SCOOP: Major U.S. banks are detecting unauthorized third-party AI agents inside customer accounts, including some attempting to take actions that appear to be independent of user instructions, sources told Axios. The findings have alarmed banking executives, who are racing to restrict access to their systems as AI moves at a velocity faster than financial institutions can respond, multiple industry and bank executives told Axios. Several banks are now preparing for worst-case and even “day after” scenarios, including how to rapidly secure or restore customer accounts if things go wrong, the people said. Several bank executives told Axios they're struggling to distinguish between human users and AI agents. One executive said banks also struggle to determine whether agents are authorized by customers or potentially operating without their permission, more akin to rogue agent behavior. Read my latest for Axios here: axios.com/2026/10/22/ai-agen…

AI will consume so many things in such quick succession that the practices we have relied upon for decades will lag signatures are now completely worthless, with a photo of your signature i can just ask claude to sign whatever document i want with one prompt i can have claude pull a signature off any document, sign it perfectly or imperfectly on anything digital, then have it look slightly faded as if it were a scan of a wet-ink signature there are many practices like this that now don't work. it will be the age of 2fa security keys and in-person verification more realistically, and im sorry for the many ppl on here who seethe at this, it probably needs to be digital ID for everyone

I love how Jordi's critique on Hyperliquid introduces what we, not only as an industry but even beyond that as the general public, need. Silently it reads like a very big bull post on robinhood:0x4db7374e966097be94c6680d49156d580f097bbf You might not get it yet. But you will get it later because this is exactly what Tibbir is destined to be > in my belief Tibbir will agenticallly democratize access to investments made, that are normally not yet accessible to the public > manage it autonomously by interacting and transacting on your behalf to things you'd never have access to > by interacting with entities and agents through all of the existing infrastructure that we have built over all these years > trust compounds and the same principle will apply for agents, where right now humans are still predominantly transacting > over time it will be agents doing that on behalf of humans at a much larger scale than one could possibly fathom They might not know your agent, but they will know Tibbir, Ribbit

am i retarded for never dropping this article?

Jeff drank a bit too much of his own Kool-Aid in this recent Odd Lots clip. I think it's important to clear up a distinction that makes all the difference. Democratizing access to wealth creation is NOT the same as democratizing access to speculation. Many of us genuinely want broader participation in attractive investment opportunities. The growing wealth inequality produced by the current system is tearing at the seams of society, something I've spoken about many times. But let's be clear: listing pre-IPO perpetual futures does absolutely nothing to democratize the wealth being created in private markets. I've seen this misleading narrative pushed repeatedly by perp DEXs lately, and it needs to be called out. A pre-IPO perp creates ZERO underlying wealth. It's a zero-sum contract before costs, and negative-sum after them. No capital flows to the company. No ownership changes hands. No new economic opportunity is created. Every long has a short. There is no free lunch in simply going long something before its IPO, and funding costs can even determine the outcome more than any price moves. TRADING access is NOT INVESTING access. In fact, in many ways pre-IPO perps are almost the antithesis of democratized access: They create the illusion of participation in private-market wealth creation, while actually offering retail a speculative instrument whose mechanics they are often poorly equipped to understand. The result is a playground for the FEW sophisticated traders who understand funding, oracle design, and liquidation mechanics to extract value from the MANY who don't. To give credit where it's due, Robinhood's efforts toward sourcing actual employee shares, placing them into SPVs, and tokenizing genuine spot ownership are much closer to meaningful democratization. That can unlock real economic value by allowing employees to exchange some of their expected upside for liquidity, while giving new investors actual economic exposure. A legitimate financial trade-off, without the funding-rate and liquidation shenanigans. I'm strongly aligned with expanding access to investment opportunities. And I believe advances in AI and blockchain can dramatically lower the barriers to discovering, structuring, and distributing them. But let's not BS ourselves that launching another zero-sum casino contract is moving the needle on wealth inequality. What would actually move the needle is bringing real capital formation and ownership onchain. Giving investors access to productive, illiquid assets like data centers, GPUs, and select startup investing, where capital can actually finance growth and share in the resulting value creation. These opportunities are harder to structure, underwrite, and bring to market, and we haven't seen many compelling implementations onchain yet. Hopefully this will change soon and, as the industry matures, we can direct more of our energy toward actually expanding access to wealth creation. Clip below. Was glad to see @tracyalloway push back on this framing, and to Jeff's credit, after this he does seem to walk back his original position somewhat.