Blockonomi

Key Takeaways
Ford shares increased 1.5% to $14.62, while analysts project an average price of $15.68
The automaker aims to deliver more than 100,000 units of its approximately $30,000 Fathom electric pickup during its debut year
Successfully reaching this target would make the Fathom the first non-Tesla electric vehicle to achieve six-figure sales for a single model annually
Second-quarter earnings per share exceeded forecasts at $0.42 compared to the anticipated $0.33, despite a 3.8% year-over-year revenue decline
Challenges include a recall affecting roughly 148,663 Mustang units, declining domestic sales figures, and concerns regarding dividend continuity
Shares of Ford Motor (F) advanced 1.5% during Friday’s trading session, closing at $14.62, as market participants responded favorably to the automaker’s aggressive sales projections for its forthcoming Fathom electric pickup truck.
The Detroit-based manufacturer has set an ambitious goal of delivering over 100,000 Fathom units during the vehicle’s inaugural year of availability. With a starting price point near $30,000, the truck is strategically positioned to attract consumers seeking alternatives to traditional gasoline-powered or hybrid vehicles.
Achieving this milestone would establish Ford as the first automaker besides Tesla to surpass the 100,000-unit threshold for a single electric vehicle model within a twelve-month period. By comparison, General Motors moved approximately 170,000 electric vehicles during the previous year, though those sales were distributed across multiple models in its EV portfolio.
The Fathom features a substantial touchscreen interface, Ford’s BlueCruise hands-free driving assistance technology, and seamless Apple Maps connectivity.
However, a significant omission remains. Ford has yet to disclose official towing specifications for the Fathom. This information is critical for potential customers who regularly depend on their pickups for hauling and towing applications, and the absence of this data could discourage some traditional truck buyers from transitioning to electric.
Additionally, the electric vehicle sector across the United States faces headwinds following the elimination of federal purchase incentives, making Ford’s six-figure sales objective particularly challenging.
Strong Earnings Performance Despite Revenue Decline
Ford delivered second-quarter earnings of $0.42 per share, surpassing Wall Street’s consensus estimate of $0.33 by $0.09. Total revenue reached $48.30 billion, exceeding analyst projections of $47.24 billion.
Despite the earnings beat, revenue declined 3.8% when compared to the corresponding quarter in the prior year. During Q2 of last year, the company reported earnings of $0.37 per share.
Wall Street forecasts full-year earnings per share of $1.86 for Ford.
Over the trailing twelve months, Ford’s stock has appreciated 22.74%. The 50-day moving average currently stands at $14.09, while the 200-day moving average is positioned at $13.52.
Wall Street Outlook and Price Projections
The Street maintains a cautiously optimistic stance. JPMorgan elevated its price objective from $16 to $17 while maintaining an “overweight” rating. TD Cowen increased its target from $13 to $15, though it kept a “hold” designation. Royal Bank of Canada similarly raised its forecast from $13 to $15.
The aggregate analyst consensus settles at “Hold,” with an average price objective of $15.68. Recent estimates from the past quarter suggest an average target of $15.88, indicating approximately 9% potential appreciation from present trading levels.
Among coverage, eight analysts recommend buying Ford, ten suggest holding, and one advises selling.
The company distributed a quarterly dividend of $0.15 on September 1, translating to an annualized distribution of $0.60 and a yield of approximately 4.1%. Questions have emerged among certain investors regarding the long-term viability of this dividend payment given the company’s leverage and profitability pressures.
Safety Recall and Military Contract Opportunities
The automaker is recalling roughly 148,663 Mustang vehicles spanning model years 2024 through 2026 due to electrical wiring issues that may result in power loss and disable essential vehicle systems.
In more encouraging developments, Ford is actively pursuing defense sector opportunities, including collaboration with General Dynamics Land Systems and Ricardo on the United Kingdom Ministry of Defence’s £2 billion Light Mobility Vehicle procurement program.
The post Should You Buy Ford (F) Stock Ahead of the Fathom EV Launch? appeared first on Blockonomi.

Key Highlights
AI infrastructure firm Nscale pursues $3.5 billion in capital before its public offering, with Nvidia expected to commit $2 billion
Hedge fund Third Point to spearhead up to $1.5 billion in convertible debt instruments
Goldman Sachs serves as financial advisor for the capital raise
Company boasts $103 billion in secured customer agreements, highlighted by a $45 billion Anthropic partnership
Planned public offering aims to generate another $3 billion, targeting over $30 billion company valuation
Nscale, an AI cloud infrastructure provider headquartered in London, is currently negotiating a $3.5 billion financing round ahead of its stock market debut. The financing package encompasses $1.5 billion through convertible debt and a possible $2 billion equity stake from semiconductor giant Nvidia.
NSCALE SEEKS $3.5B IN PRE-IPO FINANCING
Nscale is in talks to raise up to $1.5B through convertible notes, with Third Point set to lead, while separately seeking about $2B in financing from $NVDA, per Bloomberg.
The AI cloud company could then raise another ~$3B in an IPO.… pic.twitter.com/CadecHWpcm
— Wall St Engine (@wallstengine) September 4, 2026
Goldman Sachs has been tapped to orchestrate the capital raising initiative. Daniel Loeb’s hedge fund Third Point is positioned to anchor the convertible note segment of the transaction.
Investors participating in the convertible note offering will receive terms featuring a double-digit markdown compared to Nscale’s ultimate IPO pricing. This favorable conversion discount applies up to a $30 billion company valuation threshold. Beyond that benchmark, the conversion rate becomes locked.
The AI infrastructure company achieved a $14.6 billion valuation in March following the completion of a $2 billion Series C financing. Nscale commenced operations in 2024.
$103 Billion in Customer Commitments Anchored by Anthropic Partnership
Central to Nscale’s investment thesis is its substantial pipeline of customer commitments. The firm reports approximately $103 billion in secured contractual obligations.
The cornerstone agreement is a six-year, $45 billion contract with AI research company Anthropic. This arrangement grants Anthropic access to computational resources housed at Nscale’s West Virginia data center complex.
Company presentations to potential investors suggest these agreements could generate approximately $18.1 billion in yearly revenue alongside roughly $13.6 billion in adjusted EBITDA. Nscale emphasized these figures represent illustrative scenarios rather than official financial projections.
The company maintains full ownership and control of its data center infrastructure, GPU inventory, and proprietary software platform. The majority of deployed processors are Nvidia Blackwell GPUs. Additionally, Nscale has secured purchase commitments for approximately 194,000 Nvidia Vera Rubin GPU units.
Strategic Diversification Into Robotics and Enterprise Software
Nscale is expanding beyond traditional cloud computing services into the robotics sector. The company recently finalized an agreement to supply robotics developer Figure with a minimum of $3.5 billion in computational infrastructure.
As part of this strategic partnership, Nscale will acquire an equity position in Figure. Separately, in July, the company completed a $1.65 billion acquisition of AI software specialist Anyscale.
A substantial data center complex is under construction in Norway. This Norwegian facility is being purpose-built to accommodate Microsoft’s infrastructure requirements.
An additional major data center campus is in the planning stages for West Virginia, distinct from the existing facility currently serving Anthropic.
The planned IPO could generate up to $3 billion in additional capital beyond the pre-IPO financing round. Discussions regarding the offering’s final size and investor composition remain fluid and subject to modification.
Nvidia has not issued any public statement regarding the potential $2 billion investment commitment. Both Third Point and Nscale representatives declined to provide comment when contacted by Reuters.
The post Nvidia (NVDA) Eyes $2 Billion Stake in Nscale Ahead of Massive IPO appeared first on Blockonomi.

Key Takeaways
Scott Bessent, US Treasury Secretary, forecasts oil prices dropping to $40 per barrel following resolution of Iran tensions
Current Brent crude trading exceeds $95 per barrel on Friday, approaching July’s peak levels
US 10-year bond yields reached 2023 highs earlier this week
According to Bessent, correlation between oil prices and interest rates has reached unprecedented levels
Norway’s government pension fund evaluates potential $75 billion reduction in US Treasury positions
US Treasury Secretary Scott Bessent forecasts oil prices could plummet to $40 per barrel following the conclusion of military operations involving Iran. His remarks came during a Friday interview with Steve Bannon.
“Once we move past this Iran conflict, I anticipate oil prices declining,” Bessent stated. He suggested markets might witness crude trading at $50 or potentially $40 due to significant new production capacity entering global markets.
The Treasury Secretary provided no specific timeframe regarding conflict resolution. A Republican member of the House Armed Services Committee characterized the current military situation as “stalled” earlier this week.
Current oil market conditions remain elevated. Brent crude exceeded $95 per barrel during Friday trading, approaching levels not seen since July. West Texas Intermediate hovered near $91.
Brent Crude Oil Last Day Financial Futures (BZ=F)
Energy prices surged following this week’s military exchanges between the United States and Iran. Rising energy expenditures have intensified inflation concerns throughout international financial markets.
Treasury Yields Reach Multi-Year Peaks
Elevated oil prices have amplified inflation anxieties, driving bond yields higher. This week witnessed 10-year US Treasury yields climbing to their highest levels since 2023.
Bessent emphasized the relationship between crude prices and interest rates has reached historic proportions. “When you examine the data, interest rates currently show their strongest correlation ever to oil pricing,” he explained.
His expectation is that Iran conflict resolution and subsequent oil price declines will moderate inflation and bring yields down accordingly. “When the Iran conflict concludes, interest rates and the headline inflation spike will decline,” he projected.
With federal debt recently surpassing $40 trillion, questions persist regarding investor demand for US government securities.
Norwegian Wealth Fund Evaluates Treasury Reallocation
Norway’s Government Pension Fund Global, among the world’s largest sovereign wealth funds, is evaluating a reduction in US Treasury exposure. Bloomberg analysis indicates this adjustment could decrease holdings by approximately $75 billion.
Bessent minimized concerns surrounding this potential shift. He explained Norway’s fund is pursuing enhanced returns through alternative US instruments like Fannie Mae and Freddie Mac securities, which traditionally provide yield premiums compared to Treasuries.
Fannie Mae and Freddie Mac represent government-sponsored enterprises focused on mortgage lending. Ginnie Mae serves as an associated federal housing finance entity.
Bessent expressed support for Norway’s strategic adjustment. “I am the biggest advocate for that,” he affirmed.
The Norwegian fund’s deliberations emerged during a particularly delicate period, with US government borrowing at historic highs and market participants scrutinizing potential indicators of diminishing appetite for American debt instruments.
The post Bessent Forecasts Crude Oil Could Drop to $40 Post-Iran Conflict Resolution appeared first on Blockonomi.

Key Highlights
Major U.S. equity indices declined Friday following robust August employment data that intensified concerns about potential Fed policy tightening
August payrolls increased by 162,000 positions, significantly exceeding the 55,000 consensus forecast from economists
Market-implied probability of a Federal Reserve rate increase in September surged to 58%, up from 49% one day earlier
Semiconductor equities defied broader market weakness, with the PHLX Semiconductor Index advancing 3.4%
Athletic apparel retailer Lululemon experienced a 17% share price decline following downward guidance revisions
Wall Street experienced a broad selloff Friday as an unexpectedly strong employment report prompted investors to dramatically reassess the likelihood of Federal Reserve monetary policy tightening later this month.
The Dow Jones Industrial Average declined 272 points, representing a 0.5% loss. The S&P 500 retreated 0.4% while the Nasdaq Composite decreased 0.3%. These losses followed Thursday’s session, which saw the Dow and S&P 500 record their strongest single-session performances in nearly four weeks.
E-Mini S&P 500 Sep 26 (ES=F)
According to the August nonfarm payrolls release, the U.S. economy generated 162,000 new positions during the month. This figure substantially surpassed the 55,000 jobs that Wall Street economists had anticipated.
The robust employment figures surprised market participants. Previous labor market indicators released earlier in the week had suggested moderate but consistent job creation, rather than the significant acceleration that materialized.
Federal Reserve Rate Hike Probability Surges Post-Employment Data
In the immediate aftermath of the payrolls release, market participants rapidly adjusted their expectations regarding Federal Reserve monetary policy. Data from the CME FedWatch tool indicated that the probability of a rate increase at the September 15-16 Federal Open Market Committee gathering climbed to 58%. This represented a substantial increase from Thursday’s 49% reading.
The odds of a rate hike in 2 weeks have jumped back up to 58% pic.twitter.com/g9CVoQD4zj
— Barchart (@Barchart) September 4, 2026
A robust employment environment provides Federal Reserve officials with additional flexibility to implement rate increases without triggering significant economic deceleration. Central bank policymakers have repeatedly emphasized their preference to observe definitive evidence of economic moderation before pausing their tightening campaign.
With employment data now released, market focus is shifting toward forthcoming inflation metrics. The August consumer price index report is scheduled for release on September 11, providing crucial information just days ahead of the Fed’s policy deliberations.
Semiconductor Sector Advances While Lululemon Experiences Sharp Decline
Despite broad market weakness, certain sectors demonstrated resilience Friday. Semiconductor stocks emerged as a notable exception to the prevailing downward trend. The PHLX Semiconductor Index registered a 3.4% gain, although this strength proved insufficient to buoy broader market sentiment.
Lululemon ranked as the session’s most significant decliner among major individual equities. The company’s shares plummeted 17% after management reduced both revenue and profitability projections. Additionally, second quarter revenue figures fell short of analyst expectations.
Friday’s trading calendar featured minimal additional corporate earnings announcements of significance.
At the closing bell, the S&P 500 stood at 7,718, the Dow at 53,414, and the Nasdaq at 26,506.
The upcoming week’s inflation data release will attract intense scrutiny from market participants. Should inflationary pressures persist at elevated levels, it would likely reinforce arguments supporting Federal Reserve action at the September policy meeting.
Financial markets will carefully analyze every economic indicator released between now and September 15 for insights into potential Federal Reserve policy direction.
The post Market Selloff Follows Strong Jobs Data as September Fed Rate Hike Probability Climbs to 58% appeared first on Blockonomi.

Key Takeaways
LULU shares plummeted 18% in after-hours trading following a disappointing fiscal Q2 earnings report
Second quarter revenue declined 4% year-over-year to $2.42 billion, with comp sales falling 9%
The athleisure brand reduced its 2026 annual sales forecast, now projecting a 5%-7% decrease
Investor Michael Burry, whose portfolio is 17.4% allocated to LULU, labeled it a “trickster” yet pledged to increase his position if shares fall below $100
Management attributed the weakness to sluggish North American consumer demand and ongoing challenges in the Chinese market
Shares of Lululemon (LULU) tumbled 18% in extended trading Thursday after the athletic apparel company delivered underwhelming fiscal second quarter results and slashed its annual revenue projections. The sharp decline followed a 1.4% gain during regular market hours.
The Vancouver-based retailer reported second quarter sales of $2.42 billion, representing a 4% year-over-year contraction. Comparable store sales experienced a steeper 9% decline, missing analyst projections.
Management also revised downward its full-year financial outlook. The company now anticipates 2026 revenues will contract between 5% and 7%, attributing the reduction to lackluster demand across North American markets and persistent weakness in its Chinese operations.
Interim Co-CEO and CFO Meghan Frank characterized the updated guidance as reflecting a “prudent approach” to current market conditions. She emphasized that internal teams are concentrating on enhancing product assortments, amplifying marketing initiatives, and optimizing operational costs.
“As we transition into Q3, while we are observing positive customer engagement with our activations and certain newer product lines, the broader response to our merchandise launches continues to be uneven,” Frank noted during the company’s earnings conference call.
Notable investor Michael Burry, celebrated for correctly predicting the 2008 housing crisis, entered the earnings announcement with LULU representing his top holding at approximately 17.4% of his investment portfolio.
Burry Labels LULU a “Trickster” Investment
Even with the substantial decline, Burry candidly expressed his dissatisfaction while maintaining his conviction. He characterized Lululemon as a “trickster” stock and acknowledged the position has consistently challenged his resolve.
“Today, lululemon is the trickster in my portfolio. It does seem determined to take me where mermaids fear to tread,” he posted on his Substack publication.
Burry revealed he had anticipated a disappointing quarter and reiterated his core investment principle: either accumulate additional shares or exit the position entirely. He decisively chose accumulation.
“I will buy more of it if it trades under $100 tomorrow morning,” he declared. The stock was hovering near that threshold in after-hours activity.
To justify his patience, Burry referenced historical investment successes. He highlighted Avanti, which he purchased at $12 in 2001, endured watching it decline to the $2 range while continuing to buy, ultimately seeing it acquired at $22 per share. He also mentioned Adobe (ADBE), Molina Healthcare (MOH), and Veeva Systems (VEEV) as examples of holdings that experienced significant drawdowns before eventual recoveries.
LULU Shares Down More Than 40% Year-to-Date in 2026
Burry indicated that trading volume patterns and shareholder composition shifts have increased his confidence in maintaining the position. He suggested that recent buyers at current price levels would demonstrate less inclination to sell.
Prior to Thursday’s after-hours selloff, LULU stock had already depreciated more than 40% during 2026, though Burry has consistently characterized the valuation as “very cheap.”
Frank acknowledged that both North America and China, representing the company’s two most significant geographic markets, continue experiencing brand headwinds as the third quarter unfolds.
The post Lululemon (LULU) Stock Plunges 18% Post-Earnings as Michael Burry Doubles Down Below $100 appeared first on Blockonomi.

Key Points
Shares of Tesla tumbled 6% on Friday following an underwhelming Cybercab presentation
The Austin event was invitation-only with no live broadcast, and Elon Musk was notably absent
Federal safety regulators initiated an audit examining the Cybercab’s self-certification process
Analysts from major banks highlighted unresolved concerns regarding costs, manufacturing schedules, and initial service problems
The Friday decline erased Thursday’s 5.4% pre-event rally
Tesla (TSLA) stock experienced a significant 6% decline on Friday following the company’s Cybercab unveiling event held in Austin, Texas, which failed to satisfy investor expectations.
Shares had climbed 5.4% during Thursday’s trading session as anticipation built for the event, making the subsequent downturn particularly pronounced.
The presentation was restricted to invited guests only, with no public streaming option available, and notably, CEO Elon Musk did not attend. The electric vehicle manufacturer enabled users of its Tesla Robotaxi application to request autonomous Cybercab rides within a designated operational zone in Austin.
The Cybercab represents Tesla’s autonomous taxi offering—a compact two-passenger vehicle featuring distinctive butterfly-style doors and eliminating traditional driving controls including the steering wheel, brake, and accelerator pedals. Production commenced at the company’s Texas Gigafactory earlier in the current year.
BREAKING: Tesla has officially started offering Cybercab rides to the public.
I’ve been waiting years to say that!
I took one of the world's first public rides. The cabin is comfortable and spacious, the suspension is soft, and FSD is VERY smooth. It’s an incredible vehicle.… pic.twitter.com/XBzJI9EVQm
— Sawyer Merritt (@SawyerMerritt) September 4, 2026
Analysts at RBC Capital Markets characterized the presentation as delivering “limited new incremental disclosure relative to prior announcements,” noting that critical details about pricing structure, manufacturing timelines, and regulatory clearances remain uncertain. The firm continues to recommend the stock as a buy.
In a research note titled “TSLA Cybercab Launch Event Underwhelms,” Wells Fargo analysts highlighted early service difficulties emerging in Austin. Users have documented instances of incorrect routing, failed arrival at requested destinations, and extended pickup wait periods.
Federal Safety Review Initiated
Coinciding with Thursday’s event, the National Highway Traffic Safety Administration announced an audit investigation into Tesla’s self-certification procedures for the Cybercab. The federal agency is examining the methodology and engineering documentation the automaker utilized to declare the vehicle compliant with Federal Motor Vehicle Safety Standards.
Regulators specifically highlighted that the Cybercab eliminates traditional driver controls such as the steering wheel, brake and accelerator pedals, and side mirrors. Tesla VP of Vehicle Engineering Lars Moravy had previously indicated the Cybercab was engineered to meet all federal requirements from initial design stages, enabling the company to self-certify compliance instead of pursuing a regulatory exemption.
The exemption pathway includes an annual production limitation of 2,500 vehicles per manufacturer.
Service Expansion and Competitive Landscape
The company’s autonomous ride service has extended operations beyond Austin into Dallas and Houston markets. The Cybercab was initially revealed to the public approximately two years ago, with manufacturing operations launching in April.
Alphabet’s Waymo division maintains the dominant position in the autonomous taxi sector, currently operating approximately 4,000 self-driving vehicles providing commercial rides across 14 metropolitan areas.
CEO Musk has indicated that substantial revenue generation from Cybercab operations is not anticipated until 2027 or later.
The post Tesla (TSLA) Stock Plunges 6% Following Disappointing Cybercab Debut appeared first on Blockonomi.

Key Highlights
Shares of NVDA reached $230.36 at Friday’s close, gaining as much as 2% intraday, approaching the record peak of $235.74
The chipmaker completed its acquisition of Hugging Face, a leading AI model platform, for approximately $13 billion
Nvidia’s portfolio company Anthropic, which secured up to $10 billion in funding last year, is reportedly moving toward an initial public offering
The company deployed $3.5 billion into Taiwan-based chip manufacturer MediaTek earlier this week
Wall Street consensus maintains a “Moderate Buy” stance with a mean price target of $324.83
Nvidia (NVDA) finished Friday’s trading session at $230.36, registering a 0.84% gain after touching highs of 2% earlier in the day. The stock now sits within striking distance of its record close of $235.74, achieved on May 14.
The semiconductor giant’s shares have maintained upward momentum thanks to sustained interest in artificial intelligence chip stocks, with recent corporate developments providing additional catalysts.
The most significant announcement this week centered on Nvidia’s purchase of Hugging Face, the prominent open-source AI model repository, in a transaction valued at close to $13 billion. The platform serves a community exceeding 18 million developers and supports over 200,000 enterprises in distributing and deploying AI models.
According to Nvidia, Hugging Face will continue operating as an open platform accessible to the entire AI community post-acquisition.
Futurum CEO Daniel Newman explained the strategic logic clearly: “Nvidia wants to be in front of this, access to more developers, access to more enterprises.”
Adding to the positive sentiment: emerging reports suggest Anthropic is gearing up to submit IPO paperwork. Given that Nvidia pledged up to $10 billion to Anthropic in the previous year, a public debut would establish a tangible valuation for that investment.
Strategic Investment Spree
Nvidia’s capital deployment extended beyond the Hugging Face transaction. Earlier in the week, the company unveiled a $3.5 billion stake in MediaTek, the Taiwan-based semiconductor designer, which will integrate Nvidia’s NVFusion platform into its operations.
This strategic investment is interpreted as Nvidia’s effort to maintain its competitive position as cloud giants increasingly develop proprietary silicon solutions, ensuring continued revenue streams.
The chipmaker is simultaneously pushing into consumer-focused AI products. Both Lenovo and Acer plan to introduce Windows-based personal computers featuring Nvidia’s RTX Spark processor this October, while HP has similarly announced upcoming OmniBook models incorporating the technology.
Strong Support from Analysts and Large Investors
The sentiment on Wall Street remains overwhelmingly optimistic. JPMorgan recently elevated its price objective from $280 to $320 while maintaining an “overweight” recommendation. Evercore maintains an ambitious $465 target. The analyst consensus currently stands at $324.83, with 50 firms recommending “Buy” compared to only three suggesting “Hold.”
Institutional accumulation persists as well. Baker Tilly Wealth Management expanded its NVDA holdings by 7.4% during Q2. Brighton Jones increased its allocation by 12.4% in Q4. Overall, institutional investors control 65.27% of Nvidia’s outstanding shares.
Regarding financial performance, Nvidia delivered Q2 earnings per share of $2.22, surpassing the $2.09 analyst estimate. Quarterly revenue totaled $96.22 billion, exceeding expectations of $92.27 billion. This represented a year-over-year revenue surge of 105.9%.
The board has also authorized an $80 billion stock repurchase program.
A noteworthy consideration: executive selling activity has occurred. Director Mark Stevens divested approximately 885,000 NVDA shares in June, while EVP Timothy Teter sold 30,000 shares in August. Both transactions were conducted through predetermined Rule 10b5-1 trading plans.
Over the past twelve months, Nvidia’s shares have traded as low as $164.07 and as high as $236.54.
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Key Points
Hardware wallet manufacturer Trezor reveals that 67,000 more US-based customers were impacted by a data breach at shipping partner ShipMonk
The latest disclosure involves customer orders processed from November 2019 through August 2021
Compromised information encompasses full names, email contacts, telephone numbers, physical mailing addresses, and purchase identifiers
The company maintains it received documented confirmation from ShipMonk that customer records had been permanently erased
Impacted users now face heightened risks including targeted phishing campaigns, fraudulent phone contact, deceptive postal mail, and potential cryptocurrency theft
The hardware wallet manufacturer Trezor has officially disclosed that approximately 67,000 additional United States customers have had sensitive personal information compromised through a security incident at ShipMonk, its third-party logistics provider. This revelation significantly expands the scope of the breach beyond the initial estimate of roughly 14,000 affected users that the company announced when it first reported the incident on August 13.
Two days ago, we received an update from our shipping provider, ShipMonk. We're deeply saddened to share the news that the recent data breach affects more customers than originally thought.
Another 67,000 customers from the US who ordered between November 2019 and August 2021… https://t.co/yDQvTlAA2S
— Trezor (@Trezor) September 4, 2026
On September 2, ShipMonk notified Trezor that additional customer records had been discovered in their systems. These newly identified records correspond to purchases made during the timeframe spanning November 2019 to August 2021.
The compromised information encompasses a range of personally identifiable details: complete customer names, electronic mail addresses, contact phone numbers, residential and commercial shipping locations, along with transaction identification numbers. Trezor has since reached out via email to all newly identified victims to alert them of the exposure.
The wallet manufacturer emphasizes that its internal infrastructure remained untouched during this incident. The security integrity of its hardware wallet devices continues intact, and no cryptocurrency funds stored within user wallets were directly compromised or accessed.
According to the company’s statement, Trezor had repeatedly requested that ShipMonk purge legacy customer information from their databases. The company states it obtained written verification confirming the data elimination had been completed, consistent with their service agreement and privacy protocols.
“We are very disappointed that, despite receiving this confirmation, the data was not deleted in their systems,” Trezor said.
Elevated Threat Landscape for Cryptocurrency Assets
While the breach did not result in direct wallet compromise, the exposure of detailed personal records creates significant vulnerability to sophisticated phishing operations. Malicious actors can leverage the combination of names, physical locations, and email contacts to craft convincing impersonation schemes targeting Trezor users, attempting to extract their recovery seed phrases.
Recovery seed phrases represent the master key to cryptocurrency wallets. Should an individual be manipulated into disclosing this critical information, attackers gain unrestricted control over the wallet contents, resulting in total asset loss.
Social engineering tactics and phishing schemes emerged as the predominant attack vectors in the cryptocurrency sector during early 2026. Blockchain security analytics firm Hacken documented that these deceptive techniques were responsible for $306 million in losses—representing nearly two-thirds of the $482 million stolen industry-wide throughout the first quarter.
A particularly devastating incident occurred in July when a single cryptocurrency holder suffered losses approaching $1 million after being deceived into authorizing a malicious smart contract interaction on the Ethereum blockchain.
Real-World Security Vulnerabilities
Users whose residential addresses were exposed face threats extending beyond the digital realm. Trezor specifically cautioned affected individuals to remain vigilant for suspicious physical correspondence and fraudulent telephone contacts, in addition to email-based scams.
This situation bears striking resemblance to the aftermath of a 2020 security breach at Ledger, a competing hardware wallet manufacturer. That incident compromised data belonging to more than 270,000 customers, with home addresses subsequently released on underground forums. Years later, Ledger customers continue reporting persistent scam phone calls and deceptive physical mailings.
Trezor had implemented a data retention policy mandating that fulfillment partners either permanently delete or fully anonymize customer order information within 90 days following successful delivery. ShipMonk’s apparent failure to honor this contractual obligation represents the fundamental cause of this expanded breach.
Previously, in January 2024, Trezor had already issued warnings to approximately 66,000 individuals who had initiated contact with its customer support infrastructure since December 2021, alerting them to potential phishing exposure.
With this most recent announcement, the aggregate total of Trezor customers affected by various data exposure events has now escalated into the hundreds of thousands.
The company has not publicly disclosed whether it intends to pursue legal recourse against ShipMonk for the security failure and contractual breach.
The post ShipMonk Breach Exposes 67,000 More Trezor Wallet Users Despite Deletion Assurances appeared first on Blockonomi.

Key Highlights
Ripple enters multi-year partnership agreement with University of Florida Athletics beginning in the 2026 football season
XRP branding will be displayed at Ben Hill Griffin Stadium, famously nicknamed “The Swamp”
Partnership value estimated at up to $5 million per year according to industry sources
Agreement includes financial literacy and technology education programs for student-athletes at Florida
Marks Ripple’s second significant college sports partnership after announcing a five-year deal with Kansas Jayhawks in July 2026
Ripple has entered into a multi-year sponsorship agreement with University of Florida Athletics, introducing XRP branding to one of the most iconic venues in college football.
Gator Nation XRP https://t.co/CEjXN2M6Ei
— Ripple (@Ripple) September 4, 2026
Beginning with the 2026 football season, the XRP logo will be prominently displayed on the playing surface at Ben Hill Griffin Stadium, widely recognized as “The Swamp.” Additionally, XRP branding will be integrated throughout Florida Athletics’ digital channels and various event marketing materials.
Partnership Details and Value
The Associated Press reported that sources with knowledge of the agreement estimate it could generate up to $5 million annually for the University of Florida Athletics department.
Fresh paint pic.twitter.com/VusjlSKxlO
— Florida Gators (@FloridaGators) September 4, 2026
Beyond simple branding visibility, the collaboration includes educational initiatives. Ripple will provide financial literacy and technology education programming for Florida’s student-athletes and the broader university community, encompassing both conventional finance topics and emerging digital asset technologies.
Neither Ripple nor Florida Athletics publicly disclosed the specific financial terms or duration of the agreement.
Scott Stricklin, Athletics Director for the University of Florida, emphasized that the partnership aligns with the institution’s commitment to technological advancement.
“Florida has a long history of embracing innovation and technology to enhance the experience of our fans and advance our programs,” Stricklin said. “Ripple has established itself as an innovative leader in financial technology, and we’re excited to welcome XRP to Gator Nation.”
The University of Florida participates in the Southeastern Conference, fielding 21 varsity sports teams with over 500 student-athletes. The athletic program boasts 49 national championships spanning 16 different sports.
Florida’s football program secured national championships in 1996, 2006, and 2008, maintaining its status as one of the SEC’s most prominent and widely supported programs.
Expanding Footprint in Collegiate Athletics
This Florida partnership represents Ripple’s second major collegiate athletics sponsorship in recent months.
In July 2026, the company announced its official sports sponsorship of the Kansas Jayhawks, featuring an XRP logo patch on team uniforms. That agreement was recognized as the first instance of cryptocurrency branding appearing on jerseys of a major collegiate athletic program.
Brad Garlinghouse, Ripple’s CEO, is a graduate of the University of Kansas.
Founded in 2012, Ripple delivers blockchain-powered financial solutions including cross-border payments, digital asset custody, and corporate treasury management services. XRP serves as the native digital asset of the XRP Ledger, while Ripple additionally issues the RLUSD stablecoin.
Several other cryptocurrency companies are similarly pursuing sports marketing partnerships. Circle, which issues the USDC stablecoin, became the principal partner of Chelsea Football Club with USDC branding featured on player kits. Galaxy Digital established itself as the official AI and cryptocurrency partner of Texas Tech Athletics in July 2026.
The University of Florida agreement represents another step in the cryptocurrency industry’s strategy to engage mass audiences through strategic partnerships with collegiate and professional sports organizations.
The post Ripple Secures Major Partnership With University of Florida Athletics for XRP Branding appeared first on Blockonomi.

Key Highlights
DASH surged 17.5% to reach $56.85, marking its strongest performance since May amid a privacy coin sector rally
Grayscale’s spot Zcash ETF has accumulated over $400M in assets following its NYSE Arca debut on August 25
The token has registered approximately 85% gains from its mid-August bottom around $30
Technical indicators show a golden cross formation between 50-day and 200-day EMAs, reinforcing bullish momentum
Maintaining support at $52 could pave the way toward $72; breaking below risks retracement to $40 levels
On September 4, DASH began trading at $47.46 and surged to an intraday peak of $56.85 before stabilizing around $55.76. This price action represents the token’s strongest showing since May and coincides with widespread gains across privacy-oriented digital assets.
Dash Price
The primary driver behind this movement appears to be Grayscale’s spot Zcash investment vehicle. Following its NYSE Arca listing on August 25 with approximately $300 million in assets under management, the fund has expanded beyond $400 million. During this period, ZEC surged past $1,000 and broke into the top ten cryptocurrencies by market capitalization for the first time.
BREAKING: Zcash SMASHES through $1,000, hitting a new ALL-TIME HIGH.
Zcash has blown past $1,000 for the first time in a decade, marking a massive comeback for the privacy-focused cryptocurrency.
The breakout comes just 10 days after Grayscale launched its first U.S. spot… pic.twitter.com/DXqaAwmdr1
— Coin Bureau (@coinbureau) September 4, 2026
Market participants frequently categorize Zcash and Dash within the same privacy and payments-focused asset class. As ZEC captured investor attention, capital flow extended to DASH as an alternative investment opportunity. To date, no significant project developments from Dash’s core team have been confirmed that would independently account for this price surge.
Bullish Technical Formations Emerge
DASH’s price chart now displays a golden cross pattern, where the 50-day exponential moving average has crossed above the 200-day EMA. This development is traditionally interpreted as a bullish momentum indicator.
The MACD indicator continues trading above the zero threshold while the Awesome Oscillator histogram displays sustained strength. Additionally, the Chaikin Money Flow indicator remains in positive territory, suggesting ongoing accumulation pressure.
The Relative Strength Index currently registers at 75.91, placing it within overbought parameters. This elevation suggests potential near-term price consolidation before any continuation of upward movement.
Network metrics show daily transaction volume on the DASH blockchain has been climbing, providing fundamental support to the rally beyond pure speculative activity.
Critical Support and Resistance Zones
The $55 to $57 price band represents the immediate challenge zone. DASH approached this range on two occasions in May but was unable to sustain momentum through either attempt. A decisive breakout above $57 would bring $60 into realistic striking distance.
Should selling pressure emerge, $48 serves as the first notable support level. A more substantial correction could push DASH back toward the $43–$44 area.
$DASH +86% From Our Zone…Is $500 The Next Destination? #DASH JUST HIT $54.60, That’s +86% From Our Accumulation Zone.
I’m Still Bullish On DASH/USDT And My Long-Term Targets Remain: $100 → $200 → $300 → $400 → $500
But For This Bull Rally To Continue, I Want To See DASH… https://t.co/jhI4uBrk3J pic.twitter.com/kNi2VW7SEl
— Crypto Patel (@CryptoPatel) September 4, 2026
Market analyst Crypto Patel highlighted on X that DASH reached $54.60, delivering an 86% return from their identified accumulation range. The analyst maintains a constructive long-term outlook with potential targets at $100, $200, $300, $400, and $500, while emphasizing that preservation of the $30 support zone remains critical for the continuation of bullish structure.
The $52 price point is identified as the crucial short-term support floor. Defending this level maintains the pathway toward a conditional $72 upside objective. Failure to hold above $52 could interrupt the current rally trajectory.
As of September 4, DASH was changing hands near $55.76, representing approximately 85% appreciation from its mid-August valuation around $30.
The post Dash (DASH) Rallies 17% as Zcash ETF Success Ignites Privacy Coin Momentum appeared first on Blockonomi.

Key Highlights
Analysis of 33,904 suspicious activity reports between September 2023 and December 2025 uncovered $12.7 billion in questionable crypto transfers
Cryptocurrency service providers submitted 55% of all reports, flagging $5.5 billion, while traditional banking institutions reported $6.4 billion
Fraudsters systematically converted victim funds to USDT before routing through decentralized platforms or foreign exchanges
Approximately 25% of victim reports involved elderly Americans, consistent with demographic distribution
Criminal enterprises operated from forced labor facilities in Cambodia, Laos, and Burma, where trafficked workers executed scams
The Financial Crimes Enforcement Network at the US Department of Treasury has traced roughly $12.7 billion in questionable financial transactions to cryptocurrency investment fraud operations headquartered primarily in Southeast Asian facilities.
Today, @FinCENnews published an alert and an analysis of financial activity tied to suspected digital asset investment scams. These scams are sophisticated fraud operations that manipulate victims, who are often American. https://t.co/mwZDFmhbvm pic.twitter.com/ZdKRusnL8p
— Financial Crimes Enforcement Network (FinCEN) (@FinCENnews) September 3, 2026
The agency examined 33,904 Bank Secrecy Act filings submitted by approximately 1,300 financial institutions during a 28-month period from September 2023 through December 2025. Victims from every US state and multiple territories were impacted by these fraudulent schemes.
These operations are known by various terms, including pig butchering scams, romance fraud and crypto confidence schemes. Organized criminal networks establish false relationships with targets before directing them to illegitimate cryptocurrency investment platforms.
Reporting volume showed consistent growth during the analysis timeframe. Financial institutions filed 590 reports totaling $485.7 million in October 2023. That figure surged to 2,482 reports representing $833.5 million by December 2025—reflecting average monthly growth of 10.9% in report volume and 18% in monetary value.
Fund Transfer Patterns
Targets purchased no fewer than 22 distinct digital currencies, with Ethereum, Tether USDT, and Circle USDC representing the most frequently used options. However, blockchain forensics revealed that stolen funds were nearly universally converted to USDT regardless of initial purchase.
SHOCKING: US Treasury’s FinCEN has identified $12.7 BILLION tied to suspected crypto scams largely run by Southeast Asian criminal organizations.
The agency analyzed 33,904 reports filed between September 2023 and December 2025.
FinCEN said the scams, including pig… pic.twitter.com/H1qRtkV8io
— Coin Bureau (@coinbureau) September 5, 2026
Following conversion, assets were channeled through decentralized finance applications or cryptocurrency exchanges located beyond US borders. Certain wallet addresses received simultaneous deposits from numerous victims, enabling investigators to connect seemingly independent transactions to unified criminal networks.
FinCEN emphasized that the $12.7 billion figure does not necessarily represent actual victim losses. This amount may encompass blocked transactions, redundant reports, and reporting inaccuracies.
Targets often depleted resources beyond disposable income. The agency documented incidents involving Individual Retirement Accounts, home equity credit lines, and borrowed funds. One victim transferred approximately $640,000 from her retirement savings. Another individual lost over $1 million during a six-month period.
Criminal Operations in Southeast Asia
Numerous criminal syndicates conduct operations from expansive facilities throughout Cambodia, Laos, and Burma. Victims of human trafficking are lured with fraudulent employment opportunities, then coerced into contacting fraud targets and executing scams.
United Nations researchers estimate several hundred thousand individuals have been trafficked into these criminal enterprises. Chainalysis published findings in February 2026 indicating cryptocurrency payments associated with human trafficking increased 85% throughout 2025.
Law enforcement agencies have targeted the financial systems supporting these networks. Federal investigators and Thai police froze roughly $580 million in digital assets and confiscated approximately 8,000 mobile devices in March during operations against pig butchering syndicates.
The Cambodia-based Huione network emerged as a prominent case study of enabling infrastructure. Chinese law enforcement detained a former Huione Group executive in April following investigations connecting the network to over $89 billion in cryptocurrency transactions.
FinCEN’s Rapid Response Program has blocked $1.8 billion since its 2015 inception and successfully recovered slightly more than $1 billion for 5,790 American victims. The bureau advised anyone encountering these schemes to immediately notify their financial institution and submit a report to the FBI’s Internet Crime Complaint Center.
The post US Treasury Traces $12.7 Billion in Crypto Fraud to Southeast Asian Crime Rings appeared first on Blockonomi.

Key Takeaways
AMC’s CEO Adam Aron issued public demands for Robinhood to cease offering AMC-linked tokenized products, warning of lawsuits and SEC complaints.
Dan Gallagher, Robinhood’s Chief Legal Officer and ex-SEC commissioner, declined the request and challenged AMC to “send your lawyers.”
The disputed tokens function as tokenized debt instruments, not genuine AMC shares, providing no voting power or shareholder privileges.
US-based traders cannot access these tokens, which originate from a Robinhood subsidiary operating in Jersey.
The tokenized securities sector has reached approximately $2.91 billion in value, intensifying calls for comprehensive US regulatory guidelines.
On Friday, AMC Entertainment’s CEO Adam Aron publicly demanded that Robinhood discontinue offering tokens tied to AMC shares, labeling them “synthetic equity” and warning of impending legal consequences should the platform refuse compliance.
Seriously? What’s the concern you ask, @vladtenev? The list of concerns is almost existential.
U.S. securities laws are in place to protect investors. For good reason, we spend millions and millions of dollars every year to comply with U.S. securities laws. In good. conscience,… https://t.co/cfiu2c7Tvn
— Adam Aron (@CEOAdam) September 4, 2026
The confrontation erupted on Thursday following Aron’s initial criticism of these digital instruments. Robinhood’s CEO Vlad Tenev questioned the issue by posting “what’s the concern?” on X, which led Aron to elaborate on his grievances comprehensively.
Aron contended that Robinhood established this token marketplace via an offshore Jersey-based subsidiary without AMC’s authorization or awareness. He expressed concerns that these instruments might damage AMC’s capital-raising capabilities and deprive purchasers of traditional shareholder protections.
He demanded Robinhood “cease and decist” operations and announced AMC’s intention to escalate the matter to the SEC. As of this writing, neither formal litigation nor SEC enforcement proceedings had been initiated.
Brokerage Stands Firm Against Demands
Dan Gallagher, Robinhood’s Chief Legal Officer, dismissed the ultimatum outright. “We know a little something about the U.S. securities laws and will not ‘DECIST,'” he responded, mocking Aron’s misspelling. “Send your lawyers and we’ll educate them.”
We know a little something about the U.S. securities laws and will not “DECIST.” Send your lawyers and we’ll educate them. https://t.co/hz8dH2bz8G
— Dan Gallagher (@DanGallagherDC) September 4, 2026
CEO Tenev publicly supported his legal chief, amplifying the message with his own statement: “We stand behind Stock Tokens.”
Gallagher’s tenure as an SEC commissioner between 2011 and 2015 appears to bolster Robinhood’s confidence in its legal positioning.
The Structure Behind Robinhood’s Token Offerings
The stock tokens offered by Robinhood are ERC-20 digital assets issued through Robinhood Assets (Jersey) Limited. These instruments are designated as tokenized debt securities rather than equity holdings.
Every token mirrors stock pricing via Chainlink oracle feeds and maintains one-to-one backing through shares held by a regulated custodian. However, token ownership confers no legal claims against AMC, no voting privileges, and no shareholder registry inclusion.
These tokens remain inaccessible to American investors. They’re also prohibited in Canada, the United Kingdom, and Switzerland. Robinhood has disclosed in regulatory documents that this offering presents regulatory, litigation, and reputation hazards.
Should the Jersey-based issuer face insolvency, an independent security agent would liquidate the underlying shares and distribute proceeds to token holders in cash.
One AMC-linked token was observed trading at approximately 60 times AMC’s actual share price, highlighting liquidity constraints and arbitrage complications inherent in shallow trading pools.
Crypto Leaders Comment on Controversy
Multiple cryptocurrency and tokenization industry leaders acknowledged Aron’s structural objections, despite generally favoring tokenization technology.
Armani Ferrante, CEO of Backpack, noted that token trading demand doesn’t necessarily create buying pressure on actual stock. Marcin Kazmierczak, RedStone’s co-founder, characterized it as a “consent and registration issue” separate from tokenization itself.
The SEC established a formal distinction between issuer-backed tokenized securities and third-party versions in a staff statement issued in January. A February advisory committee proposal recommended mandatory ownership disclosure requirements and appropriate intermediary supervision.
According to RWA.xyz data, the tokenized stock marketplace reached approximately $2.91 billion in value on September 4, marking a 17.5% increase over the preceding 30 days. Among monitored platforms, Robinhood held sixth position with 189 assets valued at roughly $103.2 million.
The post Robinhood (HOOD) Stock: AMC CEO’s Legal Threats Met with Defiant ‘Send Your Lawyers’ Response appeared first on Blockonomi.

Key Highlights
A NYSE American-listed mortgage lender has successfully tokenized over $1 billion worth of residential mortgage data on the Injective network
The initiative launched in December 2025 with 1,259 mortgage entries and expanded to 2,079 entries by September 2026
Every tokenized entry contains over 500 individual data points including borrower information, loan terms and risk metrics
The ultimate goal involves migrating 29,000+ mortgage contracts valued at more than $10 billion
The firm maintains an additional $100 million treasury position in Injective tokens
A Toronto-headquartered mortgage lending company, Pineapple Financial, which trades on the NYSE American exchange, has successfully tokenized over $1 billion worth of residential mortgage data on the Injective blockchain. This development represents a significant milestone in the ongoing integration of traditional finance with blockchain infrastructure.
Today, over $1 Billion in real estate mortgages have been tokenized on Injective.
This also makes Injective one of the largest layer-1 chains by total RWA asset value and marks the beginning as Pineapple Financial tokenizes its $10 Billion portfolio on injective-protocol:native pic.twitter.com/Z6fmwQsOhJ
— Injective (@injective) September 3, 2026
The tokenization initiative kicked off in December 2025 with an initial batch of 1,259 mortgage entries. Nine months later, in September 2026, the program had expanded to encompass 2,079 records, with the aggregate tracked value climbing to approximately $1.1 billion—representing growth of nearly 48% from inception.
Injective operates as a purpose-built layer-1 blockchain designed specifically for financial use cases. Pineapple selected this network as the technological backbone for its mortgage data tokenization initiative.
Every on-chain entry encompasses more than 500 distinct data points. This comprehensive dataset includes borrower credentials, loan specifications, funding timelines, and risk assessment metrics, all consolidated into a single verifiable blockchain record.
The company has emphasized that this initiative does not create novel financial instruments. Instead, the blockchain records function as a transparent layer above the underlying mortgages, which maintain their conventional legal frameworks. The distributed ledger component aims to streamline verification processes and enhance risk evaluation capabilities.
These tokenized mortgage records operate under the ticker PAPL0, which presently shows a market capitalization near $1.1 billion based on Token Terminal metrics.
Substantial Migration Still Pending
With 2,079 entries completed against a total objective exceeding 29,000, the organization has finished approximately 7% of its comprehensive migration roadmap. The entire portfolio encompasses more than $10 billion in originated mortgage loans.
Beyond the mortgage tokenization program, Pineapple maintains a distinct $100 million position in Injective tokens, with cryptocurrency exchange Kraken functioning as a key validator for its staked assets. This treasury exists independently from the mortgage data initiative.
The firm has revealed plans for two complementary products connected to this program. The first involves a permissioned Mortgage Data Marketplace, designed to provide institutional participants with access to anonymized, granular loan analytics. The second offering, branded as Pineapple Prime, would enable investors to participate in mortgage-backed returns through blockchain-native channels.
Property Tokenization Gains Momentum
Pineapple Financial is far from the only organization investigating blockchain applications for real estate documentation. This past June, Apex Group collaborated with Goldman Sachs, Archax, and LRC Group on a tokenized property fund built atop Goldman Sachs’ Digital Asset Platform.
Similarly, Dubai’s Land Department initiated the second stage of its real estate tokenization experiment in February, leveraging the XRP Ledger following the successful tokenization of approximately $5 million in properties during its initial phase.
Despite these developments, tokenized property assets remain a modest segment within the larger real-world asset ecosystem. The category currently represents roughly $226.5 million in distributed value, contrasted with $38.8 billion across all tokenized real-world assets monitored by RWA.xyz.
Nevertheless, Pineapple’s initiative ranks among the more ambitious individual undertakings in this domain, with its $10 billion migration objective significantly exceeding most comparable projects currently underway.
The post Pineapple Financial Tokenizes $1B in Mortgages on Injective Network appeared first on Blockonomi.

Key Takeaways
The National Sheriffs’ Association (NSA) has abandoned its opposition to the CLARITY Act, now taking a neutral position
Earlier this year, the NSA raised alarms that the legislation would provide cover for crypto mixers to bypass money laundering regulations
A procedural cloture vote is set for September 15 when the Senate reconvenes
Critical sticking points persist, including a Democratic demand for ethics safeguards
Final House votes are scheduled after senators return, making pre-November enactment highly improbable
The National Sheriffs’ Association has abandoned its fight against the Digital Asset Market Clarity Act, adopting a neutral stance mere weeks before the United States Senate conducts a crucial vote on the cryptocurrency regulatory framework legislation.
National Sheriffs’ Association Drops Opposition to CLARITY Act Ahead of Senate Vote
According to Semafor, the National Sheriffs’ Association is changing its position on the CLARITY Act from opposition to neutral after months of warning that the bill could make it harder to… pic.twitter.com/WS5fwUzwCU
— Wu Blockchain (@WuBlockchain) September 4, 2026
Through correspondence delivered Thursday to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, NSA President Troy Wellman and Executive Director Justin Smith announced their decision to “step back and allow the legislative process to proceed.”
The organization pointed to the bill’s intricate nature and continued efforts by lawmakers, administration officials, and various stakeholders as justification for their position shift.
The NSA had emerged as one of the most prominent law enforcement organizations challenging the legislation. During May, it raised red flags about a specific provision within the CLARITY Act that would allegedly grant crypto mixing services, tumblers, and decentralized finance platforms sweeping immunity from anti-money laundering regulations.
The group contended that malicious actors could exploit software tools and artificial intelligence to transfer digital currencies without oversight, facilitate money laundering operations, fund terrorist activities, and circumvent economic sanctions.
The Turning Point
During June, White House officials convened meetings with law enforcement organizations that had voiced objections to the bill. These discussions aimed to resolve concerns regarding the legislation’s approach to combating illicit financial activities.
Summer Mersinger, CEO of the Blockchain Association, challenged the NSA’s position in a July editorial, contending that the CLARITY Act represented “the most important consumer protection effort in years.”
Now that the NSA has withdrawn from active opposition, one of the legislation’s most prominent detractors will no longer campaign against it before the upcoming September vote.
Remaining Obstacles
The CLARITY Act secured passage in the US House of Representatives during July 2025. Its journey through the Senate has proven considerably more challenging.
Both Senate agriculture and banking committees approved their respective versions of the legislation in 2026. However, multiple contentious matters remain unresolved, including disagreements over stablecoin reward mechanisms, tokenized securities, and possible conflicts of interest involving President Trump and his relatives.
Democratic lawmakers continue demanding inclusion of a crucial ethics clause before committing their support to the measure.
Senate Majority Leader Thune submitted a procedural motion scheduling a cloture vote for September 15, coinciding with senators’ return from their August break.
The House has declared it will conduct final voting sessions before the midterm election soon after the Senate reconvenes. This compressed schedule renders passage into law before November virtually unattainable.
During August, Trump joined the leadership of the SEC and the Commodity Futures Trading Commission to advocate for the bill’s approval. Both regulatory agency heads have indicated their willingness to pursue crypto regulation through administrative action should Congress fail to enact the legislation.
The post Sheriffs’ Group Withdraws CLARITY Act Opposition Before Crucial Senate Vote appeared first on Blockonomi.

Key Highlights
HYPE surged to an all-time high of $88, registering gains exceeding 51% over the past 30 days
An unidentified large holder has amassed 2.9 million HYPE tokens valued at more than $220 million
The Hyperliquid protocol has executed $379 million in HYPE token buybacks during 2026
Technical indicators show price momentum above critical moving averages, with $100 emerging as the next significant milestone
Market sentiment received a boost after President Trump discussed potential US expansion for Hyperliquid exchange
The native cryptocurrency of Hyperliquid, HYPE, established a fresh all-time high at $88 on September 4, 2026. Currently, HYPE is valued at $85.78 with daily trading volume reaching $1.53 billion and a market capitalization of $21.63 billion. The digital asset has appreciated 5.2% in the last 24 hours and posted gains surpassing 51% throughout the previous month.
Hyperliquid (HYPE) Price
This upward movement represents a significant rebound from levels near $50 recorded in early August. HYPE has steadily advanced toward the $90–$95 resistance zone, with market participants monitoring the psychologically important $100 level as the subsequent major objective.
Multiple catalysts contributed to HYPE achieving its latest peak. The Hyperliquid trading platform experienced substantial user growth earlier this year as market participants flocked to trade oil futures contracts, attracted by the platform’s round-the-clock operation. Increased trading volumes generated higher fee revenue, which the protocol systematically uses to repurchase HYPE tokens, effectively decreasing the available supply.
During a cryptocurrency-focused event at the White House, President Trump revealed that CFTC Chairman Michael S. Selig is actively pursuing efforts to establish Hyperliquid exchange operations within the United States. While no specific timeline was provided, this announcement significantly improved market confidence.
Market analyst Jelle emphasized HYPE’s robust upward trajectory, commenting on the token’s substantial gains since previous accumulation zones. Several traders are strategizing to secure partial profits approaching $100 while maintaining the majority of their holdings in anticipation of extended price appreciation.
Here's my next look at $HYPE.
The local top for Hyperliquid seems to be in, confirmed by a bearish divergence.
The target to buy on retest would be the previous resistance level sitting in the low $70s.
Pay attention now. https://t.co/QLy6kSUz6e pic.twitter.com/Kf8gjwKSQg
— BATMAN (@CryptosBatman) September 2, 2026
Nevertheless, some market observers maintain caution regarding near-term prospects. Cryptocurrency analyst BATMAN identified a bearish divergence pattern at the recent local peak and recommended monitoring the $70 zone as a critical support level for potential re-entry into long positions.
Major Holder Accumulation Boosts Market Confidence
Blockchain analytics provided by Lookonchain reveal that an unidentified wallet designated as 0x6436 has been systematically accumulating HYPE. This address initially acquired 1.28 million HYPE at approximately $70 three months prior, investing roughly $89.13 million. Throughout the most recent 10-day period, this wallet purchased an additional 1.62 million tokens at a mean price of $82.40, representing approximately $133.8 million in capital deployment. The address currently controls approximately 2.9 million HYPE tokens.
Mysterious whale 0x6436 keeps buying $HYPE!
3 months ago, the whale bought 1.28M $HYPE($89.13M) at $70.
Over the past 10 days, the whale bought another 1.62M $HYPE ($133.8M) at $82.4.https://t.co/OaekCN0kMj pic.twitter.com/uOaBKpLPM9
— Lookonchain (@lookonchain) September 4, 2026
Token Repurchase Program Dominates Cryptocurrency Sector
Statistics from Hyperliquid Daily indicate the protocol has allocated $379 million toward HYPE token repurchases thus far in 2026, positioning it as the cryptocurrency industry’s most substantial buyback initiative this year, surpassing both Pump.fun and Sky.
From a technical perspective, HYPE maintains trading positions above its 20-day exponential moving average at $77.76 and its 200-day exponential moving average at $55.84. Bollinger Bands are expanding, indicating heightened market volatility, with the upper band positioned near $95.46.
The immediate challenge centers on whether purchasing momentum can successfully breach the $90–$95 resistance zone.
The post Hyperliquid (HYPE) Surges to Fresh Record as Massive Whale Accumulation and Protocol Buybacks Drive $100 Rally appeared first on Blockonomi.

TLDR
Bitcoin experienced a decline exceeding 2% following robust U.S. employment figures that amplified Federal Reserve rate hike speculation
BTC retreated from $81,300 to reach a session low of $78,600 before rebounding to the $79,500–$79,800 range
Notwithstanding Friday’s pullback, Bitcoin maintains momentum for a 3% weekly advance — marking three consecutive weeks of positive gains
Market commentator Bull Theory noted BTC’s remarkable $20,000 surge over 20 days, which resulted in a historic $11.4 billion in liquidated leveraged trades
U.S.-based spot Bitcoin ETFs attracted $175 million in net capital inflows on September 4, with BlackRock’s IBIT taking the lead
Bitcoin experienced a sharp decline exceeding 2% on Friday following the release of a robust U.S. employment report that prompted market participants to increase their expectations for a Federal Reserve interest rate increase. The selloff drove BTC from $81,300 to reach a session bottom at $78,600, followed by a modest rebound to approximately $79,500–$79,800 as Friday trading concluded.
Bitcoin (BTC) Price
The Bureau of Labor Statistics disclosed that nonfarm payrolls expanded by 162,000 in August — substantially exceeding the 55,000 that economic analysts had anticipated. The unemployment rate remained unchanged at 4.1%, while payroll calculations for June and July underwent upward revisions totaling 55,000 positions.
BREAKING: The US economy adds +162,000 jobs in August, well above expectations of +55,000.
The unemployment rate was 4.1%, in-line with expectations of 4.1%.
July's job number was also revised up by +43,000 jobs and is now positive for the month.
The US job market nearly…
— The Kobeissi Letter (@KobeissiLetter) September 4, 2026
The employment figures immediately influenced market sentiment. Data from CME Group’s FedWatch tool indicates traders currently assign approximately a 58% probability to a quarter-point rate increase at the September 16 Federal Reserve meeting, climbing from 52% prior to the report’s release. Polymarket prediction markets shifted to nearly even odds between a rate hike and maintaining current policy.
President Donald Trump responded to the employment data with renewed criticism directed at the Federal Reserve. Through a Truth Social message, Trump stated: “The Fed Board, with its great new leader, must get smart – BE PATRIOTS for a change. High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen!”
Federal Reserve Governor Christopher Waller had indicated the previous day that he supports maintaining current interest rate levels while awaiting forthcoming inflation metrics. Waller’s comments had temporarily calmed market anxieties before Friday’s employment data shifted sentiment once again.
Bitcoin Maintains Momentum for Third Consecutive Weekly Advance
Notwithstanding Friday’s retreat, Bitcoin remained positioned to secure a 3% weekly gain — representing its third successive week of positive movement. Earlier during the week, BTC reached $82,178.6, marking its strongest level since mid-May.
Cryptocurrency market analyst Bull Theory highlighted that Bitcoin experienced a dramatic rally of nearly $20,000 within a 20-day period, climbing from a low point of $62,535 to exceed $82,300. According to Bull Theory, this movement contributed $390 billion to Bitcoin’s overall market capitalization and resulted in $11.4 billion worth of leveraged position liquidations — characterizing it as “the largest shorts liquidation cascade in entire crypto history.”
BREAKING: Bitcoin just gave its highest daily close in nearly 4 months.
Bitcoin surged nearly $20,000 in the last 20 days, from a low of $62,535 to over $82,300.
That move added $390 billion to Bitcoin's market cap and liquidated $11.4 billion worth of leveraged positions.… pic.twitter.com/EEn0i9nHFP
— Bull Theory (@BullTheoryio) September 4, 2026
Spot Bitcoin ETFs similarly demonstrated robust investor demand. Data from Wu Blockchain reveals that U.S. spot Bitcoin ETFs accumulated $175 million in net capital inflows on September 4, representing three consecutive trading sessions of positive flows. BlackRock’s IBIT product dominated with $117 million, while Fidelity’s FBTC contributed $57.22 million.
Spot Bitcoin ETFs Take In $175M; Ethereum ETFs Record $26.46M Inflow
According to SoSoValue, U.S. spot Bitcoin ETFs recorded $175 million in net inflows on September 4 (ET), marking their third consecutive day of inflows. BlackRock's IBIT led with $117 million, followed by… pic.twitter.com/dNOGJAVUw5
— Wu Blockchain (@WuBlockchain) September 5, 2026
SEC Leadership Addresses Cryptocurrency Regulatory Framework
SEC Chair Paul Atkins indicated he anticipates the Senate will conduct a vote on the Clarity Act on September 15 and urged legislative bodies to approve it before the month concludes. Atkins additionally revealed the SEC is developing its own cryptocurrency legislation designed to complement the Clarity Act.
The Clarity Act has encountered legislative obstacles in Congress stemming from disputes regarding stablecoin yield distributions and regulations governing policymakers’ cryptocurrency transactions.
Strategy, recognized as the largest corporate holder of Bitcoin, surged nearly 18% during Thursday’s trading session.
The post Bitcoin (BTC) Slips Under $80K Following Strong Jobs Data as Rate Hike Speculation Intensifies appeared first on Blockonomi.

Key Takeaways
Block production on Robinhood Chain ceased for more than 14 minutes on September 4, freezing all network activity
Approximately 8,400 block intervals were missed based on the chain’s typical 100-millisecond block time
No official explanation or recovery timeline has been released by Robinhood
HOOD shares declined as much as 5.1% during Friday trading before staging a partial comeback
The network holds $2.46 billion in assets but receives L2BEAT’s lowest decentralization rating, below Stage 0
The Ethereum layer-2 blockchain operated by Robinhood experienced a complete cessation of block production for over 14 minutes on Friday. During this period, all token transfers and smart contract operations remained in limbo without any confirmations.
BREAKING: Robinhood Chain $HOOD stopped producing new blocks, leaving transactions stalled for at least 14 minutes.
The cause of the network outage and an estimated recovery time have not been disclosed. pic.twitter.com/O6ifDCr2TH
— Coin Bureau (@coinbureau) September 4, 2026
The suspension commenced around 12:57 p.m. UTC on September 4. While users retained the ability to broadcast transactions to the network, none could be processed during the block production freeze.
Given the chain’s standard operating pace of producing one block every 100 milliseconds, this 14-minute suspension translates to approximately 8,400 skipped block intervals.
Root Cause Remains Undisclosed
The company has yet to reveal what triggered the network suspension. Robinhood’s primary status dashboard showed no incident report for the blockchain during the downtime period.
ROBINHOOD CHAIN GOES DOWN, NO NEW BLOCKS PRODUCING: WEBSITE pic.twitter.com/CNAIULfb89
— Aggr News (@AggrNews) September 4, 2026
Block explorer platforms served as the sole public resources indicating the network’s operational status. The company maintains no dedicated status monitoring page specifically for the blockchain.
The network operates through a solitary sequencer constructed with Arbitrum’s Nitro technology. Should this sequencer fail, no fallback mechanism exists. Transaction processing through alternative channels is impossible for users.
According to L2BEAT, which monitors layer-2 network decentralization metrics, Robinhood Chain receives a rating beneath Stage 0—the platform’s minimum classification. The assessment cites concerns including the single-sequencer architecture, instantaneous contract upgrade capabilities, and only two authorized participants permitted to challenge invalid network states.
Effects on Network Activity and Platform Users
No evidence emerged suggesting user balances disappeared during the service disruption. Transactions broadcast while the network was offline remained in pending status until normal block production resumed.
Blockchain participants faced significant disruptions. The absence of new blocks prevented traders from executing swaps, adjusting collateral positions, settling loan obligations, or engaging with smart contracts.
Network activity had been substantial preceding the halt. Blockscout data showed 14.14 million transactions processed during the previous 24-hour period, with average transaction costs of $0.48.
The disruption remained isolated to the blockchain network. Customers utilizing Robinhood’s conventional brokerage services for U.S. equities, exchange-traded funds, and options contracts experienced no service interruptions.
Prior to the network halt, Robinhood Chain had registered approximately $945 million in decentralized exchange trading volume on August 25. Total DEX volume had surpassed $47 billion following the July 1 mainnet deployment.
HOOD Stock Experiences Decline Before Partial Rebound
Shares of Robinhood commenced Friday trading at $120.48 following Thursday’s closing price of $124.72. The stock touched a low of $118.30, representing approximately a 5.1% decrease from the previous session’s close.
Shares subsequently recovered to approximately $122.81, reducing the session’s loss to roughly 1.5%.
Existing data cannot definitively establish that the blockchain disruption precipitated the stock’s decline. HOOD shares had already been trading near the $120 level during pre-market hours before news of the network outage emerged.
Thursday’s session had witnessed a 16.6% surge in the stock price, fueled by positive analyst rating revisions and announcements regarding product line expansions.
L2BEAT presently estimates total value locked on Robinhood Chain at $2.46 billion. Recent metrics positioned the network in fifth place among monitored blockchains by 30-day decentralized exchange volume, trailing Solana, BNB Chain, Ethereum, and Base.
The post Robinhood (HOOD) Stock Slides 5% as Blockchain Network Experiences 14-Minute Halt appeared first on Blockonomi.

Key Highlights
Elon Musk has verified that Tesla’s Cybercab will allow direct connections for PlayStation and Xbox gaming consoles
The autonomous vehicle includes a massive 22-inch touchscreen equipped with entertainment, music streaming, and gaming applications
Future integration of Starlink V5 technology will deliver high-speed internet connectivity inside the cabin
Tesla’s robotaxi is currently transporting fare-paying passengers throughout Austin without human operators
This development represents a departure from Tesla’s proprietary gaming platform toward supporting third-party console systems
Tesla’s autonomous Cybercab will enable passengers to connect PlayStation or Xbox gaming systems directly to the vehicle’s expansive 22-inch display, based on recent confirmation from CEO Elon Musk.
JUST IN: Elon Musk says you will be able to plug PlayStation or Xbox consoles directly into your Tesla. pic.twitter.com/g3B4EgvPlQ
— Watcher.Guru (@WatcherGuru) September 5, 2026
The announcement came as Musk responded to newly unveiled entertainment visuals showcasing the Cybercab’s interior capabilities. These promotional materials highlighted the vehicle’s integrated entertainment ecosystem, featuring streaming movies, music platforms, and interactive gaming through the prominent front-mounted screen.
What distinguishes this approach is the focus on external hardware rather than Tesla’s proprietary gaming collection. Passengers will have the option to bring their personal Sony PlayStation or Microsoft Xbox systems and link them directly to the display, essentially treating the vehicle like a home entertainment center.
Comparison to Tesla’s Previous Gaming Initiatives
Tesla initially introduced in-vehicle gaming capabilities back in 2019, featuring arcade-inspired titles available to users while their vehicles charged. The refreshed 2021 iterations of the Model S and Model X came equipped with specialized graphics processors delivering approximately 10 teraflops of computing power, rivaling the PlayStation 5’s performance specifications.
The FUTURE of driving is here
Tesla's new Cybercab has no steering wheel, no pedals, and no driver.
The entire front of the car becomes a 22-inch screen, and riders can play games with a controller, stream movies and music, with Starlink connectivity coming soon.
The Cybercab… pic.twitter.com/e89FdRJBNt
— Coin Bureau (@coinbureau) September 5, 2026
By 2022, Tesla expanded its gaming portfolio by incorporating Steam compatibility into newer Model S and Model X variants. This integration proved short-lived, as Tesla discontinued Steam support in 2024 following a transition to updated entertainment hardware configurations.
During a 2021 statement, Musk explicitly dismissed the idea of developing a proprietary gaming console to rival established platforms like Xbox or PlayStation, describing such an effort as unnecessary duplication. The current strategy aligns with that philosophy by leveraging existing console ecosystems rather than creating competing hardware.
Inside the Cybercab Experience
The Cybercab features a radical design with no traditional driving controls—no steering wheel and no foot pedals. This completely autonomous vehicle is already operational within Tesla’s Austin deployment zone, transporting paying customers without any human supervision.
The interior has been optimized as a mobile entertainment hub. Factory-installed applications provide access to film streaming, music services, and interactive games. Future installations of Starlink V5 equipment will ensure consistent high-bandwidth internet connectivity throughout rides.
According to Musk’s confirmation, the vehicle will feature physical connection ports allowing consoles to interface with the display system, enabling full video output, audio processing, and game controller functionality through the car’s integrated screen.
This design philosophy transforms the Cybercab’s display from a traditional driver-focused interface into a dedicated passenger entertainment system. Without the need for human driving attention, travel time becomes leisure time, making comprehensive gaming configurations increasingly viable.
Regulatory considerations remain relevant. The National Highway Traffic Safety Administration has previously scrutinized Tesla regarding potential distractions from in-vehicle gaming features, resulting in Tesla temporarily disabling gaming functionality during active driving periods. Complete console integration will likely depend on evolving regulations governing autonomous vehicle operations across different jurisdictions.
From the perspective of gaming giants Sony and Microsoft, this development creates an additional screen platform without requiring capital expenditure on new hardware development. Gamers maintain access to their complete digital libraries and cloud-saved progress.
Tesla’s contribution to this ecosystem centers on delivering the display infrastructure, electrical power distribution, and physical connectivity interfaces. Game content, licensing agreements, and platform ecosystems remain under the control of established console manufacturers.
The Cybercab is presently operational throughout Austin. Tesla has not announced specific timelines for broader deployment of the console connectivity feature across additional markets.
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TLDR
Hawthorn completes FSC merger and expands its banking network to 27 locations
HWBK stock rises as Hawthorn closes FSC deal and grows regional bank footprint
Hawthorn Bank reaches 27 locations after completing FSC Bancshares acquisition
FSC merger lifts Hawthorn’s scale with $2.2 billion in combined total assets
Hawthorn targets first quarter 2027 for Farmers State Bank customer conversion
Hawthorn Bancshares completed its FSC Bancshares merger, expanding Hawthorn Bank to 27 locations across Missouri and Kansas. HWBK stock rose 0.66% to $39.84 after recovering from an early decline. The transaction broadens Hawthorn’s regional reach and adds Farmers State Bank customers to its platform.
Hawthorn Completes FSC Bancshares Merger
Hawthorn completed the FSC Bancshares merger on September 3, with Hawthorn remaining the surviving holding company. Farmers State Bank also merged into Hawthorn Bank under the completed transaction. Hawthorn Bank now controls the combined banking operations and larger customer base.
The deal expands Hawthorn across northern, central, western, and mid-Missouri, while retaining one location in Kansas. Hawthorn Bank now operates 27 banking offices after adding the Farmers State Bank network. The larger footprint gives Hawthorn broader access to households and businesses across regional markets.
The transaction increases the combined company’s total assets to approximately $2.2 billion. That larger base gives Hawthorn more scale across lending, deposits, and financial services. The company also adds new communities while maintaining its relationship-based regional banking model.
Integration Targets First Quarter of 2027
Hawthorn Bank has started preparing Farmers State Bank for integration into its existing platform. The company expects the main customer conversion during the first quarter of 2027. Until then, Farmers State Bank customers can continue using current banking centers and digital services.
Customers will retain access to the existing Farmers State Bank website and mobile application during the transition. Hawthorn plans to provide detailed information before transferring customers onto its systems. The staged process supports continuity while Hawthorn combines operations, technology, and customer services.
The merger also allows Hawthorn to offer broader financial products across the acquired customer base. Farmers State Bank customers will gain access to Hawthorn’s larger resources after conversion. Meanwhile, branch teams will continue serving local communities throughout the integration period.
Hawthorn Expands Regional Banking Footprint
Hawthorn Bank operates from Jefferson City, Missouri, and has built a strong regional presence. The FSC acquisition extends that network and increases Hawthorn’s reach across several Missouri communities. The expanded branch base strengthens its position across local commercial and consumer banking markets.
Several advisers supported both companies through the merger and closing process. Raymond James advised Hawthorn financially, while Hunton Andrews Kurth provided legal counsel. Northland Capital Markets advised FSC, while Stinson handled legal work and Olsen Palmer issued a fairness opinion.
The completed merger gives Hawthorn greater scale without changing its regional banking focus. Hawthorn now enters integration with 27 locations and approximately $2.2 billion in assets. The company will focus on completing customer conversion and unifying the acquired banking operations.

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TLDR
HPQ rises 1.61% as HP expands its premium lineup with new OmniBook laptops.
HP unveils OmniBook Ultra 16 and X 14 for creators, developers, and gamers.
OmniBook Ultra 16 offers up to 128GB memory and strong local AI performance.
OmniBook X 14 adds portable performance with OLED display and fast charging.
HP also previews OmniDesk as it expands high-performance computing beyond laptops.
HP Inc. (HPQ) shares advanced Friday after the company expanded its computer lineup with AI-focused OmniBook models. HPQ rose 1.61% to $32.44 after recovering from morning losses and holding most afternoon gains. The launch expands HP’s high-performance computer push for creators, developers, gamers, and advanced users.
HP Inc., HPQ
HP Expands Premium AI PC Lineup
HP introduced the OmniBook Ultra 16 and OmniBook X 14 with NVIDIA RTX Spark and Windows. Both laptops support AI tools, creative applications, personal assistants, and demanding workloads. HP first previewed the platform at Computex in June before providing fuller details.
The OmniBook Ultra 16 targets developers, creators, gamers, and entrepreneurs handling projects. Configurations offer up to 128GB of unified memory and one petaflop of FP4 performance. HP also added a tower hinge, larger heat pipes, and dual fans for sustained workloads.
The laptop includes a 16-inch 3K OLED display and speakers with smart amplifiers. Its 99Wh battery delivers up to 17 hours under HP’s stated conditions. Fast charging can restore about 50% capacity in roughly 30 minutes with supported equipment.
OmniBook X 14 Focuses on Mobility
The OmniBook X 14 brings computing features into a smaller portable design. HP targets users combining work, content creation, entertainment, and mobile computing. The system combines local AI functions, RTX graphics, and creator tools in a thin body.
For cooling, HP uses thermal architecture, heat pipes, and optimized airflow inside the chassis. The laptop includes an OLED display designed for strong contrast and detailed visuals. HP aims to preserve portability while supporting demanding computing tasks.
The OmniBook X 14 offers up to 15 hours of battery life under stated conditions. A 140W USB-C GaN adapter supports fast charging away from fixed locations. Compatible charging can restore about 50% capacity in approximately 30 minutes.
OmniDesk Extends HP’s Desktop Push
HP also outlined its upcoming OmniDesk, extending the same computing strategy beyond portable devices. The compact desktop targets users running long tasks, local applications, and workloads. HP designed the system to keep active processes running when users step away.
HP has not released full OmniDesk specifications, pricing, or final availability details. The company plans to provide more information closer to the desktop’s commercial release. This leaves room for HP to finalize hardware features and positioning.
HP expects the OmniBook Ultra 16 to reach HP.com and Best Buy during the fall. The OmniBook X 14 should also launch this fall through HP.com and other retailers. HP has not announced pricing for either laptop or the OmniDesk.

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