The Breakdown

The AI bubble could pop even if demand for AI is unlimited

Are stablecoins “the most dangerous form of crypto” or a “global public good”?

Randomness is easily mistaken for meaning, especially in markets.

With every generation, new problems arise — usually caused by the previous generation’s solutions

The need for a public, verifiable ledger system may have prompted the creation of an ancient mountain site

As DevConnect kicks off in Buenos Aires, Vitalik and friends call for a reset

GPUs are starting to go dark even as data-center spending doubles — is a bubble on the horizon?

Jeff Yass bets that prediction markets could stop wars, Paul Atkins’ announcement on “tokens,” and more

If financial nihilism has driven you into memecoins, zero-day options, and sports betting, consider financial optimism instead

Could blockchain rails finally realize Ted Nelson’s non-linear, pro-creator “docuverse”?

A recent mistrial illustrates how juries need more background information when it comes to judging complex systems like Ethereum

The team is betting that a 20-minute hardware trust window beats a new alt-L1

To learn how to navigate the physical world, robots need visual data

Advice from Neal Stephenson, Kyle Broflovski, and Crypto Mom on building in crypto

When crypto meets the courtroom, everyone speaks in food metaphors — and nobody leaves full

Sometimes you need to know what actual humans think, and not just simulated humans

How financial markets actively shape the reality they’re meant to measure

If AI is a bubble, let’s hope it gets even bigger

Don’t judge your decisions by their results

Powell is ending “run-off” to keep reserves “ample” — a far cry from colonial America, where fiscal responsibility was public spectacle

María Corina Machado’s Nobel Peace Prize should change the way the world sees bitcoin

Owning the rails doesn’t help if no one wants a ride

Vitalik wants one story, DATs want five, and investors just want to know which ball to catch

Insiders have the best information — markets should be willing to pay for it