草民

Just being Exist

[Aaron Teng 安伦 🐧 @AaronTeng]

🇲🇾 I'm Malaysian, so watching @balajis's Network School (@ns) get its license pulled in Johor isn't abstract for me

The concept was good. It brought real energy into a near-empty city. It still got shut down. If you're a Western founder looking at Asia, don't read the headline. Read why:

1. You're a guest here. Not a disruptor

The whole network-state pitch runs on "permissionless," but Asia runs on permission, and permission is earned. Local law and sovereignty aren't friction to engineer around. The moment your project looks like it thinks it sits above them, it's already over. You just find out later

2. Trust comes first, not after you scale

The Western instinct is raise, grow fast, apologize later. It doesn't translate here. You build the relationship, you earn face, you move quietly, and then you're allowed to grow. Walking in pitching fast-track visas and an RM500m expansion before anyone trusts you is the whole thing backwards

3. How you handle friction matters more than being right

Going public, openly asking the PM for a "deal," hinting you'll take your community elsewhere if you're not wanted, that's all perhaps normal in western culture. Here it's the move that ends you. Threatening to leave isn't leverage. It's an insult. Things get sorted quietly, over relationships, not on your timeline

4. And respect the local lines. All of them

Every country has things that aren't up for a founder's debate. You don't have to agree. You do have to remember you're in someone else's house, on their soil, under their rules

Here's the part that stings

You can vibe-code a product, arbitrage cheap tokens, and move a whole community overnight. You cannot arbitrage trust. It's slow, it's earned in person, and it's the one thing the move-fast playbook has no shortcut for

The West optimizes for permissionless
We run on permission

Learn that before you land
Not after they shut you down

[NO CONTEXT HUMANS @HumansNoContext]

It’s time to remember this 😂

[House Republicans @HouseGOP]

Your tax dollars should serve YOU.

Not criminals, not fraudsters, not foreign nationals.

[unusual_whales @unusual_whales]

Netanyahu informed Trump that Israel is not bound by the Lebanon clause in the agreement, per Israel media

[Mo Khan @mokhanhim]

No Goy should ever do business with this vicious Zionist jew that doxxed Austin Franco

His name is Gabe Einhorn and he runs VryfID

It’s time we started cancelling jews for supporting Israel and threatening Goy lives.

[ClaudeDevs @ClaudeDevs]

As a result of a US government directive, we are suspending access to Claude Fable 5 for all users. You can continue to use all other Claude models.

Here’s what this means for you:

Across Claude products, new sessions will run on your selected default model or Opus 4.8, and existing Fable 5 sessions will end with an error.

On the Claude Platform, requests to Fable 5 will also return an error. Please update your integrations to other Claude models.

We know this is a disruption to your workflows; we appreciate your patience and support.

[0xNobler @CryptoNobler]

🚨 BREAKING: ABSOLUTE BLOODBATH!!

OVER ₩400,000,000,000,000 HAS BEEN WIPED OUT FROM THE KOREAN STOCK MARKET IN JUST 30 MINUTES!

SOUTH KOREA HAS HALTED TRADING IN A DESPERATE ATTEMPT TO STOP THE COLLAPSE.

THIS IS NOT LOOKING GOOD FOR THE MARKETS...

[Fi @fiihazmii]

real

[NoLimit @NoLimitGains]

The energy sector is about to enter the most aggressive expansion cycle of this generation.

Here are 5 stocks that could explode:

[Bull Theory @BullTheoryio]

🚨Michael Burry just said Elon Musk and Nvidia's deal is built on fake numbers.

Burry published a detailed breakdown calling the entire structure "Fugazi", his word for fake.

He is alleging that billions of dollars in Nvidia chips are being hidden off balance sheets, and that American retirees are unknowingly funding the whole thing.

Nvidia, the world's largest AI chip company sold $5.4 billion worth of its most advanced GPUs, the GB200, to a company called Valor.

Valor is not a real operating business. It is a special purpose vehicle, a shell company created specifically to hold these chips and nothing else. Nvidia also invested $1.9 billion of its own money directly into Valor on top of the sale.

Those 100,000+ chips are now physically inside xAI's data center. xAI is Elon Musk's artificial intelligence company, the one that builds Grok. xAI is using every single one of those chips right now to run its AI models.

But here is what Burry is flagging.

Neither Nvidia nor xAI owns those chips on paper. Valor, the shell company holds legal title. That means $5.4 billion in GPU assets do not show up on Nvidia's balance sheet as inventory.

They do not show up on xAI's balance sheet as assets. They are legally invisible to both companies.

Nvidia gets to book the $5.4 billion as a completed sale and record it as revenue. xAI gets full use of the chips without owning them. And the risk disappears into a shell company in the middle.

Now here is where American retirees enter the picture.

Valor needed $3.5 billion in debt to fund this structure. Apollo provided it. Apollo is one of the largest asset managers on earth with $1.03 trillion under management and $834 billion specifically in private credit.

Apollo raised the $3.5 billion, packaged it into debt securities, and sold those securities to Athene.

Athene is Apollo's own insurance company. It sells fixed and indexed annuities, retirement savings products, to ordinary Americans.

When a retiree buys an Athene annuity, they believe their money is sitting in safe, stable investments. That money is now inside a structure funding Elon Musk's AI data center.

The numbers inside Athene are most alarming.

Athene holds $74.2 billion in reserves. It has moved $217 billion in assets into a captive insurer based in Bermuda, meaning those assets sit outside normal US insurance regulation and oversight.

Of the entire portfolio, 34.7%, equal to $103 billion, is classified as Level 3 assets.

Level 3 is an accounting classification that means there is no observable market price for these assets. No outside party can independently verify what they are actually worth.

The leverage sitting on top of those unpriced assets is 16 times.

Burry's says:
Every step of this structure is technically legal and publicly disclosed. But the entire thing was deliberately engineered across 8 to 12 steps to move credit risk off balance sheets and away from any market pricing.

- Nvidia books the revenue.
- Apollo collects the fees.
- xAI gets the computing power.
- And retirees sitting at the bottom of a 16x leveraged Bermuda insurance structure, holding $103 billion in assets with no market price carry the risk without knowing it exists.

[End Wokeness @EndWokeness]

𝗭𝗲𝗿𝗼 stories by AP on Henry Nowak
𝗭𝗲𝗿𝗼 stories by PBS on Henry Nowak
𝗭𝗲𝗿𝗼 stories by NYT on Henry Nowak
𝗭𝗲𝗿𝗼 stories by NPR on Henry Nowak
𝗭𝗲𝗿𝗼 stories by WSJ on Henry Nowak
𝗭𝗲𝗿𝗼 stories by CNN on Henry Nowak
𝗭𝗲𝗿𝗼 stories by WaPo on Henry Nowak
𝗭𝗲𝗿𝗼 stories by Reuters on Henry Nowak
𝗭𝗲𝗿𝗼 stories by MSNBC on Henry Nowak

[spidey @lochan_twt]

how life feels without chatgpt, claude, cursor

[ClaudeDevs @ClaudeDevs]

Welcome to the team, Andrej!

[ClaudeDevs @ClaudeDevs]

Fast mode now defaults to Opus 4.7 in Claude Code.

Try it out today with /fast

[草民 @Grassnetizen]

@unusual_whales Chinese here. And you are damn wrong

[Polymarket @Polymarket]

NEW: Anthropic launches "Claude for Small Business"

[草民 @Grassnetizen]

@stablecointern @JupSpend @binance I thought Malaysia banned Binance?

[RGW ⌐◨-◨ @RGWorldz]

I just made a Duitnow QR code payment in a local retail shop and it works!
Thank you @JupSpend @JupiterExchange

Try it for yourself:
https://t.co/VprijiBXTA