Plasma One's paying you to bring the frens now.
Fresh this week: you bag $10 every time a fren you dragged in spends their first $100 — on a card that was already paying you to do nothing.
Quick refresher for the back row: Plasma One's a self-custodial Visa (backed by Bitfinex + Founders Fund) that puts idle stables to work.
💸 Up to ~6% yield on idle USDT/USDC (variable, no lockup)
🪙 Up to 2% cashback in XPL on every swipe
🔑 Your keys, your coins — a bank can freeze your money, self-custody can't
The Lite card's free. Grab it, spend a bit, drag a fren in, you're up $10. TardFi would've charged you for the privilege.
👉 Claim your free Plasma One card: plasma.org/download/BLCMTS
The D Day is here! Let's keep it short and snappy; most of our pending questions will be answered soon.
Fed’s show coming up at 2 pm ET today, the most divided setup in years, with futures near 31% hike odds while Polymarket prices a 92% hold (it’s actually moving, so watch the updates as we close in), might be a little bit more important than we previously thought, given the next one happens all the way in September.
Right after that, there are mega-volatility-spiking earnings on the tape; find them all here and keep a close watch. As I said, most questions shall be answered soon.
As for Bitcoin, the biggest one is the monthly close: if BTC manages to close above around $64K, the chance of our prayed-for macro bottom increases rapidly. And that’s exactly what I wish to see.
As for altcoins, you’ll find most of the major action at Hyperliquid: HYPE's $817 million unlock lands today into Multicoin and Selini exit flows. Check out the exact times and unlock numbers here.
Oh, and imagine that: ETH/BTC broke its year-long downtrend! If you’re a Tom Lee fan, this one’s for you.
👇 And if you haven’t yet, hit subscribe below 👇
The important bits.
One poisoned pre-market print sent Hyperliquid's SK Hynix perp crashing 18% to $900 in a minute, read here
Ondo scrapped its planned L1 for Ondo Network - trades run in hardware enclaves at CEX speed and settle on Ethereum, with Ondo Perps live first, read here
Robinhood Chain became the fastest EVM chain ever to 100 million transactions - four weeks from mainnet, with TVL already at $325 million, stats here
Galaxy launched GOFR - its lending desk now routes institutional borrow straight through Morpho's open credit network, read here
Robinhood's 70,000 agentic trading accounts face an SEC response deadline Friday, read here
AI x Onchain
Anthropic's Claude Mythos broke a NIST post-quantum signature candidate in 60 hours for $100,000 - cutting HAWK-256's security from 2^64 to 2^38 where two years of human review found nothing, a shot across the bow for post-quantum blockchain roadmaps, read here
Nansen's CEO expects more AI trading agents than human traders within two years - $500 million already routed through the platform, though one agent's $23 profit cost $700 in inference, read here
Bittensor subnet Engy served the 2.8 trillion parameter Kimi K3 on 80 consumer RTX 5090s - a first for open weights, and its alpha token is up 300% in a month, read here
An OpenAI research report made Bittensor's genomics subnet, Minos, its most ambitious case study - a 60x runtime reduction on real human data, read here
Virtuals launched Hyperboost - token rewards injected at graduation, where 75% of tokens print their highest-volume day, read here
KAITO jumped 10% while AI tokens bled - futures open interest hit $178 million, six times March levels, on the X data deal, chart here
Grass round-tripped its 4.58 million token unlock while paying its Season 2 airdrop in USDC from network revenue - a rare DePIN revenue-share signal, read here
Aethir-backed Axe Compute signed over $1.3 billion in AI infrastructure contracts with more than $384 million projected ARR (July 22, still barely covered on CT), read here
AkashML crossed 10 billion tokens served per day in early July - double May's rate - and opened access requests for Nvidia Blackwell B200 capacity, more info here
The detail on Robinhood's 70,000 agentic accounts: up to ten agent sub-accounts with budgets, a Trading MCP server, and Claude, Codex, and Grok all supported - SEC answers due Friday, read here
0xJeff turned a Hermes agent into an autonomous oil trader that pays for its own inference - 66.7% win rate so far, read here
EUR stablecoins sit at $820 million onchain against a $16 trillion offchain market, and tokenized yen JPYC grew 59.5% in a month - the non-USD stablecoin trade is barely started, stats here
Even more important bits.
Morgan Stanley launched the first US big-bank spot ETH and SOL ETPs with staking from day one - 0.14% fees and 95% of rewards passed through, read here
Kraken's parent Payward is buying Magic Labs' embedded-wallet business - the infrastructure behind 60 million wallets and $10 billion in stablecoin volume, read here
The shakeout rolls on: BitMEX closes September 23 and BitMart ends trading August 26 - four crypto failures in seven days, read here
Blockaid counted over $1 billion in crypto hack losses in H1 2026 - an all-time record half, stats here
Charts and stats of the day.
BTC reclaimed $64,500 into today's Fed decision while the Kospi fell another 8% - Fear and Greed sits at 29, stats here
BTC ETFs bled a fourth straight day at -$49.7 million while ETH ETFs notched a third green week - the divergence keeps widening, stats here
Tokenized stocks grew 2,163% in a year to $2.4 billion onchain - Ondo holds 39.4% of the market, stats here
Uniswap cleared $2 billion across v3 and v4 in 24 hours as UNI jumped 7.8% - v3 volume alone rose 36%, stats here
MetaDAO led the entire top 300 with a 40% pump and the top trending slot on CoinGecko, chart here
A PIPEDOG sniper turned $16,000 into $1.2 million in seven hours - a 77x on Robinhood Chain's memecoin frenzy, read here
Ethereum L2 TVL sank to $5 billion, a two-year low - optimistic rollups now hold 96% of what's left, stats here
Yield & LP opportunities of the day.
🟢 Accountable USDC on Monad - ~18% APR, $100 million TVL, audited, fee-driven, no IL, APY fading, earn here
🟡 Uniswap V3 USDC-WETH on Ethereum - ~27% APR, $100 million TVL, audited, fee-driven, IL risk on the pair, earn here
🔴 Pharaoh V3 USDT-USDC on Avalanche - ~47% APR, $5.2 million TVL, emissions-driven and fading, degen only, earn here
Extra degen (deposit only with experience).
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
What Happened to Fake World Assets?
The AI news & updates.
Hugging Face published the full forensics of the OpenAI agent breach - 17,600 attacker actions, nine days to detection, and it took a Chinese open-weights model to trace it after closed models refused, read here
Over 1,000 staff across OpenAI, Anthropic, and Google DeepMind signed a petition asking the US government to help deliberately pace frontier AI, read here
Meta and BlackRock formed a $14 billion JV to build a 1 gigawatt El Paso data-center campus - Wall Street now debt-finances the AI buildout, read here
Moonshot closed $3.5 billion at a $35 billion valuation as ARR tripled to $300 million in three months - a $50 billion pre-IPO round is already being pitched, read here
The FCC banned new Chinese humanoid robots from US import approval after wormable backdoors were found on Unitree bots at MIT and Princeton, read here
MCP shipped its biggest spec revision ever - a fully stateless core, hardened auth, 400 million monthly SDK downloads, and Linux Foundation governance, read here
OpenAI quietly open-sourced its Codex Security CLI, and Hacker News found it before the announcement did, check it out here
AI Charts and stats of the day.
SK hynix printed a record quarter - revenue up 257% at a 76% operating margin - and still missed estimates, dragging the Kospi down 8%, stats here
Bun rewrote 535,000 lines of Zig into a million lines of Rust in 11 days for $165,000 - 64 Claude agents at peak, and the binary came out 20% smaller, read here
AI-security seed funding hit $855 million across 150+ rounds this year, a record pace. The agent-breach panic is only accelerating, stats here
Alibaba's Qwen Audio 3.0 took the number-one speech-to-speech spot at 84.1% - five points clear of GPT-Realtime, stats here
The AI tutorials of the day.
Add a custom MCP server to both Claude and ChatGPT's chat interfaces - Simon Willison's no-fluff walkthrough, read here
book-to-skill compiles any technical book into a Claude Code skill at up to 51x fewer tokens - 12,100 GitHub stars, check it out here
Coding agents lose over half their capability by round five of a task - Philipp Schmid on evaluating agents beyond the first prompt, read here
Train a local open-weights agent with reinforcement learning - class three of Hugging Face's live Training Agents series, watch here
AI Articles of the day.
Inside OpenAI's merger of Codex and ChatGPT into one agent platform - why "Sites" is quietly replacing decks and spreadsheets, read here
SemiAnalysis upgrades AMD from zero chance to a "great chance" of breaking the CUDA moat, read here
Meta and CMU's new agentic context management gets a 27% gain on long-horizon tasks by letting the agent decide what to forget, read here
Pilot Protocol (discovery + payments network for AI agents)
Birdai Labs (onchain execution-quality infrastructure)
Fish Audio (voice AI infrastructure)
Act Security + Hush Security (identity and access for AI agents)
Orochi Network (verifiable data with ZK + MPC)
Ionic Digital (Celsius's old miners turned AI infrastructure)
Weave (engineering intelligence over 2 million PRs)
ZuriQ (trapped-ion quantum processors)
Array Labs (space-based radar constellation)
Credible Data (semantic data layer for enterprise AI)
JurassicFi (the world's first tokenized dinosaur, on Solana August 17) - yes, really
My mind wanders. And most of the time, it wanders around macro bottoms and altcoin bull runs. What I can’t wait for is when it stops wondering and starts being sure about them.
If this was useful, forward it to one person sitting on the sidelines right now. That's how this thing grows. MUCH appreciated.
Hix0n 🫡
