SpaceX IPO Filing Shows Musk Building an AI and Space Infrastructure Giant

In briefSpaceX publicly disclosed its IPO filing ahead of a planned Nasdaq debut under the ticker SPCX.Elon Musk will retain majority voting control through a dual-class share structure.The filing shows SpaceX absorbing X and xAI while spending billions on AI infrastructure and Starship development.  SpaceX‘s long-awaited IPO filing was released on Wednesday, giving investors their clearest look yet at Elon Musk’s effort to turn the company into a combined space launch, satellite internet, and AI infrastructure business.  The prospectus does not include a public IPO share price or total offering size, though it assigns a fixed $42.40 per-share value to the 261.8 million shares issued as part of the EchoStar spectrum acquisition. The filing also names Goldman Sachs, Morgan Stanley, Bank of America, Citi, and JPMorgan among the lead underwriters.  SpaceX initially filed confidentially with the SEC in April, targeting a valuation of $1.75 trillion, making it the largest IPO in history.  According to the prospectus, the company will use a dual-class share structure that preserves Musk‘s control after the offering. Public investors will receive Class A shares with one vote each, while Musk’s Class B shares carry 10 votes apiece. SpaceX also designated itself a “controlled company” under Nasdaq rules, allowing it to

05-21

Sorted Wallet raises $4.4 million from Tether and Gnosis

Tether and Gnosis have participated in a $4.4 million seed round for Sorted Wallet as the crypto firms continue expanding stablecoin payment infrastructure across emerging markets.Tether and Gnosis have backed a $4.4 million seed round for Sorted Wallet to expand crypto access across emerging markets.Sorted Wallet said its lightweight 10MB app has reached 500,000 downloads across Africa, South Asia, and parts of Central America.Fresh funding is expected to support telecom integrations and new stablecoin payment tools targeting users with low-cost mobile devices.  According to an announcement shared by Sorted Wallet, the round included $3.4 million in equity funding led by Tether and Gnosis, alongside participation from Movement, Angel Invest Group, and several angel investors, including the founders of RWA.io. Vox Solutions also contributed $1 million in strategic support as part of the funding package.  “Over the years, digital asset use cases have evolved from trading tools to real-life applications, promoting financial freedom and inclusion. However, to achieve true inclusion, we must reach hundreds of millions of people who cannot afford smartphones or data plans,” Tether CEO Paolo Ardoino said in an accompanying statement.  Founded in 2022, Sorted Wallet has focused on low-cost mobile access for crypto users in regions where smartphones, data plans,

05-21

Wintermute Launches Armitage as $10B Trading Network Expands Into DeFi Lending

“Yield aggregation brought vaults into the mainstream, but curation has largely meant setting risk parameters and managing business relationships. Armitage is what you get with deep expertise in onchain capital management and security,” said Igor Igamberdiev, Wintermutes head of research and a contributor to Ethereum-focused security initiatives.  Unlike many existing vault systems, Armitage intends to directly handle liquidations rather than outsource them to third-party operators. Wintermute says its global trading infrastructure gives the platform an advantage in managing collateral positions across multiple markets and chains.  The firm processes more than $10 billion in average daily across over 70 venues and 10 networks, according to the company. That reach, Wintermute argues, allows Armitage to support a broader range of collateral assets and potentially unlock higher-yield opportunities for depositors.  Armitage Entry Expands Ecosystem of Specialized Vault Creators  Morpho, the protocol hosting the initial launch, framed Wintermute‘s entry as part of a growing ecosystem of specialized vault curators. CEO Paul Frambot said, “Every new curator strengthens the network, bringing new strategies, new depositors, and new borrower demand, and having a firm of Wintermute’s caliber join only accelerates that.”  Armitage vaults will be permissionless and non-custodial, meaning users can deposit or withdraw funds directly onchain without identity verification requirements.

05-21

Ripple CLO Backs CLARITY Act Despite Arthur Hayes Urging Trump Veto

Tech  Ripple CLO Backs CLARITY Act Despite Arthur Hayes Urging Trump Veto  Ripple CLO Stuart Alderoty has expressed his support for the proposed CLARITY Act. In contrary, Arthur Hayes, urged President Donald Trump to veto the measure.  Ripple CLO Supports CLARITY Act  In a a recent interview, Hayes said digital assets shouldn‘t be bound by government regulations to keep their relevance. However, Ripple’s CLO has a different view on the matter.  In a post on X, Alderoty defended this bill. He argued that it is designed to provide retail participants with certainty in the digital asset marketplace.  “The Clarity Act isn‘t about protecting an industry. It’s about protecting everyday Americans who deserve clear rules when they participate in the multi-trillion dollar crypto economy,” Alderoty wrote. He added, “67 million Americans already hold crypto. The data is in. Its time.”  Meanwhile, lawmakers are debating on the future of the CLARITY Act in the United States. Thus, the Ripple CLOs comments mark an important juncture as proponents beleive that the bill lays a formal structure would help cut down on the confusion among investors and companies in the crypto sector.  Now, regulators are looking at combing several bills into a tidy package before the bill reaches the Senate floor vote.

05-21

AI Coins Rally Hard As SERV, BNKR, VVV Jump

Tech  AI Coins Rally Hard As SERV, BNKR, VVV Jump  The post AI Coins Rally Hard As SERV, BNKR, VVV Jump appeared first on Coinpedia Fintech News  AI coins are ripping again, and no, this isn‘t one of those overnight “next big thing” rotations the market forgets in 48 hours. The AI narrative has been grinding higher for months now, and today’s leaderboard is packed with tokens riding that momentum hard.  OpenServ‘s token, SERV, surged roughly 27% intraday after the project pushed out a fresh claim tied to Google’s newly released Gemini 3.5 Flash model. According to OpenServ, its SERV engine paired with DeepSeek v4 Flash can outperform Google‘s setup at nearly one-thirtieth of the cost. Cheap, faster, “enterprise-ready” AI infrastructure? Crypto traders eat that stuff up like it’s free yield season again.  SERV Momentum Keeps Getting More Aggressive  Well, here‘s the kicker. Today’s candle wasnt built in isolation. The daily chart shows SERV has been climbing steadily since early May, with cumulative gains now approaching 350%.  Price action also reflects growing momentum around AI infrastructure narratives tied to governments, Fortune 500 firms, and high-stakes operational systems. Whether those adoption dreams materialize is another conversation entirely, but traders clearly arent waiting around for audited quarterly reports.  Meanwhile, the

05-21

Ankr (ANKR) Price Prediction 2026, 2027–2030

Tech  Ankr (ANKR) Price Prediction 2026, 2027–2030  Quick Answer: Ankr (ANKR) is trading near $0.005–$0.010 as of May 2026, down approximately 95–97% from its all-time high of $0.19 set in November 2021. Analyst forecasts for 2026 range from $0.00374 (CoinCodex conservative) to $0.013 (AMBCrypto average). For 2030, the spread is extraordinary — from $0.006 (Bitget bear case) to $0.412 (Cryptopolitan bull case). The key question for ANKR is whether its record-setting infrastructure metrics — 12 trillion RPC requests processed in 2025, enterprise clients including Microsoft, Binance, and Tencent Cloud — can eventually translate into token price appreciation.  Ankr sits in one of crypto‘s most unusual positions: a project whose underlying business is objectively growing while its token price has collapsed. In 2025, Ankr processed more blockchain data than at any point in its history. It added 11 new blockchain networks, launched enterprise-grade fiber infrastructure, introduced RPCfi with Neura, and surpassed 1 trillion monthly RPC requests — a milestone that underscores how much of global Web3 activity flows through Ankr’s infrastructure every day. Yet the ANKR token fell nearly 90% in a single quarter, from $0.041 in early 2026 to below $0.005 by February. This guide breaks down the analyst forecasts year by year

05-21

South Korean Funeral Firm Loses $33 Million on BitMine Ethereum ETF

Daily leveraged products also lose value through volatility decay in choppy markets.  A Regulatory Blind Spot in Prepaid Funeral Funds  The episode has exposed how loosely South Korea polices prepaid funeral funds. The sector sits under the Fair Trade Commission as a prepaid installment business, not any financial regulator.  The only binding rule requires firms to hold half of customer prepayments in reserve. The remaining half can be deployed in almost anything, including high-risk securities.  “This should be illegal,” said analyst Bull Theory.  A Korea Economic Daily review of 75 providers found 43% hold fewer assets than prepayments owed.  Six bills now sit in the National Assembly to ban speculative investments and related-party lending in the sector.  Bumo Sarang has not signaled any plan to unwind the position. Customer prepayments now hang on whatever BitMine and ether do next.  The case strengthens calls in Seoul for tighter rules before the next funeral firm chases similar returns.  The post South Korean Funeral Firm Loses $33 Million on BitMine Ethereum ETF appeared first on BeInCrypto.

05-21

Morgan Stanley Files Amended S-1 For Ethereum & Solana ETF

Ethereum  Morgan Stanley Files Amended S-1 For Ethereum & Solana ETF  Morgan Stanley has submitted revised S-1 registration statements to the U.S. Securities and Exchange Commission for two proposed crypto ETFs. The Wall Street giant just amended its application for Ethereum and Solana ETFs.  Morgan Stanley Submits Amended S-1 For Ethereum, Solana ETF  The filings are for Morgan Stanleys Ethereum Trust and Solana Trust. In the modified filings, Morgan Stanley noted that the proposed ticker for the Ethereum ETF is MSSE. Meanwhile, the proposed ticker for the Solana product is MSOL. It aims to mirror its launch of a spot Bitcoin ETF in April.  The two submissions were made on May 20. The documents describe the structure of the trusts and the creation and redemption of shares by means of authorized participants. The filings also contain language relating to staking that is associated with the underlying assets of the trusts.  The trust will follow spot Ethereum price and use a share of the ETH that is held on the vehicle for staking, according to the Ethereum filing. According to the filing, the trust is not an active investment entity. Thus, it will not aim to earn a profit besides following the ETH price and the rewards

05-21

Coins.ph expands Bitcoin and Ethereum payments in the Philippines

Bitcoin Ethereum  Coins.ph expands Bitcoin and Ethereum payments in the Philippines  Coins.ph, the leading crypto platform in the Philippines, has expanded its QR-code crypto payment network in the country, adding support for Bitcoin (BTC) and Ethereum (ETH).  The update continues the trend set by the platforms earlier integration of Tether (USDT) and brings further payment variety to around 700,000 merchants.  At the core of the update is, of course, QRPH, the countrys standardized QR payment system developed under the Bangko Sentral ng Pilipinas (BSP), which automatically converts crypto into Philippine pesos at the point of sale.  Wei Zhou, CEO of Coins.ph, told Finbold.  Stablecoin payments in the Philippines  As mentioned, the latest expansion is another step in the companys plan to make stablecoin payments more viable in the Philippines.  The initial launch of the system introduced USDT into the national QR infrastructure and recorded strong early transaction activity, as it helped make licensed Philippine wallets viable for direct crypto spending through unified national channels.  Zhou added.  For now, stablecoins remain central to the model, which is hardly surprising considering the market is shaped by large remittance inflows. More precisely, the Philippines receives roughly $38 billion annually in remittances.  As a result, digital assets, such as USDT, are an increasingly popular option

05-21

xAI Integrates Grok AI with OpenClaw Personal Assistant

xAI, Elon Musks generative AI venture, announced that Grok AI is now compatible with OpenClaw, an open-source, privacy-focused personal assistant. Starting May 22, 2026, users with SuperGrok or X Premium subscriptions can integrate Grok into OpenClaw, enabling new functionality across messaging platforms like WhatsApp, Telegram, Slack, and Discord.  OpenClaw is designed to run on local hardware, from Mac Minis to Raspberry Pis, prioritizing user control and persistent memory across sessions. With Grok integration, users can leverage xAI‘s large language model (LLM) capabilities directly in OpenClaw, regardless of their subscription tier. This move potentially expands Grok’s reach beyond its existing platforms, which include X (formerly Twitter), Grok.com, and a standalone iOS app.  Whats Driving the Integration?  This integration aligns with xAIs broader strategy to embed AI into daily workflows while addressing increasing concerns about data privacy. Unlike traditional cloud-based AI assistants, OpenClaw emphasizes local-first architecture, offering users more control over their data. This could help xAI counter regulatory scrutiny, such as bans in Malaysia and Indonesia earlier this year over Groks controversial AI-generated images.  The move also comes on the heels of a security breach earlier this month, where a Grok-linked crypto wallet lost 3 billion $DRB tokens in a prompt injection attack. By collaborating

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