Round 1 put some numbers on the board. $2.75M in notional volume. 1,103 trades across 82 markets. 3,563 fills. And a winning return of +192.6%. Round 2 is now live!

Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10. Last week, we enriched isotopes in the world’s most powerful plasma centrifuge, beating the Soviet record that stood for 40 years. Now, we’re building a fusion reactor in San Francisco to achieve record power density.

There’s a world of difference between user-authorized agents (Muse, Instinct, Grokbot, etc.) and true unauthorized/rogue agents that could constitute cyberattacks. Most of the activity described in the Axios story appears to be the former: customers sharing credentials with agents so they can take actions on their behalf. This may violate bank terms requiring humans to log in themselves, but these are in no way cyberattacks. The direction banks should go is to support user-directed agents. For example, Amex is an authorized connection in Muse, making it easy for users to grant, limit, and revoke access. Read-only permission levels are a sensible interim step. Several banks already support or are moving toward them. Full write access (with user credentials) is a different risk category and should be approached carefully. Frightening the public by blurring the line between user-authorized agentic behavior and cyberattacks is irresponsible.

Is self custody fucking back???

BREAKING: Barclays cutting 5,000 jobs as bank increases its use of AI, per BBC

As Amazon blocks AI agents from shopping on its site, Walmart is taking the opposite approach, introducing new technology that lets AI agents make purchases on customers' behalf, with controls over spending and transaction approvals. spr.ly/6019BHXyoW

Why perps might change everything. bloomberg.com/news/newslette…

Imagine doubling your account and still finishing outside the top five. Minkae went from 34th in Round 3 to first in Round 4, finishing at +163.4%. A quick recap from the Round Close podcast 👇

Pokemon is one step away from overtaking NVDA as the world's best-performing asset

Elon Musk said SpaceX and Tesla have formed special committees to explore a potential merger, a preliminary step toward what would rank as the largest corporate tie-up of all time bloomberg.com/news/articles/…

JUST IN: Meta's Muse AI app surpasses 10 million U.S. downloads in just 40 days, a milestone achieved by only 11 other apps in history.

In the age of super intelligence, the current standards of living will look medieval. The problems that society worries about right now will be largely irrelevant. It’ll be the equivalent of current society worrying about the bubonic plague.

Anthropic could spend $750 billion on additional computing power in the coming years, according to a Wall Street Journal report, as the company prepares for an IPO bloomberg.com/news/articles/…

A new Anthropic S-1 leak has dropped. 👀 According to a draft seen by the Wall Street Journal, Anthropic recorded an $80.7 billion net loss for the first half of this year. Last year, it saw a net loss of $13 billion during the same period. The company continues to signal it's going to spend a lot more on compute. Anthropic's computing agreements will cost around $450 billion over the next seven to ten years.