pmUSD Halves With No Exit Route (#206#) $PMUSD trades at $0.495, 5049 bps below par and 536 bps wider than the previous edition, on an F safety score of 0 with no supported redemption route. USDC shed $1.05B in a day against a $353M weekly net. See the map.

U.S. SENATE FAILS TO ADVANCE THE CLARITY ACT, WITH LAWMAKERS VOTING 50-49 AGAINST MOVING THE CRYPTO REGULATORY BILL FORWARD. THE VOTE DEALS A SETBACK TO EFFORTS TO ESTABLISH A U.S. REGULATORY FRAMEWORK FOR CRYPTOCURRENCIES.

NEW EPISODE - Bullish on Automation and Robotics, but not Humanoid Robots Humanoid robots are getting the headlines. But @Lux_Capital's @Farshchi says the real robotics boom is happening somewhere else: factories, warehouses, autonomous vehicles, and the software making automation dramatically cheaper. CHAPTERS --- 0:00 Is the Robotics Hype Justified? 2:02 Why Humanoids Aren’t the Main Story 8:14 Robotics vs. Automation 12:20 Specialized Robots vs. Generalists 19:24 Making Robotics Accessible 22:25 AI Unlocks New Robotic Tasks 24:52 Robotics’ Internet Moment 27:52 Robots, Jobs, and Cheap Labor 31:28 What Automation Does to the Economy 39:07 What Still Holds Robotics Back 42:30 How AI Actually Powers Robots 50:49 The Robotics Data Bottleneck 53:34 Robotics Companies to Watch