kungtechfu

Instructor of Bruce Lee's Jeet-Kune-Do,Kali, Silat,etc... YouTube Educator on: Compound Interest/De-Centralized Crypto Currency, Forex/Arbitrage,CBDC's,etc...

[George Noble @gnoble79]

NVIDIA IS BUYING ITS OWN CHIPS AND CALLING IT REVENUE

And your retirement account is secretly holding the bag.

This scheme is literally straight out of the Enron playbook...

In January 2026, a special purpose vehicle called Valor Compute Infrastructure was created with one purpose:

Buy Nvidia's chips so Nvidia could book the sale as revenue.

Valor raised $5.4 billion and purchased over 100,000 of Nvidia's GB200 GPUs.

But $1.9 billion of that money came FROM Nvidia itself.

Nvidia invested $1.9 billion into the shell company, then sold that same shell company $5.4 billion worth of its own chips and booked every dollar as revenue.

It's the Girl Scout whose dad bought all the cookies and then she wins the sales contest because Dad was the customer. Except this Girl Scout is a trillion-dollar company and the cookie sale is $5.4 billion.

But it gets MUCH worse:

The remaining $3.5 billion in financing came from Apollo Global Management. Apollo structured the debt, packaged it into securities, and then sold those securities to Athene.

And guess who Athene is? Apollo's OWN insurance subsidiary. The one that sells fixed annuities to American retirees as safe, conservative retirement products.

Follow the chain:

Nvidia funds a shell company with $1.9 billion. The shell company buys $5.4 billion in Nvidia chips. Apollo finances the remaining $3.5 billion. Apollo sells the debt to its own insurance arm. That insurance arm packages it into annuity products and sells them to retirees who think they're buying something safe.

The retirees have no idea that their retirement savings are now backed by 100,000 computer chips sitting in some data center that will be worth pennies on the dollar in three years.

Now look at what's happening inside Athene:

$74.2 billion in US reserves but $217 billion in assets have been shifted to a Bermuda-based captive insurer, outside normal US regulatory oversight.

$103 billion of that portfolio (roughly 35%) is classified as Level 3 assets. That means there is no observable market price.

These assets are valued by internal models, not by actual markets.

And sitting on top of all those unpriced assets? 16.6x leverage.

If you're getting flashbacks to 2008, you should be.

Back then it was mortgages bundled into securities that nobody understood, sold to investors who had no idea what they were holding, rated as safe by agencies that never looked under the hood.

Today it's GPU-backed securities. Computer chips bundled into structured credit instruments, routed through an offshore insurance subsidiary, and sold to you as a retirement product.

The collateral is 100,000 GPUs leased to a single customer through an xAI subsidiary. If xAI stops making lease payments for any reason - financial distress, a pivot in strategy, anything - the entire structure unravels.

And Nvidia releases new architectures every year, so each generation delivers dramatically more compute per watt. A 5 year lease on technology that's obsolete in 2 years creates a mismatch that should terrify every annuity holder in America.

Every single step in this chain is technically legal. The SPV is legal, the lease is legal, Nvidia's equity stake is legal, the securitization is legal, and the Bermuda transfer is legal.

But legality and legitimacy are not the same thing.

I've seen every trick Wall Street has ever pulled in my 45 years of doing this.

And what I'm looking at right now is a pipeline that takes AI infrastructure risk, launders it through 8 layers of financial engineering, and deposits it in the retirement accounts of Americans who never agreed to fund Elon Musk's data centers.

In 2008 it was mortgage-backed securities.

In 2026 it's GPU-backed securities.

Different asset. Same greed. With the same ending.

[Canton Network @CantonNetwork]

Canton-native assets composing with DeFi protocols and settling back on Canton within the same consensus mechanism, no bridge risk, no exposure window, all in a single transaction.

@ZenithFdn on what that looks like in practice.

@GArentoft at EDAS Payments Day.

[G.W. Jackston @galactiator]

https://t.co/T14GOjCCPD

[crypto - popseye (papovic) 🛸 🏠 🍄 @crypto_popseye]

So I think this could be an interesting play despite poor liquidity conditions $liq

0x09b8903aBf2ea0721E34427353988c2F43c6d64F

So it’s a fork of $clanker that’s trying to use $DIEM as the trading pair which can be used for compute in $VVV

It’s made by the $clanker founder and looks like they r getting some marketing going per the paid partnerships on my timeline

@_proxystudio made his first agent today and it got some traction

I think it has decent narrative here given $vvv betas have been flying so going to take the trade

I don’t love the founder cos this guy was the reason why $clanker couldn’t moon faster and some say he’s a scammer but won’t deny his previous experience

[Erik Voorhees @ErikVoorhees]

We like to use the metaphor of Venice as the port city of AI. It guides our product designs toward composability: an open platform rather than a walled garden.

Others are now building on this open platform with https://t.co/HGUdedRZRR

This new community page shows many of the things emerging in the lagoon.

[Jon ShapeShift @JonShapeShift]

Frens - @ErikVoorhees about to be live if you want to check out

[Jon ShapeShift @JonShapeShift]

1/ I've been relatively quiet about this on x, mostly because I have just been having so much fun building, but it's time to share publicly: I'm Head of Strategy at @AskVenice.

[f(x) Protocol @protocol_fx]

$240k+ in loans already issued to $VVV holders through Morpho Base.

The signal is clear:
AI-native capital is borrowing AI-native money.

Strong leverage demand for VVV is happening in the $fxUSD Agentic Vault, as users seek exposure to one of the most recognized AI assets in crypto.

The AI economy is accelerating, and VVV is leading from the crypto front.

Today, fxUSD powers the largest lending market for VVV.

Not just another stablecoin.

fxUSD is becoming the stablecoin of the AI economy.

[Arthur Hayes @CryptoHayes]

I just dumped my entire $HYPE and $NEAR position, I will explain why in my essay "Reality Test" dropping next Tuesday.

TLDR:
- Higher energy prices due to Iran war and inventory restocking
- 3 Mega AI IPOs between now and early Q3
- Prediction that Trump goes anti-AI to win mid-terms for Republicans
- I think highs in mrkts will happen btw now and September
- Time to take profit, and two-step in beefa without worrying about my positions

[Canton Network @CantonNetwork]

Stablecoins are evolving from peer-to-peer instruments into B2B infrastructure.

Banks can settle tokenized deposits against each other using a risk-neutral stablecoin where central bank systems are slow or insufficiently composable.

@Wesarn_real discusses at @Alchemy CoBuild.

[Venice @AskVenice]

Nemotron 3 Ultra is live on Venice. Ultra excels at complex tasks like coding and deep research.

[Altura @alturax]

YieldRun is going BIGGER.

Altura just distributed 100,000 AVLT. No unlocks, vesting or staking.

We're rolling out another 100,000 AVLT prize pool with new, guaranteed reward tiers. Active deposits are already stacking YieldRun points.

Epoch 5 begins now 🦉

[STBL @stbl_official]

https://t.co/fzXonCcC3h

[Canton Network @CantonNetwork]

US Treasuries on Canton are the legal asset, not a synthetic wrapper.

Broadridge has brought $5 trillion onchain and is processing roughly $300 billion in daily repo transactions, approaching 10% of the US market.

@YuvalRooz at @KBWOfficial.

[Altura @alturax]

Best @pendle_fi yield on Hyperliquid?

LP-AVLT on top 🦉

[USD.AI @USDai_Official]

https://t.co/Bbu5OskwEG

[Ginie @giniedev]

1,500+ builders have already joined Ginie on @CantonNetwork

Some deployed their first smart contract.
Some started their first streak.
Some are shipping every day.

Whatever your starting point is...
There's never been a better time to build🟢

we are glad to have you all in this journey together
Many more to come 🔥

[Hecto @hectofinance]

Welcome to the new Hecto, your on-chain gateway to the pre-IPO economy.

Private markets are booming like the stock market in the 80s.

But the rails are outdated: SPVs, unscalable funds, wrapped RWAs, and on-chain perps.

So we’re building full-stack private market infrastructure for both institutions and retail, all on @CantonNetwork.

[hypebeast.eth @hypebeasteth]

Mastercard 🤝 Canton Network

Mastercard is expanding always-on stablecoin settlement on Canton Network canton-network:native using regulated stablecoins

3.7 billion cards across 210+ countries — now adding on-chain settlement with Canton

[Erik Voorhees @ErikVoorhees]

Live on https://t.co/m2jsJuCX8k 1.5 hrs after release

Try it directly at this link
https://t.co/obb3puNSvG