BlockAI News editorial desk — breaking stories and market signals from the Web3 × AI frontier.
AI
SpaceX is reportedly weighing an investment of up to $119B in a vertically integrated semiconductor facility dubbed 'Terafab' in Texas — a move that would rank among the largest single chip-manufacturing bets in US history and signal Elon Musk's push toward full-stack AI hardware independence.
AI
SpaceX and xAI will supply compute infrastructure for Anthropic's Claude models in an unexpected cross-industry alliance — signaling that the race for AI capacity is now forcing rivals to set aside competitive tensions and share the hardware stack that determines who wins the intelligence era.
AI
Anthropic has signed SpaceX to supply the full compute capacity of the Colossus 1 data center — a deal that lands weeks before Anthropic's expected June IPO and signals the AI lab is racing to lock in infrastructure muscle before public markets weigh in on its $61.5B valuation.
AI
PayPal CEO Alex Chriss told Q1 2026 investors the company is accelerating AI adoption as the primary driver of a $1.5B+ gross cost-savings program over 2-3 years, alongside a structural shift to three business units and a 20% workforce reduction. The company is moving to cloud-native architecture...
AI
Altara raised $7 million in a seed round led by Greylock to build AI agents for physical sciences R&D — semiconductors, batteries, and advanced materials. The company's agents condense weeks of manual data triaging into minutes, targeting failure analysis and experimental design at facilities whe...
Web3
MoonPay acquired DFlow in a $100 million all-stock deal, adding Solana's fastest-growing DEX aggregator — which powers Coinbase, Phantom, Solflare, and Kamino with just-in-time routing — to its fiat-on-ramp infrastructure. DFlow has processed $50B+ in cumulative volume and now integrates with Cla...
Web3
SoFi Bank is expanding its SoFiUSD fully reserved stablecoin from Ethereum to Solana, citing speed, cost, and transaction capacity advantages. The move is part of SoFi's Big Business Banking platform, which integrates fiat accounts, SoFiUSD, and crypto payments for banks, fintechs, and enterprise...
Web3
Western Union launched USDPT, its fully reserved US dollar stablecoin issued by Anchorage Digital Bank on Solana, on May 4. The pilot begins in Bolivia and the Philippines, with expansion to 40+ countries planned for 2026. USDPT enables 24/7 settlement between Western Union and its global agents ...
Web3
Kraken and MoneyGram have partnered to let Kraken users convert and withdraw crypto as cash at approximately 500,000 MoneyGram locations across 200+ countries in 100+ currencies. The multi-phase rollout begins in the US, Europe, and Latin America, and expands to include local bank deposits over t...
Web3
State Street Investment Management and Galaxy Digital have launched SWEEP — the State Street Galaxy Onchain Liquidity Sweep Fund — on Solana, allowing stablecoin holders (starting with PayPal USD) to move idle balances into an institutional yield-bearing vehicle. Ondo Finance anchors the product ...
AI
IREN Limited (NASDAQ: IREN) is acquiring Mirantis, the Kubernetes-native cloud infrastructure firm with 1,500+ enterprise customers and NVIDIA AI Cloud Ready ISV status, in a $625 million all-stock deal — completing its transformation from Bitcoin miner to full-stack AI cloud platform.
Funding
Bullish, the NYSE-listed institutional crypto exchange led by former NYSE President Thomas Farley, will acquire transfer agent Equiniti from Siris Capital in a $4.2 billion deal ($1.85B assumed debt + $2.35B Bullish stock). Equiniti processes $500 billion annually and manages 20M+ verified shareh...