Sam Altman’s Worldcoin ($WLD) has lost about 98% of its value, turning a $100,000 investment at its peak into roughly $2,000.
The project’s “Orb” device, which scans irises in exchange for tokens, raising concerns about permanent biometric data collection and consent—echoed by Edward Snowden and researchers like MIT. It highlights regulatory pushback and bans across multiple countries. Some are pointing out that the project’s team of selling large amounts of tokens while supply increases, contributing to price decline, and portrays broader ethical and legal concerns around the project.
US economic data keeps surprising to the upside, while European data keeps surprising to the downside.
That gap just keeps growing, according to Bloomberg economic surprise indexes. Source: Bloomberg, Lisa Abramowicz
The Fed expanded the money supply by nearly $9 trillion under Powell.
Inflation has averaged >4% per year over the past 6 years. Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control. The truth: this inflation was made in Washington as it always is - from too much government borrowing/spending and too much government creation of money. Source: Charlie Bilello
Apple $AAPL is not investing money into AI like the other mega cap companies.
Source: Evan, Leverage shares
The cracks inside OpenAI are deepeningn and the numbers don’t lie. When your own CFO raises concerns, it’s a serious signal.
Here’s what is happening: missed user and revenue targets, while ChatGPT rapidly loses share to Google’s Gemini. Sarah Friar has reportedly warned about funding future compute and pushed back on Sam Altman’s aggressive IPO timeline. Meanwhile, massive data center commitments could burn hundreds of billions before profitability, even after record fundraising. Now the board is questioning spending, and legal pressure from Elon Musk is building. A company valued at $852B—but facing real financial and strategic risks. Source: The Assembly; Chartr
Young talents, don't believe all the negative headlines of AI killing jobs for graduates. Unemployment rate for 20-24 years in the US is actually plummeting...
Source: BofA
DONALD TRUMP JUST ERUPTED ON GERMAN'S CHANCELLOR MERZ
"The Chancellor of Germany, Friedrich Merz, thinks it’s OK for Iran to have a Nuclear Weapon. He doesn’t know what he’s talking about!" "If Iran had a Nuclear Weapon, the whole World would be held hostage. I am doing something with Iran, right now, that other Nations, or Presidents, should have done long ago." Source: Eric Daugherty @EricLDaugh
$440 billion wiped from semiconductor stocks in a single day after 19 straight days of gains.
The $SOX Semiconductor Index crashed 5% on Tuesday, its worst session in months and the first red day after the longest winning streak in the index's history. - $NVDA down 3.2% wiping out $200 billion. - $AVGO down 4.3% wiping out $95 billion. - $MU down 5.8% wiping out $40 billion. - $AMD down 4.8% wiping out $29 billion. - $INTC down 4.2% wiping out $7 billion. Source: Bull Theory
