@nosleepjon

Very weird, competing announcements from Coinbase and Circle. Neither mention each other in their blogs. Both claim to be the AQA deployers. Also confused how Coinbase will share yield with Hyperliquid, why Circle would allow it, and why Circle didn't just buy USDH themselves. https://t.co/gapBqwmMye

Nam is one of the most underrated thinkers in interoperability research. Always worth the read.

Think NVDA has ironically become a good hedge against any semis pullback. Everyone has been using it as the short leg (see BTC in ALT/BTC pair trade). Also, Jensen has been sandbagging margins to allow the rest of the ecosystem to grow. 40% room to raise pricing… https://t.co/wu6tFOmLvt

When I see a bubble forming, I rush in to buy beta, adding fuel to my underperformance.

Stuff I think is interesting this week: - Total hyperscaler vindication, showing returns on capex, show goes on - AMZN looks and feels like GOOG August 2025, Trainium raising margins - Every hyperscaler ramping their custom chip programs, does that fragmentation benefit Nvidia? - Stripe continuing to absorb crypto into its vertical stack. Consumer offering growing. They have to be considering launching a flagship consumer stablecoin to compete with Circle/Tether at this point - White label stablecoins going through the modular rollup cycle right now, lots of long tail stables that won’t be here long. Power law still applies - IBKR opening Korea trading reminds me of bridging to new L1. Usually better off riding the native token (EWY/index) than trying to pick the right ecosystem coins - OpenAI, Anthropic, and Gemini take turns leading the narrative every few months, feel like Gemini is due soon (no evidence, just vibes) - ChatGPT app haptics underrated, very satisfying feeling the answer load in