Author: Isabella Taylor

RootData data shows CeFi raised about $606 million across 8 deals, infrastructure $105 million across 14, and DeFi $90 million. Summary The crypto primary market saw approximately $860 million in disclosed fundraising in April 2026 across 55 deals, with centralized finance (CeFi) dominating capital flows. CeFi, infrastructure, and DeFi led sector allocations with roughly $606 million, $105 million, and $90 million raised, respectively, while prediction markets and AI projects drew a growing number of early‑stage checks. Two exchanges, Vietnamese CEX CAEX and global giant Kraken, accounted for about $580 million, or 67% of the month’s total, underscoring extreme capital concentration…

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…

Zcash price surged more than 40% on Wednesday, briefly touching the $600 mark after Multicoin Capital co-founder Tushar Jain revealed the firm had quietly accumulated a significant position in the privacy-focused cryptocurrency since early 2024.  Summary Zcash price surged more than 40% after Multicoin Capital revealed it had accumulated a major ZEC position since 2024. Investor sentiment strengthened ahead of the FCMP++ upgrade, which aims to expand Zcash’s privacy and scalability capabilities. Technical indicators signaled strong bullish momentum as ZEC broke above key resistance levels and trading volume hit a 2026 high. According to data from crypto.news, Zcash (ZEC) surged…

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…

Large technology firms have begun testing stablecoin-based payouts, with Bitwise’s Matt Hougan saying the early pilots could support growth toward a $4 trillion market by 2030 from roughly $300 billion today. Summary Bitwise CIO Matt Hougan said stablecoin payout pilots by DoorDash and Meta could support market growth toward $4 trillion from about $300 billion today. Tests with Stripe across more than 40 countries and creator payouts on Solana and Polygon show how firms are using stablecoins for global payments without banking intermediaries. According to Hougan, chief investment officer at Bitwise Asset Management, recent payout trials by major platforms have…

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…

Figure Technology Solutions is moving deeper into the U.S. mortgage market with a plan to challenge Fannie Mae and Freddie Mac in first-lien loans. Summary Figure says blockchain can cut mortgage origination costs from $11,000 to about $1,000 per loan. The firm targets sub-$300,000 loans, where traditional mortgage fees can weigh heavily on borrowers. Figure’s push comes as Coinbase and Better prepare crypto-backed mortgage products tied to Fannie Mae. Speaking at Consensus Miami, a conference hosted by CoinDesk, Figure CEO Mike Cagney said the firm can cut mortgage origination costs from about $11,000 through the government-sponsored enterprise channel to about…

Solana Foundation and Google Cloud have launched Pay.sh, a stablecoin payment gateway that lets AI agents access and pay for APIs on a per-request basis. Summary Pay.sh lets AI agents pay for Google Cloud services and APIs using stablecoins on Solana. The service supports per-request payments, helping agents avoid subscriptions, accounts, and minimum spending limits. Solana joins Coinbase, Google, Stripe, and MoonPay in building payment rails for AI agents. The service allows agents to use Solana wallets to pay for Google Cloud tools and other API services without standard accounts, API keys, or subscriptions. Solana said Pay.sh supports Google Cloud…

The Commodity Futures Trading Commission is considering new rules that would protect some non-custodial crypto software developers from broker registration duties. Summary CFTC may turn its Phantom no-action stance into rules for non-custodial crypto software developers soon. The Phantom letter said some self-custody wallet providers may avoid broker registration under stated conditions. Selig also said CFTC will keep suing states over prediction market rules it says breach federal authority. CFTC Chair Michael Selig said the agency wants to turn its March no-action position for Phantom Technologies into formal rules. The move could give wallet builders clearer treatment under U.S. derivatives…