OpenClaw founder predicts: 80% of apps will be eliminated by AI Peter, the founder of the recently popular open-source AI assistant OpenClaw, boldly asserted in a recent guest appearance on the Y Combinator podcast that the app era is over, and 80% of existing apps will be eliminated. He gave an example that, because AI agents will actively record what you eat, what you like, and will proactively adjust your fitness plan, there will no longer be a need for fitness apps. Additionally, to-do list apps will also disappear; you just need to tell the AI something, and it will automatically remind you of everything. In Peter's view, any app that is only used for manually "recording" and "managing" data will become redundant. AI can manage this data better and more easily for you. Those that will survive will be the models themselves and a few applications that must rely on hardware sensors. Are you ready for this "app extinction" triggered by agents?

Pantera Capital partner speculates that the recent sell-off in the crypto market was triggered by large Asian entities outside the crypto space. Pantera Capital's general partner Franklin Bi wrote that the recent large-scale sell-off in the crypto market was not driven by a trading firm focused on cryptocurrency, but rather by large entities from outside the crypto circle in Asia. This entity has limited crypto trading counterparts, which is why it went unnoticed by the crypto community. Franklin Bi speculates that this entity engaged in leveraged trading on Binance → closed yen arbitrage trades → faced an extreme liquidity crisis → received about a 90-day grace period → attempted to recover through gold/silver trading but failed → and was forced to close positions this week.

Pantera CEO: The cryptocurrency industry suffers from Stockholm syndrome 🤡 In a recent statement, Pantera CEO Dan Morehead bluntly said that the crypto industry "has been tortured by regulation for so long that it has developed Stockholm syndrome." He mentioned that the period when the SEC simultaneously sued Coinbase and Ripple Labs made any institution hesitant to bring crypto issues to state legislatures, which is also a reason for the industry's long-standing negative state. Morehead believes that the current shift towards a more neutral regulatory stance is an important turning point, but what is truly concerning is that nineteen out of the top twenty protocols globally are no longer based in the U.S., which is completely different from the landscape of major companies emerging in the free world during the internet era. Tom Lee also expressed his agreement on-site.