The arrival of August marks the beginning of the end of winter. DJ Sama has a very special set for your weekend listening. We hope you can dance along and enjoy the Afro-house ensemble. Weekend Greetings from TDW!

at the end of last year I had postulated that H1 would be a bubble and H2 would be the beginning of the end. my conviction in this continues to grow: - memory (which us finally dominated by DC) is losing steam - similar to previous cycles the “good guy” driver no longer powering the train is bad - only cloud (renting GPUs to labs) is “actually good” at hypers. that puts crazy onus on 2 co’s that aren’t all coming up roses anymore - now that financing relies on debt, rates glidepathing up is a big problem this will take a different form that before (send it all down!) given that pods must always be long some stocks. i think this is just “big unwind” but i am not sure how the market plays it now vs. ‘22 other than increased vol

The end of one chapter, the beginning of the next. Very happy to add Panorama 90, the final piece of Panorama Season 1 by @YigitDuman to the @IroraCapital collection. Panorama is in my eyes the defining collection of 2026 and really sets the tone as one of the first true AI <> Human art collaborations recorded onchain, a must have for any digital art collection. I highly encourage anyone to walk through the full tapestry in all its glory when they have a moment: