BIG NEWS -Future of Disruptive Tech is being rebranded. We are changing our name to “Next Wave.” So if you see an email in your income from “Next Wave” please don’t be alarmed "(or hit spam).

_{Read Time: 10 Minutes}

Today’s Menu

• Apple Admits Defeat on Vision Pro

• Government Shutdown Kills Crypto ETF Momentum

Markets

TODAY IN AI

Apple Admits Defeat on Vision Pro

Apple just canceled plans to overhaul its Vision Pro headset, instead pivoting toward AI smart glasses designed to compete with Meta's Ray-Ban lineup.

The company halted work on a lighter, cheaper Vision Pro variant planned for 2027, reassigning teams to fast-track several glasses designs. A 2027 release will connect to iPhones without its own screen, while another version with integrated display aims to rival Meta's offerings.

The devices will lean on voice controls and AI features with speakers, cameras, and health tracking powered by the upcoming Siri upgrade.

Vision Pro's 2023 launch generated massive hype, but high prices, heavy design, and poor adoption turned it into an afterthought. Meanwhile, Meta expanded its smart glasses line with Display, Neural Band, Oakley variants, and Ray-Ban Gen 2.

Apple needs to nail the Siri redesign before becoming a credible player in AI wearables. This pivot isn't innovation - it's admission that Vision Pro failed while Meta found product-market fit.

TODAY IN CRYPTO

Government Shutdown Kills Crypto ETF Momentum

Yesterday the floodgates opened for crypto ETFs. Today Washington slammed them shut with a government shutdown.

Congress failed to reach a funding deal Tuesday night, putting dozens of crypto ETFs primed for SEC approval - Solana, Litecoin, XRP - into complete limbo.

During shutdowns, the SEC "goes home." No comment letters, no sign-offs, no approvals. Nothing moves until funding restores. One source said bluntly: "The expectation is that the SEC is not working on crypto ETFs' registration statements until the government reopens."

The irony is brutal. Just as generic listing standards made ETF approvals essentially automatic, politics yanked the cord. Trump-appointed SEC chair Paul Atkins could theoretically carve exceptions, but don't count on it.

The SEC could batch-approve multiple ETFs in October or November - but only after the lights come back on. The ETF supercycle is still coming. It's just on pause while Washington plays politics with the regulatory calendar.

Want to share The Future of Disruptive Tech with a friend, family member, or coworker? Pass this link along to them.

Thanks for reading!

Until next time,

Damon James