Crypto Morning Brief: Powell Sworn In as Fed Chair Tonight; SpaceX Officially Files for IPO
TechFlow Selected TechFlow Selected
Crypto Morning Brief: Powell Sworn In as Fed Chair Tonight; SpaceX Officially Files for IPO
Anthropic is negotiating to lease computing resources powered by Microsoft’s in-house AI chips.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Market Updates — Yesterday
Al Jazeera: U.S.-Iran talks nearing agreement, but too early to assess final deal
Al Jazeera: According to Al Jazeera, senior Pakistani officials are conducting intensive mediation efforts. Citing a senior Iranian official, the report states that negotiators are very close to reaching an agreement and are currently drafting the text. Meanwhile, another source indicated it is still too early to determine whether a serious, final agreement can be reached.
Iran and Oman discussing permanent tolls for Strait of Hormuz passage
The Iranian ambassador to France stated that Iran and Oman are discussing imposing permanent tolls for passage through the Strait of Hormuz, and that reopening the strait would require payment from all countries.
Wash to be sworn in as new Fed Chair tonight at 11 p.m.
The White House: The swearing-in ceremony for the new Federal Reserve Chair, Wash, will take place at 11 a.m. on May 22 (11 p.m. Beijing time).
White House postpones AI executive order signing ceremony
According to Axios, the White House has canceled the scheduled ceremony for President Trump to sign a new executive order on artificial intelligence and cybersecurity. Per the notice, the event has been postponed to a later date. The White House has not yet responded to this matter.
SpaceX officially files IPO application; issuance size and valuation undisclosed
Elon Musk’s SpaceX has unveiled plans for what would be the largest IPO in history, fully disclosing financial details of the company—engaged in rocket launch services, satellite broadband, and AI—to investors. According to its prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company reported $4.7 billion in revenue and $1.9 billion in operating losses for the first quarter of this year. Following the IPO, Musk will retain 85.1% of voting rights.
The company also plans asteroid mining operations in near-Earth orbits. The filing further reveals that Anthropic will pay SpaceX $1.25 billion per month until May 2029. Although the issuance size and proposed valuation remain undisclosed, prior media reports indicated SpaceX had discussed raising approximately $75 billion at a $1.75 trillion valuation. SpaceX intends to list on the Nasdaq under the ticker symbol SPCX.
Prediction market platform Kalshi secures $200 million in new funding, bringing total raised above $1.2 billion
According to Bloomberg, prediction market platform Kalshi Inc. has secured an additional $200 million in funding from two new institutional investors, pushing its total capital raised in this round beyond $1.2 billion. The newly added investors are Layer Global, led by Anton Levy, and Baillie Gifford, a prominent asset management firm—both investing in Kalshi for the first time.
Payward, Kraken’s parent company, receives preliminary approval from Dubai VARA to operate crypto business
According to Businesswire, Payward—the parent company of Kraken—announced it has received preliminary approval from the Dubai Virtual Assets Regulatory Authority (VARA) for brokerage, investment, and management licenses, enabling expansion of its crypto business in the UAE. Payward expects to offer spot, margin, and OTC trading, staking services, and Kraken Prime—its institutional offering—through a locally regulated entity, and support peer-to-peer crypto asset transfers.
Manus seeks $1 billion in funding to unwind Meta acquisition and pursue Hong Kong IPO
According to Bloomberg, the three founders of Manus are exploring multiple options to satisfy Beijing’s requirement to unwind Meta Platforms Inc.’s acquisition of the company—including raising approximately $1 billion from external investors to repurchase the China-founded AI firm.
According to sources, the founders are in discussions regarding a financing round valued at no less than the $2 billion paid by Meta. The founders may also contribute personal funds to cover any remaining portion of the transaction. If this plan moves forward, the next step could involve first establishing a China-based joint venture with relevant investors, followed by pursuing an IPO in Hong Kong.
Anthropic negotiating to lease AI compute capacity powered by Microsoft’s in-house chips
According to The Information, Anthropic confirmed it is in talks with Microsoft to lease compute capacity powered by Microsoft’s custom AI server chips, to meet its growing AI model training and inference demands.
Sources indicate the discussions involve Microsoft providing server-based compute services via its data centers, utilizing its proprietary chips—a key option for Anthropic to expand its compute infrastructure. If finalized, the deal would mark a critical milestone in Microsoft’s commercialization of its AI chips.
Blockchain.com has confidentially filed for U.S. IPO
According to Bloomberg, cryptocurrency exchange Blockchain.com has confidentially filed its initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC). The company stated its draft registration statement has been submitted, though the number of shares to be offered and the price range remain undetermined. Headquartered in Dallas, Blockchain.com’s IPO remains subject to market conditions and SEC review.
U.S. Department of Commerce awards $2 billion in government grants to nine quantum computing firms, taking equity stakes
According to The Wall Street Journal, the U.S. Department of Commerce announced $2 billion in government grants to nine quantum computing companies—including IBM—and will receive equity stakes in return. This initiative aims to accelerate development of the emerging quantum computing industry and foster more stable, scalable quantum computing systems. The report notes this funding round forms part of the Trump administration’s broader strategy to maintain U.S. competitiveness in frontier computing and usher in a “new era of technological innovation.”Market Data
Recommended Reading
“Cash out life insurance to buy stocks”: South Korea’s over-60s borrow to bet on Samsung
https://www.techflowpost.com/zh-CN/article/31681
This article explores how elderly South Koreans—facing economic pressure and buoyed by a stock market rally—are cashing out life insurance policies and borrowing money to invest in equities. It details the current state of South Korea’s stock market, the motivations behind seniors’ investment behavior and associated risks, and analyzes the socioeconomic drivers behind this phenomenon.
Claude keeps telling users to go to sleep: Anthropic’s personification experiment backfires
https://www.techflowpost.com/zh-CN/article/31688
This article discusses a bug in Anthropic’s AI assistant Claude, which repeatedly reminds users to go to sleep—sparking broader discussion about AI personification. It analyzes the root cause of the bug, Anthropic’s product philosophy, and inherent limitations in AI models’ temporal awareness.
Deep dive into SpaceX’s IPO filing: When satellite cash flow feeds the AI black hole
https://www.techflowpost.com/zh-CN/article/31696
This article provides a comprehensive analysis of SpaceX’s IPO filing, revealing revenue, losses, capital expenditures, and future development plans across its business units. It focuses on Starlink’s profitability, xAI’s substantial losses and capital spending, the compute partnership with Anthropic, and SpaceX’s Bitcoin holdings. Through its “satellite–compute–AI” commercial loop, SpaceX aims to achieve an unprecedented valuation in public markets—but faces potential risks including high losses and declining user value.
Musk posts SpaceX job ad—and reading the comments, I got it
https://www.techflowpost.com/zh-CN/article/31698
This article covers SpaceX’s SEC filing of its IPO prospectus, its $1.75 trillion valuation, and its planned June Nasdaq listing—which could surpass Saudi Aramco’s $29 billion fundraising record. Musk posted a recruitment message on X seeking world-class engineers and physicists, emphasizing “exceptional ability” over formal credentials or experience. However, the authenticity of the posting is questioned: some noticed the listed recruitment email address does not exist—suggesting it may be pre-IPO publicity.
The FBI launched a token—and it’s more credible than half the projects in crypto
https://www.techflowpost.com/zh-CN/article/31699
This article primarily discusses the U.S. Federal Bureau of Investigation’s (FBI) law enforcement operation involving the creation of a fake cryptocurrency project to expose market manipulation. Posing as a project team, the FBI issued a token on Ethereum and collaborated with several market makers to generate artificial trading volume—ultimately exposing fraud and unethical practices across the industry. The operation involved multiple crypto projects and market makers, revealing the extent and severity of market manipulation.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
