Entrepreneur, tech visionary & startup shrink. An arbiter in the world of technology and a relentless challenger against the limitations of the human condition.
Training builds the model. Inference puts it to work.
Every AI response depends on inference, but what actually happens behind the scenes?
Understanding inference is key to understanding the future of AI infrastructure.
A simple breakdown worth watching.👇
https://t.co/DVIABnGeFL
3 million people in Paraguay just had their bank accounts and life savings VANISH.
The President of Paraguay abruptly resigned days after.
This is developing into the wildest banking collapse story this decade, and it is a WARNING for everyone in North America 🧵
@Binance lost $6.3B in about 20 minutes on 29 Oct, across ten chains. The largest crypto hack on record, 4x Bybit.
The likely cause: compromised hot wallet signing, not a single bad key.
$2.7B has been frozen. $2.4B in ETH, BTC, XRP and TRX can't be.
https://t.co/7AtsHxEoyf
#Binance #CryptoSecurity
Mistral released open weights for a 1T-parameter model and cut its API prices in half.
Frontier-scale open models need compute anyone can reach. That favours decentralized networks like @gonka_ai and @gaib_ai
Open models need open compute.
#AI#DePIN
iGaming's 2027 rulebook is taking shape:
🇪🇺 EU: AML checks on gambling transactions of €2,000+ from July 2027
🇬🇧 UK: free bets & spins taxed from April 2027, betting duty up to 25%
🇨🇱 Chile: online gambling bill advances, 5-year licences
Costs up, markets opening.
Iran war.
CLARITY Act blocked.
First Fed hike in 3 years.
Treasury yields at multi-decade highs.
Strategy sold 6,916 Bitcoin.
COLDCARD exploited.
Ledger exploited.
Binance hacked.
I genuinely don’t think people realize how much bad news Bitcoin has absorbed.
If this isn’t a sign of resilience and potential seller exhaustion, I don’t know what is.
Every exchange said it could never happen to them. Mt. Gox, Coincheck, FTX, Bybit. Then Binance reported $6.3B, more than all four combined.
My perspective: the loss is not the story. About $3B of it was frozen mid-flight. The hero is a freeze function, not a person.
Source: @Binance's own estimate.
Binance put its own number on it this morning: ~$6.3B. Bigger than every major exchange hack before it combined.
For perspective: Mt. Gox through Bybit, over a decade of exchange hacks, adds up to $4.3B. One night topped all of it.
The part worth watching: ~$3B already frozen, per Binance.
Full ranking in the graphic.
$2.5B+ drained from Binance tonight. If it holds, it's the biggest exchange hack in crypto history - by the high count, more than every other top-10 hack combined.
But the number I'll remember: ~$2.4B frozen within the hour.
Mt. Gox users waited a decade for repayment. Tonight's thief couldn't hold the money for 60 minutes.
Crypto has antibodies now. 💊
The Binance hack played out on-chain:
One hot wallet signs a delegation. Four minutes later a single transaction sweeps it clean - 167k ETH plus 63 tokens, for a $0.93 fee.
Then the fight in real time: attacker pulls out, Binance pulls back, same wallet.
Within the hour Tether and Circle froze $2.4B mid-flight.
Reported as the biggest heist in crypto history.
Also the fastest freeze!
Everyone was watching @binance tonight. Meanwhile @Polymarket got hit.
~$2.7M gone from ~700 wallets. Not Polymarket's code - a hacked script from one of their vendors, a website monitoring tool.
Trading stopped for an hour, everyone's getting refunded, and the attacker's wallet is right there on-chain.
Your platform is only as secure as the weakest script on its page.
Latest totals: about $2.7M from ~700 wallets (on-chain tallies, Polymarket hasn't confirmed a figure). Trading paused one hour, back at 3:05pm ET. Refunds pledged: under $10k restored by Oct 30, larger ones via a form.
https://t.co/qDEAPFOSWe
BREAKING: World's largest crypto exchange Binance hacked with over $5.6 billion stolen:
• $1.45 billion $BTC
• $875 million $ETH
• $234 million $TRX
• $50 million $XAUT
• $1.57 billion $USDT
• $823 million $USDC
• $75 million $WBETH
• $88.5 million $RLUSD
+ $447.5 million additional cryptocurrencies
This is the largest hack in crypto history.