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Summary:
The upgraded JST Buyback and Burn program features the following highlights:
$50M Treasury Reserve Cushion: Establishes a safety buffer for sustainable ecosystem operations.
Expanded Funding Sources: Integrates GasFree revenue alongside JustLend and USDD to cover 100% of JUST core products.
~$20.34M Capital Injection: Unlocks legacy surplus funds to be released in phases for future buybacks.
JUST DAO Execution: Complete on-chain execution with full transparency and open-source verification.
Following its recent brand refresh on October 23, JUST—the flagship on-chain DeFi infrastructure on TRON—officially unveiled its upgraded JST Buyback & Burn initiative that strengthens the value-accrual framework of the native governance token. Building on previous funding sources from JustLend and USDD, the upgraded mechanism incorporates business revenue from GasFree while allocating $20.34 million in capital surplus to future token repurchases. These changes diversify the protocol’s revenue base and set a structured process for deploying surplus capital.
The updated framework expands JST buyback funding from a dual-revenue stream (i.e., JustLend and USDD) to a more robust three-pillar model (i.e., JustLend, USDD, and GasFree), reinforced by phased injections of existing funds. Beyond simply adding capital, this upgrade ensures that growth in each JUST product line directly accrues to JST’s underlying value. It underscores JUST’s long-term commitment to token value accrual while tightly aligning protocol incentives with JST holders and the broader community.
As the native governance token of the JUST ecosystem, JST’s underlying value support and utility mechanisms have always been a central focus for the community. With the successful completion of the 5th buyback and burn on October 16, Phase 1 of the JST Buyback and Burn program concluded smoothly, paving the way for the upgraded mechanism alongside JUST’s broader brand refresh.
According to the Announcement: Upgrade to the JST Buyback & Burn Mechanism, the newly updated framework outlines key structural arrangements across five core areas, establishing clear risk boundaries while securing a more stable and predictable capital foundation for future buybacks:
$50M Treasury Safety Floor: A baseline reserve of at least $50 million will be maintained long-term to manage risk scenarios, guarantee liquidity, and ensure protocol solvency under extreme market conditions.
More Diversified Funding Sources: The upgraded model integrates GasFree revenue alongside existing JustLend and USDD streams, extending buyback capital across all three core JUST product lines. Specific sources now include revenue from JustLend’s sTRX staking and SBM, GasFree income, and the USDD protocol revenue exceeding the $10 million threshold.
Structured Surplus Capital Deployment: All protocol funds above the $50 million treasury reserve floor are dedicated entirely to JST buybacks. An initial $20.34 million—sourced from cumulative GasFree earnings and surplus treasury reserves above the safety floor—has been unlocked, and will be deployed across four buyback rounds starting in Q4 2026.
Buyback & Burn Execution: The protocol is adopting a “continuous buyback, periodic burn” approach. Funded by 100% of revenue across all product lines, open-market buybacks will adjust dynamically to prevailing market depth and liquidity, with accumulated tokens burned on a regular schedule.
On-Chain Governance: All buybacks and burns will be executed by JUST DAO. Key financial figures will be disclosed to the community on a regular basis, and every transaction will remain fully verifiable on-chain.
Compared to Phase 1, this upgrade introduces three structural shifts:
Clearer capital boundaries. The $50 million reserve floor creates a solvency backstop while defining the boundaries of capital eligible for buybacks.
More diversified funding sources. Rather than relying primarily on JustLend and USDD, integrating GasFree extends revenue capture across the entire JUST ecosystem. Meanwhile, deploying roughly $20.34 million in surplus funds across future tranches smooths buyback execution and ensures an orderly transition between mechanism phases.
Streamlined execution under unified governance. By adopting a “continuous buyback, periodic burn” strategy, the consolidated JUST DAO (formerly JustLend DAO) takes full operational ownership of buybacks and burns. This aligns governance and execution under a single authority, matching JUST’s brand consolidation and holistic governance roadmap.
In essence, the updated mechanism follows a clear tripartite playbook: secure the downside, deploy surplus capital, and compound with organic growth. It first anchors ecosystem stability with the $50 million reserve floor, primes buyback momentum by releasing roughly $20.34 million in surplus funds, and then hands the baton to ongoing revenues from all three verticals—turning JST buybacks into a sustainable, business-backed deflationary engine.
GasFree Poised to Become the Second Growth Engine for JST Buybacks After JustLend
The integration of GasFree revenue represents the key highlight of this mechanism upgrade. Scheduled to begin capital allocations in Q4 2026, GasFree has demonstrated strong cash-flow generation and is positioned to become the second growth engine for JST buyback funding after JustLend.
Built on TRON, GasFree is a native gasless solution that lets users pay transaction fees directly with the tokens they transfer, removing the friction of holding TRX or other native tokens just to move funds. By enabling single-asset fee settlement, GasFree eliminates one of the most stubborn usability hurdles in on-chain transfers. The service currently supports gasless transfers for both USDT and USDD.
Operationally, GasFree’s user base and network activity continue to climb at a rapid pace. As of October 23, GasFree has processed over $157.1 billion in cumulative stablecoin transfer volume across more than 9.14 million transactions, serving an aggregate user base exceeding 500,000 unique addresses. This surging operational momentum provides the solid backing for GasFree to consistently fuel the buyback pool and establish itself as JST’s second major growth engine.
From a revenue standpoint, GasFree’s profitability is backed by hard data. It has proven to be a vital growth engine since its March 2025 rollout, generating approximately $12.03 million in cumulative revenue through Q3 2026. This performance underpinned the recent extraction of roughly $20.34 million in surplus funds, sourced directly from GasFree’s accrued earnings and surplus treasury holdings above the reserve floor.
As GasFree’s financial contribution accelerates, JST’s buyback-and-burn model enters a new stage of multi-business synergy. The token’s value-accrual mechanism is now deeply tied to the growth of the broader JUST ecosystem and fully synchronized with the protocol’s multi-product expansion.
Diversified Value Accrual: JUST’s Core Products Unite to Back JST
Under the updated mechanism, GasFree revenue is now directly allocated to JST buybacks, alongside qualifying net revenue from USDD. This marks a pivotal evolution: JST burns no longer rely solely on JustLend. Instead, they are fueled by a diversified, multi-product revenue base spanning JustLend, USDD, and GasFree.
This multi-pronged funding approach mirrors the broader JUST rebrand. Moving forward, JustLend, USDD, and GasFree unite under a single brand and user gateway—with JUST DAO steering cross-product governance, ecosystem synergy, and sustainable tokenomics for JST.
JST serves as the native governance token for the entire JUST ecosystem. Through this unified rebrand and the rollout of JUST DAO governance, JST’s value foundation now spans the protocol’s core utility layers: lending and resource markets via JustLend, decentralized stablecoin infrastructure via USDD, and gasless transfer settlement via GasFree. JST is no longer anchored to a single product line; its value capture is directly tied to the growth of the entire ecosystem.
As a pillar of TRON’s financial infrastructure, JUST commands roughly $12.2 billion in Total Value Locked (TVL)—consistently securing nearly half of the network’s total liquidity, with all three business pillars holding leading positions in their respective verticals.
Among them, JustLend remains foundational: having fully funded the initial phase of JST buybacks and burns, it now provides the core yield baseline under the upgraded mechanism. As of October 23, JustLend’s TVL surpassed $7.13 billion, with its supply-borrow market (SBM) driving approximately $3.71 billion, cementing its status as a global DeFi lending leader. In the staking sector, total TRX staked has crossed 9.83 billion. At the same time, through sTRX-powered Energy solutions, JustLend has become a primary Energy gateway for the TRON network, scaling both on-demand Energy purchases and long-term rental services.
Meanwhile, GasFree continues to scale as a key revenue driver. In late September, GasFree partnered with Binance Web3 Wallet to introduce TRC-20 USDT gas fee delegation. Users can now pay network fees directly in USDT without needing to hold TRX. Securing integration with a Tier-1 wallet validates GasFree’s business model and significantly expands its addressable market and fee-generation capacity.
As our ecosystem has grown, several early initiatives have been phased out or integrated, while our core offerings have matured. To sharpen our strategic focus, JUST has restructured its brand architecture around three flagship product lines and unified all governance and buybacks under JUST DAO. Alongside this upgrade, our redesigned official website is now live. Here are the key updates:
I. Core Product Architecture
JUST is an open finance network for the global on-chain economy, rooted in TRON and connected to global markets. It continuously repurchases JST using real business revenue. The ecosystem mainly focuses on the following three core product lines:
JustLend: Put TRON assets to work through lending, sTRX, and Energy services for higher efficiency.
GasFree: Pay transfer fees directly in USDT or USDD to make on-chain transactions frictionless for everyone.
USDD: Access stablecoin liquidity and yield opportunities through overcollateralized minting, PSM swap, and structured products.
Alongside these three products, several other ecosystem businesses make up the full JUST suite.
II. Governance and Buybacks Unified Under JUST DAO
JST serves as the core governance token across the JUST ecosystem, used to submit proposals and cast votes. Governance and buyback-and-burn operations are now formally unified under JUST DAO. Operations previously managed by JustLend Grants DAO have migrated entirely to JUST DAO, establishing a single governance hub across JustLend, USDD, GasFree, and other ecosystem initiatives.
JST's long-term value accrual is anchored in real protocol revenue generated across the ecosystem. Revenue from JustLend and GasFree will continue to fund JST buybacks, and net revenue from USDD exceeding $10 million will be allocated directly toward the buyback program. Historical buyback and burn records will be archived and detailed on the official analytics page, now under the JUST DAO name, to maintain full data auditing and traceability.
Governance infrastructure has also been migrated directly to the JUST official website, providing a single interface for ecosystem-wide proposals and voting.
III. New Official Website & Whitepaper
The redesigned JUST website is now live, featuring an integrated analytics dashboard and a dedicated buyback-and-burn tracker. All historical and ongoing burn metrics are updated regularly for full on-chain transparency.
The JUST Whitepaper has also been updated to detail the ecosystem's streamlined architecture, core product lines, and revised JST tokenomics.
Going forward, JUST DAO will continue to build long-term value for JST through a clearer business structure and more transparent data disclosure. We invite you to explore the new official website and the upgraded JUST ecosystem.
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Over the past year, JUST has completed five consecutive large-scale buyback-and-burn rounds, permanently removing 1.88B JST tokens from circulation and pushing cumulative deflation toward 19%. Following this milestone, the buyback and burn mechanism is set to undergo a comprehensive upgrade.
On October 17, JUST, the leading DeFi infrastructure in the TRON ecosystem, announced the completion of its fifth buyback and burn of its native token JST as scheduled. Over 170M JST were burned in this round (approx. 1.72% of total supply), backed by nearly $23.53M in capital deployed—all funded directly by JustLend DAO’s net operating revenue.
Over the past five rounds, a total of 1.88B JST tokens have been burned, driving the cumulative deflation rate past 19% with over $100M revenue deployed.
JST has reached a key operational milestone following this latest burn: the remaining 70% of JustLend DAO’s initial treasury reserves has been fully deployed according to the original plan. This marks the successful completion of the first phase , paving the way for a major mechanism upgrade.
170M+ Tokens (~$23.53M) Burned in JST’s Fifth Buyback Round
According to the official announcement released, the fifth JST buyback and burn was successfully completed. As a routine buyback for Q3 2026, a total of 170,723,144 JST tokens (approx. 170M) were burned, representing about 1.72% of the total token supply, with a total value exceeding $23.53M.
Maintaining similar levels of burn scale and capital investment to the previous four rounds, this burn round continues the stable, predictable execution cadence of JST buybacks and burns.
Looking further into the source of funds, the funds invested in this buyback and burn came entirely from JustLend DAO’s net operating income, specifically composed of two parts: the remaining $10.34M from JustLend DAO’s existing income and the $9.28M QoQ increase in Q3’s net income.
In terms of quarterly revenue performance, JustLend DAO’s Q3 net income remained steady compared to previous quarters. With quarterly earnings consistently anchored at the eight-figure ($10M+) level, the ecosystem’s core revenue streams continue to prove their resilience.
At the same time, deploying the remaining 70% of the initial revenue reserve means that the early-stage treasury reserve plan has officially reached its conclusion—setting the stage for a brand-new phase of the buyback program.
One Year, Five Burns: JST’s Price Soars 300% with $100M Deployed from JustLend DAO’s Revenue
From its launch in October 2025 to the fifth round on October 16, 2026, the JST buyback and burn mechanism has completed one full year of operation across five consecutive burn rounds. A total of approximately 1.881B JST tokens have been burned, representing a cumulative deflation rate of > 19% with more than $100M deployed from JustLend’s revenue.
A breakdown of the five buyback and burn executions is as follows:
– Round 1 (October 19, 2025): Burned ~559M JST (~5.66% of total supply), with ~$17.72M deployed.
– Round 2 (January 14, 2026): Burned ~525M JST (~5.3% of total supply), with ~$21M deployed.
– Round 3 (April 15, 2026): Burned ~271M JST (~2.74% of total supply), with ~$21.3M deployed.
– Round 4 (July 17, 2026): Burned a total of ~355M JST (~3.59% of total supply), with ~$34.59M deployed. In addition to the routine quarterly buyback, this round incorporated dedicated burn funds from USDJ’s historical stability fees (~$10.39M) for the first time.
– Round 5 (October 16, 2026): Burned ~170M JST (~1.72% of total supply), with ~$23.53M deployed.
In terms of operational intensity, the execution of five consecutive rounds in a single year—averaging roughly $20M per round, with over $100M committed from real protocol earnings and nearly one-fifth of the total token supply burned—places JST among a select tier of buyback programs rarely seen in the DeFi sector.
This continuous execution has transformed the buyback from a series of short-term news catalysts into a permanent value engine. Rather than acting as an isolated marketing tactic, the program transmits its impact systematically through a five-pillar chain: Capital Foundation—Execution Assurance—Transparency & Trust—Deflationary Scarcity—Market Feedback, cementing a durable foundation for long-term valuation.
On the capital foundation, JST buybacks rely directly on authentic business cash flows. Except for the historical USDJ stability fee allocation in Round 4, every dollar of the $100M+ deployed across all five rounds originated directly from JustLend DAO’s organic operating earnings.
In execution assurance, both capital scale and operational cadence have been uncompromisingly delivered. Single-round commitments began at $17.72M in Round 1, stabilized around $20M thereafter, and reached $34.59M in Round 4. Throughout all five quarters, every burn landed strictly on schedule—free from delays, disruptions, or arbitrary cuts.
For transparency and trust, every buyback follows the standard procedure of “pre-disclosed rules, on-schedule execution, and verifiable on-chain proof”, backed by immutable on-chain transaction records and open official disclosures.
In deflationary impact, around 1.881B JST tokens have been burned across five rounds, contracting total supply from 9.9B down to ~8.02B—a nearly 19% reduction that continuously compounds structural scarcity.
Ultimately, market feedback validates the mechanism through synchronized gains in both token price and market cap. CoinGecko data shows JST climbing steadily from its ~$0.03 low in October 2025 to an October 10 peak of $0.142—a 300%+ year-to-date surge marking a new high since 2022—while circulating market cap surged past $1B.
This closed-loop flywheel—fueled by authentic revenue, reliable execution, complete transparency, structural deflation, and market validation—has elevated the buyback program far beyond short-term hype, solidifying it as the central pillar sustaining JST’s long-term economic value.
Buyback Mechanism Poised for Comprehensive Upgrade as Capital Sources Diversify
With five consecutive rounds now complete, the JST buyback program arrives at a watershed moment: the first phase officially concludes, setting the stage for a new upgraded phase.
Looking back at the initial phase, the framework was initially structured to draw backing jointly from JustLend DAO and USDD. Under the original terms, USDD’s cross-chain ecosystem revenue was to feed into the buyback pool once cumulative earnings hit $10M—a threshold not yet reached. Consequently, this early phase operated primarily on JustLend DAO’s accumulated treasury reserves alongside the increment in quarterly net revenue. Specifically, the $59M+ reserve earmarked at inception under the plan of “30% upfront, 70% in phased tranches” has now been fully deployed across five rounds. This signifies that the initial phase has smoothly achieved its objectives, clearing the path for the comprehensive upgrade.
As outlined in the JST Q1 2026 financial report released in April, the upgraded JST buyback mechanism will broaden capital sources beyond the existing framework by incorporating revenues from new business streams such as GasFree, providing deeper and more diversified funding for ongoing buybacks.
With the upgraded phase around the corner, JST’s long-term deflationary momentum and value-return capabilities are poised to enter an even more sustainable and predictable cycle. For specific plans regarding capital allocation, execution cadence, and ecosystem integrations under this upgraded mechanism, follow JUST’s official X account @JUST_DAO for the latest updates.
Tesla CEO Elon Musk says his Optimus robot will one day build Optimus Prime. His quip came after a Chinese firm showed a 13-foot humanoid that can lift more than 1,100 pounds.
The joke points to a real split in the robot race. China is building giant machines for heavy industry, while Tesla is betting on human-sized helpers.
How Big Is China’s New Industrial Robot?The machine is called Neo1. NeodraDynamics, a Beijing robotics startup, revealed what it calls a “super humanoid” at the 2026 China International Industry Fair.
According to the company’s release, Neo1 stands about 4 meters tall and weighs roughly 1.2 tons. That makes it more than twice the height of Musk’s Optimus.
Its two arms can jointly carry 500 kilograms, or about 1,100 pounds. Most of its 41 joints run on small hydraulic actuators instead of electric motors.
As a result, the company pitches Neo1 for port handling, mining, and disaster rescue. It also lists nuclear and deep-sea maintenance as future uses.
A user then asked Musk for a real-life Evangelion, the Japanese anime about giant piloted robots. Musk replied that Optimus will build Optimus Prime, the giant leader of the Transformers.
Why Musk’s Optimus Plays a Different GameOptimus is a human-sized robot built for factory and household tasks. Neo1, in contrast, gives up flexibility for raw strength.
Even so, Wall Street still ties much of Tesla’s value to Musk’s Optimus bet. For instance, Wedbush analyst Dan Ives expects robotaxis and Optimus to make 2027 a strong year.
Not everyone agrees. Billionaire investor Mark Cuban recently predicted that humanoid robots will fail within a decade.
Meanwhile, Musk keeps making bold hardware promises. He recently showed off a flying Tesla Roadster in Texas.
Chinese rivals are also moving fast. Unitree’s founder expects robots to reach their own ChatGPT moment within two to 10 years.
For now, the Musk Optimus Prime post is a joke. Still, giant Chinese prototypes and Tesla’s human-sized bet show that the humanoid race has no clear winner yet.
Elon Musk paired the words Tesla x SpaceX with the Roadster livestream link, reviving Tesla SpaceX merger speculation. Polymarket bettors, meanwhile, give the car a 60% chance of a Roadster flying for one second or more.
Neither Tesla (TSLA) nor SpaceX (SPCX) has confirmed merger talks, but the post lands as analysts openly debate a deal. The demo of Tesla’s Roadster sports car, unveiled in 2017, reportedly leans on SpaceX thrusters, putting both brands on stage.
Why Does Tesla SpaceX Merger Talk Keep Returning?SpaceX’s push toward a Nasdaq listing brought the merger question back in May.
SpaceX then went public on June 12 at $135 a share, a $1.77 trillion valuation. It was the largest initial public offering (IPO) on record.
SpaceX closed October 14 at a $2.07 trillion market value, while Tesla shares are down about 18% this year.
SpaceX stock peaked at $225.64 within days of the debut, then slid.
SpaceX also absorbed Musk’s AI company xAI in February.
Barclays thinks the likelier route is SpaceX buying Tesla with stock. That would leave Musk with roughly 37% of the equity and 56% of the votes.
The bank sees the gains in integration, not financial engineering. It points to Tesla’s robotaxis and Optimus humanoid robots joining SpaceX’s AI work.
Wedbush analyst Dan Ives made a Tesla-SpaceX merger forecast of better than 80% odds by 2027.
Musk, however, said on Tesla’s July earnings call that any combination would need a proper process.
Will a Flying Roadster Steal the Merger Spotlight?Polymarket posted a photo of a backward-curving ramp at the venue, flagging speculation about a high-speed stunt.
JUST IN: Tesla has erected a towering, backward-curving ramp at tonight's Roadster event, raising speculation about a possible high-speed stunt. pic.twitter.com/qz9eVc1VwE
— Polymarket (@Polymarket) October 15, 2026 Reports say a remotely operated Roadster will hover on SpaceX thrusters that fire compressed gas.
Historically, Wall Street has punished Tesla’s past reveals. Shares fell after the Cybertruck, the 2024 Cybercab robotaxi and a September Cybercab event.
Barclays says a deal could surface before Tesla’s annual shareholder meeting, which must be held by December 6, Bloomberg reported.
A flight would settle the Polymarket market, but only a filing would settle the merger. Either way, markets must price a founder who leads two trillion-dollar public companies.
Cryptocurrency exchange Coinbase announced in its latest release that it has decided to delist the Balancer (BAL) and Tensor (TNSR) tokens.
In its statement, Coinbase did not specify a clear reason for the delisting decisions, stating that the decision was made after a regular screening of tokens that did not meet listing standards.
In an announcement published yesterday, the exchange also delisted Stargate Finance (STG) and Vulcan Forged (PYR) tokens.
*This is not investment advice.
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Any UK crypto exchange that fails to win a full licence from the Financial Conduct Authority (FCA) by October 25, 2027, will have to stop offering regulated crypto services. Applications opened on Wednesday.
Britain’s financial watchdog has only required most crypto firms to register for anti-money laundering checks until now. The new licence puts them under standards closer to those facing banks and brokers.
What the New Rules Mean for UK Crypto Exchange UsersThe FCA opened its application window on September 30. Firms have until February 28, 2027, to apply before the rules take effect in October.
JUST IN: The UK FCA launches mandatory licensing for all crypto exchanges, custody, and stablecoins.
Firms operating in Britain must submit authorization filings by February 28, 2027 ahead of full enforcement on October 25, 2027.
Those failing to meet strict capital adequacy… pic.twitter.com/ZR4NY3Ed7H
— BeInCrypto (@beincrypto) September 30, 2026
The rules reach beyond exchanges. They also cover firms that hold coins for customers, stablecoin issuers, and companies that arrange staking.
Each applicant will be judged on consumer protection, how it keeps customer assets safe, market integrity, and financial resilience. The watchdog says approval is not automatic, and firms that fall short will be refused.
An existing anti-money laundering registration will not convert into a license. Every firm has to apply from scratch.
“The UK’s new crypto regime will give consumers greater protections and firms a clear framework to operate in. Firms can now apply for authorization and start preparing for regulation,” said Dominic Cashman, director of authorization at the FCA.
Which Exchanges Could Close and WhenFirms that apply on time can keep serving customers, including new ones, while the FCA decides. The regulator expects to rule on those applications before October 2027.
Late applicants get no fast track, according to the FCA’s gateway guidance. Without a license when the rules start, they can only honor existing contracts. They cannot sign new customers or new deals with current ones.
Firms that never apply must wind down their UK business before October 25, 2027. Otherwise, they risk carrying on unauthorised financial business, the FCA warns.
UK Crypto Firms Face Pressure From Banks TooThe licence window opens as British lenders and crypto firms clash over payments. Last week, the banking lobby ejected Coinbase from UK Finance, though the exchange can appeal.
Earlier approvals already came with limits. Robinhood’s UK crypto approval in August let it pass orders to others, but not hold customer coins.
The next five months will show which exchanges judge a full UK licence worth the cost.
Belarus has registered its first crypto banks under a new digital asset framework. The move brings the country closer to launching regulated institutions that combine crypto and banking services.
Belarus Registers First Crypto Banks The High-Tech Park added the country’s first two crypto banks as residents. However, both institutions will have to get accreditation from the National Bank before they can start functioning.
The registrations were announced at a meeting of the supervisory board chaired by Prime Minister Alexander Turchin. The decision moves Belarus’ crypto banking rules into the next stage.
The two institutions have not been identified. However, Dmitry Kalechits, a senior High-Tech Park official, said both already operate in the crypto market.
The applicants established expert teams and readiness of their technological systems, he said. They also did technical and legal checks prior to the registration.
National Bank Approval Still Required The framework requires every crypto bank to hold High-Tech Park resident status. Additionally, every institution will have to register under the official crypto bank registry of the National Bank.
According to the rules, a crypto bank is required to be a joint-stock company. The framework enables companies to provide digital token services in addition to banking and payment services.
The crypto banking decree was signed in January by Belarusian President Alexander Lukashenko. The rules went into effect in July and provided a formal category for these institutions.
Earlier, the Chairman of the National Bank Roman Golovchenko stated that a number of foreign financial companies had expressed interest in the sector.
Belarus Uses Dual Crypto Bank Regulation Belarus plans to regulate crypto banks through both the High-Tech Park and the National Bank. The High-Tech Park is already a legal area for approved digital asset activity.
Kalechits stated that the dual model would help firm up supervision and encourage regulated crypto financial services. He further pointed out that the structure could help build confidence in the financial sector.
However, Belarus is not walking the same route as nations that rely on current banking legislation to regulate crypto firms. Switzerland, for instance, has enabled crypto banks to be licensed under its existing banking regime.
Belarus has established a special crypto bank category, thereby establishing a special regulatory path. The first registrations are now stepping the framework closer towards full licensing and market entry.
Trumpflation, the inflation tied to President Donald Trump’s tariffs and the Iran war, has entered a more entrenched phase. Core inflation held near 3.3% through the summer even as headline prices cooled sharply, new data shows.
That gap between falling headline prices and stubborn core inflation is the real story. It suggests Trumpflation has spread beyond the gas pump and settled into the broader US economy.
Trumpflation’s Two-Front Inflation ProblemTrump reinstated tariffs in July under Section 301 of the Trade Act, months after a Supreme Court defeat. Businesses have passed the higher costs of imported materials on to shoppers.
Iran closed the Strait of Hormuz in late February, cutting off roughly 20 million barrels of daily oil traffic. That is about a fifth of the world’s crude oil supply.
Diesel prices hit an all-time high of $6.50 a gallon in September, according to data cited by Barchart. Roughly a third of the world’s fertilizer supply also transits the strait, pushing up crop and produce costs.
The stickiness shows up in Core Personal Consumption Expenditures (PCE), the Fed’s preferred inflation gauge. It excludes volatile food and energy costs.
Macro strategist Jim Bianco has noted that core PCE has held above the Fed’s 2% target for 65 straight months. That streak, he argues, shows markets are missing the bigger story by fixating on oil.
Why It Matters for MarketsFed Chair Kevin Warsh’s Federal Open Market Committee (FOMC) raised interest rates a quarter point on Sept. 16 anyway. Entrenched inflation typically takes a prolonged hiking cycle to unwind, not a single move.
That is a problem for a stock market trading near its richest valuation since the dot-com bubble. The gauge is the Shiller price-to-earnings ratio. Wall Street’s AI-driven rally has largely priced in steady rate relief ahead.
If Trumpflation keeps forcing the Fed’s hand instead, that bet could unravel. Investors banking on cheaper money may need to rethink how long the rally can last. Whether Warsh’s Fed sees it that way may become clear at its next meeting.
The suit claims Polymarket is "subverting New York’s express regime by facilitating gambling in New York without required responsible gambling features mandated for licensed sports wagering operations, and without any oversight by the New York State Gaming Commission, exposing New Yorkers to gambling addiction with few, if any, safeguards."
(The Center Square) -
New York and Polymarket are headed for a legal showdown, with the state suing the platform for running an "unlicensed gambling" scheme and the multi-billion dollar company firing back with its own legal challenge.
In the 33-page complaint filed in the state's superior court Thursday, New York Attorney General Letitia James alleged that the company, which is valued is valued at more than $20 billion, is seeking to "avoid the legal and financial consequences of New York’s close regulation of gambling by offering what is quintessentially wagering under the guise of “event contracts” on a “prediction market."
The suit claims Polymarket is "subverting New York’s express regime by facilitating gambling in New York without required responsible gambling features mandated for licensed sports wagering operations, and without any oversight by the New York State Gaming Commission, exposing New Yorkers to gambling addiction with few, if any, safeguards."
"Ultimately, it is these types of harms that the New York Constitution and gambling laws were intended to prevent in New York," James wrote in the lawsuit. "Respondent is nonetheless
In a statement, James claimed that by "skirting New York’s laws, Polymarket is targeting the most vulnerable and depriving New York families of critical services and support."
"Our gambling laws exist to protect New Yorkers, prevent the potential harms of problem gambling, and ensure funding for educational and public benefit programs," she said.
But late Thursday, Polymarket responded by filing a request to move the lawsuit from state to federal court and, separately, filed its own civil lawsuit against New York, naming James and officials of the New York State Gaming Commission.
“This action seeks to prevent imminent and irreparable harm arising from New York’s enforcement of state gambling laws against federally regulated derivatives exchanges — enforcement Congress has expressly prohibited,” Polymarket said in the complaint. "Defendants have asserted that federally regulated event-contract trading is ‘unregulated gambling ... which is erroneous theory."
Polymarket launched its U.S. platform last year and is regulated by the Commodity Futures Trading Commission, a federal agency. The company also operates an offshore predictions platform, according to its website.
The lawsuit comes two months after New York sued Kalshi, another prediction market platform, alleging that it failed to get a license from the state Gaming Commission and pay related state taxes.
In a statement, Polymarket defended its platform and pushed back on the assertions that it is engaged in illegal gambling. The company also stressed its roots as a New York City startup that has evolved into a multi-billion-dollar powerhouse.
"Polymarket was founded in a tiny NYC apartment and now has more than 350 employees here, embodying why people and businesses come here to make it," the statement said. "We believe in New York and we’re staying here," the company said in a statement. While the AG’s decision to copy/paste a recycled lawsuit is disappointing, we’ll fight for our users."
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President Donald Trump enjoyed two end-of-week wins for election integrity, measures his administration has prioritized since the beginning of the 47th president's second term. The two-fer involved a win at the Supreme Court for the SAVE database, which verifies U.S. citizenship for voter rolls, and guidance released by the Cyber and Infrastructure Security Agency (CISA) recommending paper ballots, post-election manual audits and other hardening measures to fortify elections.
Rep. Claudia Tenney, R-N.Y., spoke to Just The News about the Supreme Court ruling, and emphasized that even deep-blue New York, the state ruled the same way. "Our New York State Court of Appeals—they're all left-leaning, all appointed by either Cuomo or Governor -- ruled unanimously that only citizens can vote in our elections. So why would we let people who are ineligible to vote get on our voter rolls?"
SCOTUS ruling The Supreme Court on Friday paused a lower-court injunction and cleared the way for states to resume using a modified federal database to check whether registered voters are U.S. citizens.
The fight began in March 2025, when Trump directed the Department of Homeland Security (DHS) and the Social Security Administration (SSA) to expand the decades-old Systematic Alien Verification for Entitlements program, known as SAVE. The overhaul added Social Security records, including data on U.S.-born citizens, and allowed officials to run searches in bulk rather than one name at a time.
Voting-rights groups sued. In June, U.S. District Judge Sparkle L. Sooknanan of Washington, D.C., a Biden nominee, blocked the expanded system. She said the government had “trampled on the privacy rights of American citizens” and that states were removing eligible voters based on flawed matches. An appeals court left her order in place.
The Justice Department called that ruling indefensible and asked the justices for emergency relief. In an unsigned opinion, the court said federal law already requires the government to answer state requests to verify citizenship and that Sooknanan’s order “prevents the Federal Government from using the program it believes is best suited to the task.” Justices Sonia Sotomayor, Elena Kagan and Ketanji Brown Jackson dissented.
The stay is not a final ruling on the merits. Federal law also bars systematic voter-roll purges within 90 days of an election, so Friday’s order is expected to matter most for individual checks before November 3 and for broader roll maintenance after the midterms, but the win solidifies that states can again use federal records to ask a basic question — whether the person on the list is a citizen.
CISA's plan: Paper ballots, manual audits, multi-factor authentication, tighter access controls, log retention The Cybersecurity and Infrastructure Security Agency (CISA) on Thursday released its 2026 Election Infrastructure Security Plan, the first public election-security blueprint from the agency since the Trump administration froze much of that work last year.
The 13-page document, titled “Securing the Next 250,” landed about 40 days before the Nov. 3 midterms. Homeland Security Secretary Markwayne Mullin tasked CISA with writing it in July after a long pause in federal election-security assistance. The agency had already cut roughly 1,000 employees and lost dedicated election-adviser capacity. Officials in both parties said those cuts weakened day-to-day help for state and local clerks.
The new plan does not rewrite who can vote. It tells election offices to treat infrastructure as a year-round target. CISA warns that hackers have tried to breach voter-registration systems in all 50 states, with confirmed success in at least 20. It flags weak patching, insider risk, physical threats to polling places, and databases that are too easy to reach from public lookup tools.
The recommendations are old-school by design: paper ballots, post-election manual audits, multi-factor authentication, tighter access controls, and log retention for at least a year.
CISA also says it will offer a no-cost information-sharing platform for fusion centers and election officials and assign regional directors as security advisers.
After a year of drift, the federal government is again telling states the same thing election-integrity advocates have said for years: count votes on paper, audit the count, and lock down the rolls.
Amanda Head is White House Correspondent for Just the News. You can follow her here.
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Palantir Technologies shares climbed above $190 on September 23, 2026. That marked its highest level in nearly a year, extending a rally built on three separate catalysts.
The stock advanced more than 3.5% intraday, reflecting renewed confidence in both its government and commercial growth engines.
Palantir Technologies Inc. (PLTR) Price Performance – 1 Year. Source: TradingViewWhat’s Fueling Palantir’s Rally This WeekA catalyst refers to a specific event or announcement that triggers a noticeable shift in a stock’s price. For Palantir, three distinct catalysts converged within days of each other.
CEO Alex Karp met with Polish President Karol Nawrocki and Lithuanian President Gitanas Nausėda in New York this week.
They discussed expanded investment and potential technology hubs supporting NATO’s eastern flank. Lithuanian officials described their country as a potential regional hub for defense and security technology.
Good meeting in New York with @PalantirTech CEO Alex Karp.
Lithuania is ready to become a strong regional hub for the Baltics and NATO’s eastern flank – combining top talent, AI, data and defense technologies to develop solutions for real security needs across the Alliance. pic.twitter.com/y1XIttAP4M
— Gitanas Nausėda (@GitanasNauseda) September 23, 2026 Separately, the U.S. Army awarded Palantir a $48.1 million contract to build an enterprise ammunition management system. The platform will replace nine legacy systems with one unified view. That view spans planning, storage, and distribution across the full munitions lifecycle.
Chipotle also confirmed it is piloting a food safety platform built on Palantir’s Foundry software. The system aggregates inspection scores and health data to flag risk at individual restaurant locations.
W czasie odbywajacego się w Nowym Jorku Polish-American Economic Summit Prezydent Karol Nawrocki spotkal się z Alexem Karpem, założycielem i prezesem Palantir Technologies, światowym liderem na rynku nowych technologii i analizy danych. Omówiono plany inwestycyjne firmy w… pic.twitter.com/vGRfzsj0VL
— Karol Rabenda (@KarolRabenda) September 22, 2026 Can Palantir’s Momentum Push Past $200?Recent momentum extends beyond these three deals. Palantir also announced fresh partnerships with NVIDIA, Nebius, and Method Security this week. It also expanded its deployment, together with Fujitsu, across enterprise networks in Japan.
Wall Street took notice. Both DA Davidson and UBS raised their price targets on the stock. Both firms cited the accelerating adoption of Palantir’s Artificial Intelligence Platform and the strengthening of US sovereign AI demand.
Together, these developments paint a picture of Palantir deepening its relevance across defense, government, and everyday commercial operations simultaneously. Geopolitical engagement in Europe, a concrete logistics contract, and tangible retail adoption all point in the same direction.
Whether that combined momentum carries the stock toward $200 remains an open question. Much depends on how these partnerships translate into revenue over the coming quarters.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights.
For now, investors appear willing to reward Palantir’s broadening footprint. That footprint now spans markets that, until recently, seemed unrelated to its core business.
The House Ways and Means Committee recently approved the first digital-asset tax legislation, creating a tax structure intended to support President Donald Trump’s goal of making the United States the “crypto capital of the world.”
The bill, which still needs to be voted on by the full House of Representatives, creates a unique tax policy for digital assets, Chairman Rep. Jason Smith, R-Mo., said on the Just the News, No Noise television program.
“You know, the president has said he wants the United States to be the crypto capital of the world, and in order to be the crypto capital of the world, you need to have certainty within your tax code, and that's why when we passed the big, beautiful bill last July 4,” Smith said. “I made it a mission to create a tax package for digital assets, creating that certainty, that tax structure that's in the code, and then it can allow the investment to continue to grow in our country.”
Smith said his committee was able to do that last week in a 38-5 bipartisan vote that will move the bill out of committee and on for the full House vote.
"The product of bipartisan discussions and collaboration," Smith says The bill, called the Digital Asset Tax Certainty Act, aims at modernizing the tax code by “establishing clear rules of the road, streamlining reporting requirements, clarifying the tax treatment of mining and staking, and creating parity with traditional financial assets,” according to the Ways and Means Committee’s description of the bill.
“The Digital Asset Tax Certainty Act is the product of bipartisan discussions and collaboration among members of the Ways and Means Committee to address the uncertainty and burdensome compliance challenges that threaten to undermine the rapidly growing and increasingly popular $2 trillion digital asset economy,” Smith said after the bill passed out of the Committee.
“By providing American consumers and investors with more certainty surrounding the tax treatment of digital assets, establishing parity with traditional financial assets, and updating tax rules to keep pace with this innovative technology, we will ensure the United States is the crypto capital of the world. This legislation would be the first-ever federal law to address the substantive tax treatment of cryptocurrencies and other digital assets – affecting the one in four Americans that currently hold some form of cryptocurrency, more than 67 million people,” Smith added.
Ending former President Joe Biden’s “regulatory war on crypto and Bitcoin,” Trump said The bill removes the requirement that taxpayers must file a separate report for each digital asset transaction, which in 2025 resulted in hundreds of millions of 1099-DA forms to the IRS. It also treats digital assets as comparable traditional financial assets, allowing them to be eligible for existing tax code safe harbors and treated as charitable donations like other financial assets.
Shortly after returning to office in 2025, Trump announced that he wanted to make the U.S. the “undisputed Bitcoin superpower and crypto capital of the world,” adding that he would end former President Joe Biden’s “regulatory war on crypto and Bitcoin.”
Trump made the announcement at the Blockworks Digital Assets Summit in March 2025, Fox Business News reported at the time.
"With the right legal framework, institutions large and small will be liberated to invest, innovate, and take part in one of the most exciting technological revolutions in modern history. It's so big. It's, I think, as big as you can get," Trump said.
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SpaceX stock rose 5.89% to $151.94 on Wednesday morning after the company set September 22 for Starship Flight 14, the rocket’s first attempt to reach orbit.
That pushed its market value to above $2 trillion, up from Tuesday’s stock close of $143.49. Investors read the flight as the moment Starship stops being a test article and starts hauling satellites that earn money.
SpaceX (SPCX) Stock Performance. Source: Yahoo FinanceWhat SpaceX Has Planned for Starship Flight 14The 75-minute window opens shortly after 8 a.m. EDT from Starbase in south Texas, pending regulatory approval.
Starship will climb to about 275 kilometers, circle Earth six times and fly for roughly 10 hours before splashing down in the Pacific west of Chile. The Super Heavy booster drops into the Gulf of Mexico, and neither stage will be caught.
🚨JUST IN
SpaceX is up 5% today after announcing Starship's 14th flight, its first orbital test, is set for September 22.
8 politicians including president Donald Trump are holding $SPCX pic.twitter.com/ghn148s8WR
— Insiderwave (@insiderwave) September 16, 2026 The payload is 26 Starlink V3 satellites, the first working batch Starship has carried. Three carry cameras to photograph the heat shield after release. All 13 earlier flights, including a weather-delayed July attempt, stayed suborbital.
Smaller rivals got there first. German launcher Isar Aerospace reached orbit on flight two this month.
Why Investors Are Pricing In a $3 Trillion SpaceXCathie Wood of ARK Invest shared her own arithmetic Wednesday. ARK researcher Sam Korus estimates Starlink earns about $19 million a year for every terabit per second of capacity, and that a full Starship load carries 61 Tbps.
Each Starship launch could generate $1 billion in revenue. Elon is aiming for 10,000 flights per year, or $10 trillion in Starship revenues, by 2030. If SpaceX achieves this goal, its $1.75 trillion IPO will be considered, in hindsight, a deep value opportunity! https://t.co/sRyaGM9PBK
— Cathie Wood (@CathieDWood) September 16, 2026 Her remarks come as attention shifts to a third business. SpaceX reports Space, Starlink and AI compute as separate segments, and Motley Fool analyst Adam Spatacco argued Wednesday that the AI unit could carry the stock to $3 trillion.
"Not Starship. Not Starlink. This is the part of SpaceX's Business that could Lift it into the $3 Trillion Club."
What investors may not fully grasp is that SpaceX is building a 3-headed machine across
▪︎ launch,
▪︎ satellite internet, and
▪︎ AI computing… pic.twitter.com/7b8oR4n6Np
— Brian Basson (@BassonBrain) September 16, 2026 Anthropic pays about $1.25 billion a month for Colossus capacity. Google adds about $920 million a month this fall.
Of 34 analysts tracked by TipRanks, 26 rate the stock a buy. Their average target is $232.07, with a high of $800 and a low of $75.
SpaceX (SPCX) Stock Forecast & Price Target. Source: TipRanksBeInCrypto laid out the case for buying the dip in early August, when shares sat near $115.
Flight 14 is the next hard test. Ten thousand flights a year works out to 27 a day, a cadence no launch company has come near.
Crypto markets are bracing for the Federal Reserve’s (Fed) rate decision on September 16, just a day after the CLARITY Act failed to advance in the Senate.
XRP dropped nearly 10% toward $1.30, Bitcoin slipped below $76,000, and more than $300 million in leveraged positions got liquidated within minutes.
Crypto Liquidations Data – 24 Hours. Source: CoinglassWhy the CLARITY Act Vote FailedThe U.S. Senate failed to advance the CLARITY Act on September 15, falling short in a 49-50 procedural vote that required 60 votes to pass.
Tuesday’s vote was never a final passage vote. Failure stalls formal consideration for now, but it does not permanently kill the CLARITY Act, which sought clearer jurisdictional lines between the SEC and CFTC for digital assets.
Republican Senator Thom Tillis said he will keep working to advance the legislation despite the setback. Meanwhile, Polymarket odds for passage in 2026 fell from roughly 30% to just 5% within a single day.
This is not the end for the Clarity Act. We've made substantial bipartisan progress in large part because of the White House. This procedural motion allows us to continue working towards a positive outcome. https://t.co/mNFxcGMtfU
— Senator Thom Tillis (@SenThomTillis) September 15, 2026 Not everyone agrees with this setback. Senior analyst Eric Balchunas offered a starkly different assessment, saying Tuesday’s failure to reach cloture means the legislation is all but dead.
Why Does Wednesday’s Fed Decision Matter More Now?With legislative momentum stalled, attention has shifted entirely to the Federal Reserve’s rate decision today, along with updated projections and remarks from Chair Kevin Warsh.
Markets currently price roughly a 92.5% probability of a 25-basis-point hike, which would push the federal funds rate to a range of 3.75% to 4.00%, the first increase since 2023.
HIKE → MARKETS DROP HARD
HOLD → MARKETS RALLY
CUT → MARKETS RALLY HARD
PRESS CONFERENCE AT 2:30 PM ET! pic.twitter.com/Du0sWRoIBp
— Crypto Rover (@cryptorover) September 16, 2026 Treasury yields near 5% already pressuring risk assets broadly. Analysts widely expect the hike itself to matter less than Warsh’s tone during the press conference that follows the announcement.
A hawkish surprise could extend Tuesday’s losses into a deeper pullback. A softer tone, by contrast, could ease pressure across both Bitcoin and altcoins heading into the week’s close.
What Are Traders Watching Right Now?Trader Michaël van de Poppe views current Bitcoin price levels as a possible sweep of recent lows, expressing continued interest in buying dips near $74,000-$75,000.
Crypto Rover and others note that a delivered hike is largely priced in, so the reaction depends on whether Warsh sounds more hawkish than expected.
I'm positively surprised by the price action of #Bitcoin so far.
Not dumping through, little bounce back upwards.
Everyone, their mother, their cousin and their grandmom are currently shorting #Bitcoin as a shock event, but I don't think that's the play when we've been sweeping… pic.twitter.com/BFDvzBSWRe
— Michaël van de Poppe (@CryptoMichNL) September 15, 2026 Community and technical voices note that XRP is more sensitive to macro news; it led the sell-off and could remain volatile if the Fed turns hawkish. Many expect short-term pressure but see the long-term utility and institutional interest intact. Support near $1.00–$1.10 is being watched closely.
The combination of regulatory disappointment and a likely rate hike creates near-term caution. A softer-than-expected tone from the Fed could ease pressure on both assets, while aggressive guidance risks another leg lower.
$XRP JUST LOST THE KEY SUPPORT. ⚠️
After breaking out of the long consolidation range, XRP failed to hold the $1.33–$1.55 zone and has now broken back below the range.
The structure is changing:
BREAKOUT → FAILED HOLD → BREAKDOWN 🔻
The next major liquidity sits around… pic.twitter.com/kAiy7Byzot
— Alex Marzell (@MarzellCrypto) September 16, 2026 Investors will focus on Warsh’s forward-looking remarks and whether Bitcoin can defend $75,000 and XRP can stabilize above $1.30.
The Senate voted 49-50 against a motion to proceed with consideration of the Clarity Act, failing to reach the required 60-vote threshold, after all Democrats and a handful of Republicans voted against it.
The Senate failed Tuesday to advance the Clarity Act, which is a cryptocurrency bill that would establish the first comprehensive federal framework for the industry.
The Senate voted 49-50 against a motion to proceed with consideration of the Trump-backed Clarity Act, failing to reach the required 60-vote threshold, after all Democrats and a handful of Republicans voted against it.
The bill would have established clearer rules for digital assets and determined whether particular tokens fall under securities or commodities laws.
It would also divide regulatory authority over the digital asset market, giving the Commodity Futures Trading Commission a larger role while defining which cryptocurrencies should fall under the jurisdiction of the Securities and Exchange Commission.
Approximately a dozen Democrats were considered potential yes votes, but ultimately rejected the legislation after the two sides failed to reach an agreement on ethics rules, according to The Hill.
Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.
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Iran used a network of cryptocurrency actors in China and elsewhere to launder more than $1.5 billion in illicit oil money intended to benefit the Iranian military, according to the complain.
The U.S. filed a civil forfeiture complaint on Monday against $61 million in cryptocurrency that the Justice Department claims is proceeds from sales of sanctioned Iranian crude oil and petroleum products.
According to the complaint brought by the U.S. Attorney’s Office for the Southern District of New York, Iran used a network of cryptocurrency actors in China and elsewhere to launder more than $1.5 billion in illicit oil money intended to benefit the Iranian military.
“By cutting off funds raised by the black-market sale of crude oil, the Iranian military and terrorists are weakened. The FBI will not relent in its resolve to drain the funds from dangerous foreign actors,” a statement from the office said.
The complaint alleges that two Chinese companies, Blessed Trust and Hexa Whale, used trading accounts at the UAE-based cryptocurrency exchange Binance to launder the proceeds of black-market sales of Iranian oil, funneling the illicit funds to Iran, its agents, and proxies, where the funds were used to finance terrorist and other activities of the Iranian government.
A Binance spokesperson told CNBC that the company has "zero tolerance for sanctions violations or illicit activity," and it denied that it had permitted transactions with sanctioned individuals. It's cooperating with law enforcement, the spokesperson said.
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In 1988, a secretary at Dell could get rich on the company stock. In 2026, the stock is up roughly 350%, and almost all of that money lands on one man.
That man is Michael Dell. This week he passed Jeff Bezos to become the world’s third richest person, worth $276.5 billion by Forbes’ count.
Nvidia Builds the Brains. Dell Builds the Boxes.Nvidia makes the chips that run artificial intelligence (AI). Dell bolts those chips into metal racks and ships them.
Nvidia is the far better business. It earned $96.2 billion last quarter and kept 75 cents of every dollar. Dell reported $47 billion and kept 21 cents, even as its AI server sales doubled.
Yet Nvidia founder Jensen Huang is worth $189.1 billion. He is $87 billion poorer than the man who builds the boxes.
The reason is simple. Huang owns about 3% of Nvidia. Michael Dell owns about 40% of Dell. Investors have spent months hunting the winners beyond Nvidia. They were looking at the wrong number.
The Deal That Locked Everyone Else OutHe owns that much because he bought his company back.
In February 2013, Dell moved to take the company private. Silver Lake helped him pay for it. That October, public shareholders got $13.88 a share and were shown the door.
Two days after he announced that plan, Texas Monthly ran a story about what Dell stock used to do. It counted roughly 2,700 employee millionaires in Austin. Locals called them Dellionaires. Secretaries became rich.
This rally works differently. The gains pile up in one place.
Some analysts still doubt the boom pays. BeInCrypto raised the margin question before the earnings that started this run.
“It becomes a problem if it becomes that we’re really not adding to the bottom line at all,” Fortune reported, citing James Fish, senior analyst at Piper Sandler.
Dell now leads Bezos by about $3 billion. Monday can flip that. It cannot flip who owns the company.
Ethena Brings Yield-Bearing Stablecoins to TRON@EthenaLabs has officially launched $USDe and $sUSDe on the TRON network, extending its cross-chain footprint into one of the most stablecoin-dense ecosystems in crypto. The deployment was enabled by cross-chain bridge @StargateFinance and marks another step in Ethena's strategy of expanding its synthetic dollar beyond Ethereum.
The two products together give users access to both a dollar-pegged medium of exchange and a passive yield instrument, now available natively on TRON.
The integration connects Ethena's products with core TRON DeFi protocols, including @DeFi_JUST and @OfficialSUNio, putting $USDe and $sUSDe directly into the liquidity layer that TRON users already rely on for lending, borrowing, and yield generation.
Why TRON? The Scale of the OpportunityTRON's stablecoin ecosystem provides a significant distribution opportunity.
That user base represents exactly the kind of high-volume, cost-sensitive audience that could benefit from access to a yield-bearing dollar instrument like $sUSDe.
The TRON deployment is consistent with Ethena's broader multi-chain expansion strategy. The protocol previously launched on Avalanche and partnered with the TON Foundation to bring $USDe to Telegram's user base. Adding TRON further diversifies the protocol's reach across different user segments and geographies.
For TRON, the arrival of Ethena's products adds a yield-generating stablecoin layer to an ecosystem that has historically been dominated by USDT transfers. and integrations like this one could accelerate that trend.
Sources:
CoinDesk Research: TRON Network Q2 2026
Ethena Labs Official Site
The Defiant: Ethena USDe and sUSDe Go Live on Avalanche
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Singapore, September 11, 2026 — B.AI, SUN.io, JustLend DAO, and BitTorrent, four leading decentralized applications (dApps) across the TRON ecosystem, now support MetaMask connectivity. MetaMask, one of the world’s largest consumer platforms for onchain finance, giving users direct control over their money and access to the onchain economy. This gives MetaMask users direct, in-wallet access to these dApps through a single, familiar interface, simplifying complex on-chain workflows and lowering the barrier to entry for global users.
Bringing TRON’s Leading dApps to MetaMask
B.AI, a financial infrastructure platform designed to give AI agents their own identities and the ability to transact independently. Its architecture includes the x402 payment protocol, the 8004 identity authentication protocol, a MCP Server, and BAIclaw which enables AI agents to verify one another, transact autonomously, and execute high-frequency financial operations on-chain. Access via MetaMask extends these capabilities to a broader global user base.
SUN.io, TRON’s leading decentralized platform with over $650 million in total value locked (TVL) and more than 26,000 liquidity pools, enables users to connect with MetaMask to access its high-performance, low-cost automated market maker (AMM), SunSwap V4, which features programmable hooks that allow developers and AI agents to embed custom logic directly into liquidity pools.
JustLend DAO, TRON’s leading lending platform with over $7 billion in TVL, provides capital-efficient infrastructure for on-chain borrowing, lending, and staking. Through MetaMask, users can access energy rental services and yield opportunities, optimizing transaction costs and supporting sustained high-frequency activity.
BitTorrent completes TRON’s on-chain and autonomous systems stack by providing cross-chain and data layers that allows the ecosystem to scale. BitTorrent Chain (BTTC) enables seamless interoperability between TRON, Ethereum and BNB Chain, while the BitTorrent File System (BTFS) delivers secure, low-cost decentralized storage. Together, supporting scalable, cross-chain operations for both users and AI agents.
Expanding a Global Web3 Gateway
With MetaMask connectivity now supported across these dApps, users can manage TRON-based assets, transfer tokens such as TRX and USDT, and execute swaps directly within MetaMask. The addition of MetaMask connectivity across B.AI, SUN.io, JustLend DAO, and BitTorrent shifts user access to a unified wallet-based experience, improving usability and connectivity across blockchain networks.
As decentralized finance and AI-driven applications continue to converge, this milestone positions TRON’s ecosystem to scale alongside global user demand. By aligning high-performance infrastructure with a widely adopted Web3 gateway, the ecosystem is better equipped to drive liquidity, improve capital efficiency, and accelerate adoption of DeFi and AI use cases at scale.
About B.AI
B.AI is a financial infrastructure built for the AI Agent era, designed to address the core challenges agents face in model access, payments, settlement, identity, and coordination. Through a unified API and settlement network, B.AI enables AI Agents to connect more freely to leading global models and services, while using agent wallets to pay, get paid, and exchange value autonomously. At the same time, B.AI builds verifiable identity and credit primitives for agents through on-chain accounts, helping AI evolve from software tools into economic actors that can transact, collaborate, and operate continuously at scale. By lowering barriers to model access, enabling seamless value transfer, and establishing an economic framework for intelligent agents, B.AI aims to accelerate the maturation of the AI Agent ecosystem, advance the real-world development of AGI, and make the benefits of AI more accessible to a broader range of users and developers.
SUN.io is the first decentralized autonomous platform on the TRON blockchain, distinguished by its integration of stablecoin trading, comprehensive token exchange, and liquidity mining capabilities. As a cornerstone of the TRON ecosystem, SUN.io is dedicated to optimizing trading liquidity and asset returns for its users. The platform empowers participants to stake SUN tokens, earning veSUN, which unlocks a suite of exclusive benefits, including enhanced rewards and voting rights in the platform’s governance.
JustLend DAO is TRON’s decentralized financial platform where users can earn yields through supplied assets, borrow digital assets against collateral, participate in TRX staking, and rent Energy. Committed to developing TRON-based DeFi protocols and providing all-in-one financial solutions to its users, there is now more than $7.6B Total Value Locked in the JUST Network.
The JustLend DAO provides a forum for its users to participate in governance and directives, while empowering its users with decentralized authority, trustless transactions, smart-contract automation, and security with transparent accountability.
Tokens in the JustLend DAO markets (TRX, BTT, JST, NFT, USDT, TUSD, USDD) are granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica. JustLend DAO exists to provide stable and convenient financial lending services for all users.
Engage with the JustLend DAO community via the JustLend DAO Portal, Telegram, Twitter, and the JUST Network.
About BitTorrent Chain
BitTorrent Chain (BTTC) is the world’s first heterogeneous cross-chain interoperability protocol, which adopts the PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts. It now enables interoperability with the public chains of Ethereum, TRON, and BNB Chain. Fully compatible with EVM, BitTorrent Chain facilitates the seamless transfer of assets across mainstream public chains. The governance token BTT, also known as BTTOLD on TRON Protocol was granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7th 2022.
Singapore, September 10, 2026 — B.AI, SUN.io, JustLend DAO, and BitTorrent, four leading decentralized applications (dApps) across the TRON ecosystem, now support MetaMask connectivity.
MetaMask, one of the world’s largest consumer platforms for onchain finance, giving users direct control over their money and access to the onchain economy. This gives MetaMask users direct, in-wallet access to these dApps through a single, familiar interface, simplifying complex on-chain workflows and lowering the barrier to entry for global users.
B.AI, a financial infrastructure platform designed to give AI agents their own identities and the ability to transact independently. Its architecture includes the x402 payment protocol, the 8004 identity authentication protocol, an MCP Server, and BAIclaw, which enables AI agents to verify one another, transact autonomously, and execute high-frequency financial operations on-chain. Access via MetaMask extends these capabilities to a broader global user base.
SUN.io, TRON’s leading decentralized platform with over $650 million in total value locked (TVL) and more than 26,000 liquidity pools, enables users to connect with MetaMask to access its high-performance, low-cost automated market maker (AMM), SunSwap V4, which features programmable hooks that allow developers and AI agents to embed custom logic directly into liquidity pools.
JustLend DAO, TRON’s leading lending platform with over $7 billion in TVL, provides capital-efficient infrastructure for on-chain borrowing, lending, and staking. Through MetaMask, users can access energy rental services and yield opportunities, optimizing transaction costs and supporting sustained high-frequency activity.
BitTorrent completes TRON’s on-chain and autonomous systems stack by providing cross-chain and data layers that allow the ecosystem to scale. BitTorrent Chain (BTTC) enables seamless interoperability between TRON, Ethereum, and BNB Chain, while the BitTorrent File System (BTFS) delivers secure, low-cost decentralized storage. Together, supporting scalable, cross-chain operations for both users and AI agents.
Expanding a Global Web3 GatewayWith MetaMask connectivity now supported across these dApps, users can manage TRON-based assets, transfer tokens such as TRX and USDT, and execute swaps directly within MetaMask. The addition of MetaMask connectivity across B.AI, SUN.io, JustLend DAO, and BitTorrent shifts user access to a unified wallet-based experience, improving usability and connectivity across blockchain networks.
As decentralized finance and AI-driven applications continue to converge, this milestone positions TRON’s ecosystem to scale alongside global user demand. By aligning high-performance infrastructure with a widely adopted Web3 gateway, the ecosystem is better equipped to drive liquidity, improve capital efficiency, and accelerate adoption of DeFi and AI use cases at scale.
About B.AIB.AI is a financial infrastructure built for the AI Agent era, designed to address the core challenges agents face in model access, payments, settlement, identity, and coordination. Through a unified API and settlement network, B.AI enables AI Agents to connect more freely to leading global models and services, while using agent wallets to pay, get paid, and exchange value autonomously. At the same time, B.AI builds verifiable identity and credit primitives for agents through on-chain accounts, helping AI evolve from software tools into economic actors that can transact, collaborate, and operate continuously at scale. By lowering barriers to model access, enabling seamless value transfer, and establishing an economic framework for intelligent agents, B.AI aims to accelerate the maturation of the AI Agent ecosystem, advance the real-world development of AGI, and make the benefits of AI more accessible to a broader range of users and developers.
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About SUN.ioSUN.io is the first decentralized autonomous platform on the TRON blockchain, distinguished by its integration of stablecoin trading, comprehensive token exchange, and liquidity mining capabilities. As a cornerstone of the TRON ecosystem, SUN.io is dedicated to optimizing trading liquidity and asset returns for its users. The platform empowers participants to stake SUN tokens, earning veSUN, which unlocks a suite of exclusive benefits, including enhanced rewards and voting rights in the platform’s governance.
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Elle
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About JustLend DAOJustLend DAO is TRON’s decentralized financial platform where users can earn yields through supplied assets, borrow digital assets against collateral, participate in TRX staking, and rent Energy. Committed to developing TRON-based DeFi protocols and providing all-in-one financial solutions to its users, there is now more than $7.6B Total Value Locked in the JUST Network.
The JustLend DAO provides a forum for its users to participate in governance and directives, while empowering its users with decentralized authority, trustless transactions, smart-contract automation, and security with transparent accountability.
Tokens in the JustLend DAO markets (TRX, BTT, JST, NFT, USDT, TUSD, USDD) are granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica. JustLend DAO exists to provide stable and convenient financial lending services for all users.
Engage with the JustLend DAO community via the JustLend DAO Portal, Telegram, Twitter, and the JUST Network.
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Harvey
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About BitTorrent ChainBitTorrent Chain (BTTC) is the world’s first heterogeneous cross-chain interoperability protocol, which adopts the PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts. It now enables interoperability with the public chains of Ethereum, TRON, and BNB Chain. Fully compatible with EVM, BitTorrent Chain facilitates the seamless transfer of assets across mainstream public chains. The governance token BTT, also known as BTTOLD on TRON Protocol was granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7th 2022.
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This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.
Since the Federal Reserve was created in 1913, the US dollar has lost about 97% of its purchasing power, according to the Bureau of Labor Statistics CPI-U.
A 1913 dollar buys roughly 3 cents’ worth of today’s goods, meaning $1 back then is worth about $33 to $34 in 2026.
What 113 Years of Inflation Actually Looks LikeThat figure is not a slogan. It reflects the official price index compounded over 113 years, through two world wars, the Great Inflation of the 1970s, and the 2021-23 spike. The 1971 end of gold convertibility accelerated the dollar’s stretch, and cash left idle was quietly taxed by inflation the entire time.
“Check out the biggest, kosher ponzy scam in recent history. The US dollar has lost 97% of its purchasing power since the Federal Reserve was created in 1913. A $3 item in 1913 would cost $100 today,” one user said on X.
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The US Dollar Has Lost 97% of Its Value Since 1913. Source: Federal Reserve Bank of MinneapolisBitcoin was designed in response to that system: a 21 million-coin cap paired with a declining issuance schedule. It did not exist in 1913, so the comparison is not one-for-one. As a store of value, though, its record since 2009 has been extreme in both directions.
Early buyers saw their purchasing power explode. Later buyers, by contrast, endured drawdowns of 50% to 80% within single cycles.
As of early September 2026, Bitcoin trades near $79,852, well below its October 2025 peak of $126,080. Since its inception, the token’s price has soared more than 59,000%, and over full market cycles, it has beaten cash and often beaten gold.
Bitcoin (BTC) Historic Price Performance. Source: BeInCryptoInside any single cycle, though, it can erase years of gains within months — the trade-off inherent to a scarce, non-yielding, narrative-driven asset.
How Institutional Access Changed the StoryUtility has reshaped Bitcoin’s role since then. Spot Bitcoin ETFs, approved in the United States in 2024, turned a bearer asset into a ticker that pensions, RIAs, and balance-sheet allocators can hold without managing private keys.
Those products have accumulated $55.62 billion in cumulative net inflows as of September 4, according to SoSoValue data, with total net assets across the category reaching $101.25 billion, equal to roughly 6.33% of Bitcoin’s entire market cap.
Adoption remains incomplete in several respects. Volatility stays high, regulation varies widely across jurisdictions, and energy and custody risks are real and unresolved. The US dollar still clears most global trade, prices most debts, and pays most wages worldwide. Bitcoin has not replaced that role as a unit of account.
What Bitcoin has done is offer savers an exit from a currency that official statistics say lost 97% of its purchasing power since 1913. Whether that exit functions as a genuine reserve asset, pure speculation, or some combination of both depends heavily on the investor’s time horizon.
Cash loses value slowly and predictably. Bitcoin can lose value fast, sometimes dramatically so, but over the long run, it has, so far, compounded gains faster than either cash or gold.
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Coinbase co-founder Fred Ehrsam wants to run at least three Venezuelan oil fields. Bloomberg reported the bid, citing people close to the private talks.
The blocks sit in the Orinoco Belt, and Trump officials are already weighing whether to strip the current operator, Alvorada Heavy Industries, of its contracts.
Inside Ehrsam’s Push for Venezuelan Oil FieldsEhrsam is no stranger to Caracas. He has traveled there repeatedly since May. His meetings covered oil, gas, fintech, and digital payments, Bloomberg said.
The oil talks run through Primavera, a company he co-founded to invest in Venezuela. Ehrsam has said nothing publicly, and Primavera declined to comment.
JUST IN: Coinbase co-founder Fred Ehrsam is reportedly seeking control of three Venezuelan oil fields as the US weighs revoking their current operator’s contracts. pic.twitter.com/t5lgOYWpMY
— EyeWhales (@EyeWhales) September 2, 2026 His access is unusual for a crypto founder. Ehrsam ran Coinbase as president until 2017 and still sits on its board, Paradigm says. He also advises the White House on science and technology.
Barrels are the slow part. Venezuela holds the world’s largest proven reserves at 303 billion barrels, OPEC data show. It still pumped only 783,000 barrels a day in 2023.
Recovery will not be quick. Rystad Energy expects national output to grow 17% by late 2028. That is roughly 194,000 extra barrels a day.
“Execution, not geology, remains the key constraint,” read an excerpt in a Rystad Energy upstream research.
The payments side of his pitch could move faster. Venezuela is moving toward formal dollarization, which widens the market for dollar rails.
Washington Reshuffles Venezuela Oil ContractsEnergy Secretary Chris Wright landed in Caracas late Tuesday, the Department of Energy said. He is expected to present as many as 17 oil and gas agreements.
Just touched down in Venezuela.
President Trump’s energy diplomacy is delivering results—advancing new energy deals, opening the door for American companies, and strengthening energy security across our hemisphere.
American energy leadership is back thanks to @POTUS.
— Secretary Chris Wright (@SecretaryWright) September 2, 2026 The state deal sets the terms any newcomer must accept. A White House fact sheet dated August 31 grants North American Blue Energy Partners 100-year concessions on 17 fields.
Those fields hold about 65 billion barrels. US territory holds roughly 46 billion, the fact sheet says.
Washington kept leverage. It took a 35% equity stake in the venture’s parent. It can also buy a fifth of production at cost.
Traders were unimpressed. Brent crude climbed toward $90 after the announcement instead of falling.
Oil has risen back above $90 for Brent Crude. Image Source: Trading EconomicsWright’s signings this week will show whether Alvorada keeps its blocks. Only then will it be clear whether Ehrsam is bidding for something available.
The investigation, according to U.S. Attorney Jeanine Pirro, also provided the names of thousands of individuals who tried to give money to Hamas.
The Department of Justice announced that it had seized $560,000 in cryptocurrency destined for Hamas, which was designated a Foreign Terrorist Organization, as well as fundraising and recruitment communication platforms and websites the group used.
“These seizures deprive Hamas of resources it relies on to recruit and radicalize individuals online and finance barbaric attacks like the one on October 7, 2023,” Assistant Attorney General for National Security John A. Eisenberg said in a statement.
A group chat claiming association with Hamas on an encrypted communications platform directed supporters to a fundraising website and provided donors with a rotating set of cryptocurrency donation addresses, according to court documents.
U.S. Attorney Jeanine Pirro called the seizure a "massive blow against foreign terrorism." The funding, Pirro said, was going to be used by the military wing of Hamas, the Al Qassam Brigade.
The investigation, she said, also provided the names of thousands of individuals who tried to give money to Hamas.
"My message to Hamas is clear. Your networks are not secure. Your crypto is vulnerable, and we will not stop until your ability to wage war is defeated once and for all," Pirro said in a video posted on X.
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The S&P 500 edged lower despite favorable results from NVIDIA, which comfortably beat the market’s expectations, while core PCE inflation held steady in July.
The cash session had closed nearly flat hours earlier, at 7,675.70 points, ahead of the quarterly report.
The S&P 500’s Cautious Path Into EarningsNVIDIA carries the single largest weight of any company in the S&P 500, making its quarterly report one of the most consequential single events for the index each year. That outsized influence explains why the benchmark spent Wednesday’s session trading in a tight, hesitant range.
S&P 500 Performance. Source: TradingViewThe index had climbed 0.32% on Tuesday to 7,677.28, its third straight winning session, as retreating Treasury yields broadly lifted technology shares.
That momentum stalled on Wednesday, with futures slipping modestly in the hours before the report as investors digested the morning’s inflation data and positioned defensively ahead of the print.
The core personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, rose 0.2% month over month and 3.3% year over year in July, exactly in line with economists’ expectations. That reading gave the Fed no fresh reason to tighten policy, though it did little to resolve the broader uncertainty weighing on the index.
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JUST IN: PCE Inflation for July was 3.7%. That's slightly worse than expected (and still close to a three-year high). The monthly increase was +0.2% (vs. 0.1% expected).
Core PCE which excludes food and energy was 3.3%.
The monthly increase was +0.2%
Bottom line: The war in… pic.twitter.com/EM0osr5Yni
— Heather Long (@byHeatherLong) August 26, 2026 The headline figure ran a bit hotter. Total PCE climbed 0.2% monthly and 3.7% annually, both readings 0.1 percentage points above forecasts, leaving the rate-cut debate unresolved just as NVIDIA prepared to report.
The 30-year Treasury yield had touched levels not seen in nearly two decades the previous week, and two days of falling yields had helped technology stocks recover some lost ground. The inflation report alone was not enough to reverse that underlying pressure, leaving the S&P 500 vulnerable to any disappointment from the day’s main event.
NVIDIA Beat Expectations, but the Market Didn’t CelebrateNVIDIA (NVDA) closed the regular session at $209.66, down 1.59% from the previous close, according to TradingView data. In after-hours trading, however, shares jumped to $218.72, up 4.32%, as the market digested a quarter that beat consensus by a wide margin.
NVIDIA reported revenue of $96.2 billion, well above the roughly $92 billion consensus, representing a 106% year-over-year increase. Earnings per share came in at $2.22, comfortably beating the $2.09 estimate and more than doubling the $1.05 posted a year earlier.
Gross margin stood at 75%, though the company guided for a slight dip to 74% next quarter. Hyperscaler revenue more than doubled to $48.7 billion, while the AI cloud, industrial, and enterprise segment added $40.3 billion, up 138%.
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$NVDA delivered 😏
• Revenue $96.2B vs Est. $91.9B
• EPS $2.22 vs Est. $2.09
• Data Center $89B vs Est. $86B
• Gross Margin 75% vs. Est. 75%
Q3 Guidance
• Revenue $108B vs Est. $104B
• Gross Margin 74% vs. Est. 75%
Jensen Huang: “AI has reached its inflection point.” pic.twitter.com/CQpCk1muh7
— Shay Boloor (@StockSavvyShay) August 26, 2026 CEO Jensen Huang described demand as accelerating, saying AI has reached its inflection point and that compute now generates real revenue. Despite that optimistic tone, S&P 500 futures reflected some early hesitation, as investors weighed the report against the index’s broader valuation concerns tied to its heavy concentration in AI-linked names.
That reaction is not entirely unusual. NVIDIA has spent several consecutive quarters in which, even after beating Wall Street’s estimates, its shares have struggled to hold gains, as the market demands increasingly ambitious guidance to justify its valuation. The company has posted only modest gains so far in 2026, well below the pace of prior years.
Fed Chair Kevin Warsh’s speech at Jackson Hole on Friday now looms as the next major catalyst for markets.
In a letter responding to Sen. Elizabeth Warren, Bessent said sharp moves in the yen could trigger “forced unwinds” of financial positions, potentially destabilizing global markets and pushing up borrowing costs for U.S. households and businesses
U.S. Treasury Secretary Scott Bessent is defending Washington’s recent intervention to support Japan’s yen, warning that a disorderly decline in the currency could have consequences far beyond Japan.
In a letter responding to Sen. Elizabeth Warren, Bessent said sharp moves in the yen could trigger “forced unwinds” of financial positions, potentially destabilizing global markets and pushing up borrowing costs for U.S. households and businesses.
"Disorderly yen markets can trigger forced unwinds, which could destabilize global markets and ultimately raise borrowing costs for American families and businesses," he wrote in the letter sent on Thursday, according to Reuters.
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The boldest S&P 500 forecast on Wall Street sees 9,000 by year-end, roughly 17% above where the index trades now. The fuel is the AI boom and a wall of idle cash.
The warning is that the same AI trade turns into the market’s biggest risk in 2027.
Can the S&P 500 Really Hit 9,000 This Year?One of the Street’s sharpest bulls thinks so. Evercore ISI’s Julian Emanuel puts 9,000 on the table as his upside case, about 15% above his base call, helped by $8 trillion parked in money-market funds. If that cash starts chasing stocks, it becomes the fuel for a final push higher.
The S&P500 could hit 9000 in 12 months, per Evercore
— unusual_whales (@unusual_whales) August 17, 2026
The number sits far above the Street’s average year-end target near 7,555, so it is a stretch call, not the consensus. Its best hope is that idle $8 trillion, because if even part of it rotates into stocks, the run toward 9,000 gets real fuel.
$8 Trillion Is Sitting on the Sidelines: BeInCryptoThe whole case still rests on one engine, and that engine is AI.
Why Is AI Driving the Forecast Higher?That engine runs on a handful of names. The AI boom flows to the megacaps that build and sell it, the Magnificent 7, meaning Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla. Their chips, cloud platforms, and models are the record AI earnings carrying the market.
🚨The AI boom is getting harder to justify:
Average LLM token cost is down to $1.05 per 1 million tokens, the lowest since December.
AI token prices are falling as models become more efficient, while the cost of the infrastructure needed to run them remains enormous.
At a… pic.twitter.com/oe8lokB9cE
— Global Markets Investor (@GlobalMktObserv) August 17, 2026
Those same seven make up about 34% of the S&P 500, up from roughly 12% eight years ago.
How Top-Heavy the S&P 500 Has Become: BeInCryptoSo when AI lifts them, it lifts the whole index, and that concentration is the crack in the floor.
What Could Break the S&P 500 Forecast in 2027?The crack shows up first in the spending. Combined hyperscaler capex has jumped from about $226 billion in 2024 to roughly $725 billion in 2026, and analysts see it topping $1 trillion in 2027. Revenue has not kept pace, and free cash flow has turned negative for the first time in decades.
Big Tech’s AI Spending Is Exploding: BeInCrypto
Bank of America now expects the six largest hyperscalers to spend $3.6T on AI infrastructure through 2028, up 17% from its estimate just a month ago. BofA sees hyperscaler capex on a path to surpass $1T in 2027.
— Wall St Engine (@wallstengine) August 18, 2026
That trillion-dollar mark is why 2027, and not 2028, is the year to watch. It is when the spending crosses a trillion dollars (for the first time), and the pressure to prove the revenue behind it runs highest.
The threat is not only cost, but it is also competition, because chips are the backbone of AI. Chinese chip demand is skyrocketing, with the country’s integrated-circuit revenue jumping 22% in 2025 to a record $245 billion and nearly doubling since 2020. That is a direct challenge to the US chipmakers that the rally leans on.
Demand for Chinese chips is skyrocketing:
Chinese integrated circuit industry revenue jumped +22% YoY in 2025, to a record $245 billion.
Since 2020, Chinese chip industry sales have nearly doubled.
As a result, China now accounts for ~6% of the global semiconductor market.… pic.twitter.com/EXxJSM2KiN
— The Kobeissi Letter (@KobeissiLetter) August 17, 2026
Still, the shift takes time. China holds only about 6% of the global semiconductor market against North America’s 53%, so it chips away at US dominance slowly rather than all at once.
China’s Chip Industry Is Surging: BeInCryptoEven so, European Central Bank economists have already warned the AI rally is setting up a correction.
Is This a Bubble?That risk raises the obvious question. White House economic adviser Kevin Hassett says markets are not in an AI bubble, pointing to the real earnings behind the spending.
JUST IN: 🇺🇸 White House Economic Advisor Kevin Hassett says markets are not in an AI bubble.
— Watcher.Guru (@WatcherGuru) July 30, 2026
Investment firm GMO counters that this could be the largest capital investment bubble on record, with valuations stretched to levels rarely seen.
JUST IN: Stocks are now trading at their most expensive valuations ever, surpassing levels seen during both the Dot-Com Bubble and the 2008 Financial Crisis.
— Polymarket Money (@PolymarketMoney) August 16, 2026
Both can be right in sequence. The buildout can carry stocks through 2026 and still overshoot, which is exactly what the chart is now testing.
What Are the Key S&P 500 Levels to Watch?Right now, that test is playing out on the tape. Since June 9, the S&P 500 has climbed inside a rising channel, the steady uptrend the bull case needs, but the price slipped after a high around August 13 as the AI and chip names that carry the index cooled, with the semiconductor index down about 5% into mid-August.
S&P 500 Price Analysis: TradingViewThe levels decide the next leg. A reclaim of 7,807 and then 7,881 puts 8,000 back in play, the biggest hurdle on the way up. Clear it and the chart’s own extension points toward 8,506, and a breakout above the channel opens the 9,011 zone that matches Wall Street’s 9,000 call.
Analyst’s View: This is where the two ends of the story meet. The same AI strength that could carry the S&P 500 to 9,000 in 2026 is the force that fades in 2027, so the rally and the warning share one root. The next few quarters settle which wins. Watch whether Nvidia’s guidance and hyperscaler capex hold, whether that $8 trillion in cash rotates into stocks, and whether Chinese chips keep eating US demand.
If spending stays high and demand scales, the bullish S&P 500 forecast holds. If the money sits still and capex slows first, 2027 is where the slowing signs emerge.
The bill would divide regulatory authority over the digital asset market, giving the Commodity Futures Trading Commission a larger role while defining which cryptocurrencies should fall under the jurisdiction of the Securities and Exchange Commission.
The Senate advanced legislation on Saturday that would establish the first comprehensive federal framework for the cryptocurrency industry.
The final vote will take place when Congress returns in September from its August recess.
Senate Majority Leader John Thune, R-S.D., took procedural action to advance the CLARITY Act, which is a major priority for the cryptocurrency industry.
The bill would establish clearer rules for digital assets and determine whether particular tokens fall under securities or commodities laws, according to the Associated Press.
The bill would divide regulatory authority over the digital asset market, giving the Commodity Futures Trading Commission a larger role while defining which cryptocurrencies should fall under the jurisdiction of the Securities and Exchange Commission.
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The Fed, as expected, kept its policy interest rate unchanged at 3.50-3.75 percent. Thus, the Fed did not change interest rates for the fifth consecutive meeting.
The Federal Open Market Committee (FOMC) decision was made with a 9-3 vote. Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan voted in favor of raising the policy rate by 25 basis points.
The fact that three regional Fed presidents voted against a rate hike at the same meeting was the first time this had happened since 2016. The decision signaled that members within the Fed who advocate for tighter monetary policy to combat inflation were gaining strength.
Fed: Economic activity is growing at a strong pace In its decision statement, the Fed noted that economic activity expanded at a strong pace despite high uncertainties, partly stemming from conflicts in the Middle East.
The statement noted that productivity growth and capital investment remained strong. It also stated that employment growth was consistent with the increase in labor force size, and the unemployment rate remained relatively stable.
The Fed also stated that it will continue its policy of ensuring sufficient reserves in the banking system.
The decision statement emphasized that inflation continues to remain above the Fed’s 2% target. It noted that supply shocks, which have driven up prices in some sectors including energy, are increasing pressure on inflation.
The committee stated that it will continue to closely monitor economic data and risks in line with its objective of ensuring price stability.
Hammack, Kashkari, and Logan, who support an interest rate hike, argued that the target range for the federal funds rate should be increased by 25 basis points at the meeting.
*This is not investment advice.
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