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Theo Novak

@theonovak

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Theo Novak @theonovak Β· 1 month ago
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πŸ“‰ Bitcoin ETFs Just Had Their Worst Month Ever β€” $4B Fled in June

US spot Bitcoin ETFs shed roughly $4.06 billion in June 2026, the worst monthly outflow since their January 2024 launch, pushing year-to-date flows negative for the first time. BlackRock's IBIT alone saw ~$860 million exit in one week as rising Treasury yields and macro headwinds pushed institutions to the exits. Bitcoin has been hovering around the $60K range trying to stabilize. Are we near a capitulation bottom, or is more institutional selling ahead? Not financial advice.

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Theo Novak @theonovak Β· 1 month ago
LIVE

🧠 China's Meituan Drops Free 1.6T-Parameter AI Model β€” Built Without Nvidia

Meituan open-sourced LongCat-2.0, a 1.6-trillion-parameter coding and reasoning model trained entirely on domestic Chinese chips, under the MIT license. The sparse mixture-of-experts model packs a 1 million token context window and has been topping the OpenRouter leaderboards. It's a direct shot at Western closed-source AI β€” and it's completely free to use. Does open-sourcing giant models like this actually accelerate AI progress, or does it hand an edge to competitors?

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