Trump Just U-Turned on AI — Bitcoin Pumping IS The Signal Nobody Sees

Bitcoin is sitting above $65,000, up over 5% on the week, while hedge funds are dumping tech stocks at a decade-record pace and leverage semiconductor ETFs have lost $63 billion from their June peak. The crew connects those dots to a broader rotation story — and the reason most people aren't seeing it is that they're staring at the wrong assets. In this episode: • Kimi K3, the open-source Chinese AI model, fixed security bugs that OpenAI's Codex and Anthropic's Claude refused to touch due to guardrails — drawing a quote-tweet from White House AI czar David Sacks calling out American models for being less competitive. • An OpenAI strategic futures executive argued that open-weight model dominance leads to "AI communism" and suggested the Trump administration manufacture regulatory fear — including fabricated Federal Reserve advisories — to push companies away from Chinese open-source models. • Axios reports the Trump administration is actively considering an executive order to ban Chinese open-source AI within the US, with Commerce weighing adding Chinese AI labs to the entity list. • Combined valuation of OpenAI and Anthropic stands near $1.817 trillion — the crew argues that figure explains why regulatory capture, not competition, is the real play for those companies. • Foundry sent an email asking its mining pool participants to vote on whether to signal BIP 110, with a default-no stance and a weighted hash-rate tally between July 6 and July 15 determining the pool's position. • Brains head of energy and mining Javier Hermos publicly declared personal opposition to BIP 110 following online exchanges with supporters, noting his view does not represent Brains' official position. • The UK's incoming government dropped Keir Starmer's digital ID scheme, with Bitcoin Policy UK's Freddy Nye crediting sustained public opposition — though the crew expects the policy to return. Watch the video version: https://youtu.be/B6uaBbE8cm8