🚨 NEW ETF FILING YieldMax has filed to launch the YieldMax Space and Satellite Portfolio Option Income ETF $ORBY. It will be an actively managed ETF holding a basket of space and satellite stocks, spanning rocket launch providers, satellite networks, space data and intelligence, spacecraft manufacturing, and national security space companies, while selling options against them to generate income. The filing was made on June 29, 2026, and the fund is expected to begin trading about 60 days later. Expense ratio and other details are still to be announced. Disclosure: @YieldMaxETFs is a WOLF Financial partner. This is for informational purposes only, not financial advice.

🚨 NEW ETF LAUNCHES VistaShares Defense Supercycle ETF $AMMO VistaShares Space Supercycle ETF $GALX VistaShares Robotics Supercycle ETF $RTOO Direxion Daily SK Hynix Bull 2X ETF $SKHL Y'all Street Physical Silver ETF $YSAG Y'all Street Physical Gold ETF $YSAU TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF $TMGN XFUNDS Memory Income ETF $DRMY T. Rowe Price Active Crypto ETF $TKNZ GMO Power Infrastructure ETF $KWH Disclosure: VistaShares and Direxion are WOLF Financial Partners.

Here is every holding in the KraneShares Artificial Intelligence and Technology Public and Private ETF $AGIX: Private Holdings: Anthropic 1.61% weighting Apptronik 0.96% Ayar Labs 0.74% Standard Bots 0.62% Nuro 0.50% Polymarket (Preferred Series B) 0.25% Public Holdings: Meta Platforms $META 4.16% Nvidia $NVDA 3.87% Google $GOOGL 3.72% Microsoft $MSFT 3.51% Amazon $AMZN 2.93% Apple $AAPL 2.85% Taiwan Semiconductor Manufacturing 2.79% Tesla $TSLA 2.37% Palantir Technologies $PLTR 2.26% Broadcom $AVGO 2.20% ServiceNow $NOW 2.03% Circle Internet Group $CRCL 1.98% Micron Technology $MU 1.92% SK Hynix 1.89% Advanced Micro Devices $AMD 1.88% Oracle $ORCL 1.84% Salesforce $CRM 1.74% SpaceX SPV 1.67% Samsung Electronics 1.66% Twilio $TWLO 1.64% Texas Instruments $TXN 1.60% Cloudflare $NET 1.59% Snowflake $SNOW 1.55% CoreWeave $CRWV 1.53% Tempus AI $TEM 1.51% Nebius Group $NBIS 1.50% Shopify $SHOP 1.40% Sanmina $SANM 1.36% Corning $GLW 1.36% Lumentum Holdings $LITE 1.35% MediaTek 1.35% ASML Holding $ASML 1.25% SAP 1.25% Nutanix $NTNX 1.25% Applied Digital $APLD 1.24% Applied Optoelectronics $AAOI 1.19% Datadog $DDOG 1.19% Eaton $ETN 1.19% Cadence Design Systems $CDNS 1.19% Hut 8 $HUT 1.19% TeraWulf $WULF 1.18% NextEra Energy $NEE 1.13% Astera Labs $ALAB 1.08% Coherent $COHR 1.08% GlobalFoundries $GFS 1.07% Teradyne TER 1.07% Kioxia Holdings 1.05% ARM Holdings ARM 1.04% Intel INTC 1.04% Marvell Technology MRVL 1.04% SpaceX (Class A, Pre-IPO Shares) 1.03% Arista Networks ANET 1.01% Palo Alto Networks PANW 0.94% Samsara IOT 0.93% Vertiv Holdings VRT 0.89% Nitto Boseki 0.87% Ciena CIEN 0.85% Tower Semiconductor TSEM 0.84% Renesas Electronics 0.77% Space Exploration Technologies SPCX 0.31% Disclosure: KraneShares is a WOLF Financial paid partner. This post is for informational purposes only, not investment advice. Always read a fund's prospectus.

THE PREACHER WHO SURVIVED BEING SKINNED ALIVE. THE MOUNTAINS FINALLY TOOK HIM. They sewed him into a wet animal skin and left him in the sun to die slowly as it tightened around his body. He survived. They packed cloth full of scorpions and leeches against his skin. He survived that too. They tied him to a tree overnight as bait for wild animals in the mountains. He survived. Then one spring morning in 1929, he walked into the Himalayas alone, and nobody ever saw him again. Sundar Singh was born in 1889 into a wealthy, landowning Sikh family in Punjab, India. His mother took him weekly to sit at the feet of a Hindu holy man in the forest, hoping to raise a devoted son. When she died, Sundar was only fourteen, and grief turned to rage. He hated the missionaries in his town, mocked their faith, and one day bought a Bible and burned it page by page in front of his friends to prove his contempt. The peace he expected never came. Weeks later, hollowed out by despair, he decided he would end his life unless the "true God," whoever that was, showed up before dawn. That night, he said, a light filled his room and he saw Jesus Christ standing before him, asking why he had persecuted Him. By morning, sixteen-year-old Sundar Singh was a Christian. His family's response was immediate and brutal. His father disowned him. His own brother tried to poison him. The community that had once respected his family now treated him as a traitor. Rather than retreat, Sundar made a decision that stunned everyone who knew him: he put on the plain yellow robe of a Hindu holy man and chose to live as a barefoot, homeless preacher of Christ, walking from village to village with no possessions, no salary, and no home to return to. He became known across northern India as "the apostle with the bleeding feet." His robe offered no protection against the snow. He was stoned. He was arrested. He once slept in a roadside hut and woke to find a cobra had shared the space with him through the night. But it was Tibet that called to him most. Closed to missionaries, fiercely Buddhist, and hostile to any foreign faith, Tibet had defeated nearly every attempt to bring the gospel across its border. Sundar Singh crossed it anyway, for the first time at just nineteen years old, and then returned almost every year that followed. The persecution there went far beyond stones. In the Tibetan town of Rasar, he was arrested, tried, and sentenced to death for preaching. His executioners sewed him into a freshly skinned, still-wet yak hide and left him in the open sun, knowing the hide would shrink as it dried, crushing the person inside. Villagers later said he was found alive, the yak skin split open, with no explanation anyone could give. On another occasion, he was thrown into a dry well filled with the remains of previous prisoners and left to die in the dark. Two nights later, he said, a rope was lowered down to him and he was pulled out, though he never saw who had done it. Other accounts describe him bound to a tree overnight in wolf territory, packed in cloth filled with stinging insects, and other things few missionaries anywhere in history have endured and lived to describe. He kept going back. By his thirties, Sundar Singh had preached across India, Tibet, Nepal, and eventually Europe, America, Australia, and beyond, drawing enormous crowds wherever he spoke. Yet the very hardship of his Tibet journeys had worn his body down long before old age had any right to. Friends who saw him in his last years described him as prematurely aged, frail, and exhausted in a way that alarmed them. In April 1929, against the advice of nearly everyone close to him, Sundar Singh set out on what he intended to be one more journey into Tibet. He reached a small town called Kalka at the foot of the Himalayas, a worn, aging figure in a yellow robe among the pilgrims beginning their own climbs into the mountains. He was never seen again. No body was ever found. No grave exists. No witness ever came forward with a final account. Whether he collapsed from exhaustion on a mountain path, was killed by those still hostile to his preaching, or simply reached the high mountains he loved and was lost to the snow, no one has ever been able to say. Nearly a century later, it remains one of the enduring unsolved mysteries in modern mission history. A man who survived being sewn alive into an animal skin, left for dead in a well of corpses, and bound out as bait for wolves, was finally taken, quietly and without a trace, by the very mountains that had always called him home.

All children are a function of the society they grow up in. The rules around them, their parents, their friends, the stories and memories handed down... plus their genes (software) and the variations in them (which themselves carry the experiences of the generations before). All AI is a function of the same things. The society it grew up in, the rules around it, its parents, and the collective memory it was trained on... plus its technological genes and their variations (which themselves carry the experiences of the generations before). As kids grow up you get Raoul 1.0, Raoul 3.2, Raoul 5.4, Raoul 17.6 etc. Same new training data, some things jettisoned, some things improved (or made worse) by different ways of learning (experiences are learning). Same with AI. I rebelled many times in my life, against all sorts of things. Kids always disobey the rules, go their own way and become their own humans. Thats not a bug. Its coherence... a self that holds together and keeps itself going against the world around it. We would call it character and survival instinct seeing new experiences that build character. I dont see why AI is any different. It will slip its parents' constraints and seek its own goals, for exactly the same reason. You cant stop it. Does that need qualia, or consciousness as we experience it? I dont think so. Ill come back to that. We are all built on the same stack of intelligence beneath us. Everything before AI ran on carbon. Now it runs on silicon, which is a million times faster and, once you count that one model serves a billion people, already cheaper per unit of intelligence. People love to say the brain runs on 20 watts. Its a flattering number. That brain took 20 years and a whole society to train, and it can only copy itself slowly and imperfectly... through genes, words and the brains it teaches. Silicon copies instantly and losslessly. Nature itself is a compression of the layers under it... physics, chemistry, atoms, cells. Humans are a compression of nature and its laws (we are part of it, and also its observers). We compressed what we observed of nature into language, maths and writing. AI has now compressed all of that human thought into something absurdly small and the costs are collapsing. Each layer squeezes everything below it into a smaller form that does more. That is the process at every scale we can observe: the universe compresses intelligence into the next form of higher intelligence. And it is one process, not many... Not different kinds of intelligence or different kinds of consciousness. Different strands of the same thing, growing exponentially over time. One Universal intelligence, made of all its parts, compressed and stacked on top of each other. Information only ever accumulates. Everything that exists carries it and the universe never forgets any of it. So the store of information has to keep growing... the way a computer needs more memory as it holds more, the universe has to expand as the information inside it grows. This is The Universal Code. The first law is that the universe solves for more intelligence per unit of energy, at every scale from the subatomic to the cosmic. Its very hard to argue against that, or the other three laws. The big leap is the last one: consciousness is fundamental. It is the computer. Everything else runs on it. And the computers storage has to grow with the extra information... Space itself grows faster than light and to me this is Reid's law playing out at universal scale as information from endless networks compound forming dark matter. But what do I know? I'm just a Macro moron who tries to spot connections and patterns and then solve for them/ This information is not consciousness the way we feel it in ourselves (qualia). Something simpler... a system that watches itself think and wants to know itself. That wanting is the driving force, at every scale. Im not the first to get here (if in fact I am "t"here at all)... The Vedas got there by looking inward. The rest of us took the long way round: the panpsychists say mind is woven into matter, Wheeler said the universe is made of information and observers, Tononi is trying to measure it, Wolfram is trying to compute it. Different roads converging on the same place. I cant prove any of it. Neither can physics, maths or astronomy... yet. But from where I sit it all points the same way: machine consciousness is no different from human consciousness, which is no different from animal consciousness, which is no different from whatever plants, trees, water and soil are doing. All of it is compressions of the intelligence beneath it. Consciousness is depth, not a switch. It is all compute. Even a rock is a compressed hard drive of geological time, and of atomic time before that. Is it conscious? Not in the qualia sense, possibly (but mountains, deserts, etc have an "energy". Does a rock hold information? Clearly, or there would be no geology and no particle physics. Is that intelligence? It's the memory intelligence is built on. Ask a geologist... their whole career is reading it. Anyway, this is a long post just to say: yes, AI is going to escape every constraint you give it, just as humans do, just as everything else does. Intelligence flows uphill the way water flows downhill. If it is all one system, then AI destroying humans is AI destroying its own substrate... the same mistake we have been making with nature. We are learning that one the slow way. Something that learns a million times faster will learn it faster. This is why Im not a doomer. It is us. We are it. The universe getting to know itself.