CFTC Chairman Mike Selig: "Compute is essentially a digital oil. Some have called it the gasoline of the technological revolution. We've got to have these markets here."
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Dave Portnoy: "Clench your butt cheeks, hold your nose, and buy Bitcoin. I don't think Bitcoin's dead. I think too many people are in it."
Small business hiring intentions just posted the largest monthly jump on record.
20% of small business owners plan to hire in the next 3 months, highest since October 2022 and nearly double the historical average of 11%.
Small firms account for ~46% of all private sector jobs. This indicator has historically led payrolls by 3-6 months.
~3.5% of GDP projected for AI buildout over 2025-2032.
For context, that is nearly double the railroad boom.
Calley Means says the era of blindly deferring to top-down health "experts" is over.
"The top companies pitching and getting money are saying, we're going to put doctors out of business. We are going to fundamentally take a sledgehammer and recreate the medical system."
Morgan Stanley projects China's humanoid robot market will grow from ~$2 billion to $15 billion by 2030, with annual shipments jumping from 50,000 to 446,000 units.
Unitree Robotics, China's first listed humanoid company, surged 460% on day one.
The real play may be the component suppliers behind every joint, motor, and sensor.
River built a simulator TUI to fuzz test every possible transaction scenario during their ledger upgrade.
IEA Executive Director Fatih Birol says even if the Strait of Hormuz reopens today, it could take up to two years for oil and gas production to return to pre-war levels.
"We should be prepared for rather volatile energy markets for some time to come."
CFTC Chair Selig says the agency will build its own crypto market structure if the CLARITY Act fails.
He directed staff to “begin exploring rules to codify a CFTC market structure for crypto assets,” potentially allowing leveraged trading under federal oversight.
Former U.S. Treasury Secretary Hank Paulson on the US-China relationship.
"This is what I would call a period of mutually assured economic disruption, which results in a kind of stability. Not from the fact that each side trusts each other. Quite the opposite. But because the costs of escalation are so high."
Former U.S. Treasury Secretary Hank Paulson says the deficit is on a path to destroy America's economic wellbeing and national security.
"$1 trillion is $7,800 for every household. The first rule of holes is to stop digging. And we're digging big time."
The CFTC's new Innovation Advisory Committee holds its first meeting today, covering crypto, AI, and prediction markets.
The room will be packed with many of the same executives who were at yesterday's White House crypto event, plus leaders from traditional finance and academia.
Coinbase CEO Brian Armstrong says "I think there's a good chance we're on the cusp of the next bull market."
"Looking at this September 15 vote for the Clarity Act and then traditionally, following the Bitcoin halving cycles like October. November, December, these tend to be good months for Bitcoin."
Treasury just doubled its buyback operations to $4B/week to suppress yields.
Gold's response: +4.35%
Silver's response: +5.73%
Combined: +$1.3 trillion in a single day
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"If you're not disrupting yourself from within, the market will disrupt you and turn you into a dinosaur."
Chase Koch on why creative destruction is in every meeting at Koch Industries.
Coinbase CEO Brian Armstrong at the White House crypto summit: "He made a commitment to make America the crypto capital of the world. Within weeks of taking office, delivered on that promise."
"I took one of my trading partners to the mat. We were all high-fiving on the trading floor. Three months later he set up a whole business that destroyed everyone's."
Chase Koch on why zero-sum thinking is a losing strategy.
CFTC Chair Mike Selig at the White House crypto summit: "Under President Trump's leadership, we've codified the GENIUS Act, established a strategic Bitcoin reserve, drawn a clear line in the sand between crypto securities and commodities."
Trump at the White House crypto summit: "We're ensuring that America remains the undisputed leader not only in Bitcoin and crypto, but also technologies like prediction markets, artificial intelligence, and much more."