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1. Magnificent 7 Stocks -19% from Highs…MAGS ETF

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2. Trump Media Stock -35% 2025

Trump and Melania Coins Down -85% and -94%

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3. Tesla -45% from Highs

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4. 27% of Cannabis Businesses are Profitable vs. 42% in 2022

Marijuana-industry research firm Whitney Economics said in a survey released last year that roughly 27% of cannabis businesses are profitable, down from 42% in 2022. Nearly a third are unprofitable, with the rest breaking even. Whitney estimates next year’s debt maturity at roughly $6 billion, based on both public and private multistate operators.  Equity investors have noticed the glut. Cannabis investments by private-equity and venture-capital firms are at their lowest levels in years in both dollar values and deal counts. Last year, U.S. private-equity deals in the sector totaled $260 million, compared with $1.3 billion for all of 2018, deal tracker PitchBook said. Venture-capital deals were $410 million, compared with roughly $3.06 billion in 2019. 

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5. Real Estate Friday

30-Year Mortgage Back Under 7%

The U.S. Housing Market is Worth $50 Trillion

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6. China vs. U.S. Global Trading Partners

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7. Tourism Record 2024

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8. $416,000 - the Average Price for a Ferrari

In 2024, the estimated average cost of a Ferrari was more than $400,000.

While that’s a pretty outrageous amount in isolation, it’s almost more impressive that Ferrari has been able to increase its prices by ~5% per year since 2012.

Formula: Cars & Spare Parts Revenue / Total Shipments.

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9. The Largest Crypto Theft of All Time: Historic $1.4 Billion Bybit Hack Shocks World of Digital Assets

Quick Take:

• Bybit’s massive hack and loss of over $1.4 billion in crypto assets triggered various reactions.

• Elliptic’s Chief Scientist called it “the largest crypto theft of all time, by some margin.”

• Flashbots Strategy Lead Hasu said Bybit should be fine and expects the exchange “will make all customers whole.”

Via The Block: Bybit's massive hack and loss of over $1.4 billion in crypto assets shook the world of digital assets on Friday, triggering multiple reactions.

"This makes it the largest crypto theft of all time, by some margin," Elliptic co-founder and Chief Scientist Tom Robinson told The Block. "The next largest crypto theft would be the $611 million stolen from Poly Network in 2021. In fact it may even be the largest single theft of all time. We've labelled the thief's addresses in our software, to help to prevent these funds from being cashed-out through other exchanges."

On Friday, hackers appeared to steal more than $1.4 billion in ETH from Bybit’s cold wallet, the exchange confirmed. It seems the hacker tricked Bybit’s ETH cold wallet signers into approving a malicious transaction to gain control of the wallet surreptitiously. 

The company's CEO took to social media to reassure the public. 

"Bybit is Solvent even if this hack loss is not recovered, all of clients assets are 1 to 1 backed, we can cover the loss," Bybit CEO Ben Zhou posted to X.

Flashbots strategy lead Hasu also took to X to say that the hack would not lead to the demise of Bybit.

"If you want my serious take, Bybit has way more than 1.4 billion of revenue per year," Hasu wrote. "They are good for the money and will make all customers whole. It doesn't matter for ETH because Bybit will honor customers's ETH liabilities and buy back the assets on open market."

Nonetheless, the amount taken in the attack on Friday was astronomical, even by cryptocurrency standards.Start your day with the most influential events and analysis happening across the digital a

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Last May, the Japanese cryptocurrency exchange DMM Bitcoin suffered the largest crypto hack of 2024 when it lost over 4,500 BTC, valued at over $300 million at the time. FTX lost $477 million in 2022.

Binance founder and former CEO Changpeng Zhao, or CZ, offered assistance in reply to one of Bybit CEO's many posts relaying information related to the hack. "Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed."

Meanwhile, Arkham Intelligence offered a bounty to track down whoever was responsible for the hack.

"We’ve created and funded a bounty to help identify the person or organization behind today’s [over] $1 billion Bybit hack," the firm posted to X. "Submissions to this bounty will be shared with the Bybit team to support their investigation. Reward: 50,000 ARKM."

"This Bybit hack really sucks," trader Julius Stark posted to X. "As pro trader there isn’t a better trading platform with more accurate data and better UI. They are one of the good guys."

Co-founder and CEO of Solana swap platform Titan told The Block: "The Bybit hack shows how important the human component of approving transactions is. If humans cannot easily inspect a proposed transaction in a multi-sig, people eventually approve anything that comes through."

"Given the scale of the alleged exploit, this breach raises serious concerns regarding centralized exchange security and the evolving threat landscape in web3," a CertiK spokesperson told The Block. CertiK is a digital assets auditing firm backed by Sequoia Capital, Tiger Global and Goldman Sachs.

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10. The Key Role of Temperature in Sleep Quality

Psychology Today on the science of optimizing sleep through temperature.

Key points:

• A cooler bedroom supports deep sleep by aligning with the body’s natural temperature drop.

• Ideal sleep temperatures range from 60°F to 67°F (15°C to 19°C) for optimal rest.

• Overheating at night can reduce deep sleep and increase wakefulness.

When it comes to achieving high-quality sleep, factors like light exposure and noise levels often come to mind. However, one of the most crucial yet often overlooked variables is temperature. Research suggests that the temperature of your sleeping environment significantly impacts sleep duration and efficiency and the ability to transition into deep sleep stages. Understanding the relationship between body temperature and sleep can help you optimize your bedroom conditions and improve overall sleep health.

How Temperature Affects Sleep

Our bodies follow a natural circadian rhythm that dictates fluctuations in core body temperature throughout the day. About two hours before bedtime, the body begins to cool down, signaling that it is time to sleep. This physiological process prepares the body for the onset of deep sleep, which is essential for cognitive function, memory consolidation, and overall well-being.

If your sleeping environment is too warm, it can disrupt this natural cooling process, leading to fragmented sleep and frequent awakenings. Conversely, a cooler room can support the body’s natural thermoregulation, making it easier to fall asleep and stay asleep.

The Science Behind the Ideal Sleep Temperature

While personal comfort levels vary, scientific research indicates that most people sleep in environments that are too warm for optimal rest. Studies suggest that an ideal bedroom temperature for sleep falls between 60°F and 67°F (15°C to 19°C), though some research recommends a slightly broader range of 68°F to 77°F (20°C to 25°C).

One large-scale study involving over 34,000 participants found that sleep quality tends to decline as bedroom temperatures exceed 60°F (16°C). Global data also indicates that sleep efficiency drops significantly in temperatures above 50°F (10°C). These findings suggest that even mild increases in ambient temperature can negatively impact sleep duration and depth. In fact, in the largest study of billions of sleep measurements from people in 68 countries, it was found that higher nighttime temperatures across the world are specifically leading to more trouble falling asleep.

Why Warmer Temperatures Disrupt Sleep

When the bedroom is too warm, the body struggles to maintain its natural cooling cycle, leading to alterations in sleep cycles and impaired sleep quality. Two of the major mechanisms include:

Increased Wakefulness: Excessive warmth can lead to frequent awakenings throughout the night, preventing deep and restorative sleep.

Reduced Slow-Wave Sleep: The body requires a cooler environment to enter slow-wave sleep (SWS), the deep sleep phase crucial for brain health and memory consolidation.

How to Keep Your Bedroom Cool for Better Sleep

If you struggle with overheating at night, there are several strategies you can implement to create a cooler sleeping environment:

1. Adjust Your Bedroom Temperature

• Keep the thermostat between 60°F and 67°F (15°C and 19°C) for optimal sleep conditions.

• Use an air conditioner or a fan to promote air circulation and maintain a consistent temperature.

2. Improve Airflow

• Open windows to allow fresh air to circulate, especially in cooler seasons.

• Position a fan near your bed for a gentle cooling effect.

• Use breathable curtains or blinds to block excessive heat from the sun during the day.

3. Choose Cooling Bedding Materials

• Opt for lightweight, breathable fabrics such as cotton, linen, or bamboo for sheets and pillowcases.

• Consider using a cooling mattress or mattress topper designed to regulate body temperature. A smaller but compelling study investigated how overnight temperature regulation influences sleep duration. The results showed that manipulating nighttime temperature could lead to more than 20 minutes of additional sleep per night.

• Sleep with a thinner blanket or remove extra layers of bedding.

4. Wear Breathable Sleepwear

• Avoid heavy or synthetic fabrics that trap heat; instead, opt for loose-fitting cotton or moisture-wicking sleepwear.

5. Optimize Your Nighttime Routine

• While it may seem logical to take a cold shower before bed, doing so can be counterproductive. Cold exposure can activate the sympathetic nervous system, increasing alertness and making it harder to fall asleep.

• Instead, taking a warm shower or bath about an hour before bedtime can promote better sleep. This practice helps the body to cool down naturally by dilating blood vessels, leading to a gradual temperature drop that enhances sleep onset and quality.

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