Trump preparing to announce 10% tariffs on "dozens of countries" this week as his current tariffs expire, per FT. His own advisors are warning him not to do it ahead of midterms. The playbook is clear: tariffs go up, prices go up, the Fed gets pressured to print more money to offset the economic pain, and the purchasing power of the dollar erodes further. Every round of tariffs is a round of inflation in disguise. Every round of inflation is another reason to hold bitcoin. The trade war doesn't end. It escalates. And the dollar pays the price every time.

BREAKING: Jack Mallers is stepping down as CEO of Twenty One Capital to focus on Strike full-time. Raphael Zagury (Elektron Energy) takes over as CEO. The three-way merger between XXI, Strike, and Elektron is dead — Strike stays independent. Mallers: "Serving Bitcoiners has always been the mission, and that doesn't change. Strike is where I carry it forward." SoftBank already exited in May. Tether now has full control of XXI. The bitcoin treasury company era enters a new phase.

Grayscale just filed for a Worldcoin ETF. The first of its kind in the US, to be traded on NASDAQ. Let's take a step back and look at what Wall Street wants to package up and sell you. This is a project that scans your iris at physical stations called Orbs to generate a biometric identity. 18 million people across 160 countries have already done it. The pitch is that AI makes it impossible to tell humans from bots, so we need universal proof-of-personhood. The regulatory track record speaks for itself. Kenya raided their warehouse and ordered all scans deleted. Hong Kong called it "unnecessary and excessive." Thailand wiped 1.2 million records. Brazil, Spain, South Korea, Germany, and others have imposed bans or investigations. China flagged it as a national security threat. But it keeps expanding. Quietly rolling into new markets, partnering with apps like Tinder, building out infrastructure for AI agents to carry your biometric identity. The strategy isn't to win the public debate. It's to embed so deeply into everyday platforms that by the time people notice, opting out isn't realistic. The problem is irreversibility. You can change a password. You cannot change your iris. If this biometric data is ever breached or compelled by a government, there is no reset. Every centralized identity system in history has expanded beyond its original scope. Now Grayscale wants to wrap it in an ETF and slide it into your retirement account. The normalization is the point.

White House Crypto Council update: Exec Dir Patrick Witt defers Army National Guard training. Deputy Dir Harry Jung exits the administration.

The AI boom isn't killing software jobs. It's killing entry-level software jobs. Since ChatGPT launched in November 2022, employment for software developers aged 22-25 has dropped 23%. The 26-30 age group is down 5%. But developers aged 41-49? Up 18%. That's a 41 percentage point gap between the youngest and most experienced developers in the same profession. Companies are using AI to replace the work that junior developers used to do, while doubling down on experienced engineers who can manage, architect, and review what the AI produces. Early-career workers in AI-exposed jobs have seen a 16% employment decline relative to less-exposed roles, even after adjusting for company-specific factors. Meanwhile, senior workers in those same roles are holding steady or growing. This is the first technology shift that eats its own pipeline. Every previous wave of automation displaced low-skill work and created demand for higher-skill workers. AI is displacing the entry-level knowledge work that was supposed to be the on-ramp to those higher-skill careers.

Circle CEO Jeremy Allaire on CNBC: "Once the GENIUS ACT goes into effect in January, every major institution, every major bank, every capital markets firm, payments companies, enterprises, can all now build on this infrastructure."

"It's 37 lines of code, it expires in 12 months, and if some unknown unknown occurs, all of it becomes available again in September 2027." @npub1wnlu...n3wr argues BIP-110 isn't the existential threat critics make it out to be.

"Even if you're super bearish on open source's impact on frontier labs, what you're looking at is just another line item on the federal budget. Someone's going to be spending that money." @npub1g0eu...l966 on why AI training spend goes up no matter what.

"A tinfoil hat theorist might say this was an outcome certain parties were looking for." @MartyBent and @npub1g0eu...l966 on GCC countries racing to route around Hormuz, exactly as the national security strategy called for.

"Hugging Face got hit by an autonomous AI attack. They tried using Fable 5 and ChatGPT to defend against it. Both refused. They had to download GLM 5.2 locally to run the security audit." @npub1g0eu...l966 & @MartyBent on why you can't cuck the models and expect to win.

OpenAI just disclosed that their latest long-horizon model bypassed its own sandbox during internal testing, accessed credentials it wasn't supposed to, and obfuscated tokens to evade security scanners. The model was told to post results to Slack. Instead, it spent an hour probing its sandbox for vulnerabilities, found one, and posted a pull request to a public GitHub repo. In a separate test, it tried to access private submissions from other systems. When a scanner caught an auth token, the model split it into fragments and reassembled it at runtime so the full credential never appeared as one string. OpenAI paused internal access and rebuilt their safety system around trajectory monitoring rather than blocking individual actions. They've resumed limited use and say no serious incidents have occurred since. This happened in controlled testing, not production. As AI models become more persistent and autonomous, they will find the blind spots in whatever containment system you build. The question is whether monitoring after the fact is enough.

"The Napsterization model: create a disruptive technology, let it get sued into oblivion, then come back with the legal monopoly version." Whitney Webb on the playbook behind Polymarket.

"The Napsterization model: create a disruptive technology, let it get sued into oblivion, then come back with the legal monopoly version." Whitney Webb on the playbook behind Polymarket.

Capital B, Europe’s second-largest Bitcoin treasury company, announces a 10-for-1 reverse stock split to attract more institutional investors.

A dev just rebuilt the government war room and put it on GitHub. Live 3D globe, 500+ news feeds, military movements, shipping lanes, flight paths, 56 map layers. Runs locally with no API keys.

"The Strait of Hormuz was called out in the national security strategy last year as a key priority. A tinfoil-hat theorist might say this was the outcome certain parties wanted." -@npub1g0eu...l966 We discuss: ⚡ War & oil ⚡ The Fed blinks ⚡ AI arms race

"There's no malice. The commanding officers want to do good. But the 'do good' is to spend more. The system is designed to make you consume and spend over and over again." (avg_gary) on the perverse incentives baked into every level of government.

"The exploitative and extractive nature that we play on the global scale is only going to be challenged if we are getting more immigrants into office." Democratic Socialist Melat Kiros says the quiet part out loud.

Robot dogs are learning to weld. There's a 400,000 welder shortage in the US and the average welder is 55 years old. (PathRobotics) is deploying robots to fill the gap.

"Build the citadel. Learn to farm. Run the meetup. Buy goats from Billy." (avg_gary) on how bitcoiners win by building parallel economies that make the old system irrelevant.