It’s been 1 year since I quit my job and fulfilled a lifelong goal of becoming a professional gambler at the age of 52. Haven’t made any money in crypto really. Probably down on crypto for the year tbh. But stock portfolio is looking nice. Prob down 20k on poker but I was down 70k 2 months ago. And I have a large position in cets which will wipe out all my losses and be the only crypto trade I need to hit. Life is good.

Shared this in my June 9th portfolio update newsletter Tbh I kinda felt like I was a bit out-of-it in terms of having my finger on the pulse of the crypto space for the last year or so, maybe because I haven't been in the trenches much at all, and have spent a lot more time AFK. But it turns out, picking some conviction bets and sitting on them for a long while can have incredible results Still holding REKT and BANKR fwiw, they remain longer term conviction bets as well, but it's nice to see the run continue for ZEC/HYPE/VVV/NEAR and now PHA and PEAQ too. Privacy and AI coins, it appears it wasn't rocket science after all

$PUMP burns around 12% of TOTAL supply a year. At current market cap, it would take just over 8 years to burn every single token. I have 0 doubts in my mind that $PUMP is going to be around for the next decade, and tbh I expect their revenue to only growth with the multiple streams they have. The longer $PUMP trades at a stupidly low multiple to revenue, the more supply will be burned. Would love to be in a position in 3 years time where 50% of TOTAL supply was burned. $PUMP price at my valuation target ($20B FDV) would then be 0.04

"Get under the table and cover your head," I told my 9 year old. She was shaking and had tears in her eyes. Our phones were buzzing like an Amber Alert on steroids. There were sirens wailing outside. Our first earthquake warning. Week 6 of the Family Gap Year™️. 12 hours later the government apologized for the mistaken warning. Turns out there wasn't a 9.9 heading our way. (And yes the earthquake advice came from ChatGPT... but now we know.) This week has been a good one with a nice dose of social interactions (including a small Yale reunion). A few other highlights: 1. Attended the Tokyo Derby Our first football game (off the heels of the World Cup). It was a beautiful brisk day at Ajinomoto Stadium where our (adopted) FC Tokyo won 4-nil. We followed it up with a nightcap at the Fairmont with views of the Tokyo Tower. 2. Two very Japanese encounters We were out to dinner with another couple and when the bill came, we split it. The staff went out of their way to inform us (3 times!) that the bill was an odd number, so one person would be paying one extra yen. (Half a penny.) We walked by protesters at the US embassy. I don't know the back story about what happened at one of the bases, but the chant was loud and angry. It also was polite, "USA, please go away." 3. We love the subway here Once you get over the fact there are 4 different subway systems, it's so clean and quiet. You can hear a pin drop, even during rush hour. It's seriously meditative, especially when you're outside the city center on the outdoor lines. 4. Wrapping up a hard work stretch I've had calls at 4:45 am all week (and a few calls ending at 11pm). It's probably the most physically tired I've ever been, but the work and clients are awesome. Once November hits, things quiet down for a few months. It's wearing on my family that I'm continuously sleep deprived. (I haven't drank coffee in a decade, but have transitioned to Coke Zero - can't believe I discovered this at 47) 5. What's the best thing we've eaten? We've been getting that question a lot, but tbh we haven't gone down the foodie route (especially with the kids and everyone still being on a slightly different schedule). Also, reservations here are surprisingly hard to come by. But the baseline of pretty much every meal (except Mexican) is just so high. And it's hard to spend > $50 (no alcohol) for a family of 4. We've got under a month left in Tokyo before Taiwan, Seoul and HK. Those will probably be shorter trips and starting to think about a longer stint in January (Vietnam?). Thanks for reading, friends 🇯🇵

If you're at a wirehouse your clients likely can't buy this ETF: $1 billion in AUM 10+ year track record ⭐️⭐️⭐️⭐️⭐️ Outperformed 96% of peers in category You also can't serve clients with 351 ETF exchanges. But good news....we got a hot allocation to this closed end private credit fund! Rough opportunity set TBH.

Elon may not always be on time, but he ALWAYS delivers. Look at this 5-year $TSLA chart. High of $498.83. And even after today’s pop, we’re sitting at $367. The Tesla shorts had their time the last couple of years... I’m not going to lie. The stock ripped, dumped, ripped again, dumped again… and after all that, it hasn’t really gone anywhere. If you only looked at this ticker, you’d think Tesla was stuck. That’s probably why so many people gave up. On Elon. On the team. On the stock. On the whole thing. They got tired of waiting. They lost patience. Every delay felt like the last straw. Every red month felt like proof they were right to doubt. Friends told them to sell. The media told them it was over. And a lot of people finally said forget it and walked away. Now institutional investors outweigh the retail. I don’t even blame them tbh. Watching your shares bounce around for years and end up in the same spot is brutal. Tesla is not for the faint of heart. Trust me, I know. But the part that people forget is that the stock and the business are two completely different beasts. While $TSLA was doing all of this, the Tesla team have been grinding. 1/ Robotaxi launched in Austin in June 2025. I was there with real people getting rides on real city streets. 2/ Unsupervised Robotaxis are now driving in multiple cities. On the last earnings call, Tesla said they accumulated 380,000+ unsupervised miles across six cities, with ZERO notable incidents from the Tesla vehicles themselves. 3/ FSD kept getting better... I just downloaded v14.3.8 to my Cyberbeast and Grok was running the car while it drove me around, hands and feet off. 4/ Cybercab production started at Giga Texas. A car with no steering wheel and no pedals, coming off the line. 5/ Tesla still delivered over 1.6 million vehicles last year. Energy is still growing. Optimus is already working in the factory with an unveil coming soon. Now this week is the Cybercab launch event on September 3 in Austin, Texas. A two-seat robotaxi with no steering wheel and no pedals. The car itself is the driver. And I’ve heard this story before... Model 3 and Y was late… then the Y became the best selling car in the world. Cybertruck was late… now I drive one every day. FSD was “coming next year” for a long time… then I road tripped 4,161 miles across America this summer and it did all the driving. People said the Tesla Cybercab wouldn’t even ship this year. A lot of those same people already sold. And now I’m going to be in Austin this week watching Tesla launch it in person. The shorts got the delays... the sideways chart. They got their time. The impatient ones gave up. Now this is the part where he delivers. NEVER bet against Elon Musk and the Tesla team. It won't end well.

a friend asked for help to code with ai, which is a sentence i never thought I’d say… she’s a new mum with zero experience and was embarrassed to ask. she shouldn’t have been. tbh most of the “lesson” was sharing she can already build things and that every year she didn’t code is exactly why her app for parents like her would be so good anyway, she just left with codex still cooking and the next three features already scoped ❤️‍🔥

Coinbase's data handlers took BRIBES to sell customer data. In December 2025, the Brooklyn District Attorney's office charged a 23 year old for running a $16 MILLION crypto phishing scam. Unlike regular phishing scams, this one allegedly ran on insider data theft. The victims who fell for this scam may have had their data handed to those with bad intentions by Coinbase's data handlers, who took bribes to steal it. This info contained historical balances, addresses, contact details, and a bunch of sensitive info. The attackers then tried to extort Coinbase for $20M to keep it quiet. Coinbase said no and put up a $20M bounty on them instead. Nothing is truly safe, insane tbh.