Hidden Values

JUST IN: 🇺🇸 SEC approves Nasdaq Bitcoin index options trading.

JUST IN: Billionaire Mark Cuban says he sold "most" of his Bitcoin. "Bitcoin has lost the plot."

Wealthiest person in the world: “My company owns 18,712 BTC" Largest asset manager in the word: "Most popular ETF is Bitcoin product" Your financial advisor: "Bitcoin is volatile and risky, I wouldn't touch it with a 10ft pole"

Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative. I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time.

BREAKING: Japan's 10Y Government Bond Yield surges above 2.80% for the first time in history. This truly is one of the most insane charts ever seen.

BREAKING: The US 30Y Note Yield rises to 5.18%, its highest level since July 2007.

BREAKING: The UK's 30Y Government Bond Yield surges to 5.85%, its highest level since March 1998. Global bond markets are bracing for severe inflation.

JUST IN: Jerome Powell’s tenure as Fed chair ends today.

BREAKING: The average price of ground beef in the US is now up to a record $6.90 per pound. On a non-seasonally adjusted basis, ground beef prices have exceeded $7.00 per pound for the first time in history. Prices have surged +77% since January 2020, when they stood at $3.89 per pound. Furthermore, the average price of uncooked beef steaks is up to a record $13.02 per pound, surging +70% since January 2020. Ground beef prices have now DOUBLED since 2013. Food inflation is running hotter than ever.

JUST IN: U.S. sells 30-year Treasuries at 5% for the first time since 2007.

BREAKING: Bitcoin surges above $82,000 after the Senate Banking Committee advances the Crypto Clarity Act.

While April CPI inflation rose to 3.8%, inflation is much higher in many basic necessities: 1. Energy Commodity Inflation: +29.2% 2. Gasoline Inflation: +28.4% 3. Airfare Inflation: +20.7% 4. Energy Inflation: +17.9% 5. Electricity Inflation: +6.1% 6. Fruits and Vegetables Inflation: +6.1% 7. Hospital Services Inflation: +5.5% 8. Motor Vehicle Repair Inflation: +5.1% 9. Apparel Inflation: +4.2% This has driven cumulative inflation since 2020 to +29%, meaning goods that cost $100 in 2020 now cost $129 today. Inflation remains a major issue for Americans.

When you see two headlines like these, on the same exact day, it is a clear sign that the economy is not just K-shaped, but the system itself is broken.

This might be the most incredible chart out there The stuff of revolutions

Anyone else noticing lately that the elastic on the boxer briefs they’ve had since 2016 isn’t holding up anymore? Planned obsolescence…these capitalist fucks…