New Jersey just signed the Power NJ Act, launching a competitive procurement process for at least 1,100 megawatts of new nuclear generation. Governor Sherrill signed it today with unanimous bipartisan support from both chambers of the Legislature. This is the same state that lifted a 50-year moratorium on new nuclear development just three months ago in April. In six months in office, Sherrill has gone from freezing rate hikes on day one to actively procuring new nuclear plants. The bill has real ratepayer protections built in. No costs passed to consumers until a plant is built and delivering electricity. Projects must secure federal financing, shifting construction risk away from ratepayers. Every project has to demonstrate a net benefit. That matters because the last major US nuclear build, the two reactors at Plant Vogtle in Georgia, came in seven years late and more than doubled its original budget to over $35 billion. Nuclear already provides over 40% of New Jersey's total energy. These plants run at 90-95% capacity. Nothing else comes close to that combination of reliability and density. The backdrop here is AI-driven electricity demand. New Jersey also just rolled out what it calls the most comprehensive data center plan in the nation. The energy demands of the next decade require baseload power that solar and wind simply cannot provide at scale without nuclear filling the gap.

"El-Erian frames everything Bessent laid out as permanent and systemic, not ad hoc. For this headline to be in the Times, there's some ideological pump priming going on." - @JOHN ARNOLD

The guy your dad warned you about meeting the guy your other dad warned you about.

"What's interesting about both Strategy and Strive is they have dollar reserves that can hold them over from a dividend perspective without having to sell the Bitcoin. That should give folks more comfort." - (APompliano) on CNBC

"The charts are not looking great. You didn't get the same retrenchment anywhere close to pre-war levels and now we're back up moving much more meaningfully toward recent highs." - @JOHN ARNOLD

"The ceasefire is dead, and there's no off ramp until one side blinks. The incentives on both sides are to keep this going and now Trump wants to be paid to guard the strait." - @JOHN ARNOLD We discuss: ⚡ 3 ships hit in 24 hours ⚡ The MOU is over ⚡ Nobody wants it to end

Former OpenAI researcher (DKokotajlo) on what happens when your AI timelines collapse. "I used to be known as a pretty chipper and optimistic person." Then GPT-3 hit and he realized super intelligence was plausibly coming by end of decade.

"People believe what they need to believe in order to think that they're good people and that they need to keep doing what they're doing." (DKokotajlo) on whether AI CEOs think there's a chance of extinction.

OpenAI's exit paperwork said (DKokotajlo) couldn't criticize the company or tell anyone about the clause. He refused to sign, nearly lost 80% of his net worth. Sam Altman said he was "embarrassed he didn't know."

A Russian statesman in the 1890s observed that when you de-Christianize the state, you don't get liberty. You get another cult that runs the state. "I've noticed that too." - Tucker Carlson

"Very wealthy families about a hundred years ago were able to buy off many of the mainline Protestant denominations and turn them into effectually NGOs." (JayDyer) on how the Rockefellers invested in the World Council of Churches to make Christianity a form of soft power.

.(JayDyer) cites the Rothschild biography on wiring a million rubles to Lenin to make Russian Christians "pay for what they did for many centuries." "No one's paid more dearly." - Tucker Carlson

Why Byzantium was the most successful empire in history, how it flourished on sound money, and fell when they started clipping the gold. "If your civilization is logo-centric, you're aligned with what's true. You're just going to prosper." - (JayDyer) on Tucker Carlson

Waking up (Bitcoinbeach) in El Salvador.

Strategy CEO Phong Le launches the Bitcoin Bank Adoption Index, showing major banks and institutions have reached 32% adoption of Bitcoin and digital assets. Fidelity leads at 71%, with JPMorgan, Goldman Sachs and others in the 40s.

Side-by-side test pits Muse Spark 1.1, Fable 5, GPT 5.6 Sol Pro, and Grok 4.5 against each other in generating 3D environments.

The OMFIF just surveyed 90 official institutions for their 2026 Global Public Investor report. 74 central banks and 16 sovereign wealth funds managing over $10 trillion in assets. The US dollar is the only currency where more reserve managers plan to cut exposure than increase it over the next 12-24 months. Every other currency on the chart is net positive. Euro, renminbi, sterling, Aussie dollar, yen, Swiss franc, Canadian dollar. All green. The dollar is the lone red bar. This is the first time on record that a major survey of public investors has shown more central banks planning to reduce dollar allocations than add to them. Meanwhile, 74% of respondents expect moderate or significantly lower US dollar holdings in global reserves over the next 5 years. A record 45% plan to add gold. The institutions that literally create fiat currency are telling you they don't want to hold the world's reserve fiat currency. They're rotating into gold, into euros, into renminbi, into anything that isn't tied to a $36 trillion debt pile with no credible plan to shrink it. The managers of sovereign wealth are positioning for a world where the dollar's dominance erodes steadily. That's not a prediction. It's a survey of the people making the actual allocation decisions.

Cashu launches public beta of Cashu Me native wallet for iOS and Android with NFC tap-to-pay and Bitcoin support.

Adam Back on Bitcoin's quantum resistance: "There are solutions. We implemented it in liquid. Yesterday one of our researchers implemented it in the hardware wallet. It's more of a perception than a reality."

"Bitcoin is the hurdle rate. It's outperformed other asset classes over the long duration. If it converges to be savings technology that can preserve your spending power, that's actually quite useful." - Adam Back