Gm. Hey everyone. I’m starting a new project, and I’m going to be showing the whole process in public. The good, the bad, all of it. Like a Runescape progress series but for building a business. It would mean the world to me if you could show some love. Check it out here, and thank you!

— Stephen Flanders

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🏠 CRYPTO

Bye Bye Binance

Welcome back to Homescreen, the only newsletter where Sam Altman isn’t the leading story.

Yes, I know Sama is the thing right now, and there have been a ton of updates since Monday’s story, but I just can’t subject you to another OpenAI newsletter.

Luckily for all of us, we have a major crypto story to talk about. Almost a year after FTX went belly-up, another major crypto exchange has bitten the dust.

Binance, the world’s largest crypto exchange, and CZ, Binance’s CEO and crypto’s most powerful person, have both been 86’d out of the US.

More specifically, Binance has agreed to pay $4.3B and CZ has agreed to resign from his post in order to settle a DOJ lawsuit that alleged they broke sanctions and money-transmitting laws. Basically, they allowed billions of dollars to flow to people it shouldn’t have been flowing to.

So, Richard Teng, Binance’s Global Head of Regional Markets, is now CEO.

Obviously, you’d expect a development this big would come with multiple consequences. And there are a few:

• Coinbase is now the unquestioned dominant exchange in the US, and CEO Brian Armstrong knows it.

• A win this big could embolden the regulators to go after crypto harder, which Janet Yellen seemed to imply.

But overall, it seems the reaction is pretty muted. Hell, the largest crypto exchange was just kicked out of the country and yet bitcoin is UP 1.5%.

Perhaps this is a signal of something. With FTX, Binance, Luna, Celsius, BlockFi, Voyager, and 3AC gone, it appears that all of the deadweight holding the industry back has now been flushed out.

Couple that with seemingly imminent ETF approval, and it starts to make sense why crypto isn’t holding on for dear life.

But Wait: There’s still a lot of ground to go before new all-time highs are reached.

Under 1-Second SDXL Image Generation with LCM-LoRAs

Huge news! 2 major advances in image GenAI models have vastly improved the speed and cost of generating high-quality images: SSD-1B and LCM-LoRAs.

SSD-1B is a distilled version of SDXL that is 50% faster, with only a small difference in image quality.

LCM-LoRAs, an even newer and more impressive innovation, enables you to get high-quality image output in less than one second and the lowest SDXL image prices today.

Both are now available on OctoAI, where their Asset Orchestrator technology, smart caching, and fast asset loading make these SDXL innovations genuinely shine.

Read all about how to achieve this yourself in this blog. Then sign up and try OctoAI today to get over 1k SDXL images free. Your users will thank you!

🤝 THE LATEST IN…

TECH

• Meta is opening up data for Instagram and Facebook.

• If Spotify has no friends, Google is no longer alive. 

• Amazon is bringing live shopping to the NFL.

• Linda Yaccarino’s friends are urging her to resign from X. 

AI

• Stable diffusion is getting into the video game. Videos that is, not literally video games.

• Amazon is going to teach you AI for free.

• Don’t count Sam Altman out yet.

• Claude keeps getting better.

SCIENCE

• Enter electrocaloric heat pumps.

• Chipotle’s founder is starting a robot-run vegetarian restaurant chain.

• Let’s take carbon dioxide, and push it somewhere else (under the national forests)!

• Northvolt has developed a state-of-the-art sodium-ion battery.

CRYPTO

• CoinDesk is now the property of the crypto exchange Bullish.

• Kraken is accused by the SEC of improperly mixing customer funds.

• A DAO is suing itself.

• Keep an eye on the intersection of AI and crypto. 

🏃‍♀️ QUICKIES

Raise: Atlas, a builder of 3D virtual worlds and experiences, raised $6M.

Stat: 95%: The percentage of OpenAI employees willing to quit if Sama isn’t reinstated. I hope one day somebody likes me half as much as OpenAI’s employees like Sama.

Rabbit hole: After The Human (Noema)

😂 WACKY AI WEDNESDAY

I don’t even know what to say.

🛠️ FOUNDERS CORNER

The best resources we recently came across that will help you become a better founder, builder, or investor.

🌹 Flowla is a digital sales room that wins deals.

🤖 Askpot makes competitive analysis 5x faster.

🌆 These are the best cities for techies.

💉 DOPAMINE HIT

Really thought this was AI…

@suitscorp

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