A new report from Matthew Boyer found that MSCI's proposal to exclude "non-operating companies" from its indexes was developed inside an internal project literally named "DATCOs" (Digital Asset Treasury Companies), revealed by metadata buried in the public PDF. In 2025, MSCI tried to remove bitcoin treasury companies directly. After backlash it shelved the rule but froze their index footprint and blocked new entrants. Months later it returned with broader language that drops any mention of bitcoin but reaches the same companies. The test relies on "operating assets," a term not defined under GAAP or IFRS. MSCI draws the line. Applied broadly, companies building satellites, lithium mines, or chip fabs could fail the screen simply for being in a capital-intensive construction phase. MSCI has $21 trillion benchmarked to its indexes and has characterized its role to regulators as rules-based market measurement. Deciding which lawful companies count as real businesses goes well beyond measurement. It's discretionary capital allocation with no accountability to the millions of Americans whose retirement savings follow these lists.

Wall Street’s Invisible Committee | Bitcoin Policy Institute

Conner Brown examines how private index committees shape capital flows and why broad-market benchmarks need transparent, accountable inclusion rules.

Full Musk-Huang panel from the https://America.gov launch.

ESMA, the EU's top financial markets regulator, just published recommendations for tightening MiCA, the bloc's digital asset rulebook that went fully live in July. Any platform giving users access to DeFi protocols would need a license. Swap frontends, bridge UIs, lending aggregators... if you connect users to smart contracts, you're a regulated intermediary in their eyes. They're calling out "decentralisation washing" by name. Stablecoin enforcement gets stricter too. Service providers would be barred from listing any stablecoins that aren't MiCA-compliant. ESMA also wants stronger classification powers, pushing for binding opinions on what counts as a security so member states can't interpret the rules differently. The throughline is Brussels watched MiCA's first few months play out, decided the gaps are too wide, and now wants to tighten the screws.

TFTC 797 w/ (realizingerin): "These AI hacks are gonna come for everyone. Bitcoin is the ideal thing to target because it's open source and it's money." We discuss: ⚡ Why Bitcoin got hit first ⚡ The end of "Bitcoin only = safe" ⚡ Inside the AI doomsday cult

The 10-year Treasury yield hit 5.28% on Tuesday, the highest since 2007. Five years ago it was 1.3%.

The Dutch government wants to tax bitcoin, gold and silver held directly at 36% on unrealized gains every year in 2028 and 2029. Hold the same assets through an ETF or ETP and you only pay when you sell.

Trump accounts to be automatically set up for every American kid under 18, bringing the total to roughly 70 million. Having an account opens the door for stock donations to flow directly to children, which Eric Balchunas calls "the best solution to closing the wealth gap."

Galaxy's Alex Thorn on why 21st century freedom runs on code, from the freedom to transact to the freedom to prompt.

Anthropic CEO Dario Amodei after a White House meeting with Trump and top tech leaders: "Whoever wins AI, wins. We all need to work together to make sure that we can win, and we can win safely."

"The American public and our customers want to know that what we're building is working in the way that we all intend." Zuckerberg on the White House AI accord, which includes internal risk reviews, external auditors, and independent board oversight. He called it "a start" and "a historic conversation."

Elon Musk alongside President Trump: "I think by FAR the most likely outcome is an AGE OF ABUNDANCE where we don't have just universal basic income, we have universal HIGH income."

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Vora unveiled Aegis, an open-source AI hardware device designed to keep your data private and local. First public demo at (PresidioBitcoin).

OpenAI is rolling out the confidential inference services it first announced about a year ago, now officially debuting at DevDay. The idea: run AI queries inside trusted execution environments so data is protected even during inference. (anthonyronning), CTO of Maple, notes his team has been building on this thesis for over two years. Maple already operates a private-by-default platform handling multi-TEE provider services. Apple, Meta, Google, and to some extent Anthropic have all moved in this direction. OpenAI joining only strengthens the case that confidential computing is becoming the standard for AI infrastructure. Ronning says he's looking forward to seeing how OpenAI rolls it out and potentially integrating it, if the implementation is verifiable and solid.

OpenAI just dropped GPT-6.1 Sol, claiming near-Astra level intelligence at a fifth of the price.

Every bitcoin visualized by the price it last moved via Gabe 博仁 Parker 🍊🍋.

BPI's full talk with (yeahfortommy) from Nous Research on why open-source AI matters for American competitiveness.

Customer settles a bar tab in Vienna with Bitcoin over Lightning.

SEC Chair Paul Atkins: "The whole financial system is moving to Bitcoin and crypto."

The White House unveiled https://America.gov, designed by Airbnb co-founder Joe Gebbia.