July 29, 2024 | Read Online

Brought to you by:

Click to subscribe to tea's newsletter and learn more about how to get rewards for your open-source contributions.

0. Data and calendar

All values as of 1 AM ET / 10 PM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

1. Trump speaks at Bitcoin 2024, promises strong pro-crypto platform

YouTube video by The Times and The Sunday Times

LIVE: Donald Trump speaks at Bitcoin 2024 in Tennessee

Trump vowed to:

Fire SEC Chair Gary Gensler (which got strong applause, prompting Trump to say it again).
End the regulatory hostility.
Never sell any of the BTC the federal government has (~$14B).

Bitcoin's price little changed during and after the speech.

Kamala Harris, meanwhile, is trying to repair the Democratic ties with the crypto sector.

Trump's odds has inched down to 60% over the past week, with Harris at 38%, as post-Harris polls show Trump only 1 p.p. ahead

Polymarket.

5 polls (+1 avg.) since Biden dropped out: WSJ (-1), NYT/Siena (-1), Rasmussen (+7), Forbes (0), and NPR/PBS (0).

2. Top 10 podcasts reach 35% of weekly listeners

WSJ.

100M Americans age 12 and older listen to podcasts weekly.

Podcasting ad revenue is expected to +12% to $2.2B in 2024, $2.6B in 2026

WSJ.

3. tea Protocol: Click to subscribe and get rewards for your open-source contributions*

Tea Protocol.

Be part of the open source rewards revolution. Join Homebrew creator Max Howell on his mission to reward open source developers for their valuable contributions.
Proof-of- Contribution ("PoC"): OSS projects are rewarded based on their impact via this novel consensus mechanism. Valuable codebases garner higher rewards.
Not a developer? Receive rewards by supporting your favourite open source projects and securing the OSS ecosystem.
Sign up for tea's incentivized testnet today for the chance to earn rewards.

*Sponsored. Click the links to subscribe to tea's newsletter and learn more about how to get rewards for your open-source contributions.

4. Texas startup funding slowing, at $3B YTD, with 46% in Austin area

Crunchbase.

TX: $3.0B YTD (5.3B annualized), vs. $6.35B in 2023 and $11.51B in 2021.
Austin: $1.38B YTD (2.44B annualized), vs. $3.34B in 2023 and $5.99B in 2021.

5. Interesting videos, posts, and memes

Mag 7 sell-off, Wiz rejects Google, UBI, Kamala in, China's nuclear buildout, Sacks responds to PG

#57: Zuckerberg's Open Source AI Manifesto

6. Other headlines

AI

Apple Intelligence may be delayed to Oct., after iPhone 16 launch in Sep.

Athyna: hire incredible global talent with up to 80% savings vs. U.S. hires.*

*Sponsored.

Tech

Apple reaches 1st ever union contract in U.S., in Maryland.
Microsoft releases technical dive into CrowdStrike outage.
WeRide files for U.S. IPO: raise, valuation TBD.
Quantinuum weighs IPO at $10B valuation.

Open Source CEO: learn how to be a leader and outperform the competition, with this free newsletter.*
Sidebar is a personal board of advisors for the next generation of leaders.*
Mercury now allows you to pay your bills faster and more accurately.*

*Sponsored. Clicking on ad links may share your email with Mercury for remarketing purposes.

Tech & law

TikTok's First Amendment case sees response by DOJ.
X again questioned by EU, now over AI training data defaults.

Biotech

Alzheimer's blood test catches 90% of early cases: study.
FDA warns about dosing errors with compounded semaglutide.

Business

Sep. rate cut "very possible": Fed whisperer Nick Timiraos.
Leon Marchand breaks Phelps's 400m medley Olympic record.

Crypto

Sen. Lummis proposes U.S. buy 1M BTC.
WazirX seeks to "socialize" $230M hack among all customers.

tea Protocol: click to subscribe to tea's newsletter and learn more about how to get rewards for your open-source contributions.*

*Sponsored.

U.S. politics

Trump gunman noticed by police 90 minutes before shooting.
Harris VP likely picks: Mark Kelly, Josh Shapiro, Tim Walz.
Harris raises $200M in 1st week of campaign.

World

Maduro declared reelected amid opposition reports of fraud.
Israel hits Hezbollah back after 12 children dead in Golan attack.

Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below).

Share Bay Area Times

Share our newsletter with your friends and get free Bay Area Times rewards!

You currently have 0 referrals, only 1 away from receiving our Generative AI Unicorns Database.

Click to Share

Or copy and paste this link to others: https://www.bayareatimes.com/subscribe?ref=UbEAXR818y

What did you think of today's newsletter?

Advertise on the Bay Area Times

Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team.

Please read our Terms of Service and our Privacy Policy before using Our Service.