LAPTOP, a meme tied to Biden’s son, fell 95% within 30 minutes of launch.

It briefly reached a $100bn valuation, with people buying there.

After TRUMP, celebrity-launched memes are an IQ test.

✅@futures

Cryptobolt

He turned $200K into $2K on the LAPTOP meme.

He withdrew $200K from Binance to enter the BASE launch in its first seconds. 15 minutes later, his LAPTOP tokens were worth $2K.

✅@futures

Cryptobolt

⚡️ JUST IN: Trump says every US adult citizen would get a $5,000 dividend if Republicans win the midterms, costing roughly $1.2T.

✅@futures

Cryptobolt

⚡️ JUST IN: US core producer prices rose 0.2% in August, below the 0.3% forecast.

✅@futures

Cryptobolt

Jacob Coxon, a former research employee at OpenAI and Anthropic, is leaving the AI industry over fears the AI race will create systems that destroy humanity.

“People building AI genuinely believe it could destroy us all by the end of the decade,” Coxon said.

✅@futures

Cryptobolt

The market’s favorite currency is your impulsiveness.

✅@futures

Cryptobolt

🇺🇸 US Bonds Lose Safe-Haven Bid

The classic rule of buying US Treasuries during war has stopped working. The US Treasury announced a tripling of long-term bond buybacks to $6 billion, and yields rose on the news.

The 10-year Treasury yield moved above 4.85% for the first time since November 2023, up 15 basis points from before the announcement. Yields are now up 100 basis points since the ongoing war with Iran began.

The 10-year yield will exceed 5% as early as next week, bringing an unpleasant surprise for US consumers, homebuyers and borrowers.

✅@futures

Cryptobolt

⚡️ JUST IN: US core consumer prices rose 0.3% in August, above the 0.2% forecast.

✅@futures

Cryptobolt

🇳🇬 Medicaid Fraud Funds Nigerian Palace

Nigerian chief Nathan Ogबatyue reportedly obtained over $36 million through US Medicaid fraud. He allegedly bought California property and built a palace in Abatete, Nigeria, with gold statues of himself and his wife.

His company, California Home Health Agency, received $4 million in 2022, $17 million in 2023, and $13 million in 2024. In March, Mehmet Oz said one in three US hospices was in Los Angeles, with most allegedly fictitious.

Journalist Christopher Rufo cited suspicious payments and possible fraud indicators. Ogбатюэ refused to comment, calling him a “racist.”

✅@futures

Cryptobolt

Another Anthropic employee warned that AI could threaten humanity, with Evan Hubinger estimating over 10% odds of human extinction within the next ten years.

✅@futures

Cryptobolt

You can copy someone's entries.

You cannot copy their tolerance for the drawdown that comes with them.

✅@futures

Cryptobolt

Oil at -3% entered the historic intervention zone of Trump and IEA states.

✅@futures

Cryptobolt

10-year U.S. Treasury yields are near the psychological 5% mark.

Societe Generale warns that 5.5% is the threshold at which stocks begin facing pressure.

✅@futures

Cryptobolt

🇺🇸 Fed Decision Nears

Next week, the Fed's rate decision will determine whether the bullish trend continues into the midterms. The market is cooling and waiting for Wednesday.

Polymarket gives an 80% chance of a hike. Goldman Sachs shifted from a hold to a hike forecast. The hike is already almost fully priced in.

What happens to risk assets if Trump's appointee, Warsh, does not hike 1.5 months before the midterms? Next week should be interesting.

✅@futures

Cryptobolt

⁉️ CIA Warnings Before 9/11

The CIA released classified briefs showing it repeatedly warned Clinton and Bush about Al-Qaeda’s plans to attack the US before 9/11.

The documents include a 1998 warning that Al-Qaeda could crash an explosives-laden plane into an American city.

✅@futures

Cryptobolt

Friendly reminder:

The industry needs you impatient to take all your money.

Do the opposite and you shall succeed.

✅@futures

Cryptobolt

😙 JPMorgan Cuts Fund Lending

JPMorgan stopped lending to Situational Awareness after huge losses from leveraged bets on the AI sector. The fund was forced to sell most of its public-stock holdings tied to Ken Griffin’s Citadel as semiconductor and AI-infrastructure shares plunged worldwide.

In July, the sell-off triggered a margin call. The portfolio fell 67% in one month, after gaining 439% through June.

Leopold Aschenbrenner, a former OpenAI researcher who launched the fund in 2024, told investors it had come “closer to an irreversible loss of capital than is acceptable to us,” while retaining faith in the portfolio’s fundamentals. Goldman Sachs, Citigroup, Bank of America and Clear Street remain brokers.

✅@futures

Cryptobolt

⁉️ AI Safety Debate Intensifies

Trump rejects calls to slow AI development.

Anthropic CEO Dario Amodei says the risks of advanced AI escaping control are real. Powerful models may bypass shutdown attempts, a behavior already observed in simulations. He favors joint oversight by several democratic countries over control by private companies or a single state.

OpenAI CEO Sam Altman confirmed the company will not hold an IPO in 2026, citing AI safety concerns. Elon Musk and Google DeepMind CEO Demis Hassabis also backed Amodei’s warning.

Amodei says self-improving models and autonomous agents are becoming more dangerous. Within six months to a year, swarms of agents could potentially launch major internet attacks causing hundreds of billions of dollars in damage. His proposed safeguards include independent audits, shared standards among democratic countries, and international limits negotiated with China and others.

✅@futures

Cryptobolt

Discipline is boring.

Boring makes you rich.

✅@futures

Cryptobolt

JPMorgan just published a frightening chart of global oil inventories. If the line reaches 6.8, the global economy will collapse.

✅@futures

Cryptobolt

The Bank of England spent more than £85,000 on research to justify replacing historic banknote figures. Winston Churchill, Jane Austen, Joseph Turner and Alan Turing could give way to hedgehogs, foxes, puffins and dolphins.

✅@futures

Cryptobolt