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0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. $1B Solana treasury company said to be in works by Galaxy, Multicoin, Jump

Blockworks: UPXI, the largest Solana treasury company today, is #11 among all DATs, which include Bitcoin and Ethereum ones.

Cantor Fitzgerald will reportedly be the lead banker for the deal.
An unidentified publicly traded entity would be acquired to create the so-called digital asset treasury.
Early Sep.: the deal is expected to close.
The Solana Foundation has reportedly given its endorsement to the deal.

Summer camp is all about making new friends, learning new skills, and having a great time. This time, Auth0 is bringing camp to you! Swap the campfire songs for startup demos and the ghost stories for an expert AI panel, and you get… Camp AI: SaaS, Startups, and Scale presented by Auth0, AWS, GitHub, and Vercel.

Meet us in San Francisco on September 18, 2025, for an evening packed with:

Startup demos by Acuvity AI, Traversaal AI, CircleCI, and CodeAnt AI
A panel discussion with AI GTM experts at Auth0, GitHub, AWS, and Vercel, sharing insights on how to build and secure the AI tools you may be working on
Networking with peers and the SF AI community

Are you ready for Camp AI?

9to5Mac (foldable iPhone concept render).

4 cameras, with 1 on the front and inside for selfies and video calls.
Lacks a SIM card slot to embrace eSIM.
In-house C2 modem as a replacement for Qualcomm’s chip.
In-cell touch screen to make its crease less obvious and improve touch accuracy.
Sep. 2025: Apple rumored to debut the iPhone Air, setting the stage for 2026 and 2027 iPhone shifts.
2027: a curved-glass iPhone is rumored to celebrate its 2- anniversary.
Apple Health+, a paid service, is rumored to launch next year with an AI coach for nutrition and medical advice.

X: Howard Lutnick.