Tuesday, September 29: AMD World ...

Tuesday, September 29: AMD World Labs. Near Intents freeze. Centinela strike vote.

AI
The Triple Tape by Brian Stegman
Sep 29, 2026
08:02

Episode notes

The Triple Tape — Tuesday, September 29, 2026. Morning markets: stocks, crypto, and metals.

Takeaway: AMD's ~$8.2B all-stock World Labs deal puts Fei-Fei Li into the chipmaker as chief scientist; Near Intents blocks >$50M of Bitget-linked swaps and freezes ~$503k; Centinela unions authorize a strike with 98.73% of the vote while the mine still runs into mediation.

  • Near Intents SHIELD blocked >$50M in Bitget-linked swap attempts; froze ~$503k; waived recovery bounty (CoinDesk)
  • CFTC registers Coinbase Clearing LLC as a DCO — USDC-native, fully collateralized only (The Block / Cointelegraph)
  • Senate Dems PSI: Tether/USDT a “lifeline” for Iran shadow banking; Tether cites ~$550M Iran-linked freezes in 2026 (Blumenthal / Tether)
  • Goldman ~$100B FTIXX Treasury fund onto Lynq for crypto institutions — traditional fund, not tokenized (CoinDesk)
  • Chainlink launches CCIP 2.0 with optional Cross-Chain Verifiers (Chainlink / CoinDesk)

Tape (CMC ~5:06 a.m. ET): AAVE $167.50 (+13.34%); LINK $15.31 (+12.13%); XLM $0.2292 (+9.42%). BTC ~$83,808 (+1.20%); ETH ~$2,706 (+2.24%).

  • AMD to acquire Fei-Fei Li’s World Labs for ~$8.2B all-stock; Li joins as EVP / chief scientist (AMD / GlobeNewswire)
  • AAR takes 65% of MRO Holdings at ~$4.0B implied EV (AAR / PR Newswire)
  • MongoDB CEO CJ Desai exits for Meta enterprise platform; Dev Ittycheria interim (MongoDB / CNBC)
  • Nvidia board adds $150B to buyback authorization; ~$235B remaining (Nvidia / CNBC)
  • Valley National buys Bluevine for ~$340M (Valley / GlobeNewswire)

Earnings: JEF Q3 EPS $1.08 / $2.22B rev. AIR Q1 sales $918M (+24%), adj. EPS $1.49.

Tape (~5:08 a.m. ET vs Mon regular): KOD −4.43%; GILD −2.93%; XPEV −2.81%.

  • Centinela unions vote 98.73% to authorize strike / reject offer; mine still running; mediation next (ADN / SMM / Reuters)
  • LME Cu stocks Sep 28: 251,350 t (−150) (Westmetall)
  • Deterra buys 1.75% NSR on Ivanhoe Electric Santa Cruz (AZ) copper for US$74.15m (ASX)
  • Heraeus/Kitco: China gold imports 142 t Aug / 1,141 t YTD; pace ~1,700 t 2026; PBoC +20 t Aug
  • Luca Mining: Goldgroup US$75m / 19.9% equity commitment toward Capstone Cozamin Cu-Ag buy (CNW)

Tape (Kitco spot ~5:05 a.m. ET): Platinum $1,687 (−1.35%); Palladium $1,205 (+1.09%); Gold $4,143.10 (+0.70%).

9:00 Case-Shiller / FHFA; 10:00 JOLTS + Conference Board confidence; midday Treasury buybacks/bills; Fed speakers Bowman, Barr, Goolsbee, Musalem, Williams, Waller. Week: Wed ADP + GDP third + PCE; Thu ISM; Fri payrolls.