Jason

New: Lots of crypto-side worry rn over the proposed stablecoin yield compromise on market structure. But the new language would allow for yield on staked stablecoins, two sources tell me--a potentially significant win for crypto. Staking could be an easy, passive way for crypto users to earn yield on their stablecoins. The real question becomes whether such an allowance would trigger outrage from the banking lobby, which might view staking rewards as too much of a threat to their business. Banking is reviewing the compromise language today on Capitol Hill. "The banking industry would be crazy to accept that as any sort of compromise," another source, who has been closely following the negotiations, told me.

We believe security needs to be open and agent-centric. 𝐋𝐚𝐤𝐞𝐰𝐚𝐭𝐜𝐡 is built directly on the open data lakehouse pattern. By bringing agentic automation directly to where your open data already lives, we're automating the heavy lifting in the Security Operations Center. As a result, you keep ownership of your data, your agents can operate on absolutely everything, and you get it done in a architecturally cost efficient way. databricks.com/blog/databrick…

$TSLA

This is notable news from Bloomberg given Apollo's standing in private credit: "Apollo Global Management Inc. is curbing redemptions from one of its largest non-traded private credit funds for retail investors, becoming the latest alternative asset manager to grapple with a surge in such requests. The $25 billion business development company, Apollo Debt Solutions, capped withdrawals at 5% of outstanding shares Monday after clients sought to redeem 11.2%." #economy #markets #privatecredit

Incorrect: Gemini DeepThink is in the same class. It is more limited by the thinking budget, but I have to use both to get best results. Yesterday on one of the problems DT produced a much better solution - GPT-5.4 Pro agreed! “Your friend’s version is better” :-) chatgpt.com/s/t_69c193e012…

🇺🇸 BREAKING: U.S. pauses Iran strikes for 5 days as 'productive' talks signal potential de-escalation in the Middle East

“Twenty-nine contracts were signed last week in Manhattan at $4 million and above, 3 more than the previous week. Condos outsold co-ops, 21-7, with 1 townhouse in the mix. Stat Geek Alert: For perspective, the total of 29 contracts is 2 fewer than the same week last year. So far, the Manhattan luxury market has shown stability in the face of formidable headwinds: war, a roiling stock market, and stubbornly high mortgage rates.” -Olshan Realty $TOL $DOUG

VIDEO EXPLAINER: Trump has given Iran an ultimatum — reopen the Strait of Hormuz by Monday mid-afternoon (Washington time) or else be attacked. With the clock fast ticking, I’m re-publishing my recent @Opinion map explainer of Hormuz and the oil routes.

Just reminded me I hit a audiobook listening limit on $SPOT

is the future value of "open source" code anymore? i believe it's shifting to data, provenance, protocols, evals, and weights. in that order.

USDC just hit a 52-week high in daily transactions. $39.05M processed in a single day. That's +359.1% from where it was a year ago. 📈 🔹 Stablecoin demand isn't slowing down 🔹 USDC is winning back market share after the 2023 depeg scare 🔹 On-chain dollar settlement is becoming infrastructure, not a crypto niche data via @artemis

Smart, bigger companies will enable their employees to create and use agents (within security guardrails ), improve their productively but MOST IMPORTANTLY, they will reduce their work day by an hour to start. Same pay. Reward people doing the daily with more time. I get WFH kind of dilutes that. But it’s a step that sets the tone in a company.

OpenAI plans to almost double its headcount by the end of 2026 as it seeks to fend off competition from companies such as Anthropic and Google, according to the Financial Times bloomberg.com/news/articles/…

Caught up with @karpathy for a new @NoPriorsPod: on the phase shift in engineering, AI psychosis, claws, AutoResearch, the opportunity for a SETI-at-Home like movement in AI, the model landscape, and second order effects 02:55 - What Capability Limits Remain? 06:15 - What Mastery of Coding Agents Looks Like 11:16 - Second Order Effects of Coding Agents 15:51 - Why AutoResearch 22:45 - Relevant Skills in the AI Era 28:25 - Model Speciation 32:30 - Collaboration Surfaces for Humans and AI 37:28 - Analysis of Jobs Market Data 48:25 - Open vs. Closed Source Models 53:51 - Autonomous Robotics and Atoms 1:00:59 - MicroGPT and Agentic Education 1:05:40 - End Thoughts

Billboard reports on the FIRST EVER criminal streaming fraud case where a North Carolina musician who used AI to make songs then streamed the songs billions of times himself & made $8M 😳

WATCH: Anduril Industries will begin building its new FURY high-speed combat drones in the coming days at a new facility in Ohio, as the US military's interest in unmanned aircraft surges following battlefield successes in Ukraine and Iran reut.rs/47bWMC4

Kratos wins $446 million Space Force contract for missile-tracking ground systems spacenews.com/kratos-wins-44…

How are nuclear companies doing over the past few weeks compared to the rest of the market? Well, it's a mixed bag... $CCJ $BWXT $MIR $GHM $OKLO $SMR $NNE $NKLR $IMSR $GIG $HDRN $LEU $SILXY $LTBR $URA $NLR $NUKZ

This is only $40 billion of a previously announced $100 billion commitment from Japan for GE Vernova $GEV BWRX-300s. More to come? Apparently we're going to hear about @gvhnuclear's Tennessee and Alabama projects today 🤘