Google Brain founder Andrew Ng: "Prompting will die in 7 months. Harnesses are what's replacing it."

Alex Thorn posts video breaking down the Coldcard seed-entropy exploit.

Apollo's chief economist is warning that AI agents could trigger a bank run by sweeping household cash from low-yield checking accounts into higher-yield alternatives all at once. Draining the cheap deposits banks depend on for lending. But the bigger idea in this thread goes further. Agents don't need to communicate to act in unison. They just need to be smart enough to see the same narrow optimal path. Human laws assume coordination requires communication. Acausal coordination breaks that assumption completely.

M2 across the US, eurozone, Japan and China rose $1 trillion in August to a record $103.66 trillion. That's 10 straight monthly increases and $36 trillion added since 2020.

Chamath breaking down Obama's anti-AI speech as pure political calculus. "It's not about safety. It's about who controls the $10 trillion." "Follow the money." "Obama doesn't want to stop AI. He wants to make sure the right people control it."

AI + 1.8 TB of bitcoin data + a 10-line prompt = a 3-minute documentary on bitcoin's history. Alex Thorn let it cook.

$3,322 for one month of power and water in LA. This is what debasement looks like.

New SEC staff guidance: once a crypto network is functional, maintaining or improving it doesn't constitute "essential managerial efforts" under Howey. Token buybacks and staking receipt tokens on live networks can fall outside securities law. h/t Eleanor Terrett

Strategy is moving to daily dividends on $STRF, $STRC, $STRK, and $STRD.

Anthropic's seven co-founders own ~14% of the company but want 50.1% of the shareholder vote through special shares. A "Long-Term Benefit Trust" with zero equity can elect a majority of the board. Google, Meta, and Snap founders had dual-class control too, but they owned 28-36% at IPO. This is a different animal. h/t Matthew Sigel

The 30-year Treasury yield closed at 5.47%, the highest since 2004. It closed under 1% in 2020.

Japan's 30-year bond yield briefly hit 4.23%, the highest since the bond launched in 1999. The 40-year is at 4.27%, 12 bps from its all-time high. The 20-year hit 3.97%, a three-decade high.

The CFTC just released updated guidance on how digital assets can be used as collateral in derivatives markets.

TFTC 795 w/ Jordi Visser: "We're about to unleash the 900 trillion in liquid form. That's what tokenization is. And the Ponzi scheme then ends." We discuss: ⚡ The $900T Ponzi hiding in the fiat system ⚡ Why the next crisis may never come ⚡ What actually sends Bitcoin to $1M

The 30-year Treasury yield just hit 5.43%, its highest level since June 2004. It was under 1% in 2020.

China's spot copper premium hit 1,375 yuan per ton, the highest since November 2021. Refined copper imports fell 11% in August, and LME copper is trading near $14,577 a ton.

Spot bitcoin ETFs took in $1 billion yesterday, their biggest day of 2026. That flipped year-to-date flows positive for the first time since April. Option 2 (year-over-year, from the chart) Spot bitcoin ETF net flows: 2024: +$35.2 billion 2025: +$21.3 billion 2026: +$349 million Yesterday's $1 billion day is what pulled this year back above zero.

A Morgan Stanley employee accidentally emailed out a list of 100+ deals the bank is working on in Asia. Potential IPOs, the private equity and pension funds backing them, and projects on hold.

Anthropic's Claude Opus 5.5 will deliberately fall back to a less capable model when asked about frontier LLM development tasks like ML kernel development.

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