The midterms won’t stop the AI buildout, but they will shift who gets financed. Political risk for gigawatt GPU megadeals just went up. Oracle’s roughly 2.5 GW Project Jupiter has faced lawsuits and two state rejections of its gas pipeline. The roughly $18B of debt tied to it was reported trading at stressed levels. The best risk-adjusted opportunity is now the Compute Middle Market: $25M to $500M deals.
GLX launched in October. It started with the $98.1M Duos Edge AI season-and-sell, then a $106M facility for @CloudNexgen with Silver Point and Victory Park in the lender group. Also in October: - $1M of CHIP bought back - Introduced the CHIP Hurdle Rate: when sUSDai yield falls below 7%, @Chip_foundation tops it up from the Yield Reserve - CHIP governance went live.
Welcome to X, @Chip_foundation. Governance, $CHIP and onchain yield updates will be shared there going forward.
In its 2026 Blockchain Revenue Report, @1kxnetwork looks at whether AI and compute demand can drive onchain revenues. USDAI is cited under compute markets at $300M+ in GPU financing originated. Since the report’s Q3 cutoff, that has grown to $531M across 20 deals.
USDAI led a $106M senior secured financing for @CloudNexgen’s 1,728 NVIDIA B300 GPU deployment in Finland. Silver Point Capital, a $48B credit platform, and Victory Park Capital, a Janus Henderson-affiliated alternative asset manager, are lending alongside USDAI through GLX. https://t.co/BkcmNrlibC
Congrats to @PayPal, @m0 and @moonpay on the launch of PYUSDx. The USDAI protocol plans to migrate its backing from PYUSD to PYUSDx, making AI infra yield more accessible onchain.
Check out the latest USDAI app updates: - Refreshed Loans page with repayment schedule and history, hardware details, and onchain records - Dashboard sUSDai APY chart now shows net APY by default - Buy, stake, redeem & bridge flows have clearer steps, USD estimates, and route details
