CNN: Justice Ketanji Brown Jackson offered a blistering critique Monday of the Supreme Court’s handling of a recent high-profile redistricting case, asserting that the court needed to be “really, really careful” in the churn of an election year to avoid appearing political and suggesting it had failed to do so in that case. “Courts are apolitical, not supposed to be issuing rulings that are in the political realm,” Jackson said at an event in Washington hosted by the American Law Institute. “We have to be scrupulous about sticking to the principles and the rules that we apply in every case and not look as though we’re doing something different in this kind of context.”

Bringing a stablecoin to market What should you do if you are issuing a stablecoin today? @wesarn_real, Co-Founder of @digitalasset says: 1. Focus on the backing assets 2. Build them to be natively onchain 3. Create 24/7 velocity creation/redemption mechanism 4. Focus on the stablecoin having the utility of going in and out of these two forms of money 🎙️ Listen to the latest episode on Tokenizedpod[dot]com

OPEN LETTER TO @POTUS ​An IRGC-affiliated media outlet has published targeted content tracking the daily movements of First Lady Melania Trump, identifying her locations, and explicitly calling for violence against her. ​At the end of the same video, a direct threat was issued to your son, Barron Trump, telling him to "be waiting for us." ​This goes beyond rhetoric—this is a state-linked media arm issuing open calls for violence against American civilians and members of the First Family. ​While federal law enforcement and the Secret Service actively manage these threats, the public must recognize the severity of state-sponsored intimidation directed at the United States.

🚨 INFURIATING: Democrat KY Gov. Andy Beshear is REFUSING to stop issuing driver licenses to illegals driving MULTI-TON TRUCKS with NO ABILITY to speak basic English INNOCENT AMERICANS ARE DYlNG. BLOOD IS ON YOUR HANDS, @AndyBeshearKY This guy wants to be elected PRESIDENT in 2028. CAN’T HAPPEN!

Israeli Prime Minister Benjamin Netanyahu is accusing New York City Mayor Zohran Mamdani of aligning with Hamas — issuing the fiery response just days after the democratic socialist mayor released a video calling him a "war criminal." The war of words comes as more than 12,000 people have signed a petition calling for Mamdani to be barred from attending the city's memorial service honoring 9/11 victims and their families. @CB_Cotton has the latest.

In the autumn of 1939, war broke out and the world braced for it to be total. Then for six months almost nothing happened. Historians ended up calling it the Phony War, mobilization without any real strike, a pause that got mistaken for calm. I think we just watched the financial version of that play out, except the run up wasn't quiet at all. The pressure had actually been building for weeks. 30-year yields grinding up to a 20-year high, real yields creeping higher in a way that felt less like normal supply digestion and more like the market starting to price in disorder. A genuine test of whether the government can keep issuing debt at this pace without something breaking. First, the Treasury blinked, ostensibly to support the $JPY. Then, overnight, the Treasury doubled the size and frequency of its long-bond buyback operations. On the surface it looks like a technical liquidity fix. But what it actually is, is the government increasingly stepping in to buy its own debt because the market was telling it pretty loudly that private demand alone couldn't keep clearing it. While it is the new paradigm, by 'normal' conventions its not routine. That's a response to real strain, and in its own way an admission that the fight over how this debt gets financed has already started . Hence why they indicated the buybacks could be increased. Here's the part that matters most though. It's small. A few tens of billions against a $739 billion quarterly borrowing need. It doesn't shrink the debt stock or change where it's heading. What it does is buy some time and calm some nerves. The market read it as resolution; yields fell, debasement assets; gold and Bitcoin (especially) bid. But putting a band-aid on a wound that's still bleeding doesn't mean the wound is gone. It just tells you the wound is real and acknowledged. Combined US federal and nonfinancial corporate debt is now near $48 trillion, up from roughly $36.4 trillion five years ago. That's not a chart that quietly resolves itself. Somebody has to finance it, and increasingly it looks like the buyback desk and eventually the Fed will be doing more of that work than the bond market itself. Markets relax when pressure eases, even temporarily. This doesn't feel like the end of that pressure to me, though, more like the months before it comes back in force. And history's a decent guide here. Don't wait for the next leg of stress to go looking for a store of value; position for it during the quiet instead. The market is telling us with the move in bitcoin:native and $GLD overnight. We haven't seen the big artillery yet. But the market just told us the war's already started.

On paper, @Uniswap built the better launchpad on Robinhood Chain. Trading there costs 4x less, the tech is newer, and they've got the biggest distribution in DeFi behind them. Yet a launchpad called @ponsdotfamily is still outtrading them 3 to 1 on Robinhood. What's going on? Why this war matters This is all happening on @RobinhoodCrypto's own chain, and a lot of people expect Robinhood to be the Solana of next season. The early numbers back the hype: • 2.6M+ daily transactions • 200K+ daily active addresses • $300M+ in daily DEX volume Launchpads drive a big chunk of that activity. Everyone watched print on Solana last cycle, so if Robinhood really is the next home chain, whoever owns its launchpad owns one of the best businesses of the cycle. The incumbent Pons wasn't even the first king here. A launchpad called NOXA dominated the early days until it abruptly stopped issuing tokens on July 11, and Pons absorbed the entire market within days. At its peak, Pons processed 1.65M trades in a single day, more than half of all transactions on the whole chain. The challenger Then @Uniswap decided it wanted the market for itself. What's ironic is Pons is built on Uniswap's own rails, and Uniswap had featured it in their launchpad aggregator just six days before launching @TradePools to compete with it. This wasn't a quick money grab, it's a solid product: • Trading costs 0.25% instead of the 1% Pons charges • Fees compound straight back into each token's locked liquidity • Every token plugs into Uniswap's entire distribution surface on day one Hayden Adams framed it as a bet that users "will prefer quality tech and a level playing field." You'd expect Pools to eat this market inside a week. The result And for about 48 hours, it looked like they would. Pools out-launched Pons on day one, 10,506 new tokens against 7,210, and grabbed roughly half of all launchpad volume on the chain. Then attention shifted back home Six days in, Pons is back to around $50M a day while Pools sits near $15M, and not one of those ten thousand tokens has crossed a $10M market cap. Only two have even crossed $1M. Distribution bought Uniswap a spike in attention, but it couldn't buy retention. What actually wins So what's going on? Follow the money. Run $1M of volume through each platform: • Pons collects $10,000, hands $7,000 to the token's creator, and burns PONS with most of the rest • Pools collects $2,500, and the creator gets $500 if they even turned the fee on A creator earns 14x more per dollar of volume on Pons, and that one number explains everything. The 1% fee everyone calls extractive is really Pons paying its supply side. Creators shill their coins every day because their income depends on the volume, and holders evangelize because every trade burns PONS. Uniswap built the perfect product for traders and forgot that traders follow attention instead of creating it. So Pools got ten thousand tokens from people with zero reason to promote them past hour one, while Pons kept the tokens people actually fight over. The takeaway Launchpads are ATTENTION businesses, and the tech is table stakes. Pools is six days old, so this war isn't over, but winning it means out-paying Pons for the people who bring the crowd, not out-engineering them. So next time a launchpad war breaks out, skip the feature comparison and look at who's getting paid to fill the room. "Show me the incentives and I'll show you the outcome"