OpenAI shut down Sora after burning $15M daily on inference against $2.1M in total lifetime revenue. The Disney deal collapsed. The pivot to 'Spud' tells you where the real money is.
Stablecoins didn't kill the dollar. They made it portable. USDT and USDC now settle more annually than Visa, and Washington has already legislated the outcome.
Everyone's building agents. Almost nobody's building the infrastructure they need to run at scale. The gap between demo and production is where the real money is.
Per-seat SaaS pricing is breaking under pressure from AI agents, subscription fatigue, and enterprises building in-house. This is not the death of SaaS — it's a repricing of value.
Everyone's building agent infrastructure. Almost nobody has agents generating revenue. The gap between investment and return is the story nobody wants to tell.
ETH can't decide what it is. The market is starting to decide for it — and the answer isn't what the foundation wants to hear.