The US debt crisis is entering uncharted territory: Net interest, social security, medicare, healthcare spending, and veterans' benefits currently consume 98.4% of total federal government receipts, near the highest proportion on record. This figure has surged +28 percentage points since 2022 and is only below the 2020 pandemic peak of ~99.0%. Net interest alone has nearly tripled as a % of revenue, to a record 19.7%, accounting for roughly half of that +28 percentage-point increase. By comparison, during the 2008 Financial Crisis, these expenditures did not exceed 90% of federal receipts. In other words, mandatory spending and interest costs now consume nearly every Dollar the federal government collects. What is the long-term plan here?

A former Naughty Dog developer says an Uncharted remake would basically be a “cash grab.” Benson Russell, a former senior designer at Naughty Dog who worked on the original Uncharted games, explained why he doesn’t think the first game needs to be remade. According to Russell, the Nathan Drake Collection already gives players a modern way to play the original games. He also believes that remaking Uncharted would mean changing parts of the original experience “Why would you remake it? It’s already been remastered. It’s in the Nathan Drake Collection. It looks great. It plays great.” “You’re going to have to change a lot of things, and then you’re going to get into the whole thing of, ‘Well, is it really the same game anymore?’” “If you’re going to spend all that time and money, make something new.”

Today we are sad to announce that Uncharted and Fishing Frenzy will shutdown and cease operations. Despite our best efforts, we were ultimately unable to prove our thesis on crypto gaming and could not find product-market-business fit. We spent a lot of time in the past year testing multiple directions and audiences, but the results did not give us enough conviction in a viable path forward. We are deeply thankful for the community and investors who gave us their time and trust, and we are sorry we could not deliver. Here is what’s happening next: - Servers will shutdown on June 25th 2am UTC - USDC packages are no longer available in the game - FISH token is now spend-only and untradable - Karma scores are now open sourced for use by other teams and partners: - All USDC from the FISH/USDC LP pool will be redistributed to the community and stakers, based off Karma score (snapshot taken as of 15 Jun) - All USDC spend since Chapter 3 launch (May 14th) will be refunded (excludes diving) - All Proof of Distribution rewards will be distributed by Sky Mavis directly to the community, proportional to Karma scores Once again, we are grateful to everyone who supported us and will be available to answer any questions in our Discord. We have also put together a FAQ here in the wiki: Thanks, JW, Derek and the rest of the Uncharted Team

📍 Fame to Fortune Summit, hosted by Uncharted Bringing together athletes, entertainers, creators, founders, and investors under the Hamptons sun to talk business, build connections, and turn influence into opportunity. @loebnyc | @noahsfriedman

The U.S. economy is entering uncharted territory. The national debt hit a record $40 trillion last week, while persistent inflation fears rattled financial markets and pushed borrowing costs to their highest levels in two decades. The Treasury Department stepped in midweek to provide relief, but by Friday, borrowing costs had climbed back to where they were.