Greg Wilson argues that an anti-democratic current in Silicon Valley links figures including Peter Thiel, Curtis Yarvin, and Marc Andreessen, then extends into platform power, crypto narratives, and AI governance.
Chevron and Microsoft signed a 20-year power purchase agreement to build a 2.67GW co-located natural gas plant in West Texas, directly supplying Microsoft’s AI data centers. Project Kilby’s first power is targeted for 2028, generating over $10B in tax revenue for Texas.
Secret Network proposed migrating SCRT tokens from Cosmos to Arbitrum, citing security risks, weak liquidity and outdated code. The move follows a $4.7M Axelar-Secret bridge exploit. A snapshot is set for Sept 1; SCRT tumbled 25% in 24 hours.
Figure Technology Solutions acquires Kiavi for $717 million, moving the largest US residential transition loan originator onto its blockchain marketplace and expanding tokenized lending with AI platform Adaptor.
The crypto market turned red in 24 hours with BTC dropping to $92,531, ETH to $3,195, and XRP to $1.96 amid profit-taking. Mid-cap tokens like DUSK and SURGE posted strong gains, signaling capital rotation rather than panic selling.
Platforms like Hyperliquid and Vertex unify spot, perpetuals, and options under one margin system, slashing collateral needs by 30–50% and driving massive user retention.
The crypto market rebound pushes total cap to $2.25T. While BTC and ETH gained ~3%, meme token SPX6900 soared 107%, with GOAT, REEF, and BABYDOGE also posting strong double-digit gains. Scroll and FTT lead the losers.
The global crypto market cap reached $2.25T with Bitcoin and Ethereum rising ~3%. However, meme tokens stole the show: SPX jumped 107.2%, GOAT gained 70.2%, and BOME rose 39.7%. Losers include SCR (-50%) and FTT (-23%). Market sentiment improves as investors regain confidence.
