“Bonk Guy” Reflects on Meme Coin Trading Success: Earned Over $20 Million Trading BONK With 6x Leverage From an Initial $16,000 Stake

Pre-market key news for US stocks on Tuesday: 1. Morgan Stanley upgrades Robinhood, noting the market has undervalued the monetization potential of Robinhood’s existing user base. 2. Hut 8’s Texas data center is reportedly included in Anthropic’s $35 billion AI computing power deal. 3. Meta Platforms (META.O)’ acquisition of Manus has been called off, with the founding team regaining full control, according to reports. 4. Apple (AAPL.O)’ official website updated that John Ternus has officially assumed the role of Apple CEO. 5. Anthropic and Lambda, a cloud service provider backed by NVIDIA, have struck a $35 billion cloud computing deal, with data center leasing rights held by NVIDIA. 6. OpenAI’s advertising business is growing rapidly, with annualized revenue exceeding $1 billion. 7. Per relevant legal documents: Apple (AAPL.O) alleges in its trade secret lawsuit against OpenAI that the defendant used Apple’s proprietary information to train AI agents. 8. U.S. Department of Commerce: Meta Platforms (META.O) CEO Mark Zuckerberg will attend the tech-focused G20 meeting via video conference.

Against the backdrop of escalating US-Canada trade tensions and rising energy prices, markets widely expect the Bank of Canada (BoC) to hold its benchmark interest rate steady at 2.25% this Wednesday, marking the central bank’s seventh consecutive hold. The US has already imposed a 50% tariff on roughly $20 billion worth of Canadian goods, while Canada plans to levy retaliatory tariffs on certain US products starting September 8. Meanwhile, driven by rising oil prices, Canada’s overall inflation rate has climbed to 3%, hitting its highest level since 2023, leaving the BoC facing a stagflation dilemma: tariffs weighing on economic growth while energy costs fuel inflation. While Canada’s annualized second-quarter GDP growth rebounded to 3.3% and over 180,000 jobs were added between May and July, roughly two-thirds of surveyed economists have cut their corporate investment forecasts due to the trade war. Markets now widely anticipate that the BoC’s next rate hike may not come until the first half of 2027.

After rising nearly 10% in August, international spot gold has pulled back sharply, with market expectations for further gains cooling significantly. Polymarket data shows the probability of gold hitting $5,000 per ounce by year-end is just over 50%, the chance of reaching $4,500 is almost certain, while the likelihood of hitting $6,000 has dropped to around 13%; the probability of a short-term return to $4,700 is less than one-third. Affected by the Federal Reserve’s hawkish signals, U.S. Treasury yields, and rising oil prices, spot gold fell more than 2% at one point Tuesday to around $4,350 per ounce, a notable pullback from its previous high of roughly $4,697. After Fed Chair Waller delivered hawkish signals at the Jackson Hole Annual Meeting, market bets on a September rate hike rose to about 66%, and the yield on the 10-year U.S. Treasury note climbed to approximately 4.78%. Meanwhile, Brent crude oil broke above $91 per barrel, further intensifying inflationary pressures. Still, gold’s long-term bullish narrative has not faded: concerns over fiscal deficits, expanding government debt, and the U.S. dollar’s purchasing power continue to underpin gold prices. Citi forecasts gold will rise to $5,000 over the next 6 to 12 months, and has raised its short-term target to $4,800. The market will now turn its focus to U.S. employment and inflation data to gauge whether gold bulls can regain momentum.

Beating AI News (from Dongcha) – Zhipu AI announced that its GLM Coding Plan has reached its first anniversary since launch, and has issued a reset card to all active subscribers. After using the card, both the 5-hour and weekly quotas will be fully replenished immediately, without waiting for their respective refresh cycles.

According to Lookonchain monitoring, the mysterious whale address 0x6436 purchased another 141,442 HYPE tokens today, valued at roughly $11.88 million. Earlier, on August 30, the same whale address bought 243,713 HYPE tokens for $20.24 million; between August 25 and 27, it acquired 387,952 HYPE tokens via Hyperliquid, OKX, Bybit, and Gate, totaling $31.5 million.

Multiple Wall Street institutions have recently released their latest stock ratings, issuing positive assessments for firms including Nvidia, Microsoft, Apple, SpaceX, Cisco, Airbnb, and Uber. Baird reaffirmed its "Outperform the Market" rating for Nvidia, noting the chipmaker remains a top large-cap pick thanks to its leading market share and sustained growth in its inference business. Bank of America reiterated a "Buy" rating for Microsoft, raising its target price from $500 to $600, citing accelerated Azure growth as further validation of its AI strategy. JPMorgan reaffirmed an "Overweight" rating for Apple, arguing that despite an expected decline in global smartphone shipments in 2026, the tech giant will benefit from rising market share in the premium device segment. Bernstein reaffirmed an "Outperform the Market" rating for SpaceX, stating that the new launch facility at its Louisiana Starbase site will provide critical infrastructure for future Starship launches and orbital data center construction. Separately, Deutsche Bank initiated coverage on Cisco with a "Buy" rating; Rosenblatt initiated coverage on Uber and Airbnb, assigning "Buy" ratings with target prices of $100 and $220 respectively; KeyBanc initiated coverage on eToro with an "Overweight" rating; Piper Sandler upgraded Tempus AI’s rating to "Overweight", lifting its target price from $56 to $76; Evercore ISI upgraded Duolingo’s rating to "Outperform the Market". Other rating actions include: UBS downgrading Interactive Brokers from "Buy" to "Neutral"; Bank of America upgrading Timken to "Buy"; Citigroup initiating positive catalyst coverage on Howmet Aerospace; and BMO upgrading Park Hotels & Resorts to "Outperform the Market".