David Buttrey

classics that define western civilization.

Matt Cole argues Bitcoin's returns could ACCELERATE as the debt crisis worsens... @ColeMacro explains why that possibility changes how he thinks about amplification.

JUST IN: 🇩🇪 $732 billion Deutsche Bank officially launches Bitcoin custody for paying clients 👀

JUST IN: 🇺🇸 Former CFTC Chairman Chris Giancarlo says "the genie is out of the bottle" on crypto, and it’s going to consume the entire financial system 👀 "Wall Street itself is now adopting digital network technology as its very architecture." 🚀

Both markets are still early relative to who could use them. About 1 in 3 overweight adults qualify for a GLP-1 today. About 1 in 100 are taking one. For AI, about 2% of people online pay for it.

Vlad Tenev (@vladtenev) is the co-founder and CEO of Robinhood. In January 2021, in the middle of the meme stock frenzy, Robinhood's deposit requirement went from under $100 million to "something like $3 billion" almost overnight. The total capital the company had ever raised was about $700 million. His first call was to @mickymalka: "He's like, 'How much do you need?' I said, 'I don't know, 250 million, 500 million. I'm not sure.' He's like, 'I've got it.'" Back in March 2020, the two of them had put a term sheet in place so the money could be "wired in your account same day." Once Micky was in, everyone else followed: "We probably had $10 billion of demand at the first term." "It was a consequence of too much success, which is quite rare." Vlad came to America from Bulgaria at 5, not knowing a word of English. His grandparents stored their wealth in copper cookware during hyperinflation. His dad told him he'd give him his SAT score in dollars to invest. He went on to study math under Terence Tao, then took a leave from his $18,000-a-year math PhD to take a shot at starting his own company. This was an awesome conversation: 0:00 Why Ribbit passed on Robinhood's seed round 2:19 "You're going to want me on your board" 5:35 The day-long trading outage of March 2020 9:22 A term sheet for a crisis that hadn't happened yet 15:00 Crypto goes from zero to a top revenue stream 16:27 The $3 billion deposit requirement 18:35 "Vlad, you have to call work right away" 21:34 The first call: Micky Malka 24:31 "Time kills all deals" 25:33 Number one app in the App Store, ahead of Instagram and TikTok 27:01 $10 billion of demand 29:33 Hyperinflation and copper cookware in Bulgaria 35:34 "Manhattan just seemed like science fiction" 47:15 His SAT score in dollars to invest 50:53 Studying under Terence Tao 1:00:22 "You want to be businessman, huh?" 1:03:48 The best parts of math without the bullshit 1:05:56 Would I be proud of this in 50 years? Includes paid partnerships.

SpaceX is making moves to become the first AI carrier $SPCX • Current cell towers are still mostly “dumb” radios. The Qualcomm deal is about making them AI-native. • Edge inference at the tower, like an updated Akamai for AI • Starlink Direct-to-Cell and V3 satellites alongside the terrestrial build Qualcomm’s CEO said the SpaceX agreement is finalized — not an engagement. SpaceX will build the base stations. Qualcomm supplies the silicon and the RAN accelerator for a terrestrial network he called one of the largest 5G deployments in the United States, with an AI-native architecture.

Explore Mini 2 in real-time 3D. We wrote our own 3D renderer to achieve the fidelity and performance we needed to make this awesome. starlink.com/mini-2

Starlink Mini V1 vs Starlink Mini V2 • ~40% thinner • 1.6 kg with battery and kickstand (vs 1.16 kg) • Built-in 71 Wh battery enabling 4.5 hours of connectivity • Total size is about the same (~7% more total area) • 50% more WiFi coverage • Tougher materials enabaling more durability • 60W USB-C charging (no more proprietary plug) • WiFi 6 • Quick-release battery system. You can buy multiple batteries. • Same IP67 rating Mini V2 will enable connectivity anywhere, even when there’s no power. Game changer.