What if the biggest $POL catalyst isn't a single announcement?
What if it's thousands of developers gradually building a more connected blockchain economy?
That's how network effects are born.
Slow at first.
Then impossible to ignore.
The Block joins Avalanche Summit as an official media partner.
Two days of interviews with the founders and executives building onchain finance, published from the floor as they happen.
On the record, @TheBlockCo live from NYC.
Introducing the Creator Grant Program
We're backing independent creators with up to $4,000 to make great content about Base, our ecosystem, and builders
Learn more ↓
🔥 JUST IN: 25,200 $INJ has been permanently removed from circulation with the conclusion of the September Community BuyBack.
Thanks to all the ninjas that participated. Head over to the Injective Hub to claim your rewards!
They fear the man who will go without desires for what must be done as he can not be owned.
They want you addicted to something, so they can use it against you.
They fear no man who takes drugs and drinks alcohol.
The second you need nothing - they jail you.
Bitcoin at $70k and the panic posts are already flowing.
I've watched this movie five times since 2011.
I bought at $2 when $32 was "the top." Same feeling. Same noise.
Spoiler: people who buy during panic usually thank themselves later.
안녕하세요 🇰🇷
#BNBSeoul returns on October 2, bringing builders and the community together to connect and a closer look at what’s happening across the BNB ecosystem.
Register here: https://t.co/1zjsVQXvpB
NEW: Wyoming is expanding its Chainlink partnership to provide near-real-time, onchain verification of the reserves backing $FRNT, the first stable token issued by a U.S. state.
Grok Bot summary of NVIDIA CEO Jensen Huang’s fireside chat at today’s G20 Meeting:
Power, data centers, and infrastructure
- He said AI has turned a corner: it is now productive infrastructure, like energy or the internet, not just phones and PCs.
- Energy is the bottom of the stack. You cannot produce intelligence without it. These systems turn electricity into mathematics, then into something you can sell.
- Compute is priced like power: dollars per million tokens, the way energy is dollars per kilowatt-hour.
- A data center is land, power, and a shell. Plug energy in, and money starts coming out.
- Every country needs this the way it needs water, roads, electricity, and the internet. Local capacity is what activates researchers, students, startups, and industry.
- US edge he cited: pro-energy growth and faster regulation. This year, close to a trillion dollars into US infrastructure, and jobs across chip fabs, computer plants, and “AI factories.”
- Scale: one gigawatt of this infrastructure is about $50–60 billion (old-school, a $25 billion chip fab felt huge). NVIDIA’s plan: 100 gigawatts by the end of the decade.
AI as a growth engine
- The “token” is just a number produced by a lot of computation. String enough of them together and you get an image, a paragraph, an answer, or a new idea. That is how you put a price on intelligence.
- Once you use it, the value is obvious: more productive workers, more capable engineers, faster education for young populations, a quicker lift for countries building science and tech.
- For 50 years, computers were a tool for maybe 10–20 million people who knew how to program. Now anyone can program a computer in human language. He called that the great equalizer.
- AI is a five-layer cake: energy, chips, data-center infrastructure, models, then data and applications. The US is trying to lead the whole cake. Other countries do not have to win every layer. They should pick where to invest, and push adoption into education, healthcare, manufacturing, and science.
- NVIDIA’s pitch: it runs American models, international models, and models in biology, chemistry, physics, and robotics.
- AGI in the next couple of years, and he argued we are practically there now. That does not mean a company plugs into an API and becomes productive overnight. Even a brilliant MIT hire still needs context, purpose, and a harness around them. Same for AI.
- Tasks get automated. The job’s purpose (context, meaning, direction) stays. People get supercharged, not replaced. “All the jobs disappear” he called nonsense.
- Use off-the-shelf AI where you can, but every country and company still has to build some of its own intelligence. Do not outsource all of it.
- Next 5–10 years: things that took 10 years take 1; things that took a year take a month. First time innovators talk about adding $20–50 trillion of benefit to a $100 trillion industry.
Robotics and physical AI
- AI starts as software. What made LLMs useful was putting an “agent harness” around them: retrieval, working memory, tools, collaboration.
- Put that agent in a body and it is a robot. Four wheels: a self-driving car. A manipulator: pick-and-place. Also grocery and logistics vehicles, surgical robots, autonomous drug-discovery labs.
- Same idea throughout: a large language model plus an agentic system, using digital tools or physical ones.
How countries should play it
- Treat AI as infrastructure, then actually build some of it at home.
- You do not have to invent every layer. You do have to get AI into your own industries.
- The real risk is not using it and getting left behind.
Safety and regulation
- New tech always looks like magic. Building it is engineering, and the people building it own safety, the way they do for cars and planes.
- He wants the tech to advance faster, because advancement is what made it safer (less hallucination, grounded in real truth).
- Balance fear-and-safety talk with prosperity talk. Airline analogy: passengers did not want ads about whose plane was safer. They wanted new destinations. Safety is the builder’s job, not the public’s daily burden.
- Regulate actual, pragmatic harm, not hypothetical harm. Fold AI into agencies that already exist (FDA, NHTSA, and the rest) instead of inventing a freeze on early S-curve tech.
Why GPUs, in his telling
- A GPU is a general-purpose parallel processor: physics, chemistry, graphics, and AI.
- 14th-generation architecture, in clouds, on-prem, at the edge, in robots and cars.
- Because a gigawatt costs $50–60 billion, you want an architecture that is fungible and durable. If models change (and they are changing fast), a too-specialized chip can obsolete the whole investment. That, he said, is why NVIDIA’s growth is accelerating.
CZ says “hot money” is starting to flow back from AI into crypto
Earlier this year, CZ argued that the enormous AI investment boom was pulling speculative capital away from crypto, contributing to the market’s weakness
Now he believes that rotation is beginning to reverse, adding: “The money industry is not going away. You (and AI) will still need money”