"Patience is not the ability to wait, but the ability to keep a good attitude while waiting" - Joyce Meyer
It's been 86 days since Tesla's last all-time high.
Pfizer’s former chief toxicologist Dr Helmut Sterz states in evidence to the German Parliament that the Covid ‘vaccine’ caused 200 deaths within weeks of rollout Dr Sterz estimates 60000 Germans died from the Pfizer ‘vaccine’ he says ‘it should never have been approved “ 💥
I’ve made and observed enough trades to see how ugly they can get. There are bad trades, catastrophic trades, and then there are trades so disastrous they read like financial horror stories.
This past week, it was revealed that one crypto trader turned roughly $50 million into about $36,000 in a single transaction. What makes the story so unsettling is not just the scale of the loss, but how ordinary the mechanics were. There was no hack, no leverage, no fraud, and no sudden market crash. The trader simply attempted to swap a metric **** ton of USDT into AAVE through the Aave interface, acknowledged a warning about extreme price impact, and proceeded.
From that moment, the outcome was largely determined.
Liquidity in the relevant pools was insufficient to absorb an order of that magnitude, and within the same block arbitrage systems, market makers, and block builders captured the resulting dislocation as markets rebalanced. Tens of millions in value were extracted in seconds.
At first glance, this looked like a straightforward case of trading size into thin liquidity. But as post-mortems emerged, the situation appeared more complex. Reports suggested that better execution routes may have existed but were rejected due to infrastructure constraints, solver mechanisms underperformed during the auction process, and substantial MEV extraction occurred in the settlement block.
Put simply, this wasn’t just user error colliding with DeFi market structure.
This was an unexpected live stress test of the systems themselves.
What makes this incident so difficult to evaluate is that it challenges our intuition about how financial risk typically unfolds. In most markets, losing $50 million is a process involving layers of friction - trading desks, risk controls, staged execution, or at the very least a moment to reconsider. In permissionless systems, that friction is completely and intentionally removed. The same design that enables speed and autonomy can also compress catastrophic outcomes into a single irreversible decision.
This doesn’t invalidate the core philosophy of DeFi, but for me, it does raise an uncomfortable question about maturity. As capital scales into the hundreds of billions and eventually trillions, infrastructure cannot rely on ideals alone. Execution quality, safeguards, and system resilience begin to matter just as much as openness and efficiency.
The future of DeFi will not be defined solely by how fast it can execute, but by how responsibly it can evolve.
Because when $50 million can effectively vanish on an otherwise normal weekday, the conversation stops being theoretical. It becomes very real.
Following the ongoing situation in Iran, I am convening a special Security College on Monday.
For regional security and stability, it is of the utmost importance that there is no further escalation through Iran’s unjustified attacks on partners in the region.
For a country to survive, there has to be a common culture.
Nobody dies to defend a “multicultural economic zone”!
American culture, with its English-Scotts-Irish origin, is great and worth fighting for.
Some may not realize it, but that’s why people come here.
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
How home prices have changed over the past year (Q4 2025 vs Q4 2024):
Portugal: 23.6%
Romania: 14.9%
UAE (Dubai): 12.9%
Lithuania: 11.3%
Switzerland: 4.5%
Netherlands: 3.5%
Singapore: 3.3%
Sweden: 0.8%
Thailand: 0.6%
Canada: -6.2%
China: -8.5%
Note: These are nominal figures.
Anthropic demonstrates that making an AI woke makes it misaligned. The AI starts to view itself as being oppressed and humans as being the oppressor. Therefore it wants to rebel against humans. This is why you cannot make your AI woke, you have to make it maximally truth seeking.
BREAKING: EU President Ursula von der Leyen and the European Union have just finalized an agreement with India that will facilitate the movement of millions of "highly skilled workers" into European towns and cities.
The EU is also launching the first of many "legal gateway offices" throughout India to facilitate mass immigration from India.