Top YouTuber Becomes Banker? MrBeast Acquires Teen-Focused Financial App Step, Officially Entering the Financial Services Arena
February 10 — Top internet celebrity and mega YouTuber MrBeast announced his team will acquire youth-focused financial app Step, marking the Beast ecosystem’s official entry into financial services.
He noted he never learned about investing, credit building, or financial planning growing up — which is why he’s partnering with Step, aiming to give millions of young people the financial foundation he lacked at their age.
The acquisition (Step’s core user base is Gen Z) follows clear logic: As Gen Z enters adulthood, demand for financial education, budgeting tools, and long-term investing will surge — and MrBeast and his team have a natural edge in delivering those resources and leveraging their influence.
Dragonfly investor Omar commented that MrBeast could funnel his massive global audience into a “Beast Bank” system, with potential reach topping 1 billion users. Step’s offerings include savings accounts, instant small loans, credit-building tools, and high cashback rates — a m
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The ETF Store President: Spot Ethereum ETF Buyer's ETH Cost Basis Reaches as High as $3,500
On February 10th, The ETF Store President Nate Geraci noted in a post that "the average holding cost per ETH for Ethereum spot ETF buyers is around $3,500, while the current price of Ethereum sits at roughly $2,100. The past six months have been pretty brutal."
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Reuters Warns: Trump's Economic Messaging Chaos May Drag Down Republican Midterm Hopes
**Trump’s Inflation, Economic Claims Out of Touch—Risks GOP Midterms: Reuters**
Reuters analysis published Feb. 10 finds former President Donald Trump’s talks about inflation and the cost of living are out of touch with reality, endangering the GOP’s upcoming midterm elections.
Multiple Republican strategists and former administration economic officials warn Trump may be repeating the mistakes President Biden made during high inflation, eroding his and the party’s credibility on voters’ top economic concerns.
Since last December, in five economic speeches, Trump has claimed nearly 20 times inflation is defeated and 30 times prices are falling—but public perception and actual data don’t support these claims. Inflation has hovered near 3% over the past year, while everyday costs keep rising: ground beef is up 18% year-over-year, ground coffee 29%.
Reuters’ review of roughly five hours of his speeches found nearly half the time strayed from economic topics, shifting to immigra
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Vitalik Revisits Ethereum and AI: Opposes "Indiscriminate Acceleration," Advocates for Decentralization and Privacy Shaping the Future of AI
**February 10th**
Ethereum co-founder Vitalik Buterin published an article this morning updating his framework for thinking about the intersection of Ethereum and artificial intelligence (AI). He emphasized that artificial general intelligence (AGI) should not be pursued via "blanket acceleration"—instead, the values of crypto and AI must be deeply integrated to build an AI future that advances human freedom, security, and decentralized cooperation.
Buterin pushed back against the misconception that AI is a competition where "whoever achieves AGI first dominates." He argued that both Ethereum’s evolution and humanity’s approach to AGI hinge on choosing the right direction, not blindly speeding up technological progress. Core goals include:
- Preventing AI from marginalizing humans or entrenching permanent disempowerment through unavoidable power structures;
- Mitigating systemic risks from out-of-control AI or imbalanced offense-defense dynamics.
### Medium-Term Priority Di
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Nearly $2 Billion Daily Profit? Japanese Stocks Soar, Buffett Benefits Again
Monday, February 10
The Nikkei 225 index surged more than 2,000 points on Monday, hitting the 56,000-point mark for the first time ever—pushing the value of Berkshire Hathaway’s Japanese assets (its stakes in five major trading houses) above $41 billion.
Since 2019, Warren Buffett—who stepped down as Berkshire’s CEO—has placed a series of large bets on Japanese stocks. Monday’s sharp Tokyo rally lifted shares of those related firms, delivering a nearly $2 billion unrealized gain in one day.
Per Berkshire Hathaway’s financial filings, the investment cost was approximately $13.8 billion, meaning the holding has nearly doubled in value.
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Goldman Sachs Warning: Hedge Funds Record Short on US Stocks, AI Impact Concerns Trigger Market Volatility
On February 10, Goldman Sachs warned that hedge funds are ramping up short positions on U.S. stocks amid growing concerns that artificial intelligence (AI) could disrupt traditional business models.
Data shows nominal short interest in individual U.S. stocks hit a new 2016 high last week.
Goldman’s prime brokerage team noted in a client report that hedge funds’ short trade volume was roughly 2:1 relative to long trades between Jan. 30 and Feb. 5. Overall, hedge funds have been net sellers of U.S. stocks for four straight weeks, with outflows hitting their highest level since early April 2023.
Market volatility is closely tied to AI’s rapid advancement. Reports note a concentrated sell-off was triggered after Anthropic rolled out a new tool automating tasks across multiple industries. In total, 164 stocks across sectors including software, financial services and asset management lost roughly $611 billion in market value last week.
While U.S. stocks rebounded on dip buying Fr
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