Ryan Weeks

Senior editor at Bloomberg focused on crypto in APAC | Follow me:

[Ryan Weeks @RyanJamesWeeks]

How Eric Trump Became an Ally of One of China’s Biggest Crypto Companies

My latest for @BW. Hardware giant Bitmain has been dogged for years by questions about the security of its mining rigs, but that hasn’t stopped it from seeking a foothold in the US.

https://t.co/34aM1jIpXc

[Ryan Weeks @RyanJamesWeeks]

Three weeks ago Zcash was hailed in the Journal as the next Bitcoin. Today it has shed more than half its value in 24 hours.

https://t.co/Ew1v50hsXO

[Ryan Weeks @RyanJamesWeeks]

Scoop! Jane Street plans to build and finance its own data center as the trading giant scales its operations to keep up with the demand for computing power.

With @KatLeighDoherty, @DavidPan_1 and @dinabass.

https://t.co/DunPvp2rec

[Ryan Weeks @RyanJamesWeeks]

Awesome big take from @aishagani on Revolut's rise from scrappy startup to fintech powerhouse

https://t.co/PLJq4D32Dj

[Bloomberg @business]

Strategy, the largest corporate holder of Bitcoin, sold about $2.5 million of the cryptocurrency, marking its first disposal of the cryptocurrency since 2022 https://t.co/UPG6PCj7hi

[Ryan Weeks @RyanJamesWeeks]

Interesting FT scoop below that seems to be becoming a theme.

In March, we reported that RedotPay's Shenzhen team was relocated to Hong Kong at some point in 2025, after the payments startup's US investors expressed concerns over its location.

https://t.co/aiJG5VixiR

[FT China @ftchina]

Payments group accused of being ‘Chinese backdoor’ moves staff out of China https://t.co/IcL4zrwafu

[Ryan Weeks @RyanJamesWeeks]

@Suvajourno OKX CEO @star_okx reacting to our story here:

“Top talent can build powerful harnesses, workflows, guardrails, and systems that turn AI agents into highly effective digital employees. Bullshitters cannot.”

[Star_OKX @star_okx]

People casually talking about AI now immediately trigger headlines about layoffs. Every restructuring becomes “because of AI.”

The reality is far more nuanced.

The AI era does not reduce the importance of talent — it dramatically increases the importance of top talent for most companies.

Before AI, every successful company was already driven by a relatively small group of top performers: people who understood the nature of things, stayed hungry, and aggressively pushed for outcomes and execution. Top talent defines a company. The speed of a train is determined by the head of the train.

At the same time, there have always been mediocre people inside organizations who do not truly care about outcomes. They focus on impressions, internal politics, process theater, and visibility. This is what Harry Frankfurt described in On Bullshit.

Bullshit is different from lying — and often more dangerous.

A liar still cares about the truth. They know what is true and intentionally try to hide or distort it. A bullshitter does not care whether something is true or false. Their goal is impression management: sounding smart, persuasive, moral, visionary, intellectual, or important.

In the AI era, execution work will move dramatically faster because a large portion of operational work will be handled by AI agents 24/7. This increases the demand for top talent while making bullshitters much harder to hide inside organizations.

AI agents may already possess the equivalent general intelligence of top university graduates — MIT, Stanford, master’s degrees, even PhDs. But they still lack the deep domain knowledge, judgment, context, and operational understanding of a specific company or industry.

Top talent can build powerful harnesses, workflows, guardrails, and systems that turn AI agents into highly effective digital employees.

Bullshitters cannot.

Because they often do not fully understand the work themselves, they cannot properly direct, structure, or validate AI systems. In many cases, they simply use AI to generate more bullshit at greater scale.

AI will dramatically accelerate organizational truth discovery. It will help companies identify high-leverage talent faster — and expose low-leverage bureaucracy much faster too.

It’s not AI that fundamentally changes layoffs. It’s that the AI era fundamentally changes talent requirements.

[Ryan Weeks @RyanJamesWeeks]

Scoop! Crypto exchange OKX began encouraging staffers to use AI tools in their daily routines earlier this year, and plans to formally incorporate how well they’re doing that into upcoming mid-year evaluations, according to people familiar with the matter.

On the terminal now 🖥️

[Ryan Weeks @RyanJamesWeeks]

@Suvajourno Are other crypto firms doing this or something similar? My DMs are open if so!

[Ryan Weeks @RyanJamesWeeks]

The Terminal here displaying its sense of humour

[Ryan Weeks @RyanJamesWeeks]

My OKX scoop featured in Bloomberg’s new AI Today newsletter, which is a must-subscribe.

[Bloomberg @business]

Crypto exchange OKX joins KPMG and other firms changing performance evaluations. https://t.co/elo6B0PO0n

[Ryan Weeks @RyanJamesWeeks]

My feed is 80% randomers congratulating themselves for having spotted HYPE's potential way back in 2008

[Ryan Weeks @RyanJamesWeeks]

The theme of today's newsletter is essentially: Wherever will tokenized stocks pop up next?

It looks at how far they've already come on DeFi venues like Jupiter and HyperLiquid, and wonders what's to come with the SEC planning to liberalize rules around digital securities.

[Bloomberg @business]

Crypto firms behind tokenization efforts are operating under the assumption that favorable regulatory frameworks will be established in due course. https://t.co/OR94mSIb1E

[Ryan Weeks @RyanJamesWeeks]

@mdudas Kate Veatch ditches Globo Gym to join Average Joe’s

[Ryan Weeks @RyanJamesWeeks]

@iam_ein @arthur0x Ah yes I think I've seen this, near Sri Hartamas right? Seems like an absolute no-brainer.

[Ryan Weeks @RyanJamesWeeks]

@arthur0x A more personal grievance is that Mont Kiara, one of the biggest expat hubs in the city, has no MRT station. Baffling!

[Ryan Weeks @RyanJamesWeeks]

@arthur0x Surely the biggest blunder of all is the absence of a high-speed railway linking KL to SG

[Ryan Weeks @RyanJamesWeeks]

Scoop! Commodity trading house Trafigura Group is in talks with Tether about a pilot project focused on facilitating USDT usage at fuel stations in El Salvador.

[Bloomberg @business]

Commodity trading house Trafigura is in talks with Tether about a pilot project to use its stablecoin at fuel stations. https://t.co/oXs5HKwMWF

[Ryan Weeks @RyanJamesWeeks]

Experts think North Korean hackers, which have for years menaced crypto firms, are now using AI tools to plan and execute more sophisticated exploits.

An APAC crypto team special from myself, @Suvajourno and @sidcoins.

[Bloomberg @business]

AI in criminal hands would mark a sharp escalation of the threat facing crypto https://t.co/8crTe6CYOz