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Big Tech’s AI ambitions drive massive debt-funded investment

CoinDesk reports:Over the past few years, America’s largest tech companies have been competing fiercely to develop advanced AI systems while also providing computing power to a booming startup ecosystem—a race that has come at enormous cost. To achieve these goals, they have fundamentally transforme...

CoreWeave Launches $3.1 Billion GPU-Secured Loan Backed by OpenAI Contracts

CoinDesk reports:On Thursday, CoreWeave launched an unprecedented leveraged loan transaction secured by chip customer contracts with companies like OpenAI, carving out new territory in the lending boom financing artificial intelligence infrastructure.Although this $3.1 billion financing is CoreWeave...

U.S. Senate Blocks Resolution to Limit Trump’s War Powers on Iran as 60-Day Deadline Approaches

BlockBeats report, on May 1, the U.S. Senate rejected the sixth Democratic attempt to limit President Trump’s power to wage war against Iran, as the conflict nears the critical 60-day deadline, with Republicans continuing to firmly stand behind the Trump administration.On Thursday, a procedural vote...

US Q1 2026 GDP Grows 2.0%, AI Investments Account for 75% of Increase

## Market SnapshotUS GDP Growth Q1 2026 market is currently priced at 100% YES for GDP growth being less than 1.0%. This has significantly increased from 26% just 24 hours ago. Recent activity shows a large move from 53% to 90% YES earlier today.## Key Takeaways– The report that AI-driven investment...

Alphabet Surpasses $421 Billion in Single-Day Market Cap Growth, OpenAI Lawsuit Remarks, and Coinbase Launches CUSHY Strategy

The Block's daily curated Web3 news for you:Google's market capitalization surged by $421 billion in a single day, the second-largest increase in history.BlockBeats news: Alphabet (GOOG.O), the parent company of Google, closed up 10% at $384.80 per share, with a single-day market cap increase of $42...

Hyperliquid's Top XRP Short Position Holds 1,557% Unrealized Gains

TL;DR:Accumulated positions: Two “Money Printer” category traders on Hyperliquid consolidate XRP shorts exceeding $5.4 million.Historic return: One of the addresses records an unrealized gain of 1,557% after opening its position near the $2.43 peak.Systemic hedging: Total short positions in Hyperliq...

Peter Schiff Criticizes MicroStrategy's MSTR and STRC, Compares to NAKA Collapse

Peter Schiff has intensified his assault on Michael Saylor and Strategy, calling both the MSTR stock and STRC preferred equity scheme scams and comparing them to Nakamoto Games (NAKA), a cryptocurrency that collapsed 99% in the past year.Schiff’s barrage of critiques comes as the Bitcoin conference ...

Google Cloud partners with Weezer to create an AI-generated music video for Cloud Next 2024

AIMPACT message: On May 1 (UTC+8), Google Cloud partnered with the rock band Weezer to create a music video using generative AI tools, kicking off the 2024 Google Cloud Next conference. The entire video was developed with the assistance of Google AI technologies, encompassing concept design, storybo...

Strong earnings propel U.S. stock market higher amid geopolitical tensions

CoinDesk reports:## Market Overview Bitcoin's price has risen 99.4% from its May 2 high of $68,000 and has seen little change over the past 24 hours. Similarly, Bitcoin's price has also increased 100% from its April 30 high of $86,000, reflecting market confidence. Meanwhile, predictions that the ...

Arbitrum DAO Votes to Release 30,800 ETH for DeFi United Post-Attack Support

Arbitrum DAO is voting on releasing 30,800 ETH (approximately $71.1 million) to support DeFi United, a recovery plan following the Kelp DAO attack. The funds, originally assets transferred by the attacker, were frozen by the Arbitrum Security Council on April 20. As of now, 16.9 million ARB tokens h...

Alphabet Market Cap Surges $0.4T After Strong Earnings, Challenges Microsoft

## Market Snapshot Market: Largest company by December 2026 Current Pricing: 0.9% YES for Microsoft Trend: Steady at 0.9% YES over the past week## Key Takeaways – Alphabet’s market cap increase suggests reduced likelihood of Microsoft being the largest company by December 2026. – The recent earnings...

LightSeek Foundation Launches Shepherd Model Gateway to Alleviate LLM CPU Bottlenecks

AIMPACT message: On May 1 (UTC+8), the LightSeek Foundation recently launched the Shepherd Model Gateway (SMG), designed to address production bottlenecks caused by CPU-intensive workloads occupying the critical path in LLM services. The design rationale involves migrating all non-GPU tasks to a gat...

Two U.S. cybersecurity professionals sentenced for ransomware attacks

According to ME News, on May 1 (UTC+8), the U.S. Department of Justice announced that Ryan Goldberg and Kevin Martin were each sentenced to four years in prison for their involvement in the 2023 ransomware attack using the ALPHV BlackCat malware. The two operated through a "ransomware-as-a-service" ...

Elon Musk Admits xAI Used OpenAI Models to Train Grok

CoinDesk reports:According to reports, Elon Musk stated that his AI company, xAI, used parts of OpenAI’s models to train its Grok chatbot. Report via TechCrunch.This is a rare public acknowledgment by a major artificial intelligence developer of practices that are coming under increasing scrutiny. M...

Morgan Stanley's Amy Oldenburg Comments on Banks Holding Bitcoin on Balance Sheets

Morgan Stanley’s Amy Oldenburg said a future move by major banks to put Bitcoin on their balance sheets is “not totally out of the question,” pointing to regulatory progress while warning that capital rules and global supervisory alignment still matter.Speaking during a Bitcoin 2026 conference panel...

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