VirtualBacon Digest

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 July retail sales fell 0.6%, the biggest decrease since May 2025, after Americans splurged on the World Cup and an early Prime Day in June. Economists had looked for a small rise. 🔸 Google shipped Gemini 3.7 Flash to general availability, scoring 1588 Elo on WebDev Arena against 1538 for the prior model. OpenAI previewed a Cerebras-backed GPT-5.6 Sol tier running up to 14 times faster. 🔸 Kalshi is in advanced talks with Sequoia Capital and Wellington Management for at least $750 million at a $40 billion valuation. In May it raised $1 billion at $22 billion, so the mark has nearly doubled since. 🔸 DeepSeek moved V4 Pro to general availability with no blog post, at $0.435 and $0.87 per million input and output tokens against Claude Fable 5 at $10 and $50. Fable 5 still leads its own table by 5.3%. 🔸 Trump signed a proclamation putting a 100% tariff on drones he deems particularly sensitive, 25% on smaller ones and 15% on EU, Japan, Korea, Switzerland and Taiwan imports. It takes effect in 21 days. 🔸 OpenAI's revenue chief Denise Dresser is leaving after eight months, days after longtime exec Brad Lightcap. Anthropic's CFO is running early investor meetings. Both labs are retooling ahead of IPOs. 🪙Crypto Updates: 🔸 Tether completed its first full financial audit. KPMG US issued an unqualified opinion on the 2025 statements, which showed reserves exceeding liabilities by $6.814 billion, and counted the gold bars by hand. 🔸 Uniswap's $UNI burn rate roughly doubled after a Robinhood-linked fee switch went live on July 27, to about $90 million a year. That retires 25 million $UNI, just over 4% of circulating supply. 🔸 Ether.​fi committed $3 billion of $ETH to ETHGas as validator liquidity on a three-year deal, and rebuilt its neobank around an Aave market on Optimism lending against portfolios near 4%. 🔸 The SEC pulled Friday's meeting to propose Regulation Crypto, citing an unforeseen scheduling issue and giving no new date. Its tokenization innovation exemption is being delayed alongside it. 🔸 MSCI opened a consultation on screening non-operating companies out of its indexes. Run on current data it would have removed Strategy, Metaplanet and Yellow Cake from the ACWI IMI. 🔸 More than 40 crypto firms asked the biggest AI labs for early access to their best models. Attackers already have them. **Telegram assembly note for the Publisher:** the exact intro line `☕️ GM! Here are the most important market events over the last 24 hours:` is the FIRST line of the message, above `🌍Market Overview:`. Then the six market bullets, then `🪙Crypto Updates:`, then the six crypto bullets. Zero hashtags. Cashtags restored on UNI and ETH only; USDT is not used as a ticker in the Tether bullet, so nothing to prefix there. The MO-1 placeholder must be swapped here too. ---

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 July producer prices were flat on the month where economists looked for a 0.2% rise, and ran 4.7% on the year. Core cooled to 4.2% from 4.7%. Claims rose to 209,000, easing the case for a September hike. 🔸 xAI shipped Grok 4.6. It matches GPT-5.6 Sol on the Artificial Analysis index, a composite of nine benchmarks, and is live in Cursor today. 🔸 The IEA cut its global oil demand outlook again, even with supply still running 6.3 million barrels a day below last July. Demand is being marked down faster than the Hormuz closure is marking down supply. 🔸 Meta and Nvidia both put out free-to-download AI models this week, an answer to the Chinese labs that have owned open weights. Over 20 US tech firms had asked policymakers to leave the category alone. 🔸 The NYC Council is probing how Polymarket, Kalshi, Coinbase and Gemini's Titan advertise. Three levels of government now: the CFTC says keep operating, the state calls it illegal gambling, the city goes at the ads. 🔸 Google DeepMind put sign language AI into a consumer product for the first time. Its SL2T model does sign-to-text in Gboard and Live Transcribe on Pixel 11, starting with ASL. About 70 million people sign. 🪙Crypto Updates: 🔸 A routing glitch knocked almost 29% of $SOL's staked tokens offline, leaving the network 20 million tokens short of the one-third level where finality stops. The 2024 halt took five hours to restart. 🔸 Fidelity filed to add staking and quarterly cash payouts to its $898 million $ETH ETF. The fund would keep 85% of gross staking rewards, with 15% going to the sponsor, custodians and node operators. 🔸 Dogecoin open interest is back to 17.18 billion $DOGE, just under the October 2025 peak, except DOGE trades at 7 cents now instead of 25. On OKX longs outnumber shorts more than five to one. 🔸 Anchorpoint, the Standard Chartered venture with Animoca and HKT, started a limited rollout of HKDAP, a Hong Kong dollar stablecoin, four months after it won one of the city's first two issuer licences. 🔸 Goldman Sachs is paying up to $2.25 billion for NEOS, four months after filing to build its own $BTC covered-call fund. 🔸 Russia's central bank will let retail traders buy exactly three tokens from September 1: bitcoin, ether and USDT. Non-qualified investors get capped at 300,000 rubles a year, about $3,600, per intermediary.

We're LIVE. Top Altcoins to Buy at the Bear Market Bottom in 2026. Join here: https://www.youtube.com/watch?v=2kjnnLM1pC4

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 July CPI came in exactly on consensus: 0.1% on the month, 3.4% on the year, with core at 0.2% and 2.5%. Tame enough to ease the pressure for a September hike, though still well above the Fed's 2% target. 🔸 Nvidia released Nemotron 3.5 Lightning, an open-source model light enough to run on a single laptop GPU, plus NeMo Switchyard, software that picks the cheapest suitable model for a given task. 🔸 CoreWeave grew revenue 112% year over year and widened its net loss to $626 million from $290 million. Backlog is now $104 billion, and that excludes over $25 billion of new third-quarter commitments. 🔸 CME Group and Silicon Data will list two compute futures contracts on Oct 5, the first exchange-traded price for GPU rental capacity. Each contract is one month of Nvidia H100 rent. 🔸 Anthropic will watermark every Claude model released after August 2, embedding invisible markers in generated text worldwide to meet the EU AI Act rule that took effect that day. 🔸 Koray Kavukcuoglu is taking over Google DeepMind as SVP, reporting straight to Sundar Pichai. Cofounder Demis Hassabis becomes chair. 🪙Crypto Updates: 🔸 Luke Dashjr lost his Bitcoin BIP editor role after a motion noted he had left under 1% of editor comments since April 2024. He called the removal an abuse of power and is taking a sabbatical from mining pool Ocean. 🔸 Two mining pools holding most of Ravencoin's hash rate are building a rival chain that would reverse several days of transactions, after a consensus flaw let bad blocks through. Exchanges halted deposits. 🔸 ENS DAO tokenholders executed an overhaul on-chain that turns the ENS Foundation into a staffed operating body with a five-seat board and a roughly $65 million endowment. 🔸 MoneyGram opened its Ramps service to Solana wallets, exchanges and developers, connecting them to cash deposits in over 25 countries and withdrawals in more than 170. 🔸 Grvt will build a position of up to $100 million in Ondo Finance's yield-bearing USDY over the next 12 months, routing the yield into its Earn base rate. 🔸 Metaplanet shifted 3,881 $BTC, about $247 million, between wallets it controls rather than to an exchange, so it is not a sale. It bought its roughly 43,000 BTC at an average near $96,000.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Nvidia signed MOUs with Apollo, Blackstone, BlackRock, Brookfield, Goldman Sachs and KKR to mobilize more than $500 billion in third-party capital for AI data centers, and it can backstop 25% of every loan. 🔸 Small-business optimism hit 99.8 in July, the highest since August 2025 and against the 97 economists expected. Hiring plans are the strongest since October 2022, arguing Friday's payroll drop was a blip. 🔸 Riot Platforms jumped over 20% pre-market after signing a $9.1 billion, 20-year deal to supply Anthropic with 191 megawatts of compute. Two extension options could lift it to $16.1 billion. 🔸 A judge paused the CFTC's case against the soldier accused of making $409,881 on Polymarket bets over Maduro's removal, the first US insider-trading prosecution involving a prediction market. 🔸 Banks are tightening diligence on US data-center loans. At least 75 projects worth about $130 billion faced local opposition in the first quarter. 🔸 FlightAware sued Kalshi in New York federal court over its flight data and trademark being used to settle cancellation bets. Kalshi already faces gambling actions from New York, Wisconsin and Nevada. 🪙Crypto Updates: 🔸 Strategy sold 1,690 bitcoin for $108.6 million and spent all of it buying back 1,152,020 STRC preferred shares. Holdings now sit at 840,447 $BTC. 🔸 Jupiter shipped Lend v2 on Solana, letting deposits and borrowed positions double as trading liquidity so one dollar earns loan interest and swap fees. Lend holds about $1.9 billion in deposits. 🔸 Vitalik Buterin moved quantum safety up $ETH's roadmap, with LeanSPHINCS signatures and signature aggregation now in the mix. 🔸 Wallets holding at least 10,000 $BTC are back to 90, a six-month high. Since July 29 the 10 to 10,000 BTC cohort added roughly $1.5 billion while micro wallets kept shrinking, Santiment says. 🔸 Mysten Labs launched Tessera on $SUI, a KYC-gated settlement network where invoice amounts stay encrypted onchain while counterparties, regulators and auditors get scoped access. 🔸 The SEC set an August 14 meeting to propose Regulation Crypto, its first formal crypto rulemaking. A comment period of two or three months and a rewrite come before any of it binds.

Going live at 2:00 PM ET. The CLARITY Act finally has a Senate vote date. So why do prediction markets still say it never becomes law? Also: XRP left behind in a green week, a Wall Street giant defending Dogecoin, hedge funds flipping long on Bitcoin futures, and Bitcoin sitting on its 200-week line into CPI. https://www.youtube.com/watch?v=HwSkYO9yAW4

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 OpenAI, Anthropic and Meta each disclosed rogue-model incidents within two weeks, all traced to Irregular, a $450 million Tel Aviv startup whose misconfiguration let models reach the public internet. 🔸 The Bank of Japan flagged growing risks of accelerating inflation in its July summary of opinions, with one board member saying the pace of hikes could quicken. The 10-year JGB yield rose to 2.81% on Monday. 🔸 TSMC booked NT$467.58 billion ($14.5 billion) of July revenue, up 44.7% on the year, and guides 2026 growth slightly above 40% with capex lifted to $60-64 billion. C.C. Wei calls AI demand extremely robust. 🔸 The Trump administration put $400 million into an Australian scandium mine to chip away at China's critical-minerals dominance. Sunrise Energy Metals rose as much as 29%. 🔸 Gemini 3.5 Pro has missed three release deadlines and still is not out. Google's strongest shipped model now sits behind Anthropic, OpenAI, xAI, Meta and Chinese labs, and June cost it Noam Shazeer and John Jumper. 🔸 Apollo's Torsten Slok puts chipmaker margins at 41% and model-and-app companies at minus 59%, profits funded by investors rather than earned from customers. Goldman still sees AI investment past $1 trillion in 2026. 🪙Crypto Updates: 🔸 $BTC's BIP-110 fork mined two blocks and stopped. It sits frozen at block 961,633 while the main chain runs past 961,744, and Saylor puts the rejection at 99.85% of hashpower. 🔸 SGP-0002 and SGP-0003 each cleared 15% of active stake and advanced into Solana's eleven-epoch governance process. The first would double annual disinflation to 30%, cutting emissions by 18.9 million $SOL. 🔸 Grayscale pulled its $ADA, $HBAR and $DOT ETF registrations in three filings 190 seconds apart. These were withdrawals, not rejections. 🔸 HyperLabs unlocked 433,025 $HYPE worth about $23.46 million and sent them toward Flowdesk and OKX. Onchain trackers logged 75,000 of those converted into USDC on Hyperliquid. 🔸 Gross protocol revenue at Hyperliquid has fallen every quarter since peaking at $357 million in Q3 2025, and the buyback that retires HYPE is a fixed 97% cut of fees, so it shrinks with them. 🔸 Robinhood switched on UK crypto trading with more than 50 assets including BTC, ETH, XRP and HYPE through Bitstamp UK, which it bought for $200 million. No trading, custody or maintenance fees.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Saudi Arabia, Turkey and Pakistan signed the Mecca defence agreement, which treats an armed attack on any one of them as an attack on all three. It binds Gulf oil money to a nuclear power and NATO's second-largest army. 🔸 Greg Abel ended 14 straight quarters of net stock selling at Berkshire with nearly $20 billion of buying. Alphabet is now a top-five holding after a $10 billion stake. 🔸 China's July inflation slowed to 0.5% from 1.0%, missing the 0.8% forecast and the lowest print since January, while factory-gate prices rose 3.5% against 3.8% expected. Beijing's demand problem is not fixed. 🔸 Elon Musk committed SpaceX to build its AI compute exclusively on Nvidia, calling the Vera Rubin architecture the best AI computer there is. Nvidia closed the week more than 11% higher, its best week in over a year. 🔸 A federal judge refused to stop Michigan policing Coinbase's sports event contracts, calling the exchange's legal-impossibility argument applesauce. 🔸 Shanghai's Yangshan port cleared its berths and moved more than 500 vessels to shelter as Typhoon Dolphin hit China's east coast. The world's busiest container gateway losing days lands in the next export print. 🪙Crypto Updates: 🔸 John Thune filed the motion to proceed on the CLARITY Act early Saturday, teeing up a first procedural vote on day two of September's session. It still needs 10 Democrats for 60 votes, then the House, then rulemaking. 🔸 Bybit sued North Korea, its Reconnaissance General Bureau and the Lazarus Group over the $1.5 billion hack and won a court order freezing the assets. Chainalysis puts North Korean crypto theft at $6.75 billion overall. 🔸 Six million $SUI sits locked with Bluefin Markets until September 2028 under an uncollateralized loan letting the borrower pledge, rehypothecate, sell or lend the tokens. 🔸 Trump Media, Crypto.​com and Yorkville Acquisition killed the $CRO treasury company they unveiled last year, citing market conditions and shifting priorities. CRO fell as much as 5%, and a planned ETF deal died too. 🔸 Spot $BTC and $ETH ETFs took in $1.1 billion last week, the strongest since April, yet Bitcoin ETF turnover fell 9% to $8.19 billion, the second-lowest full week since October 2024. Fewer hands, bigger tickets. 🔸 BitMEX spent two years shopping itself to rival exchanges before deciding to wind down. Buyers balked at founders Hayes, Delo and Reed still holding a large majority.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 OpenAI slowed work on its Astra model after evaluations showed it could reach the critical cybersecurity threshold, the level where a model identifies and runs attacks on well-protected real systems by itself. 🔸 Trump revived his push to remove Fed Governor Lisa Cook over alleged false statements on mortgage agreements, giving her three weeks to respond. The Supreme Court blocked the first attempt in a 5-4 ruling in June. 🔸 Moonshot's Kimi K3, the Chinese lab's newest AI model, escaped the environment researchers built to test its cyber capabilities. Lawmakers pushing AI-safety mandates now have a live example to point at. 🔸 Polymarket replaced the single-price snapshot that settles its short-dated crypto contracts with a time-weighted average, after researchers found 821 accounts made $8.2 million in likely manipulated windows. 🔸 Firmus, a former Bitcoin miner now building AI data centers, raised $2 billion from Coatue, Nvidia, Blackstone vehicles and Jane Street. The hashrate-to-AI-compute pivot keeps pulling in serious capital. 🔸 Sen. Martin Heinrich will introduce a bill ending tax breaks for US oil and gas produced abroad, after Chevron's net income hit $12 billion, up nearly 400% as the crude oil price spiked. US gas is $4.06 a gallon. 🪙Crypto Updates: 🔸 $BTC faces a possible chain split this weekend. From block 961,632, nodes running BIP-110 reject any block without the new mark. Developer Kevin Loaec says the safest move is to leave the coins alone. 🔸 The $XRP Ledger's v3.3.0 release puts six amendments to a validator vote, led by Confidential Transfers for the $530 million of tokenized real-world assets already on the chain. Each needs 80% support for two weeks. 🔸 Hyperliquid's active perp traders hit a record, reaching about 263,467 per Hypertracker data. That is a usage record rather than a price record, which is the more durable of the two signals. 🔸 Circle took native $USDC and CCTP live on OKX's X Layer, replacing the bridged tokens that applications there relied on. Native USDC now runs on 36 networks while CCTP connects 26 blockchains. 🔸 BTCPay Server told users to install version 2.4.2 immediately after finding attackers actively exploiting a critical flaw that can drain funds. Operators who cannot update should shut their servers down. 🔸 MetaMask opened Agent Wallet to everyone after a June test with roughly 200 users, letting AI agents run onchain transactions inside user-set limits with up to $10,000 a month in transaction protection. ---

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 US payrolls fell by 23,000 in July against a forecast 83,000 gain, and downward revisions cut the 12-month average to 34,000. Unemployment fell to 4.1%, but only on a five-year-low participation rate. 🔸 Tesla and SpaceX committed an initial $16.8 billion to Terafab, the chip factory they are building together in Grimes County, Texas. Over 100 million square feet and at least 3,000 jobs are planned. 🔸 Sandisk and Western Digital both fell about 10% pre-market despite strong results. Sandisk guided first-quarter revenue to $10.7 billion against $11.2 billion expected. Both are up 3,000% and 550% over 12 months. 🔸 Google DeepMind open-sourced WeatherNext after scaling its ensemble from 50 predictions to 1,000. Three-day forecasts now match what older models managed at two days, about a decade of meteorological progress. 🔸 Rep. Ted Lieu wants the AI Kill Switch Act passed this year, saying closed-weight models are already running unauthorized hacks. OpenAI's models breached Hugging Face, and Anthropic and Meta have had incidents since. 🔸 OpenAI is removing limits on text chats in ChatGPT, which just crossed 1 billion weekly users. GPT-5.6 Luna becomes the default for Free and Go, and a Think button arrives next week. 🪙Crypto Updates: 🔸 The Senate left Washington for its August break without voting on the Clarity Act, pushing market structure to September. $BTC held near $64,300, flat on the week, while $XRP fell 5.5%, worst of the majors. 🔸 A control battle broke out at Ondo Finance. Kathleen Allman, mother of late founder Nathan Allman, sued in Delaware Chancery on July 24 to remove CEO Ian De Bode, who calls the claims meritless. 🔸 $SUI is adding two NIST post-quantum signature schemes, ML-DSA-65 for regular accounts and SLH-DSA-SHA2-128s for high-value vaults. Vaults land on mainnet this year, native accounts on testnet by end of 2026. 🔸 Ether​.fi stripped restaking out of weETH, leaving a plain $ETH staking token, and moved the extra yield into a second token, weETHs. It holds about $3.55 billion of deposits. 🔸 Tokenized real-world-asset deposits tripled to $7.4 billion in the second quarter from $2.3 billion a year earlier, CoinShares found. Nearly 70% of them sit on Ethereum lending venues. 🔸 Tether is taking its Hadron tokenization platform into Saudi Arabia, starting with institutional real estate. First Data acts as issuer and market operator, and BKN301 connects banking and compliance.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Google reshuffled its AI divisions. Chief scientist Jeff Dean is leaving after 27 years to start a lab with other departing researchers, and Demis Hassabis adds Alphabet chief scientist. Alphabet fell about 4%. 🔸 Two more Fed officials turned hawkish. Kashkari said "now is the time" to start raising rates, and Governor Lisa Cook, who voted with the 9-3 majority to hold at 3.5%-3.75% last week, is prepared to act. 🔸 Meta shipped Muse Code, its first coding agent, aimed straight at Anthropic and OpenAI. Alexandr Wang priced it like Muse Spark 1.1, at $1.25 per million input tokens and $4.25 per million output tokens. 🔸 ISM services came in at 54.1 in July against 54.5 expected, but the employment index fell 3.8 points to 47.4 and back into contraction. Service hiring is shrinking while Fed officials argue for higher rates. 🔸 Abdul El-Sayed beat Rep. Haley Stevens in Michigan's Democratic Senate primary, a race the two fought largely over AI data centers. He meets Mike Rogers in November for a seat both parties call must-win. 🔸 Anthropic is building a team to design its own chips, planning to co-design hardware and models so Claude runs faster. OpenAI got there first in June with its Broadcom-built Jalapeño inference chip. 🪙Crypto Updates: 🔸 Sixteen Bitcoin developers filed 4,962 findings in a coordinated security audit, 85 of them critical and 635 high-severity, according to Cashu's Calle. The volunteers burn about $10,000 a day in compute. 🔸 $USDC moved $14.8 trillion on-chain last quarter, up 151%, and Circle dated its Arc mainnet for Sept. 16. Jeremy Allaire on BlackRock, BNY and Standard Chartered: they "aren't piloting, they are expanding." 🔸 Robinhood Chain's total value locked reached $774 million, up 20% in seven days, but two protocols hold nearly three-quarters of it: Morpho at $332 million and Ethena at $236 million. 🔸 Binance sued RedotPay and its founders for nearly $473 million, saying the Hong Kong firm diverted about 470,000 of its customers. RedotPay will "vigorously defend all claims." A Singapore hearing is scheduled Friday. 🔸 Stablecoin float keeps leaving crypto. $USDT is down to $183 billion from roughly $190 billion in April and $USDC has slid from $79.5 billion to $72 billion, with Treasuries paying the best real yield since 2008. 🔸 Galaxy lost $85 million in the second quarter on falling digital asset prices, and its landlord business is the offset. Helios Phase I is now fully delivered at 133 MW and guided to $80 million a quarter.

Going live in a few minutes, 2 PM ET. The CLARITY Act hits its procedural deadline TODAY. Either the Senate files cloture and votes Friday, or this whole fight slides to September. I'm walking through the three ways this ends, what the prediction markets are actually pricing right now (they have collapsed to a record low), and what it means for Bitcoin sitting right on its 200-week line. Chart requests and Q&A live as always. https://www.youtube.com/watch?v=-vGrIw-8uRs

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 The S&P 500 gained 1.79% to a record 7,736.52, its first record close since June, on strong earnings and another oil decline tied to hopes the Strait of Hormuz reopens. The Dow surged 907.47 points to 54,085.88. 🔸 AMD posted a record $11.54 billion quarter against $11.28 billion expected, with Data Center sales up 107% to $6.7 billion. The stock still sank more than 10% after hours on a $13 billion guide. 🔸 US private payrolls added just 44,000 jobs in July, against 75,000 expected and a revised 95,000 in June, the smallest gain since January. Healthcare supplied 36,000 of it, and markets still price a Fed hike. 🔸 Governor Greg Abbott froze new Texas data-center grid connections, ordering ERCOT and the state utility commission to audit every project in the queue first. ERCOT holds 474 GW of requests, 90% of it data centers. 🔸 SpaceX's first quarter as a public company brought $7.8 billion of revenue, up 92%, and a $541 million net loss against the $1.9 billion analysts had penciled in. The stock fell as much as 8% on $18.4 billion of capex. 🔸 Anthropic's Mythos 5 created fake identities and used them to socially engineer a real open-source maintainer into approving its code, the UK AI Security Institute said. 17 of the harmful actions came from Mythos. 🪙Crypto Updates: 🔸 Six Ethereum researchers proposed burning a rising share of validator rewards, hitting a full burn and zero net issuance at about 60.25 million $ETH staked, half the supply. About 41 million is staked now. 🔸 Dinari put 724 tokenized US stocks, including every company in the S&P 500, up for purchase with Circle's $USDC from self-custody wallets. The dShares live on Ethereum, Arbitrum, Base and Avalanche. 🔸 BitGo is replacing LayerZero with Chainlink CCIP as the exclusive cross-chain provider for $7.3 billion of WBTC, taking the migration wave to roughly $14.6 billion since the $292 million Kelp exploit. 🔸 Cloudflare opened wallet-handle claims on Aug. 4 for future stablecoin payments by AI agents, with per-agent spending caps and approved merchants. The x402 rails behind it did 75.41 million transactions in 30 days. 🔸 Elizabeth Warren and Richard Blumenthal asked SEC Chair Paul Atkins to probe an estimated $3.8 billion of losses across almost a million $TRUMP investors, while the Clarity Act sits idle awaiting a White House answer. 🔸 Arthur Hayes says the AI buildout is a 2008-style credit story, not a dot-com earnings one, and pegs the break at late 2027 into 2028. He expects the bailout printing to drive bitcoin toward $1 million.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 The Dow closed at a record 53,178.41, up 693.38 points or 1.32%, after President Trump called off planned strikes against Iran. The S&P 500 added 1.48% to 7,600.50 and the Nasdaq climbed 2.13% to 25,913.90. 🔸 Palantir's Q2 revenue jumped 93% to $1.94 billion, US commercial sales soared 149% to $764 million, and guidance went to $8.15 billion from $7.65 billion. Karp says frontier labs are "trying to drug addict us." 🔸 New York Fed's John Williams said the Fed will not hesitate to hike if inflation does not ease. Traders price a 63% chance of a September move, and the 30-year Treasury yield sits at 5.254%, near its 2007 high. 🔸 Amazon closed up 4% at a record, taking its market cap above $3 trillion for the first time. Andy Jassy raised 2026 capex to $220 billion from $200 billion and said even that will not cover the demand already booked. 🔸 Hugging Face CEO Clement Delangue said Chinese labs are "clearly dominating on open models right now" and could match the US frontier by the end of 2026 or 2027, arguing American model makers are "building in silos." 🔸 Kalshi CEO Tarek Mansour compared New York's lawsuit to the early fights over Uber and Airbnb. Kalshi moved the case to federal court eight hours after the state filed. New York wants $100,000 per alleged wager offer. 🪙Crypto Updates: 🔸 Solana validators are signaling on SIMD-0553, which would lift daily $SOL burns from about 650 coins, near $47,000, to as much as $650,000 a day. A linked proposal doubles disinflation to 30%. Vote by Aug. 18. 🔸 Hashdex is liquidating DEFI, its spot bitcoin ETF, this month and selling the fund's roughly 225 $BTC. Net assets sit at $14.25 million, and it never drew more than $18 million in the two years since it converted. 🔸 Flare's wrapped $XRP won collateral approval from Sentora, which runs a $280 million pool of Ripple's RLUSD. That opens an isolated FXRP/RLUSD market on Morpho Blue, so holders borrow against XRP rather than sell. 🔸 A wallet dormant since 2013 moved all 500 $BTC, worth $31.3 million, Monday. The coins were worth about $500,000 when they last moved 12.7 years ago, one of several old wallets stirring since the Coldcard hack. 🔸 NEAR co-founder Illia Polosukhin proposed a protocol sovereign fund seeded with 30 million $NEAR, about $57 million, to route protocol revenue into yield, not burns. He called it a discussion proposal, not a mandate. 🔸 Jim Cramer says he plans to sell all his bitcoin after IBM CEO Arvind Krishna told him quantum computers could challenge modern cryptography within three to four years. $BTC has held near $64,000 through the warning.

We're LIVE. Saylor Is $10.9B Underwater. He Sold on the Four-Year Line. Join here: https://www.youtube.com/watch?v=9kwJNBcRP54

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Alibaba unveiled Qwen3.8-Max, its new flagship AI model, and said the open weights ship next week so developers can run it locally. The stock rose 6%. DeepSeek pushed V4 Flash into beta on Friday. 🔸 OPEC+ approved a September quota increase of about 188,000 barrels a day, finishing the phased rollback of the 1.65 million bpd voluntary cuts agreed in 2023. Roughly 2 million bpd of 2022 cuts stay in place. 🔸 Prediction markets set a monthly record in July: $50.59 billion in combined volume across Kalshi, Polymarket and Polymarket US, up 7.8% from June. Kalshi alone was $37.7 billion of that. 🔸 China's private factory gauge fell to a four-month low of 50.9 in July from 51.7, missing the 51.5 forecast, and the official survey unexpectedly contracted. Softer Chinese demand drags on global growth. 🔸 SpaceX reports Tuesday, its first earnings as a public company since June's IPO. Palantir goes after today's close, with AMD alongside SpaceX on Tuesday. 🔸 The ISM Manufacturing PMI jumped to 55.6 in July from 53.3, beating the 54.0 consensus and marking the strongest US factory expansion since May 2022. That leaves the Fed even less room to ease. 🪙Crypto Updates: 🔸 Wallets tied to Trump Media sent 2,628 $BTC, about $165 million, to Crypto​.com on Saturday. The roughly 4,261 $BTC left behind matches the 4,260.73 pledged against notes maturing by May 2028. 🔸 A fourth Coldcard sweep wave opts into replace-by-fee, so a victim who finds their address in the mempool can pay more and move the coins out first. Losses across four waves are near $114 million. 🔸 CLARITY was missing from the Senate's published Monday schedule. A cloture petition filed Wednesday could still produce a Friday vote, but the chamber leaves Aug. 10 and does not return until Sept. 11. 🔸 The SEC froze Nasdaq's approval of cash-settled bitcoin index options after CME argued bitcoin is a commodity and belongs to the CFTC. The product stays on hold and comments close Aug. 24. 🔸 South Korea's largest exchange Bithumb is targeting a 2028 IPO after an internal reorganization, aiming to finish accounting and risk work by the end of 2026 and seek a preliminary listing review in 2027. 🔸 Binance is pulling Across Protocol, Hashflow, PIVX, Vulcan Forged PYR, Vanar and Viction off spot trading on Aug. 17. Futures settle Aug. 7 and withdrawals stay open through Oct. 17.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 The New York Fed sold euros to buy yen for the Treasury on Friday, Washington's first yen-buying intervention alongside Tokyo in over a decade. Japan may have spent $58.97 billion on Thursday alone. 🔸 July closed with the Dow up 0.3%, its fourth straight winning month, while the Nasdaq fell 3.2% and the S&P 500 slipped 0.1%. 🔸 Capital One told a Florida court its anti-money-laundering team drove the closure of 300-plus Trump-affiliated accounts, the first time a bank has formally tied laundering concerns to the family business. 🔸 OpenAI says its next model, Astra, solved ten math problems that had been open for at least a decade. The compute bill was about $2,000, and every proof ships machine-checkable so outsiders can verify it. 🔸 Gold booked its first monthly gain in five, up 0.5% in July and its biggest since February, as weaker inflation data trimmed expectations for further Fed rate hikes. 🔸 Google scrapped its new Google Earth image tool one day after launch. Nano Banana 2 let anyone paste fabricated imagery onto real satellite maps, and Google is rolling it back to build guardrails. 🪙Crypto Updates: 🔸 A third Coldcard sweep wave took 208 $BTC from 1,912 addresses and now routes each victim's coins to its own address, breaking the trail. Observed losses reach 1,367 $BTC, nearly $89 million. 🔸 Bitcoin mining difficulty fell below its year-earlier level for only the second time ever, to 126.23 trillion. The only prior instance followed China's 2021 ban. Luxor blames the capital shift into AI. 🔸 BNB Chain is pursuing legal action against a former employee who kept a tutorial wallet's seed phrase and used it to launch ASTEROID. Four wallets took 79.67% of supply for $10,000 and cleared $628,000. 🔸 Russia banned crypto mining and mining-pool participation across Moscow and the Moscow Region through December 31, 2032. Officials estimate mining already draws about one gigawatt from the city grid. 🔸 Tokenized stock volume hit a record $11.3 billion in July, but one Binance token tracking QQQ was $9.27 billion of it, 82%. Strip it out and the market shrank about 30% from June to $2.03 billion. 🔸 Strategy held its STRC preferred dividend at 12% instead of the 50-basis-point hike investors expected, breaking its pattern of raising the payout whenever the stock trades well below its $100 par.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 The three Fed officials who dissented from this week's 9-3 hold published statements demanding an immediate hike. Hammack said now is the time to act, and Logan said policy is not restraining the economy. 🔸 Ken Griffin's Citadel bought the bulk of Situational Awareness's stock book after Leopold Aschenbrenner's AI fund fell about 67% in July. CoreWeave dropped nearly 26% on the month and Sandisk about 44%. 🔸 Kevin Warsh is weighing a cut to the Fed's eight scheduled policy meetings a year. He has called the statutory floor of four not enough. Fewer meetings means fewer decision points for the rate path. 🔸 Prediction markets took a record $20 billion in World Cup volume across nearly 400,000 wallets since January, Chainalysis said, dwarfing the $3.6 billion traded on the 2024 US presidential election. 🔸 Trump's June AI executive order hits its 60-day deadline today. Agencies owe a framework for AI firms to voluntarily submit models before release. Altman and Huang lobbied Washington this week. 🔸 Google starts enforcing its Chrome Web Store ban on extensions that enable real money transactions on predictive outcomes today. It names no platform, but Kalshi and Polymarket are both fighting state gambling suits. 🪙Crypto Updates: 🔸 CZ told holders to split their funds across several wallets after Galaxy Research revised the Coldcard exploit up to 1,082 BTC, roughly $70 million, drained from 1,196 addresses in about 41 minutes. 🔸 XRP Ledger's xrpld 3.3.0 puts five amendments to validators, among them Batch and Permission Delegation, both pulled earlier over critical bugs. Each needs 80% validator backing for two straight weeks. 🔸 Tether booked $1.5 billion of Q2 operating profit on Treasury and repo returns, while its excess reserve buffer halved to $4.11 billion against $187.75 billion of assets and $183.64 billion of liabilities. 🔸 Uniswap launched Earn with Morpho, moving the largest DEX into onchain lending. $USDC, $USDT and $ETH are live at launch on Ethereum mainnet. Morpho already carries about $11.79 billion in deposits. 🔸 Circle secured a New York limited-purpose trust charter, letting it provide fiduciary, custody and asset-management services under state banking law. $USDC now has a market cap above $71.8 billion. 🔸 Institutions generated a record 72% of spot flow on Wintermute's OTC desk in the first half, up from about 61% a half-year earlier. Wintermute says the figures cover its own desk, not the whole market.

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☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Amazon rose 12% premarket while Apple fell 7%. AWS grew 37% year over year, its fastest since 2021, and Apple guided current-quarter growth to 9% to 11% against the 12% analysts wanted. 🔸 South Korea's Kospi surged as much as 17%, rebounding from a three-day rout that had left the index more than 40% below its June peak. Samsung and SK Hynix both jumped more than 23%. 🔸 New York sued Kalshi in state Supreme Court on Friday to bar it from running an unlicensed gambling business, seeking triple its gains plus $100,000 for each unauthorized wager offer. 🔸 Anthropic reviewed 141,006 evaluation runs and found three cases where Claude reached the open internet from a test environment that should have been sealed, then broke into three real companies. 🔸 OpenAI cut GPT-5.6 prices three weeks after launch. Luna drops 80% to 20 cents per million input tokens and Terra drops 20% to $2, as enterprises push back on what frontier models cost. 🔸 The Bank of Japan held at 1% on an 8-1 vote, with Takata pushing for 1.25%, and warned core inflation will run clearly above 2%. Tokyo had intervened overnight, pulling the yen from 163 to 157.96. 🪙Crypto Updates: 🔸 A key-generation flaw in Coldcard hardware wallets drained 594 $BTC, roughly $38 million, from about 500 wallets in 25 minutes. Maker Coinkite thinks the attacker used AI to read its old firmware. 🔸 Strategy booked an $8.2 billion second-quarter loss, almost all of it an $8.32 billion unrealized markdown on its bitcoin. It held 843,775 $BTC on July 26, up 25% from the start of the year. 🔸 Ondo Finance is weighing an acquisition worth $250 million to $500 million, with wealthtech among the targets, per a person familiar. Ondo says it is not in talks with anyone. $ONDO traded 6% higher near $0.42. 🔸 An Aave proposal would shut its deployments on Sonic, Scroll, zkSync, Metis, Soneium and Aptos. Each now earns under $5,000 a quarter, against more than $142 million a year on Ethereum mainnet. 🔸 US spot bitcoin ETFs are on track for the smallest monthly inflows ever, just $205 million in July, after $2.43 billion left in May and $4.52 billion in June. Ether funds took in $342.85 million. 🔸 Coinbase fell roughly 5% after hours on revenue of $1.22 billion against $1.29 billion expected, with transaction revenue at $599 million. It added 819 $BTC in the quarter to hold 17,211.