Anthony Pompliano: "Go back to the 90s, we talked about internet entrepreneurs, internet companies. Now we just call them entrepreneurs and companies. In five years, we're not going to use the word crypto anymore."

AOC brought jars of brown water to a congressional hearing this week, saying they came from wells near Meta's data center in Morgan County, Georgia. The clip went viral. Here is what the data actually says. Data centers use water primarily for cooling. A typical facility uses about 300,000 gallons per day. Large hyperscale facilities can use up to 5 million gallons per day, roughly the water needs of a town of 50,000 people. That sounds like a lot until you zoom out. All US data centers combined account for somewhere between 0.1% and 0.4% of total national water withdrawals, depending on the year and whether you count indirect water from electricity generation. Agriculture accounts for 70-80% of water withdrawals in arid states. In Arizona alone, agriculture uses 86% of total water. The entire industrial sector, which includes data centers, sits at around 8%. Golf courses alone use significantly more water nationally than all data centers combined. Data centers also generate roughly 50x more tax revenue per unit of water consumed than golf courses. Nobody is holding up jars of brown water at congressional hearings about golf course irrigation. The technology is also moving fast. Closed-loop cooling systems can reduce freshwater use by up to 70%. Air cooling and immersion cooling can nearly eliminate water use entirely. The industry is trending toward less water-intensive designs with every new facility built. Now, the Morgan County situation specifically. Residents near Meta's data center campus say their well water turned brown after construction began, which included forest clearing and blasting. AOC visited the area and brought the water samples to the hearing. Meta commissioned a third-party groundwater study that found no connection between the well issues and Meta's operations or construction. The EPA's Assistant Administrator for Water said she was aware of complaints about data center water usage but had not received reports about quality impacts. She agreed to look into it. No investigation has confirmed a causal link. Construction blasting near private wells can disturb sediment and temporarily affect water quality. This is a known issue with large-scale construction of any kind, not unique to data centers. Whether Meta's construction specifically caused these well problems is an open question that has not been answered. The broader framing, that AI data centers are a national water crisis, does not hold up against the numbers. At less than half a percent of national water withdrawals, data centers are a rounding error compared to the sectors that actually drive water stress. The real concern is local: a single hyperscale facility dropping into a small rural county can strain a local water system that was not built for that kind of demand. That is an infrastructure planning problem, not an AI problem. Projections from Ceres show that data center cooling water demand could increase by 870% as more facilities come online. That growth rate deserves attention. But the starting base is so small that even an 870% increase would still leave data centers well below agriculture, manufacturing, and thermoelectric power generation in total water use. The conversation about data center water should be about local infrastructure planning and modern cooling technology, not viral clips of brown water with no confirmed cause.

Rep. Mike Rulli: "There will only ever be 21 million Bitcoin." "While governments can print unlimited amounts of money, Bitcoin’s supply is permanently fixed."

Titans HC Robert Saleh: Team removed all seed oils from facilities as part of nutrition overhaul. “One of the first things we did was get rid of all the seed oils in the building.” “I think the players appreciate it.”

"It puts America back in the driving seat for the foreseeable future." Senate Banking Chairman Tim Scott calls passing the CLARITY Act "historic."

Mark Cuban sells most of his Bitcoin, says it "lost the plot" as a hedge during the Iran conflict.

Trump postponed the signing of an executive order on AI and cybersecurity that was scheduled for Thursday at the White House with top tech CEOs present. "Because I didn't like certain aspects of it, I postponed it," Trump told reporters. "I didn't like what I was seeing." He added that AI is "causing tremendous good" and was concerned the order "could have been a blocker." The order had been in the works for over a month, drafted by Chief of Staff Susie Wiles, Science Adviser Michael Kratsios, and National Cyber Director Sean Cairncross. It would have established a voluntary framework where AI labs share frontier models with the government 90 days before public release, and created a cybersecurity clearinghouse through Treasury and other agencies to find vulnerabilities in unreleased models. The delay reflects an ongoing internal split within the administration. MAGA-aligned figures including Steve Bannon and Amy Kremer have been pushing for mandatory government security testing of frontier AI models before release. On the other side, tech industry allies like Marc Andreessen and David Sacks have resisted any mandatory requirements. The order had already been weakened from mandatory vetting to a voluntary framework before Trump pulled it entirely. Axios reports this is "another setback for an effort that has been stalled by internal disagreements." It is not clear when the signing will be rescheduled.

Fox Business reports that Rep. Nick Begich wants the US to stockpile 5% of all Bitcoin as a strategic reserve, the same share of global gold it currently holds.

Jensen Huang says Nvidia has effectively ceded China's AI chip market to Huawei after US export controls pushed them out. "We've evacuated that market. We've really largely conceded that market to them."

BitGo has adds Lightning Network support to its Crypto-as-a-Service (CaaS) platform through a partnership with Voltage. The integration gives BitGo's institutional clients, including exchanges, neobanks, and payment providers, access to bitcoin transactions. The partnership also includes plans for stablecoin transactions over Lightning.

Michael Saylor on CNBC Squawk Box: "I think we'll rally from here... decent support." "The passage of the CLARITY Act will be a big deal."

Marco Rubio on the WHO: "I think they failed miserably during Covid. They covered for China, and that’s why we’re getting out of it... Our number one objective on Ebola, we can’t have it affect the United States. We can’t have Ebola cases coming here."

Ross Ulbricht and wife Caroline announce they are expecting their first child.

The American Reserve Modernization Act (ARMA) would authorize the U.S. Treasury to acquire up to 200,000 bitcoin per year for five years, targeting a reserve of 1 million BTC. The bill was introduced Wednesday by Rep. Nick Begich with 16 original cosponsors. It is a rebranding and expansion of the original BITCOIN Act co-introduced last year by Begich and Senator Cynthia Lummis. It would codify Trump's March 2025 executive order establishing a Strategic Bitcoin Reserve into permanent law that cannot be reversed by a future president. The bill classifies bitcoin as a "Tier 1" strategic reserve asset, putting it on the same legal footing as gold. A separate digital asset stockpile would hold other federally owned crypto. All acquisitions must be budget-neutral. The funding mechanism is revaluing Federal Reserve gold certificates from their current statutory price of $42.22 per ounce, set in 1973, to current market prices. That gap generates hundreds of billions in accounting gains without new taxpayer debt. The bill also ends the practice of auctioning off seized bitcoin. All future seizures would be transferred directly to the Strategic Reserve instead of being liquidated by the U.S. Marshals Service. Existing government holdings would be consolidated into a single audited ledger. Bitcoin in the reserve would be held for a minimum of 20 years. The bill establishes federal custody standards including geographic distribution of private keys across air-gapped facilities, multi-signature governance requiring authorization from the Treasury, the Fed, and an independent third agency, and investment in "quantum-resistant cryptographic upgrades." Rep. Pat Harrigan, one of the cosponsors, said "The United States government already holds billions in seized bitcoin with no coherent strategy for managing it, and that needs to change."

Your electricity bill isn't going up because of AI data centers. It's going up because your state's energy policy is broken. Retail rates are set by public utility commissions. The costs driving your bill higher, deferred grid maintenance, transmission upgrades, wildfire hardening, were baked in long before a single AI server came online. AI is the scapegoat. The AI industry has a massive community relations problem and Bitcoin miners already solved it. Miners learned the hard way that you can't just show up, consume a ton of power, and expect a warm welcome. You have to show the community you're a net positive. Tax revenue. Grid stability. Demand response. Jobs. The miners who figured this out in ERCOT are thriving. The AI industry is five years behind. And their messaging is atrocious. "We need all the electricity in your neighborhood to train models that will replace your job" is the worst possible pitch. The framing should be: we're going to build so much generation capacity that we power our operations AND provide your city with abundant, cheap energy as a byproduct. One solution is building new generation with no grid interconnect, using compute as the anchor tenant to create a sandbox for innovating on energy generation. Natural gas, nuclear, whatever works. This is already happening in the Permian Basin. Once proven out, that generation will find a grid interconnect or create its own mini-grid, bringing new capacity online that benefits everyone. Stop fighting over existing grid capacity and just build more. The ESG crowd in Silicon Valley spent years opposing fossil fuel development while their data centers ate grid power. Now that AI needs more than the grid can supply, suddenly they love nuclear and natural gas. Better late than never.

From peasant life to 10 BTC.

Sphere 3D shareholders just approved the combination with Cathedra Bitcoin. Expected to close June 1st. The combined company will operate over 50 megawatts of energized power infrastructure across the TVA region in Tennessee and Kentucky (near Nashville and Knoxville) and Iowa. Two-grid footprint across the Southeast and Midwest. No debt. Fully unencumbered asset base. The interesting part: the combined company is evaluating its existing containerized, power-ready Bitcoin mining sites for potential retrofit to support AI and high-performance computing. Energized infrastructure already in place. Modular deployment. The goal is to bring AI-ready compute capacity online faster than traditional data center development timelines. This is the bitcoin mining to AI compute pipeline playing out in real time. Companies that spent years building power infrastructure for mining are sitting on the most valuable asset in the economy right now: permitted, energized, grid-connected sites that can be repurposed for the $680 billion hyperscaler capex wave. Zero debt, 50+ MW of live power, and optionality to serve both Bitcoin mining and AI compute, depending on where the economics are best. That is a strong position.

The US government is about to take equity stakes in quantum computing companies like IBM as part of a $2 billion investment.

OpenAI claims one of its models has autonomously solved a prominent open problem in mathematics for the first time. The problem is the planar unit distance problem, first posed by mathematician Paul Erdos in 1946. For nearly 80 years, mathematicians believed the best possible solutions resembled square grids. OpenAI says its model disproved that belief and discovered an entirely new family of constructions that performs better.

Saylor: "I wouldn't want to steal Strive's thunder. I'd like to see them go 10x from here. We're in a cooperative relationship... we're 100x bigger."