Elon Musk's DOGE helped end one of America’s most outdated government systems.
Deep inside a limestone mine in Pennsylvania, the U.S. government was still processing federal retirement paperwork by hand.
• Around 10,000 retirement applications were being manually processed every month.
• More than 400 million paper records were stored underground.
• Retirees often had to wait months because of this outdated paper-based system.
• Elon Musk publicly exposed how broken the process was.
Now OPM says it has reached the “Last Day of Paper,” with records being digitized and physical copies set to be shredded.
Elon Musk: “Now people can retire as soon as they want, instead of waiting 6 months for paper to be carried into a mine.”
This is exactly why DOGE was needed.
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NEW: President Trump pushed back after a reporter questioned the cost of the White House reflecting pool renovation, immediately turning the focus to the Obama-Biden administration's handling of the same project.
"Barack Hussein Obama spent two years and over $100 million when he tried to fix it. You know what happened to it? Never even opened."
"They were going to spend 3 to $400 million, you know, that. And it was going to take four years."
"I spent about 6, 7 weeks and I spent... probably $10 million."
"They were going to spend 400 million, I spent 10, they were going to spend four years. I spent two months, maybe less."
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The most important data point in AI just dropped and it changes the entire conversation about where we are in this cycle (Save this).
Jensen Huang took the stage at NVIDIA GTC Taipei 2026 and highlighted how GitHub commits, a universal measure of global software output, climbed from 300 million in 2023 to 400 million in 2024 and 500 million in 2025.
In the first few months of 2026 alone, that number has nearly tripled and Jensen's conclusion was that "Agentic AI has arrived, useful AI has arrived."
Then he did the math and the numbers are staggering.
30 to 40 million professional software developers represent approximately $3 trillion worth of GDP that is their combined annual salary, generating economic output across $100 trillion worth of global industry.
That same $3 trillion in developer salaries is now producing nearly three times as much output.
"It's effectively $9 trillion of productivity from $3 trillion of salaries. The difference is absolutely extraordinary. This is the potential. This is the promise of AI."
People talk about AI killing jobs but Jensen called it complete nonsense.
His logic is that if you can hire a software engineer and generate $9 trillion worth of productive work, why would you hire fewer engineers?
The answer is you hire more and the data confirms it, with a new developer joining GitHub every single second as of early 2026.
GitHub COO separately disclosed that 2026 commits are on pace for 13–14 billion, a 1,300% increase from 2025 with GitHub Actions compute minutes already at 2.1 billion per week, more than double the 2025 baseline.
But Jensen did not stop at the productivity argument.
He connected it directly to token economics, the investment thesis that matters most for everyone in this room.
"Tokens are now profitable units of revenue. Because it is now profitable, AI companies want to build more tokens, generate more tokens, build more AI factories which is the reason why compute demand here in Taiwan has skyrocketed."
Every agent, every automated code commit, every workflow that runs without a human prompt consumes tokens.
Taiwan's own government just upgraded its GDP growth forecast to 9.64% for 2026, a 16-year high driven entirely by AI infrastructure exports.
This is exactly why Milk Road has been so convicted on the AI infrastructure buildout because the productivity data is now arriving in real time at a scale that nobody modeled.
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Hyperliquid is being treated like the cleanest up only narrative in crypto and I want to add some nuance here. To be clear, this is not Luna. Luna was a closed loop algorithmic peg with no real revenue. Hyperliquid has real fees from real users, a genuinely best in class product, a dominant share of onchain perps volume, and a team that has shipped relentlessly. The bull case is real. I'm not dismissing it. I just don't think the risks are getting the airtime they deserve.
I called Luna a ponzi here in 2021 around $50 and got absolutely hammered on the tl for daring to suggest anything negative about it as it ran to $120 before it vaporized to $0 within days. Very similar to yesterday when I simply said HL does not have remarkable tokenomics and got piled on for it. Being early on structural risk often looks wrong for a long time. And Luna was not just a retail rug. It roped in 3AC, Galaxy, Delphi, Hashed. Sophisticated money held the bag right alongside everyone else.
Here is what I see with Hyperliquid. 97% of fees buy back HYPE. That sounds incredible, and in an active perps bull market it absolutely is. But fees come from perp volume, volume comes from people chasing the token, and the token is held up by buybacks funded by that same volume. Every leg moves together. It's a functional flywheel. And in the other direction every leg turns at once.
However, nobody can tell you how much of the volume is organic either. If buybacks pump the token and the chart pulls in size and size funds buybacks, you cannot cleanly separate real activity from reflexive activity onchain. It doesn't mean the volume is fake. It just means you cannot prove how much of it isn't.
Then the supply side. Only 25% circulates. Team and foundation together hold roughly 30% (23% team plus the foundation allocation which is essentially team with extra steps). Buybacks absorb about 90 million of unlocks a month. Actual pressure is closer to 400 million plus. Revenue keeps growing at a real clip, which is the whole bull case, but it has to roughly 4x just to keep price flat through vesting.
Then the part nobody wants to touch. 31 validators, foundation controls the supermajority of stake, closed source binary, an assistance fund holding billions that we are simply told has no private key, on a chain the team built and runs. A lot of the business is regulatory arbitrage. Offshore venue, no KYC, users that shouldn't be using it are all over it. The founder is in DC right now precisely because everyone knows this. SBF was in DC lobbying for the DCCPA right up until FTX collapsed. Do Kwon was meeting Korean regulators before Terra blew up. Doesn't mean Jeff is anything like them.
And to be clear, none of this means price stops going up. This is the part that matters for traders. Reflexive setups run for a long time, sometimes years. Luna ran from $5 to $120 while plenty of smart people screamed about the structure. HYPE can absolutely do the same. The flywheel is real while it's spinning, and standing in front of it is a great way to underperform.
Just know what you're actually holding. Trade the tape, respect the trend, but don't fall in love and confuse a beautiful reflexive setup with a riskless cash machine. We have seen structures like this before and it tends to end the same way for usually the same reasons.
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EXCLUSIVE: A multi-millionaire banker descended from royalty has been arrested by police hunting the 'Putney Pusher', the Daily Mail can exclusively reveal.
The suspect was detained today at his £1.4million home in west London.
A director at a private bank, he is a decorated former British Army officer who served in several major conflicts.
His arrest comes nearly ten years after a jogger shoved a female pedestrian into the path of a double-decker bus on Putney Bridge.
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