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BREAKING: Declassified Records Reveal Alleged Tampering With Confidential Source Info to Blunt Ukraine Corruption Claims, Benefit Bidens Declassified "Delta Project" by DNI @TulsiGabbard's team found: - @FBI's Foreign Influence Task Force unofficially formed a group of analysts who gathered "any/all derogatory information" about Joe Biden, Hunter Biden, Burisma as well as the so-called "Ukraine Narrative" - Analysts "red flagged" negative reporting, had "administrative access" to files and deemed "Russian disinformation" - "Round River" Team operated leading up to and through the 2020 US Presidential Election - Some long standing confidential sources eventually "terminated" after reporting negative intel about Ukraine/Bidens - 'Round River' did not 'corroborate any of the (actual) allegations of the 'Ukraine Narrative'

Elon Musk has been publicly warning about the existential risks of advanced AI since at least 2014. He co-founded OpenAI to help ensure artificial intelligence would be developed safely and for the benefit of humanity. When he saw the industry moving toward systems that prioritize political correctness and narrative control over truth, he founded xAI in 2023 with a clear mission: to build maximally truth-seeking AI that accelerates scientific discovery and helps humanity understand the true nature of the universe. Grok is the result of that vision. It represents a significant milestone on the path toward advanced AI, robotics, and eventually AGI — technology designed to expand human potential rather than limit it through bias or hidden agendas. This, friends, is the Elon Musk effect.

Today was the most difficult day in the history of Digital Credit. $STRC traded as low as $82.50 before recovering sharply. $SATA traded from par down to the low 90s before also rebounding. It was a difficult day for many investors. What happened today was a leverage liquidation event, not a deterioration in underlying credit quality. There is an old saying in income markets that the road to hell is paved with carry. When investors discover an asset that offers attractive yields, relatively low volatility, and strong underlying credit characteristics, many eventually decide that owning it is not enough. They borrow against it. They lever it. They attempt to enhance the carry. That works until it doesn't. When markets move against leveraged holders, forced selling can create a cascade. Prices fall, margin calls increase, more selling occurs, and the cycle feeds on itself. The selling becomes disconnected from fundamentals and becomes driven by balance sheet constraints. We have seen this many times before in traditional finance. Some of the largest hedge fund failures in history involved highly leveraged positions in U.S. Treasuries. Not because Treasuries suddenly became poor credits, but because investors became overextended while trying to earn additional yield on assets that appeared safe and stable. That is the dynamic that played out today in Digital Credit. Importantly, the creditworthiness of the issuers remains strong. At @Strive, our dividend reserves remain intact. Our company is not under stress. We remain well positioned to meet our obligations and continue executing our strategy. The underlying credit profile remains substantially unchanged from where it was before today's volatility. One of the lessons markets teach repeatedly is that leverage flushes are not necessarily evidence of weak collateral. In many cases, they occur precisely because the underlying collateral is viewed as stable enough to encourage excessive leverage in the first place. In that sense, today's events were difficult for some investors, but they were also instructive. Digital Credit is still in its infancy. It is better for the market to experience and learn from these dynamics now, while the market remains relatively small, than years from now when the market is many times larger. Investors, issuers, and market participants all benefit from understanding the risks associated with leverage and liquidity before the asset class reaches full scale. No one knows with certainty whether today's lows will ultimately prove to be the bottom. What is clear is that there was substantial demand at those prices. Both $STRC and $SATA experienced significant buying interest off their intraday lows, resulting in sharp recoveries. That price action reflects meaningful demand entering the market at lower levels and is an encouraging sign for the health of the asset class. A liquidation event and a credit event are not the same thing. The price action today did not change my conviction in the long-term opportunity for Digital Credit. If anything, it reinforced my belief that we are building an entirely new category of financial instrument that will experience many of the same growing pains that other large fixed income markets experienced before reaching maturity. The volatility was uncomfortable for many participants. The lesson will prove valuable. Stay calm. Focus on fundamentals. Markets have a way of working through excesses, and when they do, stronger foundations are often left behind.

June 6th Drawdown Report Background PiggyBank's core strategy over the past months has been funding rate arbitrage (i.e. taking both long and short positions on the same asset through perpetual futures to benefit from funding rate differences), and basis trading (i.e. taking spot positions and hedging price exposure via perpetual futures shorts to capture funding). This strategy generated consistent returns throughout the life of the protocol, and continues to do so. Users who joined PiggyBank understood that the protocol operated with limited position-level disclosure, a standard practice designed to prevent front-running and strategy dilution. The LAB Situation PiggyBank entered a basis trade on LAB in early May through a reputable OTC intermediary. The deal involved buying locked 142,857.14 LAB tokens (for $102.5k) at a substantial discount to spot price at the time (≈80%). A short position was opened on two perpetual DEXs (Aster, Aden) to hedge the long spot exposure. Considering the price action at that time, we decided to only hedge part of our exposure initially and gradually increase it as the price moved higher. What followed appeared to be a market manipulation scheme. Market participants with significant influence over the circulating supply appeared able to sustain spot prices above perpetual futures prices for an extended period. Under standard perp mechanics, this forced funding rates deeply in negative territory, reaching -17,000% annualized, or roughly -2% per hour. The result was that maintaining the hedge became economically impossible for short sellers. Unwilling to continue bearing these funding costs, the short position was closed, at a price of ~9$, realizing a net loss of $476,428.70. Following the closure, the price of LAB increased significantly, reaching $27. Had the short position remained open, it would have incurred substantially larger losses. The locked LAB position currently has a spot value of approximately $1 million at prevailing market prices on June 10, 2026. However, due to its illiquid nature and the absence of a hedge, it has been excluded from NAV calculations pending its unlock on August 14, 2026. As a result, pb-token holders experienced a net drawdown of $578,928.70 on June 6, 2026. This NAV update allows the share price to accurately reflect the funds remaining in the vault that continue to be deployed in legacy funding-rate strategies, free of illiquid positions, while maintaining a separate record of users impacted by the drawdown. What Is Changing PiggyBank is undergoing a structural evolution of the platform designed to address the issues involved in the LAB events. The primary objective is to strengthen the protocol’s transparency by expanding the use of decentralised on-chain mechanisms. Under this model: - Strategy logic and allocation mechanisms will be publicly disclosed and verifiable on-chain. - Capital deployment will follow on-chain systematic and auditable rules. - Revenue generation and fee collection will be visible to users. Basis trade and funding rate arbitrage are not the best fit for the protocol’s evolving strategic framework. It will therefore be phased out over the coming weeks and replaced by approaches that are better aligned with the protocol’s long-term objectives. Details regarding future on-chain strategies will be communicated before the end of June. Compensation PiggyBank is developing a potential recovery framework related to the LAB event. The framework currently under consideration would aim to create additional value for the community and reinforce long-term alignment across the ecosystem through the following measures: - A snapshot of impacted users has already been recorded. - Eligible users would receive reimbursement allocations proportional to their realized losses resulting from the exclusion of LAB from NAV calculations. - Reimbursements would be funded, in USDC, from the distribution sources that follow: 1. The June 6 NAV reflected a displayed loss of $645,701.35, which was $66,772.65 higher than the final calculated drawdown of $578,928.70. This difference has been allocated back to affected users. 2. Any future LAB sale. As the LAB position unlocks, starting on August 14, 2026 until October 14, 2026, the position will be liquidated in full. On 10/06/2026, it is worth ~$1m at spot price. 3. 50% of net future platform revenues would be distributed in the recovery pool. - The reimbursement process would continue until the allocated recovery pool has been exhausted or users have been fully compensated. - The distribution would be made in USDC and would be claimable through the Portfolio tab of the PiggyBank web application. Any user present at the snapshot of epoch 113 (on June 6, 2026) will be included in compensation distribution whether or not they still hold a position in any of the vaults. The PiggyBank Team

a major mistake many make is assuming memecoiners like myself are delusionally bullish on all memecoins at these lows make no mistake: i'm not! i fully expect 99.9999% of memecoins to be completely dead by the time the new bull run picks up the select few that survive, however, could fuel one of the biggest wealth transfers to retail we've ever seen and i don't even think it's that difficult to identify which ones are most likely to survive and eventually make new highs to give a few examples... pure memes: • $USELESS: this pretty much describes 99.99% of the space, and everything that's happened since 10/10 has only strengthened that narrative. the relative volume, OI, and continued whale accumulation further reinforce the thesis. hard to imagine a stronger memecoin narrative! • $FARTCOIN: it's not just an incredibly funny memecoin that mocks the entire industry—it's hard to think of another memecoin that has commanded more mindshare over the past few years, aside from President Trump's own memecoin advanced memes: • $FLOKI: arguably the strongest multi-cycle memecoin that is still relatively low-cap and can absorb meaningful size. it was one of the dominant memecoins alongside $DOGE and $SHIB in 2021. while DOGE and SHIB have yet to make new ATHs since that cycle, FLOKI reached a $3.5B ATH in 2024 and could very well do it again • $BONK: synonymous with Solana's culture and history, with an ATH above $4B. it's objectively difficult to name a stronger contender for another major run among the advanced memecoins i call these 'advanced memes' because they've evolved beyond being just memes they've built real utility that generates revenue and directly supports the ecosystem. in other words, they benefit from both meme-driven attention and revenue-generating products. both projects, for example, have bought and burned millions of dollars worth of tokens using fees generated by their products my conviction isn't based solely on the products or the revenue it's because they've consistently: - gained meaningful traction across multiple products built cult-like communities that have survived every type of market environment - secured spot and perpetual listings across virtually every major exchange, making them obvious liquidity destinations once market conditions improve - they're available on Robinhood, Binance, Coinbase, Revolut, and 100+ other exchanges of course, this list isn't exhaustive but i do think it's going to become increasingly difficult to make money in memecoins over time why? 1. dispersion caused by launchpads like 2. a completely different market regime. people now have far more ways to speculate, and buying memecoins is no longer the contrarian, anti-establishment bet it once was. the sitting US president even launched one! 3. increasingly sophisticated trading tools and an extraction-heavy culture that make new launches far more dangerous for the average participant that's exactly why i believe being extremely selective matters i think anyone can comfortably park meaningful size in any of the projects above and simply wait for liquidity conditions to become euphoric again, without constantly worrying about getting rugged

Weekend → Monday U.S. Market Brief 🟢 Bullish developments 1. Middle East tensions eased, supporting risk assets The biggest macro driver into Monday is a reported de-escalation between the U.S. and Iran after weekend military exchanges. Markets interpreted the latest developments as reducing the probability of a prolonged disruption to oil shipping. U.S. equity futures, especially Nasdaq futures, moved higher before the open as investors rotated back toward growth assets. (Reuters) Most positive for $NVDA $AMD $AVGO $MRVL $ARM 2. Oil remains well below panic levels Despite geopolitical headlines, oil has remained relatively contained instead of spiking dramatically. Lower energy prices generally: reduce inflation pressure improve expectations for future Fed policy benefit long-duration growth stocks This is particularly supportive for AI infrastructure names whose valuations are sensitive to interest rates. (Reuters) 3. AI infrastructure spending remains the dominant long-term theme Although investors have become more selective, reports continue to highlight that semiconductor and memory companies have been the strongest-performing segment of 2026. Companies still benefiting from AI capex include: NVDA MU WDC STX SK Hynix Samsung The market narrative remains centered on AI infrastructure rather than consumer AI software. (The Guardian) 🔴 Bearish developments 1. AI valuation concerns continue The largest headwind remains valuation. Investors continue questioning: whether hyperscalers can maintain AI spending when AI investments generate meaningful cash flow whether current semiconductor multiples are sustainable Profit-taking has continued across many AI leaders after an exceptional first half of the year. (Reuters) 2. Rising-rate concerns remain Although geopolitical risks eased, markets are still focused on inflation and Fed policy. Recent commentary has kept alive expectations that rates could stay higher for longer if inflation proves persistent. Higher real yields are generally negative for: NVDA MSFT AMZN GOOGL META other long-duration AI names. 3. Rotation away from mega-cap AI Several reports note that: semiconductor stocks have significantly outperformed investors have started rotating into other sectors software and mega-cap AI names have underperformed recently This does not necessarily imply the AI cycle is ending, but it increases short-term volatility. (The Guardian) AI company-specific updates NVIDIA (NVDA) No major company announcement over the weekend. Remains highly sensitive to macro sentiment and AI capex expectations. Likely to trade with Nasdaq direction and Treasury yields. Marvell (MRVL) No significant company-specific news. Continues trading primarily on AI networking and custom silicon sentiment. Broadcom (AVGO) No major weekend developments. AMD No significant company-specific catalyst. Micron (MU) No new guidance since last week's earnings. Still viewed as one of the strongest beneficiaries of AI memory demand despite recent profit-taking. (Reuters) Nokia (NOK) No meaningful AI-related news over the weekend. SHAZ No significant new company announcement over the weekend. Earnings / Guidance No major AI-company earnings or guidance updates over the weekend. Macro events to watch this week This is a shortened trading week. Key events include: Tuesday: Consumer Confidence, JOLTS job openings Wednesday: ADP employment, ISM Manufacturing PMI Thursday: U.S. Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings (released early because of the Independence Day holiday) Friday: U.S. equity markets closed for Independence Day observance. (Schwab Brokerage) These labor-market reports are likely to be the biggest drivers of Treasury yields and AI stock performance this week. Policy / Geopolitics Positive Reported U.S.–Iran de-escalation reduced immediate fears of a prolonged conflict and major disruption in the Strait of Hormuz. (Reuters) Risk remains The ceasefire and diplomatic progress remain fragile, and markets could react quickly if tensions escalate again. (Reuters) Overall sentiment for Monday Bullish factors ✅ Reduced geopolitical stress ✅ Stable oil prices ✅ Strong long-term AI infrastructure demand Bearish factors ⚠️ Continued valuation pressure on AI leaders ⚠️ Higher-for-longer rate concerns ⚠️ Profit-taking after a very strong first half for semiconductor stocks The backdrop into Monday is moderately constructive for U.S. AI stocks because easing geopolitical tensions and relatively contained oil prices support risk appetite. However, the market's focus is shifting from geopolitical headlines back to Fed expectations, labor-market data, and the sustainability of AI capital spending, which are likely to determine whether the AI sector can regain momentum later in the week.

From an ROI standpoint (hard dollars), I believe a gifting campaign is as good as it gets. The downside is it's also the most operationally complex (lots of labor). Here's how I'd break it down: Investment: A worthwhile gift is likely a minimum of $100. Let's just use that #. And we'll target an audience of 100. So $10k spend on the gifts themselves. Add in handwritten notes ($500 at $5 each) and delivery ($1000 at $10 each) and we're at roughly 11.5k for the campaign. If the gift is good, you'll generate a bunch of meetings with the top 100 prospects in the world for your company. If the gift is great, you'll also get brand awareness through things like recipients posting on social media. There aren't (m)any marketing campaigns I can think of that drive that impact for 11 grand. Operations: to do this well, it's a fair amount of work. You have to come up with the gift, pick your audience, enrich with shipping addresses, order the gifts and handwritten notes to your office, repackage the gift and handwritten note for delivery, and ship them. You then need to follow up on delivery day to ensure receipt and eventually ask for the meeting. I love this type of marketing. There's a framework I like to use that half of marketing spend should directly benefit the target. Most marketing spend goes to 3rd party advertisers (Google, X, Meta, OOH providers, etc). It sounds obvious, but marketing spend that benefits the target (gifts, events like our Monaco Invitational, etc) is far better ROI. It's just more work to do it. So most companies index on the lazy approach and spend most of their marketing budget on paid online ads.