A growing and developing China is not the source of Europe's problems, but a partner that can help Europe address its challenges, said Chinese President #XiJinping# during his meeting with Austrian Chancellor Christian Stocker in Beijing on Friday.

Continuing today’s memecoin recap series, and the first one I want to talk about is $STOCKER I spent some time going through Stockereum again, from platform activity and the fee mechanism to buyback/burn, holder distribution, and the tokens currently running across the ecosystem After roughly a month of operation, I think $STOCKER is entering a stage where the thesis is worth revisiting, especially with Stockereum approaching $100M in volume and already having its first $30M+ runner 1. Stockereum is getting real traction Stockereum is a launchpad on Ethereum mainnet, but the concept is slightly different from the typical memecoin launchpad Tokens launch with a fixed 1B supply and can be paired with ETH or Ondo tokenized stocks such as NVDAon, TSLAon, AAPLon, and SPYon I think this is one of the more interesting differentiators here. Instead of simply creating another place to launch memes, Stockereum is combining meme speculation with the tokenized equities/RWA narrative directly on Ethereum The main liquidity runs through Uniswap v4. Tokens have no owner, cannot mint additional supply or be paused, while the main LP uses hooks so the creator/platform can’t simply pull liquidity after launch More importantly, there’s actual activity The latest dashboard numbers I checked showed roughly : > $97M total volume > $13M+ 24H volume > 1,550+ tokens launched > 72 tokens graduated > 250K+ transactions > Around $544K paid in holder/creator rewards > 40+ ETH used across 870+ buyback/burn transactions For a platform that’s only around a month old, I think these are meaningful numbers Stockereum is no longer just a narrative. There are real users, real volume, and real fees behind it 2. The $STOCKER fee flywheel is already running This is the part I care about most Creators can choose a 1%, 2%, or 3% trading fee Depending on the configuration, fees are then split between creator/holder rewards and the platform For ETH pairs, part of the platform fees are routed back into the market to buy back and burn tokens For $STOCKER specifically, around 38.2M tokens have already been burned, equal to nearly 3.8% of the total supply The dashboard valued the burned $STOCKER at roughly $246K when I checked So the flywheel : Trading volume => fees => buyback => burn is already happening on-chain rather than just being a roadmap promise Holder rewards are live as well. Creators can redirect part of their fees toward holders, with eligible rewards distributed automatically That’s what I like about the model: platform volume is actually generating economic activity across the ecosystem 3. But don’t misunderstand the buyback mechanism This is probably the most important thing to clarify about $STOCKER Not all of Stockereum’s revenue is used to buy $STOCKER Burn allocation is spread across multiple tokens, and the team can rotate these slots. Besides $STOCKER, tokens such as $ZC, $VERIDIA, and $AP have also received allocations Most recently, on October 4, the team rotated the 5% slot from $AP into $SC There has also been an important change involving $ZC On October 2, Zipcoin and Stockereum announced that the 10% fee allocation previously used for $ZC buybacks would be redirected toward funding Zipcoin’s development and ecosystem However, the dashboard was still showing some $ZC burns from the previous mechanism that same day. So I’m treating this as an announced transition rather than assuming the entire routing changed instantly This tells us something important: fee allocation can change That’s why I don’t view $STOCKER as a revenue-sharing token There’s currently no staking or meaningful governance mechanism that automatically passes all of Stockereum’s value creation back to holders Its main utility is still buyback and burn The flywheel is real, but how much value is captured specifically by $STOCKER still needs to be monitored 4. $ZC is creating an interesting setup Stockereum already has its first real breakout runner: $ZC $ZC previously pushed above the $35M area and is still sitting around $30M+, while $STOCKER is only around $6–7M In other words, a token launched on Stockereum is currently valued around 4–5x higher than the platform token itself This is also the narrative I’ve seen some Chinese KOLs starting to trade : Runner moves first => attention returns to the launchpad => volume increases => the market reprices the platform token later There’s logic behind this, but I wouldn’t simplify it into “$ZC is $30M, therefore $STOCKER should also be $30M” The market is valuing these two tokens for different reasons $ZC has its own Snowmoon/privacy narrative, community, and development $STOCKER depends much more on Stockereum continuing to grow as a platform Another thing worth noting: Stockereum already has 72 graduated tokens, but most are still sitting at relatively small market caps $ZC remains the clear outlier So Stockereum has proven that it can produce one major runner, but it hasn’t yet proven that it can do it consistently That’s why the question for me isn’t : “If $ZC is already $30M, why is $STOCKER only $6–7M?” It’s : If Stockereum can produce a second and third $ZC, does the market still keep valuing the infrastructure behind them at only $6–7M? That’s where I see the asymmetric part of the $STOCKER thesis If we start seeing more $10M–$20M+ runners after $ZC, the thesis changes significantly At that point, Stockereum is no longer a launchpad with one winner. It starts proving that it can repeatedly produce runners 5. On-chain looks relatively healthy, but there are still risks I also checked the holder distribution The largest wallet at roughly 12.8% is the Uniswap v4 Pool Manager, meaning it represents liquidity rather than a team wallet The next largest individual wallets hold around 3.3% and 2.7%. The top 100 holders control roughly 70% of supply, with around 2.4K–2.7K holders when I checked I haven’t found a single dev wallet holding an unusually large percentage of supply Some analytics tools also label a relatively high percentage as smart money, but I’m not using that as a core part of the thesis because tool labels don’t necessarily mean every wallet has been independently verified What I’m watching more closely is liquidity routing Stockereum’s main pool uses a Uniswap v4 hook with roughly a 1% fee, but secondary pools with higher fees also exist In some cases, a router can send trades through a less efficient pool, resulting in noticeably worse execution This isn’t the same as the team pulling LP, but it’s still something worth checking before taking a larger position 6. Competition is starting to appear Another name increasingly being compared with Stockereum is $SEND If I’m looking purely at traction right now, I still lean toward Stockereum It’s approaching $100M in volume, has more than 1,500 launches, and most importantly, has already produced a $30M+ runner On the other hand, some traders prefer SEND’s tokenomics/value capture because they see its buyback structure as stronger And that highlights exactly what $STOCKER still needs to prove Stockereum is currently ahead in traction But $STOCKER doesn’t necessarily capture all of the value generated by the platform Long term, a strong platform token needs both 7. The chart $STOCKER ran from a very low base to a peak of roughly $9.6M MC on September 29 A figure around $11M was mentioned by one caller, but I couldn’t verify that from market data, so I’m not using it as the ATH The chart then reset hard to around $2.8M before starting to rebuild From there, $STOCKER reclaimed $4M and $5M, then recently expanded back into the $8–9M area before retracing to roughly $6–7M now The structure still looks fine to me, but I wouldn’t call $6–7M a deep dip If the market gives us $4–5M again while Stockereum volume keeps growing, $ZC maintains its structure, and buyback/burn continues, I think the risk/reward becomes much more interesting On the other hand, if it falls back below $3M while the ecosystem itself starts cooling off, the thesis needs to be reassessed A few ETH of daily buybacks won’t save the chart if organic demand disappears 8. My current thesis I’m not betting on $STOCKER simply because “$ZC reached $30M, so the platform token has to catch up” The thesis I’m watching is : Stockereum maintains volume => volume generates fees => buyback/burn continues => the ecosystem produces more runners => attention flows back to the platform => the market starts repricing $STOCKER Right now, we already have nearly $100M in volume, 1,500+ launches, 72 graduated tokens, more than $500K in rewards, roughly 38M $STOCKER burned, and one $30M+ runner That’s a pretty strong start for a platform that’s only around a month old But there are still three things I want to see next : Volume breaks $100M and, more importantly, continues growing afterward The buyback allocation toward $STOCKER remains meaningful as the team continues rotating burn slots And most importantly, Stockereum produces a second real runner after $ZC If all three start happening at the same time, I think the gap between an ecosystem generating close to $100M in volume and a platform token sitting around only $6–7M becomes much more interesting For now, I’d still rather watch for dips than chase pumps 0x75E2Fc69Ff2ac12aF65Ba7D321bBf4f878c535d2

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Yo did you see 4STONK? What about STONKEX? Please tell me you didn't fumble STONK. I at least got a bag of STOXX. I saw STOCKED moon but I curved and bought STONKER instead. Woah wait, that was the wrong ticker? It was STOCKER? What do you think about STOCKIFY? Do just buy SOCK?

I set the schedules at Walmart. 66% of the working adults on Medicaid in this country hold full-time jobs. I am one of the reasons that number stays where it is. I tune your hours until you are valuable enough to keep and cheap enough that the state pays your doctor. There is a narrow line between those two facts, and my whole job is standing on it. People think a schedule is about the store. How many registers on a Saturday. How many stockers before a truck lands. On the surface, it is about that. Underneath, it is about a threshold. Schedule you a little more and you become my full cost. Schedule you a little less and you walk out the door. So I find the hour in between, the hour where you stay, and where a second office in a different building quietly covers the part of your paycheck I chose not to pay. I do not cut wages. Cutting wages is a fight, and it looks terrible on a poster. I hold the wage. I hold it at the number where a full-time associate still clears the Medicaid line, and I let the line do the cutting for me. Everything I just told you is legal. Sit with that one. Not a single statute says I cannot do this. The public covers the gap, on purpose, by design, and every inch of it sits inside the rules. That is the part I am proudest of. Here is the sentence the company loves most. Starting pay at Walmart is up 93% since 2015. It is true. We say it every chance we get, and we should, because it is a beautiful sentence. Here is the other true sentence, the one that lives on a different slide. Over those same years, more of our people landed on Medicaid. A raise that leaves more of your workforce on public insurance is a raise you frame and hang on the wall. Some numbers, because I am proud of the numbers. The median Walmart associate made $30,520 last year. Our chief executive's disclosed pay was roughly $29 million. That is close to 1,000 of them for 1 of him, and every one of those 1,000 is a person I keep parked an hour under the line. We spent $37.6 billion buying back our own stock since 2020. Spread that across the payroll and it comes to about $23,550 for every associate in the building. We chose the buyback. The shareholders needed it more than the shelf-stockers did, because the shelf-stockers already had Medicaid, and the shareholders had only the shares. We even help you enroll. Onboarding keeps a person whose whole role is walking a nervous new hire through the Medicaid application. She is kind about it. She tells you there is no shame in it, and she is right, there is none. She is also cheaper than the raise that would make her job disappear. She is the most efficient hire in the building, and I mean that as the highest praise I have. The wage reaches a certain point, the state reaches the rest, and she is the bridge between them, smiling, so you cross it feeling helped. A worker who feels helped does not come to my office asking why the check is short. I will not let Walmart take all the credit. Amazon's count of workers on public aid nearly tripled in five years while the company cleared $77 billion in profit. Dollar General runs on the same line. So do McDonald's and FedEx, same year, same math. The single biggest group of workers on food assistance does not clock in at any store at all. They drive for an app that calls them their own boss, so there is no employer on the paperwork to hand the bill to. We all found the line. We all stand on it. Mine just has a smiley face over the door. You paid for this already. You paid once at the register, for the low price. You will pay again in April, on a different form, for the Medicaid that makes the low price possible. The rollback sign on the wall is a receipt for the half of the wage we routed back to you to cover. You got billed on the back end and thanked on the front, and you thanked us back, because it was still cheaper than the other store. There is one entry on my staffing model that holds about 340 million people, and it is my favorite employee. It never calls in sick. It never files a grievance. It does not want a badge, a break room, or a name tag. In every year I have done this job, it has never once asked me for a raise. I do not write a name in that box. I keep the hours landing where they land, so the box stays full and the second office keeps paying. The wage was always going to be a little too low. I built it that way, inside the law, on purpose, down to the hour. Monday through Sunday, we pay our half. The other half clears the following April, from an office that believes it runs a health program. It has never once noticed it is running my payroll.

Americans love making fun of the people in Walmart late at night. There are entire websites. My coworker Nishiyama spent six weeks in northwest Arkansas this fall for work. Jet lag kept him up every night, and his hotel was across the parking lot from a Walmart that closed at 11. So every night, for the last hour, he went. Back in Tokyo, he told our boss, with a completely straight face, that the people in Walmart at 10 p.m. are the finest human beings he has ever seen. Our boss asked for evidence. Nishiyama is Japanese. Of course he had timestamps. First, you should know what a store at night is in Japan. It's a convenience store. You walk in. Nobody speaks. You're out in ninety seconds. It's beautiful. It's also the loneliest room in the country. Here's what he wrote down. 10:02 p.m. The school supplies aisle. Four fathers. Four kids. Four projects due tomorrow morning. Not one of those fathers had been told before 9:30. The fathers did not speak. They nodded at each other like men at a war memorial. One of them had extra glue sticks. He passed them down the line. Like ammunition. 10:11 p.m. A nurse in navy scrubs, straight off a twelve-hour shift. One frozen dinner and a birthday card. She had missed her son's ninth birthday party. The cashier looked at the card, walked to the floral counter, and returned holding a balloon. "On the house, hon. Don't tell my manager." The manager was standing right behind her. He said, "Get her a cake, too." 10:19 p.m. An old man buys one tomato. Every night. The cashier keeps the best one under the register for him. His wife used to do the shopping. He doesn't even like tomatoes. He likes the walk. And the cashier. 10:26 p.m. A boy, sixteen, in the flower section with his dad, buying a corsage for homecoming. Within four minutes, there was a committee. The dad. The cashier. A stocker. And a grandmother in house slippers who had come in for cough drops. "Not the pink one, baby. Ask her what color her dress is." He texted the girl. Blue. The committee chose white. The grandmother approved. The committee dispersed. In Japan, a boy buying flowers for a girl would take a train to another city and wear a mask. 10:33 p.m. A young mother. Three kids. A full cart. Her card was declined. Then declined again. Nobody breathed. The woman behind her leaned forward and said, "Run mine, sugar. I've been there." That's all she said. She didn't wait to be thanked. She just started bagging the young mother's groceries. 10:48 p.m. Two old men in the coffee aisle. Arguing. Folgers versus Maxwell House. Loud. Fifteen minutes. A stocker told Nishiyama not to worry. They've had that argument every night since 2011. They're best friends. In fifteen years, neither one has bought a single can. 10:55 p.m. "Attention shoppers, the store will be closing in five minutes." Nobody moved. In Japan, when a store announces it's closing, people leave like there's a fire. In Arkansas, it's more of a suggestion. Then came his last night. 10:58 p.m. The baby aisle. A boy, maybe twenty, in a work jacket, holding a car seat. Inside it, a baby. Three days old. Screaming. The boy was crying too. Quieter. His wife was still in the hospital after complications. They'd sent him home to sleep for one night. He did not know how to make a bottle. He had been standing in front of forty kinds of formula for twenty minutes. Nishiyama froze. Nobody else in that store had that problem. The stocker, Earlene, 67, left her pallet right where it was. "Give me that baby, honey. I raised five. And two of my sister's." The tomato man showed him how to burp a newborn. "Raised four. Pat like you mean it, son." The two coffee men paused fifteen years of arguing. To agree on a formula. The cashier ran warm water from the deli into a coffee cup to heat the bottle. And at 11:00, the manager, the cake man, walked to the front doors, locked them, and said: "Nobody leaves till that baby's fed." At 11:41, the baby burped. A real one. You could hear it in Sporting Goods. Eleven people in an empty Walmart started calling the Hogs. The young dad asked how he could ever pay them back. Earlene buttoned the onesie and handed the baby back to him. "You don't, baby. Somebody did this for every one of us. In about twenty years, it's your turn." Nishiyama showed our boss his notes. Our boss read them twice. Then he cleaned his glasses and read them a third time. There's an old saying: it takes a village to raise a child. In Arkansas, the village closes at eleven. Mostly. So go ahead, internet. Keep laughing at the people in Walmart at night. A man from Japan watched them for six weeks. They are your nurses. Your fathers. Your widowers. Your grandmothers in house slippers. They're the best you've got. And they're open till eleven. (One of the fathers in the school supplies aisle gave Nishiyama a glue stick too. Just in case. Nishiyama has no children. It's on his desk. He says it's for emergencies.)

America, this one is for the people who keep your country running. Find your job. In Japan, we bow to say thank you. I can't bow to all of you through a phone screen. So this is the next best thing. Truck drivers: There's a saying, "If you bought it, a truck brought it." I'd add: and somebody missed dinner to do it. Nurses: You hold a stranger's hand on the worst day of their life, then go buy groceries in your scrubs like it was nothing. Teachers: You've spent your own paycheck on pencils, granola bars, and winter coats, and you've never once mentioned it. Farmers: You bet everything on the weather every single year, and you call it "a living." Welders: Half of America is held together by your seams, and almost nobody ever sees them. Waitresses: You remember a regular's order, his grandkids' names, and that his wife passed. His coffee is refilled before he looks up. Mechanics: You can hear what's wrong with a car before it finishes pulling in. Firefighters: Everyone runs out. You run in. Small-town deputies: You know which kids need a ride home and which ones need a talking-to. Sometimes it's the same kid. Soldiers, sailors, airmen, Marines, and Guardsmen: You signed your name to a promise most people will never be asked to make. Military spouses: You've moved eleven times, and you still find the good grocery store within a week. Garbage collectors: You show up before dawn, in the heat and the cold, and the only time anyone notices is when you don't. Electricians: You work on the thing that can kill you, so the rest of us can flip a switch and never think about it. Plumbers: Nobody has ever called you on a good day. Roofers: July. Black shingles. Forty feet up. Cashiers: You've been yelled at about prices you didn't set, and you still said, "Have a nice day." Overnight stockers: The shelves were full at 7 a.m. because you were there at 2. School bus drivers: Forty kids every morning. You know every one of them by name, and somehow you still have your hearing. Volunteer coaches: Every Saturday, for kids who aren't yours, for zero dollars. Pastors: You get the 3 a.m. phone call. Every time. EMTs and paramedics: Somebody's worst day is your Tuesday, and you treat them like they're your own mother. Road crews: Every highway I've ever been on, somebody stood in the heat holding a sign so nobody would get hurt. Loggers and commercial fishermen: Your jobs are on every "most dangerous" list in the country, and you go back on Monday. Ranchers: Calving season means sleeping in your boots. Snowplow drivers: When everyone's told to stay home, you're the reason they can leave tomorrow. Home health aides and CNAs: You bathe, feed, and laugh with people whose own families stopped visiting. Hospice workers: You hold the hand at the very end, so the last thing a stranger feels is kindness. Small business owners: You put your house on the line to open your doors, and you still sponsor the Little League team. Large-animal vets: You'll drive to a barn at 2 a.m. for a cow that isn't yours. Librarians: In a lot of towns, you're the last place that's warm, quiet, and free, and you guard it like a fortress. Stay-at-home moms and dads: No breaks, no pay, no days off, and you'd do it for free. You are doing it for free. Grandparents raising grandkids: You were supposed to be retired. You said, "Bring them here." The news will never put most of you in a headline. So I'm putting you in one. Every job on this list is the reason your country works. From Japan: thank you. Now please, go get some sleep.

Sticker Mule CEO Anthony Constantino claimed victory in New York’s 21st Congressional District and used his speech to ask Donald Trump to free Diddy, calling him “a historic New Yorker.” Combs is currently serving a 50 month federal sentence. The race still hasn’t been officially called.