after new data pointed to accelerating e-commerce adoption. Citi said the platform had 13,105 global e-commerce clients as of September 18, up 5.1% week over week, the fastest growth rate in 5 months. International merchant growth accelerated 11.5% week over week, outpacing the U.S., while quarter-to-date weekly growth averaged 2.0%, implying roughly 11,600 e-commerce stores on the platform by Q3 2026. 8. Apple $AAPL unveiled a new Mac mini and Mac Studio, with a major focus on on-device AI performance. The new Mac mini features the M6 chip and delivers up to 4x faster AI performance, starting at $899. The new Mac Studio is powered by the M5 Max or M5 Ultra, with the top configuration offering up to 512GB of unified memory, 1.2TB/s of memory bandwidth, an 80-core GPU, and the ability to run large language models entirely on-device. Apple is also introducing Thunderbolt 5 with RDMA, enabling multiple Mac Studios to be linked together for up to 3x faster distributed AI inference. The Mac Studio starts at $2,499, while the M5 Ultra model starts at $5,499. 9. IonQ $IONQ said it has demonstrated what it calls the industry's first end-to-end real-time quantum error correction decoder running on a standard off-the-shelf CPU. The system was tested on benchmark circuits simulating up to 408 logical qubits and more than 31.5M quantum operations, while adding as little as 0.02% processing overhead. The decoder runs continuously in the background, enabling quantum error correction without interrupting quantum execution. IonQ said the milestone supports its Walking Cat architecture and its roadmap toward quantum systems capable of controlling thousands of qubits. 10. China imported 1,141 tonnes of gold during the first 8 months of 2026, the largest amount ever recorded for that period and already more than the country's total gold imports for all of 2025. At the current pace, annual imports are on track to exceed 1,700 tonnes for the first time. Chinese gold ETFs also added 44 tonnes over the first eight months of the year, up 18% year over year. The surge has been driven by strong investment demand, economic uncertainty, and a stronger yuan, which has made overseas gold purchases more attractive. 11. Spot Bitcoin ETFs attracted $999M in inflows on Monday, their largest daily intake since October 2025 and the 9th-largest daily inflow since U.S. Bitcoin ETFs launched in January 2024. The move followed another strong session on Friday, when the funds brought in $433M. Demand was led by $IBIT, which attracted $381M, its third-largest daily inflow since launch, bringing its total over the last 3 trading days to $665M. So far in September, spot Bitcoin ETFs have attracted $1.3B in inflows after pulling in $3.5B during August, highlighting continued institutional demand for Bitcoin exposure. 12. President Trump disclosed 1,156 securities transactions made on his behalf in July, totaling roughly $79M–$270M, including at least $43.6M in purchases and $35.6M in sales. The largest disclosed transactions were $5M–$25M sales of $MSFT Microsoft and $AMZN Amazon on July 20, followed three days later by smaller purchases in both companies. Other notable moves included selling $1M–$5M of Oracle while buying stocks such as $NVDA Nvidia, $INTU Intuit, $MRVL Marvell, $CRM Salesforce, and $CHD Church & Dwight, alongside significant rotation through ETFs, Treasuries, municipal bonds, and international bond funds. The White House said the portfolio is independently managed by third-party financial institutions and that neither President Trump nor his family directs the trades. The July filing follows 1,051 disclosed transactions in June, while Trump's 2025 annual financial disclosure reported more than 21,000 trades across 8 accounts. WALL STREET IS THE GREATEST SHOW ON EARTH.