Bitcoin treasury companies are sitting on billions in idle BTC. What are they actually doing with it? 🎧 @MarvinDefi on the future of Bitcoin treasury and why most companies are getting it wrong.

Here’s why couples who have recently started dating are putting their compatibility test with a vacation—and fast-tracking their relationships like it’s the TSA Precheck line.

Do not use the notional value of Leopold’s put options. It is very misleading. Leopold Aschenbrenner’s Situational Awareness LP 13F: Common stock longs: $3.856B Call positions, underlying value: $1.362B Total long / call exposure: $5.218B The reported put value is mostly underlying notional, not the actual premium paid. Some estimate: he may have spent around $500M buying the puts. Very rough number, but directionally important. This looks less like a “massive bearish short” and more like a large downside hedge / protection overlay against his long AI infrastructure plays. Most likely, he was hedging for war / macro tail risk (seems reasonable hedging) and the puts got smoked after the massive semi rally in April. Now FinX is running with the fear narrative.

JENSEN HUANG WAS JUST ASKED IF HE FEELS RESPONSIBLE FOR THE WAY AI WILL TRANSFORM HUMAN LABOR His answer was a masterclass in why this revolution will be different. Then he ended with this line: "Everybody will have to use AI because if you don't use AI you gonna lose your job to somebody who does." His full reasoning: "Our job is not to wrangle a spreadsheet. Our job is not to type into a keyboard. Our job is generally more meaningful than that." "AI will drive productivity, revenue growth, and therefore more hiring." "It's for certain everybody's jobs will change as a result of AI. Some jobs will disappear obviously. Every single industrial revolution some jobs are just gone, but a whole bunch of new jobs are created." The thesis: AI is the next industrial revolution. Adapt or get replaced.

STOCK PICKS FOR THE WEEK: @KrisPatel99: $SNDQ, $MUD @RealSimpleAriel: $SOXS, SHORT $SOXL @NickDrendel: $XLE, SHORT $AXTI @WolfRyan: $WMT, $ARMG @StockMKTNewz: $MUU, $SNDG @AceTheKid: $TQQQ, SHORT $SQQQ What would you have picked? 👇

Kyung Kye-hyun, a standing adviser and former head of Samsung Electronics' Device Solutions division: "Chinese companies are aggressively expanding their production capacity (CAPA)," "The market could shift starting in the second half of next year or the first half of 2028, when memory supply will surge." There is actually nothing new here. The industry widely expected it and priced it in accordingly. The problem is that everyone could still be wrong about AI demand, just as they have been over the past few years.