Two items from “News Items” from @EllisItems this AM (https://substack.news-items.com):
“8. A rout in global chipmakers deepened on Tuesday, as fears over the durability of the AI boom intensified ahead of results from some of Silicon Valley’s biggest companies this week. South Korea’s Kospi led declines in Asia, falling more than 10 per cent and prompting a short halt in trading, after investors dumped shares in the country’s two leading memory-chip makers. Shares in SK Hynix fell as much as 10 per cent, while its larger rival, Samsung Electronics, dropped more than 12 per cent. The two companies have tumbled 41 per cent and 34 per cent, respectively, in July so far. In Tokyo, the Nikkei 225 fell 4.4 per cent, with memory-chip maker Kioxia plunging more than 18 per cent. This month’s sell-off has slashed Kioxia’s share price in half. (Source: http://ft.com)
9. A closely watched gauge of risk in holding the debt of companies at the centre of the AI boom is rising rapidly, underscoring growing jitters over Big Tech’s vast spending on data centres, chips and computer memory. Prices for credit default swaps, popular tools to bet against corporate debt, tied to Oracle, SpaceX, Alphabet, Amazon, Meta, Broadcom and Nvidia have risen to record highs in recent days, according to LSEG data. The sharp moves echo a sell-off in debt issued by so-called hyperscalers, which are piling hundreds of billions of dollars into developing vast data centres and sophisticated AI models. It comes as investors have grown increasingly worried about the deluge of debt sold by these companies. (Source: https://t.co/i1iKd1P8Ml)”
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Anthropic CEO Dario Amodei breaks silence on open-weight AI after Nvidia, Microsoft, Meta, OpenAI, and Google back open AI models
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Anthropic CEO Dario Amodei breaks silence on open-weight AI after Nvidia, Microsoft, Meta, OpenAI, and Google back open AI models
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Nvidia Invests $5 Billion in Ilya Sutskever’s Safe Superintelligence as AI Startup Shifts From Google TPUs to GPUs
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Nvidia Invests $5 Billion in Ilya Sutskever’s Safe Superintelligence as AI Startup Shifts From Google TPUs to GPUs
Swarms Weekly Ecosystem Update [July 21-26]:
Introducing Frenzy Hub, New Marketplace Home, and much more.
This week we launched the Frenzy Hub, redesigned the Swarms Marketplace home screen, and added Gemini 3.6 Flash to Swarms Cloud.
We also published a Marketplace changelog covering nearly 200 updates shipped over the past seven weeks, highlighting the rapid pace of development across the ecosystem.
Learn more ⬇️
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How Google Is Using Wall Street Financing Techniques to Expand Chip Sales
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COINTELEGRAPH: Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Galaxy
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This week sovereign wealth-backed capital came onchain, retail giants opened Solana to 8M+ households, and tokenized asset volume smashed another all-time high.
Here's everything that shipped:
📰 Headline News
- Morgan Stanley made Solana available to eligible E*TRADE clients, opening access across 8.7 million households
- @Mubadala Capital’s Alternative Solutions Fund went live on Solana via @KAIO_xyz
- @tryramp opened 24/7 stablecoin accounts and payments settling on Solana
📰 Launches
- Intel tokenized stock ($INTC) went live via @Backpack Securities and @sunrise
- @jtx_trade opened its unified trading surface for majors, memes, and RWAs to everyone
- @LayerZero_Core and @KeetaNetwork brought tokenized bank deposits to Solana
- @MetaMask activated gasless Solana swaps, covering gas fees for trades over $200
- @Lexur launched in public beta, aggregating Solana perps across Pacifica, Jupiter, Bullet, and more
- @Pumpfun introduced BOOST mode to reinject post-migration liquidity into token buybacks and burns
- @risedotrich enabled cross-chain swaps to Solana powered by @deloraprotocol
- @Beezie went live with zero-recycled-slab claw machine collectibles
- @BananaZoneApp shipped Paid Play for @solanamobile users with real rewards
- @streamflow_fi enabled NFT locking for time-bound collectible custody
- @backyard_fi kicked off Backyard BBQ: Season 0 for yield rewards
- @cleopetrafun launched Thesis Index to trade macro theses via prediction market baskets
- @flint_trade_ launched streamlined liquidity quoting for Solana market makers
- @tapmapfun launched Treasure Hunt for local business check-ins and rewards
- @machinedotfun, @codecopenflow, and @peaq opened applications for The Foundry, a Physical AI accelerator
- @TryNoahAI opened waitlists for Noah Accelerate to support Solana builders
- @magicblock and @SuperteamMY opened applications for their VIP builder program
- @fairdotclub partnered with @LaFamilia_so to expand private capital formation
📰 Milestones
- Tokenized-asset trading volume on Solana reached a record $5.8B in Q2, up 114% QoQ
- @byreal_io surpassed $4B in total trading volume
- @kamino’s OnRe Market passed $200M in total market size
- @humafinance PST crossed $200M market cap
- @ExponentFinance crossed $120M TVL
- @usdgo_official crossed $1B in circulating supply in 5 months
- @Beezie reached $2M in total volume across 5965 claw pulls
- Solana consumer card top-ups reached a record $94.32M in a single month in Q2
- @fomo logged 17.4K active daily traders executing on Solana
If you enjoyed this week’s newsletter, please share it with an RT.
Artwork by @Suffoca 🔥
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OpenAI and Google Join Growing Coalition for Open-Weight AI as Elon Musk Endorses Jensen Huang’s Call for American AI Leadership
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OpenAI and Google Join Growing Coalition for Open-Weight AI as Elon Musk Endorses Jensen Huang’s Call for American AI Leadership
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x402 payments are starting to flow on Algorand.
With instant, deterministic finality and low, predictable fees, @Algorand is built for high-frequency micropayments, AI agents, and agentic commerce.
And this is only the beginning. https://t.co/HzFEjtQyIU
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COINBASE: CROWDFUNDINSIDER: Coinbase Enables Businesses to Accept Payments from AI Agents
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Securities Fraud Investigation Into Alphabet Inc. (GOOG) Continues – Shareholders Who Lost Money Urged to Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
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Premarket movers:
Tesla leads gains among Mag 7 stocks after the electric vehicle maker plunged about 15% on Thursday (Tesla +1.3%, Microsoft +1.1%, Alphabet +0.7%, Meta +0.7%, Amazon +0.5%, Apple +0.2%, Nvidia -0.4%)
Amkor Technology (AMKR) rallies 11% after the company announced a $1.5 billion multi-year binding agreement with Nvidia to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms.
Intel (INTC) gains 4% (well below the kneejerk surge 12% higher) after the chipmaker’s third-quarter forecast was much stronger than analysts’ expectations. The results highlighted both the durability of AI-related demand, as well as the success of Intel’s turnaround.
MaxLinear (MXL) slides 11% after the semiconductor device company reported second-quarter results that were only modestly ahead of expectations. While its third-quarter revenue forecast was stronger than expected, its view for adjusted gross margin was largely in line at the midpoint of the range.
Oracle (ORCL) is up 2.6% after the software company said it had been awarded a 10-year IDIQ contract by the US Department of Defense under its Enterprise Software Initiative. The contract is valued at $3.31 billion for the first five years and up to $6.99 billion if options are exercised.
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ASIAN STOCKS FELL AFTER A TECH-LED SELLOFF ON WALL STREET, WITH THE MSCI ASIA PACIFIC INDEX DOWN 0.8% FOLLOWING A 1.2% DROP IN THE S&P 500 AND A 1.9% FALL IN THE NASDAQ 100, AS INVESTORS QUESTIONED RETURNS ON MASSIVE AI SPENDING AFTER ALPHABET SANK 7.1% ON A HIGHER CAPEX FORECAST AND TESLA TUMBLED 15% ON DISAPPOINTING PROFITS.
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quote: Yup https://x.com/cb_doge/status/2080349950005875112 | 🚨 Elon Musk on DOGE:
"I think the goal of DOGE was to try to do something about the deficit, which is massive, where the interest payments exceed the amount of money spent on the Department of War. Like basically, if you add up all the money spent on on what is now the Department of War and the and intelligence in the US, that is smaller than the interest payments on the debt.
So we need to sort of take a close look at spending and make sure that money is being spent in sensible ways and that it is not wasted or spent on fraudulent activities. And I got a lot of flack from this for this, obviously. But the people don't understand just how simple it was for the DOGE team to approve payments.
If we literally we were just asked to have the contact information of the recipients or some evidence that say money was going to its intended purpose. But over and over that we were told we need to wire money for some sort of important cause in Africa. And we're like, OK, but the wiring wiring instructions are to Deloitte and Touche in D.C., in Washington, D.C., not to Africa. So we would like to send the money to Africa. Can you please connect us with the recipients so we can send them the money directly? And then we get silence."
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Gemini sent $10M in Bitcoin to Trump PAC after joint motion with CFTC
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COINTELEGRAPH: Gemini sent $10M in Bitcoin to Trump PAC after joint motion with CFTC