Ahboyash Reads

Malaysia profits from data centre boom Malaysia's economy grew 6% in Q2, driven by a 7.5% manufacturing surge and 6.6% construction growth, fueled by AI-related semiconductor and data center investment Source

Shaw accuses Baoskee (founder of daos.fun) of insider-trading $ai16z, pocketing roughly $6.6m In the reply, Baoskee lists Shaw’s own history of rugs, abandoned projects, failed lawsuits and wasted funds, while dismissing the entire post Source

Neoclouds (former crypto-mining firms that repurposed power infrastructure for ai compute) are capturing massive revenue growth by supplying AI compute, but their long-term profitability is challenged by heavy infrastructure and hardware costs Source

Markets are experiencing "financial psychosis” - extreme volatility and unpriceable futures are undermining the core assumptions behind rational investment decisions Source

Jane Street Suffers Loss of About $15 Billion Following Troubles at Situational Awareness Trading firm posted its worst month ever in July after bets at Leopold Aschenbrenner’s hedge fund soured Source

ABFinance, a secure and compliant financial infrastructure founded by former Bybit co-CEO Helen Liu, winds down Source

StablecoinX Inc. reported its Q2 2026 results, highlighting a newly acquired 3.0 billion ENA token treasury and over $232 million in total assets This follows its successful public market debut to support the Ethena digital dollar ecosystem Source

Chinese AI lab Z.ai recently released GLM-5.3, which rivals leading American models despite its much smaller size Their ability to stay at the frontier comes from rapid release cycles, highly efficient post-training, and a growing domestic reinforcement learning data industry Source

Anthropic Does Not Plan To Release Its Internal "Model 2" That Appears To Be More Powerful Than Mythos - Polymarket⁠.com Sees The Chance Of Anthropic's Upcoming IPO Closing At Over $1.8T Mcap At 66%: Axios Source

Sigil Core returned 15.59% net of fees in Q2 2026, outperforming its BTC benchmark by 32.92%, driven by large positions in perpetual exchanges Hype and Lit Source

JPMORGAN ENDED BANKING RELATIONSHIP WITH POLYMARKET OVER REGULATORY CONCERNS: WSJ Source

Binance will block transactions with HTX and 10 other exchanges following EU sanctions Source

*SPACEX-CURSOR MERGER EFFECTIVE AUG 14 Source

A Singapore cryptocurrency scam using fake LinkedIn job offers and malware stole US$11.8 million after a victim downloaded malicious software during a fake technical assessment Source

China's gig economy (53million food delivery and ride-hailing workers) has become the absorber for surplus labour displaced by the property bust, factory automation, and weak consumption But it's saturating: drivers queue 7-10 hours at airports for fares, and per-order delivery fees have fallen 20-50%, pushing incomes toward subsistence. The deeper problem is that labour demand is falling faster than the shrinking workforce - the result is deflation, record-low 3.4% urban wage growth, and a "fragile balance" where underemployment is masked by a meaningless 5% official jobless rate. Source

GLM-5.3 is an upgraded open-weights model from Z.ai that uses scaled post-training to significantly improve upon its predecessor in complex coding and long-horizon tasks The model also developed unexpected cybersecurity capabilities and successfully identified thousands of real-world software vulnerabilities Source

The modern American economy disproportionately rewards asset ownership over traditional labor, making it difficult for workers to achieve financial stability through wages alone This structural shift has fueled widespread financial nihilism among younger generations, pushing them toward speculative investments to attain the security that traditional career paths no longer offer Source

FG Nexus (an Ethereum DAT) dumped all its Ethereum at a $45m loss and pivots to real estate - after earning just $144,000 in staking rewards As of 30 June, FG Nexus held no cryptocurrency after ending its digital-asset strategy within 11 months Source

Police in Paraguay have launched an investigation into the death of a Hong Kong-born cryptocurrency fund executive as speculation swirled over the case Experts on Wednesday also warned of a global rise in violent extortion attempts targeting digital asset holders, a phenomenon known as “wrench attacks” Source

Cero is a Visa spending card that turns everyday purchases into upside, with free transactions, rewards, and weekly jackpot entries Source