I can already smell the xAI engineer hardcore all-nighters from here. Compute Summer ahead [QT @FirstSquawk: SPACEX: IF CO CAN'T DELIVER GPUS BY SEPT, GOOGLE CAN END DEAL]
This seems like a solidly smart policy document. Congratulations to all involved! [QT @mkratsios47: Today, @POTUS signed a National Security Presidential Memorandum on AI in the national security enterprise. The men and women who defend our nation deserve the best, most secure, and most reliable AI in the world, and our citizens deserve to know it is handled responsibly]
Anthropic: ALL YOUR JOBS AND HOBBIES ARE BELONG TO US. BOW DOWN TO ALMIGHTY CLAUDE AND US IN THE PRIESTLY CLASS. Next thing you know: 'Why are people looking to confiscate half our company 😩😭' [QT @Polymarket: JUST IN: Anthropic co-founder Jack Clark reportedly warned new recruits to 'get hobbies that aren't computers,' saying the company is building a 'superhuman coder with nation-state hacking capabilities.']
Ash Ashutosh from @pinecone describes why agentic traffic surpassing human traffic was never a surprise: 'Wherever there were humans, they've been now completely subsumed by agents that they've gone off and asked to go perform tasks for them.' 'We suddenly have this entire data' [QT @MTSlive: SITUATION DETECTED: For the first time in internet history, agentic traffic has surpassed human traffic online, per Cloudflare Radar.]
The infected animal is about 5.6 miles away from the first confirmed case earlier this week, which marked the first time the pest had been detected in the US in nearly a decade.
The federally mandated requirements won't affect all Medicaid recipients, but millions of enrollees in 43 states, including Washington, D.C., must now prove they're working, volunteering or going to school for at least 80 hours a month or risk losing their benefits at the start
US petroleum stockpiles are draining at a rapid pace: Total US crude and petroleum product inventories fell -10.6 million barrels last week, to 1.57 billion barrels, the lowest since 2004, according to the EIA. This was driven by commercial and government crude stocks
The share of US small businesses planning new hires or trying to fill jobs fell to a six-year low in May, per the National Federation of Independent Business.
The jobs report was a barnburner. Nonfarm payrolls increased by 172,000 versus expectations for 88,000, while prior months were revised higher by 93,000. Wage growth came in at roughly 0.3%. Yet the market sold off. In our view, the market is misreading the signal.
Indonesia's finance and central bank officials said they will step up efforts to stabilize the currency and attract inflows after a week where the nation's stocks tumbled at the fastest pace worldwide and its currency sank to all-time lows
Canton Network日均链费达200万美元，30日收入在全协议排名第三；Broadridge当前每日在Canton上结算3480亿美元回购交易；DTCC计划下月正式进入生产阶段，当前市值58亿美元，流通量5.17亿代币。
Canton Network: $2M/day chain fees; #3 by 30-day protocol revenue; Broadridge $348B/day repo settlement on Canton; DTCC production next month; $5.8B market cap; $19.5M daily volume; 0.34% turnover; 517M tokens
Canton Network已成为机构级金融基础设施的核心链上平台，Broadridge每日3480亿美元的回购结算量已远超绝大多数加密协议的实际业务规模；DTCC下月入产标志着全球最大证券结算机构对链上基础设施的正式采用，是机构级区块链进入实质落地阶段的最重要里程碑之一，与同期公开市场BTC价格暴跌形成鲜明对照。
canton network generates $2m/day in chain fees, ranked 3rd across all protocols by 30-day revenue. daily trading volume is $19.5m on a $5.8b market cap. 0.34% turnover. broadridge settles $348b/day in repo on canton right now. DTCC enters production next month. 517m tokens
Austria lost its last top credit score from a major assessor because of persistently high budget deficits, ending a decades-long streak as one of Europe's best-rated issuers
Ebola cases in Congo jumped by 71 in a day and another 21 deaths were recorded as health workers expanded testing, pointing to an epidemic that may be much bigger than previously understood
Iran Deputy FM Gharibabadi; IAEA oversight loss at nuclear sites attributed to US + Israeli military strikes; IAEA accused of fostering 'ambiguity'; demand IAEA avoid politicizing technical reports
Interesting. [QT @victormustar: Before the week ends, let's acknowledge one of the most INSANE week ever for open AI, with 25+ notable open-weight drops across every modality: 🧠 LLMs → NVIDIA Nemotron 3 Ultra: 550B hybrid Mamba-MoE, only 55B active, 1M context, MMLU 89.1. NVFP4 variant claims ~5x throughput]
Japan's digital minister wants AI developers to use citizens' medical and criminal records, without individual consent. His pitch for skipping consent: do it, or Japan becomes an "AI colony."
The US and Iran have been locked in a stalemate since agreeing to a ceasefire in April. Here are some of the key hurdles to a lasting, comprehensive peace deal
Donald Trump told reporters that his team might buy US stakes in artificial-intelligence companies and said he would host a meeting with AI executives as soon as next week
IDF preliminary probe: 2 Lebanese army officers + 1 soldier killed; concrete Hezbollah fire warning received beforehand; under investigation; Tebnit area, south Lebanon
Earlier today, the IDF identified a vehicle moving suspiciously toward IDF soldiers near the area of Tebnit in Lebanon. The vehicle was traveling through an active combat zone that had been evacuated. The IDF had received concrete indications that Hezbollah would direct fire
The 2-year real interest rate has now climbed to its highest level since the Trump administration took office. At the same time, we are living through the deepest and longest drawdown in the history of the Bloomberg US Aggregate Bond Index. We are moving in the wrong direction
Markets broke down hard on Friday. The S&P was down over -2.5% & the NASDAQ down nearly -5%. @LanceRoberts has been warning for weeks that a pullback was likely. Now that it appears to be here, how low could things go?
KOREA JUST DOUBLED THE COST OF BUYING SAMSUNG? Hearing Samsung long swap financing went from ~300bp Thurs to ~600bp friday If true, that's wild (when was last time this happened?!) synthetic long exposure suddenly got much more expensive when banks double the cost of owning a
Trump 'profanity-filled call' with Netanyahu; Tom Nides (fmr US Ambassador to Israel) on-record; Trump goal: 'war to end'; Netanyahu seen as 'impeding' that goal
"President Trump's goal is simple: he wants the war to end. And when he feels that what the Prime Minister is doing impedes that, he obviously gets quite frustrated" says Tom Nides, former US Ambassador to Israel, after the President's profanity-filled call with Israeli Prime
hedge funds sold 31,400 BTC through spot ETFs in Q1 and cut another 39% in Q2. brokers dumped 53% of positions. looks like conviction selling until you realize most of these were basis trade unwinds, not directional exits. they were long ETF short futures harvesting funding
The US government is becoming increasingly dependent on private investors to finance its growing debt burden: Privately held US Treasury debt maturing within 1 year is up to a record $8.3 trillion. This figure has DOUBLED over the last 5 years, reflecting the government's [reliance on short-term financing]
Iran fired ballistic missiles and drones toward Bahrain and Kuwait that were intercepted early Saturday, Bahrain's government said, and called on Tehran to halt attacks on Gulf neighbors that test a fragile ceasefire in the Middle East conflict.
Stack Overflow has seen the number of monthly questions on its platform collapse from 300k to ~0 since launch of ChatGPT. Meanwhile, annual revenue is actually up 2x during that span to more than $115m. How? It has licensed its back-catalog of human answers to AI labs.
hyperliquid ZEC perp volume spiked 12-13x on may 26th. zero public catalyst. three days later the orchard vulnerability gets disclosed. ZEC crashes from $680 to $250, $117m in liquidations. one whale on hyperliquid has $100m+ in cumulative profits from shorting ZEC across
I don't get how so many professionals can miss the fact that the report itself does not say almost every industry is hiring again. It says the May gains were heavily concentrated in leisure and hospitality, local government, and health care, while financial activities declined
Raizen; out-of-court restructuring agreement; majority of creditors; Brazilian sugar-ethanol producer
Raizen reached an out-of-court restructuring agreement with the majority of its creditors, marking a key step in the Brazilian sugar-and-ethanol producer's efforts to rework its debt, according to sources
A group of U.S. states, including California and New York, is reportedly preparing a lawsuit to block Paramount Skydance's $110 billion acquisition of Warner Bros, per Reuters
$300M fraud indictment dropped; Prophecy Asset Management; Brian Kahn; Franchise Group founder
US prosecutors dropped a $300 million fraud indictment against a former executive at Prophecy Asset Management accused of working with Brian Kahn, the disgraced founder of Franchise Group, to cheat investors in their hedge fund
North Korean leader Kim Jong Un said the country's navy must be developed into a force capable of taking charge of part of its nuclear war deterrent plans, KCNA reported Saturday
There's little evidence in the Labor Department's monthly jobs report on Friday that either artificial intelligence or the oil shock from the war in Iran is causing the unemployment that many have prophesied.
Many of America's worst policy mistakes have been bipartisan mind melds. A new example comes this week from Bernie Sanders, who wants the feds to take ownership stakes in AI companies.
Curiously enough I did office hours today with a startup that cuts companies' LLM token costs by optimizing requests. They can cut costs by about half, which they split with the customer. So the TAM is a quarter of the model companies' corporate revenue. That's a big TAM!
Turning to credit cards to get by? "Growth of consumer credit picked up in the first quarter to a 2.6% annualized rate, up from 2.1% in the fourth quarter. The increase was driven by 3.8% & 2.1% increases in outstanding revolving & nonrevolving credit, respectively." @SPGlobal
Thailand's Revenue Department said it may pursue bankruptcy proceedings against former Prime Minister Thaksin Shinawatra if it is unable to fully recover 17.6 billion baht ($538 million) in outstanding tax liabilities
It's official. Game 3 of the NBA Finals between the New York Knicks and San Antonio Spurs is now the most expensive NBA game in history. The cheapest ticket available? $10,622 per seat. This game will shatter every previous record by a mile.
Hong Kong has implemented guidelines for banks similar to the new regulatory requirements for brokers on managing mainland Chinese customers' accounts, the Hong Kong Monetary Authority said
Workers at SoFi Stadium near Los Angeles on Friday voted in favor of a strike for higher wages, a week before the venue is scheduled to host the US soccer team's first World Cup match
HIVE Digital Technologies more than doubled its revenue in fiscal 2026, driven by a four-fold jump in Bitcoin mining capacity and a fast-growing AI infrastructure business.
Switzerland's struggle to keep its military staffed at a time of global geopolitical tensions is about to play out with a national vote on the terms of conscription
The Philippine anti-graft court dismissed the remaining claims in a civil case seeking to recover assets allegedly acquired by the late former President Ferdinand Marcos and his family
Interesting. [QT @TheAliceSmith: The Labour Party wants to ban social media for under-16s in the UK. The Labour Party wants to lower the voting age to 16 in the UK. Why? The Labour Party wants voters to have no access to information beyond state education before they vote.]
"You can't be a billionaire in Russia and be independent from the Russian state." Russian-Armenian tycoon Samvel Karapetyan is seeking power in Sunday's vote in Armenia. I met him at his hilltop mansion in Yerevan — where he is under house arrest.
Bluesky's chief operating officer told CNBC that it doesn't aim to be like Threads or X. The social network sees its future in individual community-driven spaces rather than a "public square."
The EU is developing plans to cut taxes on renewable energy and make electricity systems more flexible as high costs continue to weigh on the region's economy
Paramount is prepared — if necessary — to divest some children's TV network assets to help win EU approval of its $110 billion bid for Warner Bros. Discovery Inc.
OKX BTC perp funding hit -453% annualized. shorts bleeding 1.3% per day in funding alone. binance funding on the same pairs is -0.05% to -0.15%. that's a 10x divergence across venues on the same asset. 473% annualized arb sitting there uncollected. when free money isn't getting
This year's World Cup has more teams and more host nations than any previous World Cup. It's also going to make FIFA billions of dollars, but complications including dynamic ticket pricing and mounting costs are leaving ordinary fans priced out and host cities under financial
Altman offered OpenAI shares. Sanders wants to seize 50%. The government would own a piece of the AI companies it also regulates. Nobody has explained how a $850B company hands equity to the state.
Déjà vu time for the Yen??? On Sept 22, 1985 (weekend) the global Central Bankers intervened in FX markets via Plaza Accord to dampen $USD strength On Sept 20 Jen futures closed at $.0042 The Japanese Central Bank was most aggressive selling billions of dollars Shorts were
The strongest earnings season in years is coming to a close, and the Wall Street analysts who focus on individual companies have rarely been this bullish
German Chancellor Friedrich Merz warned of a major shakeup in two key eastern state elections in September where the Alternative for Germany leads in the polls, urging the political center to work together to counter the far-right party
Until someone is willing to drive vol even lower than it was on Thursday, it will be difficult for price to stabilize much less recover. The property of market volatility: Low realized vol + large total increase in price = Large future realized volatility. If the move up in price was fundamental the move would be volatile as people scrambled to capture it before anyone else could.
pendle's USDe fixed-rate markets are mispricing the ethena collateral restructuring. current PT yields on sUSDe pools price in 4.8-5.2% base yield. ethena is shifting backing into AAA CLOs yielding 6.9% with coinbase distribution to 100m users launching june 9th. if base sUSDe
BREAKING: Global central banks acquired +17 tonnes of gold in April, the 2nd monthly purchase this year. This marks a sharp reversal from March, when central banks sold -30 tonnes of gold driven by Turkey and Russia. Poland led purchases at +14 tonnes, bringing its year-to-date
The Gemini Pro models do not seem to be iterating anywhere near as quickly as Claude or GPT (last release was 3.1 Pro in February). Its causing a growing performance gap between Google and the other two labs, and the Gemini 3.5 Flash model, good as it is, doesn't close it much.
Bank of England Governor Andrew Bailey; AI ceiling = electricity supply, not intelligence; health breakthroughs vs Ukraine military drones as competing use cases
The Bank of England just named what limits AI: electricity. Andrew Bailey says AI will soon do more than we can power, forcing a choice between health breakthroughs and drones for Ukraine. The ceiling isn't intelligence anymore.
FIFA Chief Football Officer Jill Ellis sits down with @AROD to project a $500 million revenue increase for the 2027 Women's World Cup—bringing total revenue to $1 billion. On this episode of The Deal, Ellis breaks down how global broadcast rights are driving these surging
Exercise Regional Cooperation 26; Mongolian Air Force; Maj. Enkhtuvshin Namjildorj; M4 familiarization training
Maj. Enkhtuvshin Namjildorj from the Mongolian Air Force talks about M4 familiarization training during Exercise Regional Cooperation 26. U.S. forces and our partners are stronger when we train and operate together.
Ousmane Sonko was reelected president of Senegal's majority Pastef party on Saturday, cementing his position as the dominant figure within the country's governing movement at a time of escalating tensions with rival President Bassirou Diomaye Faye.
not a power law paradox but it is a CHART CRIME. I mean yea… MLB players are more likely to become all stars than high school players. the real analysis should have been … 'from the moment of initial investment, what is the probability that a company reaches 10x from that'
Perfect spot for a technical bottom (WMA200) on Bitcoin but equities can drop another 10% and still be in ultra bullish HTF territory. The key risk now therefore on Bitcoin is that equities drag us lower, unless you believe Bitcoin will decouple, which is unlikely.