.@Wicked shows that anyone who has consistently dollar-cost averaged Bitcoin is now in profit, regardless of when they started.

$50B AUM Calamos Investments on CNBC: "It's not are you in Bitcoin, it's how much are you allocated... even the big sovereign wealth funds." The biggest banks went from not wanting to participate to fully in and lending against it.

The US is projected to spend 4.3% of GDP on debt interest payments by 2027, among the highest in the developed world. Japan, despite the largest debt-to-GDP ratio, pays just 0.9%. America's debt problem isn't just how much it owes. It's what it costs to carry.

Web traffic to the top 100 US news sites has fallen 28% in two years. Down from ~66 million monthly visits to 47.6 million. The legacy media business model was already on life support. Advertising revenue was cratering. Subscriptions were plateauing. Now the audience is physically leaving. People aren't consuming less information. They're getting it from podcasts, newsletters, group chats, and social feeds run by individuals they actually trust. The institutional brand means less every year. The news industry spent two decades trading credibility for clicks. Now they're losing both. Data: Similarweb via Axios

The ECB and all 27 EU central banks want to scrap MiCA's rule requiring major stablecoin issuers to hold 60% of reserves in bank deposits. Their reasoning? Stablecoin flows are too volatile and could expose banks to sudden deposit withdrawals. The central banks aren't worried about protecting stablecoin holders. They're worried about protecting banks FROM stablecoin holders. The proposed fix: issuers hold reserves in "highly liquid assets" maturing in 1 to 5 days instead of parking them at banks. Translation: stablecoins got big enough that their deposit requirements became a systemic risk to the very banking system they were forced to integrate with. The regulated structure created the fragility. This is what happens when you try to shoehorn new money into old pipes.

Full Sec Scott Bessent interview on Jacqueline Corba today.

If AI companies really think they're going to destroy humanity, why don't they just stop? Big AI wants regulation for the same reason Amazon wanted sales taxes. Gary Brode explains why AI safety talk is really about killing competition.

The policies sold as fixing wealth inequality are the ones causing it. If you own a home, Bitcoin, or gold, inflation is making you richer. Everyone else is paying for it. Gary Brode explains the economic illiteracy behind today's policy debate.

Someone tell bitcoin it's not mainstream yet.

China is rapidly scaling its AI infrastructure as global data center capex projections nearly double since January 2026, now expected to top $3 trillion by 2030.

xAI just dropped Grok 4.7.

Christine Lagarde personally blocked Binance from operating in the EU, per the WSJ. Binance was on the cusp of getting licensed under MiCA, the EU's crypto regulatory framework, when Lagarde stepped in and killed it. She wanted "the controversial crypto exchange" kept out entirely. The stated reason? Binance pleaded guilty to AML violations in the US and paid a $4.3B fine. But the real tell is buried deeper in the report: Lagarde was worried Binance would embed dollar-denominated stablecoin dominance across Europe instead of encouraging euro alternatives. The head of the ECB isn't protecting consumers. She's protecting the euro's market share. This is the same woman who called bitcoin "a highly speculative asset used for money laundering" in 2021. The same one who swears central banks will never hold bitcoin. The same one who launched "Pontes" today, a platform to settle tokenized assets in central bank money, while pushing a consumer-facing digital euro by 2027. The pattern is clear: ban the competition, build the surveillance tool, call it innovation. Lagarde doesn't fear crypto crime. She fears losing monetary control. A world where Europeans freely trade dollar stablecoins on Binance is a world where the ECB becomes irrelevant. So she's kicking out the exchange and fast-tracking a programmable euro she controls. Binance withdrew its MiCA application in Greece in June and says it's pursuing authorization in another EU member state. But the message to every crypto company is loud: you're welcome in Europe only if you serve Europe's central bank agenda. The US banned CBDCs by executive order. Europe is sprinting to build one while locking out the alternatives. Two very different visions for the future of money playing out in real time.

Chinese Vice Premier He Lifeng arrives at JPMorgan HQ in NYC to meet Treasury Secretary Bessent and Trade Rep Greer. Trade, AI, and critical minerals top the agenda ahead of Xi's first US visit since 2023.

Saudi Arabia leaving mBridge is getting a lot of attention today. Meanwhile, CIPS transaction volume just hit ~50 trillion CNY and the trend line doesn't care about headlines. Every "this will stop de-dollarization" moment, Iran kicked from SWIFT, Russian sanctions, chip export bans, trade wars, has been followed by acceleration, not reversal. The plumbing is being built whether we pay attention or not.

Chinese state media is spreading fear about US data centers while celebrating AI wins at home. 80% of Chinese citizens are optimistic about AI. Only 17% of Americans are. (SamLyman33) explains why China wants Americans to hate AI.

The anti-data center crowd claims to stand up for the working class. The unions disagree. (SamLyman33) explains why 40+ labor groups are fighting against data center regulations.

Alaska pays its residents to live there. Rural counties could be next. (SamLyman33) explains why AI infrastructure is the new oil fund.

Greg Brockman claims OpenAI’s Astra model has reached a threshold that “is pretty reasonable to call it AGI.”

TFTC 793 w/ (SamLyman33): "The same Chinese state media sowing fear about data centers here is celebrating AI milestones back in China. It's the coup of the year." We discuss: ⚡ China's anti-AI psyop ⚡ The $278M money trail ⚡ Data center dividends

VanEck's Matthew Sigel: "We track the number of countries that are mining or holding bitcoin at the sovereign level and that goes up every year."