On-chain tracker Onchain Lens reported a wallet linked to Arthur Hayes withdrew 33,979 HYPE (~$2.09M) from Bybit. Hayes immediately denied making any purchases, contradicting the on-chain data days after dumping 247,000 HYPE.

Bitcoin lost 14.5% and Ether dropped over 17% in the worst crypto week since July 2024. Zcash plunged 30% on a security exploit. Derivatives deleveraging accelerated with $1.2B in liquidations and funding rates flipping negative.

Arthur Hayes sold his full 247,334 HYPE position worth about $18.02 million and also exited NEAR, pointing to heavier competition in perpetual markets and macro risks tied to energy prices, geopolitics, and AI IPOs.

Arthur Hayes argues that rising oil prices, a packed AI IPO calendar and possible anti-AI rhetoric from Trump could break the AI bubble, weighing on crypto in the short term.

Episode 280 of the All-In Podcast pulled together four big debates now shaping the AI market: whether Anthropic and OpenAI should rush to IPO, how much real earnings lift AI is producing, whether open-source models can actually pull enterprise spending away from frontier labs, and what China’s reported plan to curb overseas access to top domestic AI models could mean. Jason Calacanis hosted the discussion with Chamath Palihapitiya, Brad Gerstner and David Sacks, with Brad filling in while Friedberg was away. The panel split sharply on valuation and timing. Brad argued Anthropic could become a blockbuster listing if annualized revenue tops $100 billion, while Chamath said companies should go public as soon as possible if the market has not fully absorbed weak downstream ROI. That skepticism carried into a broader argument over AI economics: Chamath said token costs at one of his companies are doubling every 45 days while productivity gains are capped at roughly 5%, leaving what he sees as only 0% to 2% real AI ROI for the S&P 493. The second half shifted to policy and market structure. Sacks said Chinese labs appear to be following a familiar pattern of going open while catching up, then closing once near the frontier. The episode closed with Brad’s extended defense of Trump Accounts, a plan that gives each U.S. newborn $1,000 in an S&P 500 investment account and reportedly opened 1.5 million accounts within 24 hours of launch.

Bitcoin slipped below $80,000 in Hong Kong trading as Asian demand weakened, Hong Kong spot BTC ETFs stayed muted, and AI-focused IPOs in the city appeared to attract regional risk capital away from crypto.

Bitcoin slipped below $80,000 in Hong Kong trading as weak Asian participation, sluggish Hong Kong spot ETF activity, and booming AI IPOs raised concerns about capital rotation away from crypto. U.S. ETF outflows and weaker spot buying add to near-term resistance.

旧金山因OpenAI、Anthropic等AI公司IPO批量造富，推高租金与生活成本，导致年薪百万美元级别的科技从业者仍无力负担一居室租金。六位数年薪被重新定义为“不够用”，中层技术人才面临被迫迁离压力。这一现象反映出科技行业财富集中与住房矛盾的持续激化。