I'm a Crypto angel investor since 2017 having invested in 100 startups. Many failures, few unicorns. Follow me for👇 Narratives and Guides: youtube.com/virtualbacon0x Trading Alpha: t.me/vb_trade Community: virtualbacon.com

my test for a tokenized stock listing, two questions: 1. is the access actually exclusive? 2. is it cheaper than just buying the listing itself? if not, you're paying for convenience, not edge. convenience is fine. just know which one you're buying.

up 800% in a month. then on-chain caught the team dumping ~$25M into the pump. down 73% the next day. the hype was real. the token was just the exit.

the us government ordered anthropic to switch off its two best models friday night. no foreign national can touch them now. a jailbreak demo on mythos lit the fuse.

biggest takeaway from the spacex week, and it's not about spacex: for pre-IPO exposure, take a perp over a tokenized spot stock. the perp rolls into the live market at listing. no lockup, no allocation that might never show up. the tokenized spot kept failing on exactly that.

Nvidia's most important memory supplier wants to list in the US as soon as August. SK Hynix is skipping the NYSE for the Nasdaq, betting the AI-stock crowd pays up. Could raise $14B. SpaceX, OpenAI, Anthropic, now the chip suppliers. The IPO machine is running hot.

Access to intelligence should not depend on a handful of companies or governments. This is why open, decentralized, permissionless AI matters. This is why Bittensor matters.

Every time a new frontier model drops, the same wish shows up in the replies: maybe THIS is the one that finally does everything for me. GPT-6. Opus 5. The model so good it runs your life. I don't think that's the wall we're stuck behind anymore. The models have been good enough for the everyday-person use case since Opus 4.6. The gap between the best model and the second-best is real if you're benchmarking code or research, and basically invisible if you just want an assistant that books things, watches your inbox, and acts when something matters. So why doesn't normal-person AI feel solved yet? Because the missing piece was never the model. It's the harness, the access layer that lets an agent actually see your screen, understand what app you're in, and take an action without you holding its hand through every step. None of that is about the model. It's an operating-system problem, and that reframe changes who you should be watching. The company that owns the phone, the OS, the default assistant, the permission layer, the thing already sitting between you and every app, that's who ships the first agent normal people actually use. Apple. Google. Maybe Microsoft on the desktop side. Not because their model is better. It usually isn't. Because they own the harness, and the harness is the moat. This is also why I'm not impressed by another benchmark chart. A two-point jump on some eval doesn't change a single thing about whether my mom can ask her phone to handle something and trust it to act. What changes that is OS-level integration, on-screen awareness, voice and visual layers wired into the firmware. The model race is loud. The harness race is the one that decides who wins the consumer agent. And that one's quieter, slower, and mostly already over before most people notice it started.

A crypto treasury company buying more of its own coin isn't the conviction signal people read it as. It's mostly one whale talking its book. The Tom Lee types get hired to carry the thesis, and it needs new money flowing in to work. The coin can be great. The buy isn't proof.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 Anthropic disabled Fable 5 and Mythos 5 Friday after the Trump administration ordered foreign-national access cut, citing Mythos's vulnerability-discovery as a cyberweapon risk. #AI #Anthropic 🔸 SpaceX closed 19% to $160.95 on Day 1 of public trading Friday, lifting the rocket maker to a $2.1T cap and making Elon Musk history's first trillionaire at roughly $1.05T net worth per CNBC. 🔸 SK Hynix plans a US listing on Nasdaq as soon as August, sources told Reuters, aiming to raise up to $14B and tap demand for AI stocks; the South Korean memory giant is a key Nvidia HBM supplier. 🔸 DOJ Antitrust cleared Paramount Skydance's $111B Warner Bros Discovery deal Friday, finding no harm to streaming or linear-TV competition; HBO Max combines with Paramount for ~200M subscribers. 🔸 BlackRock's HPS Corporate Lending fund honored under 40% of redemption requests a second straight quarter per the FT, with investors seeking to pull over 13% of fund assets in Q2, a stress signal in private credit. 🔸 Adobe reported record Q2 revenue of $6.62B ( 13% YoY) Thursday with AI-first ARR tripling to over $500M; FY2026 guidance was raised to $26.5-26.6B as AI demand stayed intact. 🪙Crypto Updates: 🔸 The 2nd Circuit upheld Sam Bankman-Fried's fraud conviction and 25-year sentence Friday, calling the trial fair and the evidence overwhelming; SBF filed for a presidential pardon the same week. 🔸 Monero spiked to $438 Friday after on-chain sleuth ZachXBT traced $120M USDT moving through XMR buys, KuCoin deposits, and Near Intents bridges; Tether froze $72M of the linked funds within hours. #XMR 🔸 BlackRock filed an 8-A for its iShares Bitcoin Premium Income ETF (BITA) on Nasdaq Thursday; Bloomberg's Eric Balchunas calls for a June 19 launch. The fund sells call options on IBIT shares. #Bitcoin #BlackRock 🔸 Standard Chartered's Geoff Kendrick declared "winter is over" for crypto Friday, calling Bitcoin's recent $59K dip the cycle low, a 53% drawdown from the October $126K ATH; reiterated $100K year-end target. 🔸 Zimbabwe will require crypto businesses to register and pay annual fees with the Financial Intelligence Unit, Finance Minister Mthuli Ncube said Friday; joins South Africa, Nigeria, Kenya, and Mauritius. 🔸 Ethena landed Janus Henderson, a $480B asset manager, as a strategic partner this week with an ENA stake plus AAA-rated tokenized CLOs joining USDe reserves; regulated ETP plans target H2 2026.

can't fade elon. he can drive the biggest retail exit liquidity on earth, and the thing's about to get fast-tracked into the nasdaq-100. so you don't short the hype. you trade the range and let the volatility pay you.

Back in February this same analyst cut his Bitcoin target to $50,000. Friday he wrote two words: "Winter is over." Standard Chartered now says the bottom was the $59K wick, 53% off the October top, and calls $100K by year-end. The bottom's always obvious after it happens.

The man who lost everyone else's coins just ran out of appeals. Sam Bankman-Fried's 25-year FTX fraud conviction was upheld Friday. The appeals court called the government's case robust and the trial fair. Three years after the collapse, it's final. The money's still gone.

SpaceX closed its first day up 19% at $160.95, valued just over $2 trillion. the polymarket crowd had it 84% to clear $1.8T and 69% to clear $2T. both hit. the largest IPO in history held its pop into the close.

In October, Jensen said Nvidia's China market share had effectively fallen to zero. Now it's taking Vera CPU orders from Chinese clients, with availability as soon as August. Zero didn't last long.

Live Trading the SpaceX IPO. Is there still upside? x.com/i/broadcasts/1NGarrAoo…

SpaceX has traded on @solana 24/7 for a while already, as pre-IPO tokens. what's new today is the real listed stock: @Backpack and Sunrise launch SPCX, each backed 1:1 by actual shares at a regulated broker-dealer, the same day it hits Nasdaq. the chain doesn't close at 4.

AI agents can now trade through your @coinbase account, manage the portfolio, even move money. i'll let an agent do the research and surface calls all day. but the money itself? not a chance, not even the exchange account. the agent makes the case, i still press the button.

☕️ GM! Here are the most important market events over the last 24 hours: 🌍Market Overview: 🔸 #SpaceX raised a record $75B in its IPO at $135 a share, more than double Saudi Aramco's 2019 haul. It debuts on Nasdaq today as SPCX at a $1.77T valuation, making Elon Musk the world's first trillionaire. 🔸 Nvidia told Chinese clients orders are open for its Vera CPUs, available as soon as August per Reuters. The pitch: up to 1.8x faster than rivals, after Huang said Nvidia's China share had effectively fallen to zero. 🔸 Trump canceled planned strikes on Iran and says a deal signs in days. Wall Street got its biggest bounce in two months: the Dow jumped nearly 930 to 50,848.75 and the SOX chip index rose 8%, best since April 2025. 🔸 Anthropic is donating $150M to launch Claude Corps, hiring 1,000 fellows and embedding them in nonprofits across the country for a year to put #AI to work, in partnership with San Francisco nonprofit CodePath. 🔸 Gary Gensler filed an amicus brief in Kalshi's Sixth Circuit appeal: sports prediction contracts aren't swaps under Dodd-Frank and don't override state gaming rules. The American Gaming Association filed alongside. 🔸 OpenAI is acquiring Ona, a startup building cloud environments for AI agents, to extend its Codex coding tool; Codex now serves more than 5M weekly active users, up from 3M in April. Terms weren't disclosed. 🪙Crypto Updates: 🔸 Sunrise and Backpack Securities launched SPCX, a tokenized version of SpaceX shares, on #Solana the same day as the Nasdaq debut, tradeable around the clock; Binance Wallet's SpaceX IPO product drew $557M onchain. 🔸 Hyperliquid's HYPE perpetual futures went live on Kalshi Thursday, the newest listing in the first CFTC-approved US perps lineup, which crossed $1B in trading volume within a week of launch. 🔸 The SEC proposed scrapping Rules 611 and 610(e) of Reg NMS; Galaxy's Thorn calls it one of the biggest unlocks yet for tokenized stocks, since AMMs would commit trade-throughs constantly. Comment period: 60 days. 🔸 Coinbase launched Coinbase for Agents, letting AI agents trade and execute payments through user accounts inside ChatGPT or Claude, built on the x402 protocol it developed with AWS, Anthropic, Circle and Near. 🔸 Japan's lower house passed a bill regulating #crypto like stocks, cutting the top tax on gains from 55% to a flat 20% and opening the door to crypto ETFs; the new rules are expected in effect in 2027. 🔸 Ripple is bringing Bitso's peso-backed MXNB stablecoin to the #XRP Ledger alongside RLUSD, targeting regulated cross-border settlement between the US and Mexico on the XRPL's Permissioned DEX.

CFTC-regulated perps on HYPE are live for US traders through @Kalshi. Zero fees for now, no waitlist. HYPE jumped about 10%. Perps were the whole reason traders went offshore. Now @HyperliquidX's own token has a regulated American one.

The SEC moved to scrap Rule 611, the rule forcing every stock trade to route to the best displayed price. That alone made on-chain AMMs for equities basically illegal. Galaxy calls it one of the biggest tokenized-stock unlocks yet. 60 days of comments first.