DreamWorld

Dear friends, do you remember the Binance Square campaign back in January 2026, when Dusk was being promoted?

Now, Nillion is bringing more attention to Covenants, with Dusk as its first release on Ethereum Mainnet.

What I find most interesting about Covenants is the idea of keeping trading instructions encrypted until predefined conditions are met. This could be especially useful in DeFi, where privacy and protecting trading strategies matter.

I’m also curious to see how Dusk performs on Ethereum Mainnet and what new opportunities it can bring to users. Looking ahead, I’ll be keeping an eye on the Nillion 7-era roadmap. I’m especially interested in how the ecosystem develops and what new privacy-focused tools become available.

As for $NIL , the token has already seen a fairly significant correction, and now I’m watching the market and waiting for a possible bounce. Of course, a lot will depend on the broader crypto market, so nothing is guaranteed.

What do you find most exciting about Covenants and Nillion’s approach to privacy in DeFi? And do you think $NIL could bounce back soon?

#nil $NIL @Nillion

What did we do yesterday?
Yesterday, we trapped the short sellers 🙈
They’ll never get out 🫣
Today, the strongest long. The deposits are ready to explode 😁🤑
$XMR

What are we doing now? We’re taking Bitcoin, Ether, etc. to the entry point, and then going absolutely crazy long in a single candle!
Don’t go short, don’t go short!!!$BTC

They say U.S. President Donald Trump claimed he called Google Maps and asked them to rename the Atlantic Ocean the “Trump Ocean.” Google CEO Sundar replied, “No, no, no. I’m not doing that this time. Oceans are different, sir. They border many countries. Please don’t make us do this.” Trump said they might not be able to resolve the issue and would keep calling it the Atlantic Ocean.

OLD WALLETS COME ALIVE AGAIN: DID EUROPOL BREAK CRYPTOGRAPHY? 😱💥
The wallet of Irish drug dealer Clifton Collins, which had been “asleep” for 10 years, suddenly woke up. The keys to 6,000 BTC were thought to be lost forever in a landfill, but something went wrong...
Let’s break down the key facts and risks in numbers:
1️⃣ $41.5M transaction: 500 BTC ($41.52 million) were just transferred from a “forgotten” address to Coinbase Prime.
2️⃣ Authorities have already seized 2,500 BTC: Collins himself claims he hasn’t recovered anything. Europol and Ireland’s CAB are seizing the assets in batches, while keeping the method used to crack them strictly secret.
3️⃣ A threat to cryptography: If this isn’t a simple private-key leak, but a vulnerability found in older algorithms, billions of “forgotten” dollars could be at risk.
4️⃣ Market dump risk: A transfer to Coinbase Prime usually signals preparations to sell. The arrival of hundreds of millions of dollars’ worth of confiscated BTC creates strong selling pressure.
💡 Bottom line: Confiscating and selling off such large amounts could trigger a local market sell-off. Be careful with longs!
👇 What do you think: did the authorities figure out the key, or did they just “beat” the password out of someone? Let us know in the comments! 💬$ETH

Many people ask: Why does Said trade Bitcoin!
It's simple—Bitcoin is the foundation. Everything else—$NVDAB $AAPLB $AMZNB and so on—are altcoins!
In the long run, they will NEVER outperform Bitcoin in terms of returns 🤑
That's what Said thinks!
And Warren Buffett put it this way: When you bet on horse races, you bet on the one best horse, not on all the horses…

A long entry point for the legendary Said!

Said went long on Ethereum and Bitcoin!
Put all his money in!
This is not financial advice, but the price will never be lower 🤑$ETH

Folks!
What are we doing today?
Today, we’re putting ALL our money into Bitcoin and Ether, going long, and holding until Bitcoin hits 97,000 and Ether hits 3,360 🤑
Something like that 💪🏽💪🏿💪🏾 Why?
America will buy it all back in November 🤑

Said continues to maintain a bullish outlook on Bitcoin! 🚀

BTC still has room to rise, with the next key target in sight at $97,000. If buyers continue to hold the initiative and the upward momentum persists, Bitcoin could gradually approach this level.

📈 For now, the main thing is to watch how the price reacts at key levels and look for confirmation of further movement. Local pullbacks are possible on the way to the target, so it’s important to take market volatility into account.

🎯 Target: $97,000

Said is optimistic about the market and continues to monitor BTC’s price action.

Why are OpenAI employees taught to refuse champagne?

At security training sessions, OpenAI tells employees the story of an American diplomat in Russia. First, a blonde woman showed up at his hotel room with champagne. After he turned her away, a redhead came, followed by a young man... Employees are supposed to internalize the reflex that “the same thing could happen to me.”

Similar warnings (WSJ) are given at Anthropic and Google, and there’s no shortage of reasons for them. This week, the FBI arrested an OpenAI employee accused of hiding a recording device behind a TV in a conference room.

The corporate “honey trap” is no fiction dreamed up in spy novels. In 1965, Ralph Nader published *Unsafe at Any Speed*, a book about the unreliability of American cars. It became a bestseller and ultimately led to a highway safety law. But GM decided to discredit the author. The company tapped his phone and hired a private detective, and when they found nothing, sent a prostitute to approach him by the sandwich counter in a supermarket. Nader turned her down, later sued for invasion of privacy, and was awarded $425,000.

📚 Do you think anything has changed in 100 years?

This is the book “Beating the Stock Market” by American analyst Reed W. McNeel—a 1920s classic about the psychology of stock-market speculation.

And do you know why there’s a lamb on the cover? On Wall Street, newcomers have long been called “lambs”—the ones the market “fleeces.”
The author, McNeel, once ran his own analytical service in Boston, McNeel's Financial Service, which published the book.

The book’s main idea is that the market itself doesn’t beat people; their own emotions do. McNeel wrote that most people who go to the stock market to make money lose before they even get started, because they have the wrong attitude toward speculation. He advised emotional people who lack independent judgment and the willpower to act on their own conclusions to stay away from the market altogether.

A second important idea is close to value investing. In his view, people don’t ask, “Is this security cheap, and is it trading below its real value?” They’re interested only in “whether it will go up.”

👀 Competition is taking its toll

OpenAI cut token prices in half when the wave of Chinese open models hit. Some even link this to the July chip sell-off. Then it postponed its IPO.

Now Anthropic’s token prices have also been cut by 50% over the past month (though they’re still higher than OpenAI’s).

Users should be happy, but the market has more and more questions and fewer and fewer answers. Expectations are clearly too high.

🙄 They say it’s underwhelming

Anthropic showed investors its numbers ahead of its IPO

According to the FT, Anthropic’s revenue grew 46% to $16.8 billion in the third quarter. The company has been profitable on an adjusted basis for the second consecutive quarter, has positive cash flow, and generates $1.70 in revenue for every $1 it spends on computing.

But there’s a problem with the pace. Revenue more than doubled from the first to the second quarter, but growth has now slowed. SemiAnalysis estimates an annualized run rate of $74 billion, although the company’s investors were talking about $100+ billion by year-end this summer.

Competition is taking its toll. Both Meta and Microsoft are moving to their own models, OpenAI is once again a strong competitor, and prices are falling because of low-cost Chinese players. Anthropic has also restricted competitors that trained their models on its responses. That accounted for 5–7% of revenue.

💬 Investors in our LifeHUGS community are skeptical. Meeting forecasts doesn’t drive growth because it’s already priced in. If Nvidia had grown at this pace in 2023, its stock would still be at the same levels today. People expect AI to deliver an earnings surprise.

For an IPO targeting a $2 trillion valuation, this is a weak spot, especially with interest rates rising and more than $500 billion in computing commitments ahead.

The broader impact is already being felt, because Anthropic’s figures are affecting sentiment around chips.

📖 Zuckerberg says their AI is already ahead of everyone else.

In an interview with the FT, he used the big words “frontier”, and that the leadership is based on “some benchmarks” that Meta … chose itself. The launch was also spoiled by bugs with limits.

The previous Muse Spark in April was clearly lagging behind. So it’s too early to take his word for it.

More importantly, Meta is abandoning open models and starting to sell the best versions of the business, from $0.20 per million tokens to $200 per month for premium. This is the first attempt to make money on AI directly, and not just through better advertising targeting. However, in the corporate segment, Anthropic and OpenAI already have both contracts and a reputation, so it will take a long time to win back customers.

The real strength of $META is in distribution. Muse is still the most popular app in the US app stores, and the stock has gained almost 10% since the beginning of September.

Zuckerberg sees his future in “personal superintelligence” for ordinary people, while OpenAI and Anthropic are betting on office automation. For a company with billions of users, this is a logical choice, although how it will make money from it is still unclear.

📊 Bank earnings season got off to a mixed start.

▪️Dow futures +0.9%, Nasdaq 100 futures -0.7%.
▪️Goldman Sachs (GS) +4% in premarket trading. The bank posted its second-highest revenue ever, at $18.7 billion (+23%). Earnings were $17.01 per share versus $12.86 expected. Equity trading revenue rose 72%.

▪️JPMorgan (JPM) missed expectations. Earnings were $5.57 per share versus $5.93, due to a $658 million loss on securities and a decline in client activity. Shares fell 4%, but recovered their losses after the bank forecast fourth-quarter net interest income of $28 billion, above consensus.

▪️Citigroup (C) increased profit by 40% to $5.25 billion. Wells Fargo (WFC) reported a 6% increase in profit, but revenue came in below forecasts. Both banks reported stable consumer spending.

▪️UnitedHealth (UNH) +3% after a strong quarter and an increase to its annual forecast.

▪️Chipmakers' shares are under pressure after China's CXMT announced a new type of DRAM. Samsung -7%, SK Hynix -10%, KOSPI -5.5%. Micron (MU) -3%, with Nvidia (NVDA), Marvell (MRVL), and Sandisk (SNDK) also falling.

▪️In a Bank of America survey, 45% of fund managers named long chip positions as the most crowded trade.

👀Bank of America (BAC), Morgan Stanley (MS), and BlackRock (BLK) report tomorrow.

📊 The Economist on how households in developed countries are increasingly making money from stocks rather than real estate.

And that, for a moment, is a reversal of a twenty-year trend🫡.

According to the McKinsey Global Institute, of the $40 trillion increase in global household wealth in 2025, 57% came from stocks and just 15% from housing. Over the previous 25 years, real estate accounted for an average of 52%, while stocks made up 26%. In the US, according to Goldman Sachs estimates, stocks overtook real estate in the composition of household wealth for the first time since World War II this July.

There are several reasons.
▪️Housing is still very expensive, so young people can’t afford to buy it—and are turning to the stock market instead. JPMorgan says the share of 25-year-olds with investment accounts increased sixfold from 2015 to 2024.
▪️High interest rates are holding back home prices, and Moody’s Analytics expects annual growth of just 2.1% in the US, compared with 5% over the past decade.
▪️Meanwhile, governments are scaling back incentives for buyers and strengthening protections for renters.

At the same time, stocks are now valued at record highs, so wealth is simply shifting into a more volatile asset.

💰 On crypto’s mass adoption

Back in 2023, stablecoin cards were barely used. But in July 2026, spending on them exceeded $1 billion in a single month for the first time, according to Paymentscan data.
More than two-thirds of transactions were paid for with USDC and USDT, mostly for groceries, fuel, and taxis. In other words, they’re now being used for everyday purchases, not just speculation and transfers.

The mechanism still relies on the “usual suspects”—Visa and Mastercard—which convert digital dollars at the point of sale. Adoption is growing fastest in Latin America and Africa, where these cards can serve as a substitute for a dollar bank account.

Of course, the scale is still modest. The annualized rate is about $12.9 billion—very little compared with global payment networks—and around 38% of the volume is based on data provided by a single company...

Still, who’s making money from this besides those on the chart?
▪️Visa (V) and Mastercard (MA) collect a fee on every payment, though it’s not yet noticeable in their revenue.
▪️Coinbase (COIN) benefits because its blockchain, Base, has become the main platform for these payments.
▪️Circle (CRCL) earns interest on USDC reserves, so what matters more to it is how many stablecoins exist in the first place, not how much people spend with them.

🕯 They say that in a situation like this, sharp moves are unavoidable

Over two months, the Dow fell 5.7%, while the Nasdaq rose 4.2%. A gap of 9.9 percentage points occurs in fewer than 5% of cases since 1971, according to Mark Hulbert (Hulbert Ratings).

Historically, after similar gaps, the S&P 500 gained an average of 3% over three months, nearly 7% over six months, and about 9% over a year. When the Nasdaq lagged the Dow by just as much, however, the annual return was only around 2%.

Still, the biggest gap—over 40 percentage points—came in March 2000, at the dot-com peak. After that, the S&P 500 lost nearly 50% by October 2002. So Hulbert sees this as a signal, but not of direction: rather, it points to a heightened chance of a sharp move either way.

Right now, the gap between the Nasdaq and the Dow is normalizing. And Korea’s “party” is coming to an end.

💡Goldman: AI models don’t matter

They compete every quarter for the title of best.
But a lasting advantage comes from owning computing capacity. There isn’t enough of it, and it’s not just a matter of chips. Data centers lack electricity. Of the roughly 16 GW of capacity planned in the U.S. for 2026, only about 5 GW is under construction. According to Wood Mackenzie, more than two-thirds of the capacity data centers need will never come online.

This creates a paradox: the factors holding back the construction of new data centers make those already built even more valuable. Large cloud companies have invested the most in them. That’s why, in Goldman’s view, the market is right to value them more highly than others.

Last week, hedge funds sold tech stocks en masse following news about OpenAI’s revenue. Goldman advises investors to focus not on whose model is currently ahead, but on who owns the computing capacity.