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On April 29, Iranian reports indicated that Pakistan has launched 6 land routes to Iran, circumventing the trade blockade caused by tensions in the Hormuz region, thereby opening an alternative route for thousands of containers. (CGTN)

[Iranian Media: Pakistan Launches 6 Land Routes to Iran, Easing Trade Blockade]On April 29, Iranian reports indicated that Pakistan has launched 6 land routes to Iran, circumventing the trade blockade caused by tensions in the Hormuz region, thereby opening an alternative route for thousands of containers. (CGTN)

Iranian Media: Pakistan Launches 6 Land Routes to Iran, Easing Trade Blockade

On April 29, Cointelegraph reported that the total value of Solana's RWA ecosystem has reached a historic high of approximately $2.5 billion.

[Solana's RWA Ecosystem Total Value Reaches Historic High of Approximately $2.5 Billion]On April 29, Cointelegraph reported that the total value of Solana's RWA ecosystem has reached a historic high of approximately $2.5 billion.

Solana's RWA Ecosystem Total Value Reaches Historic High of Approximately $2.5 Billion

On April 29, billionaire hedge fund manager Paul Tudor Jones stated that Bitcoin is the 'best inflation hedge tool' and warned that stock valuations are too high.

[Paul Tudor Jones: Bitcoin is the 'Best Inflation Hedge Tool']On April 29, billionaire hedge fund manager Paul Tudor Jones stated that Bitcoin is the 'best inflation hedge tool' and warned that stock valuations are too high.

Paul Tudor Jones: Bitcoin is the 'Best Inflation Hedge Tool'

During his state visit to the United States, King Charles III met with six leaders of the American tech industry at Blair House in Washington: NVIDIA CEO Jensen Huang, Amazon founder Jeff Bezos, Apple CEO Tim Cook, AMD CEO Lisa Su, Salesforce CEO Marc Benioff, and Alphabet President Ruth Porat. The discussion focused on the challenges of funding for university spin-off startups in the UK. Charles remarked that these entrepreneurs 'always have the hardest time starting out, as they fall into a terrible valley of death.' Huang responded that there are enormous opportunities in AI and quantum robotics, and that the UK needs a more active venture capital and startup culture. Charles added, 'You are all deadly competitors,' to which Huang replied, 'No one has to die,' prompting Charles to ask, 'Really?' and laughter ensued. Bezos shared a story about founding Amazon in 1995, where he could only raise $50,000 at a time and was rejected by 40 investors. Charles commented, 'Those 40 people are regretting it now,' comparing the missed investment in Amazon to publishers who turned down 'Harry Potter' at the time. Last September, during Trump's visit to the UK, companies like Microsoft, NVIDIA, Google, and OpenAI pledged to invest £31 billion (approximately $42 billion) in the UK over the coming years, covering areas such as AI, quantum computing, and civil nuclear energy. That evening, the aforementioned tech leaders attended a state dinner hosted by the White House for Charles.

[King Charles Meets Six Tech CEOs to Discuss UK Startup Funding]During his state visit to the United States, King Charles III met with six leaders of the American tech industry at Blair House in Washington: NVIDIA CEO Jensen Huang, Amazon founder Jeff Bezos, Apple CEO Tim Cook, AMD CEO Lisa Su, Salesforce CEO Marc Benioff, and Alphabet President Ruth Porat. The discussion focused on the challenges of funding for university spin-off startups in the UK. Charles remarked that these entrepreneurs 'always have the hardest time starting out, as they fall into a terrible valley of death.' Huang responded that there are enormous opportunities in AI and quantum robotics, and that the UK needs a more active venture capital and startup culture. Charles added, 'You are all deadly competitors,' to which Huang replied, 'No one has to die,' prompting Charles to ask, 'Really?' and laughter ensued. Bezos shared a story about founding Amazon in 1995, where he could only raise $50,000 at a time and was rejected by 40 investors. Charles commented, 'Those 40 people are regretting it now,' comparing the missed investment in Amazon to publishers who turned down 'Harry Potter' at the time. Last September, during Trump's visit to the UK, companies like Microsoft, NVIDIA, Google, and OpenAI pledged to invest £31 billion (approximately $42 billion) in the UK over the coming years, covering areas such as AI, quantum computing, and civil nuclear energy. That evening, the aforementioned tech leaders attended a state dinner hosted by the White House for Charles.

King Charles Meets Six Tech CEOs to Discuss UK Startup Funding

On April 29, Japanese listed company Remixpoint (3825.T) increased its holdings by 19.72 Bitcoins, bringing its total to 1,471 Bitcoins. It currently ranks 39th among the top 100 Bitcoin companies.

[Remixpoint Increases Bitcoin Holdings by 19.72, Totaling 1,471 Bitcoins]On April 29, Japanese listed company Remixpoint (3825.T) increased its holdings by 19.72 Bitcoins, bringing its total to 1,471 Bitcoins. It currently ranks 39th among the top 100 Bitcoin companies.

Remixpoint Increases Bitcoin Holdings by 19.72, Totaling 1,471 Bitcoins

On April 29, the official announcement stated that the gaming blockchain Ronin will migrate to Ethereum Layer 2 on May 12. There will be an approximately 10-hour downtime for on-chain operations, and normal operations will resume after the migration is complete. The underlying architecture will be built on OP Stack and will integrate EigenDA as the data availability layer. Users are advised to unstake RON before the migration date on May 12, or the system will automatically unstake for users after the migration is completed. The core goal of this migration is to leverage Ethereum's security, data availability, and finality capabilities, while injecting mature on-chain gaming infrastructure into the Ethereum ecosystem. As the underlying network for well-known on-chain games like Axie Infinity and Pixels, this move is seen as a significant milestone in its ecological development. After the migration, the annual inflation rate of RON will be reduced from over 20% to below 1%, and the treasury will gain continuous revenue from staking, Sequencer net profits, and Marketplace fees (increasing from 0.5% to 1.25%).

[Ronin to Migrate to Ethereum as OP Stack L2, RON Inflation to Drop Below 1%]On April 29, the official announcement stated that the gaming blockchain Ronin will migrate to Ethereum Layer 2 on May 12. There will be an approximately 10-hour downtime for on-chain operations, and normal operations will resume after the migration is complete. The underlying architecture will be built on OP Stack and will integrate EigenDA as the data availability layer. Users are advised to unstake RON before the migration date on May 12, or the system will automatically unstake for users after the migration is completed. The core goal of this migration is to leverage Ethereum's security, data availability, and finality capabilities, while injecting mature on-chain gaming infrastructure into the Ethereum ecosystem. As the underlying network for well-known on-chain games like Axie Infinity and Pixels, this move is seen as a significant milestone in its ecological development. After the migration, the annual inflation rate of RON will be reduced from over 20% to below 1%, and the treasury will gain continuous revenue from staking, Sequencer net profits, and Marketplace fees (increasing from 0.5% to 1.25%).

Ronin to Migrate to Ethereum as OP Stack L2, RON Inflation to Drop Below 1%

On April 29, Japanese Prime Minister Sanae Takaichi posted on social media stating: We have confirmed that a vessel associated with Japan, which was previously stranded in the Persian Gulf, safely passed through the Strait of Hormuz on April 29 and has now exited the Persian Gulf, heading towards Japan. There are three Japanese crew members on board. Japan has consistently maintained that it is essential to ensure the safe and free navigation of all vessels, including Japanese ships, in the Strait of Hormuz as soon as possible. Japan will seize every opportunity to engage with Iran. I have personally conveyed our position to Iranian President Ebrahim Raisi. (Tokyo News Agency)

[Japan Confirms a Japanese Super Tanker Has Safely Passed Through the Strait of Hormuz]On April 29, Japanese Prime Minister Sanae Takaichi posted on social media stating: We have confirmed that a vessel associated with Japan, which was previously stranded in the Persian Gulf, safely passed through the Strait of Hormuz on April 29 and has now exited the Persian Gulf, heading towards Japan. There are three Japanese crew members on board. Japan has consistently maintained that it is essential to ensure the safe and free navigation of all vessels, including Japanese ships, in the Strait of Hormuz as soon as possible. Japan will seize every opportunity to engage with Iran. I have personally conveyed our position to Iranian President Ebrahim Raisi. (Tokyo News Agency)

Japan Confirms a Japanese Super Tanker Has Safely Passed Through the Strait of Hormuz

On April 29, CITIC Securities International released a report indicating that OpenAI, Microsoft, and Amazon are restructuring their cooperation. Microsoft has terminated its exclusive rights to use OpenAI's models and adjusted the partnership to a non-exclusive agreement effective until 2032. The cooperation model has shifted from an indefinite partnership linked to AGI to a fixed-term collaboration. Overall, this adjustment signifies a transition in the AI industry from 'cloud platform lock-in' to a more open multi-cloud model, enhancing competition between cloud providers and large models, while also offering enterprise clients greater flexibility in model and infrastructure combinations. Marginally, the report suggests that this is more beneficial for Amazon and Google’s cloud businesses, allowing them to access OpenAI models while reinforcing their neutral AI infrastructure strategy with multiple models and partners. For Microsoft, the report takes a more neutral and balanced view of the deal. The negative aspect is that losing exclusive cooperation with OpenAI weakens Azure's differentiated advantage in the AI sector, which may somewhat hinder the marginal growth elasticity of its cloud business. Positive factors include better financial terms, ongoing large-scale Azure resource consumption, and continued ownership of approximately 27% of OpenAI's shares, participating in its long-term growth. Additionally, this arrangement opens up more potential financing channels for OpenAI, somewhat safeguarding Microsoft's existing investment value in OpenAI.

[CITIC Securities International: Microsoft and OpenAI Update Cooperation Agreement, Positive Outlook for Amazon and Google]On April 29, CITIC Securities International released a report indicating that OpenAI, Microsoft, and Amazon are restructuring their cooperation. Microsoft has terminated its exclusive rights to use OpenAI's models and adjusted the partnership to a non-exclusive agreement effective until 2032. The cooperation model has shifted from an indefinite partnership linked to AGI to a fixed-term collaboration. Overall, this adjustment signifies a transition in the AI industry from 'cloud platform lock-in' to a more open multi-cloud model, enhancing competition between cloud providers and large models, while also offering enterprise clients greater flexibility in model and infrastructure combinations. Marginally, the report suggests that this is more beneficial for Amazon and Google’s cloud businesses, allowing them to access OpenAI models while reinforcing their neutral AI infrastructure strategy with multiple models and partners. For Microsoft, the report takes a more neutral and balanced view of the deal. The negative aspect is that losing exclusive cooperation with OpenAI weakens Azure's differentiated advantage in the AI sector, which may somewhat hinder the marginal growth elasticity of its cloud business. Positive factors include better financial terms, ongoing large-scale Azure resource consumption, and continued ownership of approximately 27% of OpenAI's shares, participating in its long-term growth. Additionally, this arrangement opens up more potential financing channels for OpenAI, somewhat safeguarding Microsoft's existing investment value in OpenAI.

CITIC Securities International: Microsoft and OpenAI Update Cooperation Agreement, Positive Outlook for Amazon and Google

On April 29, according to official news, the decentralized AI computing protocol Gensyn's token AI will be launched today, April 29.

[Gensyn Announces Token AI Launch Today]On April 29, according to official news, the decentralized AI computing protocol Gensyn's token AI will be launched today, April 29.

Gensyn Announces Token AI Launch Today

On April 28, American Bitcoin mining company Core Scientific announced plans to upgrade its mining facility located in Pecos, Texas, into a high-density data center park focused on AI, with a total power capacity target of 1.5GW, of which approximately 1GW will be available for external leasing. Core Scientific stated that around 300MW of power resources originally allocated for Bitcoin mining have been reallocated to the AI data center business, with the first data center facility's infrastructure already completed and the initial computing capacity expected to go live in early 2027. Meanwhile, the company has also secured an additional 300MW power contract and plans to further expand through a behind-the-meter power supply scheme. To support this construction, Core Scientific has purchased over 200 acres of land locally. Additionally, Core Scientific announced last week its intention to issue $3.3 billion in senior secured notes maturing in 2031 to finance the expansion of data centers in Texas, Georgia, North Carolina, and Oklahoma. In March of this year, the company also secured a $1 billion credit line from Morgan Stanley. As Bitcoin mining profits come under pressure, an increasing number of mining companies are transitioning to AI infrastructure. Previously, MARA Holdings acquired a 64% stake in French infrastructure company Exaion to expand into AI services; companies like Hut 8, TeraWulf, and Hive Digital Technologies are also converting their mining facilities into AI data centers.

[Core Scientific Bets on AI: Transforming 300MW Bitcoin Mine into AI Data Center with Expansion Goal of 1.5GW]On April 28, American Bitcoin mining company Core Scientific announced plans to upgrade its mining facility located in Pecos, Texas, into a high-density data center park focused on AI, with a total power capacity target of 1.5GW, of which approximately 1GW will be available for external leasing. Core Scientific stated that around 300MW of power resources originally allocated for Bitcoin mining have been reallocated to the AI data center business, with the first data center facility's infrastructure already completed and the initial computing capacity expected to go live in early 2027. Meanwhile, the company has also secured an additional 300MW power contract and plans to further expand through a behind-the-meter power supply scheme. To support this construction, Core Scientific has purchased over 200 acres of land locally. Additionally, Core Scientific announced last week its intention to issue $3.3 billion in senior secured notes maturing in 2031 to finance the expansion of data centers in Texas, Georgia, North Carolina, and Oklahoma. In March of this year, the company also secured a $1 billion credit line from Morgan Stanley. As Bitcoin mining profits come under pressure, an increasing number of mining companies are transitioning to AI infrastructure. Previously, MARA Holdings acquired a 64% stake in French infrastructure company Exaion to expand into AI services; companies like Hut 8, TeraWulf, and Hive Digital Technologies are also converting their mining facilities into AI data centers.

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Article

Core Scientific Bets on AI: Transforming 300MW Bitcoin Mine into AI Data Center with Expansion Goal of 1.5GW

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