Binary Chase

I read all 277 pages of SpaceX's IPO filing so you don't have to. Losses up 700%. Revenue decelerating. 107x price-to-sales multiple. It's a trainwreck. Full breakdown below 👇

THE FASTEST-GROWING SECTOR IN FINANCE NOBODY IS PRICING IN. 🇺🇸 Real-world assets on-chain just crossed $33,990,000,000. The trajectory: 2023: $380,000,000. 2025: $5,000,000,000. March 2026: $19,000,000,000. May 2026: $33,990,000,000. That's an 89x increase in 28 months. US Treasuries lead: $15,490,000,000 on-chain. BlackRock. Franklin Templeton. Ondo. The issuers writing the new financial rails. The next 12-18 months don't price in mediocrity. They price in infrastructure.

This is before the new CGT. Good luck Australia

Jim Chalmers is in Singapore at business event explaining the benefits to startups why they should start their business in Australia under the new CGT regime

BREAKING: 🇮🇷 In the last 72 hours, Iran's IRGC waved ~100 tankers through the Strait of Hormuz. All under the new "Persian Gulf Strait Authority." The toll? Up to $2M per Tanker. Paid in $BTC. That's ~$100M in 3 days. From one chokepoint. Settled outside the dollar system. Is the petrodollar dead?

I don't think foreigners should own Australian homes or agricultural land. I wouldn't just ban new purchases, I'd give every foreign owner two years to sell to an Australian or get repossesed.

This chart explains why Poland, Italy and Spain can no longer reverse their demographic crisis with pro-family policies. It’s simply too late. Like it or not, smart immigration is the only solution to avoid an implosion of pension and healthcare systems, and real estate market.

LARRY FINK says America needs trillions in AI infrastructure spend, and YOU must "invest" in it "to be the leader in AI...[will] require trillions... in investments" "Much of this... [will come] from...savings accounts, pension accounts...insurance companies" "This is a must"

In the 1980s, the Norwegian salmon farming industry ran into a colour problem. Wild salmon are pink because they eat krill and small crustaceans containing a pigment called astaxanthin. The pigment accumulates in the muscle tissue and gives the flesh its colour. That colour is one of the cues a diner uses, consciously or otherwise, to decide whether the fish on the plate is appetising. Farmed salmon, raised on soy protein, corn meal, fish meal from wild-caught smaller fish, and stabilisers, do not eat krill. They do not accumulate astaxanthin. Without intervention, their flesh is grey. Washed-out, unappealing grey. Nobody buys a grey salmon. So the industry adopted synthetic astaxanthin, manufactured by Hoffmann-La Roche, originally developed as a feed additive to brighten poultry yolks. It is added to salmon feed in measured doses. The doses are calibrated against a colour chart called the SalmoFan, produced by the same company, which the farmer holds against a slice of flesh from a slaughtered fish to confirm the pigmentation has reached the commercially desirable shade. The SalmoFan has fifteen shades. The farmer picks the target shade based on what the supermarket buyer in the destination country considers appealing. Norwegian salmon, sitting on the ice in a British supermarket, has been colour-graded to match the expectations of a marketing department in Hoddesdon. The fish you're looking at is the colour the company chose. The fish didn't pick it. The krill didn't provide it. The pigment came from a Swiss laboratory. You're eating a paint sample. The paint is fish-flavoured. The fish remembers krill. It has never tasted krill. The krill is in a different part of the supply chain.

🚨Trump is now single handedly responsible for 27.7% of the national debt. This is dramatically more than any President in American history.

🇨🇳 A Chinese robot with pink hair just sang a love ballad to other robots. Her name is Xuan. She's a hyper-realistic robotic elf built by AheadForm, and her face runs on 42 independent motors designed to mimic every micro-expression a human makes. The creator? A Columbia PhD/Chinese social media star, and wrote the love song himself. The uncanny valley used to be a concept. Now it has pink hair and feelings. Source: MikeKhalil YT

This man robbed a bank for $1, sat down and waited for the police, just to get free healthcare in prison In 2011 a man named Richard James Verone walked into a RBC Bank in Gastonia, North Carolina Handed the teller a note demanding $1 One dollar Then sat down in the lobby and waited calmly for police to arrive He was 59. No job. No insurance. A growth on his chest. Two ruptured discs. Calculated that a federal conviction would guarantee him full medical coverage inside prison The judge sentenced him to 3 years He got the surgery He got the treatment He told reporters on the way out he had no regrets A 59 year old American man robbed a bank for $1 because it was cheaper than seeing a doctor

Microsoft just banned its own engineers from using AI. The tool was literally costing MORE than the humans it was supposed to replace. They lied to you about AI adoption and now the whole narrative is blowing up: Microsoft gave thousands of engineers access to Claude Code six months ago and encouraged them to use it. Engineers loved it and adoption exploded. But then the invoices arrived. Token-based pricing means every query, every code review, every debugging session costs money. At scale across 100,000 engineers, the numbers became so large that Microsoft issued an internal order to cancel nearly all Claude Code licenses by end of June and force everyone onto their own cheaper tool instead. The company that invested $5 billion in Anthropic just told its own people to stop using Anthropic's product because it costs too much. Uber's story is even worse... Their CTO Praveen Neppalli Naga told The Information that the budget he planned for the full year was "blown away already" by April. Uber had rolled out Claude Code in December 2025. By March, 84% of their 5,000 engineers were using it with 70% of all committed code coming from AI systems. Heavy users were burning $500 to $2,000 per month each. Naga himself spent $1,200 in a single two-hour demo session. The company had even built internal leaderboards ranking engineers by how much AI they used. They literally gamified the spending and then ran out of money. Now look at what Nvidia's own VP of applied deep learning Bryan Catanzaro said to Axios last month. Direct quote: "For my team, the cost of compute is far beyond the costs of the employees." This is a VP at the company that SELLS the chips saying that using AI is more expensive than paying humans. Think about what this means for the entire AI narrative. Every CEO on every earnings call for the past two years has said the same thing: AI will make us more efficient, reduce headcount, and cut costs. The stock market rewarded every company that said it. Fired workers, stock goes up. Announced AI adoption, stock goes up. But the actual companies deploying AI at scale are discovering the math doesn't work. The MORE employees use AI, the HIGHER the bill. Goldman Sachs forecasts a 24x increase in token consumption by 2030 as companies adopt AI agents. Gartner just published a report showing that even though individual token prices will drop 90% by 2030, total enterprise AI costs will go UP because agents consume exponentially more tokens per task than basic tools. Meta built an internal dashboard called "Claudeonomics" to track which employees use the most AI. Amazon started pushing engineers to "tokenmaxx," their internal term for consuming as many AI tokens as possible. Both companies are spending hundreds of billions on AI infrastructure this year alone. And Microsoft, the company that bet its entire future on AI, just told 100,000 engineers to stop using the tool they liked best because the per-token bills got out of control. The companies building AI are telling investors it saves money. The companies using AI are finding out it costs more than the humans it was supposed to replace. And even the company that makes the chips just admitted it through its own VP. This is the gap nobody on Wall Street is pricing in. $725 billion in AI infrastructure spending this year across Big Tech. And the first companies to actually deploy these tools at scale are already pulling back because the economics don't work. What do you think?

AI will not replace jobs overnight. It starts by watching humans, learning patterns, and automating small steps one by one. For companies, the incentive is obvious. Lower costs and higher output. For workers, that same job is often their entire stability.

chinese startup built an AI collar that translates barks and meows into full sentences. 95% accuracy. cost $118. 10k people have already pre-ordered it. It uses mics, motion sensors, and AI to read body language and vocalizations.

Congress just introduced a bill to buy 200,000 BTC per year for 5 years and hold it for 20 years. They are considering revaluing the U.S. gold reserves from the 1973 statutory price of $42.22/oz to current market prices to finance Bitcoin accumulation. Bullish!

Think about it.