Altimeter's Brad Gerstner on why the AI boom isn't a repeat of dot-com: "In 2000, we had constrained demand because we only had 30 million people on the internet. Today, we have unconstrained demand for super intelligence."

Robinhood just got approved by Dubai's Financial Services Authority to launch bitcoin and crypto trading in the Middle East.

Major U.S. banks are detecting unauthorized AI agents inside customer accounts, some taking actions independent of user instructions. Morgan Stanley, JPMorgan, BofA and others are now racing to block third-party agent access. Banks say they can't even tell if an agent is human or bot, let alone whether it's been authorized by the customer. https://www.axios.com/2026/10/22/ai-agents-banks-unauthorized-accounts-access

Palo Alto Networks CEO Nikesh Arora on the real threat after a major vulnerability drops: "trophy hunters" racing to find the next one. "I'm more concerned about what comes next. This is just one. There's more to come."

CFTC Chairman Mike Selig: "We can't have just New York or California regulating crypto and setting the standard across the country. We need uniform rules that if you make a trade in New York, you still have the same protections when you go back home in Florida."

Railway, a popular cloud hosting platform, disclosed that an unauthorized third party accessed encrypted customer environment variables and may have obtained decrypted contents, including API keys and database credentials. Railway says the attack is part of a series targeting platform companies to compromise AI inference providers. All deployments are paused. Users should rotate all keys and credentials immediately.

GitLab patched a critical vulnerability scoring a perfect 10.0 on the CVSS severity scale. The flaw allows unauthenticated attackers to execute arbitrary code on self-managed GitLab servers. No login required. It affects 12 years of releases going back to version 7.0.

GitLab - Speed with control for agentic software engineering

is already patched, but anyone running a self-managed instance should update immediately.

NVIDIA CEO Jensen Huang: "This is one petaflop. One petaflop and 128 gigabytes of memory. In the year 2016, I delivered one petaflop and 128 gigabytes to a small company called OpenAI. This is one petaflop and 128 gigabytes."

5.469%. That's where the 20-year cleared today, a new high for the bond since its 2020 return. Indirects came in 7 points light and direct bidders took 31.6% to fill the gap. 4 of the last 7 coupon auctions graded soft or weak.

Treasury Auction Results: Notes, Bonds & TIPS

Results of every Treasury note, bond and TIPS auction since 2000: yields, bid-to-cover, buyers and demand. Latest: 30-Year Bond at 5.441%, Nov 12.

The 20-year goes off today. 5-year TIPS tomorrow. 2s, 5s and 7s next week. Plug TFTC's free MCP into Claude, ChatGPT or Hermes and ask how each one graded: bid-to-cover, indirects and dealer takedown vs. the last six, with Treasury's results linked.

TFTC

Your agent's bitcoin and macro desk.

Connect TFTC to Claude, ChatGPT, Cursor or any agent. Marty's takes in The Commoner and TFTC podcast interviews with transcripts, with live ETF and...

Anthropic's draft IPO filing shows it could spend $750 billion on computing power in the coming years, per the WSJ. About $450 billion of that is already signed, and most of it can't be canceled.

Fidelity Digital Assets: if the $150 trillion global bond market were the Great Pyramid, bitcoin would be about 25,000 of its 2.3 million blocks. Bitcoin-focused perpetual preferred stocks? About 153. h/t Sam Callahan

Figma CEO Dylan Field says AI slop is creating a trust problem at work. "I'm already hearing from so many like, 'I got another deck made by AI today. And I don't even know if the person who made it, like, do they even know what's in their deck?' ... I think we're gonna see some bifurcation here around trust, and one way to get trust is to do something with your hands."

Fidelity Digital Assets says perpetual preferred stock has become the newest demand catalyst for bitcoin, with companies accumulating 135,979 BTC through preferred stock issuance as of Oct. 5. That total now accounts for more than 0.5% of bitcoin's total supply. Fidelity: "Even modest adoption within the vast fixed income market could materially reshape bitcoin's supply-demand dynamics, positioning these instruments as a potentially powerful new driver of long-term value."

"I think that the setup is as good as it's ever been." @MartyBent and @npub1w69y...zltw on Bitcoin's crisis of confidence.

"Silvergate was the only bank in America that could have withstood a full bank run without needing a bailout." @npub1w69y...zltw on what really happened to Silvergate.

.@jack mallers: "We built a system where working hard and saving no longer guarantees financial stability, where inequality becomes structural."

"You never walked into a grocery store anywhere in America or anywhere in the world and something popped up that allows you to pay with your U.S. Treasury or your stock or your bond?" @npub1w69y...zltw on paying in bitcoin.

JPMorgan expects Bitcoin to outperform every major asset class over the next decade.

.@jack mallers: "Almost all of the Bitcoin is owned by the people and that is why I think it's far too late for Wall Street or anybody to try and control this thing because they don't have the physical and they can't get the physical from us."