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Degens Deteriorating
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Shocking stat of the day:

Assets under management (AUM) in the 2x Leveraged Long SK Hynix ETF, listed in Hong Kong, are up to a record ~$10 billion, making it the largest single-stock leveraged ETF in the world.

The fund, launched in October 2025, has seen its AUM more than QUADRUPLE in less than 2 months.

It has now overtaken the 2x Leveraged Long Tesla ETF, $TSLL, which peaked at ~$8.5 billion in 2025.

The fund's AUM is also nearly as large as $TSLL and the 2x Leveraged Long Nvidia ETF, $NVDL, combined.

By comparison, the Samsung 2x Leveraged Long ETF, also listed in Hong Kong, has an AUM of $2.5 billion, which is 4 times smaller.

Meanwhile, the newly launched Korea-listed 2x Leveraged Long ETFs for SK Hynix and Samsung have attracted +$1.2 billion and +$816 million in just two days following their launch.

Levered AI bets are at record highs.

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JUST IN: US & Iran projected to announce an agreement or ceasefire extension by the end of the month, as Trump meets with top officials in the Situation Room.

52% chance.

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Bitcoin ETFs has sold $2.3 BILLION in $BTC this month.

The 3rd biggest monthly outflow since the ETFs launched in 2024.

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49% of Democrats have a favorable view of socialism.

At what point do we admit the Democratic Party has devolved into a socialist party?

50%? 60%? 70%?

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πŸ’―5🌚1
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A video has been released of Henry Nowak’s murderer in Vikrum Digwa performing martial arts with knives 2 years before stabbing Nowak to death.

The trial has shown that Digwa had an obsession with weapons.

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Refugees to Denmark come from poor countries and are usually less intelligent than native Danes.

But when they first arrive, the differences are magnified by not knowing the language.

Hearteningly, as time goes on, you can see them reaching fluency by about 6-7 years in:

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Duncan Trussel interprets Peter Thiel’s anti-Christ lecture series as hinting at altering the Book of Revelation with technology and preventing the Apocalypse, with Thiel alone altering humanity’s destiny.

Trussel says Silicone Valley is becoming a β€œmegachurch” inspired by Thiel

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😨2πŸ’―1
BREAKING: US oil prices drop below $87/barrel for the first time since April 21st as Trump says he is making a "final determination" on the Iran deal

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BREAKING: Edwin Raymond appointed NYC Sheriff by Mamdani. He believes policing is systemically racist.

He wants less arrests of non-Whites:

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NEW: Fight between a husband and wife ends with a large chunk of their house missing in Butler County, Pennsylvania.

The damage to the house is so severe that investigators are concerned about the house's structural integrity.

According to local reports, 48-year-old Eric Pierwsza used a Kubota excavator to rip apart the home during a fight with his wife.

"I'd like to know what she said to him because I'll make sure I don't say it. Forty-two years I've been married, but I've never threatened to tear the house down," a neighbor said.

The fight reportedly started after Pierwsza returned home after a night out drinking. His wife told him that their marriage was over.

"If it's over, I'll tear the house down," Pierwsza replied.

He then followed through on his promise and started tearing the house down.

Pierwsza was later arrested.

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Earlier research has documented a decline in the knock-on citationsβ€”a proxy for disruptivenessβ€”of research papers.

New research used that data and found that a lot of the decline seems to be explained by researchers getting old.

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Singular causes of big IQ deficits make this point clear

22q11.2 deletion syndrome makes people substantially less intelligent. But, among sufferers, IQs still correlate just as well with mothers' IQsβ€”what you expect with polygenic inheritance

They're just shifted down ~2 SDs

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