SMARTER IN 10

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1. Global Revenue Estimates for AI $229 Billion Annualized

Global AI revenue. "Our revenue estimate for the AI economy reached $229 billion annualized by the end of August - up 3.5x in one year. Growth is going strong. Trailing twelve-month revenue reached $140 billion last month, 3.2x the August 2025 value of $44 billion."

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2. AI Buildout is Accelerating…Construction Money Spent +57% Year Over Year

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3. San Francisco Centre Mall $1.2 Billion Valuation 2016….$133m Sale Last but Still Fell Thru

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4. Real Estate Friday

Housing Inventory Summary-All RE Local but Nationally Inventory Up

Homebuilders Slow Summer.

Free Markets Work—Builders Can’t Make Money So They Stop Building===Less New Homes =Supply Coming Down in Overbuilt Sun Belt Region=Stabilization of Prices

 Business Insider-The Sun Belt's housing head spin-Struggling real estate markets in the South, like Texas and Florida, just hit rock bottom — and could be set up for a comeback. By James Rodriguez

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5. The Magic of Compounding Warren Buffett

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6. Cost of Living Index by State….Pennsylvania in Lowest Quartile

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7. U.S. Politicians United on One Issue-Nuclear Energy ----Six Nuclear Bills Pass House without a Single No Vote

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8. Interesting New Twist in Anti-Tech Legislation….Australia Legislation to opt Out of Social Media Algos

9. Bitcoin Heists Put Historical Robberies to Shame…. Hackers $320 Million Rip

Alleged White-Hat Hackers Withdraw 4,000 Bitcoin from Blockstream's Liquid Network Federation Reserves

by Tyler Durden

Authored by Juan Galt via BitcoinMagazine.com,

The Liquid Network said Sunday that purported white-hat hackers withdrew about 4,000 bitcoin, worth about $320 million, from the federation wallet that backs L-BTC.

Bridge nodes were disabled, and the sidechain was paused. Other issued assets, including USDT, DePix and RWAs, were unaffected, the official account said on X.

The Liquid Network is a federated sidechain of Bitcoin, founded by Adam Back’s Blockstream. The Liquid chain issues a variety of assets such as LBTC, which it backs with BTC on the Bitcoin main chain, held in a large multisig of 15 corporate and known members. 11 of the 15 members need to sign a valid multi-signature transaction to move coins from the treasury. Before the hack, the treasury held over 4200 BTC; after the hack, Blockstream’s proof of reserves page reports a little over 207 BTC left. 

The hackers withdrew 4,019.4 BTC from the reserve address in a peg-out transaction using the SideSwap Peg-out Authorization Key. SideWap is a bridge exchange and a member of the Liquid Federation. While details on the mechanism of the hack are not confirmed yet, it appears an inflation bug on the LBTC side chain was exploited by the hackers to create over 4,000 LBTC that did not exist before, and cash them out for on-chain bitcoin from the federation. Because the transaction appeared as valid, given the consensus bug, the federation members’ HSM security servers signed the BTC withdrawal transaction, worth roughly 320 million at the time. 

https://www.zerohedge.com/crypto/alleged-white-hat-hackers-withdraw-4000-bitcoin-blockstreams-liquid-network-federation

Inflation Adjusted the Lufthansa Heist in 1978 from Goodfellas was $29.2M

10. Thomas Sowell on Communism

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