OpenAI vs. Anthropic Crypto Duel, JPMorgan’s Bullish Bitcoin Pivot & More

Welcome back!

This is J264G and this week I’ve got these titbits for you:

• Accelerating AI: Putting OpenAI & Anthropic to the test on Solana. 

• Digital Gold: JPMorgan argues that Bitcoin is undervalued relative to gold.

• Prediction Markets: The Clearing Company to challenge Polymarket & Kalshi.

Bitcoin advanced from marginal curiosity to a meaningful presence, with its growing presence increasingly suggesting that speculative fervour is giving way to structural adoption.

Now, let’s jump right into this week’s newsletter!

Click on any underlined heading/hyperlink to learn more.

Spotlight

Information Asymmetry

Last week, the US Department of Commerce published official GDP statistics directly on public blockchains such as Bitcoin and Solana with the goal to make economic data immutable and universally accessible. 

This level playing field in access hints at what moving equities and their related data fully onchain via tokenisation could do for investors: 

• In practice, this could curtail insider trading and rumours, since material information would be readily observable—instantly. Shareholders large and small would be on an equal footing, seeing the same data.

• The benefit is a dramatic increase in market transparency: shareholders and analysts could see trends and adjust expectations continuously, rather than being blindsided by information gatekeepers and infrequent disclosures. 

• Such granularity could also make markets more efficient. Prices would reflect a stream of up-to-date information, smoothing out the large swings that often follow earnings announcements. 

• Moreover, publishing data onchain cements credibility. Once the data is posted, it’s time-stamped and cannot be altered, providing confidence that the numbers haven’t been manipulated retroactively. 

While real-time figures would be preliminary, onchain reporting could transform the investor experience from one of periodic revelations to a continuous dialogue, aligning equity valuations more closely with real business momentum.

The benefits of tokenisation are most pronounced when implemented at the source—which is why forward-looking companies and exchanges are increasingly considering tokenising equity at the point of issuance i.e. the IPO. 

Incumbents will fight onchain reporting because information asymmetry is their edge. But technology tends to go one way—and capital markets will soon move from quarterly spectacle to daily truth.

Chart Of The Week

News Bites

Accelerating AI: Solana Bench, a standardised and reproducible framework to test the ability of GPT-5, Claude Sonnet 4 & Co. to build and execute transactions on Solana, has been released. Early signs of success are most visible in Solana DeFi, where automation and execution speed are critical.

Prediction Markets: The Clearing Company has emerged from stealth with plans to establish a regulated onchain prediction market that is truly permissionless. Its founding team draws experience from Polymarket and Kalshi, two of the sector’s early pioneers.

Digital Gold: JPMorgan argues that Bitcoin is undervalued relative to gold. The assessment is based on Bitcoin’s volatility collapsing to a record low of 30%, leaving it only twice as volatile as gold. On a volatility-adjusted basis, the bank suggests Bitcoin could trade as high as $126,000.

Frothy Markets: Another crypto-linked vehicle is preparing to list publicly, with Elon Musk’s personal lawyer fronting a proposed Dogecoin treasury company. At the same time, the team behind the BONK memecoin is engineering a Nasdaq reverse-listing to transform an existing firm into a BONK treasury company.

Private Transfers: Privacy Cash has launched on Solana, offering private transfers akin to Tornado Cash. Unlike its predecessors, the system is explicitly OFAC-compliant, reflecting an effort to balance confidentiality with regulatory alignment.

Deal Flow

When the Solana ecosystem moves, it moves fast.

We give capital allocators an unfair advantage: high-signal research, due diligence, and warm intros.  

Drop us a line and we’ll help take your Solana deal flow to the next level.

Caught In 4K

Weekly Take

Keks & Giggles

And that's a wrap!

You can reach me anytime over on 𝕏.

Talk soon!

J264G

_{DISCLAIMER
None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Lastly, please be advised that we discuss products and services from our partners from which our team members may hold tokens/equity.}