SPYderSense

$COIN I feel so strongly that agentic workflows will redesign how consumers interact with the world that I’d rather lose money betting on the wrong horse than sit out the transformation.

$COIN comments from JPM TMT today- 1. Clarity Act Passes Senate Banking Committee on Bipartisan Basis; Expected Signed into Law This Summer, 2. "Everything Exchange" Strategy Diversifies Revenue Away from Crypto Spot Cyclicality, 3. Prediction Markets Hit $100M Annualized Revenue in Month Two; Retail Derivatives at $200M Annualized in Q1, 4. Derivatives Expansion Is a Top Near-Term Priority; Deribit Integration on Track for Year-End, 5. USDC Is Far More Than Payments: It Is a Collateral, Trading, and Settlement Asset, 6. Hyperliquid Partnership Reinforces USDC Network Effects; On-Platform Balances to Grow, 7. x402 Protocol Processed 100M Payments in Three Months; Amazon Joined as Newest Partner, 8. Stablecoins Are the Natural Payment Rail for AI Agents Due to Micropayments and Programmability, 9. Tokenization Unlock Is Directly Tied to the Clarity Act; Full Stack Already in Place, 10. Base Chain Roadmap Includes a Privacy Layer and a Future Base Token; Base App Targets 100+ Country Expansion

AI bears in absolute shambles today

“55 points 55 rebounds 55 blocks 55 assists 55 steals”

Being 43 is wild. People your age are living completely different lives. Some are grandparents. Some are raising toddlers. Some are newly divorced. Some are newly engaged. Some haven’t slept in three years. Some are in St. Tropez posting Aperol spritzes from a yacht. Some look 25. Some look like they personally remember the invention of Tupperware. Nobody got the same assignment.

The brightest star in the league is a 7-foot-4 Avenger who does postgame press conferences like a philosopher, professes his love for the game whenever he can, goes all out for his teammates and talks recklessly to opponents like 97 Rodman. I mean, this is incredible.

@choffstein @bennpeifert Spot on

I don't understand the grave dancing on QVR's downfall. It's tough to build any business and sad to watch a few bad months sink 5+ years of hard work. I hope everyone there lands on their feet. I really don't get the pile-on against @bennpeifert personally. He's contributed tons of education to the discourse on options/volatility on this hellsite. You can dislike his politics/personal choices without cheering his downfall.

First poster for ‘EAST OF EDEN’, starring Florence Pugh. The series follows the intertwined destinies of the Trask and Hamilton families in California's Salinas Valley. Releasing this Fall on Netflix.

Anthony Edwards: “Wemby is going crazy…PLEASE somebody help me!” Rudy Gobert and and Julius Randle:

Underrated truth: You'd make more money if you were delusionally confident, there is no better way

“I helped a man climb a mountain and found that I too had reached the top.” — Unknown

Have you considered the possibility that it’s not a bubble and the world is indeed changing at a pace humanity has never seen before, anon.

Wait, you’re telling me one of our modern Great Horror Directors exists because the Emoji Movie gave him an existential crisis???

@signulll Banger 👌👌👌

a founder has three jobs. everything else is serious amounts of noise. 1. you have to tell the story. roughly in three registers. first investors need inevitability. customers need to *feel* what you do/stand for. & your team needs a mission worth their best years. 2. you must secure the capital before you need it. running out of money is running out of options. you have to be relentless about it. 3. you must obsess over the product. product is the story made accessible for everyone. every shipped detail is a sentence back into the narrative in point number one. this is the entire job. everything else you either delegate or kill. early on with a really small team, delegation is a huge tax so you have to learn to kill more than you delegate.

Women under 30 when it comes to using the words “overstimulated” and “gaslighting”

SF bro: "hey man, got any available GPUs?" NYC broz:

No matter how good you are, the wrong room will never see your value

Clarity Act is now poised to accelerate the “Bretton Woods 3.0” framework that I’ve talked about. The yield “ban” is cosmetic & simply something for banks to tout as a victory. It bans stablecoins from paying you interest for just holding them: the way a savings account does. But it explicitly allows stablecoins to pay you rewards for using them: buying things, lending, providing liquidity, participating in any program.. Now consider that those rewards can be calculated based on how much you hold & for how long. I think that’s what we just call interest, but it will now be rebranded under a new name. So, the implications: - The fact that there is now a carve-out for stablecoin yield will accelerate the Bretton Woods 3.0 system. If the ban had been real (no yield in any form) there’s no reason for anyone to hold stablecoins over a bank account. Stablecoin adoption would flatline (especially in Developed Markets) & Bessent’s $3.7T target would be hard to achieve. This carve out keeps the incentive to hold stablecoins, which keeps the growth flywheel spinning. - CBDCs can’t compete. No central bank would design its digital currency to pay activity based rewards calculated by balance & duration (too close to monetary policy). However, dollar stablecoins can. So in every market where a CBDC competes against a $ stablecoin, the dollar product is economically superior. The Clarity Act now guarantees that advantage persists. - The dollar now goes global without permission. The new text allows platforms to pay incentives for payments, remittances, & settlement activity using stablecoins. That’s a subsidy for global dollar adoption funded by private companies (not taxpayers). Meanwhile, increasing Treasury demand in the background. For example, a Filipino worker now gets a rebate for sending remittances in USDC. There’s an additional incentive for him to now transact in stablecoins, which, unbeknownst to him, purchases American debt behind the scenes. A win-win for global stablecoin users & the American economy (fiscal situation). The compromise looks like a ban. But it’s actually a growth mandate. As I’ve stated, the US government needs stablecoins to scale because it needs someone to buy its debt. Bretton Woods 3.0

Journalist: King Charles will be in New York. What will you say to him? Mamdani: I would highly encourage him to return the Kohinoor Diamond if I were to speak with him

Today’s Supreme Court decision effectively guts a key pillar of the Voting Rights Act, freeing state legislatures to gerrymander legislative districts to systematically dilute and weaken the voting power of racial minorities - so long as they do it under the guise of “partisanship” rather than explicit “racial bias.” And it serves as just one more example of how a majority of the current Court seems intent on abandoning its vital role in ensuring equal participation in our democracy and protecting the rights of minority groups against majority overreach. The good news is that such setbacks can be overcome. But that will only happen if citizens across the country who cherish our democratic ideals continue to mobilize and vote in record numbers - not just in the upcoming midterms or in high profile races, but in every election and every level.