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I bought $Agrippa thinking I’d make a quick flip and move on. I wasn’t expecting much from it. Then @finkd followed the token’s account, and this shit just wouldn’t stop going up. I sold the whole bag into that move and walked away with $239K in profit. Crypto is fucking ridiculous.

America must continue to lead.

THE BLOCK: Uniswap founder Hayden Adams argued AMMs could become a dominant market-making model as tokenization enables assets to trade in correlated pairs, reducing liquidity providers' inventory risk. He cited $33 million in volume across 10 tokenized stock pools trading against SPY on Robinhood Chain in their first 12 days.

believe the simplest one liner to explain the evolution of on-chain coins this cycle is last cycle we had pepes, this cycle we have pepes armed with ai memecoins are great at community formation & bootstrapping attention, teams will then build cool mechanisms on top

THE BLOCK: Tom Lee's Bitmine $BMNR said it acquired 9,926 ethereum:native last week, bringing its total holdings to 5.82 million ETH. The company also repurchased 1.7 million shares, bringing cumulative buybacks since July 1 to more than 20.8 million shares.

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Robinhood chain coins are getting obliterated across the board. However, Robinhood chain NFTs are flying right now.

Critics see Nvidia's plan to finance the AI buildout as circular: help customers finance GPUs, then sell them Nvidia GPUs. David Sacks says that misses what Jensen Huang is actually building, and why he thinks it's brilliant: "Let me tell you what's so brilliant about what Jensen did here. The numbers are getting so big that the TAM is getting constrained by the ability to finance this buildout. And what he's doing is alleviating that finance constraint so that he can grow as big as the TAM actually is. Just to take one example. Elon wants to add somewhere around six to eight gigawatts next year. We know that would cost three to four hundred billion of capex. The company just raised a hundred billion in its equity and debt offerings. So obviously they'd have to go finance the rest somehow. And the simplest way would be seller financing from Nvidia, especially given the payback period could be as quick as one year. So now Jensen is creating the line of credit, using these big banks, using these big private equity shops, and he's making that available to all these downstream purchasers. I don't think it's circular. This is not a circular situation like Gurley's worried about. This is Wall Street banks and private equity firms providing financing based on the expected cash flows that will be delivered from these GPUs." Gavin Baker: "In some ways, Nvidia is kind of becoming the central bank of AI. The Federal Reserve of AI. And in the same way a lot of monetary policy works through private banks, here you have private markets charging fees, underwriting these deals, and Nvidia helping to facilitate that. So I don't think it's really circular financing." Sacks: "For that to work, Nvidia has to standardize. They have to create reference designs so it's standardized enough for these Wall Street guys to package it up and securitize it, turn it into securities. That's basically what they're doing. Like with mortgages."

We’ve written an FAQ to answer some of the questions we've received about watermarking. In summary: • We’re implementing watermarking to comply with the EU AI Act. Other major model developers have signed the same Code of Practice and will also be implementing watermarking; • Our watermarking method doesn’t have any practical impact on the quality or content of Claude’s outputs; • The difference between watermarked and un-watermarked text will not be distinguishable to readers; • Nothing is added to the text and there are no hidden characters; • Watermarking doesn’t require extra tokens, and will not be more expensive; • Watermarks can’t be traced to a specific person, organization, or chat. Read more: anthropic.com/news/claude-te…

60% of Gen-Zers and millennials reported moving back home in the past two years, per Bloomberg.