gareth

swe → backend & blockchain development. top 20 geoguessr nerd. prev @stripe, @metamask, @vercel.

[Valuetainment @valuetainment]

NEW: Meta employees consumed 73.7 trillion AI tokens in a single month. Which costs roughly $221 million a month and around $2.65 billion a year.

[Watcher.Guru @WatcherGuru]

BREAKING: Robinhood launches L2 blockchain "Robinhood Chain."

[The Kobeissi Letter @KobeissiLetter]

We are seeing historic growth in tokenized stock trading volumes:

Across all chains, monthly tokenized stock trading volume hit a record $5.3 billion last month, up 44% MoM.

On Solana, total transfer volume of tokenized stocks is now officially above $10 billion for the first time in history.

Over the last month alone, tokenized equity volumes have surged +180% on Solana, driven primarily by growing demand for tokenized RWA products which can be traded 24/7.

On Jupiter, the most popular venue for trading these assets, 33% of tokenized asset traders are now trading over the weekend.

Tokenization has created 24/7 markets.

[daniel_t @daniel_tian1]

We're launching the world's 1st iMessage App API for agents.

your agents can now send Apps inside iMessage - an Uber Eats menu, a mini game, or any agentic UI. no other app, no website.

welcome to the iMessage Era

try it now: https://t.co/L3dyGHDMu5

[gareth @gareth]

lesson here

[ᴛʀᴀᴄᴇʀ @DeFiTracer]

🚨 BREAKING:

FORMER FTX CEO SAM BANKMAN-FRIED IS ONE OF THE BEST INVESTORS IN HISTORY

HE INVESTED IN:

CURSOR: $200K → $3B
ANTHROPIC: $500M → $75B
ROBINHOOD: $648M → $5B
GENESIS DIGITAL: ~$1.15B → $3B
SPACEX: ~$100M → $10B

IF FTX HADN'T GONE BANKRUPT, HE WOULD BE WORTH OVER $114 BILLION NOW

HE COULD HAVE BECOME A TOP-20 RICHEST PERSON...

[gareth @gareth]

im starting to wish i had that company stock as compensation

$SPCX

[The Kobeissi Letter @KobeissiLetter]

BREAKING: SpaceX, $SPCX, is now worth $2.5 trillion and the 6th largest public company in the world.

SpaceX is now just 5% away from surpassing Amazon as the 5th largest public company in the world.

[gareth @gareth]

THE NEW YORK KNICKS EVERYBODY

[Morning Brew ☕️ @MorningBrew]

The week ahead:

Monday:
• Knicks-Spurs Game 3

Tuesday:
• Golden Knights-Hurricanes Game 4

Wednesday:
• CPI report
• Oracle earnings
• Knicks-Spurs Game 4

Thursday:
• World Cup begins
• PPI report
• Adobe earnings
• Golden Knights-Hurricanes Game 5

Friday:
• SpaceX IPO expected
• "Disclosure Day" hits theaters

Saturday:
• Knicks-Spurs Game 5 (if necessary)

Sunday:
• Golden Knights-Hurricanes Game 6 (if necessary)

[gareth @gareth]

rolling debt forever only works if markets keep rolling with you.

music stops playing soon...

[The Kobeissi Letter @KobeissiLetter]

The US government is becoming increasingly dependent on private investors to finance its growing debt burden:

Privately held US Treasury debt maturing within 1 year is up to a record $8.3 trillion.

This figure has DOUBLED over the last 5 years, reflecting the government's growing reliance on short-term financing from private investors.

As more debt shifts into Treasury bills, a larger amount must be refinanced every year, leaving borrowing costs increasingly sensitive to interest rates and investor demand.

At the same time, foreign central banks are reducing their share of Treasury holdings, making private investors absorb a larger portion of new issuances.

As a result, the Treasury market is becoming increasingly dependent on investor demand and liquidity conditions rather than the stable long-term buyers that have traditionally anchored it.

With US public debt at an all-time high, even modest disruptions in funding markets could have an outsized impact on borrowing costs.

Treasury refinancing risks are intensifying.

[gareth @gareth]

new york, we are so back

[Brew Markets @brewmarkets]

Fun fact: Google owns 7% of SpaceX and 14% of Anthropic.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Anthropic raises $65 billion in their latest funding round, valuing the company at $965 billion.

[gareth @gareth]

donald trump

[The Kobeissi Letter @KobeissiLetter]

US inflation is red hot.

1. CPI Inflation: 3.8%, highest since May 2023
2. PCE Inflation: 3.8%, highest since May 2023
3. PPI Inflation: 6.0%, highest since March 2023
4. Services Inflation: 3.4%, highest since Sept 2025
5. Shelter Inflation: 3.3%, highest since Sept 2025
6. Energy Inflation: 17.9%, highest since Sept 2022
7. Gasoline Inflation: 28.4%, highest since June 2022

Inflation is reaccelerating across nearly every major category of the US economy.

Are you positioned accordingly?

[gareth @gareth]

secured a ticket at MSG for the finals.

LETS GO KNICKS.

[gareth @gareth]

you should check out that jeff bezos interview if you haven't seen it yet

its insightful and packed with good stuff

[Naval @naval]

The latest IQ test involves data centers and water.

[Polymarket @Polymarket]

JUST IN: Anthropic will pay SpaceX $1,250,000,000.00 per month for compute through May 2029.

[gareth @gareth]

if your flying often and your friends / family are involved, try @Flighty

[gareth @gareth]

@veggie_eric this was written by ai

[gareth @gareth]

@namanambavi pictures came out amazing