Author: James Wilson
Spot gold smashed through $4,710 per ounce while silver jumped more than 6%, extending a months‑long precious‑metals rally that is now outpacing most risk assets and reopening the gold‑versus‑Bitcoin safe‑haven debate. Summary Spot gold broke above $4,710 per ounce on Wednesday, with intraday quotes around $4,709.08, a 3.38% gain on the session. Spot silver jumped to $77.46 per ounce, up 6.43% on the day, extending a months‑long surge in precious metals. The move comes as gold and silver repeatedly notch record or near‑record highs, outpacing most risk assets and reigniting the safe‑haven debate versus Bitcoin. Spot gold pushed through the…
SpaceX plans an initial $55 billion Terafab chip and AI megafactory in Grimes County, Texas, as part of Elon Musk’s broader Austin-centered semiconductor and compute build‑out. Summary Local filings in Texas show SpaceX planning an initial $55 billion investment for its Terafab semiconductor and AI super‑factory. The multiphase project in Grimes County is part of Elon Musk’s broader Terafab chip initiative centered around Austin. Earlier disclosures from Musk and media reports had put the Terafab cost at between $20 billion and $25 billion. SpaceX is preparing to pour an estimated $55 billion into the first phase of its Terafab super‑factory…
IBM introduced new enterprise artificial intelligence tools on Tuesday aimed at helping organizations build and manage internal AI systems across hybrid cloud environments. Summary IBM introduced new AI tools to help businesses manage AI systems across hybrid cloud environments. The company launched Context Studio for building AI agents tied to enterprise data, while Process Studio is set to automate legacy operational workflows. IBM also expanded AI partnerships with SAP, AWS, Pearson, and Providence as competition in enterprise AI infrastructure continues to grow. According to a May 6 press release, IBM announced new additions to its IBM Enterprise Advantage and IBM…
Apple is preparing to let users choose from third-party artificial intelligence models for features tied to text and image generation across its upcoming software releases. Summary Apple is reportedly developing an “Extensions” feature that would let users select third-party AI models for Apple Intelligence tools across iOS 27, iPadOS 27, and macOS 27. Internal testing has included AI integrations from Google and Anthropic, while Google’s Gemini is expected to support Apple’s revamped Siri later this year. The AI expansion comes shortly after Apple agreed to a $250 million settlement over claims it overstated the capabilities of Apple Intelligence and Siri-related…
OKX Card users in Europe spent most of their crypto on groceries, dining, and other routine purchases during the product’s first month, according to data released by the exchange. Summary OKX Card data shows groceries and supermarkets accounted for 26% of European crypto card transactions. Restaurants and fast food added 18%, showing crypto payments moved beyond luxury spending habits overall. Country trends varied, with Germany favoring marketplaces and Netherlands leading grocery card use across Europe. The figures cover settled OKX Card transactions across the European Economic Area from Jan. 28 to Feb. 26, 2026. OKX said the data was based…
Crypto bank Anchorage Digital has introduced an agentic banking service that allows AI systems to access and move funds across traditional and crypto payment rails without human intervention. Summary Anchorage Digital has launched an agentic banking service that lets AI agents access and move funds across crypto and traditional payment rails. CEO Nathan McCauley said the system assigns AI agents verified identities, spending limits, and audit controls to meet compliance requirements. The rollout includes a Google Cloud partnership, as firms like Coinbase and the Solana Foundation expand tools for AI-driven payments using stablecoins. According to Anchorage Digital co-founder and CEO…
Defend American Jobs, a crypto-backed PAC linked to Fairshake, has spent more than $500,000 to support a Republican incumbent in Indiana ahead of the state’s primary. Summary Defend American Jobs spent about $514,000 on media to support Representative James Baird in Indiana’s 4th District, according to an FEC filing. Stand With Crypto has rated Baird as strongly supportive of digital assets after his votes on the GENIUS Act and the CLARITY Act. According to a filing submitted Saturday to the US Federal Election Commission, the PAC allocated about $514,000 for media backing Representative James Baird in Indiana’s 4th Congressional District,…
Brad Garlinghouse has warned that recent Senate progress on the CLARITY Act still leaves a narrow window for the bill to move forward. Summary Brad Garlinghouse said the CLARITY Act could lose momentum if the Senate does not act within the next two weeks. Senators Thom Tillis and Angela Alsobrooks reached a stablecoin yield compromise that removes a key hurdle in the bill’s progress. According to Brad Garlinghouse, the next two weeks will determine whether the digital asset market structure bill can advance, as delays risk pushing the issue into the political cycle ahead of the 2026 U.S. midterm elections. …
The Bullish acquisition of Equiniti, announced today, values the transfer agent at $4.2 billion Summary Bullish will acquire Equiniti, a transfer agent serving 3,000 major companies and 20 million shareholders, for $4.2 billion. The deal positions Bullish as the global infrastructure provider for tokenized securities at institutional scale. Equiniti’s existing shareholder registry network gives Bullish immediate reach into the ownership data that tokenized securities require. The Bullish acquisition of Equiniti, announced on May 5, positions the crypto exchange as a core piece of infrastructure for tokenized securities markets. Equiniti currently serves as a transfer agent for 3,000 major companies and…
Crypto asset ETPs just notched a fifth straight week of inflows, lifting five-week net flows above $4B and pushing AUM near $155B despite sharp midweek outflows. Summary CoinShares’ latest weekly report shows global crypto asset ETPs recorded $117.8 million in net inflows last week, marking a fifth consecutive positive week and pushing cumulative five-week inflows above $4 billion. Total assets under management now stand near $155 billion, but flows were highly volatile: $619 million in net outflows from Monday to Thursday flipped to a $117.8 million weekly inflow thanks to a single $737 million surge on Friday. Bitcoin products led…