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GM. Some positive economic trends on this lovely Friday. Inflation is showing signs of not completely f*cking us as NASDAQ and Bitcoin reach all-time highs. Musk is suing Altman, and Adobe wants to take over music production.

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

Today’s Specials:

• Weekend Alpha: What to Watch 👀 – Bitcoin Is Goin’ Crazy

• No FOMO News 📰 : Coinbase Glitch Shows $0 Balance

• No FOMO 🗿 – US Inflation Coming Back To Earth

• AI Intel 🤖 : Adobe Teases Photoshop of Music

• AI App of the Week 💻: Your Visual Assistant

Weekend Alpha – What To Watch 👀

Crypto Mania Drives Record $520 Million Into BlackRock Bitcoin ETF in a Single Day, Ray Dalio sees M7 stocks as a "bit frothy but not in a bubble,” Crypto Analyst Predicts Solana Push To $600, Institutional investors poised to fuel a major surge in Bitcoin ETF adoption, Bitwise predicts.

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Inflation Is Coming Down

$5 croissants aside, apparently inflation is coming down a bit with new economic data. My grocery bill is still $130 for two dinners and a bag of rice and I’m totally not salty about it but here are some key insights:

• The Personal Consumption Expenditures (PCE) price index has decelerated, marking a 2.4% rise over the past 12 months, signaling a slow but hopeful march towards the Federal Reserve's 2% target.

• Core PCE, excluding food and energy, edged down slightly to 2.8% from December's annual rate, indicating underlying inflation is on a gentle decline.

• Despite the progress, January saw a spike in prices from December, with a notably quick pace in the increase of core inflation rates.

• Consumer behavior reflected caution, with a notable pullback in spending, particularly in goods (a 1.1% decrease), while services saw a modest increase.

While the road to economic stability appears bumpy, January's data showcases a gradual journey toward inflation control.

TLDR: Consumer spending is in a cautious dip (which is prob a good thing to keep em honest) and inflation rates are slowly but somewhat surely (is anything certain?) inching down. A light at the end of the tunnel, if you will.

No FOMO News 📰

• US inflation eased to 2.4% (FT)

• Morgan Stanley opens Abu Dhabi office (RT)

• New York shut down a Ponzi scheme run by a Harvard MBA (FT)

• Coinbase users see $0 balance after crypto-trading app suffers glitch (CNBC)

• Ethereum Layer 2 chain Blast releases official mainnet (The Block)

• Elon Musk sues OpenAI, Worldcoin sinks by 5% (Crypto News)

AI App of the Week 💻

This Week’s App De Jour: Kondor

Kondor is an AI assistant that can understand images. You can upload any image and ask questions like talking to a human.

Kondor can help with everyday requests like recipe suggestions, workout ideas, fashion tips, plantcare advice, and DIY help. It can help at work or school by explaining documents, analyzing images, and generating content.

This seems like another sign science has gone too far, but for now, it’s fun and flirty. Check out Kondor.

AI Intel 🤖

• Adobe previews new cutting-edge generative AI tools for crafting and editing custom audio (Adobe)

• Microsoft introduces Copilot AI chatbot for finance workers in Excel and Outlook (CNBC)

• Revealed: the names linked to ClothOff, the deepfake pornography app (Guardian)

• AI used by US forces to help identify hostile targets in the Middle East (Fox)

• Microsoft, OpenAI and Nvidia back $2.6bn robot start-up (FT

Mining for Memes ⛏️

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.