Giacomo Benincasa (@Giacomo659826), Legal Counsel at Midas, joined the panel "From DeFi to Tokenised RWA: The New World of Finance" at Nexus Luxembourg alongside @coinbase, @Bitwise and @SafelloAB. In his words: "The thing I stressed the most: the use of tokenised real-world assets as collateral on on-chain lending markets is a proven use case for tokenisation. As traditional finance moves on-chain and demand for high-quality collateral assets accelerates, tokenised fund shares can be the perfect answer to that demand, and lending markets may in turn become a new distribution channel for traditional investment funds."

Marc Benioff, co-founder & CEO of Salesforce: SaaS CEOs hurt by AI-driven valuation resets should stop whining. Public markets rationalize; private valuations are fantasy until paid. Focus on revenue, customers, cash flow, profit, innovation, and value.

Marc Benioff to SaaS CEOs upset about AI hurting their valuations: Grow up, wipe your tears, focus on the customer Chamath: “ Let's say you were running a software company that was before the AI wave and you're private. There's a bunch of these companies that were supposed to go public, (but) didn't go public. What should they do? What do those boards do?” Marc @Benioff: “Here's some Kleenex for them for all their tears. I mean, I talk to these CEOs, they're crying, "Look at my market cap, I'm not getting paid for my work." Guys, grow up. That's what I love about the public markets, they rationalize everything all the time. So great, be in the public markets. You want to be in a private market? Your valuation is fantasyland until somebody's actually going to pay you. So I just tell them, focus on your revenue, focus on your customers, focus on your cash flow, focus on your profitability, focus on your innovation. How are you going to add value to your customers? That's what's really, truly important.”

Business inflation expectations remain benign. According to the Atlanta Fed Business Inflation Expectations Survey, the median expected change to unit costs over the next 12 months fell to 2.1 percent in July, the lowest since March.

Never mind June's benign CPI report. By the fall, the pressure on the Federal Reserve to tighten monetary policy will become overwhelming, says former New York Fed President Bill Dudley