$24,000,000,000,000 IN US BANKING ASSETS IS WATCHING ONE CEO LOSE HIS COMPOSURE.
🇺🇸 JPMorgan CEO Jamie Dimon today:
"He's full of shit."
"If he wants to be a bank, be a bank."
"We'll fight it. If we lose, we lose, and we'll live."
The target: Coinbase CEO Brian Armstrong.
The fight: CLARITY Act stablecoin yield rules.
The Senate Banking Committee already advanced it 15-9.
The largest US bank just confirmed publicly: they're losing the framework war.
Trillions follow the rules.
The rules just got written without them.
ChatGPT had 80% of global AI users six months ago. Today it’s 60%. Consumer AI is no longer a one-horse race. Here’s a break down.
In that time, Gemini grew from ~20% to ~50% of ChatGPT's unique users.
Claude grew from ~3% to ~20%.
In fact, Claude is the fastest growing website in the top 100 last quarter, followed by DeepSeek (#78, 105%) and Cricbuzz (#52, +69%).
Global website rankings:
– ChatGPT #5 (+11%QoQ)
– Gemini #15 (+27% QoQ)
– Claude #36 (+255% QoQ)
Active users:
Gemini has publicly reported 900M monthly active users and ChatGPT as 900M weekly active users. This number counts native desktop and mobile, so I (naively) use a multiple to scale up web traffic from SimilarWeb. This implies:
— ChatGPT: ~900M WAU, ~1.5B MAU
— Gemini: ~500M WAU, 900M MAU
— Claude: ~150-200M WAU, ~250-300M MAU
Geographically, Gemini has significantly caught up in non-English speaking countries, with 65-70% of ChatGPT in India, Brazil, Japan, Indonesia, Korea and Vietnam while Claude in particular ironically shows remarkable growth in China (!).
VCs often ask startups "What if Google decided to do this?" and usually it's the wrong question. But when Google does indeed decide to put the full force of a company behind something, they're formidable.
This market is starting to look a lot less "winner takes all" and a lot more like cloud market (AWS/Azure/GCP) or wireless market (Verizon/AT&T/T-Mobile) with 3 dominant players: a triopoly.
A new daily candle has closed below the resistance trendline, confirming that price has returned into the bear flag.
The primary area of interest right now is $79.3k. If price holds above this level, we’re likely to retest the local highs around $82.7k.