theo

Axios reported that allies of Trump are attacking Dario Amodei, the CEO of the artificial intelligence company Anthropic, as a representative of the "doomsday" narrative surrounding artificial intelligence and one of the founders of the effective altruism movement. Sources say that during the midterm elections, allies may target Anthropic when countering his warnings about AI safety; due to his political stance and concerns about AI safety, he is seen as an easy target. This is concerning for investors as the company is preparing for an anticipated record-breaking initial public offering.The report states that a memo began circulating internally within the White House this week, attempting to portray effective altruism as a fringe, cult-like group detached from mainstream America, with Axios claiming to have obtained the document. The memo was written by a Trump political advisor not currently employed by the White House, stating that effective altruism "has established a doomsday pipeline for artificial intelligence," placing Amodei at the foundational position of the movement, while also mentioning his sister, Daniela Amodei, president of Anthropic, referring to these connections as "Anthropic nodes." A source close to the government said that Amodei embodies an ideology and globalist innovation path that contradicts the president's "America First" agenda.Anthropic has been distancing itself from effective altruism. Daniela Amodei stated in a 2025 Wired report that she does not agree with the term. Dario Amodei has insisted in interviews that he is not a member of the movement and has promoted the benefits of artificial intelligence.

Cryptocurrency analyst Chen Mo posted that Binance's USDe briefly deviated to $0.92 today, and the last incident on October 11 was also related to USDe, while the on-chain price has remained stable.Chen Mo stated that the order book for USDe on CEX is very thin, and it supports USDe as collateral for opening positions. The risk transmission from October 11 started here, but afterwards, Binance included the actual redemption price of USDe into the price index, no longer relying solely on the order book quotes, theoretically preventing a repeat of the October 11 incident.

Uniswap team member Niko posted that after Robinhood Chain's recent large-scale innovations drove the market up, other chains have begun to replicate its ecological projects. Some KOLs and venture capital institutions continue to claim that Robinhood Chain is in decline and are guiding users towards similar projects on other chains.Robinhood Chain's current daily trading volume still exceeds 1 billion dollars, and the trading scale of stock tokens is also growing.

According to CoinDesk, the on-chain financial platform Theo announced the launch of a yield-bearing tokenized silver product thSLVR, supported by over $40 million in active leases, expanding its commodity financing business from gold to silver. This token allows holders to maintain exposure to silver prices while passing on the lease income paid by institutional borrowers to the holders.Theo stated that the silver supporting thSLVR will be leased to mature institutional counterparties under standard market terms, with credit exposure guaranteed by the parent company. The product is launched in a beta version, initially targeting institutions and whitelist investors, with plans to expand access later. Silver has experienced significant volatility this year, reaching a historical high of $121.79 per ounce in January, followed by a 41% drop over three days, and falling to a low of $54.74 in July, recently hovering around the mid-$60 range.Theo was founded by former traders from Optiver and IMC and has previously offered yield-bearing tokenized gold and U.S. Treasury products. The silver leasing will also expand the underlying assets of its yield-bearing stablecoin thUSD. According to RWA.xyz data, the market size for tokenized commodities is approximately $4.9 billion, covering 130 products. The London 1-month silver lease rate briefly rose to about 39% in October 2025, while the historical norm is below 1%; the market expects a supply gap in silver for the sixth consecutive year in 2026, with a gap of approximately 46.3 million ounces.

Famous gold bull and Bitcoin bear Peter Schiff posted that he is skeptical about today's sharp rise in MSTR, which he believes is primarily driven by short covering, and reiterated his "death spiral" argument.Even though Bitcoin's temporary rebound has slightly extended the survival period of Strategy, his long-term bearish stance remains unchanged.

Anthropic announced that the Claude Mythos Preview model has made breakthroughs in cryptographic research, discovering improved attack methods against the post-quantum digital signature candidate HAWK. HAWK is a post-quantum signature candidate solicited by NIST to combat quantum computer attacks, which has already passed two rounds of expert review. However, Claude reduced the effective key strength of HAWK-256 from 2^64 to 2^38 in just 60 hours, significantly lowering the theoretical cost of cracking. HAWK has not yet been deployed in practice, and this attack currently does not affect any production systems.Claude also discovered an improved attack against 7-round AES, achieving a speed increase of 200 to 800 times. During the research process, Claude independently completed literature reviews, mathematical reasoning, and experimental validation with limited guidance from cryptographers. The HAWK attack took about 60 hours and had an API cost of approximately $100,000; the AES attack was completed independently by Claude, which generated about 1 billion tokens before proposing core innovative ideas. Anthropic researchers then spent hundreds of hours validating the results. Anthropic stated that AI models can now help identify significant flaws in cryptographic algorithms, and the cryptography community may face bottlenecks similar to those in the software vulnerability field—AI-generated research results far exceed human verification capabilities. Anthropic has collaborated with academic institutions to launch the CryptanalysisBench benchmark and coordinated disclosures with NIST authors and government partners. The research team has achieved preliminary results on algorithms such as LEA and Serpent-128. Anthropic warns that as AI capabilities improve, actual attacks against deployed systems may be discovered in the future, necessitating the establishment of response mechanisms in advance.

Vitalik posted on the X platform stating that a new type of "high-level programming language" worth trying is a language compiled to Lean (or HOL, etc.), focusing on making it as easy as possible for humans to read definitions and theorems. Rather than proofs, because proofs only need to be correct, the key lies in the definitions and theorems themselves. The envisioned use is that AI outputs a large segment of proof, and the reader needs to understand as easily as possible which precise claims have actually been proven in these outputs.

Dragonfly partner Haseeb responded on Twitter to OpenZeppelin co-founder Manuel Aráoz's previous pessimistic view on DeFi security, stating that with models like GLM 5.2, Fable, and GPT 5.6 now online and actively used by attackers, DeFi has not experienced the anticipated "hacker apocalypse."Chart data shows that based on current year-to-date figures and operating rates, the annualized amount stolen in DeFi by 2026 is approximately $1.89 billion, with a cumulative theft of about $986 million this year, which is lower than the levels of 2025 and still within historical ranges.Haseeb believes that the deeper change currently is that while the number of hacker attacks has increased, the scale of individual attacks has decreased more rapidly, with attackers increasingly targeting smaller protocols and abandoned projects, while larger protocols have completed more security enhancements, thus the overall safety of funds has not significantly worsened.

According to Cointelegraph, the on-chain capital market platform Theo announced an investment of $20 million into Fidelity International's dollar digital liquidity fund (FILQ) through the Swiss digital asset bank Sygnum, becoming the first crypto-native platform to allocate to this tokenized fund.The fund is a tokenized dollar liquidity product that primarily invests in a diversified portfolio of short-term money market instruments. Data shows that Theo's allocation represents a significant proportion of the current on-chain managed assets of the fund, reflecting that institutional funds are continuously flowing into tokenized U.S. Treasury and cash management products.

According to BusinessInsider, billionaire investor and hedge fund founder of Third Point, Dan Loeb, stated in a podcast that current market concerns about the "bubble theory" of artificial intelligence (AI) are greatly exaggerated, and the development stage of the AI industry is completely different from that of the internet bubble period.Loeb pointed out that technology giants, including Alphabet, Microsoft, Amazon, and Meta, have collectively exceeded $700 billion in capital expenditures this year, which may reach $1 trillion next year, with the vast majority allocated for AI infrastructure development. He stated that to believe these capital expenditures will not yield returns is equivalent to thinking that companies are "burning money for no reason," but currently, these companies have strong profitability and ample cash flow, allowing them to support investments with their own balance sheets.Loeb emphasized that this is different from the situation during the internet bubble when "valuations detached from fundamentals," and does not constitute a traditional valuation bubble. He also mentioned that AI companies like Anthropic are experiencing rapid revenue growth and accelerated product applications, indicating that the industry is still in the early stages of expansion.Reports indicate that Anthropic's latest financing valuation is nearing $965 billion, with annualized revenue jumping from $14 billion to $47 billion, further strengthening market confidence in the commercialization potential of AI.However, there are still some investors in the market, including Michael Burry, who express concerns about the overheated valuations of AI, believing that massive investments may struggle to yield corresponding returns. Loeb, on the other hand, stated, "We haven't even scratched the surface of AI development," and believes that we are still in the early stages of long-term growth.

The tokenization platform Theo announced it has raised $100 million to launch the gold-backed stablecoin thUSD. thUSD is pegged to the US dollar, and its reserves consist of the gold token thGOLD, which Theo launched in January this year. thGOLD is backed by a secured lending agreement between Theo and gold retailers (such as Singapore's Mustafa Gold) and can also generate returns.In terms of revenue sources, thUSD will simultaneously obtain two types of returns: one from the underlying assets of thGOLD; the other from the spread profits obtained by shorting gold futures contracts. Theo's Chief Investment Officer Iggy Ioppe stated that under favorable market conditions, this mechanism is expected to achieve an annualized return of about 10%.

Michael Saylor posted on the X platform stating that a brief discussion on digital credit includes:Acquiring a large amount of appreciated capital (BTC);Issuing credit (STRC) against that capital, over-collateralized by equity;Monetizing part of the appreciated gains through direct or derivative means (MSTR) to fund dividends.Credit investors exchange volatility, risk, duration, and performance with equity investors. Credit (STRC) gains cash flow and stability. Equity (MSTR) experiences amplified value performance and volatility.

Bitwise Chief Investment Officer Hougan dismissed various conspiracy theories circulating in the market, including attributing the decline to Binance, Wintermute, offshore macro hedge funds, paper Bitcoin, and the recent claims about Jane Street. He pointed out that the reasons for investor sell-offs include the four-year cycle pattern, concerns about quantum computing, and the shift of funds towards AI startups.He believes that most of the sell-off is nearing its end, and the market is in the process of bottoming out, with Bitcoin set to reach new all-time highs in the future. Hougan described the current situation as a "classic cryptocurrency winter" and believes that it will be followed by a "classic cryptocurrency spring."

According to The Block, Theo has launched an innovative gold token thGOLD, which combines physical gold collateral with a yield mechanism, distinguishing it from traditional token products that only track gold prices.This product is based on a gold lending fund involving Singapore's Mustafa Gold, with partners including Standard Chartered-backed Libeara and FundBridge Capital. thGOLD will be available on multiple DeFi platforms such as Uniswap, Morpho, and Pendle, marking the first time that physical gold assets have achieved on-chain yield and collateral functionality.

Fidelity's Global Macro Director Jurrien Timmer stated that Bitcoin's current trend is more akin to the S-curve of the internet rather than a power law curve. Many Bitcoin supporters claim that the four-year cycle has ended and a new structural uptrend is about to begin. I am skeptical about this, not because I doubt the diminishing impact of the halving cycle (which I agree with), but because I question the assertion that bear markets will no longer occur.Currently, Bitcoin's bottom line is $65,000 (the previous high), while the power law trend line indicates a bottom line of $45,000. Although there is still some distance to the target price, if Bitcoin enters a consolidation phase within the next year, the power law trend line may come closer to $65,000 and could become Bitcoin's line of life and death. However, this may (or may not) be something that happens in the future (or within the next year).

Delphi Digital posted on platform X that Solana is preparing for a major upgrade called Alpenglow. This upgrade is a complete overhaul of the consensus mechanism, aiming to achieve sub-second finality by replacing Tower BFT and Proof of History (PoH).Alpenglow introduces two new protocol components: Votor and Rotor. Votor replaces the incremental voting rounds of Tower BFT with a lightweight voting aggregation model. Validators can aggregate votes off-chain before submitting the final confirmation, allowing blocks to achieve finality within 1 to 2 confirmation rounds. This improvement reduces the theoretical finality delay to 100 to 150 milliseconds, shortening it by about 100 times from the original 12.8 seconds.Votor achieves finality through two parallel paths: when a proposed block receives over 80% of the total staked weight in the first round, it triggers fast confirmation and takes effect immediately; if the support rate is between 60% and 80% in the first round, it triggers slow confirmation, requiring a second round of voting to exceed 60% for final confirmation.Rotor reconfigures Solana's block propagation layer. The original Turbine propagation network relied on multi-hop relays with variable delays, while Rotor introduces a staked-weight relay path that prioritizes bandwidth efficiency. Validators with high stakes and reliable bandwidth will become core relay points. Simulation data shows that under typical bandwidth conditions, block propagation can be completed in as fast as 18 milliseconds. This upgrade is expected to be rolled out gradually, with an initial launch timeframe anticipated between early to mid-2026.