Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

SpaceX to Raise $75 Billion｜Rewire Evening News Update

SpaceX has filed for a $750 billion IPO, targeting a $1.75 trillion valuation—the largest in history, surpassing the combined U.S. IPO totals for 2024 and 2025. The offering, underwritten by Morgan Stanley and Goldman Sachs, is set for June. In AI infrastructure news, Starcloud raised $170M to deploy orbital data centers with H100 GPUs, while Mistral borrowed $830M to build a Paris data center. Meanwhile, the U.S. faces power constraints, with 7.5GW of wind projects frozen by military reviews. Palantir is deepening its U.S. government ties, working with the IRS to build AI tools for audit targeting and a unified data system, raising privacy concerns. In Iran, tensions escalate as Trump administration rhetoric shifts toward resource control, with military movements reported and oil prices surging. Other updates include DeepSeek’s major outage, Dell’s $25B AI infrastructure growth, and the successful IPO of Chinese robotics firm Huayan. Ethereum Foundation also made a large ETH stake, signaling a strategic shift.

marsbit03/30 19:02

SpaceX to Raise $75 Billion｜Rewire Evening News Update

marsbit03/30 19:02

Bitmine ramps up ETH buys as Strategy pauses Bitcoin accumulation

Bitmine Immersion Technologies significantly accelerated its Ethereum purchases, acquiring 71,179 ETH (worth over $140 million) in the week ending March 29, raising its total holdings to 4.7 million ETH (3.9% of supply). In contrast, Strategy Inc. reported no Bitcoin purchases during the same period, maintaining its position as the largest corporate Bitcoin owner with 762,099 BTC (3.6% of supply). Despite controlling a comparable share of their respective networks, the two firms are adopting divergent strategies: Bitmine is actively accumulating and staking ETH for yield, while Strategy has paused its BTC accumulation. This reflects evolving institutional approaches to crypto treasury management, further evidenced by their differing NAV valuations (0.88x for Bitmine vs. 0.95x for Strategy).

ambcrypto03/30 15:57

Bitmine ramps up ETH buys as Strategy pauses Bitcoin accumulation

ambcrypto03/30 15:57

Hyperliquid Goes To University — This Study Is Now Required Reading For Traders

Hyperliquid's founder Jeff Yan visited Harvard Business School on March 26, where a case study titled "Hyperliquid: The Everything Exchange" was taught to MBA students and regulators. The study examines Hyperliquid’s architecture, governance, and risk controls, focusing on the tension between innovation and systemic risk. Key questions include who controls upgrades and emergency powers, the transparency of order-book operations, and how the platform would handle catastrophic failures. The case also compares Hyperliquid to centralized exchanges like FTX and other DeFi protocols, questioning whether its "core writer" model concentrates too much power. For traders, the study underscores that liquidation and backstop mechanisms are critical in determining loss distribution during high volatility, signaling that DeFi derivatives are now being treated as systemically important.

bitcoinist03/30 14:32

Hyperliquid Goes To University — This Study Is Now Required Reading For Traders

bitcoinist03/30 14:32

Ripple CEO Says XRP Utility Is Company’s ‘North Star’, Acquisitions Overperforming

Ripple CEO Brad Garlinghouse emphasized that enhancing XRP's utility is the company's core guiding principle, or "North Star," driving its product development and acquisitions. He noted that recent acquisitions, including Ripple Treasury and Ripple Prime, have significantly exceeded expectations, with Ripple Prime tripling its revenue. Garlinghouse highlighted a major opportunity in integrating crypto and stablecoin payments into traditional treasury systems, pointing out that $13 trillion in payments were processed last year with zero crypto involvement. He also discussed U.S. crypto regulation, expressing support for the CLARITY Act but revising his expected timeline for its passage to late May, stressing the importance of clear regulations to retain innovation and investment in the U.S.

bitcoinist03/30 07:34

Ripple CEO Says XRP Utility Is Company’s ‘North Star’, Acquisitions Overperforming

bitcoinist03/30 07:34

US Media Reveals the Inside Story of Sora's Shutdown: Losing Millions Daily, User Base Halved, and Facing Talent Poaching from Competitors

OpenAI has abruptly shut down its Sora video-generation tool, a project once hailed as the next consumer AI frontier after ChatGPT. Initially launched with high expectations, including a major partnership with Disney, Sora allowed users to insert themselves into various video scenes. However, it quickly became a significant financial drain, reportedly losing about $1 million daily. Its user base peaked at roughly one million before halving, and it consumed excessive computational resources needed for OpenAI's core priorities, such as its upcoming "Spud" AI model and enterprise productivity tools. Facing stiff competition from rivals like Anthropic and a strategic shift towards AI agents and coding tools ahead of its IPO, OpenAI decided to reallocate resources. Key researchers behind Sora were also targeted in a Silicon Valley talent war, with Meta's CEO personally attempting to recruit them. The shutdown shocked Disney, which had planned to invest $1 billion and use Sora across its operations. The deal has now collapsed, and Disney is exploring other AI partnerships. OpenAI will focus its efforts on robotics and other long-term projects.

marsbit03/30 07:29

US Media Reveals the Inside Story of Sora's Shutdown: Losing Millions Daily, User Base Halved, and Facing Talent Poaching from Competitors

marsbit03/30 07:29

Memory Module Prices Plummet, Memory Stocks Fall Collectively, Has the Memory Super Cycle Peaked?

Memory module prices have plummeted recently, with DDR5 kits in the U.S. seeing discounts of up to $110 and wholesale prices in China dropping sharply. This has triggered a significant sell-off in memory stocks, wiping nearly $100 billion from the sector's market value last week. Analysts are divided on whether this signals the end of the memory "super cycle." Some, like Dan Nystedt, argue that buyer resistance to high prices, especially for DDR4 in smartphones, indicates a classic cyclical peak. However, others, including independent analyst Jukan, contend that the current cycle is structurally different, driven by essential, inelastic demand for high-end DDR5 in AI and premium devices, with manufacturers now operating models that prevent reckless overcapacity expansion. Investment bank HSBC remains bullish, calling the recent sell-off an overreaction and stating that the AI-driven super cycle is only at its midpoint. It argues that efficiency technologies like Google's TurboQuant will accelerate, not hinder, AI adoption and demand, and it forecasts strong growth in AI server shipments and enterprise SSD demand through 2027. It views any price pullback as a buying opportunity.

marsbit03/30 07:29

Memory Module Prices Plummet, Memory Stocks Fall Collectively, Has the Memory Super Cycle Peaked?

marsbit03/30 07:29

2.1 Gigawatt Computing Power Aircraft Carrier Sets Sail! Microsoft Takes Over Texas AI Factory Project, Moves into Same Campus as OpenAI

In the global AI computing race, Abilene, Texas, is emerging as a key strategic hub. Microsoft has officially taken over a large-scale data center construction project originally initiated by OpenAI. The collaboration, led by data center developer Crusoe, will see Microsoft and OpenAI as neighbors in the same campus. The project will feature two new state-of-the-art "AI factory" data centers, supported by a dedicated 900-megawatt power plant. With Microsoft’s involvement, the campus will expand to a total of 10 data center buildings, reaching a total computing capacity of 2.1 gigawatts. Notably, OpenAI has decided to halt further expansion at the Abilene site and will instead distribute new computing resources across other U.S. locations to optimize grid load and resource allocation. The campus already hosts major players like Microsoft, OpenAI, and Oracle. The 2.1-gigawatt scale signifies a shift from gigawatt-level to larger computing clusters, enabling improved energy sharing and reduced latency for AI model training. This transformation positions Abilene as a critical hub in global AI infrastructure, with physical proximity between Microsoft and OpenAI likely accelerating the development of next-generation large-scale AI models.

marsbit03/30 05:54

2.1 Gigawatt Computing Power Aircraft Carrier Sets Sail! Microsoft Takes Over Texas AI Factory Project, Moves into Same Campus as OpenAI

marsbit03/30 05:54

Funding Weekly Report | 15 Public Funding Events, Intercontinental Exchange Invests Additional $600 Million in Polymarket

Last week (March 23-29) saw 15 blockchain funding rounds totaling over $767 million. Key deals include a $240 million seed round for DeFi protocol Kairos Labs, led by 6th Man Ventures. In AI+Web3, Origins Network raised $8 million with backing from Animoca Brands. Infrastructure saw a major deal as Startale Group, co-developer of Soneium, secured $63 million in a Series A. CeFi highlights include Tazapay's $36 million Series B extension led by Circle Ventures. The largest single investment was Intercontinental Exchange's (ICE) additional $600 million cash injection into prediction market Polymarket. Other notable raises included an $8.6 million round for luxury watch raffle platform watch.fun and a $5 million pre-seed for on-chain lottery project Megapot.

marsbit03/30 02:53

Funding Weekly Report | 15 Public Funding Events, Intercontinental Exchange Invests Additional $600 Million in Polymarket

marsbit03/30 02:53

From Utopian Narratives to Financial Infrastructure: The 'Disenchantment' and Pivot of Crypto VC

From Utopian Narratives to Financial Infrastructure: The Disenchantment and Pivot of Crypto VC The crypto industry, once championing "blockchain, not Bitcoin" and a broad Web3 vision, is now seeing venture capital flow overwhelmingly into pragmatic financial applications, particularly stablecoin payments. Following the decline of the Web3 and NFT boom in the early 2020s, investment has cooled for many sectors but surged for payment infrastructure. Key signals include Stripe's $1.1 billion acquisition of Bridge and Mastercard's $1.8 billion purchase of BVNK. Data from Architect Partners shows funding for crypto payment companies skyrocketed to $2.6 billion in 2025, exceeding the total of the previous three years combined. In contrast, funding for decentralized applications (DApps) and blockchain gaming has collapsed. The total private crypto funding reached $20.4 billion in 2025, still below the 2022 peak of $27.6 billion. Stablecoins, like USDT and USDC, are now seen as a breakthrough application, with their annual transaction volume soaring 72% to $33 trillion in 2025. Their core appeal is enabling efficient, real-time global value transfer, solving long-standing issues of cost and speed in cross-border payments. However, the industry faces significant challenges from established "gatekeepers" like Visa and Mastercard, which control terminal access. The piece also notes the declining market share of Binance and the emergence of new products like Franklin Templeton's tokenized ETF with Ondo Finance, which allows for 24/7 trading. A commentator starkly observes that the line between investing and gambling has been completely erased, with a significant portion of new ETFs being leveraged or crypto-related funds. The narrative has shifted from utopian rebuilding to building financial infrastructure.

marsbit03/30 01:45

From Utopian Narratives to Financial Infrastructure: The 'Disenchantment' and Pivot of Crypto VC

marsbit03/30 01:45

Siri's "Androidization" Turning Point? iOS 27 to Launch AI App Store, Supporting Free Installation of Third-Party Bots

Apple is reportedly planning a major strategic shift for Siri and its AI ecosystem with iOS 27, moving towards a more open platform. According to Mark Gurman, the core of this strategy involves a "two-pronged" approach: deeply integrating its own Apple Intelligence while also opening Siri's underlying interfaces to third-party services. A key feature will be the introduction of a dedicated "AI App Store" section. This will allow users to freely install and use various third-party AI chatbots, not just ChatGPT, directly within Siri, functioning like an AI plugin marketplace. To bolster its capabilities, Apple is also considering deeply integrating Google's Gemini technology to enhance Siri and other system-level AI functions. This complementary strategy allows Apple to avoid direct competition with leading model developers and instead leverage external products to address its own weaknesses. The business logic behind this move is to defend its hardware dominance by offering a highly customizable AI experience to prevent users from switching to Android. Furthermore, Apple stands to generate significant revenue by applying its standard App Store commission model to subscriptions for these third-party AI services. This new AI vision is expected to be unveiled at WWDC26. This potential shift from a "walled garden" to an open "AI port" represents a significant change in Apple's philosophy, aiming to redefine smartphone interaction by making Siri a super-container for the world's best AI models.

marsbit03/30 01:18

Siri's "Androidization" Turning Point? iOS 27 to Launch AI App Store, Supporting Free Installation of Third-Party Bots

marsbit03/30 01:18

活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow

Project Updates

Market Analysis