Ten31 Timestamp: Spirit of '63

Marty and John Arnold dig into Anthropic's S-1 numbers, Meta's first negative free cash flow quarter in over a decade, and why Treasury Secretary Bessent is invoking Lincoln's National Currency Act of 1863 to sell stablecoins. 🔗 https://bitcoinproducts.com In this episode: Anthropic's S-1, revenue per dollar of compute, and Fortune 500 penetration Meta's CapEx surge, negative free cash flow, and $95B equity raise plan Why GPU rental prices keep rising while bears call the bubble Gulf oil and LNG flows back above pre-war levels The Qatar LNG deal, Henry Hub, and a possible Russia Ukraine peace deal Reshoring, China export controls, and a bifurcating world The 1863 National Currency Act, the GENIUS Act, and T-bill backed digital dollars Gold convertibility in 1879 and what it means for gold and the Bitcoin reserve TIMESTAMPS: 00:00:00 - First take on Anthropic's S-1 00:01:54 - Revenue per dollar of compute 00:02:36 - Net dollar retention and Fortune 500 penetration 00:04:05 - The new slides 00:05:02 - Meta financials and CapEx 00:06:43 - Meta's equity raise and new share class 00:07:24 - Muse launch and the stock selloff 00:08:38 - Operating cash flow versus CapEx 00:10:17 - Muse use…