Grayscale Bitcoin Mini Trust ETF

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. OpenAI told investors its annualized revenue was approaching $50B at the end of September, according to the Financial Times, below the roughly $70B figure that had been widely reported last month. The discrepancy reportedly reflects differences in accounting methods, with Anthropic including revenue generated through cloud partners such as AWS and Google Cloud, while OpenAI does not. Investors had attempted to adjust OpenAI’s figures to make them comparable with Anthropic’s, contributing to the higher estimate. The report weighed on AI infrastructure sentiment, with several semiconductor stocks falling roughly 5–7% as investors reassessed near-term AI spending expectations. OpenAI declined to comment.

2. The September FOMC meeting minutes showed that most Federal Reserve officials expect another interest rate hike by year-end, reinforcing the central bank’s higher-for-longer stance. All 19 Fed officials supported the September rate hike, reflecting unanimous concern that inflation remains above target. The minutes also said almost all policymakers believe inflation risks remain tilted to the upside, with several officials warning that the accelerating AI investment boom could increase demand faster than supply, adding to inflationary pressures.

3. Elon Musk said today that he sees an extraordinary long-term future for $SpaceX(SPCX.US) SpaceX, writing: “This will sound super crazy, but I see a path to SpaceX being worth orders of magnitude more than the current Earth economy.”

4. Goldman Sachs upgraded Palantir $Palantir Tech(PLTR.US) to Buy with a $230 price target, while Barclays initiated coverage with a Buy rating and a $265 price target. Goldman argued that Palantir’s total addressable market is entering another step-function expansion, driven by the rise of sovereign AI, bespoke enterprise AI applications, and the company’s increasing verticalization strategy. The firm also highlighted Palantir’s Forward Deployed Engineer (FDE) model as a key competitive advantage, noting that its tight feedback loop between customer deployments and product development has become so refined that Palantir is now able to automate portions of the FDE workflow with AI-powered FDEs. Goldman believes these dynamics further strengthen Palantir’s long-term competitive position as enterprise AI adoption accelerates.

5. Zeta $Zeta Global(ZETA.US) unveiled AthenaOS, an enterprise intelligence operating system designed to dynamically organize AI, applications, and workflows around a specific business objective by combining proprietary enterprise knowledge with intelligence from the Zeta Data Cloud. The company also introduced Athena MCP, which allows Athena’s intelligence to plug directly into existing enterprise tools, including ChatGPT, Claude, and Gemini, while preserving enterprise data governance and control. Zeta also launched the Athena Inference Model (AIM), a suite of specialized AI models built with Fireworks using NVIDIA Nemotron, and said it has begun developing a specialized AI chip and supporting data center infrastructure with a leading semiconductor partner through a capital-light approach. AthenaOS is currently in limited internal beta, with a public beta planned later this year and general availability targeted for Q1 2027.

6. Starbucks $Starbucks(SBUX.US) has reportedly explored a potential takeover of Chipotle $Chipotle Mexican Grill(CMG.US) in what would rank among the largest restaurant acquisitions ever. A combination could significantly accelerate Chipotle’s international expansion by leveraging Starbucks’ global network of more than 41,000 stores, established licensing partners, and extensive real estate relationships. At the same time, any transaction would face substantial financing, integration, and execution challenges given the size of the deal and the complexity of combining two of the world's largest restaurant brands.

7. The top 10 most active options today by contracts traded were $NVIDIA(NVDA.US) with 2.9M contracts, $AT & T(T.US)esla(TSLA.US) with 1.3M contracts, $Intel(INTC.US) with 1.2M contracts, $Micron Tech(MU.US) with 1.1M contracts, $Apple(AAPL.US) with 1.0M contracts, $SpaceX(SPCX.US) with 1.0M contracts, $Palantir Tech(PLTR.US) with 927K contracts, $Amazon(AMZN.US) with 635K contracts, $Oracle(ORCL.US) with 635K contracts, and $IREN(IREN.US) with 612K contracts.

8. The U.S. Pentagon has reportedly instructed the military to complete preparations for a potential resumption of major combat operations against Iran, according to Axios. U.S. and Israeli sources told the outlet that renewed operations could occur before the midterm elections, while a White House official said President Trump “has all options available at any time.” The report also said Trump's national security team met at Camp David on Friday to discuss possible scenarios for restarting large-scale military operations. The developments come as the administration continues weighing both military and diplomatic options in its approach toward Iran.

9. Broadcom $Broadcom(AVGO.US) is reportedly seeking more than $50B in financing for OpenAI’s custom AI chip program, according to the Wall Street Journal, with Apollo and Blackstone among the firms approached to participate. The financing could support several gigawatts of custom AI chip capacity, with a transaction targeted before year-end, though discussions remain preliminary and the size could change. OpenAI’s internally developed chip initiative, known as “Nexus,” includes its first two generations, “Jalapeño” and “Serrano,” and builds on the companies’ previously announced plan to deploy 10 GW of custom AI chips using Broadcom’s networking technology between the second half of 2026 and 2029.

10. Bitcoin $Grayscale Bitcoin Mini Trust ETF(BTC.US) fell to around $81,000 down roughly 3% on the day and about 6–8% from the $87,000 highs reached earlier this week, with an intraday low near $80,300. The selloff appears to be a broad risk-off move rather than the result of a single headline, driven by Brent crude above $105, rising inflation concerns, expectations for another Fed rate hike after the September FOMC minutes and comments from Governor Christopher Waller, and a 10-year Treasury yield near 5.3%. Pressure was compounded by roughly $485M in U.S. spot Bitcoin ETF outflows on October 7, approximately $1–1.16B in crypto liquidations, mostly long positions, and blockchain data showing wallets linked to the U.S. government moving about 12,267 BTC from a seized Bitfinex wallet, adding to concerns about potential future supply. Altcoins underperformed Bitcoin throughout the session, consistent with a broader leverage-driven unwind across the crypto market.

11. Since the start of 2025, U.S. nonfarm payrolls have been revised lower in 16 of the last 20 months, removing a cumulative 793,000 jobs from previously reported figures, an average downward revision of roughly 39,650 jobs per month. The latest revisions reduced July and August payrolls by a combined 60,000 jobs, continuing a pattern of consistent downward revisions that has persisted since 2023. If that average revision were applied to the initially reported 29,000 jobs added in September, it would imply a decline of roughly 10,650 jobs instead. That would mark the third monthly contraction in payrolls during 2026, following declines of 156,000 in February and 10,000 in July.

12. SpaceX $SpaceX(SPCX.US) has agreed to acquire Grain Management’s nationwide portfolio of 800 MHz low-band spectrum licenses, a move Elon Musk called “the last critical piece of the spectrum puzzle” needed for Starlink to become a major U.S. mobile carrier. The company plans to combine its satellite network with a terrestrial mobile network, using the newly acquired low-band spectrum alongside Starlink’s existing 2 GHz holdings to improve indoor coverage and expand service into areas with weak or no cellular reception. Separately, the FCC approved a new constellation of 15,000 SpaceX satellites for direct-to-device mobile services, further advancing Starlink’s wireless ambitions. The announcement pressured telecom stocks after hours, with AT&T $AT & T(T.US) falling 6.75%, Verizon $Verizon(VZ.US) down 5%, and T-Mobile $AT & T(T.US)MUS declining 5.4%, as investors weighed the prospect of a new nationwide competitor. The spectrum acquisition remains subject to FCC approval and other customary closing conditions, with financial terms undisclosed.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit

A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.

Here's a full recap:

1. Crypto markets saw their seventh-largest liquidation event on record, with $3.5B in leveraged positions wiped out over 24 hours. Despite the forced liquidations, the total crypto market cap added roughly $280B in the same period as $Grayscale Bitcoin Mini Trust ETF(BTC.US) Bitcoin crossed $72K and $ETH Ethereum moved above $2,300. The rally came alongside renewed optimism around the CLARITY Act and broader tokenization legislation.

2. Treasury Secretary Bessent said the U.S. Treasury will assess bond market conditions and take further action if needed, while focusing on fundamentals and keeping the market in equilibrium. He said U.S. yields do not reflect underlying fundamentals and that liquidity in the 30-year is “particularly poor,” while also arguing that rates had “nothing to do” with the buyback decision. Bessent reiterated that the U.S. continues to have a strong dollar policy, said 2026 tariff income should be similar to 2025, and added there is a “very good chance” the U.S. has already seen peak deficit. On Iran, he said the U.S. is pursuing “maximum pressure,” with coordinated economic isolation and action against countries doing business with Tehran, while adding that China and others want the Strait of Hormuz reopened.

3. Anthropic is reportedly adding Citigroup to its IPO bank lineup, joining Morgan Stanley, Goldman Sachs, and JPMorgan among the lead banks working on the listing. The company is considering filing as soon as the end of August, with more banks expected to join the deal. Anthropic is expected to debut ahead of OpenAI and is also expanding a pre-IPO credit facility beyond its roughly $10B target. If Anthropic tries to raise more than SpaceX, it could become the largest IPO ever, underscoring how intense investor demand has become for frontier AI companies.

4. Deutsche Bank reiterated its Buy rating and $200 price target on Palantir $Palantir Tech(PLTR.US), saying the company continues to stand out in turning AI demand into measurable customer value while combining strong growth with profitability. The firm said Palantir’s Bootcamp reinforced its view that Ontology, AIP, and sovereign AI capabilities create durable differentiation as enterprises move AI into production. Deutsche Bank highlighted AIP Evolve as a key product for optimizing AI workflows across quality, cost, latency, and control, with the ability to test frontier, open-weight, and proprietary models, reroute workloads, rewrite prompts, or replace unnecessary model calls with deterministic code. The firm said this creates “model liquidity,” while AutoTune helps customers fine-tune models using governed workflow feedback, keeping proprietary knowledge inside their own environment and addressing major barriers to scaled enterprise AI.

5. Amazon $Amazon(AMZN.US) plans to invest more than $2B across Latin America from 2027–2030 through Prime Video, focused on original content and live sports. The company expects to more than double its Originals across 5 major markets, while also expanding NBA coverage and third-party streaming access. The push shows Amazon continuing to use Prime Video as both a content platform and a broader ecosystem driver across international markets.

6. Supermicro $Super Micro Computer(SMCI.US) said an independent investigation found no evidence that current senior management knew about the alleged export-diversion scheme involving two former employees and a contractor. The review also found no direct sales of restricted products to known restricted parties and no related issues with previously issued financial statements. Supermicro said it has terminated employees for policy violations, added new export-compliance measures, and continues to cooperate with government investigations.

7. Walmart $Walmart(WMT.US) fell 8% and posted its worst day since May 2022 after reporting its slowest U.S. comparable-sales growth in more than 6 years. Q2’27 revenue came in at $187.9B versus $186.7B expected, up 5.9% YoY, while adjusted EPS was $0.81 versus $0.74 expected. Net income reached $6.5B, above estimates of $5.91B, and global eCommerce sales grew 23%. But U.S. comps rose just 2.6%, missing the 3.7% estimate, while Q3 adjusted EPS guidance of $0.62–$0.64 came in below the $0.68 expected. Management said consumers remained stretched, especially by higher gas prices, while lower pharmacy pricing also weighed on sales.

8. SpaceX $SpaceX(SPCX.US) and AST SpaceMobile $AST SpaceMobile(ASTS.US) are reportedly interested in acquiring 800 MHz spectrum licenses valued around $6B. The licenses cover nearly the entire U.S. population and could support direct-to-device satellite voice services. Preliminary bids are due in early September, with the FCC aiming to complete the process by November 5.

9. The top 10 most active options today by contracts traded were $NVIDIA(NVDA.US) with 2.1M contracts, $Tesla(TSLA.US) with 1.7M contracts, $SpaceX(SPCX.US) with 1.1M contracts, $Apple(AAPL.US) with 1.0M contracts, $Strategy(MSTR.US) with 746K contracts, $Intel(INTC.US) with 739K contracts, $Micron Tech(MU.US) with 679K contracts, $Moderna(MRNA.US) with 629K contracts, $Walmart(WMT.US) with 627K contracts, and $Amazon(AMZN.US) with 614K contracts.

10. The median value of U.S. consumers’ stock market investments has climbed to a record $350K, including holdings in individual stocks, mutual funds, 401(k) s, and IRAs, as per Schwab. That figure has more than doubled over the last two years and is up $150K, or 75%, since January alone. Before 2024, the median value had never meaningfully surpassed $150K.

11. Micron $Micron Tech(MU.US) is committing $10B over the next decade to build Micron Research Labs, a new long-term U.S. research hub based in Boise focused on advanced memory, compute architectures, chip packaging, and next-generation semiconductor manufacturing. The company expects to break ground in 2027, with the flagship facility designed to house hundreds of researchers. The investment is separate from the more than $250B Micron has already planned for U.S. manufacturing and R&D.

12. Broadcom $Broadcom(AVGO.US) is reportedly seeking more than $60B in financing tied to its latest AI deal, with the full package potentially reaching nearly $100B. The structure could include $60B–$70B of senior secured debt plus roughly $30B of junior debt, while Broadcom is also discussing guaranteeing part of the senior-secured tranche. Apollo and Blackstone are in talks to participate, with the debt potentially issued through a special-purpose vehicle. The financing would help Anthropic and other AI companies secure Broadcom chips and infrastructure, and could be rolled out in stages rather than all at once.

WALL STREET IS THE GREATEST SHOW ON EARTH.

Source: amit

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $CleanSpark(CLSK.US) CleanSpark Signs $𝟲.𝟲 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 AI Data Center Lease With Global Technology Company

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗖𝗹𝗲𝗮𝗻𝗦𝗽𝗮𝗿𝗸 signed a 𝟮𝟬-𝘆𝗲𝗮𝗿 triple-net (NNN) data center lease.

➤ Lease is expected to generate $𝟲.𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in contracted revenue.

➤ Contract value could reach $𝟭𝟭.𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 with extension options.

➤ Agreement covers 𝟭𝟳𝟱 𝗠𝗪 of critical IT load in Sandersville, Georgia.

➤ Infrastructure deliveries are expected to begin in 𝗤𝟰 𝟮𝟬𝟮𝟳.

➤ Tenant is a 𝗵𝗶𝗴𝗵 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁-𝗴𝗿𝗮𝗱𝗲 global technology company.

➤ Expected cumulative 𝗡𝗢𝗜 contribution margin is nearly 𝟭𝟬𝟬%.

➤ Average annual 𝗡𝗢𝗜 contribution is projected at approximately $𝟯𝟯𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ July Bitcoin production totaled 𝟱𝟴𝟲 𝗕𝗧𝗖, bringing 2026 production to 𝟰,𝟯𝟭𝟬 𝗕𝗧𝗖.

➤ Bitcoin holdings increased to 𝟭𝟯,𝟵𝟯𝟭 𝗕𝗧𝗖 as of July 31, 2026.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Marks CleanSpark's first major 𝗛𝗣𝗖 data center leasing agreement.

➤ Diversifies revenue beyond Bitcoin mining into long-term AI infrastructure.

➤ Provides highly visible, recurring cash flows through a multi-decade contract.

➤ Highlights accelerating enterprise demand for AI-ready data center capacity.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁:

𝗠𝗮𝘁𝘁 𝗦𝗰𝗵𝘂𝗹𝘁𝘇, CEO and Chairman of CleanSpark:

"July was a transformative month for CleanSpark with the execution of our first HPC data center lease at our Sandersville campus. This was a 20-year true triple-net lease directly with a high investment-grade leading global technology company resulting in $6.6 billion in contracted revenue with a nearly 100% NOI margin. Our business is executing on parallel paths as we focus on commercialization and continue expanding our power and land portfolio while driving mining productivity."