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SEC OPENS DOOR FOR CRYPTO-STYLE TRADING OF US STOCKS

The SEC issued five-year conditional exemptions allowing certain blockchain-based venues and automated liquidity providers to trade tokenized US stocks, bringing crypto-style market infrastructure into traditional equities. The tokenized shares would carry the same dividends and voting rights as the underlying stock, while issuers would have the right to opt out, giving the SEC a live framework to test on-chain trading before deciding on permanent rules.

REVOLUT CONSIDERS DUAL LISTING IN NEW YORK AND LONDON

Revolut is considering a dual listing on Nasdaq and the London Stock Exchange, though CEO Nik Storonsky said the US remains the preferred market because of its deeper investor base. The fintech was valued at $75 billion in a secondary sale last year and has 80 million customers globally. It reportedly discussed targeting a valuation of up to $200 billion in an eventual IPO, which is still likely at least a year away.

HOUSE CHINA COMMITTEE RAISES SECURITY CONCERNS OVER AIRWALLEX AS COMPANY PUSHES BACK

A House China Committee letter raised concerns that Airwallex's China-based workforce and exposure to Chinese law could create risks around access to sensitive US financial data, prompting Joe Lonsdale to warn companies that may use Airwallex infrastructure. Airwallex CEO Jack Zhang rejected the allegations, arguing that the relevant issue is data architecture and access controls rather than employee location, saying the company's safeguards have been independently assessed and that the concerns did not stem from a breach or regulatory finding. Rippling CEO Parker Conrad also clarified that zero Rippling payments run through Airwallex.

SAAS PLATFORMS ARE SURGING DESPITE THE SAASPOCALYPSE

Stripe says new SaaS platform creation is accelerating despite fears that AI would commoditize software, with new platform businesses up more than 180% year over year and more integrations reaching meaningful payment volume faster than prior cohorts. Its argument is that durable SaaS will increasingly be built around core workflows, proprietary business context, and embedded money movement, with AI making those platforms more capable rather than eliminating the application layer.

FINTECH EVOLVED INTO HYPERBANKS AND NEOBRANCHES

This article revisits a 2018 framework for how banks, fintechs, and big tech would converge, and argues that the emerging winner is a new model we call the Hyperbank: a technology company that owns the financial stack down to the regulatory or sovereign root. Column illustrates the model with just $1.77B in assets but roughly $200MM in revenue, a potential $6B valuation, and customers including Ramp, Brex, Bilt, Mercury, and Wise, while vertically integrating stablecoins, card issuing, global banking, multicurrency accounts, and core infrastructure. Hyperbanks are different from Deep Fintechs, which build difficult-to-copy technologies such as blockchains, zero-knowledge proofs, AI underwriting, and advanced trading infrastructure. Neobranches own digital distribution while renting the underlying financial factory.

MASTERCARD AND TRIP.COM PAVE THE WAY FOR AGENTIC COMMERCE IN TRAVEL

Mastercard, Trip.com, and Network International are piloting an agentic travel-booking experience that lets Trip.com's TripGenie AI agent help users discover, book, and pay for travel services end to end. The initiative uses Mastercard's Agent Suite for Merchants and payments infrastructure to keep merchants in control of the customer experience while enabling consumer-authorized AI purchases, with a phased commercial rollout expected in early 2027.

RIVO RAISES $3.1M SEED TO AUTOMATE HOUSEHOLD CASH MANAGEMENT

The San Francisco startup connects to existing bank accounts, moves idle balances into US Treasuries, and returns funds before scheduled bills come due. Users can earn a yield without switching banks or manually moving money, with real-time cash flow monitoring determining when to invest and when to pull funds back.

WHAT IT ACTUALLY TAKES TO REPLACE A LEGACY ERP

Lightspeed argues that the real breakthrough in next-generation ERP is not a better interface, but using AI to eliminate migration risk, historically the biggest reason CFOs stayed with legacy systems like NetSuite. Its portfolio company DualEntry uses AI to migrate and reconcile company data in as little as 24 hours, pursuing a “reverse wedge” strategy that replaces the ERP first and then expands into adjacent finance workflows.

WARREN BUFFETT STEPS DOWN AS CHAIRMAN OF BERKSHIRE HATHAWAY

Warren Buffett is stepping down as Berkshire Hathaway chairman at age 96, becoming chairman emeritus while remaining on the board. His son Howard Buffett will become chairman, with Greg Abel continuing as CEO. The move completes Berkshire's long-planned succession and puts more responsibility on Abel to deploy the company's $365.5 billion cash hoard, as Buffett closes a six-decade tenure in which Berkshire compounded shareholder returns at 19.7% annually, nearly double the S&P 500.

AGENCIES CLARIFY BANKS MAY ACCEPT MOBILE DRIVER'S LICENSES AND DIGITAL CREDENTIALS FOR CIP IDENTITY VERIFICATION

Customers can use qualifying government-issued digital IDs when opening accounts in person or online, provided the institution has systems to process them.

GRAB TO BUY 60% OF ATOME FINANCIAL FOR $1.49B IN CONSUMER LENDING PUSH

Grab, Southeast Asia's Uber, has agreed to acquire a 60% stake in Atome Financial for $1.49 billion in cash, adding AI-powered credit underwriting and a $1 billion loan portfolio.

ANTHROPIC DELAYS IPO STAGING TO NOVEMBER AMID AI FEARS

Anthropic is reportedly pushing its planned IPO from October to November, giving the company more time to present third-quarter results and address investor concerns around AI safety, competitive pressure, and the pace of model development.

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NEW ICONIQ BENCHMARKS | AI-NATIVE METRICS ARE INSANE...

A board member sends you a chart of startups reaching $100 million in recurring revenue in a few quarters. Are you supposed to build next year's plan around that? ICONIQ's Pacesetter Index starts with selected AI-native companies, primarily from its own portfolio, then singles out the strongest performers. That's a much narrower group than the top quarter of all startups. Before using those numbers as a target, compare company size and how much cash each business spends to grow. The chart may show a pace you want without showing a bill you can afford.

CHARTS OF THE WEEK: SO MANY APPS, SO LITTLE TIME

One of the effects of AI code generation tools has been the proliferation of code. This has led to a pronounced spike in the number of apps. However, while supply may have increased, demand has a life of its own. For the most part, no one is really using these new vibe-coded apps. Building successful apps has always been more than just generating the code.

THE NEW BATTLEGROUND IN GTM

Someone who loved your product moves to a new company. You could send the same congratulations-and-pitch email they'll get from everyone else. Or you could bring up what they actually accomplished with your product and ask whether they're tackling something similar in the new role. One workflow here waits a month before making that approach. Another reopens lost deals when the original obstacle changes, such as a budget or executive. The reason to reach out comes from what happened in the account, rather than how long it's been since the last email.

6-7 LOOPS WE USE EVERY DAY TO MAKE POSTHOG SELF-DRIVING

A bug report often starts a second conversation. What were you doing? Where did it break? Can you make it happen again? PostHog connects feedback submitted inside the product to agents that investigate and propose fixes. In one example, an investigation report arrived within five minutes, followed by a proposed code change eight minutes later. Other workflows investigate error spikes and inspect session recordings. Each step passes its findings to the next, reducing how much someone has to reconstruct before they can start fixing the problem.

DEVELOPERS ARE DIFFERENT. THEY DON'T EVALUATE, COMMUNICATE, OR CONVERT LIKE TYPICAL B2B BUYERS. THAT'S WHY YOU NEED A DISTINCT B2D MOTION TO GET THEIR ATTENTION. Litebox [9] is the GTM agency for devtools companies that want to focus on building. They build brands, sites, and strategies for the most skeptical prospects. Book a call

AX

AX is a high-throughput, declarative orchestrator that runs billions of autonomous agent workloads in a cluster. Users declare an agentic task with workspaces and gateway specifications, and AX sandboxes it, wires up its workspace, fences its network, and helps run it at scale. It runs on top of Agent Substrate and feels similar to using Kubernetes.

OPENING ACCESS FOR DEVELOPERS TO BUILD MUSE CONNECTORS

Meta has opened access for developers to build Muse connectors. Developers bring the API, and Muse handles the agent, browser, and the context. To create a connector, developers need to describe the connector to Meta and explain how users will use it. The submission will be reviewed for functional, security, and legal requirements and complete end-to-end testing. Once approved, users will be able to find the connector on Muse. Meta's editors will review connectors for featured placement.

WHO CONTROLS YOUR STARTUP? WHY GOVERNANCE MATTERS FROM DAY ONE

You can own a large share of your company and still lose your job in one board meeting. That happened to Zenefits' cofounder CEO: removing him did not require a shareholder vote. Figma offers a different example, with its cofounder holding roughly 9% of the equity but just over half the voting power. This guide separates ownership, voting rights, and board control. When reviewing a term sheet, work through who appoints each director, who can replace them, and what happens to those rights in the next round.

PEOPLE FIRST EQUITY PLANS

An employee can earn stock options and still be unable to afford exercising them. Athyna designed its equity plan around that problem, setting aside 20% of the company and granting restricted stock units rather than options employees must purchase. Its plan combines time-based vesting with a liquidity event before shares transfer. Everyone receives a grant, including interns, with amounts varying by role and seniority. The company also walks employees through what they own, what happens if they leave, and how future fundraising changes their percentage.

THE MANAGER'S PATH IN THE AGE OF AI

Leaders have the power to make things better or worse based on their choices and behaviors and how they show up as a leader.

A FULL TEARDOWN OF HOW SAASTR AI ACTUALLY RUNS INBOUND, RENEWALS, AND OUTBOUND ON THE LATEST THE AGENTS

This post takes a look at SaaStr's agent stack, which helped the company double sponsorship revenue in the last 12 months.

HOW I AVOID THROWING SLOP GRENADES

Generating a code change in five minutes does not help a teammate who needs an hour to untangle it.

BUILD YOUR AI SECOND BRAIN FOR GTM

Nooks' AI Sequencing tool streamlines outbound sales by integrating AI with agent workspaces, enhancing account understanding and outreach.

APPLE REPORTEDLY EYES NVIDIA'S NVLINK FUSION TO CONNECT ITS OWN M8 ULTRA AI SERVERS BY 2029

Apple is developing AI servers built around its own M8 Ultra chips, in two- and four-chip configurations, and evaluating Nvidia's NVLink Fusion, the interconnect protocol, switches, chiplets, and software stack Nvidia uses to bind racks of GPUs into one tightly coupled compute domain, since Apple's own UltraFusion tech stitches two chips together but has no answer for the larger-scale connectivity these servers would need.

CRUSOE RAISES $3.9B TO BUILD MASSIVE DATA CENTERS AND TRUCK-TRANSPORTABLE MODULAR "SPARK" AI FACTORIES

Crusoe raised a $3.9 billion Series F, pushing its valuation to $30.9 billion, with the capital funding both large-scale sites like its Abilene, Texas data center used by OpenAI, and Spark, a line of smaller modular data centers Crusoe manufactures at its own facilities so they can be transported by truck and connected to power almost anywhere. Building these in-house lets Crusoe deploy compute fast without needing a large on-site construction workforce, and the smaller footprint helps sidestep some of the local community backlash that larger data center complexes increasingly draw.

CHINA BUILDS EARLY SUB-3NM GAA TRANSISTORS USING OLDER DUV LITHOGRAPHY, SIDESTEPPING EUV RESTRICTIONS

Chinese Academy of Sciences researchers have completed early integration of stacked nanosheet-channel gate-all-around (GAA) CMOS transistors, the architecture already used by Samsung and TSMC at 3nm and below, using deep ultraviolet (DUV) lithography instead of the EUV machines ASML is barred from selling to China. GAA wraps the gate fully around the channel rather than surrounding it on three sides like FinFET, giving tighter control over current flow. Researcher Ye Tianchun frames the work as an early process route toward sub-3nm devices rather than a demonstrated production capability.

NC STATE'S NEW THIN FILM IS 10,000X STIFFER THAN SILICONE, YET INSULATES 5X BETTER

Material science has long treated stiffness and heat insulation as a trade-off: stiff materials like metal conduct heat fast, while soft ones like rubber trap it. NC State researchers broke that link with a non-porous thin film built from 2D hybrid organic-inorganic perovskites, arranging alternating organic and inorganic layers into precise crystalline structures and swapping standard carbon chains for custom-tailored benzene rings to trap heat vibrations without sacrificing structural rigidity.

UCLA-PIONEERED NANOWIRE NETWORKS PHYSICALLY REWIRE THEMSELVES TO COMPUTE, NO SOFTWARE NEURAL NETWORK REQUIRED

A new paper in Nature Reviews Physics covers self-organizing nanowire and nanoparticle networks, first built at UCLA in 2011, where the material's physical structure acts as the neural network instead of running one in software on a chip. Individual nanowires act like neurons, and the connections between them act like synapses, growing stronger with repeated use and fading without it, similar to memory and forgetting in the brain, so the hardware itself learns rather than just running a fixed program.

DANIEL LEMIRE BREAKS DOWN HOW APPLE SILICON GOT 52% FASTER IN THREE YEARS, MOSTLY FROM CLOCK SPEED

Comparing base M2 (2022) through M5 (2025) on Geekbench 6, single-core performance rose 52% and multi-core 83%, with most of the single-core gain traced to raw clock speed: the P-core climbed from 3.5GHz to 4.6GHz, a 30% jump that alone explains the bulk of it. Transistor count grew roughly 40% from M2 to M4 (20 billion to 28 billion), spent partly on two extra efficiency cores on the M4 that boost multicore throughput without touching single-core speed, and partly on wider decode, up from 8 to 10 instructions per cycle, ahead of most competitors.

CEREBRAS CEO ANDREW FELDMAN ON THE "DINNER PLATE" CHIP, AND WHY AI INFERENCE TODAY IS "UTTERLY IDIOTIC"

At a Google Bay View event, Cerebras co-founder Andrew Feldman, semiconductor veteran Atiq Raza, and investor Dave Blundin discussed where AI hardware is actually bottlenecked. Feldman brought Cerebras's WSE-3 "dinner plate" chip, a 9-inch wafer-scale part with 4 trillion transistors across 900,000 cores, now carrying a $25 billion backlog with plans to scale production 8x this year and again next year, and named data center availability, not compute itself, as the industry's current binding constraint, predicting fab capacity becomes the next bottleneck within three years.

NORTHROP GRUMMAN WINS GHOST-R SPY SATELLITE PROTOTYPE DEAL

Northrop Grumman won a Space Force/DIU contract to build a GHOST-R prototype satellite, using its compact suitcase-sized ESPASat-L platform with a TRL-11 optical payload, to deliver low-cost, high-resolution surveillance of objects in geosynchronous orbit within an accelerated 24-month timeline.

JOBY'S AUTONOMY STACK FLIES A CONVERTED CESSNA 3,100 MILES ACROSS THE US, NO PILOT IN CONTROL

Joby Aviation flew a converted Cessna Caravan more than 3,100 miles across the US with autonomous taxiing, takeoff, navigation, and landing throughout, remotely supervised from Joby's California headquarters and Shaw Air Force Base, with a pilot onboard only for compliance.

US AWARDS ANDERON $1B TO BUILD DEDICATED QUANTUM WAFER MANUFACTURING

Anderon, IBM's Albany-based quantum chip foundry spinout, secured a $1 billion CHIPS Act award to scale up US production of 300mm quantum wafers.

LATTICE LAUNCHES MACH-N2, AN FPGA BUILT FOR THE POST-QUANTUM SECURITY ERA

Lattice Semiconductor unveiled Mach-N2, an FPGA that beats rivals AMD Xilinx and Altera to market with post-quantum cryptography (PQC) baked in.

NEXPERIA WILL MAKE CHIPS IN INDIA WITH TATA AS IT SPLITS FROM WINGTECH

Nexperia will have Tata make and package chips in India, expanding its manufacturing options as it separates from Chinese parent Wingtech.

GYAZO BREACH EXPOSES 23.62 MILLION USER RECORDS AND 490 MILLION IMAGE METADATA RECORDS

Gyazo's upload server flaw let an attacker run commands and access its database. Exposed data includes 23.62 million user records, password hashes, session IDs, integration tokens, and 490 million image metadata records. Leaked image IDs may expose linked captures. Helpfeel fixed the flaw, blocked access routes, and urged password changes.

GOOGLE PIXEL PHONES PWNED IN ZERO-CLICK ATTACKS

Google has fixed CVE-2026-58704, an actively exploited Pixel modem authorization flaw. Attackers can bypass permission checks and escalate privileges without user interaction. CISA added it to its Known Exploited Vulnerabilities catalog and ordered federal agencies to patch by September 19. Google disclosed limited, targeted exploitation but provided no attack details and asked users to update supported Pixel devices immediately.

FAKE LASTPASS AUTHENTICATOR GITHUB REPOS PUSH NEW RAPUNCEL INFOSTEALER

Security researchers uncovered a new malware campaign that utilizes GitHub repos to impersonate LastPass Authenticator and at least 39 other well-known products. The campaign utilizes a legitimate Microsoft Visual Studio CoreCLR Debugger, which loads a malicious DLL. The DLL deploys a previously undocumented infostealer and an EDR and antivirus killer that terminates a hardcoded list of 145 EDR or antivirus products.

GLM-5.3 DELIVERS OPUS 4.8-LEVEL PERFORMANCE AT A FRACTION OF THE COST

Semgrep benchmarked the new Grok models and GLM-5.3 on their standard IDOR vulnerability-finding benchmark. They found that Grok 4.6 Exacto roughly matched Opus 4.7's F1 score at less than a third of the cost. GLM-5.3 was able to compete with Opus 4.8 at one seventh of the cost.

REVERSE ENGINEERING MALWAREBYTES BROWSER GUARD

After the author's legitimate site got flagged as a scam by Malwarebytes Browser Guard, they took a deep dive into the source code to identify what caused it. This post walks through the several layers Browser Guard uses, including bloom filters, heuristic rules, a malware URL database, a download file classifier, specialized rules for specific attacks like ClickFix, and remote false-positive checking using Hubble. The bigger issue, the author noted, is that the extension ships with a debug interface that can be used to disable heuristics.

HOW TO BUILD AN OT SECURITY OPERATING MODEL

An implementation guide breaks an OT security program into six components, beginning with asset discovery and process context mapping that tie every device to the operational process it supports. Availability and process safety outrank confidentiality here, so access boundaries, monitoring, incident response, and recovery each require joint sign-off from operations before deployment. Ownership belongs to a cross-functional executive such as a CISO or VP of Operations, with NERC CIP and NIST SP 800-82 treated as checkpoints rather than as the program design itself.

threat landscape are all pointing to. Read the blog

DITTO

Ditto is a tree-sitter-based PowerShell and JavaScript obfuscatory.