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I’ve been noticing how the flow between tools starts feeling smoother when each one handles a different gap in your day. Spending feels natural on @useTria, research threads stay alive inside @TheARCTERMINAL, and liquidity on @RiverdotInc keeps moving instead of sitting still. What stands out is how none of it feels forced. Just quiet pieces that fit together: easy payments persistent context assets that stay productive Feels like the first time these systems are starting to match how we already live online. The shift usually starts subtle, then becomes normal before anyone notices @wallchain

#STEPN# & #STEPNGO# May Townhall Recap 📝 🔹 Last two months retrospective 🔹 Challenge Capsules 🔹 STEPNathon 2 Missed it? We got you covered 👇 🔄 Last two months retrospective The Townhall opened with a look back at some of the main updates from the last two months: 🔸 Rabbids 🔸 Marathon Season 2 🔸 LSD for Legendary holders 🔸 Android Marketplace removal On the Android side, the team acknowledged that the Marketplace had to be removed due to Google Play restrictions. 🐰 Rabbids The Rabbids event leaned fully into community participation, with users posting April Fools content, memes, fake breaking news, and all kinds of chaotic entries to earn Rabbids GGBoxes. Those GGBoxes included chances to win 100 Rabbids co-branded Solana Genesis Sneakers, along with rewards like 100k GMT, 1k USDT, and $50 worth of XAUT. And importantly, there are still some Rabbids Genesis Sneakers left to be found in GGBoxes. 🏁 Marathon Season 2 The Townhall also looked back at Marathon Season 2, with a strong focus on how Teams have changed the tone of the challenge. A few highlights: 🔹 Players are not only competing for themselves, but also for their team 🔹 Teams have made the Marathon more collaborative, more competitive, and more social 🔹 Team Takeover was introduced during Round 4 🔹 The top 3 teams and 4 random active teams could earn additional rewards The team also confirmed that work on Season 3 is already in progress, and community feedback is welcome through Discord and the ambassador team. 🐈‍⬛ LSD Legendary Schadenfreude Day was another highlight of the last two months. The event gave Legendary holders with unlucky or disappointing stats a chance to share why their Sneakers deserved better. Selected entries had a chance to receive improved stats, although usually with a trade-off involved. The result was a playful event with a strong identity, while also creating a fun way to engage directly with Legendary holders. 🎟️ Challenge Capsules Challenge Capsules were the main product topic of this Townhall. The team clarified that while some users expected Charm in STEPN GO to eventually connect to avatar pieces or characters, that direction is no longer being pursued, even if that expectation came from how Charm was described in the STEPN GO whitepaper. The reason is simple: 🔸 It was not fun enough 🔸 It was also technically difficult to deliver at the level the team wanted So instead, Charm is being redirected into a new feature that adds more gamification to both apps. Challenge Capsule is a game mode built around movement, task completion, reward opportunities, and discovery. The core loop is simple: 🔹 Open a Capsule 🔹 Reveal the challenge 🔹 Complete it 🔹 Earn a Ticket 🔹 Join the draw for a prize A few key points: 🔸 Challenge Capsules will work with both STEPN and STEPN GO through FSL ID 🔸 Users enter a Capsule by paying an entry fee 🔸 Each Capsule has its own challenge, conditions, and reward pool 🔸 Users need to complete the required challenge within the given time limit 🔸 Completing the challenge successfully gives the user a Ticket for the reward draw And importantly, this is not passive participation. Users need to move, complete the challenge, and earn their chance. For STEPN GO: 🔹 Charm will now have a clearer role in the system 🔹 Charm runs can help users earn more Tickets and improve their chances at winning the Capsule’s draw For STEPN: 🔹 Resilience becomes the key attribute in the system 🔹 Resilience now gets more utility through Challenge Capsules 🔹 STEPN players will also have a chance to obtain a new type of Mystery Box containing Challenge Capsule Tickets 🔹 Those Tickets give users more chances to win the Capsule reward The feature will go live in limited access beta within the upcoming weeks, with more details to be shared soon. 🏃 STEPNathon 2 The Townhall also included an exclusive first announcement for STEPNathon 2. From June 22 to June 29, players will be able to take on the challenge by completing either 21 km or 42 km in a single session using STEPN and or STEPN GO. To participate: 🔹 A Season Pass is required 🔹 Every finisher automatically enters a Genesis Sneaker raffle 🔹 There will be one raffle for STEPN and one for STEPN GO Event rewards will depend on both the app and the distance completed. In STEPN: 🔸 Players can earn exclusive badges, backgrounds, and GGBoxes In STEPN GO: 🔸 Players can unlock exclusive backgrounds and GGBoxes A few more infos: 🔹 Completing 42 km also unlocks the 21 km reward tier 🔹 Each badge and background is unique to the app and to the distance 🔹 Teams also matter this time The Marathon team with the highest total Energy spent during the event week will receive additional exclusive rewards: 🔸 A unique badge 🔸 A special background 🔸 5 GGBoxes plus 1 Key for each member So STEPNathon 2 keeps the spirit of the original challenge, while connecting more directly to the team dynamics introduced in Marathon Season 2. That’s the May Townhall recap. Challenge Capsules are introducing a new gamified movement layer across STEPN and STEPN GO, STEPNathon 2 is coming back, and the last two months have continued to push both products toward a more social and more interactive direction.

The world of The Walking Dead changed television forever. Now fans can own authentic screen-used elements from the series through an official collection of collector cards, display pieces, and wearable relics. 11 Seasons. One Collection.

Elon Musk just measured your existence by how many times your atoms have been inside a dying star. Musk: “How many times have your atoms been at the center of a star? I think it’s like on average three or four times.” Every atom in your body has already survived the core of a star. Multiple times. Crushed under pressures that would flatten planets. Superheated to millions of degrees. Blown apart in explosions so violent they forged new elements. Then gravity pulled those scattered pieces back together. New stars formed. And the cycle repeated. For 13.8 billion years, your atoms have been fuel for the most violent process in the universe. And they are not done. Musk: “In terms of existence as measured by the number of times your atoms will be at the center of a star, we seem to be roughly halfway.” Halfway. Your atoms have been through the furnace three or four times. They will go through three or four more. But right now, in this impossibly thin sliver between cycles, those atoms are doing something they have never done before. They are conscious. For billions of years before you, they burned through stellar cores with no awareness. No memory. No sense of what they were or where they had been. After you, they will return to that state. Unconscious matter drifting through space until the next star claims them. This is the only moment in their entire journey where they can look back at the stars that made them and understand. Musk: “If you want to look at the big picture… that’s the really big picture.” The big picture is not that we are small. Everyone already knows that. The big picture is that we are temporary witnesses to a process that does not need witnesses. Stars do not need observers to burn. Atoms do not need anyone to understand where they have been. The universe ran for billions of years with no one in it. It will run for billions more after the last conscious thing disappears. But right now, matter is examining itself. That has never happened before in 13.8 billion years. You are not a person who happens to contain ancient atoms. You are ancient atoms that briefly figured out how to think. The universe did not design consciousness. It designed stars. Consciousness was the accident. And the accident is half over.

Pitchfork rates Drake’s “MAID OF HONOUR” an 8.0 “What I didn't expect was MAID OF HONOUR, Drake's fuck-it club-rap record, an album that shows he's desperate to pick up the pieces and reclaim his title as hip-hop's ultimate hitmaker.”

Trying to improve my X feed and learn from folks on the frontier + make it higher signal to noise. any recs? a few i've liked: AI gtm — @Carles_Reina, @Chris_Orlob, @austinh___ AI infra — @akshat_b AI research - @karpathy, @AndrewYNg, @DrJimFan, @lilianweng AI coding — @bcherny, @ScottWu46, @ErikSchluntz, @_catwu AI legal — @scottastevenson, @WinstonWeinberg, @willchen500 AI cx — @mjwoo94 (biased) AI customer success — @marty_kausas AI pricing — @poyark AI branding/design — ? ... Storytelling - @lulumeservey AI biz/thought pieces - @sama, @DarioAmodei, @JayaGup10 who am I missing? side note - who are some fun accounts? @craigzLiszt is one

Berkshire Hathaway underperformed the S&P 500 by more than 30-percentage points over the last year! Berkshire's only annual performance that was worse was in 1999 -- during the Internet mania. Today, though, Berkshire owns Apple and Google, unlike in 1999 when it didn't own any tech stocks. So, what else could explain the company's declining performance? More than a decade ago, researchers at AQR ran a series of regression studies across 30 years of Berkshire's public stock investments to discover which factors drove Buffett's outstanding investment results. They discovered -- to no one's surprise -- that Buffett buys ultra-high quality, large-cap, low-volatility stocks that are extremely cheap. But that's not all they discovered. They also disaggregated Buffett’s portfolio into two distinct sleeves and then ran the same the regression studies on each separately. The public sleeve is the portfolio of publicly traded stocks held inside Berkshire’s insurance subsidiaries — disclosed quarterly in SEC Form 13F filings. This is what most financial press coverage focuses on. The Coca-Cola, the American Express, the Apple, the Bank of America. Over the full sample it averaged about 35% of Berkshire’s total capital. The private sleeve is the portfolio of wholly-owned operating businesses — See’s Candies, Nebraska Furniture Mart, GEICO after the 1995 full acquisition, BNSF after 2010, Berkshire Hathaway Energy, Dairy Queen, NetJets, Precision Castparts, the whole roster of consolidated subsidiaries. Over the full sample the private portion grew from under 20% of Berkshire to more than 78% today. Berkshire was once an insurance company with an equity portfolio. Today it’s an insurance company owned by a conglomerate. And here's why that matters. The public sleeve — the portfolio of stocks Buffett bought fractionally and held — earned an average excess return of 12.0% per year at 16.2% volatility. Sharpe ratio: 0.74. The private sleeve — the portfolio of whole companies Buffett bought outright — earned an average excess return of 9.3% per year at 20.6% volatility. Sharpe ratio: 0.45. The publicly traded pieces of companies Buffett owned delivered materially better returns, especially when compared against the risk taken. The private sleeve’s Sharpe ratio of 0.45 is, remarkably, lower (worse) than the broad market’s 0.49 over the same period. In other words, when Buffett bought pieces of great public companies, he outperformed. When Buffett bought whole private companies, he did not. The private sleeve’s drag on Berkshire’s overall performance is meaningful. That drag was smaller in the early years, when the private portfolio was only 20% of the business. As the private sleeve has grown to 78% of Berkshire’s capital, the drag has grown proportionally. The declining Sharpe ratio of Berkshire over time — which every long-term shareholder has felt, even if they could not name it — comes primarily from the growing share of capital trapped inside whole-company acquisitions that underperform the public-market alternatives Buffett could have bought instead. Learn more about Warren's Mistakes and how to learn these lessons to improve your own investing in my new book.

What are the missing pieces for FSD? I think there are two of them: 1) a nice interface for a human to tell the vehicle their preferences (e.g., preferred parking spot), and 2) a really smart brain (e.g., reading text on signs). Do we need spatial measurements from LiDAR? Nope, it is a solved problem, I’m sorry.

𝗗𝗼𝗻𝗮𝗹𝗱 𝗝. 𝗧𝗿𝘂𝗺𝗽 𝗧𝗿𝘂𝘁𝗵 𝗦𝗼𝗰𝗶𝗮𝗹 𝗣𝗼𝘀𝘁 𝗼𝗻 𝗜𝗻𝘁𝗲𝗹 𝗦𝘁𝗼𝗰𝗸 𝗕𝗲𝗹𝗼𝘄 - 𝟬𝟲:𝟮𝟬 𝗣𝗠 𝗘𝗦𝗧 𝟬𝟰.𝟮𝟵.𝟮𝟲 Intel Stock continues to rise. I’m very proud of that Company in that I am responsible for making the United States of America over 30 Billion Dollars in the last 90 days on that stock alone. There are others that, likewise, I have been very successful with by taking pieces of the Equity for support. Congratulations to Intel on doing such a great job and, more importantly, congratulations to the People of the United States for making such a good investment! President DONALD J. TRUMP