GM, and welcome to the first JoxCap in your inbox. This is a short, plain-spoken brief on stocks, macro, AI and crypto. It lands at 07:00 UK every Monday, Wednesday and Friday, with a week in review on Sunday. Every fact gets a source, and when a number is an estimate or self-reported, I'll say so.
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6 things worth knowing
Project spotlight: Quantus (QTC), money built for the day after Q-Day
Ticker check first. This is Quantus Network, the post-quantum proof-of-work chain. It isn't Quant (QNT), and it isn't the two other "QTC" tickers on CoinGecko (Qubitcoin and Qitcoin).
Source Quantus whitepaper v0.4.1 →
Inference is not money. It's the newest commodity.
There's a line doing the rounds in the Bittensor community: "inference is the new money". It's a good line. Taken seriously, it's also wrong, and the difference matters for how you value TAO.
Markets: CPI day, and bitcoin inside its range
US September CPI is out at 13:30 UK. A Wall Street Journal survey of 14 bank forecasters, compiled by InvestingLive, has headline up about 0.6% on the month and 3.6% on the year, from 3.4% in August, driven…
Source InvestingLive CPI preview →
ASML: demand already outruns 2028 capacity
ASML reported Q3 net sales of €11.7 billion and net income of €5.0 billion, with a gross margin of 57.5%. Installed-base management came in at €3.3 billion. Q4 sales are guided at €14.2–15.2 billion. Full-year…
Source ASML Q3 2026 results →
Banks: JPMorgan misses, Goldman clears the bar
Four big US banks reported on Tuesday. JPMorgan posted net income of $15.3 billion, or $5.57 a share ($5.75 excluding securities losses), a rare miss against consensus near $5.90. Goldman Sachs reported…
Source CNBC bank earnings →
Coinbase pushes Bitcoin toward post-quantum prep
Coinbase published a technical note on Bitcoin's post-quantum readiness. It holds about 5% of all bitcoin in custody and wants the community to start a multi-year migration before any cryptographically…
Archive
Recent issues
- Wednesday 14 October 2026 · No. 003
Quantum-Safe Money, ASML's Order Book, and Why Inference Isn't
6 items - Monday 12 October 2026 · No. 002
SpaceX Hits Telcos, Oil Softens, Bitcoin Holds
7 items - Sunday 11 October 2026 · No. 001
5% Yields, $100 Oil and an AI Reality Check
8 items
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