@BullTheoryio Of course they want a piece of it without doing any works. It’s called usury.
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Francis
1.9K posts
Francis
@Xlightoflife
“I Am the Way, the Truth, and the Life” John (14:6) / “Everyone who belongs to the truth listens to my voice." John (18:36) /
Katılım Şubat 2009
785 Takip Edilen314 Takipçiler
🚨 SOUTH KOREA JUST PROPOSED TAXING UNREALIZED GAINS.
And this is one of the major reasons behind today's massive selloff in the Korean market, now being called BLACK TUESDAY in Korea.
At a forum hosted by South Korea's ruling Democratic Party, lawmakers called for comprehensive taxation that would treat unrealized gains on stocks and real estate as taxable income, even before the asset is ever sold.
The ruling party has pushed escalating wealth tax measures throughout 2026, including a February forum proposing to lower the real estate capital gains exemption threshold from 1.2 billion won to 800 million won, and an April push to abolish the long term holding tax deduction entirely.
Today is the first time this campaign has explicitly extended to taxing unrealized stock gains.
Under current law, investors are taxed only when they sell a stock and realize a profit.
Under this proposal, investors could owe tax on paper gains they have not sold or collected, simply for holding a stock that went up in value.
The Netherlands tried almost this exact policy four months ago.
On February 12, 2026, Dutch lawmakers passed a law taxing unrealized gains on stocks, bonds, and crypto at a flat 36% every year, whether or not anything was sold.
The backlash was immediate. A petition against it gathered more than 61,000 signatures, and Shopify CEO Tobi Lutke called it "the dumbest thing any government on planet earth is pursuing right now."
Just 13 days after the bill passed, the Dutch finance minister announced the government would scrap the unrealized gains portion entirely, admitting the law "cannot pass as is."
This lands directly on a South Korean market that just ran up nearly 95% over the past year, built largely on heavy retail buying with borrowed money.
A tax on gains that exist only on paper is a direct threat to the exact rally that created that exposure in the first place.
Bull Theory@BullTheoryio
🚨 THIS IS WHY EVERYTHING IS CRASHING AT THE SAME TIME TODAY. Gold, silver, and tech stocks are all down together right now, which usually signals forced selling across markets. AI SEMICONDUCTOR DELEVERAGING South Korea's Kospi crashed 10% today, triggering a circuit breaker for the second time this month. Samsung and SK Hynix both fell more than 12%. A local media report said SK Hynix is slowing down expansion of its newest chip and shifting focus to a lower priced, commodity grade chip to cover a shortfall. For a company at the center of the AI memory boom, that reads as a signal that demand assumptions are being walked back. On top of that, Korean investors had been buying chip stocks with record amounts of borrowed money, after regulators had already warned that the sector's rally had run too hot. Once the selling started, that leverage forced even more selling, which is what turned this into a circuit breaker instead of a normal pullback. QUARTER-END REBALANCING JPMorgan warned that quarter-end rebalancing could force up to $165 billion in equity selling worldwide. Big pension funds and sovereign wealth funds have to rebalance back to fixed stock-to-bond targets after a strong run in stocks. The window runs through June 30, so we are still in the middle of it. A HAWKISH FED 9 of the Fed's 19 policymakers are projecting at least one rate hike this year, and markets are pricing a 70% chance of a hike by September. That alone raises the cost of holding risk right now. USD/JPY AND A POSSIBLE YEN INTERVENTION USD/JPY had violent wicks yesterday, the kind of move that shows up when Japan steps in to defend the yen. The pair was already sitting near levels where Japan has intervened before. If that is what happened, it disrupts the yen carry trade, where investors borrow cheap yen to fund positions in stocks and other assets globally. Unwinding that trade hits unrelated markets at the same time, which lines up with gold, silver, and stocks all dropping together today. The move was on the smaller side, so a confirmed intervention isn't certain. But it's the one thread connecting everything else here. TECH SPECIFIC WEAKNESS The Nasdaq closed down 2.33% yesterday, and futures point to another 2.50% drop today. The Dow closed up +0.29% the same day, almost entirely from one stock, Caterpillar. SpaceX fell 16% yesterday, its third straight losing day, down from $176 to $154. Alphabet fell 5% on reports of AI talent leaving. Amazon, Meta, and Microsoft all fell with them.
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@shanaka86 Mid term is coming; so has to make up or cook something up.
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Before the bombs, Iran was sitting on 441 kilograms of near weapons-grade uranium, enough, by the standard yardstick, for roughly 10 bombs. The UN's own inspectors say they can no longer verify where it is. The entire war was to put eyes back on that pile. Today Iran said those eyes are not coming.
Walk the sequence, because it is the whole story. Monday, Vance stood in Switzerland and called it the thing he was "most excited about," Iran had agreed to let UN nuclear inspectors back in. Treasury put it in writing. The same day, the US switched on a 60-day license letting Iran sell oil again in dollars, unfreezing billions. Tuesday, Iran's foreign ministry answered: no meeting with the IAEA chief, no inspection of the bombed sites, "no protocol exists." Tehran says it made no new nuclear commitment in 18 hours of talks. None.
So the concession that cannot be clawed back, the oil money, is already flowing. The one thing the war was fought to secure, eyes on the uranium, Iran now denies it ever agreed to.
The fine print shows why. Anything touching the bombed sites or the stockpile was punted to "a specific mechanism" in a final deal that does not exist yet. There was never a yes. There was a promise to talk for 60 days, sold to the public as a milestone already banked. Washington announced a verification it had not won.
Trump's reply: Iran will accept "major weapons inspections" for "nuclear honesty," or he will "do what I have to do." Iran says the talks already stopped after the threats.
He wants nuclear honesty from Tehran. He might begin with the men who sold the inspections that Tehran says never existed.
Fox News@FoxNews
BREAKING: Iranian leaders pushing back on the demand for International Atomic Energy Agency inspections after VP Vance said the country agreed to allowing those inspectors into their country. President Trump warning there would be no negotiations without international oversight, saying Iran must continue honoring the agreement and vowed to "do what needs to be done" if Tehran backs away from its commitments. At the same time, the Strait of Hormuz is fully open again, oil shipments are increasing, and Trump is reiterating a message he's delivered for years: Iran will never be allowed to obtain a nuclear weapon. @TreyYingst reports the latest.
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@zerohedge You got to remember they are one of the biggest gamblers on earth.
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BREAKING: Trump says the Strait of Hormuz will remain open with no naval blockade reimposed, citing Iran's agreement to indefinite, "Infinity," nuclear inspections.
Trump says funds released by the US Treasury will go into US-controlled escrow, used exclusively to buy American corn, wheat, and soybeans for Iran.
He called it a humanitarian necessity and said talks are "going well."
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@MoreBirths That’s why people had more children before living with grandparents and uncle and aunts helping each other out. Nowadays everyone is living by themselves without any parents or grandparents.
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What is the impact of grandparents on fertility?
Three different recent studies found that having childcare help from grandparents leads people to have more children. 🧵.
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@shanaka86 You will get a better price; no rush; the market is starting to crack and btc will go with it.
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Bitcoin was sold as the hedge. The asset that rises when stocks fall and stands apart when they soar. Digital gold. In 2026 it failed that test from both directions in the same year, and almost nobody has said it plainly.
Watch what actually happened. Earlier this month global stocks hit a fresh record high on the AI rally. The same week, Bitcoin fell more than 12%. Then the Fed turned hawkish on the oil shock, and Bitcoin fell again. It did not rise with the risk rally. It did not hold as a haven against tightening. It just dropped through both, now down nearly 50% from its October peak.
Sit with the precise failure. The claim was never that Bitcoin goes up forever. The claim was that it moves independently, that it protects you when stocks fall and stays uncorrelated when they soar. This year it did neither. When equities ripped, it sank. When policy tightened, it sank harder. The only thing it tracked was its own leverage unwinding, more than a billion dollars in forced liquidations in a single day, more than once.
Now the contrast that should end the argument. While Bitcoin lost half its value, gold broke $5,000 for the first time, ran 64% in a year, its biggest gain since 1979, and got repriced by Wall Street as a core hedge. The two assets that share the name "gold" went in opposite directions. One was validated as the safe haven. The other traded like the riskiest thing on the screen.
This is the quiet verdict of 2026. Not that Bitcoin fell. Assets fall. The verdict is narrower and sharper. The one job it was sold to do, hedge, it did not do, in the one year it was finally asked to.
But I’m slowly DCAing .. what do you think about Bitcoin at this juncture?
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@AdamSimecka 🤣How about starting to know how to use a btc wallet first ?
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how it feels being a Micron $MU investor for the past 10 months
GIF
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@cryptopunk7213 Have you subscribed yet ? Does Sakana pull the api from the different models without us doing the set up ?
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the most impressive thing about this isn't that some random japanese company created a mythos-level model - its *how* they did it:
-> their ai model isn't actually a model, it's an API that calls *other models* (e.g. chatgpt, claude, their own)
-> their orchestrator selects different models to do different parts of your prompt. if a cheaper model can be used they'll do that. thats how they cut costs.
-> if a task is challenging then they'll use a frontier model (e.g. claude) to design a solution, then use a cheaper model to build it.
point is - frontier ai capability is no longer solely dependent on how good the model weights are, its how MANY model instances you can get to debate and come up with an answer between themselves
more models going back and forth = better cheaper answer.
we're moving from mono-model to multi-model
Sakana AI@SakanaAILabs
Introducing Sakana Fugu: A full multi-agent orchestration system accessible via a single model API. Our ‘Fugu Ultra’ model matches the performance of Fable and Mythos, delivering frontier capability without the risk of export controls. Try it: sakana.ai/fugu 🐡
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Biggest drop in GOOGL since May 2025. One reason why: Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Anthropic, he said Friday. In a post on X, he said he would begin working at Anthropic "after taking some time to recharge."
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@zerohedge I thought they signed a peace agreement; I guess not; just on paper and it doesn’t count. 😂
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@FeroceResearch I don’t use fragrance; it’s loaded with unnatural synthetic chemicals. If I have to I use baking soda and coconut oil and some organic oil.
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Fun fact, outside of the market, I am highly into clothing, watches, and fragrances!
With Father's Day just around the corner, here are all the colognes that I would recommend for anyone to purchase blindly:
(Anything with a "*" is affordable and can be found anywhere easily as these are not niche fragrance houses)
☀️Fresh/Aquatic
• Creed Virgin Island Water – Tropical rum-coconut paradise; sweet, breezy, vacation in a bottle.
• *Acqua di Gio Profumo (Discontinued recently, but can still be found online) – Smoky-aquatic masterpiece; incense and sea air (One of the safest and affordable blind buys for any nose out there)
• *JPG Le Beau Le Parfum – Coconut-almond gourmand freshness; beachy, sweet, effortlessly summery.
• *Mont Blanc Explorer – Pineapple-patchouli powerhouse; the budget Creed Aventus. (Pineapple DNA is the norm now, so the Aventus is no longer a standout like it used to be at its price point)
🍋Citrus/Fresh Daily Wear
• Bvlgari Tygar – Bright citrus-leather blend; sporty, modern, versatile everyday signature.
• Louis Vuitton Imagination – Citrus-woody with cardamom warmth; refined, aromatic luxury.
🍦Sweet/Gourmand-Fougère
• *JPG Le Male Le Parfum – Lavender-vanilla intensified; bold, sweet, magnetic evening wear.
🌃Night Events/Spicy-Woody
• Parfums de Marly Haltane – Dark, classy. Smoky leather-tobacco depth; formal, masculine, commanding presence.
• Cartier Pasha Noir Absolu – Spicy-woody sophistication; lavender-vetiver elegance, mature and polished
(The first 15 minutes may smell like manure a bit, but trust me, the middle and bottom notes are AMAZING as the cologne dries down)
• Guerlain Santal Royal – Creamy sandalwood-vanilla, rosy richness; warm, smooth, opulent oriental-woody for cooler nights.
Jonah Lupton@JonahLupton
PSA: not my typical post but it’s long overdue… most of you are wearing shitty colognes and it needs to stop… please do yourself a favor and buy some Maison Francis Kurkdijan Baccarat 540 Rouge… I promise your friends and family will thank you. I’m at my breaking point… if I have to sit next to one more person on a train, plane or anywhere else that is wearing cheap stinky cologne I’m going to snap. If you don’t want to spend $350 on a bottle of cologne then I believe there are some knockoff brands that probably smell the same and cost 80% less.
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@ShiningScience What does it tell you about American source food ? I guess wild Alaskan Salmon is not enough with the risk of contamination. Do we even trust wild one now ?
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Norway's soccer team shipped over a ton of food to the U.S. for the World Cup.
When Norway's national soccer team arrived at their Greensboro, North Carolina, training camp for their first FIFA World Cup appearance since 1998, they brought a massive piece of home with them.
Rather than relying on local American cuisine, the team shipped more than 1,000 kilograms (about 2,200 pounds) of food across the Atlantic. The cargo included 300 kilograms of Norwegian salmon and white fish, 116 kilograms of traditional *brunost* (caramelized brown cheese), and roughly 6,000 oranges.
Led by longtime team chef Aron Espeland, who has worked with the squad for 35 years, the culinary staff is carefully controlling every meal.
He was quoted by The Sun as saying, “We want what we think is good and work with the best Norwegian ingredients available. Being able to serve it when it really matters is something we take pride in.”
source: Editorial Team. (2026). Norwegian squad brings 300 kg of fish, 116 kg of cheese to World Cup. Crypto Briefing.
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@JesseOlson They keep messing around with their dividends thinking that paying STRC holders twice monthly will keep them and bring new people in instead it’s doing the opposite. It’s like when they messed around with their mNav changing every quarter. 😂
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$STRC had it's lowest weekly candle close since September 2025.
Probably nothing but definitely something.
Jesse Olson@JesseOlson
$STRC is on track to have it's lowest weekly candle close since September 2025. WHAT IF price retests the low from August of 2025.
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THIS IS ABSOLUTELY INSANE.
A company's AI bill jumped 700% in a single day because Anthropic changed how it charged for AI usage.
Workato had been paying one flat monthly fee to use Anthropic's AI. In May, Anthropic moved them to pay per token pricing, where every single prompt costs real money. The bill went up 7 times overnight.
Its own CIO said AI companies had been subsidizing usage for years just to get everyone hooked, and the moment that stopped, the real cost hit all at once.
This is happening everywhere right now, not just at one company.
Amazon, Walmart, Cisco, Uber, and Meta are all now capping how much AI their own employees can use.
These are the exact companies that spent the last two years forcing AI onto every employee as fast as possible.
Uber burned through its entire 2026 AI budget by April and now caps employees at $1,500 a month.
Amazon told staff to stop using AI "just for the sake of using it" after engineers were caught running agents just to climb internal leaderboards.
JPMorgan published an internal note this month titled "AI Bills Are Out of Control." Some JPMorgan employees are reportedly spending more on AI every month than their own salary.
Here is why this is not just a cost story inside a few companies.
It is a direct threat to two trillion-dollar IPOs.
OpenAI and Anthropic both filed confidentially for IPOs this month, both targeting valuations near $850 billion or higher, and neither company is profitable. OpenAI reportedly loses $1.22 for every dollar of revenue it makes.
OpenAI's losses tell the same story from a different angle. In 2024, OpenAI lost $5.09 billion. In 2025, that loss grew to $38.5 billion, nearly 8 times higher in a single year. Costs are growing faster than revenue at exactly the moment OpenAI needs Wall Street to believe the opposite is happening.
Their entire pitch to public investors is that enterprise spending keeps climbing. The exact backlash forcing Amazon and Uber to cut back is happening at the precise moment both companies need Wall Street to believe the opposite.
OpenAI already sees the danger. The Wall Street Journal reported this week that OpenAI is weighing steep token price cuts specifically to stop losing customers to Anthropic, whose Claude Code product helped its revenue jump from $9 billion to $47 billion annualized in five months.
But cutting prices only works until someone undercuts you.
Artificial Analysis benchmarked every major AI model on identical tasks and tracked the total cost. Anthropic's flagship model cost $4,811 to run the full test.
OpenAI's cost $3,357. China's DeepSeek cost $1,071. Another Chinese model, Kimi, cost $948. China is not trying to match American AI on quality. It is making premium priced AI look completely unnecessary.
Bain surveyed nearly 1,000 companies on AI returns. 40% said their actual cost savings came in below 10%, despite everything they spent.
One investor told Axios that a CFO accidentally spent half a billion dollars on Claude in a single month before anyone even noticed.
OpenAI and Anthropic are about to ask public markets to value them like the future of software itself.
Their own biggest customers are proving in real time that they will not pay whatever it costs to get there.
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