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VOICE ARCHIVE

Matt Hougan

@matt_hougan
25 posts
2026-03-04
I increasingly wonder if the real risk of AI disruption for most investors is that public companies are being disrupted by private companies.
2026-03-04 View on X
Reuters

Sources: some investors push Anthropic to de-escalate its DOD dispute and avoid the “supply-chain risk” designation; source: some Anthropic-DOD talks continue

I increasingly wonder if the real risk of AI disruption for most investors is that public companies are being disrupted by private companies.
2026-03-04 View on X
Bloomberg

Sources: Anthropic recently passed $19B in run-rate revenue, up from $9B at the end of 2025 and ~$14B a few weeks ago, as its clash with the US DOD casts doubt

Anthropic PBC is on track to generate annual revenue of almost $20 billion, a projection based on current performance, more than doubling its run rate from late last year …

2026-02-11
Great piece. So many people I respect highlighted this article.
2026-02-11 View on X
Matt Shumer

GPT-5.3-Codex and Claude Opus 4.6 can meaningfully contribute to the improvement of AI models, a sign of what's coming for most knowledge work within five years

Think back to February 2020.  —  If you were paying close attention, you might have noticed a few people talking about a virus spreading overseas.

Great piece. So many people I respect highlighted this article.
2026-02-11 View on X
Sources

Q&A with Fidji Simo on ChatGPT ads, OpenAI's efforts to ship a new model soon to end Sam Altman's Code Red, Anthropic's Super Bowl ads, Sora, Codex, and more

How ads in ChatGPT will work, what will end the Code Red, those Anthropic attack ads, working with Sam Altman, and much more...

Great piece. So many people I respect highlighted this article.
2026-02-11 View on X
The Decoder

OpenAI updates ChatGPT's deep research tool with GPT-5.2, a full-screen report view, an option to focus research on specific websites, and search interruption

The feature now runs on the new GPT-5.2 model, as OpenAI announced on X. A key addition is that users can connect apps to ChatGPT and—potentially very useful—search specific websit...

2025-12-18
And the SEC Chair said, “Let there be super apps,” and there were super apps.
2025-12-18 View on X
CNBC

Coinbase rolls out stock trading, more advanced trading tools, prediction markets via Kalshi, and other features, amid a push to be a one-stop financial app

Coinbase is making its biggest push yet to reposition itself as a mainstream trading and financial platform, moving beyond crypto …

2025-10-31
Oh, you know, just another one of those $80 billion companies growing revenues 55% year-over-year.
2025-10-31 View on X
Bloomberg

Coinbase reports Q3 revenue up 55% YoY to $1.9B, vs. $1.8B est., net income up 473% to $433M, and trading volume up 59% to $295B

Shares of Coinbase Global Inc. rose more than 4% after the largest US crypto exchange reported revenue that exceeded Wall Street's third-quarter estimates.

2025-09-13
People are saying two crypto companies went public this week (Figure and Gemini). I saw a mortgage lender and an exchange go public. Disruption has come for financial services.
2025-09-13 View on X
CNBC

Gemini closed up 14.3% at $32 per share in its Nasdaq debut, giving it a ~$3.8B market cap, after the Winklevoss twins' crypto exchange raised $425M in its IPO

Tanaya Macheel / CNBC :

2025-07-19
Folks need to stop making careless comparisons between stablecoins and the “free-banking era” of the 1830s. In the free-banking era, local banks were able to issue notes in far-flung territories of the United States. They ran into trouble when the notes were backed by weak
2025-07-19 View on X
Bloomberg

President Trump signs the GENIUS Act, and says the first federal bill to regulate stablecoins will “secure the dollar's status as the world's reserve currency”

President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step …

Great piece from @nic__carter on stablecoins and the spurious comparisons to the free banking era. Love this point: “As for the consumer benefit of private versus public money, one only has to consider what happened after the free banking episode in the U.S. Monetary issuance
2025-07-19 View on X
Bloomberg

President Trump signs the GENIUS Act, and says the first federal bill to regulate stablecoins will “secure the dollar's status as the world's reserve currency”

President Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step …

2025-05-08
While everyone's focused on Jerome Powell, Robinhood is evaluating whether to use Solana or Arbitrum as the backbone of a new service that will let European retail investors trade US stocks. The long-term outlook for crypto is dependent on crypto-specific fundamentals, not 25bps [image]
2025-05-08 View on X
Bloomberg

Sources: Robinhood plans a blockchain-based platform to let retail investors in Europe trade US securities, and considered partnerships with Arbitrum and Solana

Muyao Shen / Bloomberg :

2025-03-08
I'm not sure how the market will think about this short-term. I am sure that long-term this is extraordinarily bullish for bitcoin.
2025-03-08 View on X
Cointelegraph

Trump signs an EO to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using BTC and other digital assets forfeited in criminal or civil cases

Now, Trump wants to create a crypto “strategic reserve.”  (1/2) @theangrydonkey : Earlier this week, Trump announced the names of five digital assets he expects to include in this ...

Impacts of the Strategic Bitcoin Reserve 1) Dramatically reduces the likelihood the US government will some day “ban” bitcoin; 2) Dramatically increases the likelihood that other nations will establish strategic bitcoin reserves; 3) Accelerates the speed at which other nations
2025-03-08 View on X
Cointelegraph

Trump signs an EO to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using BTC and other digital assets forfeited in criminal or civil cases

Now, Trump wants to create a crypto “strategic reserve.”  (1/2) @theangrydonkey : Earlier this week, Trump announced the names of five digital assets he expects to include in this ...

2025-03-07
I'm not sure how the market will think about this short-term. I am sure that long-term this is extraordinarily bullish for bitcoin.
2025-03-07 View on X
Cointelegraph

Trump signs an EO to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using BTC and other digital assets forfeited in criminal or civil cases

US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve “just a few minutes ago,” says crypto tsar David Sacks.

Impacts of the Strategic Bitcoin Reserve 1) Dramatically reduces the likelihood the US government will some day “ban” bitcoin; 2) Dramatically increases the likelihood that other nations will establish strategic bitcoin reserves; 3) Accelerates the speed at which other nations
2025-03-07 View on X
Cointelegraph

Trump signs an EO to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using BTC and other digital assets forfeited in criminal or civil cases

US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve “just a few minutes ago,” says crypto tsar David Sacks.

2024-11-22
If this is the catalyst that pushes us over $100k...
2024-11-22 View on X
Axios

SEC chair Gary Gensler will step down on January 20; it has been traditional for SEC chairs to resign if the administration changes in the middle of their term

Brady Dale / Axios :

2024-11-12
Everyone is focused on new people buying bitcoin. That's very real. But an equal part of this rally is that people have stopped selling. Long-term owners are no longer willing to part with bitcoin below $100k, and short-sellers don't want to step in front of a freight train.
2024-11-12 View on X
Financial Times

Bitcoin passed $89K for the first time, Tesla closed up 8.96%, Coinbase closed up 19.76%, and Robinhood closed up 7.4%, as investors pile into “Trump trades”

It Just Had Its Best One Ever Steven Walgenbach / Inside Bitcoins : BlackRock Bitcoin ETF Hits New Record As Polymarket Odds Of Bitcoin Hitting $100K This Year Soar Vladimir Popesc...

2024-07-24
We just hit $1 billion in trading volume for ETH ETFs today.
2024-07-24 View on X
Bloomberg

US spot ether ETFs hit $1B+ in trading volume across nine funds, a strong debut but far from the $4.6B traded during the spot bitcoin ETFs debut in January 2024

- Trading volume still trailed amount posted by Bitcoin ETFs  — Debuts for two of the funds rank among some of the best ever

2023-09-27
I'm pretty sure I've read this story before: Crypto can't survive without M̵t̵.̵ ̵G̵o̵x̵ B̵i̵t̵M̵E̵X̵ F̵T̵X̵ Binance. What people miss: Crypto is antifragile, and much bigger than any one trading venue. https://www.wsj.com/...
2023-09-27 View on X
Wall Street Journal

Over a dozen senior executives left Binance over the past three months; Kaiko: Binance now handles ~50% of all direct crypto trades, vs. ~70% in January 2023

Key take-aways from the article:  — Over the past three months, more than a dozen top managers have quit. … Karsten Weide : Looks like ⁦‪@binance, controlling about half the market...

2023-03-09
Attempting to wall off crypto from the banking industry will raise the risks to consumers. Smart regulation that cares about investor protection would find effective and if-need-be limited ways for traditional banks to serve crypto companies.
2023-03-09 View on X
The Block

Silvergate Capital plans to wind down operations and voluntarily liquidate Silvergate Bank, including “full repayment of all deposits”; SI drops 40%+ to ~$5

- Silvergate Capital Corporation said it will wind down operations and voluntarily liquidate Silvergate Bank in accordance with applicable regulatory processes.