Trump declares "Iran is dead", cites multiple accusations to claim Iran "has completely failed"

Broadcom (AVGO.O) announced the launch of VMware AI Factory, which aims to accelerate the production time of artificial intelligence and strengthen control over the AI token economy.

According to Yorkville America CEO Steve Neamtz’s disclosure to Reuters, the asset management firm overseeing U.S. President Donald Trump’s Truth Social ETF is nearing completion of an acquisition deal aimed at expanding its product line. Neamtz joined Yorkville America in December 2025. He noted that the deal will serve as a key cornerstone of Yorkville’s strategic expansion, broadening the firm’s scope beyond its current "America First" themed ETFs managed under the Truth Social brand into more diverse areas. The transaction is expected to close in September. Over the past year or two, Yorkville has been among the few fund issuers to enter the ETF space, opting to launch a broader range of fund products. A key step in Yorkville’s move in this direction is its planned launch of the MANGOS Plus Index ETF on Monday. The fund will list on the New York Stock Exchange (NYSE) and its newly established NYSE Texas segment. This will be Yorkville’s first ETF not managed under the Truth Social brand, targeting a basket of the market’s hottest stocks tied to AI development and implementation. The fund will track an index whose constituents include not only the "MANGOS" companies—Meta, Anthropic, NVIDIA, Google parent Alphabet, OpenAI, and SpaceX—but also other AI-themed stocks, such as Micron and SanDisk. To give investors exposure to the two non-publicly traded companies Anthropic and OpenAI, the fund will use perpetual futures contracts linked to each of the two firms. These derivatives track the underlying asset’s price and have no expiration date. Neamtz stated: "This will be our first product in the digital asset and cryptocurrency product category." Additionally, Yorkville has filed applications to launch around 12 more ETFs in the coming weeks to months, spanning other digital economy-themed funds and macro strategy-based products.

Balancer announced in a post that a vulnerability has been discovered in its legacy Balancer v1 smart contract, which allows attackers to drain liquidity provider (LP) funds. The affected pools are deprecated and cannot be paused. Users are encouraged to withdraw their funds. Other Balancer products remain unaffected.

US Treasury Secretary Bessent stated that the United States will continue to exert pressure on Iran.

Key pre-market news for US stocks on Monday: 1. Strategy added 4,603 BTC last week, its first purchase in two months, at an average price of $80,318; Bitmine added 53,501 Ethereum last week, marking its 65th consecutive week of accumulation. 2. US Central Command confirmed that US forces struck two Iranian rocket launchers in the Strait of Hormuz on Sunday (early morning Beijing time, August 31). This is the first time the US has publicly admitted to an attack on Iran since late July. 3. Jensen Huang said AI is bringing manufacturing back to the US and helping America lead the next industrial revolution. AI is creating demand, driving investment in the US’s aging power grids and sustainable energy, driven by market forces rather than subsidies. 4. Last week, the US signed a broad energy cooperation agreement with Venezuelan interim president Rodriguez. Trump said Sunday that the US will fill its strategic petroleum reserve with Venezuelan oil. 5. Barclays expects the Federal Reserve to raise interest rates by 25 basis points in both September and December this year. 6. Tom Lee believes that asset tokenization and AI agent finance will be the core narratives of the crypto market over the next five years, with Ethereum poised to become the underlying settlement layer of the global financial system, and ETH remains significantly undervalued relative to BTC at present.

OpenAI said ChatGPT's annualized ad revenue has reached $1 billion.