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Situational Awareness Crisis Reflection: 1confirmation Founder Says "Smart Money" Is Repeating the Same Mistakes

1confirmation founder Nick Tomaino posted comments on the AI investment fund Situational Awareness crisis incident, stating that recent discussions surrounding the fund reflect a long-standing problem in the investment circle: many so-called "elites" and "smart money" lack basic risk judgment capabilities. Tomaino stated that he does not know all the details of this incident and does not wish to comment on the specific liquidation process, but he believes a deeper problem is that many investors are driven by wealth and attention, gradually ignoring facts, risks, and judgment of others. Citing the FTX collapse as an example, he noted that many people could detect abnormalities after brief contact with the founder, but a large amount of "smart money" chose to continue investing and endorse it due to chasing returns and market narratives. Tomaino pointed out that a similar phenomenon occurred with the founders of Situational Awareness and the investment circle supporting the fund: the same type of investors chased grand narratives, provided funding, and drove promotion, but ultimately the fund fell into distress due to high-risk bets and market reversals. Industry participants should learn lessons from this and avoid repeating the cycle of "chasing hotspots—ignoring risks—collectively stepping on mines."

Meme or Self-proving? "ByteDance Stock Trading 30 Million Financial Freedom" Individual Claims "Returned Hometown to Work as Security Guard and Delivery Driver," English-only Posts See Over 90% Drop in Views

Odaily Odaily News Recently, @leto_bao, who became an internet sensation with the persona of achieving "financial freedom through stock trading at ByteDance with 30 million RMB," responded to rumors on the X platform. He claimed, "I have returned to my hometown. I work as a security guard in an office building during the day, deliver food at night, set up a barbecue stall in the early morning, and sell breakfast at the school gate in the morning. I only sleep 3 hours a day, shuttling between McDonald's and hospital outpatient clinics. I dare not go home because debt collectors block my door every day. For meals, I open free treasure chests; for showers, I use the company bathroom. I have already reached a repayment plan with the bank, expecting to clear the debt in 50 years. Please stop making fun of my suffering."The community speculated that it might be for entertainment effect, a playful response using memes. However, some people questioned in the comments that he still hasn't provided solid proof of his investments, suggesting it's merely hype. Others even claimed to have found records of his previous failed attempts to build an online presence.Subsequently, he stated bluntly: "I will no longer post in Chinese. The Chinese circle on X is very toxic—filled with anger, bot accounts, and no real discussion. Everyone is chasing creator rewards rather than genuine communication. My posts haven't received any feedback worth responding to. I feel I can get more from the English community here." However, the viewership of his subsequent tweets plummeted from hundreds of thousands to only around 40,000 to 70,000.

Circle Agent Stack Open Source, Supports Multi-Framework AI Agent Integration with Wallets and USDC Payments

According to Circle's (@circle) official announcement, Circle Agent Stack is now open source, enabling developers to add wallets, USDC payments, and on-chain operation capabilities to AI agents. It currently supports the following mainstream frameworks: OpenAI Agents SDK, Claude AI Agent SDK, LangChain, Mastra, Vercel AI SDK, and Google AI ADK. Developers can directly clone the example code to get started quickly, and the project is hosted on GitHub. This move is regarded by the industry as a significant advancement in AI agent payment layer infrastructure, expected to accelerate the large-scale adoption of Agentic AI.

Circle Launches Circle Agent Stack to Build AI Agent Economy Infrastructure

According to Circle’s official announcement, Circle Internet Group (NYSE: CRCL) unveiled the Circle Agent Stack on May 11—a suite of services and tools purpose-built for the agent economy, designed to empower AI agents as autonomous economic participants. Initial offerings include: Circle CLI (Command-Line Interface), Nanopayments—microtransactions in gas-free USDC down to $0.000001, powered by Circle Gateway; Agent Wallets—policy-controlled agent wallets; and Agent Marketplace—a directory of agent services. These products are now officially live at agents.circle.com.