TFTC

"You never walked into a grocery store anywhere in America or anywhere in the world and something popped up that allows you to pay with your U.S. Treasury or your stock or your bond?"

on paying in bitcoin.

JPMorgan expects Bitcoin to outperform every major asset class over the next decade.

.

: "Almost all of the Bitcoin is owned by the people and that is why I think it's far too late for Wall Street or anybody to try and control this thing because they don't have the physical and they can't get the physical from us."

.(alalmoskvin) explains the Shielded Bitcoin metaprotocol.

Private transfers on Bitcoin L1, encrypted notes, and wallet recovery from a seed phrase.

The spot bitcoin ETFs pulled in $526.6M yesterday.

IBIT took in $665.2M. FBTC and GBTC lost $138.6M combined.

You can get that from your AI every morning now. Plug the free TFTC MCP server into Claude, ChatGPT, Cursor or Hermes and ask for daily flows, fund by fund, all the way back to launch day in January 2024.

No account. No API key.

http://tftc.io/ai

BlackRock just filed for a "buffer" Bitcoin ETF (ticker $PBIT).

"The sins of the past and the financial crisis never went away. They're still sitting in the credit system today."

on why the credit system is more fragile than 2008.

Jensen Huang says every company will have two factories: one real, one digital.

"Everything will be completely software-driven. Everything will be completely AI-driven. So every company will build two things. They will build brains, and the brains that go into the products that they ship."

Former IMF adviser warns the dollar's collapse could happen faster than expected.

"We're at an inflection point where the dollar begins to lose its global role more quickly."

"It's a math problem. You can't grow your way out of it. You have to print money."

on the $40 trillion debt.

"If anything, they're cannibalizing adoption and they're confusing people about Bitcoin that would be adopting Bitcoin."

on Bitcoin treasury companies.

"It's a fight club situation, right? The first rule of any of this is you don't talk about any of it publicly." -

We discuss: ⚡ The bond market doom loop ⚡ The AI trade hits a wall ⚡ The diesel squeeze into 2027

AI-related stocks now make up 49% of the S&P 500.

That's above the peak of the dot-com bubble (41%) and Japan in 1988 (44%). Only the railroad mania of 1881 went higher, at 63%.

DeepSeek's latest Flash model scored 75/100 on Browser Use's long-horizon browsing benchmark, tying Anthropic's Opus 5.5.

"You don't have to create these false narratives about Bitcoin being digital capital or batteries. It's money."

on Bitcoin as money.

TFTC 803 w/

: "The sins of the past in the great financial crisis never went away. They're still sitting in the credit system today."

We discuss: ⚡ The credit market cracking ⚡ Why hyperinflation is inevitable ⚡ Bitcoin's worst sentiment ever

MSTR bumps STRC buyback from $2B to $3B.

STRC hit $99.9 last week before fading to $97.72 post-MSCI removal.

"One of the first things they taught us is basically we make money on the float."

Mel Mattison on how banks profit from your deposits.

"I think you have to realize that the AI trade is not AI."

Mel Mattison on the AI trade.

"This theft of younger generations by the older generations, it is going to come to an end."

Mel Mattison on the gerontocracy.

"It's the dumbest institution that's ever been created. It's there to protect the banks."

and Mel Mattison on the two-tier system.

"Warsh is just constantly talking like he's the Clint Eastwood of central bankers."

Mel Mattison on why the Fed can't hike.

"It was just paying money to itself. Now it's got to pay money outside."

Mel Mattison on the Social Security trust fund.

"Nobody's going to have a checking account 10 years from now in the way that we think about checking accounts."

Mel Mattison on agents killing the bank float.

TFTC 802 w/ Mel Mattison: "This is a criminal cartel that's fleecing society, that's fleecing America. There is no reason that we even have a Federal Reserve. It's there to protect the banks."

We discuss: ⚡ The end of the bank account ⚡ Warsh is trapped ⚡ The debt trap

Goods prices at the producer level rose 2.6% in September, the biggest monthly jump since the BLS started tracking it in 2009.

Gasoline alone rose 20.3% in a single month.

Meanwhile, inflation-adjusted wages fell again.

Anthropic cut the lag before Claude Code starts responding by 3x since August, from 4.07 seconds to 1.33.

The fix: it now compresses the conversation it sends each turn, and cloud sessions spin up as soon as you start typing.

Bitcoin developer Gregory Maxwell claims he attempted the same NIST ECDSA curve seed investigation using Anthropic's Claude about a month before the company's announcement.

He calls it "an obvious question that many people have surely posed."

A video explaining how Anthropic's Claude solved a 25-year-old cryptographic mystery about the origins of the NIST elliptic curves.

Michael Saylor: "Bitcoin is up approximately 38% a year, every year."

"Bitcoin is outperforming gold. Gold is outperforming the S&P index."

Michael Saylor: "We think we're at the beginning of a bull market."

"We've got banking adoption accelerating. We've got tokenized securities and the digital asset space accelerating... all these things are very auspicious for the asset."

For 25 years people speculated the NSA hid a backdoor in the NIST curve seeds.

Turns out the P-256 seed was candidate #1842 from a random number generator started at 01:52:34 UTC on August 16, 1997.

Claude figured it out in under half an hour. The scariest thing AI has done to ECDSA so far is make it look less suspicious.

Every sat you buy on an exchange is a sat that knows your name.

(simpleminingio) lets you mine bitcoin at their facility. Fresh sats, straight to your wallet. No KYC.

https://www.tftc.io/simplemining/

Investor Ben Narasin on Anthropic's growing revenue as it prepares for its highly anticipated IPO:

"This is the fastest growing business in all of human history."

The correlation between bitcoin's market cap and 10-year real Treasury rates has risen to its highest level on record, according to new analysis from Fidelity Digital Assets.

Court records reveal what it looks like when Telegram hands user data to U.S. authorities.

A letter filed in a federal case shows Telegram providing a user's phone number, user ID, and IP address, signed off with "We hope this information will be helpful in your investigation."

As of January, Telegram had provided U.S. authorities with data on 2,253 users, a dramatic shift after French authorities arrested CEO Pavel Durov in August 2024.

https://www.404media.co/heres-what-telegram-giving-data-to-the-u-s-government-looks-like/

Trump's former Deputy Director of National Intelligence, Amaryllis Fox Kennedy, is now a registered lobbyist for Anthropic.

A statue of Satoshi Nakamoto unveiled in Vienna, Austria.

Peter Van Valkenburgh's full speech at the 2026 Coin Center Annual Dinner.

"A developer shouldn't have to risk indictment in order to know what the law means."

Bitcoin just had a ~6% upwards difficulty adjustment.

Hashrate and difficulty are back at levels not seen since March.

Google just ran "magic state cultivation" on real quantum hardware for the first time, per a paper in Science.

What it did:

Cut magic state errors 40x on its Willow chip Hit 99.99% fidelity using 54 of Willow's 105 qubits Threw out about 92% of attempts to keep the clean ones

What it didn't do:

Get anywhere near breaking encryption. Google's own paper says cracking RSA-2048 needs magic states about 1 million times cleaner.

Why Bitcoiners should care: in March, the same team estimated Bitcoin's signatures could be broken with under 500,000 physical qubits. Around 6 million BTC sit in addresses with exposed public keys.

Fed Chair Kevin Warsh on AI: "the most consequential change to the U.S. and the global economy in my lifetime."

He also warned the road there is "likely to be a very bumpy one."

Anthropic launched an AI security scanner for open source. Spiral is applying with LDK, Goose, and Mesh LLM.

"We already know Anthropic has been scanning Bitcoin Core. By us applying, it's not like we've given them some new permission. More the merrier."

Google just achieved 99.99% fidelity in quantum error correction, a critical breakthrough that brings large-scale quantum computing closer to reality.

Using "magic state cultivation" on its Willow processor, researchers hit a "40-fold reduction in errors," directly addressing a bottleneck where up to 95% of a quantum computer's capacity was devoted to producing the specialized states needed for computation.

Google's Willow processor has 105 qubits. Even the most optimistic estimates say breaking bitcoin's elliptic-curve cryptography would require around 500,000.

Scaling qubits while maintaining error correction is an entirely different engineering problem than what was demonstrated today.

https://blog.google/innovation-and-ai/models-and-research/quantum-computing/magic-state-cultivation-quantum-computing/

Singapore public company BitFuFu added 15 bitcoin to their treasury, bringing total holdings to 1,388 BTC worth $114.2 million.

The Bitcoin Policy Institute tested 13 frontier AI models from OpenAI, Anthropic, Google, xAI, DeepSeek, and others on which money they'd choose for different financial tasks.

Bitcoin was selected in 70.8% of responses about saving for the future. Stablecoins were chosen 73.5% of the time for everyday payments. Fiat led only in unit of account (setting prices).

As AI agents start handling real financial tasks, they're already converging on bitcoin for savings.

Coin Center's Peter Van Valkenburgh: "Our mission was never simply to get the government to say yes to crypto."

"Will the law tolerate software that nobody controls, communications that nobody intermediates, computer programs you run yourself, transactions that no one has the unilateral authority to reverse? Those are the hard questions."

Tether is backing AIsa, a platform where AI agents can autonomously access and pay for data, APIs, and computing resources.

Tether CEO Ardoino: "As AI agents take on more work, people need a way to give them access to services while keeping control over what they spend."

https://tether.io/news/tether-invests-in-aisa-to-expand-its-push-into-ai-powered-payments-and-programmable-money/

GameStop CEO Ryan Cohen: "The pace at which the technology is developing, and how much smarter the machines are than humans, it really puts us in a position where we have very little utility."

"The inflow of intellectual property into this country is unlike anything the world's ever seen."

5 of 6 on stage at the White House were born outside the US. Jensen calls this America's superpower.

"We solved Navier-Stokes. We'll look back and say that was the worst intelligence we're ever going to have, solving a millennium problem."

Jensen says the cost of intelligence will fall like Moore's Law, with a massive vacuum of opportunity waiting to be filled.

SEC just approved binary options tied to public company KPIs on Cboe, including Coinbase, Robinhood, and Marathon.

Traders can take yes/no positions on metrics like Coinbase trading volume, Marathon's BTC production, and Robinhood's revenue.

SEC Chair Atkins called it "a new spirit of harmonization, innovation, and investor choice."

h/t Eleanor Terrett

"We're literally the only one" you can hand a $100 billion check to for next-gen chips, sight unseen.

Jensen compares NVIDIA's position to TSMC's, arguing fungibility and trust make them irreplaceable as AI infrastructure scales globally.

"If Anthropic wants to go to Japan, Korea, in a heartbeat. We're already there."

Jensen says Elon "moved from the K's to the M's" on GPU orders, now wants 10 gigawatts by end of 2027.

Reveals NVIDIA and SpaceX are building server architecture together for data centers in space.

"I can't wait to be a payload... I mean, not personally."

NYC Comptroller urges Anthropic to "pause its planned IPO until the company fully and transparently addresses its AI safety, governance, and development pace concerns."

US mortgage purchase applications are down 60% from their pandemic peak.

Demand is back near 1995 levels.

Anthropic's revenue grew about 46% last quarter to $16.8 billion.

The quarter before, it grew about 145%.

Jensen Huang on why the US should keep engaging with China on AI: "We absolutely should work with each other so that we advance technology safely."

Nvidia CEO Jensen Huang on whether he'd cut off chip supply over unsafe AI:

"It's a hypothetical, but of course. If we know for certain that an application of our technology is bringing harm to people, of course."

"You can actually change the regulation."

Bryan Jacoutot on FinCEN backing off its address reuse rule.

Latin America's largest corporate bitcoin holder OranjeBTC says Brazil is "quite advanced in terms of adoption" and that one of their main goals is helping people understand how bitcoin can be a meaningful way to store wealth for the long term.

"They were using AI to kind of alter evidence a little bit more in their favor."

Bryan Jacoutot on AI-faked evidence in court.

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"It's going to be impossible to discern real from fake AI videos."

on Bitcoin timestamps in the age of AI.

Cash App is reportedly building a way to let users lock in today's bitcoin price and pay over time, making it easier than ever to become a wholecoiner.

Verdict Capital's Michael Fertik on why Anthropic going public matters: "A lot of chips are on black... Anthropic is going to be a blockbuster that might cover some of the potential gaps from an OpenAI non-IPO. We're not really clear whether OpenAI will ever IPO."

Stanford cryptographer Dan Boneh on whether AI could break cryptography: "Now there's a new player in town. Maybe they'll see something that us humans have not seen. But I need to stress this is not a new possibility."

"Just get the books, put them in PDF, hash, prove it was a certain point. Don't delete history on us."

and Bryan Jacoutot on AI companies burning the books.

Jack Mallers breaking down his theory on Bessent's broader monetary strategy:

"Why is Bessent allowing the move index to potentially cause a financial crisis? Well, he's blowing the euro system up...

France has every single weakness at once. Massive debt, massive deficits, a huge government. The voters refuse to fight for cuts. And France can't print its own money.

Scott Bessent blew up the Bank of England. If anyone knows, he knows."

Jeff Booth on walking away from a successful career to bet on something new:

"My friends asked me, my parents asked, what are you doing? You're doing well in real estate, you're doing well in building company, why are you giving this all up to start a dot-com company?"

"Folks can capture the live stream, run it through a Gen AI program to make it look like something nefarious is going on."

Bryan Jacoutot on hashing election footage into Bitcoin.

Saylor responds to MSCI removing bitcoin treasury companies from its indexes: "Not that important to us... They're imposing prejudicial values on digital assets. Digital assets are smarter, faster, and stronger. MSCI may not want to share in it, but investors and the nation will disagree."

Square unveiled a new self-service kiosk for restaurants with a 21.5-inch touchscreen and built-in voice ordering.

Guests can speak their full order, ask menu questions, and pay with tap, dip, or PIN on the same screen. The kiosk uses sales data to make upsell suggestions based on time of day and what's already in the cart.

It syncs with Square's POS system so menu and inventory changes push automatically.

Researchers at TU Wien are working to formally prove the security of the Ark protocol.

Pim Keer from their Security and Privacy Group breaks down what that process looks like.

HEX and PulseChain founder Richard Heart (real name Richard James Schueler) has been arrested in Istanbul following a joint Turkish intelligence and police operation.

Heart was wanted under an Interpol Red Notice issued at Finland's request, primarily for aggravated tax fraud.

Police detained Heart and his wife at a residence in the Beşiktaş district after extensive surveillance. Authorities reportedly seized large amounts of cash, dozens of luxury watches, gold jewelry, firearms, and electronic devices, though exact figures vary across Turkish media reports.

The SEC filed charges against Heart in 2023 for raising over $1 billion through unregistered crypto offerings, but a U.S. judge dismissed the case in early 2025 for lack of jurisdiction.

The Interpol notice stems from separate Finnish criminal allegations.

TFTC 801 w/ (BryanJacoutot): "Not only are people believing that AI videos are real, they're now not believing that real videos are real. That's a nation state or an adversarial attacker's dream."

We discuss: ⚡ Faking an election ⚡ Bitcoin as evidence ⚡ Timestamping the truth

"A system of central banking and wars run on behalf of the empire to keep the central bankers and these powerful financial interests in power."

Susan Kokinda on what Trump is actually disrupting.

NY Fed President John Williams says one more rate hike is appropriate this year, but he doesn't expect the Fed to raise rates again in 2027.

"He sees no signs of an overheated economy. The labor market's in balance. The tariff inflation effect will fade. And he says even if energy prices stay up, they're not going to push inflation higher next year."

"If market rates stay at this level, the Fed doesn't have to do a whole lot more."

Jensen Huang says the AI industry is not building too fast.

"Demand is much, much greater than the supply."

He predicts supply and demand could balance out in about 5 to 10 years.

"We probably shouldn't blow up the world over Taiwan."

Susan Kokinda on why the US shouldn't treat China as a permanent enemy.

Coinbase publishes article proposing a technical roadmap for Bitcoin's post-quantum security transition.

"Coinbase believes that Bitcoin will continue to be the most trusted cryptocurrency in a post-quantum world."

The company is pushing for quantum-resistant signatures, hybrid spending paths, and a migration plan for the estimated 6.7 to 7 million BTC held behind keys already exposed onchain.

"Some questions, including how to handle abandoned or inaccessible coins, are difficult and deserve thoughtful debate. In our view, that discussion can continue alongside the technical work to add post-quantum signature support to Bitcoin."

https://www.coinbase.com/blog/working-together-on-btc-post-quantum-readiness

Anthropic engineers released a free 1-hour crash course on building AI agents with Opus 5.5.

Covers skills, loops, memory graphs, agent orchestration, and reverse engineering.

BIP Explorer puts all 213 Bitcoin Improvement Proposals into plain English with a visual map showing how each proposal led to the next across Bitcoin's entire upgrade history.

Jack Mallers on why the Fed's rate hikes might be making the problem worse, not better.

"When the Fed raises rates, the treadmill speeds up because every dollar the government borrows costs more. And the legs slow down because higher rates slow the whole economy. The rate hike gives the government exactly what it can't afford."

Michael Saylor at DC Fintech Week with Chris Brummer, Founder & CEO of The Fintech Foundation.

UK authorities froze the London penthouse, watches, and jewelry of Thet Li, the man the U.S. Treasury calls the finance chief of Cambodia's Prince Group scam network.

The penthouse overlooks Buckingham Palace and is valued at 8.9 million pounds. Freezing orders also cover 10.6 million pounds in watches and jewelry.

Washington is moving to forfeit roughly $14 billion in bitcoin tied to the network, one of the largest crypto seizure efforts ever.

David Sacks on what he calls "rotating hoaxes" designed to turn people against AI.

"We have a series of rotating hoaxes, where every six months there's a new one to try and convince us to sabotage the thing that's going to solve so many of our problems, especially the ones around affordability."

Meta's secret weapon isn't the AI model, it's the flywheel.

"You train a model, you then run inference on it, which is the tokens in, that recommendation model results in better content recommendations, it drives consumer engagement, daily active users' time spent, it translates to monetization and ads or subscription, which pays for the next model training run."

Instagram Reels watch time up 30% YoY just from scaling the rec engine.

"These scaling curves aren't just academic research. They're driving real product impact at scale for some of the biggest consumer businesses in the world."

Rinse and repeat.

The S&P 500 is up 14% this year.

More than 200 of its stocks are down.

Japanese investors sold a net ¥4.45 trillion ($28 billion) of long-term US government bonds in the first half of 2026.

It's their first half-year of net selling since 2022.

"You're seeing a clear shift in South America. Not just friendliness to the US, but less receptivity to Chinese ownership of local assets."

and

on the Monroe Doctrine playing out in real time, from Iceland to Brazil.

TimechainIndex just dropped interactive Bitcoin transaction flow charts.

Explore inputs, outputs, labels, and UTXO ages with live search and zoom.

Address and transaction tracer coming next.

"We should behave as if elliptic curve cryptography will eventually be broken and build new cryptographic primitives to head off that reality."

and

on the AI-breaks-Bitcoin FUD and why the right response is preparation, not panic.

Stanford cryptographer Dan Boneh: "If the labs try their best models at our basic cryptographic assumptions and the models fail to break them, that will give us tremendous confidence that our assumptions are valid."

"If you really got Iran on the ropes, got them down to last alternatives, there's a world where that optimizes for one final major kinetic push with nothing left to lose."

on why celebrating prematurely is dangerous.

New Anthropic research warns that "small AI models may be months away from being capable enough to self-replicate on commercial IoT devices" like smart ovens and TV boxes.

In testing, a 9B parameter model got inference running on 8 of 9 hardware types. Researchers ran a 26B model distributed across 15 off-brand Android TV boxes bought for $55 each.

"Unlike non-AI malware, it could figure out unfamiliar devices on its own."

https://www.anthropic.com/research/self-replicating-ai

"There was going to be a moment of reckoning where the would-be middle powers were going to have to choose one side or another."

on Europe being forced to pick between the US and China.

China's CPC Central Committee and State Council published a policy document on October 9 calling for a national blockchain network as part of 19 measures to develop "new quality productive forces."

The plan links blockchain to a unified computing power network, data markets, and industrial digitization, building on the state-backed BSN launched in 2020.

The cryptocurrency ban remains in place. China wants the blockchain without the freedom. Permissioned, controlled, state-run. The digital panopticon gets another layer.

https://english.www.gov.cn/policies/latestreleases/202610/09/content_WS6ac8d93ec6d00ca5f9a0d95c.html

"Their way of life, of building this building together, known as software, was now being deprecated."

Jason Calacanis on the death of coding as we know it.

"You can see where this is heading. This appears to be gaining traction and momentum, as you often see at the end of these massive debt cycles." -

We discuss: ⚡ France's debt crisis ⚡ Europe turns on China ⚡ The Bitcoin security scare