xAI leases Colossus 1 supercomputer to Anthropic for $5B annually ahead of planned IPO

SpaceXAI, the merged entity born from Elon Musks xAI and SpaceX, is leasing its Colossus 1 supercomputer cluster to rival AI company Anthropic for roughly $5 billion per year. The four-year deal, announced on May 6, hands Anthropic access to more than 220,000 Nvidia GPUs and 300 megawatts of power, giving it one of the largest compute footprints in the industry almost overnight.  The timing is not subtle. xAI is preparing for an IPO slated for June 2026, with a target valuation of $1.75 trillion. Leasing out a massive but underused asset to a deep-pocketed competitor is one way to make the revenue line look significantly healthier before going public.  Why lease your supercomputer to a competitor  Colossus 1 was reportedly running at just 11% utilization. Industry benchmarks for GPU cluster utilization sit in the 35% to 45% range, meaning xAIs flagship supercomputer was operating at roughly a quarter of what would be considered normal.  The lease is expected to generate between $5 billion and $6 billion annually for xAI. That cash flow directly offsets what have been reported as significant financial losses for the company.  Anthropic, the company behind the Claude family of AI models, gets a massive compute injection without having to build

05-10

Strait of Hormuz remains blocked amid US-Iran naval skirmishes

## Market Snapshot Strait of Hormuz traffic by May 15 is priced at 1.8% YES, down from 4% 24 hours ago. Market odds for Trumps Hormuz blockade announcement by May 31 are at 40.5% YES, a slight decrease from 42% yesterday. The probability of 20 ships transiting the Strait by May 31 is 65.5% YES, down from 69% in the last day.  ## Key Takeaways – Pricing suggests traffic through the Strait of Hormuz is unlikely to normalize by mid-May, consistent with continued naval blockades. – Market activity indicates a lower likelihood of Trump announcing the lifting of the Hormuz blockade by the end of May. – The chances of 20 or more ships transiting the Strait by the end of May have decreased, reflecting ongoing disruptions.  ## Article Body The blockage of the Strait of Hormuz persists following recent skirmishes between U.S. and Iranian naval forces, according to a report by the New York Times. The strategic waterway has been a flashpoint in the ongoing conflict, with the U.S. enforcing a blockade under Project Freedom and Iran deploying unmanned vessels and drones to disrupt shipping. Recent engagements have included the U.S. Navys interception of Iranian boats, indicating sustained tensions. This situation

05-10

ALGO Price Prediction: $0.21 December Target Faces Critical $0.14 Resistance Test

The Immediate Setup  Algorand sits at a crucial inflection point, trading at $0.13 with technical indicators painting a picture of momentum under pressure. The RSI reading of 67.87 hovers dangerously close to overbought territory while the MACD histogram flatlines at zero, revealing that bullish momentum has stalled precisely when bulls need it most. Price action shows ALGO pressed against the upper Bollinger Band at 97% position, a setup that historically produces either explosive breakouts or sharp reversals.  The narrow 24-hour trading range between $0.13-$0.14 exposes the real battle – bulls are struggling to pierce that $0.14 ceiling despite posting a modest 2.59% daily gain. This resistance level has become the line in the sand that will determine whether Blockchain.news analysts bullish projections can materialize or if bears will regain control.  Technical Battleground  The chart reveals a compressed battleground where $0.14 stands as the fortress wall separating bulls from higher territory. Below current price, every major moving average from the 7-day SMA at $0.12 to the 200-day SMA at the same level has clustered together, creating either a robust support foundation or a dangerous zone where breakdown could accelerate rapidly.  Bollinger Bands frame the action between $0.10 on the lower end and $0.13 on the upper

05-10

Vitalik Buterin signals ZK payments as the next standard for the agent era

Vitalik Buterin wants your AI agent to pay for things without anyone knowing its yours. The Ethereum co-founder has pointed to zero-knowledge payments and ZK APIs as the likely standard for privacy and security in a future where autonomous AI agents transact on your behalf.  Why AI agents need a privacy upgrade  Buterin‘s concern is specific: even if an AI agent uses a pseudonymous identity, an observer can correlate its requests over time and re-identify the user behind it. His proposed solution involves ZK payments and what he calls “ZK API Usage Credits.” These would allow AI agents to make anonymous calls to language models and other services without leaving breadcrumbs that link back to a single identity. The credits function as a privacy wrapper, letting agents authenticate and pay without revealing who’s footing the bill.  The tech getting cheaper, fast  The GKR protocol, anticipated for deployment in late 2025, is projected to cut Ethereum ZK verification costs in half. For networks already built on ZK architecture, the implications are significant. zkSync Era and StarkNet could potentially facilitate up to 43,000 transactions per second with this upgrade. StarkNet currently processes around 27 million monthly transactions and already reduces gas fees by roughly 90% compared

05-10

LDO Price Prediction: $0.50 Target Emerges as Smart Money Defies Retail Sentiment

The Immediate Setup  LDO trades at $0.41 following a 3.54% daily gain, positioning itself at a critical juncture where momentum indicators paint a mixed picture. The RSI hovers at 58.51 in neutral territory while MACD histogram flatlining at zero reveals buying pressure is stalling precisely when bulls need acceleration most.  Price action shows LDO testing the upper Bollinger Band at $0.42, sitting 77% up the band range in classic late-stage breakout formation. The $4.4M daily volume on Binance indicates reasonable participation but falls short of the explosive interest typically required to sustain moves above key technical barriers.  Technical Resistance Clusters  The chart structure reveals a methodical climb above short-term moving averages, with LDO trading 5% above the 7-day SMA at $0.39 and 8% above the 20-day at $0.38. However, the formidable 200-day SMA looms at $0.50, representing a 22% premium to current levels and acting as the primary upside target.  Immediate resistance bunches tightly between $0.42-0.43, where the Bollinger upper band converges with established technical levels. Blockchain.news analysis indicates this zone will dictate LDOs next major directional move. Support appears solid with recent lows at $0.39 reinforced by moving average convergence, though any break below $0.38 opens the door to a retreat toward $0.35.  Smart Money

05-10

Global gold ETFs see $6.6B in April inflows, reversing March outflows

Gold ETFs just pulled off one of the more dramatic U-turns in recent memory. After hemorrhaging $12B in net outflows during March, global gold-backed exchange-traded funds attracted $6.6B in fresh capital in April.  What drove the reversal  A weakening US dollar made gold cheaper for international buyers. Falling oil prices added another layer of support. Central banks continued their multi-year gold shopping spree, with sovereign buyers accumulating physical gold reserves.  Golds bigger picture is still remarkable  Gold has gained approximately 210% since October 2023. The metal recently experienced a correction of 16.5% from its highs, which likely contributed to Marchs outflow spike.  The tokenized gold angle adds a new wrinkle  While traditional gold ETFs were staging their comeback, Binances gold futures contracts, launched in January, surpassed $100B in cumulative trading volume, with daily peaks hitting $6.6B.  Equity ETFs captured $7.1B during the same period, meaning gold ETFs were running nearly neck-and-neck with stocks in terms of attracting new capital. Digital asset funds faced $317M in daily net outflows.  Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

05-10

Anthropic Eyes $900B Valuation as OpenAI Funding Race Builds

Anthropic is discussing up to $50B at a possible $900B valuation, FT sources reported.The funds would support wider compute capacity as demand for Claude continues to grow.The round could strengthen Anthropic against OpenAI as both firms seek more AI capital.  Anthropic could become the most valuable private AI company if its reported funding talks succeed. The Claude developer is considering a round of up to $50 billion at a possible $900 billion valuation, though the deal has not been finalized.  The company has not commented on the report. A completed round at that level would place Anthropic above OpenAI, which reached an $852 billion post-money valuation after its $122 billion March financing round.  Anthropic Fundraising Push Builds Speed  According to a report, Anthropic is seeking capital to expand its computing capacity. Frontier AI companies need large infrastructure budgets to train and operate advanced models. Rising demand for Claude has added more weight to the companys funding plans.  An investor cited in the report said Anthropic continues to draw strong interest from potential backers. The investor suggested that funding is available, but the next step depends on the companys decision to proceed.  Revenue growth is strengthening Anthropic‘s valuation argument. Sources cited in the report said the company’s

05-10

US-Iran standoff disrupts Persian Gulf shipping, impacts Asian supply chains

## Market Snapshot The market “Iranian Demands Trump Will Agree To” is currently priced at decreased odds for a YES outcome, reflecting a drop in likelihood. The WTI Crude Oil market, meanwhile, shows increased probabilities of hitting $150 in May, with YES priced at 44.0%.  ## Key Takeaways – The news appears to suggest ongoing tensions between the U.S. and Iran, impacting market sentiment on Trumps likelihood to agree to Iranian demands. – Disruptions in the Persian Gulf may indicate increased oil prices, consistent with higher YES pricing for WTI crude hitting $150. – The Bab el-Mandeb Strait market is unaffected, consistent with the lack of new developments specific to that waterway.  ## Article Body The standoff between President Trump and Iran has significantly disrupted shipping in the Persian Gulf, leading to supply chain shocks that are reverberating through Asia. This geopolitical tension has notably elevated costs for farmers in South and Southeast Asia, as diesel and fertilizer prices surge due to the halted shipping routes in the Strait of Hormuz. Although a ceasefire was declared earlier in May 2026, hostilities persist, with Iran asserting control over the waterway and the U.S. maintaining a naval blockade. The conflict has led to significant

05-10

Evernorth Says XRP’s Real Story Is Institutional Plumbing

s Institutional Case Depends on Infrastructure, Evernorth Says  Evernorth, an treasury company building its strategy around long-term participation in the ecosystem, has asserted that s most important institutional story is not price action, exchange-traded fund (ETF) demand, or tokenization headlines. In a blog post by Chief Business Officer Sagar Shah on May 8, the firm said the Ledgers deeper shift is happening in the infrastructure that regulated capital needs before it can operate on public rails.  Recent XRPL upgrades support that view. Multi-Purpose Tokens brought compliance controls into tokenized assets, including KYC requirements, transfer limits, allowlists, freeze controls, and clawback functions. Permissioned Domains added restricted environments for approved wallets. Token Escrow expanded settlement tools, while Permissioned created controlled trading venues for approved counterparties. Shah said:  “The most overlooked development on right now is the institutional plumbing, not a price chart, ETF flows, or a tokenization headline.”  That framing moves XRP away from a hype-driven market narrative. Evernorth presents XRPL as a network being shaped around compliance, settlement, custody, lending, and privacy. Those functions matter because banks and asset managers need controlled access, clear counterparties, auditable transactions, and lower settlement risk before moving serious capital on-chain.  XRPL Upgrades Add Compliance, Settlement, and Privacy Features  Privacy and lending

05-10

SEI looks ready to break $0.0694 resistance - Can bulls push toward $0.080?

Selling pressure steadily faded after Sei [SEI] established a firm floor between the $0.050 and $0.052 range during early April. A rounding bottom gradually formed afterward, signaling buyers were slowly absorbing weakening sell-side liquidity beneath the surface.  Momentum strengthened further once the $0.0563 resistance flipped into support, which later became the launchpad for the breakout.  Before the expansion, price briefly dipped below the $0.055 support zone, likely sweeping weaker positions and unlocking liquidity for continuation higher.  Source: SEI/USDT on TradingView  The move then accelerated toward the $0.0694 resistance while maintaining minimal retracement across the 4-hour structure.  Meanwhile, rising green volume confirmed genuine capital inflows rather than temporary low-liquidity spikes as the RSI approached the 70 overbought threshold.  SEI retracement tests breakout structure  After SEIs aggressive expansion toward the $0.0694 resistance, momentum gradually shifted into a controlled retracement phase. Price initially faced sharp rejection near $0.0694 before retracing toward the 38.2% Fibonacci support around $0.0657.  Source: SEI/USDT on TradingView  This zone now acts as the markets immediate strength test because strong bullish structures usually defend shallow pullbacks quickly.  If buyers maintain control above $0.0657, momentum may rebuild toward another retest of the $0.0694 high. A successful breakout there could expose it toward the psychological $0.080 region.  Meanwhile, RSI cooled toward 55.85 after

05-10
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