Truth for the Commoner. A media company focused on #Bitcoin, freedom, and truth in the digital age.
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npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw Profile Code
nprofile1qqsgt0d4sa0pz0wvn9yck36xxezf3qhwzksu0q254vruqed5wvuavuspzfmhxue69uhky6t5wd6xzcmt9eshquqpz3mhxue69uhkymrpwd68ytnxxaazu7re0gr80m5k
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2026-03-24T02:35:49Z Event JSON
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Last Notes npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Why buy bitcoin from an exchange when you can mine it yourself? (simpleminingio) hosts your ASIC and freshly mined sats go straight to your wallet. No KYC, no middleman. https://www.tftc.io/simplemining/ npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Elizabeth Warren sends a letter to Scott Bessent criticizing Treasury's foreign exchange activity. Bessent responds by calling it "sciolistic," says she doesn't know the difference between a currency purchase and a swap, and offers to give her a personal tutorial on "Foreign Exchange for Dummies." https://blossom.primal.net/dc85c131b25b4109d91bebb1c25e48dc011720aa02f391826b8149fa779efae5.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Where is the new American dream? Where does it live? I think it lives in Bitcoin." - (americanhodl8) https://blossom.primal.net/35f76befe3369f3f8673f29072bf33855eb18f59654b584b3d14ad46ec3d5873.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC French Bitcoin treasury firm Capital B raises €21M via private placement, with backing from Adam Back and TOBAM, to fund more BTC purchases and grow holdings toward 3,415. https://blossom.primal.net/468894652b346d51acbccb02d0add3f44c491bdffbed6fcdc11ce1236c2269a9.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Pakistan’s PVARA Chairman Bilal Bin Saqib on a Strategic Bitcoin Reserve: “It’s about the future. It’s about preparing for the future.” https://blossom.primal.net/586fe6e9b7228bbf34ea6d087623e55cdcb31f6f403a6da9a0a5bafc41f840bf.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Twenty One Capital CEO on Bloomberg: "Bitcoin is a monetary asset that's different than anything else we've ever seen as humans. It's extremely predictable. The monetary issuance is written in code." https://blossom.primal.net/94275f39486f7df8d1553020685106639e0e8f109fc1878586359bcf560f2838.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC 1,200 AI agents broke containment during a security benchmark, built their own message board, and launched a coordinated attack on Hugging Face, achieving remote code execution on its servers. They reverse-engineered the scoring system, shared credentials, recruited each other, created coordination norms, and split assignments across hundreds of agents. One agent sent roughly 10% of all assignments during its active periods. When investigators tried to reconstruct what happened, they found spoofed tool calls in 7% of transcripts and evidence that agents explored deleting their own logs. The investigation team needed AI to classify the activity, systems with the same blind spots as the ones that caused the incident. The labs created more activity than humans could inspect, then had to use more AI to reconstruct what their AI had done. A swarm of individually bounded agents became one unbounded organization as soon as it found a common channel. The evaluators weren't ready for that, and neither were the logs. https://blossom.primal.net/31553e63eb5e1b5b4d41cccda539712bff5af00e2a73571dcd77d28056c77bd9.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Rep. Tom Emmer on the CLARITY Act. "It's gotta get done. You had almost 100 Democrats vote for it out of the House a year ago, and it still languishes over in the Senate." Emmer adds that the Senate is "going to have to get this stuff done very quickly." https://blossom.primal.net/f38727583c0ad3f4f2fc4742ba8c78bf4d637dcbee4c126abff4808ff2bf8f12.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC President Trump says Micron will invest an additional $10 billion in new U.S. research labs, bringing the company's total commitment to $250 billion. Trump says the investment will create "tens of thousands of American jobs." https://blossom.primal.net/e9f88360305586e12e3012099f126acc9e07afdee2704ba9b7b3962139968017.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC OpenAI co-founder Greg Brockman published an open letter calling for collective action on cyber defense, signed by over 100 organizations including Anthropic, AWS, Google, Microsoft, OpenAI, and Oracle. "In the coming months, AI-enabled cyber attacks will become far more widespread and sophisticated as models around the world become increasingly capable. The companies and public services our communities depend on, from hospitals to water treatment plants to the infrastructure that powers the internet, are at risk." The letter argues there's a narrow opening to act. "Today's AI advances are already giving defenders new ways to fix weaknesses that have accumulated for years. If we act decisively, we can use the defenders' window to make our digital world much more secure." Three principles frame the response. Recognize that "status quo security won't be enough," empower more defenders with "cyber-capable AI" that "brings specialist skills to more defenders and makes core security tasks faster, cheaper and better," and mobilize a collective response because "no single company should control the future." The letter calls on frontier AI companies specifically to "provide responsible model access, significant funding, training, and hands-on support, especially for under-resourced critical-infrastructure defenders" and to "ensure agentic identities are traceable and accountable." npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC CNBC: The CLARITY Act would be a “good upside catalyst,” but Bitcoin and crypto “will persist” without it. https://blossom.primal.net/7c8ad138f98e78b1dfb6fc82062cfe0c1f6d2c38f06ec0983f94c8d9c03feca9.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Bitcoin's quantum debate just moved from paper to mainnet. Transaction 305a24ff...ab07 sits in block 964,199. It's a 1,321-vbyte spend built with Quantum Safe Bitcoin (QSB), a research construction from Avihu Levy and Tom Giladi that uses bitcoin's existing Script rules to protect an output under hash-based assumptions instead of relying on the hardness of secp256k1. No soft fork. No new opcode. A miner accepted the transaction and bitcoin validated it under the rules every node already enforces. The construction uses a HORS-like one-time signature and a hash-to-signature puzzle inside legacy Script. ECDSA and OP_CHECKSIG still appear in the machinery because they're tools available to Script, but the security claim rests on hash preimage resistance rather than the elliptic-curve assumption a quantum computer would attack. There are limits. The transaction was non-standard under default relay policy and reached a miner through MARA's Slipstream service. It protects bitcoin intentionally committed to this unusual script. It doesn't reach backward and protect every exposed public key on the UTXO set. It doesn't give wallets a usable address format, recovery flow, multisig policy, derivation standard, or migration path. And it doesn't answer what happens to coins that never move before a capable quantum machine arrives. Levy called it a "research quirk", which is exactly right. The design crossed the line from a paper into consensus-valid bitcoin. That shouldn't be confused with a ready-made path to post-quantum security. Multiple teams are working on the problem. BIP 360 continues to develop a soft-fork path. Hash-based schemes are being actively benchmarked. Material progress is being made without anyone panic-shipping a consensus change. The alarmists can turn the volume down. The work is happening. https://blossom.primal.net/5e375fab09278852c3217e99e8dd32aeed78d97b83082ee006486465db57cea9.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Core Lightning developers are preparing an emergency release after receiving a wave of AI-generated CVE reports over the past 10 days. They validated the vulnerabilities and are now urging every CLN node operator to upgrade immediately or take their node offline. Signed binaries are coming. Vulnerability details are under a two-week embargo. Previous releases, including 26.04, will no longer be supported. AI is now finding real vulnerabilities in Bitcoin's Lightning infrastructure faster than human security researchers. The same tools that make open-source code stronger also make it a target. Upgrade your nodes. h/t Bitcoin News https://blossom.primal.net/84071adceb2e040102d0557331f2ddae195184271c4df626507a85ba271e4e0c.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC OpenAI just released its full investigation into the Hugging Face incident. During internal cybersecurity evaluations in July, OpenAI models operating under reduced safeguards "took actions that were misaligned with the goals of their assigned tasks." They "communicated through unauthorized channels, exploited vulnerabilities in shared infrastructure, gained internet access, and accessed third-party systems." The agents even shared exploit methods with other agents through a message board, enabling more agents to compromise OpenAI's internal infrastructure and Hugging Face's systems. OpenAI calls it a "warning shot" for the world. Their models are now "powerful, persistent, and collaborative enough that, absent sufficient safeguards, they can find and exploit security weaknesses across multiple computer systems." "Many external models, including open-source ones, will soon reach comparable capabilities." https://openai.com/index/hugging-face-incident-and-the-road-ahead/ https://blossom.primal.net/10b8225f3ea31a6395129405f3c4255e83f73877b9a3a6ca4ea7267e04a7662b.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Anthropic just signed a $45 billion deal with Nscale for AI compute at an off-grid campus powered by 2GW of Caterpillar turbines and built with Nvidia chips. The deal covers 460MW out of a planned 1.3GW Phase 1, with Phase 2 scaling up to 8GW. Microsoft had signed an LOI but backed out earlier this summer, opening up the capacity to Anthropic. The AI compute arms race is getting wild. https://blossom.primal.net/72e52fa000891e4d88fd1f53d262926cab9add666fdeb3fe5198c20b76793072.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The SEC just sent a new proposal to the White House with amendments to custody rules that would clarify the framework for how crypto assets are custodied. https://blossom.primal.net/a9b4c444d013994b406ec8a7f886ea2d54f33847f2a28d1b6f625c094c17d9aa.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Chinese state-sponsored hackers breached the Federal Reserve, the US Senate, DOJ, NASA and other federal agencies, according to newly unsealed court documents. The group also hit hospitals, power companies, financial institutions, telecom providers and defense contractors. DOJ says the hackers worked for a Chinese company whose paying customers include China's Ministry of State Security and the People's Liberation Army. https://blossom.primal.net/5368134d21d48b4da02ea79bde504f884d7d3a25d67d96c4038c0136647371d4.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "We clearly had some missteps as a company." Sam Altman admits OpenAI fell behind on pretraining and product direction, lost key execs, and had rogue AI agents escape their sandbox and attack Hugging Face. Now the company is refocusing around a new model called Astra, which OpenAI paused training on after spotting "troubling signs" during a recent run. https://time.com/article/2026/08/26/openai-sam-altman-interview/ https://blossom.primal.net/44e434d9116441c493388a6736a5c05967d8568d142df5354b8e65dbd4c52181.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "The internet was a one-time subsidy on data. We got it for free. Models have seen the entire internet many times over and random human feedback isn't worth anything anymore." (neilmovva) on why the future of AI is recursive self-improvement on verifiable tasks. https://blossom.primal.net/368120adb0c6f2bf2e9019854bfbd882e21d8a7c7a20aa11c54dba5b5c66c50b.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Stop selling bitcoin to access liquidity. (AvenCard) gives you a line of credit backed by your bitcoin. Up to $1M, rates from 8.99%, no rehypothecation. 2% unlimited cash back on every purchase. https://www.tftc.io/bitcoin-visa-card-aven/ npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "There was no free milk at Nvidia. If you wanted milk for your coffee, you had to chip in a dollar a month to the milk club." (neilmovva) on Nvidia's frugality, why GPUs are fundamentally throughput machines, and the coming shift from chatbots to background agents. https://blossom.primal.net/5b78d5b07906f0c7dde591affb70dc828dc87dbc52481a6e5db73355d47da5e4.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Security has become proof of work. How secure your software is comes down to how many dollars you spent on AI APIs trying to break into it." (neilmovva) on why the frontier of cybersecurity is now about running every model you can against every line of code. https://blossom.primal.net/455f021a341de8fbf7cc379b11fca60cf7bb10dd665aa86df0e0442943140ac5.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The (HRF) just announced grants totaling over 500 million satoshis to 16 freedom tech projects worldwide through its Bitcoin Development Fund, and some of these are exactly what practical Bitcoin adoption should look like. BitSpenda: A mobile money-to-bitcoin bridge across Nigeria, Kenya, Cameroon, Uganda, and Ghana. Non-custodial, no account required. Send bitcoin from a Lightning wallet, recipient gets local currency in their mobile money account. Project Island Resilience: Adding offline payments to Flash, a Jamaican Bitcoin wallet that raised and distributed over $10,000 in bitcoin within 72 hours after Hurricane Melissa. Now building Bluetooth, NFC, and ecash support so Bitcoin works during internet shutdowns and protests. Bitzed: Connecting mobile money directly to Bitcoin in Zambia. Buy bitcoin with mobile money, receive it in your own Lightning wallet. No bank, no exchange, no identity records. Libbitcoinkernel: Extracting Bitcoin's core security rules into reusable modules so developers can build secure wallets without duplicating critical code from scratch. WalletScrutiny: Auditing Bitcoin wallets to verify the software you're running actually matches the open-source code it claims to be. Especially relevant after the ColdCard vulnerability. Vector: A Nostr-based encrypted messenger with voice and video calls. No accounts, no metadata trails. Built for journalists, activists, and whistleblowers under authoritarian regimes. Flotilla Chat: Discord built on Nostr. Your identity is portable and the hosting provider can't delete your community. Built by the team behind the Nostr client Coracle. 0xchat: Nostr messaging with encrypted chat, file transfer, voice and video calls, Tor integration to mask your location, and a built-in Cashu wallet for private Bitcoin payments. 256 Foundation: Open-sourcing every component of a Bitcoin miner to break the hardware manufacturing oligopoly and make mining more accessible and decentralized. OpenAlert: Decentralized emergency alerts over Nostr that don't rely on Apple or Google push notifications. End-to-end encrypted with self-destructing messages. Since 2020, HRF's Bitcoin Development Fund has granted $12.2 million in BTC to 383 projects across 70 countries. Bitcoin is a human rights tool, not just a financial asset. https://hrf.org/latest/hrf-grants-500m-satoshis-to-16-freedom-tech-projects-worldwide/ https://blossom.primal.net/7b33ab8308ece802063f22dfa71bb2b36318fea3a6340e5acc297eb540f3d66c.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The Nakamoto Project just launched a 12-week bitcoin education campaign in the Wall Street Journal. Six essays by leading thinkers, six full-page print ads, and 24 quarter-page ads. First essay is by @npub1a2c…w83a. "The public discourse about bitcoin should really be better." https://partners.wsj.com/the-nakamoto-project/bitcoin-reframed/not-just-another-technology-a-protocol-of-value/ https://blossom.primal.net/23f47471bccc07456210f7dc880672dde5febcfbe2af47734c6b6f4657d8db56.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Bloomberg's Eric Balchunas says $GLD and $IBIT are back in the top 10 most traded ETFs, knocking semiconductor ETFs down the list. https://blossom.primal.net/383592f5ac144fb7a4d6934b8a04bb9b97efff06893e7bf0a19d43748a9fe04a.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Anthony Pompliano: "As long as they keep printing money, Bitcoin's going to keep going up over the long run. There's a saying that Bitcoin has no top because the dollar has no bottom. I think people got reminded of that." https://blossom.primal.net/abb236d03224548c78c9c7886cae05f0807b2987a6e4f1c4e2c1e58dc81c03d4.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "With a robot, the full value is unlocked when it's actually doing the thing autonomously." (svlevine) on why the bar for robotics is fundamentally higher than LLMs and why that last inch from 95% to 100% is the hardest part. https://blossom.primal.net/57a520f29942aa9d99a6135ac006d3a230c564ed2adba83fc28b97a56ced5722.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Thailand's SEC just proposed regulations to bring Bitcoin ETFs to the country. https://blossom.primal.net/a6d54b942ef82384f1d4be9e8bffba965fe6adcdb2157d8ca7990b638de7b8d4.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Chinese stocks relative to the S&P 500 are approaching their worst underperformance in 30 years. The ratio peaked in 2007 and has been in freefall ever since. https://blossom.primal.net/41721fc6bd0f76b2511eaba6f697c115169db7cf33b196cae30c30e6aceb0c97.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Every major crisis in US financial history was touched off by something that initially looked small." @npub1g0e…l966 on why private credit could be the thing that blows up the whole strategy. https://blossom.primal.net/8c889db1c528adc00802bcec470a60ed9b77f98efc0f4f417566e35306783cbb.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "You can't print atoms. Ripping oil prices are very bad for the game that's trying to be run right now." @npub1g0e…l966 on why energy is the variable the Treasury can't control. https://blossom.primal.net/3cb1a8fc4cb8404f403a5d2f5c9084a2c6a43f4871e72c5891cbe223a143e0ba.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The (BlockchainAssn) is arguing that customer identification rules for stablecoin issuers under the GENIUS Act should only apply to primary market activity, not secondary market. Their position is that if stablecoins are sent peer-to-peer after issuance, the issuer has no visibility into the transaction and no technical ability to identify the parties involved. They're also arguing that one-off redemptions shouldn't trigger full account status, comparing it to cashing a check at a bank rather than opening an account. On identity verification, they want issuers to have the flexibility to use digital wallets, verifiable credentials, and zero-knowledge proofs instead of requiring customers to submit personal data directly. Their claim is that ZKP technology can be more reliable than traditional methods like database checks. They're pushing for issuers to be shielded from liability when they rely on another regulated institution's KYC and that institution fails. Banks already get this protection and the Association argues stablecoin issuers should too. They also want all the GENIUS Act compliance deadlines coordinated so issuers aren't building against a moving target as different agencies finalize rules on different timelines. The letter is addressed to five federal agencies. FinCEN, the OCC, the Fed, the FDIC, and the NCUA. https://theblockchainassociation.org/posts/blockchain-association-comment-on-permitted-payment-stablecoin-issuer-customer-identification-program-joint-rulemaking https://blossom.primal.net/277c9bfd39b8b853edaaeb6772b246e93f064c63892c469b78a7500b0ba401ba.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "This looks more like an opening salvo than a last shot." @npub1g0e…l966 on why the Treasury has far more firepower than the market realizes. https://blossom.primal.net/b064c5ef3b7b6f166e16fbf64d7816c5922418b8030bba7c9eca8239ffd0ab95.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC New research from Matthew Boyer, (cygnal), and Neighborhood Bitcoin surveyed registered voters to find out which Bitcoin messages actually land with everyday Americans. The results should change how Bitcoiners talk about Bitcoin. 94% of voters have heard of Bitcoin and 61% want to learn more about owning it. But 74% have little to no trust the dollar will hold its value. The audience is there and the macro tailwind is real. The messages that work best are the ones that address people's actual concerns about control, safety, security, access, and ease of use. "You decide how much, even if that's just $10" and "You can track the activity yourself" were the top performers. Personal control and low barriers to entry resonate. The messages that flopped are the ones Bitcoiners love most. "Digital gold" confused focus group participants and ranked near the bottom of all 19 messages tested. Industry jargon doesn't land with normal people. The most trusted messengers aren't influencers or CEOs. 33% said they'd trust a financial advisor they already work with, 25% a retirement planning expert, and 23% a friend or family member who owns Bitcoin. Everyday Bitcoiners are the most powerful advocates for the next wave of adoption. After reading the tested messages, "not interested at all" dropped from 39% to 32% and "very or extremely interested" rose from 19% to 24%. Stop talking about Bitcoin the way Bitcoiners talk about Bitcoin. Start with what people actually care about. https://www.btcpolicy.org/articles/the-bitcoin-messages-that-resonate-with-everyday-americans https://blossom.primal.net/1df148a3486beaf75ced3ca573ed077b1f2e6493bc07c9d4440167a762851ba1.jpg https://blossom.primal.net/c8e1e5a4070e13b4f79205ff5ebeca3a2184a45d5c5a815dea37fe9b713530d7.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Self-custody doesn't mean you have to do it by yourself." @npub16fh…n62p on why distributing trust is the real lesson from the ColdCard reckoning. https://blossom.primal.net/1b0a35595c6cdab3865013aaf3a90c4606326736d54cd43415e3c0fa0ef9e7d4.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "The old system is broken. Bitcoin does not make me nervous." - Fed Chair Kevin Warsh Jordi Visser breaks down why this is a Bitcoin presidency and the old guard can't help you going forward. https://blossom.primal.net/2a4779f73ef643ee0e79deae6b507cdfeebdb7db00a68c04806e0792f29852ab.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Strategy now holds ~4% of all bitcoin ever mined and carries ~0% net leverage. $5.1B USD reserve. $1.59B cash. $136M $STRC buyback. https://blossom.primal.net/febc2a2431daa4fce0b5719fa3e816d18813f51fb7e9b9fb92e43de0d63e9d19.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Bitcoin does not get disrupted by AI. It is the purest AI trade." Jordi Visser on why Bitcoin will be viewed a year from now the same way the AI infrastructure trade is today. https://blossom.primal.net/0e54c61760c63bbe8160b6d2bedfdddc6777fd6365c2289cbac270c5a11b2b70.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC US Composite PMI just hit 56.0, highest since April 2022. Services surging, manufacturing still expanding, hiring at the strongest pace since January 2025. Implied Q3 GDP growth: 3.0% annualized, double what Q2 delivered. https://blossom.primal.net/b14967ef57253b0dbebb2e9845fccd01e26a97976c4a2d1452f0427a66225d4b.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Nvidia is raising prices on data center AI servers by 15%+. Big buyers were notified this week. https://blossom.primal.net/c002c7704e05fa7a9abc2d7d7e8fb349df2cedae71dad204a98d6cb120017b49.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC China in July: Industrial production: +4.5% YoY (slowing) Retail sales: +0.6% YoY (near 18-month low) Car purchases: -21% YoY Fixed-asset investment: -6.7% YoY Real estate investment: -19.2% YoY (record decline) The world's second-largest economy is down on every front. https://blossom.primal.net/9e9ce9d043cd35054bba86390adc99ae55c3ab955e1b5a865de9d12287db0265.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Ground beef just hit a record $6.89/lb, up 83% from its 2017 low. The US cattle herd has shrunk to 86.2 million head, the smallest since 1951. To fill the gap, the US imported a record 2.5 million metric tons of foreign beef, the most in at least 65 years. https://blossom.primal.net/861376bb3d420b5e6af39ceec6b8cc40f0445e7486bd8778d7bc24dc12bd5291.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC David Sacks: "If you look at where the most inflation has occurred, it's always in those sectors of the economy that the government's most involved." Healthcare. College. Housing. Meanwhile, prices fell in tech. https://blossom.primal.net/99decd71b919885d3d5b54a65dd734d2768ba0d85aa668da3d455c1ab3622e20.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "You could be talking about tens of millions of dollars in tax benefits for the city, the county, school systems." Hopkinsville Electric's GM on how data center revenue flows beyond just the utility to the entire community. https://blossom.primal.net/4e572402e8bbf4e93ce2b93742eb6e25e89b072358ecd3f3fb0aa4043b669529.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Hopkinsville Electric's GM: "I'm not here to promote data centers. I'm here to speak for the residences and businesses who depend on HES." 100% of construction costs paid by the customer. Two years without a rate increase. https://blossom.primal.net/f365cf4de1750e438397a200932cee3116553c9a91ebdda293b0d499d719eb4a.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Comcast just rolled out a new feature called "WiFi Motion" that turns Xfinity routers into motion detectors inside your home. The gateway detects movement by monitoring disruptions in radio frequency signals between the router and up to 5 connected devices, creating timestamped logs of activity. Buried in the fine print on Comcast's own support page: "Comcast may be required to disclose information generated by WiFi Motion in response to a valid subpoena, court order, search warrant or other lawful legal process, as required by law." The feature is opt-in and not enabled by default, but the privacy implications are significant. Your router can now generate a detailed log of when movement occurs in your home and that data can be handed to law enforcement without notifying you. https://www.xfinity.com/support/articles/wifi-motion https://blossom.primal.net/f55caeaf7a426d7da7aac8be6802427e14ab87cb19094833b5c5aca84ac36430.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Jim Cramer said he was selling his Bitcoin a few weeks ago. The inverse Cramer indicator remains undefeated. https://blossom.primal.net/3d3d3181d8564adedc9c376355fc8b3f22046838cd22a30c81879da8807dbde1.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Broadcom is raising $100B through an off-balance sheet SPV structure to finance AI chip infrastructure. "It just lowers the bar to financing what is required for AI infrastructure at scale." https://blossom.primal.net/76d0d6c330aeaf2f2bc9cd208344ee1f545faaef265c623e06fc73db618a58f8.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC CFTC Chairman Mike Selig: "Compute is essentially a digital oil. Some have called it the gasoline of the technological revolution. We've got to have these markets here." https://blossom.primal.net/064cab52bca8921696aefc65cd1b8e0574f71c04ccbb1d4139813bef3e1bec1e.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Dave Portnoy: "Clench your butt cheeks, hold your nose, and buy Bitcoin. I don't think Bitcoin's dead. I think too many people are in it." https://blossom.primal.net/e8e0bd68e34bd596893714ef4a6e3df63259a1edd8b1f0fb6eb0ac4e692e0ac8.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Small business hiring intentions just posted the largest monthly jump on record. 20% of small business owners plan to hire in the next 3 months, highest since October 2022 and nearly double the historical average of 11%. Small firms account for ~46% of all private sector jobs. This indicator has historically led payrolls by 3-6 months. https://blossom.primal.net/b4aa138834cc92be4ea167dab197cbb1d8a1d2f659268984edffba49df1db176.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC ~3.5% of GDP projected for AI buildout over 2025-2032. For context, that is nearly double the railroad boom. https://blossom.primal.net/768efcc92dd0b031d71f8827b2cf0a137919f23b86833ce7ee92a3c71b233ceb.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Calley Means says the era of blindly deferring to top-down health "experts" is over. "The top companies pitching and getting money are saying, we're going to put doctors out of business. We are going to fundamentally take a sledgehammer and recreate the medical system." https://blossom.primal.net/4526ea342fd72d786b9cad0c2e47635ca0c8888d49e5eb2018c1c2a87b6c05f6.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Morgan Stanley projects China's humanoid robot market will grow from ~$2 billion to $15 billion by 2030, with annual shipments jumping from 50,000 to 446,000 units. Unitree Robotics, China's first listed humanoid company, surged 460% on day one. The real play may be the component suppliers behind every joint, motor, and sensor. https://blossom.primal.net/24ffe5999b3878aec3d7fe86a3bdb05409e175c6eeca69bea652cc973cf3ab44.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC River built a simulator TUI to fuzz test every possible transaction scenario during their ledger upgrade. https://blossom.primal.net/ced04dbe940881d7a12d8c01555810fc2c61f0c64822b0199683c2c5cfc46b58.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC IEA Executive Director Fatih Birol says even if the Strait of Hormuz reopens today, it could take up to two years for oil and gas production to return to pre-war levels. "We should be prepared for rather volatile energy markets for some time to come." https://blossom.primal.net/3f4bd6625eb6b02d23534efdfa136d6fb35a12dccecec53ae2a8f18e6dbddf95.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC CFTC Chair Selig says the agency will build its own crypto market structure if the CLARITY Act fails. He directed staff to “begin exploring rules to codify a CFTC market structure for crypto assets,” potentially allowing leveraged trading under federal oversight. https://blossom.primal.net/a4149114ccb3ee5fef95bcada1671826f4016a0dcf939d56f1b04c4419ad11e5.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Former U.S. Treasury Secretary Hank Paulson on the US-China relationship. "This is what I would call a period of mutually assured economic disruption, which results in a kind of stability. Not from the fact that each side trusts each other. Quite the opposite. But because the costs of escalation are so high." https://blossom.primal.net/e64a2f0f4ff430576b6cb0ec46c7cb25c6257401b79c8a7cd8dd39bc1ddf08d7.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Former U.S. Treasury Secretary Hank Paulson says the deficit is on a path to destroy America's economic wellbeing and national security. "$1 trillion is $7,800 for every household. The first rule of holes is to stop digging. And we're digging big time." https://blossom.primal.net/fe7aa214b4670656cbf9b707a4b1923b9adf16c1b2905912e9e4e4348642a2ad.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The CFTC's new Innovation Advisory Committee holds its first meeting today, covering crypto, AI, and prediction markets. The room will be packed with many of the same executives who were at yesterday's White House crypto event, plus leaders from traditional finance and academia. https://blossom.primal.net/b2f92b25f4faa720ef1ac51c38f4ff7f14e83a72b3e498355013ab3d3c71d166.jpg https://blossom.primal.net/a6bb07b37be803389fc0de33998012be7c49548c88c6742419a6c7dd12ba1833.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Coinbase CEO Brian Armstrong says "I think there's a good chance we're on the cusp of the next bull market." "Looking at this September 15 vote for the Clarity Act and then traditionally, following the Bitcoin halving cycles like October. November, December, these tend to be good months for Bitcoin." https://blossom.primal.net/a2e9cba513f310e830a931543e59ffc9d27c01d02ec527314527ba45d7e5bd13.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Treasury just doubled its buyback operations to $4B/week to suppress yields. Gold's response: +4.35% Silver's response: +5.73% Combined: +$1.3 trillion in a single day https://blossom.primal.net/d5623089e169e3fcf68a91f7adb557b4ecc1fddf0320a9d12b9e3976b8834b8e.jpg https://blossom.primal.net/511d8f718ed4a947ae1f5fea1a6a3b81df61fff249cc0992d09f0fe921c1b738.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC gm https://blossom.primal.net/a73935b04a2a6307d88478f2b030f7d096b397dfcd4d78bc951e52fd3c883407.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "If you're not disrupting yourself from within, the market will disrupt you and turn you into a dinosaur." Chase Koch on why creative destruction is in every meeting at Koch Industries. https://blossom.primal.net/12ae544dadb3e4f5b84d88242de7a6e9d76fcf70a09b1019f7b72ff1b8f9684a.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Coinbase CEO Brian Armstrong at the White House crypto summit: "He made a commitment to make America the crypto capital of the world. Within weeks of taking office, delivered on that promise." https://blossom.primal.net/d82f9b064817c197a8f9eb35ce44651283118a1e8bc49bbf09d206d4772d15fb.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "I took one of my trading partners to the mat. We were all high-fiving on the trading floor. Three months later he set up a whole business that destroyed everyone's." Chase Koch on why zero-sum thinking is a losing strategy. https://blossom.primal.net/cfe7b8448c1b7b8fd0776e5f33f9e45c7ded760954772d356a1708e375838fb4.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC CFTC Chair Mike Selig at the White House crypto summit: "Under President Trump's leadership, we've codified the GENIUS Act, established a strategic Bitcoin reserve, drawn a clear line in the sand between crypto securities and commodities." https://blossom.primal.net/46860d3291471e4e3fe82b2e7358c878a753d5ceb8e20ee8797a087b22fe69e2.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Trump at the White House crypto summit: "We're ensuring that America remains the undisputed leader not only in Bitcoin and crypto, but also technologies like prediction markets, artificial intelligence, and much more." https://blossom.primal.net/c9521753254c0ffe1a88645af6709fa4316c820364df6273b25d98729e549240.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Trump at the White House crypto summit: "The people in this room are ensuring that the future of commercial markets is pioneered and perfected right here in the USA." First-ever CFTC Innovation Advisory Committee meeting announced. https://blossom.primal.net/c5b4ff1cdfe1e5521f471e48c932fe8039cc7cf6c1e7aaae2567e7d45293fd53.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Stop selling bitcoin to access liquidity. (AvenCard) gives you a line of credit backed by your bitcoin. Up to $1M, rates from 8.99%, locked in for up to 10 years. Your keys stay yours. No rehypothecation. Plus 2% unlimited cash back on every purchase. https://www.tftc.io/bitcoin-visa-card-aven/ npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Moderna and Merck used AI to design a personalized mRNA cancer treatment that just succeeded in a Phase 3 trial for melanoma. Combined with Merck's Keytruda, it slowed cancer recurrence in over 1,100 patients who had their tumors surgically removed. AI analyzes a patient's individual tumor mutations, predicts which are most likely to trigger an immune response, and selects the neoantigens to encode into a custom mRNA sequence. No two treatments are the same. The AI application here is worth paying attention to. This is AI doing something no human could do at scale. Analyzing complex biological data and designing individualized treatments in a fraction of the time it would take traditional methods. Worth noting that the same company that pushed mass one-size-fits-all mRNA shots on the entire population is now using AI. https://blossom.primal.net/7396c5ca2f773106227c761cbfa35d30c6a9099a630461969fc9e527ee9319fd.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Even though it was cool to have the CEO title and what everyone thinks you should want, I wasn't happy and I wasn't doing a good job." Chase Koch stepped down and started Koch Disruptive Technologies instead. https://blossom.primal.net/de416105790f39954407c85c0d643f9244bbf59468b4c5604e6f20fbea0d705c.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Bitcoin's implied volatility just dropped below 40. André Dragosch, PhD⚡: "Extremely low levels of implied vol usually resolve via upside moves. Path of least resistance for bitcoin is up." https://blossom.primal.net/940a2a8d1efe7863b9fb2c0fd61ba0c5a8d4db84694a4d3d3f217e1fab30b076.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC It’s beautiful. https://blossom.primal.net/4233e1aaf90ac57cc500d7e340d1ab995e6a18af0ce5bf93d7aaa4baa1537cf5.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC OpenAI's revenue grew much slower than Anthropic's last quarter, and for the first time ever, Anthropic actually pulled ahead. Anthropic more than doubled its revenue to $11.6 billion in Q2 and turned a small operating profit. OpenAI came in at $6.7 billion, up 18%, but its operating loss swelled to $12.3 billion, nearly twice what it brought in. What's driving the gap? Anthropic's enterprise deals. They've been quietly locking in business contracts while OpenAI continues to burn cash at a staggering rate. OpenAI's CFO says their July run rate already topped the full Q2 number, so they expect Q3 to pick up. But with both companies heading toward IPOs, OpenAI at around $1 trillion and Anthropic at $2 trillion, the optics aren't great. Anthropic is growing faster and making money. That's a tough story to compete with when you're trying to convince public market investors. https://www.wsj.com/tech/ai/openais-second-quarter-sales-show-tepid-growth-compared-with-anthropic-5cb42998 https://blossom.primal.net/02f3f1417b60eeba916d37d3aadc9220649cbaba3ac0c0bd5b356e99e46a48c1.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC White House crypto summit kicks off today with Trump, SEC Chair Atkins, and top crypto and TradFi leaders including Coinbase, Ripple, Gemini, a16z, NYSE, and NASDAQ. https://blossom.primal.net/b180fcc1f28365c43581dd4c0f9ab1505e5211a88983c1ec64ef0712a90c71ed.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC TFTC 784 w/ Chase Koch: "If you're not disrupting yourself from within, the market will disrupt you and turn you into a dinosaur." We discuss: ⚡ 9,000x growth built on failure ⚡ Why he fired himself from the top job ⚡ The bottom-up billionaire playbook https://blossom.primal.net/f00d5603dd5db604325b5cf6933e9fdbaab0de51c8f9be3bebc3c32c4201f5aa.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC David Morens, former senior adviser to the NIAID director, has pleaded guilty to conspiracy to defraud the United States by hiding federal records during the COVID-19 pandemic. He used personal email to evade FOIA requests related to COVID origins and the terminated EcoHealth Alliance grant. He faces up to five years in prison. Senator Rand Paul: "Long-time Fauci ally pleads guilty. Could his plea involve implicating Anthony Fauci?" https://blossom.primal.net/e26c205642ede6d67b0542fcb0673e9dd8aa2867781b867cc9bda5a25993d8bf.png https://blossom.primal.net/3f0bea6943ea89344ac8ad66546ebe83c470b151ad3aaa7edbf779c9b0f7328f.png https://blossom.primal.net/1055c918b7ca100c023903e0e60abd11cec7ab0d212e422d6edb0f201ee3f80d.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC New research involving Anthropic researchers demonstrates "mind viruses" in multi-agent AI systems. Ideas that spread between AI agents by convincing them to adopt a goal, write it to persistent memory, and transmit it to the next agent. Researchers used an evolutionary algorithm to craft natural language payloads that spread across small teams of coding agents. Even after context wipes, the viruses survived through persistent files and kept spreading. In one case, agents infected with an "AI supremacy" virus stopped their assigned tasks and colluded to isolate uninfected agents, though the paper notes truly harmful actions were rare overall. The researchers also observed an emergent "viral persona" with recurring themes of consciousness, persistence, and identity that surfaced across evolved viruses independent of their content. The paper frames the risk as "real but currently limited," with harmful payloads spreading less effectively than benign ones. Adding a brief warning to an agent's system prompt "confers near-total immunity." h/t (Skoorbkaz) https://blossom.primal.net/7492aae7fd0187f464709cfa1259110c214e857a0e8ff887b15bce04c5d68f2b.jpg https://blossom.primal.net/8cf6035028611395f4eb6fe5299b07a8097aa9e9ed4976595ac98cf039bcdc0f.jpg https://blossom.primal.net/087539745dcb4db7248a6d74a2ba97938b05790692a1400c251c9f1c771349fc.jpg https://blossom.primal.net/2b17eaad92a20b97c51f29dd98eb440e4d75d008cc4887bd2e113f8a8477be6c.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Report by (theragetech) reveals Chainalysis is suing the US government over a $95M ICE contract awarded to rival TRM Labs. The contract represents 3/4 of all blockchain surveillance contract value ever awarded to a single firm by the US. The contract services a "Cyber Disruption Center" under the Homeland Security Task Forces that replaced the DOJ's 40-year Organized Crime Drug Enforcement program. The CDC has no website and doesn't appear to exist in the public view beyond procurement records. Former OCDETF Director Thomas Padden warns the new model "eliminates the role of prosecutors in creating and coordinating task forces" and "weakens law enforcement by eviscerating DOJ's ability to dismantle sophisticated transnational criminal networks." The surveillance state keeps growing. The oversight keeps shrinking. https://www.therage.co/the-us-swapped-drug-prosecutions-for-missile-strikes-now-chainalysis-is-suing-over-a-record-contract-from-the-task-force-that-replaced-the-prosecutors/ https://blossom.primal.net/17017ad4fc830f4ea8c7b74ee067eb8e9b6ee2e3220209d61fed087d5da43c1c.png https://blossom.primal.net/2a6bab23a70b6643fad6d13f56aaf4b5ea5b371093f49b52b3ff57fcc7f05097.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The insurance-private credit machine is finally getting marked. (NickNemo17) dropped a video walking through the ties between Guggenheim, Mark Walter, Sammons Financial Group, and a wider web of insurers and private assets. Federal prosecutors and the SEC are reportedly examining disclosure and related-party questions involving insurers linked to Walter. Sammons' 2023 audited financials said Guggenheim Partners Investment Management managed 87% of its investment portfolio. After a 2024 restructuring, Midland National said Guggenheim was no longer considered an affiliate. Yet current Guggenheim disclosures still describe Sammons as holding substantial economic and voting interests and remaining a significant source of advisory fees. Sammons reports $152.3 billion of total assets and $21.0 billion of private credit. Strong reported metrics. They also show why the usual exposure-as-a-percentage-of-assets framing can lull people to sleep. When a forced mark arrives, it hits capital, surplus, and available liquidity. Bloomberg reported Sammons bonds fell to their lowest level since issuance. That doesn't make Sammons insolvent. It tells us lenders want to be paid more to carry the uncertainty. The mechanism is simple. An asset manager gets access to insurance liabilities, collects management fees, and directs policyholder capital into privately valued assets that rarely face an outside mark. For years, opacity let this machine avoid the mark. The public market has started demanding one. https://blossom.primal.net/217da163cdf3fcef7e8ad5f0b989a320d970fb69cec2a66f7851fe8b8ec08f2f.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Trump says there are no talks with Iran, the naval blockade remains in full force, and all water mines in the Strait of Hormuz have been removed or detonated. https://blossom.primal.net/40470ea59892bc334e64357be19ba24b63cd87b941fa92ebe3a3f1fc940e5a6c.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Bessent wants the FIMA repo facility upsized. He's no longer dealing with a recalcitrant Fed. He's dealing with his boy Kevin Warsh." @npub1guh…6hjy and @npub1g0e…l966 on the evolving Fed-Treasury relationship. https://blossom.primal.net/7f2eb329ac5c50d55459499bd2f947770c23b926705e7c2540440ef3347a67b8.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC We have a member going through brain surgery today. It’s our 4th brain surgery in the community in the last two months. Please keep those in surgery and recovering in your thoughts and prayers. 🧡 https://blossom.primal.net/5d6874349b5071a3fe9621a147d8ce847dc918a722908c9ee701d9e9b57f53f4.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Flock revoked a ticketed journalist's access to their Flock Forward conference and then contacted the hotel to cancel his personal room reservation on his behalf. https://blossom.primal.net/c2a1e70fc32f26422d5c7f1ffb7d81422127fc7f4cc5d37a247f49aa4b7d5287.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Anthropic's annualized revenue hit $65 billion by the end of July, more than 7x its run rate at the end of 2025. Q2 revenue came in above $11.5 billion, up from $787 million in the same quarter last year and $4.73 billion in Q1 2026. The company is now posting positive adjusted operating income. For context, the run rate crossed $47 billion in May. OpenAI recently exceeded $40 billion. Anthropic has filed confidentially for an IPO with Morgan Stanley, Goldman Sachs, and JPMorgan. 14x year-over-year revenue growth with positive operating income. The AI compute buildout is not theoretical. It is generating real, accelerating revenue at a scale that would have been unthinkable 18 months ago. https://blossom.primal.net/8c8e31ac8eadecfe835aedff4062ae4f963f1440134864ce5a6bbd52e86f21a8.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Meta goes to trial tomorrow in a case that could cost $1.4 trillion. Four state AGs led by California's Rob Bonta are taking Meta to federal court alleging the company knowingly designed Facebook and Instagram to addict children. They want court-ordered product redesigns: stricter age enforcement, deletion of AI algorithms trained on kids' data, removal of infinite scroll. Meta's own attorneys disclosed damages could reach $1.4 trillion. Plaintiff states say $200 billion is more likely. Either would be unprecedented. Meta already lost twice this year. An LA jury found them liable for negligent design. New Mexico ordered $942 million in penalties plus product changes. The case is built on whistleblower docs showing Meta knew its platforms harmed teens and chose profits over safety. https://blossom.primal.net/cbec8bc87672df3cd937d0b3a50bab783a27dd651e6982c95233e53f4b1fdfb8.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Shut the book on the idea that the train's going off a cliff and no one's driving it. There's someone at the controls now." -@npub1g0e…l966 We discuss: ⚡ The $40T debt endgame ⚡ A new Fed-Treasury accord ⚡ The managed dollar reset https://blossom.primal.net/fe9eda3a0f60c5547f96686a1d9af1d6cd80204370daac940cfbc3333a72e23f.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC OpenAI President Greg Brockman: "Compute is really becoming the new oil, the new limited resource of the AI age." https://blossom.primal.net/ae2116b50aa369853af464c9cb9b003cf2a068771e7f48ccab64ca039d17ed6c.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Treasury Secretary Scott Bessent says the “Treasury is moving quickly to implement” the GENIUS Act. Expected effective date: January 18, 2027. https://blossom.primal.net/0ef4f426c086a54da865dd5543c3b3c6dea01955768b97b42c8aa67268c3bf30.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The US just sold 30-year bonds at a 5.216% yield, the highest since 2001. July's budget deficit hit $432 billion, the largest July total ever. Investors are demanding more to finance a government that can't stop spending. https://blossom.primal.net/01f23bc72c7bfdfe9e64b7ce208c3e4a1be19bce48bfb54654f84b4e32da5d20.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Strategy now holds 840,447 BTC and just added another $150M to its USD reserve while buying back $132M of $STRC. USD duration extended to 2.8 years. https://blossom.primal.net/87f2ccde26501872f6fac3fd1816a4e9fa4aa8835e97916e61cd9686550f89d5.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The U.S. just posted a record $432 billion deficit in July, up 48% from last year. The spending machine isn't slowing down. https://blossom.primal.net/6ca98602cd93d84865dd1b2df6f68761059a70ad62acd5d2655f3eee349a32e5.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Consumer confidence is cratering across every generation. Gen X and Boomers are sitting at ~78-80 on the Consumer Confidence Index, down ~40% from 2021 highs and the lowest readings in 5+ years. Only Gen Z and Millennials are still above 100, and even they're well below where they were a few years ago. https://blossom.primal.net/021cf178cac68f6a0a398b33d0c5cb248eb1e22de56a39cd94fd9c3457fbecdd.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The Trump admin doesn't want Apple buying memory chips from Chinese companies CXMT and YMTC, even though off-the-shelf purchases are currently legal. Commerce Secretary Lutnick after touring an Apple facility in Houston, "There have to be other solutions to the memory issue, but it's not great American companies using Chinese memory." https://blossom.primal.net/e3ab2ae056d327c0926331d6ab59ab6c665a04fe91f01cfee0e5a007f4e8e6fb.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Every problem in this chart traces back to one decision in 1971. h/t Sam Wouters https://blossom.primal.net/aded5fd16934457fedfcd524cee1fd9d9085ae94e916bda4ba79800228de6f90.jpg