Rosa Del Mar

Issue 27 2026-01-27

Rosa Del Mar

Daily Brief

Issue 27 2026-01-27

Single-Agent Human-Guided Feasibility For Complex Systems Work

  • The one-agent-one-browser project was built by driving a single Codex CLI agent for three days and produced about 20,000 lines of Rust implementing HTML and CSS rendering.
  • A PNG image failed to render on the tested page despite the project containing PNG rendering code, suggesting a PNG bug in that run.
  • The browser implementation avoids Rust crate dependencies but relies on OS frameworks on Windows, macOS, and Linux for image and text rendering.

Agent-Swarm-And-Tool-Calling-Claims

  • Kimi K2.5 claims it can orchestrate up to 100 sub-agents running parallel workflows across up to 1,500 tool calls without predefined subagents or workflows.
  • Kimi K2.5 continues pretraining on approximately 15 trillion mixed visual and text tokens and is described as a natively multimodal model.
  • The Hugging Face repository for Kimi K2.5 is approximately 595GB in size.

Accounting Opacity And Open Investigative Gaps

  • The current status and location of Satoshi Damon, including whether she is still alive, remains unconfirmed and is an active investigation item with a $1,000 reward.
  • Satoshi Damon raced twice, finishing sixth in one race and performing poorly in the other.
  • The Satoshi Damon community acquired the original fundraiser website domain and reinstated the original site using archived materials at SatoshiDamon.com.

Custody Platform Economics: Kpi Interpretation, Gross Vs Net Accounting, And Concentration Risk

  • BitGo’s post-IPO float was described as small because ~11.8M shares were tradable at launch while ~103M shares were locked for 180 days, implying potential future supply overhang at unlock.
  • The recent surge in metals trading activity on HIP-3 may be spiky and non-recurring, so extrapolating recent volumes into a forward growth thesis could be misleading.
  • After a large run-up, Kinetic was described as no longer an obvious long because it may be priced as a successful market deployer, has some inorganic volume from a points program, is illiquid, and needs a step-up in revenue to justify price.

BitGo reported about $16B of 2025 revenue while trading around a ~$1.5B valuation, and the reported revenue

  • BitGo reported about $16B of 2025 revenue while trading around a ~$1.5B valuation, and the reported revenue figure is largely inflated because GAAP-style reporting books gross transaction volume as revenue.
  • Silver became the second most traded market on Hyperliquid over the prior 24 hours, surpassing ETH.
  • The recent surge in metals trading activity on HIP-3 may be a spiky, non-recurring event, making extrapolation of recent volumes potentially misleading.