The future won’t wait for you.

@TFTC21

"Microsoft's revenue went from 198 billion to 332 billion in the last four years, while staff only increased by 2,000 people." @chamath on AI productivity gains at Microsoft.

@TFTC21

"That $80 billion loss is a phantom number." @DavidSacks on why Anthropic's $80 billion loss was not real.

@TFTC21

Trump DOJ backs OpenAI against the New York Times in court. The filing calls training LLMs on copyrighted texts 'extraordinarily transformative' and fair use, and rejects any argument that it violates copyright law.

@TFTC21

Riot police are deployed around the Constitutional Tribunal in Warsaw. President Karol Nawrocki went inside, and scuffles broke out at the entrance. Protesters and police are facing off outside Poland's top court. x.com/newsforbiddenx…

@TFTC21

"There's no single company in the world that is doing more to race towards full RSI than anthropic." @DavidSacks on Anthropic and the coming split with the doomers.

@TFTC21

"The AI complex has gotten so big that it now competes with U.S. Treasuries." @chamath on the systemic risk of AI competing with Treasuries.

@TFTC21

"The entire United States economy is levered to the AI complex." @chamath on AI companies competing with the US Treasury for capital.

@TFTC21

High signal Bitcoin, macro, and AI news, minus the noise. Every weekday. The Commoner covers the stories that matter, like this one, in one email. Sign up for The Commoner: tftc.io/commoner

@TFTC21

Binance lost roughly $6.3 billion, and the failure looks like one signing system that a single compromised laptop may have been able to reach. TRM Labs puts the total at $6.36 billion, about four times the $1.5 billion that walked out of Bybit in February 2025. Most of it left on ten blockchains within roughly 20 minutes of the first transfer at 20:05 UTC. Binance's initial investigation suggests a compromised DevOps engineer's laptop let an attacker into a service container and submit unauthorized withdrawals. Co-CEO Richard Teng later said the investigation "uncovered additional points of breach." TRM's best explanation is that the attacker could make Binance's hot wallet signing system sign whatever it wanted. TRM attributes the theft with high confidence to TraderTraitor, the North Korean unit most people lump in with the Lazarus Group. This is not a Bitcoin failure. TRM puts bitcoin outflows at 18,270 BTC, about $1.47 billion. The address Rob Hamilton pointed to as Binance's cold storage still holds roughly 248,600 BTC and hasn't moved. Tether froze 971 million USDT 37 minutes after the main sweep, and TRM counts about $2.67 billion in stablecoins frozen overall. If Tether can freeze a hacker's dollars that fast, it can freeze yours. Nobody could freeze the 18,270 BTC. Expect regulators to say the fix is letting Big Tech and the banks hold your keys. A bigger company is just a bigger single point of failure. Get your coins off exchanges.

@TFTC21

French lawmakers approved a tax of €0.055 (5.5 cents) per gigabyte of data that companies like Netflix and YouTube send to French users. The vote was 11 to 10. Only 35 of 577 lawmakers were present. Supporters say it could raise up to €10 billion a year. The tax falls on the companies, not users directly, but the cost could be passed on to subscribers. The French government opposed it, warning it would hit smaller French companies hardest. VLC says it would cost it over €1 million a year.

@TFTC21

Lummis to Amanda Fischer: "What you fail to understand about the Clarity Act is that it would classify Binance as a covered person because it is a digital asset service provider." Her read: Fischer cited a savings clause, not the whole section. x.com/senlummis/stat…

@TFTC21

Trump says he is looking into the $6.3 billion Binance hack, as Binance says it has the situation pretty much under control.

@TFTC21

"Microsoft's revenue went from 198 billion to 332 billion in the last four years, while staff only increased by 2,000 people." @chamath on AI productivity gains at Microsoft.

@TFTC21

"That $80 billion loss is a phantom number." @DavidSacks on why Anthropic's $80 billion loss was not real.

@TFTC21

Trump DOJ backs OpenAI against the New York Times in court. The filing calls training LLMs on copyrighted texts 'extraordinarily transformative' and fair use, and rejects any argument that it violates copyright law.

@TFTC21

Riot police are deployed around the Constitutional Tribunal in Warsaw. President Karol Nawrocki went inside, and scuffles broke out at the entrance. Protesters and police are facing off outside Poland's top court. x.com/newsforbiddenx…

@TFTC21

"There's no single company in the world that is doing more to race towards full RSI than anthropic." @DavidSacks on Anthropic and the coming split with the doomers.

@TFTC21

"The AI complex has gotten so big that it now competes with U.S. Treasuries." @chamath on the systemic risk of AI competing with Treasuries.

@TFTC21

"The entire United States economy is levered to the AI complex." @chamath on AI companies competing with the US Treasury for capital.

@TFTC21

High signal Bitcoin, macro, and AI news, minus the noise. Every weekday. The Commoner covers the stories that matter, like this one, in one email. Sign up for The Commoner: tftc.io/commoner

@TFTC21

Binance lost roughly $6.3 billion, and the failure looks like one signing system that a single compromised laptop may have been able to reach. TRM Labs puts the total at $6.36 billion, about four times the $1.5 billion that walked out of Bybit in February 2025. Most of it left on ten blockchains within roughly 20 minutes of the first transfer at 20:05 UTC. Binance's initial investigation suggests a compromised DevOps engineer's laptop let an attacker into a service container and submit unauthorized withdrawals. Co-CEO Richard Teng later said the investigation "uncovered additional points of breach." TRM's best explanation is that the attacker could make Binance's hot wallet signing system sign whatever it wanted. TRM attributes the theft with high confidence to TraderTraitor, the North Korean unit most people lump in with the Lazarus Group. This is not a Bitcoin failure. TRM puts bitcoin outflows at 18,270 BTC, about $1.47 billion. The address Rob Hamilton pointed to as Binance's cold storage still holds roughly 248,600 BTC and hasn't moved. Tether froze 971 million USDT 37 minutes after the main sweep, and TRM counts about $2.67 billion in stablecoins frozen overall. If Tether can freeze a hacker's dollars that fast, it can freeze yours. Nobody could freeze the 18,270 BTC. Expect regulators to say the fix is letting Big Tech and the banks hold your keys. A bigger company is just a bigger single point of failure. Get your coins off exchanges.

@TFTC21

French lawmakers approved a tax of €0.055 (5.5 cents) per gigabyte of data that companies like Netflix and YouTube send to French users. The vote was 11 to 10. Only 35 of 577 lawmakers were present. Supporters say it could raise up to €10 billion a year. The tax falls on the companies, not users directly, but the cost could be passed on to subscribers. The French government opposed it, warning it would hit smaller French companies hardest. VLC says it would cost it over €1 million a year.

@TFTC21

Lummis to Amanda Fischer: "What you fail to understand about the Clarity Act is that it would classify Binance as a covered person because it is a digital asset service provider." Her read: Fischer cited a savings clause, not the whole section. x.com/senlummis/stat…

@TFTC21

Trump says he is looking into the $6.3 billion Binance hack, as Binance says it has the situation pretty much under control.