The Data Management Summit NYC is tomorrow 🗽 3:05 @rodventures keynotes on more data at lower cost, and the case for AI-enabled specialization. 3:25 Craig Tutterow joins the panel on building a defensible audit trail for agentic workflows. @ Ease, 605 Third Ave, 7th floor. Come find us 🤝 #DMSNYC#

If you’re in NYC today, come find us at the Data Management Summit. Edge & Node CEO @rodventures takes the stage for a keynote at 3:05 PM, followed by our very own Craig Tutterow joining a panel at 3:25 PM. We also have a booth in The Gallery, we’d love to meet you. Secure your delegate pass here: #DMSNYC# #DataManagementSummitNYC# #DataManagement# #DataStrategy# #CapitalMarketsTech# #InstitutionalTrading#

Robinhood’s Daniella Corricelli joins @Nasdaq’s Devin McCarthy and Chat With Traders host Kevin Avery to talk about market data, AI-powered discovery, and how traders are finding new ways to make sense of what’s happening in the market. Only on stage at HOOD Summit ‘26 on September 30.

🟥 Things I'm looking at today 🟥 Powered by @yeet Subscribe: Crypto rips, ATH shorts liquidation, Treasury expands buybacks Crypto * BTC: 71,890 (+12%) | BTC.D: 58.9% (+0.2%) * ETH: 2,281 (+19%) | BNB: 645 (+7%) | SOL: 87 (+13%) * Fear & Greed: 61 | 24h Liq: $3.02b * BTC ETFs: +$517M | ETH ETFs: +$18M * Top Gainers: HYPE, ZBCN, LIT, SPX, PEPE * Crypto, Gold rip as Treasury doubles debt buybacks * Largest short liquidation event in crypto history * CFTC working to onshore Hyperliquid, HYPE surges * US military runs a Bitcoin node: Admiral * US has discussed buying sizable BTC: Trump * Trump meets crypto CEOs at WH summit * BTC rally is local, not a trend reversal: Glassnode * BTC primed for a big breakout: Fidelity * Zhibao adds 2,380 BTC in $154.7m DAT pivot * Final GENIUS Act rule lands by Nov: OCC * FWAir launch details released * Grayscale files fourth amendment for Zcash ETF * Ethena, FalconX open $1b USDe credit line * Coinbase adds Hyperliquid perps to Base * Kraken freezes $4.2m in HTX poisoning scam * Rapid7 finds AI-built crypto phishing kits * Ripple raises $275m for prime brokerage * HSBC, StanChart do first Swift tokenised deposit * Nethermind quits LayerZero for Chainlink * BitGo Korea first foreign firm to win VASP Macro * NASDAQ: $26,330 (+0.2%) | Gold: $4,490 (-0.7%) * Stocks up as double treasury buybacks calm yields * Gold, Silver add $1.3T to market cap * Moderna rips on cancer vaccine, up 212% * Inflation risk skewed to upside: Fed minutes * Trump sets first GOP midterm convention * Trump cuts refundable tax credits for illegals * US secretly moving oil via Strait of Hormuz * Trump declares 'Economic D-Day' against Iran * US has not released any frozen assets: Iran * US to halve tariffs on Canadian steel, aluminium * Russia detects extensive NATO air activity * Russia launched massive missile attack on Kyiv * Ukrainian drones hit the Ufa oil refinery * Japan posts record July exports, imports * Israel halts all defence exports to Qatar * South Korea pushes for military independence * Rice prices are up 50% so far in 2026 * US ground beef hits record $7.10/lb AI & Tech * KOSPI rallies, as SK hynix unveils ~$29bn buyback * AI debt supply crowds out Treasury issuance * Coders find workarounds to Claude watermarks * Codex hits 20m weekly active users * AI helped designed Moderna's cancer vaccine * Google adds AI study tools to Search, Gemini * Stripe tells investors 'the singularity' has begun * Stripe buys AI marketplace OpenRouter * Google gets the right to buy $12.2B of Marvell * AI chip shipments to rise 43% in 2027: JP Morgan * Rillet raises $100M at a $1B valuation * Loudoun County eyes $1.3B data center tax * AI chain gun fires steerable anti-drone rounds * Flock's AI tool goes beyond plate tracking * Cognition denies SpaceX takeover attempt report * Valve leaks nearly all about its Steam Frame @YEET: Crypto's Casino Just passed $3.1B in lifetime volume! gm

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY. Here's a full recap: 1. FOMC decision week began with a clear AI rotation: long software, short semis. Nvidia $NVDA, Marvell $MRVL, Sandisk $SNDK, AMD $AMD, Nebius $NBIS, Micron $MU, CoreWeave $CRWV, and Intel $INTC were down 3%-7%, while Palantir $PLTR, Atlassian $TEAM, CrowdStrike $CRWD, ServiceNow $NOW, Adobe $ADBE, and Intuit $INTU were up 2%-5%. The move reflected a market trying to reprice the AI trade after the weekend’s safety debate around Dario’s essay. Semis and neoclouds sold off because their bull case is tied directly to continued AI capex growth which the market interpreted as slowing down if the pace of frontier model development slows down. At the same time, Trump rejected the calls to slow down as he posted that AI needs a “STRONG AND SMART” president rather than guardrails, said the U.S. was leading China in AI, and separately said Iran wanted to make a deal and that the US was open to engaging. Oil crossed $105 and the US 10-year treasury yield crossed 5%. The Fed will make their decision for a rate hike on Wednesday. 2. Palantir $PLTR, Nvidia $NVDA, and Booz Allen Hamilton are reportedly restricting Anthropic’s Fable model for sensitive work over concerns about its data-retention policies, according to The Information. Some enterprise customers are demanding irrevocable zero-data-retention guarantees before putting proprietary information into the model. Anthropic reportedly introduced rolling 30-day usage logs for safety monitoring in June, while its planned option for eligible customers to store logs themselves can still be revoked. Palantir is withholding Fable from its platform until it receives irrevocable zero-data-retention guarantees, Nvidia is limiting Fable to less-sensitive work while using Nemotron for sensitive internal projects, and Booz Allen is excluding Fable from work involving its proprietary cybersecurity software. 3. Trump called Jensen Huang during the All-In Summit and was put on speaker phone, where he defended the AI data center buildout and pushed back on recent concerns. “I'm telling you it's all a hoax. The data centers are great. They make people wealthy. They make states wealthy. AI is bigger than the internet. These people are playing right into the hands of China. We're not going to let that happen,” Trump said. Jensen responded, “You're right, we're not going to let that happen sir.” Jensen also said the fears from over the weekend were made up and that the companies involved have the control they need to navigate the concerns. 4. OpenAI has acquired Glass Imaging, an AI camera startup founded by former Apple engineers, for more than $300M. Glass is working to bring DSLR-like image quality to smartphones, and the deal comes as OpenAI and Jony Ive continue developing new consumer hardware. OpenAI’s exact plans for Glass remain unclear, but the acquisition is notable given Glass was valued at roughly $100M just last year. 5. Truist initiated Nebius $NBIS at Buy with a $355 price target, calling it a scaling AI-native hyperscaler still early in its infrastructure buildout. The firm believes consensus 2027E ARR estimates are conservative given recent pricing of $20M-$25M/MW for 1-3 year deals and $40M-$50M/MW for shorter-duration contracts. Truist sees a major opportunity ahead, estimating a $2.1T annual revenue opportunity at the cloud layer by 2030E, with scarcity and contract economics supporting upside to pricing and revenue. The firm also sees multiple paths for Nebius to reach 20%-30% adjusted EBIT margins over the medium term. 6. The top 10 most active options today by contracts traded were $NVDA with 3.2M contracts, $TSLA with 2.4M contracts, $AAPL with 1.6M contracts, $MU with 1.1M contracts, $AMZN with 957K contracts, $META with 906K contracts, $MSFT with 874K contracts, $INTC with 835K contracts, $GOOGL with 734K contracts, and $SPCX with 688K contracts. 7. U.S. consumers aged 40-49 now account for 26.8% of new consumer bankruptcies, their highest share since Q3 2015 and the largest of any age group. The 50-59 group represents another 23.1%, bringing Americans aged 40-59 to 49.9% of all new consumer bankruptcies, the highest share since Q1 2017. For perspective, that figure peaked at 54.3% in Q4 2011 after the 2008 Financial Crisis. Consumers aged 70+ now make up 21.5% of new bankruptcies, their highest share since Q2 2017, while Americans aged 18-29 account for just 5.9%, the lowest since Q2 2014. 8. JPMorgan upgraded IREN $IREN to Overweight and raised its price target to $65 from $46, saying the company is emerging as a top-tier neocloud provider. JPM cited IREN’s NVIDIA partnership, stronger customer momentum, and rising AI infrastructure pricing, noting neocloud contracts have moved from roughly $10-$15/W to $15-$20/W+, while customer prepayments of 25%-50% are helping fund GPU purchases. IREN has raised its year-end 2026 ARR target to as much as $4B, with roughly $1B of operating ARR today. JPM also highlighted IREN’s Microsoft buildout, recent deal with an unnamed frontier AI lab. Looking into 2027, JPM believes IREN’s planned ~0.5 GW expansion could command materially higher pricing, with deals above $15/W creating significant upside to the outlook. 9. Global semiconductor revenue hit a record $425B in Q2 2026, up 31.4% QoQ, according to Omdia. Memory accounted for more than half of total revenue, driven by AI demand and rising DRAM, NAND, and NOR pricing. Even excluding memory, semiconductor revenue grew more than 10% QoQ, well above the historical Q2 average of just over 3%. The industry generated $752B in revenue in the first half of 2026 alone, and Omdia expects Q3 revenue to surpass $500B, pushing the first nine months of 2026 above $1.25T. 10. Apple $AAPL has begun rolling out its new Siri AI in beta with iOS 27, adding personal context across messages, emails, and photos, plus onscreen awareness and systemwide app actions. The new Siri can find information across a user’s device, understand what is on screen, draft emails, add calendar events, and take actions across supported apps. Apple says the new Apple Intelligence architecture uses its own foundation models built in collaboration with Google Gemini, with processing split between on-device models and Private Cloud Compute. 11. U.S. diesel prices have officially risen to a record $6.20/gallon, up 78% over the last 9 months. In California, diesel has surged to a record $8.14/gallon, with some areas approaching $9.00/gallon. The spike comes as the U.S. enters peak diesel-demand season while supply remains historically tight. Jet fuel is also surging, now at $4.35/gallon, up 61% over the last 10 weeks, with prices rising another 10% in the past week as U.S. oil pushes above $100/barrel. Airline fares were already up 23% YoY in August, and if fuel stays elevated, September CPI could show fares rising as much as 30%. 12. The Clarity Act $BTC $ETH moved back into focus after Senate Republicans released a “final” draft ahead of Tuesday’s cloture vote, saying the text includes 126 Democratic-requested changes after more than a year of talks. The bill still needs 60 votes to advance, with Republicans holding 53 seats. Key updates include new ethics language requiring covered officials and spouses to divest certain crypto interests or place them in a qualified blind trust, a role for state attorneys general in enforcement, and a Treasury “circuit breaker” that could restrict stablecoin rewards if payment stablecoins trigger major deposit flight from community banks. The U.S. Senate is scheduled to hold a key preliminary cloture vote on the Clarity Act on Tuesday afternoon, September 15, 2026, at approximately 2:15 PM ET. WALL STREET IS THE GREATEST SHOW ON EARTH.

We're excited to sponsor the @neudatalab New York Summer Data Summit on June 11! If you're attending, stop by Booth AN on Floor 1 to learn how investors are leveraging YipitData's growing suite of proprietary and exclusive alternative datasets to generate alpha, forecast KPIs, and build conviction across sectors. If you'd like to meet with our team during the event, schedule time with us using the link here: #alternativedata# #neudata#

Our CEO @rodventures is keynoting the Data Management Summit New York on Sept 17. More Data, Lower Costs: The Case for AI-Enabled Specialization. AI is making more data. AI is also making the systems that handle it cheaper to build. He'll show how those two things meet at scale. 3:05 PM. NYC. Hope to see you there

The Edge & Node team will be at the Data Management Summit NYC this Thursday. 3:05 : @rodventures keynotes on more data at lower cost, and the case for AI-enabled specialization. 3:25 : Craig Tutterow joins the panel on building a defensible audit trail for agentic workflows. @Ease, 605 Third Ave. #DMSNYC# We hope to see you there!

Craig Tutterow, our Director of Data, takes the stage at 3:25 PM on September 17th at the Data Management Summit New York. The panel: Proving Your AI: Building a Defensible Audit Trail for Agentic Workflows in a Regulated Environment. Regulators are asking firms to show their work on AI decisions. Most governance frameworks were built for a different era. Craig and the panel get into what a defensible audit trail looks like now. 40 minutes, moderated by Pete Harris of the A-Team Group.

All-In-Summit 2nd speaker: Dina Powell McCormick president and vice chair Meta. Gave impassioned (and correct) defense of data center buildout showcasing how it has revitalized Richland Parish, Louisiana when they started their data center project there 20 months ago. Average salary there was $38K before the $20B data center build out project. Needless to say it has revitalized the economy. They just announced $50K bonuses for their teachers. They now have tons of inbound of the best teachers in the State wanting to work there. Louisiana is now courting data center builders from around the country to build in the State using Meta’s Richland Parish deal as the template. Water, of course, has been a nonissue. The data center uses less water than the farms that previously existed there used. Meta paid for its own electricity generation, storm mitigation upgrades, etc. Meta also touted their Workforce Academy training program for data center techs of all kinds. It’s been so successful that other companies like GM are wondering how they can get involved. JCal asks about Facebook lawsuit settlementment. 52 attorney generals agreement. Facebook now shuts off after 2 hours for children under 18. Wants YouTube and TikTok to join. Meta Glass, what’s the sticky use? Conversation focus is a big one. In a crowd, when you look at someone, the speakers will enhance that conversation and mute others. I could have used that yesterday on the shuttle bus when talking to an Aussie on a very noisy and crowded shuttle bus.