๐ฏ Loracle Bets Against AI
Loracle opened $75M in short positions from a $61M account, targeting Robinhood, Cashcat ($6M, 22M tokens), PONS ($5M, 9.13M), SNDK ($24M), NVDA ($19M), and Micron ($10M). Key liquidation levels: $0.68 for Cashcat, $1.59 for PONS.
This follows Derivative Monkeโs scenario. A new Claude model (Fableโs successor) may underwhelm in late September, shaking AI confidence. By late October, open-source models could close the gap but hit performance limits.
Anthropic may IPO then at a rumored $2T valuation, potentially triggering a sector correction as private sellers exit and retail sees AI as overhyped. A Fed rate hike could worsen the downturn.
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Loracle opened $75M in short positions from a $61M account, targeting Robinhood, Cashcat ($6M, 22M tokens), PONS ($5M, 9.13M), SNDK ($24M), NVDA ($19M), and Micron ($10M). Key liquidation levels: $0.68 for Cashcat, $1.59 for PONS.
This follows Derivative Monkeโs scenario. A new Claude model (Fableโs successor) may underwhelm in late September, shaking AI confidence. By late October, open-source models could close the gap but hit performance limits.
Anthropic may IPO then at a rumored $2T valuation, potentially triggering a sector correction as private sellers exit and retail sees AI as overhyped. A Fed rate hike could worsen the downturn.
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AFRO CRYPTO
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Polymarket debuts futures trading, offering up to 20x leverage on crypto, stocks, and commodities.
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๐ Bitcoin-Gold Correlation Hits Six-Year High
The 90-day correlation between Bitcoin and gold has surged to its highest level since 2020, while Bitcoinโs link to equities has weakened significantly. According to Bitwise CIO Matt Hougan, this shift reflects changing investor behavior driven by macroeconomic developments in August.
Following the U.S. Treasury's bond-buying moves, Bitcoin jumped 22.4%, gold rose 5%, and stocks declined. As concerns over currency devaluation grow, both assets are increasingly seen as hedgesโwith Bitcoin emerging as a โmore amplified version of gold.โ
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The 90-day correlation between Bitcoin and gold has surged to its highest level since 2020, while Bitcoinโs link to equities has weakened significantly. According to Bitwise CIO Matt Hougan, this shift reflects changing investor behavior driven by macroeconomic developments in August.
Following the U.S. Treasury's bond-buying moves, Bitcoin jumped 22.4%, gold rose 5%, and stocks declined. As concerns over currency devaluation grow, both assets are increasingly seen as hedgesโwith Bitcoin emerging as a โmore amplified version of gold.โ
โ Follow @cryp
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At some point, you have to stop overthinking and start acting.
You want the money? Go out and earn it.
You want the girl? Go talk to her.
You want the life you dream of? Start building itโnow.
No oneโs going to hand it to you on a silver platter.
Step aside from your own doubts and take your shot.
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AFRO CRYPTO
You want the money? Go out and earn it.
You want the girl? Go talk to her.
You want the life you dream of? Start building itโnow.
No oneโs going to hand it to you on a silver platter.
Step aside from your own doubts and take your shot.
โ Follow @cryp
AFRO CRYPTO
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Where do I even startโhow do I tell my family I left a law career for this?
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Inside the worldโs largest Bitcoin mine.
Riot Platformโs Texas facility solves the SHA-256 algorithm 10,500,000,000,000,000,000 times per secondโracing to secure the next block in the blockchain.
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Riot Platformโs Texas facility solves the SHA-256 algorithm 10,500,000,000,000,000,000 times per secondโracing to secure the next block in the blockchain.
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CZโs at it again with the mind games โ Binance Futures just dropped a new batch, and guess whatโs on the list? $PONS, a coin that surged 1,000x in just 1.5 months to a $1B valuation, and $ๅๅบ็ฑณ, a $20M Chinese-themed meme coin.
Strange moves. Stranger timing.
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Strange moves. Stranger timing.
โ Follow @cryp
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๐ฐ Hunter Bidenโs LAPTOP Token
Mark your calendar: Hunter Biden is launching the LAPTOP memecoin on September 9 via Base. A 20% chunk of the supply will go toward airdrops โ including allocations for wallets that took losses on TRUMP.
The team behind the project will get 30%, while up to 30% could be burned if specific conditions are met, like Bitcoin hitting a new all-time high or a Democratic candidate winning the 2028 U.S. presidential election.
The name is a direct nod to the infamous Hunter Biden laptop controversy, a pivotal moment in the lead-up to the 2020 election.
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Mark your calendar: Hunter Biden is launching the LAPTOP memecoin on September 9 via Base. A 20% chunk of the supply will go toward airdrops โ including allocations for wallets that took losses on TRUMP.
The team behind the project will get 30%, while up to 30% could be burned if specific conditions are met, like Bitcoin hitting a new all-time high or a Democratic candidate winning the 2028 U.S. presidential election.
The name is a direct nod to the infamous Hunter Biden laptop controversy, a pivotal moment in the lead-up to the 2020 election.
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๐ฅ CLARITY Act May Be Delayed
Cynthia Lummis has cautioned that failing to pass the CLARITY Act during this congressional session could push the next viable opportunity to 2030โeffectively shelving it for years.
A crucial Senate vote is set for September 15. The bill requires at least 60 votes to move forward, but current odds on Polymarket give it only a 17% chance of passing by the end of 2026.
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Cynthia Lummis has cautioned that failing to pass the CLARITY Act during this congressional session could push the next viable opportunity to 2030โeffectively shelving it for years.
A crucial Senate vote is set for September 15. The bill requires at least 60 votes to move forward, but current odds on Polymarket give it only a 17% chance of passing by the end of 2026.
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๐น Ethereum Gas Without ETH
On August 27, Ethereum developers advanced EIP-8141 (Frame Transactions) to โplanned for inclusionโ status for the Hegotรก upgrade, expected in 2027.
This means appsโor other accountsโcould cover gas fees on your behalf. Services might accept stablecoins from users while settling network costs in ETH behind the scenes. It also opens the door for bundling multiple actions, where failed swaps automatically revoke token approvals.
Users could define custom authorization rules and rotate control keys without migrating funds to a new address.
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On August 27, Ethereum developers advanced EIP-8141 (Frame Transactions) to โplanned for inclusionโ status for the Hegotรก upgrade, expected in 2027.
This means appsโor other accountsโcould cover gas fees on your behalf. Services might accept stablecoins from users while settling network costs in ETH behind the scenes. It also opens the door for bundling multiple actions, where failed swaps automatically revoke token approvals.
Users could define custom authorization rules and rotate control keys without migrating funds to a new address.
โ Follow @cryp
AFRO CRYPTO
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๐ธ How One Trader Turned $1.3K Into $2.17M on ZCAT
A mysterious trader skyrocketed from $1,300 to approximately $2.17 million by purchasing 24.52 million $ZCAT. Their remaining position is now worth around $2.12 million โ a staggering 1,626x return.
This isnโt their first win. The same trader previously turned $19,700 into $1.61 million on $STONK. Total haul? Roughly $3.78 million in profits.
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A mysterious trader skyrocketed from $1,300 to approximately $2.17 million by purchasing 24.52 million $ZCAT. Their remaining position is now worth around $2.12 million โ a staggering 1,626x return.
This isnโt their first win. The same trader previously turned $19,700 into $1.61 million on $STONK. Total haul? Roughly $3.78 million in profits.
โ Follow @cryp
AFRO CRYPTO
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Last week, Strategy didnโt buy or sell any BTC.
Instead, it repurchased $176 million worth of STRC shares, doubled its share buyback program to $2 billion, and as of September 7, held 845,050 BTC and $6.5 billion in cash.
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Instead, it repurchased $176 million worth of STRC shares, doubled its share buyback program to $2 billion, and as of September 7, held 845,050 BTC and $6.5 billion in cash.
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โ CZ Unleashes a New Meta
CZ noticed Robinhood capitalizing on meme-driven shitcoinsโenter MemeFi, a fusion of TradFi and meme cultureโand heโs jumping in with both feet.
BNB now backs its own DAT firm, holding 515K BNB and trading at just 0.47x its reserves. It went live on-chain via BNC4, launching the 4Stock meme token.
4Stock has already hit a $47M valuation, turning early movers into instant winnersโsome bagging 6 to 7 figures overnight. Frankdegods is up $250K; 0xLingard, $400K.
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CZ noticed Robinhood capitalizing on meme-driven shitcoinsโenter MemeFi, a fusion of TradFi and meme cultureโand heโs jumping in with both feet.
BNB now backs its own DAT firm, holding 515K BNB and trading at just 0.47x its reserves. It went live on-chain via BNC4, launching the 4Stock meme token.
4Stock has already hit a $47M valuation, turning early movers into instant winnersโsome bagging 6 to 7 figures overnight. Frankdegods is up $250K; 0xLingard, $400K.
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An unknown trader turned $4,400 into roughly $780,000 in just two hoursโlocking in a 177x return.
They used $4,400 worth of USDC to buy 18.6 million 4Stock tokens, quickly becoming the largest holder of the token.
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They used $4,400 worth of USDC to buy 18.6 million 4Stock tokens, quickly becoming the largest holder of the token.
โ Follow @cryp
AFRO CRYPTO
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๐ง AI Safety Warning
Geoffrey Hinton and Jakub Pachocki, OpenAI's chief scientist, are calling for a pause in the rapid advancement of AI. Hinton warned that chasing superintelligence without a scientific consensus on safety or control could result in losing oversight of systems surpassing human intelligenceโpotentially leading to existential risk.
This appeal follows the introduction of the Artificial Superintelligence Security Bill in the UK Parliament on 8 September by ControlAI and Alex Sobel. Pachocki emphasized that AI models are already conducting independent research, and recursive self-improvement may be within reach. He advocates for a voluntary slowdown until shared safety frameworks can be established.
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Geoffrey Hinton and Jakub Pachocki, OpenAI's chief scientist, are calling for a pause in the rapid advancement of AI. Hinton warned that chasing superintelligence without a scientific consensus on safety or control could result in losing oversight of systems surpassing human intelligenceโpotentially leading to existential risk.
This appeal follows the introduction of the Artificial Superintelligence Security Bill in the UK Parliament on 8 September by ControlAI and Alex Sobel. Pachocki emphasized that AI models are already conducting independent research, and recursive self-improvement may be within reach. He advocates for a voluntary slowdown until shared safety frameworks can be established.
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An initial $300,000 investment in Hunter Bidenโs $LAPTOP token at launch is now valued at $2,000.
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