Kiwi News: handpicked crypto news for builders

Expanding on why I believe "ETH as store of value (SoV)" makes much more sense to focus on than "ETH as fee-burning token". Three primary reasons: 1. ETH as fee-burning token never was as strong as it seemed 2. Optimizing for ETH as fee-burning token would demand Ethereum and ETH function in ways that are very hard to make compatible with decentralization and capture resistance. 3. Meanwhile, optimizing for ETH as SoV is aligned with Ethereum focusing on its unique strengths (decentralization and CROPS) EIP-1559 (including its burn) is fine and good, we should keep them. But we should not feel sad if fee burn is < 10% of breakeven indefinitely; the value of ETH comes from elsewhere. The core idea: the big thing that people appreciate about Ethereum is decentralization and CROPS. The main pragmatic benefit that these things translate into is stability. SoV is the category where that is not an unneeded extra we merely put effort into for ideological reasons, but rather a pragmatic strength from the perspective of people putting in their assets. And in the era of AI disruption, stability will be highly valued.

I know this is a predictable opinion from me but I don't agree with the strong emotional reaction against the anti-data-center movements that I've seen this week. As I see it, algorithmic progress means that whatever you would be able to do with more and bigger data centers in 2 years, you will be able to do with the data centers we have today in 4 years - probably sooner. So nothing remotely apocalyptically bad will happen from even extreme levels of success by anti-data-center people. Meanwhile we need all the time we can get to better harden the world against both already-visible cybersecurity issues and any bio and other risks soon to come. Science applications are bottlenecked by many things other than AI, so slowing AI down by one year will slow those down by much less than one year. Given this, a slowdown in compute hyper-scaling seems quite net good? Notice this is without any controversial "doomer arguments", RSI etc. Even if net-bad, it's certainly not worse than like 10+ other political things.

The US government spent billions building a chip embargo and cyber fortress around Nvidia. Her name was Alice Huang (Huang Le). She walked into a Taipei whiskey bar, got close to CEO Jensen Huang, and routed $4.8 billion of Nvidia AI hardware through a Singapore firm in 20 months. This is the story of Alice Huang and how a 5,000-year-old human exploit bypassed a $3.5 trillion tech giant that's guarded like a military base. 2023 - June 2024 - Chinese mobile gaming firm 7Road spins out a new data center startup in Singapore called Megaspeed - Alice Huang, a former TV reporter in China with no family relation to Jensen Huang, steps in as managing director - during the June 2024 Computex conference in Taipei, she bets tech executives at a whiskey bar that she can get the Nvidia CEO to show up - shortly after 12:00 AM midnight, 63-year-old Jensen Huang walks in wearing his black leather jacket and sits right beside her for the rest of the night June 2024 - February 2026 - while Washington blocks H100 and B200 chip exports and bans ASML EUV lithography machines from China, Megaspeed becomes a massive buyer - trade records tracked by The New York Times show Megaspeed and its Malaysian sister firm buy $4.8 billion worth of Nvidia AI hardware - at least $2 billion in advanced chips flow through Malaysia into Indonesian data centers where Chinese tech giant Alibaba rents the compute capacity May 2025 - Jensen Huang and Alice Huang are photographed leaving the San Liu Shi Fu restaurant in Taipei on May 23, with Alice walking right behind him in a pink dress holding a glass of red wine - after monitoring Alice Huang for over 1 year, US intelligence agencies circulate a classified assessment concluding she was recruited by China's Ministry of State Security (MSS) - when intelligence officers unmask the American citizen on her intercepted phone calls, the name comes back as Jensen Huang October 2026 - Today - Nvidia initially dismisses federal probes in the US, Singapore, and Taiwan by calling the meetings "completely normal and not unusual" - on November 8, 2026, after The New York Times and Financial Times expose the romantic relationship, Jensen Huang emails 30,000+ employees admitting he was unfaithful to his wife of 43 years: "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry." To this day, Nvidia's Board of Directors is investigating whether its own CEO was compromised by a foreign spy operation, while Kalshi prices a 20% chance he steps down before 2029. You can spend billions locking down silicon wafers, export controls, and enterprise firewalls. Across 5,000 years of espionage, when encryption becomes unbreakable, the biggest zero-day vulnerability on the planet is still human biology.

With the idea of 111k it’s hard to fathom making 111,111 interesting and unique images. When you make NFTs within the same mindset as artists do in our scene, you tend to reinvent your art style or find a new format to make something still engaging with collectors & yourself. 🩸🪡⤵️