Saylor posted the tracker. 843,738 BTC. 110 purchase events. $75,701 average cost. $62.24 billion in bitcoin on one balance sheet.

Apollo's chief economist says there is zero evidence of AI-related job losses. The ADP weekly employment data shows the exact opposite: hiring is accelerating. Firms are adding AI implementation roles, data center buildouts are driving demand for energy and semiconductors, and May payrolls could come in well above the 95,000 consensus. Jevons paradox in real time. Cheaper technology isn't replacing workers. It's creating more demand and more jobs. The same pattern as every major technological shift before it. AI was supposed to destroy employment. Instead it's stoking both hiring and inflation.

Bill Gurley on Anthropic: "I would encourage people to read as much as they can about Anthropic. I don't think they think they're writing software. I think they're midwifing a deity." Jason Calacanis: "They believe they're so powerful that they can create God."

"I can confidently say this is the worst sentiment I've seen since the summer of 2015." "There's a lot of apathy, a lot of complacency, a lot of anger. Historically, when that is the case, it's a great time to buy Bitcoin."

Tony Robbins: “The food pyramid was changed, not just to focus on protein, which we desperately need, but also so we don't eat those processed foods that are killing us.”

"Data centers are using too much water." Meanwhile Jensen:

The AI bubble is going to pop any day now. The AI bubble:

"The biggest cuck mentality is 'oh, if Saylor didn't exist, we'd be at $40,000.' I don't think that's necessarily true." "How many people invested in something like MSTR that would have bought Bitcoin otherwise? Saylor holds the Bitcoin, and they hold the stock that's down 80%. I think that number is probably 600,000 of the 800,000 Bitcoin."

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"Food stamps are not asset tested. If you quit your job at Google and start at Facebook in 6 months, you're technically eligible during the gap." (dcposch) walks through the loophole.

"You have this whole NGO complex of pretty well-paid people who are do-gooder presenting but are actively enabling these guys' addictions." (dcposch) on what he found investigating San Francisco's streets.

A provision buried in the House's draft 2027 NDAA would significantly expand US-Israeli military integration. Section 224 calls for bilateral R&D, co-production, joint ventures, and "data fusion" across AI, autonomous systems, cyber, quantum, and biotech. The shift moves the relationship from visible annual aid votes into defense acquisition channels with less public oversight. It would also expand Israeli defense co-production facilities on US soil, tying Congressional districts to Israeli defense contracts. Only 16% of Americans support supplying Israel with weapons without new restrictions. 38% want to stop entirely. The provision was introduced with no public debate. The bill is not yet law.

TFTC 751 w/ (PabloAntonio) & (dcposch): "What they're receiving from the NGOs is not help. It's being enabled to do more drugs." We discuss: ⚡ Fentanyl-for-food-stamps fraud ⚡ The NGO complex ⚡ Building a beautiful future

By 2031, mandatory spending alone will exceed all federal tax revenue. Every dollar of discretionary spending, defense, infrastructure, everything else, will be funded entirely by debt. Net interest is projected to hit 5% of GDP. An all-time high. The government will spend more servicing its debt than it spends on defense. In 2000, tax revenues exceeded mandatory spending by 8 percentage points. That gap has completely inverted. There is no long-term plan. There is no path where this gets fixed by growth or spending cuts alone. The math only works if they inflate the debt away. That's not a conspiracy theory. It's the CBO's own projections. This is why bitcoin exists.

The Custodia Bank case against the Federal Reserve may be heading to the highest court in the country. Justice Neil Gorsuch has granted additional time for Custodia to file a certiorari petition, due July 11. The core question: does the Fed have unlimited discretion to deny a state-chartered bank a master account? Custodia, a Wyoming-chartered bank focused on digital assets, applied in 2020. The Fed denied it. A divided 10th Circuit ruled in the Fed's favor. Custodia is now asking the Supreme Court to weigh in. If the Court takes the case, it could set precedent on whether the Federal Reserve can effectively veto which banks are allowed to participate in the US financial system. h/t Eleanor Terrett

UFC Freedom 250 undercard just leaked.

Adam Back: "Apparently BIP-110 will self-fork off around August 7th, or fail to activate."

Treasury Secretary Scott Bessent says the government has seized about $1 billion in Iranian cryptocurrency. "Just outright grabbed the wallets. Some of them may be typing in right now and might not realize their wallet had been grabbed."

Scott Bessent: "I saw over the past couple weeks, 'What a terrible time to start up as Fed chair.' No, it's a great time. Interest rates have spiked, inflation has spiked."

"The consensus before the ETFs launched was that ETF holders would be weak hands. Bitcoin fell 50%. ETF holders barely sold." - Vijay Boyapati