4 year cycle complete, up only from here
WALL STREET JOURNAL:View quoted post on X
NVIDIA IS PREPARING TO OUST JENSEN HUANG FOLLOWING A SECOND AFFAIR WITH A VP AT THE COMPANY
There are no words.
Rylan Fegan
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Another underappreciated catalyst is Anthropic reducing distillation attacks by a reported "90–99%" the last few months.
While this reduces short-term revenue (sorry to the Street, who loves emphasizing QoQ numbers), Anthropic protects its intelligence moat from data harvesters, allowing its models to scale and meet long-term demand for agentic/institutional AI.
While this reduces short-term revenue (sorry to the Street, who loves emphasizing QoQ numbers), Anthropic protects its intelligence moat from data harvesters, allowing its models to scale and meet long-term demand for agentic/institutional AI.
Anthropic IPO Consensus Views:
- Overvalued at $1.5T
- Revenue is flattening
- Token are commoditized due to open source
- Token prices falling faster than demand
- Anthropic shouldn't go public b/c robbing general public of upside and passing on risk.
- Anthropic is Twilio but for intelligence.
Contrarian
- Anthropic is still a 10x from here and has venture upside.
- $80B ARR reported by WSJ is just primarily coding agents and will re-accel with Fable / Mythos
- Finance, legal, life sciences, Ode are all super early ...
- Agents = still early and most businesses think of AI = ChatGPT / Claude app.
- Anthropic will zoom past $100B ARR EOY with release of Fable 5.2 / Mythos 5.2
- Retail is starving for direct exposure to frontier labs and will ape in and drive Anthropic to $3T marketcap.
- Anthropic is easily a $500B revenue business in 2030 with simple assumption Fortune 500 spent 0.1% of OPEX today ... Stripe spends 1% and not crazy Fortune 500 replace labor with tokens in 2030. 1% of OPEX would imply 10x of the $75b revenue Q3'26 so $750B revenue in 2030.
Full thesis + model coming out Wednesday
H/T @zhengjielimmView quoted post on X
Two things can be true:
- PvP platforms attracts bad (illegal?) actors, and the typical user is better off not participating
- Speculation is cultural to crypto and losing money will not change that
$PUMP & other launchpads were built enable fast token creation, and it's the community that chose what to create with that. Good actors also enjoy trenching and continue to participate because they are aware of the risks of chasing fast money.
If what we have seen the past several years hasn't slowed Pump's growth, what will?
- PvP platforms attracts bad (illegal?) actors, and the typical user is better off not participating
- Speculation is cultural to crypto and losing money will not change that
$PUMP & other launchpads were built enable fast token creation, and it's the community that chose what to create with that. Good actors also enjoy trenching and continue to participate because they are aware of the risks of chasing fast money.
If what we have seen the past several years hasn't slowed Pump's growth, what will?
Final update:
I managed to sell most of my PUMP and will clear through it all.
Frankly, the other players who are also "juicing" this, as they say in the trenches, are in a peculiar position as well to be put on blast or worse, face real consequences,
I have much different feelings about Solana more broadly, the DeFi ecosystem, tokenization build and their broader efforts. They’ve done an excellent job to build their brand and scale unique offerings onchain. Solana has earned itself a place in the onchain finance stack.
Backpack, Temporal, Kamino, Jupiter, and many other products are really really great. Pump is a zero to me and I got that one completely wrong.
We'd love to see tokenization and trading to continue to rapidly grow on Solana -- with a focus on high quality assets, similar to how it exists on Hyperliquid.
The R:R ain’t there anymore for me, and so: I’ve sold most, if not all, of my PUMP and intend to sell all of the rest. I gave the durable-revenue thesis more confidence than it deserved and its been proven wrong, in our view.
This trade could play out for speculators, but I'm a long-term investor, and the fundamentals don't add up. That's my take and my last post on pump fun, as the primary issue is the inner circle of manipulators gaming the system & preying on retail.
Pump happens to be the selected venue, amongst others.
$PUMPView quoted post on X
Accelerating adoption of Private Money will continue to justify $ZEC's rerating
After the correlation of 1 reaction to the midterms, I think two of the biggest beneficiaries will be private AI (Venice) and private money (Zcash)View quoted post on X
Why don’t we just tokenize their Data Centers and transport them across permissionless financial rails, thereby avoiding this issue altogether?
Democrat Gina Hinojosa wants a broader data center moratorium if she defeats Texas Gov. Abbott
Jefferies says 13.3GW of Texas projects could be at risk
The state accounts for ~25% of planned U.S. capacity by 2030
ERCOT's 474GW request queue was ~90% data centers in mid-2026View quoted post on X
