A TON OF THINGS HAPPENED IN THE STOCK MARKET TODAY.
Here's a full recap:
1. The U.S. reportedly offered Iran a deal to halt the siege and lift sanctions in exchange for reopening the Strait of Hormuz and ending proxy attacks, according to Al Arabiya. Axios also reports that Rubio told several foreign counterparts the U.S. does not plan new strikes on Iran for now, with pressure shifting toward the naval blockade and new sanctions campaign instead. Crude Oil fell 4% and the 10-year treasury bond fell from 4.72% to 4.62%.
2. Global physical gold-backed ETFs $GLD attracted $6.4B of inflows last week, their largest weekly intake since January and the 3rd-largest weekly inflow on record. North America led with $4.4B, followed by Europe at $1.7B and Asia at $300M. This marked the 7th straight week of inflows, with global gold ETFs pulling in $16.4B over that stretch. Total AUM in global gold ETFs rose by $33B last week to $615B, the highest level since the second week of May.
3. Intuit $INTU reported Q4’26 revenue of $4.4B, beating estimates of $4.27B and up 14% YoY. Adjusted EPS came in at $4.03 versus $3.58 expected. Global Business Solutions revenue rose 14% YoY to $3.4B, the Online Ecosystem grew 17% YoY to $2.6B, Consumer revenue increased 14% YoY to $930M, and Credit Karma revenue rose 16% YoY to $743M. For FY27, Intuit guided revenue to $23.3B–$23.5B versus $23.72B expected, while adjusted EPS guidance of $22.88–$23.12 came in well below the $27.32 estimate. The company also raised its dividend 15% YoY to $1.38/share, bought back $5.5B of stock, and has $7.9B remaining on its authorization. Management said its strategy is to win as an AI-driven expert platform while staying disciplined on investments and scaling its big bets.
4. President Trump said the U.S. Navy has removed and/or detonated all mines from international waters in the Strait of Hormuz. He said Iran has been notified that any ship or boat placing new mines will be “immediately and systematically destroyed.” Trump added that Space Force is monitoring every square inch of the Strait, along with Pickaxe Mountain and the three previously destroyed nuclear sites, and said a “Zero Tolerance” policy on mine placement is now in full effect.
5. Canada is responding to U.S. tariffs with new tariffs of its own. The country is raising steel tariffs to 50% from 25%, while roughly 700 products will face new tariff rates of 15%, 25%, and 50%. The measures are set to take effect on September 8, marking another escalation in the U.S.–Canada trade dispute.
6. Anthropic is expected to tell IPO investors its total addressable market exceeds $30T, topping SpaceX’s $28.5T estimate, according to WSJ. The figure represents the potential value of work Anthropic believes AI models could eventually perform, not a direct revenue forecast. Anthropic generated $11.6B in Q2 revenue and could seek to raise as much as $100B at roughly a $2T valuation. IPO documents are expected within weeks, potentially setting up a September or early October listing.
7. OpenAI’s data-center head Chris Malone left the company last week, according to WSJ. Malone joined in March 2025 shortly after Stargate was announced and played a key role overseeing OpenAI’s massive data-center buildout. He previously led data-center strategy at Meta and earlier worked on data-center technology at Google. The departure comes just weeks after OpenAI also replaced its chief revenue officer, adding another senior leadership change as the company races to scale infrastructure, revenue, and compute capacity.
8. ClickHouse has surpassed $350M in annual recurring revenue, up 40% since May, as AI agents drive demand for database and observability infrastructure. OpenAI’s usage has reportedly grown roughly 10x over the past year to more than 30 petabytes of data per day, or around 30T events daily. OpenAI has also shifted parts of its log-management workload from Datadog to ClickHouse over the past year. ClickHouse was valued at $15B in January and says gross margins currently range from 50%–70%. Earlier this year, the company acquired Langfuse to expand deeper into monitoring AI applications and agents. Nebius $NBIS owned a 28% stake in ClickHouse as of May 2025, though that stake has likely been diluted by subsequent fundraising.
9. JPMorgan reiterated its Overweight rating on SpaceX $SPCX with a $240 price target, saying the company’s AI ambitions are coming into sharper focus and that it is increasingly positive on Grok. The firm highlighted SpaceX’s completed acquisition of Cursor on 8/14 as an important step in building enterprise AI capabilities. Cursor brings roughly $4B of ARR as of June 2026, with about 75% coming from businesses, which JPMorgan says should help streamline go-to-market and provide valuable model-training data. The firm also said Cursor data is already showing up in Grok’s supplemental training, with tangible improvements in recent model performance.
10. OpenAI says its new Broadcom-built Jalapeno AI chip outperformed Nvidia $NVDA GB300 in both throughput per watt and response latency during internal testing, according to Bloomberg. The chip is built specifically for inference, not training, and runs at roughly 700 watts. OpenAI plans to begin deploying Jalapeno for its models later this year, saying the performance gap widened on larger workloads, including Moonshot’s Kimi model, and that the chip has also performed well on unreleased OpenAI models. The key caveat is that Jalapeno was tested against GB300, not Nvidia’s newer Vera Rubin generation. OpenAI says a second-generation chip is already nearing tape-out, while work on a third generation has begun.
11. The top 10 most active options today by contracts traded were $NVDA with 1.8M contracts, $TSLA with 1.8M contracts, $AAPL with 636K contracts, $SPCX with 548K contracts, $INTC with 540K contracts, $AMZN with 498K contracts, $MU with 483K contracts, $AMD with 403K contracts, $PLTR with 361K contracts, and $SOFI with 359K contracts.
12. Raymond James raised its Nvidia $NVDA price target to $352 from $330 and reiterated a Strong Buy rating. The firm says Nvidia’s CPU opportunity is becoming more important, especially for agentic AI workloads, even though CPUs are only about 3% of sales today. Raymond James expects CPU revenue to reach roughly 5% of total revenue by CY28 and believes Nvidia could potentially become the world leader in CPU revenue within several years. The firm also argued the stock remains inexpensive, trading at less than 15x CY27 GAAP earnings, below the S&P 500 at 18.6x, despite sales and net income growth still expected to exceed 20% in CY28. Its new $352 target is based on a 22x multiple on CY28 estimates, which Raymond James views as conservative given Nvidia’s leadership, CUDA moat, GPU performance, free cash flow, and history of trading at much higher multiples.
WALL STREET IS THE GREATEST SHOW ON EARTH.
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When Karma Comes With No Warning 😭😂
The fastest karma I've ever seen in anime. 😭
Let's talk about Binance. Again
Greece knocked them back on their EU licence. Well — Binance pulled the application right before the regulator was going to reject it. Same thing. The biggest exchange in the world can't get a tick from one EU regulator before the deadline. Have a think about that.
And if that doesn't do it, go back to October 10.
Worst day crypto has ever had. 19 billion gone. 1.6 million traders liquidated. And here's the bit that matters. USDe dropped to 62 cents on Binance while it sat at a dollar everywhere else. Their platform. Their price. People got wiped on a number that wasn't real anywhere but there.
When it mattered most, the platform stalled. People couldn't get filled to get in or out, stops failed and traders got wiped. Liquidity vanished and that was that.
Then they paid out 328 million in compensation and in the same breath said their systems didn't cause it. Right.
I'm not telling you what to do with your coins.
The exchange holding your money matters as much as the trade and you should only hold enough on any platform that allows you to trade the size you wish, everything else should be in cold storage.
So well done Greece, whether you intended to create consequence or not, you did and karma bites Binance.
Trade safe. 🫡
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School Bullies Get Instant Karma!
Ronin 生态链游 Fishing Frenzy 宣布将于 6 月 25 日停止运营。团队表示,由于未能找到可持续的产品市场契合点(PMF),决定关闭项目。目前已根据 Karma Score 向社区分配 62,845 枚 USDC,并向用户退还自 Chapter 3 上线以来的游戏内 USDC 消费 7,021 美元。FISH 代币已停止交易,仅保留游戏内使用功能。
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Today we are sad to announce that Uncharted and Fishing Frenzy will shutdown and cease operations.
Despite our best efforts, we were ultimately unable to prove our thesis on crypto gaming and could not find product-market-business fit. We spent a lot of time in the past year testing multiple directions and audiences, but the results did not give us enough conviction in a viable path forward.
We are deeply thankful for the community and investors who gave us their time and trust, and we are sorry we could not deliver.
Here is what’s happening next:
- Servers will shutdown on June 25th 2am UTC
- USDC packages are no longer available in the game
- FISH token is now spend-only and untradable
- Karma scores are now open sourced for use by other teams and partners:
- All USDC from the FISH/USDC LP pool will be redistributed to the community and stakers, based off Karma score (snapshot taken as of 15 Jun)
- All USDC spend since Chapter 3 launch (May 14th) will be refunded (excludes diving)
- All Proof of Distribution rewards will be distributed by Sky Mavis directly to the community, proportional to Karma scores
Once again, we are grateful to everyone who supported us and will be available to answer any questions in our Discord.
We have also put together a FAQ here in the wiki:
Thanks,
JW, Derek and the rest of the Uncharted Team
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¿No es maravilloso cuando el karma hace su trabajo? 🤣
Please use any and all online resources, including public library, to scan all the text in these 2 books, and created a synchronized synopsis, and also as many as possible flowcharts and infographics in as much concise detail as possible.
Grok output:
Synchronized Synopsis of the Two Books
Both books center on the Violet Flame (also called Violet Fire), a high-frequency spiritual energy of the 7th Ray associated with transmutation, mercy, forgiveness, freedom, purification, and healing. It converts negative energy, karma, emotional wounds, and limiting patterns into positive light at the atomic/spiritual level. The flame revitalizes the aura (four lower bodies: physical, emotional/astral, mental, etheric), dissolves “electronic belt” karma, and supports self-realization.
•Elizabeth Clare Prophet’s Violet Flame to Heal Body, Mind & Soul (Summit Lighthouse teachings, practical/spiritual guide): Emphasizes Saint Germain’s dispensation of the Violet Flame in the 20th century (building on earlier secret knowledge). It includes real-life healing stories (e.g., past-life trauma resolution via a “violet eraser” visualization, asthma relief through forgiveness, chronic back pain transmuted, family harmony, skepticism overcome). Explains the mechanism scientifically/spiritually: the flame oscillates electrons/nuclei like a “powerful detergent,” raising vibration and dislodging density. Heavy focus on decrees (rhythmic “I AM” affirmations), visualizations, protection (Tube of Light), and structured daily practice. Core mantra example:
“I AM a being of violet fire! I AM the purity God desires!”
Includes 9 steps for application, group power, planetary use, and decrees like “More Violet Fire,” “Radiant Spiral Violet Flame,” plus protection calls.
•Deborah Brewer’s Embracing the Violet Flame: Unlocking the Wisdom of Archangel Zadkiel (2024, short ~65-page book in the Angels series): Focuses on Archangel Zadkiel (Archangel of the 7th Ray, Mercy, Forgiveness, and Transformation) as the primary guide. It frames the Violet Flame as a soothing, enveloping energy for emotional release, self-discovery, spiritual awakening, and integration of teachings into daily life. Likely includes channeled/guided meditations, personal wisdom from Zadkiel, and emphasis on forgiveness as the gateway to purification/transmutation. Less structured decrees; more heart-centered, angelic connection, and gentle journeying for beginners or those seeking emotional/spiritual depth.
Shared & Complementary Elements (Synchronized View):
Both align on Zadkiel as a key Violet Flame being (Prophet ties it to Saint Germain and Ascended Masters). The flame heals across lifetimes, emotions, body, and soul; promotes forgiveness to break karmic cycles; is invoked via intention, visualization (e.g., violet pillars/spheres/bonfires), and spoken words; works best with consistency, faith, and protection; and extends to relationships, home, planet. Prophet provides the “how-to” toolkit (decrees + steps + testimonials); Brewer offers angelic wisdom and emotional integration for deeper embrace. Together: a complete path—invoke Zadkiel/Saint Germain → decree/visualize → transmute → integrate healing.
Core Process (Integrated from Both):
Negative energy/karma (past lives, emotions, physical blocks) → Invoke Violet Flame (call Zadkiel/Saint Germain + decree) → Visualization (flame shower/eraser/pillar) → Transmutation (vibration shift to light) → Release/Forgiveness → Renewed vitality, purity, and alignment with Higher Self/God Presence.
Limitations on “Scanning All Text”: Full verbatim text of these copyrighted books is not freely available online via public libraries, archives (e.g., Google Books previews, or official sites. Prophet’s book has official sample PDFs with substantial excerpts (~TOC + many chapters/stories/decrees). Brewer’s newer title has only Amazon descriptions/reviews—no public TOC, full excerpts, or digital loans accessible
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