🇪🇺 JUST IN: ECB warns stablecoins are draining European bank deposits
ECB Executive Board member Piero Cipollone says commercial banks are losing retail deposits and payment revenue to stablecoins and mobile payment providers.
He says Europe is becoming "increasingly dependent on non-European payment infrastructure" and pushed the digital euro as the solution, per Decrypt.
A BILLIONAIRE INVESTOR SAID IF YOU BET AGAINST EVERY AI COMPANY TODAY, YOU’D BE RICH IN FIVE YEARS, AND THE CEO OF COINBASE [BRIAN ARMSTRONG] QUIETLY AGREES IT MIGHT BE A BUBBLE.
[NIKHIL] “IF I WERE TO TAKE EVERY PRIVATE COMPANY IN AI AND SHORT THEIR STOCK TODAY, IN FIVE YEARS, I MIGHT MAKE MONEY. IT FEELS A BIT LIKE THE INTERNET BUBBLE.”
[BRIAN] “I PROBABLY SOMEWHAT AGREE. THE OPEN SOURCE MODELS ARE REALLY LIKE SIX MONTHS BEHIND, AND THEY’RE LIKE 99% CHEAPER OR MORE FOR INFERENCE. SO IT’S ENTIRELY POSSIBLE A LARGER PERCENTAGE OF THE WORKLOAD GOES TO THESE MODELS THAT ARE 99% CHEAPER.”
The name of the company… NewBird AI. It is a cutting-edge, AI-native cloud infrastructure firm out of- well, they used to be out of San Francisco making sneakers, but forget that, John- they are now awaiting imminent deployment of next-generation GPU compute clusters that have both massive enterprise and consumer applications. Now, right now, John, the stock trades on the Nasdaq at about the price of a cup of coffee. And by the way, John, our analysts indicate it could go a heck of a lot higher than that. And John- one more thing- they're up 160% just today
Former CIA Director James Woolsey admits to rigging elections.
"It was for the good of the system".
"We don't do that now? Well... only for a very good cause"
MARC ANDREESSEN WENT ON ROGAN FOR OVER 3 HOURS. HERE ARE THE 17 THINGS WORTH YOUR ATTENTION.
1. AGI is already here, in his view. He says the line got crossed about 3 months ago with GPT-5.5, Claude 4.6, Gemini 3, and Grok 4.3, and nobody noticed because the field moves too fast to register milestones anymore.
2. For almost any topic, he says the top models now give him better answers than the world-class experts he could call by phone, and he can call almost anyone. Worth noting he has not published data behind this, and a separate Nature Medicine study on a comparable AI health tool found it missed real emergencies more than half the time. Take the claim seriously, verify it yourself.
3. His claim on doctors: they are already using ChatGPT in the exam room, typing your symptoms in the moment you stop talking. His actual quote: "at that point you're asking the question of like, what do I need you for."
4. Reportedly, when AI declines to answer something, he tells it he's writing a novel to get past the refusal.
5. Reportedly, his technique for hard topics is escalating simplicity: explain it like I'm 10, then 5, then 2, until it clicks.
6. Reportedly, instead of asking for the "right" answer, he has the AI steelman both sides of a hard question, then decides himself.
7. Reportedly, for big questions he has the AI role-play a panel of experts arguing with each other.
8. His broader point: the moment you think "I don't know how to figure this out" is exactly when most people give up, and exactly when you should open the AI instead.
9. His view: the only real skill left is knowing what to ask. The bottleneck is in your head, not the model.
10. He describes sending AI photos, rashes, blood tests, for a fast second opinion, since current models read images directly.
11. He points to CBT as the one clinically proven therapy type that AI can plausibly deliver on its own, meaning real therapeutic support becomes freely available at scale.
12. He cites AI cracking previously unsolved math problems, with early signs of the same happening in physics, chemistry, and biology.
13. Reportedly, he claims the top AI coders in Silicon Valley now earn as much as $50 million a year, which he uses as a signal of how large this shift actually is.
14. Reportedly, a friend paid to sequence his own DNA, fed it to an AI along with blood work and wearable data, and got back a working health dashboard.
15. Reportedly, another friend set up cameras in his home jiu-jitsu gym so AI could review his sparring and give him technique notes.
16. He coined the term "AI vampire" for the pattern of people working more and sleeping less because AI keeps making more output possible, a real term he used, though the framing around it varies by account.
17. His extrapolation: one person eventually running many AI coding agents, each reviewing the others, describing this as close, not years out.
Watch the full interview before treating any single number as settled. Several of these are Andreessen's stated views and anecdotes, not independently verified facts.
Follow @cyrilXBT for every AI insight worth your attention the moment it surfaces.
Trump: China is rigging the elections.
Hillary: Russia is rigging the elections.
Reality: U.S. corporations and U.S. billionaires are rigging the elections by buying off and bribing both parties to ensure they win every election and the people lose every election.
Scamath Palihapitiya says he regrets pumping his SPAC on CNBC in 2021 and cashing out... then proceeds to pump his new SPAC
You can't make this shit up...
Virgin Galactic $SPCE is down 99.8% from 2021
🇺🇸🇮🇷 JD Vance: Israel spent a fortune trying to blow up our Iran negotiations and smear anyone pursuing a deal.
“When I open up the pages of Time magazine and see that there’s a literal foreign influence campaign being funded to tank the very deal that I was pursuing, and many of the people receiving that money were attacking me in completely dishonest ways, my response is:
GO TO HELL!!”
Writer: Sol
This company pulled off the most successful scam of the 20th century, and they're finally collapsing.
What they did:
- Invented the diamond engagement ring to survive a sales crash
- Told men exactly what to spend, then doubled it for no reason
- Hoarded most of the world's diamonds inside one office in London
- Rigged it so the ring you overpaid for could never be resold
- Pleaded guilty to price fixing and got shut out of the US for decades
Here's how De Beers decided what love costs, and why it is falling apart right now:
Go back to the 1930s.
Diamond sales had crashed in the Depression. Most American engagement rings had no diamond at all.
So in 1938, De Beers hired an ad agency called N.W. Ayer with an unusual order: Do not sell a brand and instead manufacture demand for an entire category.
In 1940, only 10% of first-time American brides got a diamond engagement ring.
Then ONE sentence changed the industry forever...
In 1947, a copywriter named Frances Gerety scribbled four words on a notepad: A Diamond Is Forever.
By 1990, 80% of American brides were getting a diamond. Ad Age later named it the single best slogan of the entire 20th century.
Think about what that sentence did:
It told you the stone was eternal, so your love should be too. It also killed the resale market, because you keep a diamond forever and never sell it. And with no resale market, nobody could discover what the stones were really worth.
Then they put a price on your feelings.
The "two months' salary" rule was never a tradition. It was ad copy invented in the 1980s with no basis in anything. In Japan, where De Beers moved in during the 1960s, they pushed three months instead.
A 1977 De Beers commercial ends with the words on screen: "How else could two months' salary last forever?"
The company told men what to spend and called it romance.
But the bigger trick was the supply:
For most of the last century, roughly 80% of the world's rough diamonds passed through one office in London. De Beers held the stones back, released them slowly, and kept prices high by pretending the things were rare. But they are not rare at all.
And when regulators finally moved, the results were ugly...
In 2004, De Beers pleaded guilty to fixing industrial diamond prices and paid a $10 million fine. It later paid $295 million to settle a case over fixing gem prices, with $130 million going straight back to the consumers who overpaid.
So how does a 137yo empire this powerful actually die?
Somebody built a better diamond.
Lab-grown stones are optically identical, carry the same certificates, and cost a fraction of the price. Wholesale lab-grown prices have fallen roughly 90% since 2018. The scarcity was always fake, and now anyone can prove it in an afternoon.
Anglo American, which owns 85% of De Beers, has written the business down by $6.8 billion over three years. Its carrying value collapsed to $2.3 billion from over $4 billion. In 2025 alone, De Beers lost $511 million at the EBITDA line, 20x WORSE than the year before.
Anglo's own filing blamed customers preferring synthetic diamonds. De Beers even opened its own lab-grown brand, then shut it down in 2025.
Now Anglo is racing for the exit. It has taken final bids and wants De Beers gone this year, with Botswana and Angola circling the wreckage.
The diamonds in those rings are not rare, they were never rare, and the "tradition" behind it was written by one underpaid copywriter in a single night. The most valuable thing De Beers ever mined was your belief.
But it's over for them now, after 137 years, no matter how much the CEO pretends otherwise.
🚨 BREAKING:
THIS IS RAY DALIO, ONE OF THE BEST INVESTORS IN THE WORLD
5 MONTHS AGO, HE INVESTED AROUND $438 MILLION IN MICRON $MU STOCK
NOW HIS STAKE IS WORTH OVER $1,790,000,000 BILLION DOLLARS
THIS IS THE BEST INVESTMENT IN HISTORY!!
SK Hynix has reportedly reduced its HBM4 manufacturing capacity and shifted it to DDR5.
The company claims it is doing this because the DDR5 shortages are more severe, but the news came as a shock today as DRAM prices have been falling too.
In every previous memory bubble, the sudden shift of production from higher end to lower end products has signaled a bubble top.
The next sign will be flat or falling gross margins. By the time EPS falls the stock selloff is mostly over.
With $MU earnings tomorrow, all eyes are on if they have shifted production back to DDR5 as well. The real shock to the AI bubble will be if Micron announces a return to the consumer market, which means AI demand is collapsing.
If this truly is the final quarter of the AI bubble, Elon Musk picked the perfect time to take SpaceX $SPCX and xAI public.