Asymmetric Jump

Asked Claude to dig up every CPI week that followed a −3% Nasdaq week since 2018. 14 cases. Here's how Nasdaq and $BTC traded: • CPI day: Nasdaq green 8/14, BTC 10/14 • CPI week: coin flip • Next week, with the Fed hiking: green just 2/7 Bounce first. Fade after.

$IONQ Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $173.8M (Est. $142M) 🟢; +336% YoY 🔹 Adj. EPS: -$0.29 (Est. -$0.38) 🟢 🔹 GAAP EPS: $1.42 FY26 Guide: 🔹 Revenue: $505M-$515M (Est. $455M) 🟢 🔹 Quantum Computing Revenue Growth: 110% YoY Segment Net Revenue: 🔹 IonQ Platform: $90.3M; +127% YoY 🔹 SkyWater Foundry Services: $83.5M Announcements: 🔹 DARPA Stage C: potential program value up to $300M 🔹 NVIDIA: first on-premise Superion 256 system 🔹 SDT Contract: $33M for Superion 256 and quantum memory 🔹 DARPA Contract: $28M for 25 optical atomic clocks; $30M option 🔹 Florida International University Contract: $25M for Superion 256 Key Updates: 🔹 Gain on Warrant Liabilities: $896.2M; drove GAAP EPS of $1.42 🔹 Remaining Performance Obligations: $1.2B; more than doubled 🔹 Cash, Equivalents & Investments: $3.7B pro forma Comments: 🔸 “Third quarter revenue of $173.8 million reflects increasing demand for our quantum technologies and the benefits of our vertically integrated quantum manufacturing capabilities through SkyWater.” 🔸 “We are pleased to raise our full-year 2026 revenue guidance to an industry record of more than half a billion dollars.”

Tachyon Group (led by Sean Bowe) and Shielded Labs just posted a proposal to end future funding of the Zcash Community Grants program and reduce its treasury. ⤵️

The cybersecurity landscape has dramatically changed. Being able to build up your defenses using AI, while keeping that research private, is now critically important – and we want to make that available to everyone. We just rolled out NEAR AI Cybersecurity program: access to uncensored models for security scanning. All your code, prompts, and findings stay private. Everything runs inside secure enclaves and is encrypted end-to-end.

trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States. In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for stocks, indices, and commodities, and have become trusted reference points for retail and institutions alike when traditional markets are closed. Much of the world trades them. Until now, Americans could only watch. We intend to change that. Subject to CFTC approval, trade[XYZ] and ICE plan to establish a new, dedicated U.S. market, with novel exchange and clearing infrastructure built on Hyperliquid. Planned contracts span equities, indices, commodities, FX, and crypto, with access through participating brokers and platforms. We’ll share more on products, eligibility, and timing as approvals progress. ICE brings more than 25 years of experience operating regulated markets, clearing, and managing risk. trade[XYZ] brings the product development, market design, and technology behind the most liquid and robust markets on Hyperliquid. Innovation and the protections of U.S. regulation shouldn’t be a trade-off. Together, we plan to prove it. ICE is making a strategic investment in trade[XYZ] and joins us in building towards the future of Hyperliquid. A small group of market luminaries is joining as well, beginning with Stan Druckenmiller. For more than four decades, few investors have anticipated the great turns in markets as often as Stan. We’re proud to have him with us for the next one. We’re building the U.S. market in parallel with our existing HIP-3 markets, which we’ll continue to expand and innovate on. We expect both to flourish. They each have a long road map ahead, from new asset classes to new ways to trade them. To the Hyperliquid community, whether you were here before us or came because of us, thank you. You took a chance on new markets and you made them matter. You’ll forever be a part of this story. Anything. Anytime. On ICE[XYZ].