EddyG @egclouds

Odds are high that the gold price is heading for a fall. Intraday today, the market cap of gold as a percent of the US money supply (M2) hit an all-time high: higher than its peak in 1980 when inflation and interest rates soared to the mid-teens and, even more shocking...

Sui, Mysten Labs, George Mason University & Yale release a new version (after two years of research and peer review) of the most comprehensive study on the tools humanity has for private crypto transactions 2026 will be massive for private crypto solutions. Sui is leading with a dedicated global team of the strongest minds in zero-knowledge proofs. article link in the 1st comment

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The "bill of exchange" dominated the international banking system for 800 years, from the First Crusade to the First World War. This is its story. ebuchman.github.io/posts/bills-in…

Absolutely absurd we got the former head of commodities at Bridgewater and just overall great guy who’s been writing about the silver thesis for over a year to provide this kind of free value of him walking through his thinking of the trade live Well written man and congrats

Karpathy’s 2025 retrospective is the clearest articulation I’ve seen of what foundational AI labs are actually building. We’re not “evolving animals,” we’re “summoning ghosts.” LLMs have completely different optimization pressures than biological intelligence. Humans evolved for tribal survival. LLMs optimize for imitating text, solving puzzles, and winning upvotes on LM Arena. Different pressures, different shapes in the intelligence space. This framing finally explains what confuses everyone about AI capability. GPT-5 aces the bar exam but gets tricked by simple jailbreaks. Claude writes PhD-level philosophy but hallucinates citations. Gemini solves competition math that stumps IMO medalists but fumbles spatial reasoning. Capability spikes near verifiable domains where RLVR concentrates optimization pressure. Everywhere else, you get a different entity entirely. I’ve been thinking about what this means for AI product builders. The teams struggling with AI deployment are treating capability as uniform. They ask “can AI do this task?” and expect a yes/no answer. But ghost intelligence doesn’t work that way. The teams winning are asking a different question: “Does this task live near a verifiable domain?” If yes, the ghost might be superhuman. Build for autonomy. If no, the ghost needs guardrails. Build for human-in-the-loop. This is why Cursor works. This is why Claude Code runs on localhost instead of the cloud. The best AI products in 2025 mapped the jagged edges and designed around them. The companies that internalize Karpathy’s ghost framing will build better products than the ones still thinking in terms of “smarter or dumber than humans.” There’s no single axis. Just different shapes.

Andrej Karpathy @karpathy

7 months ago

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American Dynamism made working with the government cool again: - Tech realizes defense matters - Companies like SpaceX and Anduril have proven startups can sell to the government - America has to build in the physical world to stay dominant David Ulevitch, Katherine Boyle, and Erik Torenberg join Marc Andreessen and Ben Horowitz to cover the origins of American Dynamism and where it's going, including Silicon Valley's roots in defense, the importance of American values winning globally, and how a special breed of founders is building for American Dynamism. 00:00 Intro 01:32 When Katherine Boyle coined “American Dynamism” 08:50 When emotional outrage replaced curiosity 14:14 “It’s Time to Build”: How COVID and The Social Network defined a decade 29:20 Space 2.0: Why you don’t need to build everything yourself 37:28 Attributable systems: Rethinking the economics of war 44:42 “The war won’t be about space, it will be in space” 46:33 Every country wants their own Silicon Valley 58:01 Winning by being more like us, not more like them 1:13:51 Why American Dynamism founders are different @davidu @KTmBoyle @eriktorenberg @pmarca @bhorowitz

Ep 624: @cosmos - The Linux of Blockchains? Captured live @CosmoverseHQ, this episode brings host @seb3point0 into dialogue with @0xMagmar and @Cryptocito. Against a backdrop of institutional gravitas, central banks mingling alongside Revolut executives, the conversation traces Cosmos' arc across five Cosmoverses, from Medellín's raw developer fervor to the polished, enterprise-oriented event unfolding here. It's a marker of the ecosystem's maturation, one that demands Cosmos "grow up" to weave itself into the fabric of global finance, governance, and economies beyond its insular origins. @0xMagmar lays out Cosmos Labs' forward path: Systematically acquiring and refining homegrown innovations, such as the EVM comp rebuild over six months into a core stack component and consolidating privacy primitives from projects like Secret Network and Penumbra into seamless, enterprise-grade tools. These advancements, long championed by Cosmos builders, now stand ready for institutional adoption. On quantum threats, enterprises show little concern for now. The panel underscores blockchains' unique vulnerabilities: Unlike centralised systems, they require broad coordination for upgrades, where Bitcoin's inertia pales against Cosmos' app-chain flexibility, allowing isolated chain overhauls without dragging down the broader network, a resilience Ethereum lacks. Topics discussed in this episode: 0:00 Introduction & Cosmoverse Vibe Check 2:30 Reflections on Five Cosmoverses: From Medellín to Split 6:45 Ecosystem Maturation: Grassroots to Institutional Focus 11:20 Cosmos Labs' Roadmap: Unifying Privacy & EVM Innovations 16:50 Building Cohesive Stack Features for Enterprises 22:15 Privacy Tools: Secret Network, Penumbra, and Nym 27:40 Quantum Computing Threats & Blockchain Vulnerabilities 33:10 Coordination Challenges: Hard Forks vs. App-Chain Modularity 38:25 Sovereign Day Argentina: CBDC & Gov Sovereignty Summit 43:50 Leadership Adaptation & Community Inclusion 49:20 Future Vision: Cosmos as Global Finance Enabler 54:00 Closing Thoughts & Event Shoutouts Sponsors: Gnosis: Gnosis has been building core decentralized infrastructure for the Ethereum ecosystem since 2015. With the launch of Gnosis Pay last year, we introduced the world's first Decentralized Payment Network. Start leveraging its power today at gnosis.io

Good watch to learn about our new roadmap and GTM. Blockchain will change very business. Cosmos is building a new financial system based off its massively popular Cosmos SDK & open source stack. The future is bright, open, and interconnected 🛜 Thank you @CCNDotComNews!

CCN - Crypto Citizens Network @CCNCitizens

8 months ago

🔭 @cosmoslabs_io’s co-CEO, Magnus Mareneck (@0xMagmar), joins CCN to talk about SWIFT, stablecoin expansion, remittances, and Web3’s role. Learn with @_prashantjha ⬇️ 📺

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Yesterday, we announced the release of Cosmos EVM v0.5.0: github.com/cosmos/evm/rel…. The major theme for the release was full EVM compatibility. Our aim was to bring Cosmos EVM as close to native Ethereum as possible in terms of experience and functionality. Running on the latest version of Go-Ethereum, Cosmos EVM is the only Layer 1 stack that lets you build a sovereign EVM chain with the latest tech. Some of the major features that we launched yesterday are EIP-7702, full JSON-RPC compatibility on relevant APIs, IBC compatibility, mempool improvements, and much more. With over 100 PRs merged with the help of several open source contributors, Cosmos EVM is a living, breathing, and continuously growing project. The Cosmos EVM is where sovereignty truly meets innovation.

“The window for action is closing. Each year they wait: •Demographics get worse (losing workers) •Technology gap widens (US pulling ahead on AI and chips) •Resources get tighter (more money to zombie banks, less for development) •Social stability degrades (youth unemployment, falling property values, stagnant wages) They need to act while they still have: •Military advantage over Taiwan (probably next 5 years max before balance shifts) •Leverage over rare earth supplies (before US develops alternatives) •Resources to compete (before banking drain consumes everything) •Social stability to mobilize (before unemployment gets worse)”

CCN - Crypto Citizens Network @CCNCitizens

8 months ago

🔭 @cosmoslabs_io’s co-CEO, Magnus Mareneck (@0xMagmar), joins CCN to talk about SWIFT, stablecoin expansion, remittances, and Web3’s role. Learn with @_prashantjha ⬇️ 📺

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𝗠𝗼𝗿𝗴𝗮𝗻 𝗦𝘁𝗮𝗻𝗹𝗲𝘆'𝘀 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗜𝗻𝗱𝗲𝘅: 𝗥𝗮𝗿𝗲 𝗘𝗮𝗿𝘁𝗵s $TMC TMC the Metals Company $UAMY United States Antimony $MP MP Materials $USAR USA Rare Earth $IDR Idaho Strategic Resources $NB NioCorp $UUUU Energy Fuels $CRML Critical Metals $TMQ Trilogy Metals $AREC American Resources $TMRC Texas Mineral Resources $REEMF Rare Element Resources $ERO Ero Copper $PPTA Perpetua Resources 𝗕𝗮𝘁𝘁𝗲𝗿𝗶𝗲𝘀 $TSLA Tesla $EOSE Eos Energy $SEI Solaris Energy Infrastructure $AMPX Amprius $MVST Microvast $BLDP Ballard Power Systems $QS QuantumScape $ABAT American Battery Technology $IE Ivanhoe Electric 𝗟𝗶𝘁𝗵𝗶𝘂𝗺 $ALB Albemarle $SGML Sigma Lithium $LAC Lithium Americas $SLI Standard Lithium 𝗡𝘂𝗰𝗹𝗲𝗮𝗿 $OKLO Oklo $LTBR Lightbridge $ASPI ASP Isotopes $LEU Centrus Energy $CCJ Cameco $BWXT BWX Technologies $URG Uranium Energy $NNE NANO Nuclear Energy $SMR NuScale $NXE NexGen Energy $URC Uranium Royalty $EU Encore Energy $MIR Mirion

AI DATA CENTERS WILL QUADRUPLE GLOBAL POWER DEMAND IN THE NEXT 10 YEARS Battery storage led by $TSLA & $EOSE will stabilize the grid by storing excess generation and discharging during peak inference cycles. Nuclear will anchor the baseload with $OKLO, $SMR $BWXT & $CEG developing modular reactors that deliver nonstop clean power straight to AI campuses. Transmission & cooling will close the loop with $VST & $VRT expanding the grid and infrastructure that move the energy behind AI’s next decade. Natural gas will keep the grid stable between renewable cycles with $VG & $NEXT expanding LNG capacity to guarantee uninterrupted power for AI loads. Renewables like $FSLR, $BE & $NEE will drive the marginal cost of compute lower by supplying cheap daytime energy that feeds grid-scale storage.

Blackstone says the next big thing is chips, data centers & power. The first two feed on the third as U.S. electricity demand climbs 40% in the next decade. Supply is $VST, $CEG, $OKLO, $CCJ, $LEU & $EOSE Demand is $NBIS, $IREN, $CIFR, $WULF & $CRWV

@Reecepbcups_ This sounds really! What’s next?

Software is Eating Labor At $300 billion in annual revenue, the global software market is huge. But it pales in comparison to the labor market, which weighs in at $13 trillion a year in just the US. The wages of nurses alone are more than twice the revenue of every SaaS company combined. Over the last 70 years, software fundamentally changed the way we record, store, and share information. Its next act is to perform the work itself and charge on outcomes, capturing trillions of dollars of value in the process. @arampell explains in this talk from the 2025 a16z LP Summit. 00:00 The history of labor and automation 03:34 Software case studies 09:10 The business model of software has to change 11:39 Software will eat labor 20:08 It's not just about cost 22:48 AI creates new market opportunities

MAGA has thrown in the towel on China. This is completely understandable. But it has many implications. (1) First, what just happened? The new National Defense Strategy[1] is reportedly pivoting away from China and towards the homeland. Many troops will be brought back...at first to enforce the border, and perhaps soon to patrol the streets as they're doing in DC. (2) Second, why did it happen? Because the US military is made in China. You can't fight your factory. And the stark numerical reality is that Chinese production in many sectors is unfortunately far beyond anything America can match for the foreseeable future, particularly without its now alienated allies. After all, there would be no tariffs if US factories could compete with Chinese factories: (3) Wait, no really, why did it happen? It's also because the Russian military has de facto defeated NATO in Ukraine, the Houthis have kept the Suez closed, and the last twenty years of forever war and political crisis have led many Americans to understandably believe their empire is simply too much of a burden. After all, there would be no attempt at a peace treaty if US-backed forces could simply defeat the Russian military. Even the journos now admit this: (4) OK, so what happens next? Right now there are ~750 US military bases globally. Many will get shut down over the next several years as a consequence of both US pullback and international retaliation for the trade war. This is similar to the Soviet wind-down after 1991. That's what becoming a country, not an empire means: pullback of all this presence to just the homeland. (5) And then what happens? Well, we'll all miss Uncle Sam when he's gone. Because China is far more MAGA than MAGA. It's a completely self-interested ethnostate that's armed to the teeth and that will bully any country that doesn't do as it sees fit. Today, it's true that China is making all the right noises about win/win cooperation and the rights of small countries and so on. And it will probably keep that up for a while, as trade routes get recentralized around China thanks to the opportunity provided by MAGA tariffs. But no individual state, and probably no coalition, can physically go tank-for-tank and plane-for-plane with the Chinese drone armada. So the leverage that China has over the world (and its own citizens) via sheer physical compulsion will eventually prove tempting. That means we'll need an asymmetric strategy to balance China. A digital yin that constrains their physical yang. I do think the Internet can get there. It is after all the only thing with comparable economic scale to China. And it's actually upstream of all the drones, robots, transactions, and communications. But that's a discussion for another time. The first step is to understand what's happening at this time.

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How are the world’s largest institutions really approaching onchain product development? Blockdaemon CRO Andrew Vranjes breaks down the infra, strategy, and future of institutional onboarding on the Hash It Over podcast. Watch Now.

Purpose-built programmable confidential stablecoins are coming to the Noble AppLayer. ✨ With @0xfairblock, enterprises leveraging Noble's stablecoin issuance infrastructure can control appropriate technical features like encryption and data minimization with controlled access. Ready for mainstream 🚀

Fairblock @0xfairblock

11 months ago

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This is insane There are at least 3 stories here - perps volume vs. spot, defi vs. tradfi, power users vs. fish Hyperliquid has the perps defi power users so the volumes are nuts

Cointelegraph @Cointelegraph

11 months ago

⚡️ JUST IN: Hyperliquid recorded $330.8B in trading volume in July, surpassing U.S. brokerage giant Robinhood.

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