VirtuallBacon @iVirtualBacon

I'm a Crypto angel investor since 2017 having invested in 100+ startups. Many failures, few unicorns. Follow me for👇 Narratives and Guides: youtube.com/virtualbacon0x Trading Alpha: t.me/vb_trade Community: virtualbacon.com

Forget which AI stock you should have bought. The real question is whether AI is still the better bet than Bitcoin from here. I don't think it is. The whole market is the AI trade now, with no clean entry left. Bitcoin, beaten down here, is the cheaper risk-on bet.

If you're all in the NASDAQ, you're all in AI already. By actual weight, 60 to 70 percent of the index is AI companies now. I broke down what that means and why I want an exit plan ready before the Anthropic and OpenAI IPOs.

RWA is an equities play, not a token play. I'd rather own the provider's equity than its token. The real picks and shovels here are already public companies.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Trump signed proclamations imposing 50% tariffs on Canadian goods from wine to hockey sticks to cement, taking effect in 30 days. The move reopens the North American trade war and risks stoking US inflation. #Markets 🔸 AMD is shipping Helios, its first rack-scale AI system and its first real rival to Nvidia, with Microsoft now signed on as a customer. AMD shares rose more than 4% on Monday. #AMD 🔸 JPMorgan CEO Jamie Dimon said he wouldn't buy stocks or Treasurys at these prices, warning markets underestimate risks from wars, US-China tensions and swelling deficits. A rare caution flag from Wall Street. 🔸 Alphabet rose 1.51% after The Information reported Google is building a custom AI chip, Frozen v2, designed to run Gemini 6 to 10 times more efficiently per watt than its current TPUs, targeted for 2028. 🔸 France's gambling regulator ordered internet providers to block Polymarket, treating the prediction market as illegal gambling after 578,751 French visits in June. France joins more than 30 jurisdictions restricting it. 🔸 Hut 8 shares jumped as much as 17% after signing a $9.8B, 15-year lease for the second phase of its Beacon Point AI data center in Texas. Fellow miner IREN surged 19% on $2.8B in new AI cloud contracts. 🪙Crypto Updates: 🔸 Michael Saylor's Strategy sold $263.5M of MSTR stock last week and bought no bitcoin, lifting its cash reserve to $3.225B against an unchanged 843,775 BTC. Bitcoin's biggest corporate buyer paused its buying. #Bitcoin 🔸 The CLARITY Act crypto market bill moved closer to a Senate vote after reports Trump agreed to an ethics deal, lifting Polymarket odds of 2026 passage by 11 points. No bill text has appeared yet. #CLARITYAct 🔸 The UK Parliament's cross-party crypto group opened an inquiry into banks refusing crypto firms accounts and blocking their payments, the UK front of the debanking fight known as Operation Chokepoint 2.0. 🔸 Grayscale filed for the first US spot Worldcoin ETF, seeking a Nasdaq listing under GWLD. WLD, the World Network token, jumped nearly 8% to around $0.38, its first US exchange-traded fund. #Crypto 🔸 Tom Lee's Bitmine, the largest ETH treasury firm, bought just 7,430 ether last week while spending $86M to buy back 5.5M shares at $15.62, leaving it with about 4.8% of the ether supply. 🔸 BlackRock CEO Larry Fink told CNBC the leverage washout that crashed crypto is over and bitcoin now shows more stability, after a selloff that erased roughly $2 trillion from the market this year.

You don't have to invest in AI to win from it. But using it as a chatbot isn't really using it. Run an agent harness like Claude Code, and a few hundred a month quietly does the work of several people.

The tell is who's lobbying for the rules. Cheap open models, Chinese or not, commoditize the frontier and squeeze the incumbents' margins. Calling that a security risk is how you regulate your competition.

zerohedge @zerohedge

5 days ago

OpenAI and Anthropic execs sounded the alarm about the rise of cheap AI, particularly from China, suggesting they will lead to a “dystopian” AI future and present unacceptable security risks if no regulation. WSJ Translation: our $2 TN in contingent payments will not get paid

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prediction markets are just gambling with a nicer label. best business in all of finance, by the way.

Ethereum's real problem was never the tech, it's that almost nobody uses the mainnet anymore. Everyone lives on L2s and the base layer sits mostly empty. Making the L1 lean and scaling it directly is the fix, and it's years overdue.

Philly Semi keeps tagging the 20 percent bear line, down about 19 percent from its June high, then bouncing. That's not the AI trade rolling over. The line I watch is the Nasdaq 100's 50 week band, nowhere near breaking. memory pain is one subsector, not the sector.

oh my AI god

LONG BTC SHORT HYPE

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Alibaba unveiled Qwen3.8, a 2.4-trillion-parameter open-weight model it claims trails only Anthropic's Fable 5, with a preview build already live across its developer tools, escalating the US-China AI race. #AI 🔸 Hawkish Fed voices led by Cleveland's Beth Hammack now argue rates may need to RISE to curb inflation ahead of the next FOMC meeting. Futures see about a 15% chance of a July hike, 65% by September. #Fed 🔸 CuspAI launched the AI Materials Foundry, a 45-organization coalition including Nvidia, alongside a $450M Series B led by Kleiner Perkins and NEA that values it at $2.6B, with Jeff Bezos among the backers. #Nvidia 🔸 US consumer sentiment jumped to 54.4 in July's University of Michigan reading, up 9.9% from June's 49.5 and the highest since February, a second straight double-digit monthly gain driven by cheaper gas. 🔸 Moonshot AI moved toward a Hong Kong IPO within six months, telling investors it is wrapping a funding round that could value the three-year-old Chinese AI startup at more than $30 billion. 🔸 ASML lifted 2026 revenue guidance to €43-45 billion and is nearly booked out through 2027. Up about 60% this year to roughly $700B, it sits about $300B from becoming Europe's first trillion-dollar company. 🪙Crypto Updates: 🔸 Cardano activated the van Rossem hard fork, moving mainnet to Protocol Version 11 at the July 18 epoch boundary. Its first governance-driven upgrade cuts Plutus smart-contract costs and preps Ouroboros Leios. #Cardano 🔸 Michael Saylor published an essay titled "110 Reasons BIP 110 Is a Bad Idea," opposing Bitcoin's proposed data-restriction soft fork and warning the "proposed cure is more dangerous than the condition." #Bitcoin 🔸 Hyperliquid said a coming enhancement to its HIP-4 upgrade will allow permissionless deployment of prediction markets. Anyone can launch one by staking 500,000 HYPE, slashable if validators rule it wrongly settled. 🔸 Grayscale filed to amend its ETHE and GSOL trusts to convert ETH and SOL staking rewards into cash distributions at least quarterly, paying holders in cash rather than tokens after fees. 🔸 US regulators missed the GENIUS Act's one-year rulemaking deadline for final stablecoin rules, a year after the law was signed, issuing proposals but no finals and leaving stablecoin issuers in regulatory limbo. 🔸 SBI Holdings completed its majority acquisition of Holdbuild, parent of Singapore exchange Coinhako, after Monetary Authority of Singapore approval, making Coinhako a consolidated subsidiary as it expands across Asia.

The Clarity Act already passed the House. The catalyst now is a Senate floor vote before the August recess. Biggest thing to happen to alts, but passage isn't a pump. It unlocks the exchange products and the next bull's narratives. It doesn't start one. Bitcoin confirms first.

everyone's either calling the exact bottom or waiting for a lower low today. you get neither. you get a zone and a recovery you have to buy into while it still feels bad

This is the tripwire. Oil ripping is the one thing that reaches the S&P. Brent toward 100 pushes the VIX above 20, and above 20 is when equity risk-off shows up. The market shrugged off everything else. Not this.

The Kobeissi Letter @KobeissiLetter

6 days ago

BREAKING: The average US gas price officially rises back above $4.00 per gallon as the Iran War returns and the “Memorandum of Understanding” collapses.

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Gold just entered a bear market and the bounce everyone is waiting for looks like the trap. My downside targets, and where gold actually gets cheap.

MSTR isn't something I'd DCA. I look at the MSTR/BTC ratio, not the dollar chart, and there are really only two times to buy it: deep capitulation on that ratio, or once Bitcoin's confirmed the bull above the 50 week SMA. Anywhere else, you're better off just holding Bitcoin.

you can buy the rally now, or you can be protected if it rolls over. not both. pick a lane.

the thing that actually compounds is not blowing up. hold a little Bitcoin through everything and let time do the work.