☕️ GM! Here are the most important market events over the last 24 hours:
🌍Market Overview:
🔸 The US imposed 50% tariffs on some Canadian products Saturday after trade talks collapsed Friday, hitting roughly $20 billion of imports. Mark Carney says Canada's retaliatory tariffs start Sept. 8.
🔸 Nvidia will raise the cost of servers built around its Vera Rubin and Grace Blackwell chips by more than 15% in many cases, Bloomberg reported Saturday. The increases hit systems shipping early next year.
🔸 Trump's June disclosure, filed Aug. 22, lists 1,051 transactions worth $78.1 million to $263.1 million. The trust his children manage sold Meta on June 18 and bought Berkshire Hathaway and Visa the same day.
🔸 OpenAI asked California to strengthen SB 53, the AI safety law it opposed last year, and wants frontier models monitored during training. It now backs what it calls reverse federalism on state AI rules.
🔸 Ray Dalio says Scott Bessent's Treasury buyback plan fits a pattern that signals a coming debt crisis, with the US spending about 40% more than it collects. He told investors to hold gold and bitcoin.
🔸 London lab Inherent says its Faraday agent beat Claude Opus 4.8 and GPT-5.5 at reproducing published research, running on a 27-billion-parameter Qwen 3.6 model weeks after a $50 million seed round.
🪙Crypto Updates:
🔸 Zcash hit an eight-year high near $855 Saturday, its best level since 2018, after Grayscale filed a fifth amended registration to list its trust as The Zcash ETF on NYSE Arca at a 2.5% fee.
🔸 Eric Trump dismissed a viral claim that a new Trump coin was launching, calling it a fraud and writing that no one is launching any kind of coin. TRUMP still ran to $2.47, up 37.9%, and MELANIA added 18.4%.
🔸 The Sandbox halted Base and BNB Smart Chain bridging after an attacker hijacked LayerZero permissions to mint unbacked SAND. Bithumb and Upbit suspended SAND deposits and withdrawals.
🔸 BitMart is weighing payouts to creditors and a phased restart of some operations less than four weeks after saying it would close. It hired White & Case and expects a roadmap by Sept. 9.
🔸 Two more trade groups, the Crypto Council for Innovation and the Blockchain Association, sued Illinois over the 0.2% digital-asset tax the state approved, stacking a second suit on the levy.
🔸 US spot bitcoin and ether ETFs pulled in $2.61 billion across five sessions, their strongest combined week since October 2025 and a $3.01 billion swing from the prior week's $391.96 million outflow.
August 23, 2026 3.4K 5
