• Anduril now attracts many applicants without the early-stage “true believer” recruiting filter it had when it was seen as a risky or uncool bet.
• Achieving 24/7 global liquidity and settlement across banks will require stablecoins.
• Anduril’s tower product has scaled to deployments across 35 bases worldwide.

• Paying $10 per month allows subscribers to stay one month ahead of the free copy of the newsletter.
• A copy of the December newsletter is provided as a preview of the sponsors-only newsletter.
• The January newsletter includes updates on the kakapo breeding season, new sandbox options, the idea that web browsers are the 'hello world' of coding agent swarms, Sam Altman addressing the Jevons paradox for software engineering, and model releases and miscellaneous extras.

• Deno Sandbox can inject API secrets as placeholder environment variables and only replace them with real values via an outbound proxy for specified hosts.
• Code can be created and executed in Deno Sandbox from Python using the deno-sandbox library with a DENO_DEPLOY_TOKEN.
• Sandbox sessions can last up to 30 minutes and are billed by CPU time, GB-hours of memory, and volume storage usage.

• A quoted viewpoint asserts that current large language models differ from the character Data because Data created art to grow and understand rather than merely to produce outputs.
• A quoted viewpoint characterizes finished artistic works as proof of learning, likening them to a receipt or diploma, and claims the creator is the primary artwork.
• The quoted viewpoint is attributed to Brandon Sanderson and is reported via Guido van Rossum.

• A small institutional allocation (e.g., 1%) to Bitcoin or gold can become 10–20% of the portfolio after a large price multiple, creating difficult rebalance/hold decisions and regret pressure for non-owners.
• Gold had an approximately 10% intraday up-down move on January 29, indicating unusually high volatility.
• The market may challenge prior extremes such as the early-2000s low dividend yield and a CAPE peak around 44.5, implying possible further valuation expansion driven by 'animal spirits'.

• Institutions are described as monitoring both progress on community-aligned upgrade paths and the pace of quantum breakthroughs to judge whether quantum risk is becoming more or less acute.
• Franklin Templeton includes quantum risk as one component of a higher discount rate applied to digital assets, alongside smart contract and regulatory risks.
• The primary existential quantum threat to Bitcoin described here is signature/key compromise via Shor’s algorithm (deriving private keys from exposed public keys to forge signatures), not consensus failure.

• The metals crash is driven in part by CTA trend-following and volatility-targeting behavior that forces persistent selling after key moving averages break and realized volatility spikes.
• Hyperliquid real-world-asset volumes are rising sharply, with silver and gold products trading hundreds of millions and more than $1B combined, driven by HIP3.
• A failed breakout that re-enters a prior trading range is a bearish pattern because breakout buyers panic-sell after re-entry, which can force a break of the range lows.