Joined April 2010
Cryptalist retweeted
⚡️Musk is attempting something far more consequential than a $10.7 billion giveaway. He’s creating a generation of Americans with a direct financial interest in the success of one of the country’s most strategically important companies. The genius of the structure is the distribution. One share per child creates millions of individual ownership relationships while leaving concentrated corporate control largely intact. A $146 gift has limited immediate economic significance. Its potential power comes from what happens afterward. Every SpaceX milestone becomes personal. Every increase in valuation raises the value of an asset held by American families. And every political battle involving SpaceX now has the potential to become a debate over the financial interests of those families. Musk is attempting to convert corporate success into a form of distributed political legitimacy. But the mechanism goes deeper. SpaceX already operates in sectors central to American strategic power: launch infrastructure, satellite communications, and defense. Its relationship with Washington will become increasingly consequential as space infrastructure expands. By distributing ownership across American children, Musk would begin aligning three constituencies that historically had different interests: shareholders, the federal government, and ordinary households. That alignment becomes especially powerful if SpaceX continues appreciating over decades. Children who receive their first share could eventually become adults whose earliest investment was tied to America’s space infrastructure. Musk is trying to turn SpaceX from a company Americans depend on into a company Americans feel they own. And the deeper consequence is the precedent. Private control of critical national infrastructure becomes easier to defend when millions of citizens have been given a financial stake in its success. If executed, this would be an unusually ambitious attempt to transform concentrated corporate wealth into mass ownership without surrendering the underlying concentration of power.
BREAKING: Elon Musk says he will donate one share of SpaceX stock, $SPCX, to every American child in 2027. There are currently ~73 million children in the US and SpaceX is trading at $146/share. This makes Elon Musk’s donation worth $10.7 billion based on current share price.
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Cryptalist retweeted
New @Citi research positions Aave as a collateral mobility protocol for tokenized capital markets. It calls collateral mobility one of tokenization’s most important use cases, with Aave able to take on functions that move tens of trillions of dollars in traditional finance.
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Cryptalist retweeted
We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit. It will start off with 5% of our shares. For every 50% increase in the company’s value over a set baseline, we can contribute up to an extra 2%, subject to our board’s discretion. In total, this means that roughly 20% of Anthropic’s shares are committed to the public good. Our co-founders have already pledged to donate 80% of their equity, and around half our employees are donating a portion of their equity as part of a donation matching program we’ve run since our founding. In the post below, we share more details about our new fund. anthropic.com/news/public-be…
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Cryptalist retweeted
The most selfish generation in American history We have no choice but to break the back of the AARP lobby to ensure prosperity for ourselves and our children
“I’m old. I’ve paid my home off,” said Ray Warner, a 72-year-old Akron resident. “Why would I pay property tax?” Across the country, homeowners are asking the same question and revolting against property taxes at a scale not seen in a half century. politico.com/news/magazine/2…
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Cryptalist retweeted
🚨Has the “Bankpocalypse” begun? America’s biggest bank stocks are taking a beating, with reported declines from their highs ranging from 11% to 25%. • JPMorgan: -11% • Bank of America: -19% • Citigroup: -15% • Wells Fargo: -18.5% • Goldman Sachs: -24% • Morgan Stanley: -19% • U.S. Bancorp: -15% • Capital One: -25% • PNC Financial: -16% • BNY Mellon: -14% The KBW Nasdaq Bank Index, tracking 24 U.S. banking stocks, was recently reported down roughly 14% from its August peak, firmly in CORRECTION territory. Goldman Sachs and Capital One’s reported declines exceed the 20% bear-market threshold. Banks weakening while the broader market remains near highs deserves attention.
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Demographer Neil Howe @HoweGeneration warns that if history is any guide, the Fourth Turning suggests we should prepare for: 1) a financial crash 2) political collapse 3) conflict among the great powers And he offers a plan how to do this WATCH: youtu.be/-PaZOR-at0o
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Cryptalist retweeted
China will be making a LOT of RAM in 2028
A financial column published in South Korea now warns of memory oversupply in 2029, after new capacity comes online. They argue Korea has only 2-3 years to develop new growth industries before the cycle potentially reverses. $DRAM $MU $SKHY $EWY
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Cryptalist retweeted
Imagine buying a Lennar home for $500,000 in 2023 with 3.5% down. You put up $17,500 and borrowed $482,500. Now Lennar is selling the same home for $375,000—with incentives. Your equity didn’t just vanish. You’re more than $100,000 underwater. You’re not a homeowner. You’re a hostage.
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Cryptalist retweeted
Thank you @POTUS, @SecScottBessent, and @USComptroller for your work to end unlawful debanking practices and protect Americans' financial freedom. No longer will Americans be punished for embracing financial innovation or denied access to the system for exercising their right to choose how they manage their money.
Under the leadership of @POTUS and @SecScottBessent, @USComptroller Jonathan V. Gould is ending the weaponization of finance. Read about the OCC’s supervisory review of debanking activities in its nine largest national banks and its efforts to guarantee fair banking for all Americans. occ.gov/FairBanking
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Cryptalist retweeted
2/ With 8M+ funded accounts, and $1T+ in value moved, XRPL is moving digital assets at scale. Privy enables developers to integrate XRPL wallets into their apps, combining programmable transactions with seamless onboarding + user ownership. Read more: privy.io/blog/building-payme…
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Cryptalist retweeted
1/ We're partnering with @Ripple to bring Privy wallets to the XRP Ledger (XRPL). This makes it easier for developers to build stablecoin payments, fintech applications, and agentic commerce on XRPL.
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American teacher breaks down into tears because teaching American elementary school students has become so hard 🚨 She says she only has 1 student out of 34 kids who passed She says it’s gotten so bad, “I literally put the word on the board. I write it on the board and I say copy it, and they're copying it wrong — it's almost scary because you're like, dude — then you start questioning yourself. You're like, is it me? Like, what? — I'm exhausted” “I’m exhausted — like, there's some days that I like doing it, but man, to do that every single day it's exhausting — Breaks my heart” She extremely frustrated because she knows by the way the students are performing that their parents are not doing what they are supposed to be doing with their kids It comes down to the parents. Our education system and parents are failing our kids. I remember going to school and everyone had to behave, everyone had to learn and do the work to pass, you weren’t even given an option We have gotten too soft and there needs to be punishments and accountability again
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This may be the first publicly reported case of a Ledger Stax being tampered with in a similar way, also purchased from an official Ledger-authorized reseller in Malaysia. The detailed on-chain tracing is complete, and the video explaining the case is being edited. It’s daylight now. I’m getting some sleep. 有可能是首例被曝出 同样被篡改的Ledger Stax ,同样来自马来西亚ledger官方授权经销商,详细的链上追踪完成 影片讲解正在剪辑中 天亮了 我睡下先
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🚨LEDGER SPY IMPLANT FOUND IN EUROPE TOO! @0xJohannes_ says a Ledger he bought in store from an official European reseller had extra cables inside. A clean device does not. He says it looks like an older version of the spy implant. @MagicalTux said the antenna is labeled as a Eurasian version, so more could be out there. Reports now include Asia, South America, and Europe. Always buy from the maker.
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Cryptalist retweeted
NEW: Citrini laid out 'The Investable RWA Stack' which answers the, "How do you express the tokenization supercycle thesis in markets today? question. Trillions are coming.
[ ZOOMER ] CITRINI RESEARCH PUBLISHES ARTICLE ON INTERSECTION BETWEEN AGENTIC AI AND CRYPTO, ALONGSIDE THEIR INVESTMENT BASKET: BLOG
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Cryptalist retweeted
BREAKING: 47% of voters ages 18 to 29 have a negative view of capitalism, per NBC
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Cryptalist retweeted
JUST IN: Nearly 20% of US families are behind on loan payments, the highest since 2010, per Federal Reserve data
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