JUST IN: Nearly 1 million retail investors lost $3.8 billion on TRUMP memecoin, NYT reports.
Meanwhile, Trump disclosed $636 million in income from his memecoin in 2025.
I am heading to Japan tomorrow. The agenda is to partner with small to mid-sized companies in small town Japan and bring them to small town and rural India.
We want to restore our culture of craftsmanship - Aasaari (ஆசாரி) in Tamil and Vishwakarma (विश्वकर्मा) in Sanskrit - by partnering with smaller Japanese companies that still have those ethos and are present in rural Japan. Japanese are world leaders in areas that require intricate craftsmanship.
I am guided by my friend Britto (Britto-san!) originally from Madurai and who spent decades in Japan and understood the culture and companies well. He is the founder of Takumi Motion Controls, and Takumi (匠) also means "craftsman".
Britto-san and I bonded over our admiration of Japanese craftsmanship. This has become a mission for us.
🚨 BREAKING : 🇰🇷 K Wave Media's 10,000 BTC treasury plan has ended with zero #Bitcoin.
The Nasdaq-listed Korean media company has sold its remaining 88 BTC to repay $6 million in debt, fully exiting its Bitcoin treasury strategy.
Just months ago K Wave announced plans to build a 10,000 BTC treasury backed by up to $1 billion in financing making its complete exit a dramatic reversal.
🚨BREAKING: 🇮🇳 Maharashtra has become the first Indian state to legally recognize cryptocurrency as recoverable property.
Authorities can now seize, liquidate, and return crypto assets connected to financial fraud, making it easier for victims to recover their funds 💰
🚨 BREAKING: The RBI met with the Parliamentary Standing Committee today as part of discussions on the future of crypto regulation in India.
During the meeting, the RBI opposed granting cryptocurrencies legal status through legislation in India.
The government’s final approach is still under discussion.
🚨 INDIA’S CRYPTO FUTURE JUST TOOK A MAJOR TURN!
A key Parliamentary Finance Committee meeting on crypto regulation took place today.
⚠️ Chairman Bhartruhari Mahtab says the RBI does not support granting legal status to crypto.
Will India tighten regulations or introduce a new framework?
BREAKING: 🇮🇳 India issues notices to Telegram and Signal over username feature, after ordering WhatsApp to pause its rollout.
Both platforms have been asked to explain how their username features prevent fraud and impersonation.
JUST IN: JPMorgan says Strategy's new Bitcoin sales policy could increase crypto market volatility.
The bank says investors may now worry that Strategy could both buy and sell large amounts of Bitcoin, creating extra uncertainty for the market.
पाकिस्तान सरकार ने पहले ही नेशनल सिक्योरिटी का हवाला देकर मेरे सारे सोशल मीडिया अकाउंट्स वहां बैन कर दिए हैं। और अब पाकिस्तान ने @X को भी रिक्वेस्ट भेजी है कि मेरा अकाउंट पाकिस्तान में ब्लॉक किया जाए!
इनका दावा है कि मेरे 4 ट्वीट्स से पाकिस्तान की 'नेशनल सिक्योरिटी' को खतरा है। 🤦♂️ लेकिन सच क्या है? मैंने तो सिर्फ सच दिखाने की कोशिश की है।
आखिर जनरल आसिम मुनीर और ISI को सच से इतना डर क्यों लगता है? वे यह सच अपने ही देश के लोगों तक क्यों नहीं पहुंचने देना चाहते? सच को दबाया नहीं जा सकता! 🇮🇳
#FreeSpeech #LuckyBisht #TruthPrevails
Anthropic's latest models available worldwide. In other words, Chinese open source models posed a serious enough threat to market share.
In a different context, an Indian customer of some of our products told me recently "A big Microsoft Office license renewal came up and they hiked the price drastically. We told them we are looking at the Zoho office suite and they dropped the price by 90%" - he thanked me for saving them big money, even without buying our office suite. If you are facing renewal of Microsoft Office license, I suggest you mention Zoho.
Some history: Microsoft is a convicted monoplist by a US Federal Court (April 2000) and the monopoly finding but not the suggested remedy was upheld by the U.S Court of Appeals (DC circuit) in 2001. Microsoft has a long illustrious history of milking the customer dry (see the AI link below for details).
Competition is always important. The fact that American AI models have serious competition from China is important for India and other countries.
Finally, I am now confident that India will catch up in AI models. There is no reason to be despondent. There are multiple efforts going on in academia and industry and the cost to train AI models is starting to fall. Recently I met people from the BharatGen team (IIT Bombay) and they are making great progress. I will write more about BharatGen soon.
🚨NEW: 🇨🇳 Chinese AI firms Qihoo 360 and Zhipu AI claim they have developed AI cybersecurity models comparable to Anthropic's Mythos.
Qihoo 360 founder Zhou Hongyi described the technology as a "cyber nuclear weapon" capable of enabling major cyberattacks against governments and critical infrastructure.
BREAKING: Michael Saylor's Strategy purchased 0 Bitcoin last week while unveiling a new capital framework.
Key points include:
• Raised $1.152B through the sale of 12.67M MSTR shares.
• Authorizes up to $1B in MSTR share buybacks.
• Authorizes up to $1B in preferred stock buybacks.
• Can sell Bitcoin to build its USD reserve, pay preferred dividends and interest, and fund buybacks.
• Continues to hold 847,363 BTC.
BREAKING: The Bank for International Settlements (BIS) warns the AI investment boom could become a major risk to global financial stability.
Key points:
• AI investment is creating growing financial vulnerabilities.
• Big tech companies are expected to spend more than $1 trillion on AI infrastructure in 2025-26.
• The race to dominate AI may have led to overinvestment.
• If AI profits fail to meet expectations, investment could reverse sharply, causing a prolonged investment bust and destabilizing financial markets.
• The BIS compares today's AI spending boom with historical investment bubbles such as the railway boom and the dot-com bubble.