Invest ideasNews
6 Jun 2026, 01:56
OpenAI and Trump administration discuss possible government stake in OpenAI
Senior White House officials and major AI companies, including OpenAI, have held preliminary talks about the U.S. government acquiring equity and potentially purchasing stakes in AI firms, according to a NOTUS report. The discussions between the Trump admin and these AI firms could reshape how Americans share in AI’s financial upside in the long term as OpenAI and Anthropic both move toward public listings. Early conversations and OpenAI’s involvement The early conversations have revolved around multiple models and strategies to bring the U.S. government to the forefront of AI investment financially. One version of the proposal could have AI companies voluntarily hand over shares to the federal government rather than sell them through a traditional purchase. Proceeds from these holdings in AI firms like OpenAI could be of direct benefit to citizens, with early reports citing that an option under consideration is to channel investment returns into dividend payments distributed to every American household. The conversations are still in the early stages, however, with unclear details and no certain timeline for implementation. OpenAI CEO Sam Altman has been a major driving force behind the concept, raising the idea in a direct conversation with President Donald Trump in 2025, according to the NOTUS report. Altman has now revisited the proposal with Washington’s senior officials in recent weeks, framing the potential equity purchase as a mechanism to spread AI’s economic gains further with the public. The timing also coincides with confirmed reports stating that OpenAI is currently preparing to confidentially file for an IPO in the very near future. Trump administration and AI interest The possibility of the Trump administration purchasing stakes in AI firms fits a pattern of the government’s interest in embedding itself in the AI industry’s growth. President Trump had, on Tuesday, signed an executive order encouraging leading AI developers to voluntarily submit their most powerful models for government cybersecurity testing before public release. It is also worth noting that there was a fallout between Anthropic, the company behind the Claude AI assistant, and the U.S. government earlier in the year on matters of AI security in government use. Unlike OpenAI, Anthropic is not engaged in similar discussions with the administration, according to the NOTUS report . The company also filed confidentially for its own U.S. IPO on Monday, June 2. The Trump admin also moved into quantum computing in May, purchasing equity worth about $2 billion across nine firms in the sector. A government stake in AI companies would extend that playbook into a far larger market, and one on a major rise globally. The smartest crypto minds already read our newsletter. Want in? Join them .
6 Jun 2026, 01:14
SpaceX signs $920 million a month cloud compute deal with Google
SpaceX is primed to receive a whopping $920 million per month from Google, so the latter can make use of its AI cloud computing facilities, according to an SEC filing today. This gives Elon Musk’s rocket, AI, and satellites company another major cloud customer weeks before its planned IPO. The agreement runs from October 2026 through June 2029 and covers roughly 110,000 Nvidia GPUs along with CPUs, memory, and related infrastructure, according to the SEC filing. Compute capacity is expected to increase gradually till September at a lower cost before reaching the full monthly rate. SpaceX AI cloud business in demand The Google deal follows a similar arrangement SpaceX struck with Anthropic in May, where the Claude chatbot maker got full access to the full computing power of SpaceX’s Colossus 1 facility in Memphis, Tennessee. This facility houses more than 220,000 Nvidia processors and provides 300 megawatts of capacity, according to Reuters. Together, the two contracts represent more than $70 billion in total value, provided neither is terminated early before its scheduled end date. On an annual basis, both deals are also worth a total of $26 billion. SpaceX has widely mentioned a target of $75 billion in its upcoming initial public offering, and the company’s revenue story and outlook can only be further strengthened by these moves to lock in long-term, high-value AI compute customers. Termination factors and terms The contract can be terminated early in specific cases, and these terms have been put in to serve as protections for Google. Google can terminate the agreement after a one-month grace period if SpaceX fails to deliver the agreed number of GPUs by September 30, 2026, or accept whatever capacity SpaceX has delivered at that date for a proportionally reduced fee, according to the filing . After December 31, either side can exit the deal with 90 days’ notice. The filing also stated that all intellectual property rights in content and AI models, in addition to all data processed on the infrastructure will belong to Google. GPUs upon GPUs The competition for GPU capacity has continued to grow at an alarming rate, and this deal only proves how crazy the competition has become among companies building large AI systems. Google operates its own massive data center network and custom TPU chips, and in spite of this, still has to pay nearly $1 billion a month to rent Nvidia hardware from another big tech company. For SpaceX , the AI cloud compute hardware industry represents a new revenue stream distinct from its rocket and Starlink satellite businesses. The Colossus facility in Memphis, originally built to serve Musk’s own xAI venture, is now generating billions in annual revenue from outside customers. If you're reading this, you’re already ahead. Stay there with our newsletter .
6 Jun 2026, 01:00
Solana Treasury Bet Turns Sour: Firm Sits On $1.13B Unrealized Loss
Solana has been struggling with selling pressure as the broader market feels the weight of a correction that has tested support levels across the ecosystem. The price is under stress — and data from Arkham Intelligence has identified a specific institutional transaction that adds a direct supply dimension to the current weakness on one of the most closely watched blockchains in crypto. Related Reading: HYPE Defies Market Selloff As Whales Withdraw Another $108M From Exchanges Forward Industries — a publicly traded company that has been building a Solana treasury strategy, accumulating SOL as a primary reserve asset in a model that draws direct comparison to MicroStrategy’s Bitcoin approach — has deposited 455,784 SOL worth approximately $31.87 million to Coinbase Prime after a month of complete inactivity. Forward Industries moves Solana to Coinbase | Source: Arkham A company that has been building a SOL treasury and has shown no exchange-directed activity for a full month, choosing this specific moment to move nearly $32 million worth of Solana to Coinbase Prime, describes a deliberate decision rather than routine portfolio management. Whether the deposit represents preparation for selling, a financing arrangement, or strategic repositioning is the question the Arkham data raises — and the answer carries direct implications for Solana’s ability to hold current support levels. Forward Industries Is Sitting on a Massive Loss The Arkham data reveals the full scale of what Forward Industries has built — and what the market has done to it since. Since launching its Solana treasury strategy in September 2025, the company has deployed approximately $1.59 billion to acquire 6.83 million SOL at an average price of $232.08 per token. At current prices, those 6.83 million SOL are worth approximately $458.6 million. The unrealized loss on the position sits at roughly $1.13 billion — a drawdown of approximately 71% from the average entry price that places Forward Industries in a significantly underwater position on what was intended to be a long-term strategic reserve. Related Reading: Bitcoin’s Most Important Metric Flashes Warning As Bulls Fight To Hold $60K The context that makes the Coinbase Prime deposit alarming is the combination of that loss magnitude and the preceding month of inactivity. A company sitting on $1.13 billion in unrealized losses that has been dormant for a month and then moves $31.87 million worth of SOL to an institutional execution venue during a market selloff is a company facing questions that the deposit alone cannot answer. Whether the Prime deposit represents a financing arrangement against the existing position, a partial liquidation to manage balance sheet pressure, or a strategic repositioning decision is the question the market is now pricing into Solana’s current price action — and the answer will determine whether the $31.87 million deposit is the beginning of a larger supply event or an isolated operational movement. Solana Breakdown Accelerates As Bears Target February Lows Solana remains under intense selling pressure, with the daily chart showing a decisive breakdown below the multi-month consolidation range that held between roughly $80 and $90 throughout March, April, and most of May. After losing support near the 200-day moving average, sellers quickly regained control and pushed SOL toward the $66 area, its lowest level since the February capitulation event. Solana setting fresh lows | Source: SOLUSDT chart on TradingView The technical structure has deteriorated significantly. SOL now trades below the 50-day, 100-day, and 200-day moving averages, with all three averages sloping downward. This alignment confirms a bearish trend across multiple timeframes and suggests that rallies are likely to face heavy resistance rather than attract sustained buying. Related Reading: Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels Volume has also expanded during the decline, indicating that the recent move is supported by aggressive participation rather than a lack of liquidity. The large red candles seen during the breakdown reinforce the idea that sellers remain dominant despite oversold conditions. From a price structure perspective, the February low near $63-$65 has become the most important support zone on the chart. This area previously triggered a strong recovery and now represents the bulls’ final line of defense. A decisive break below it could open the door toward the psychological $60 level and potentially lower. Featured image from ChatGPT, chart from TradingView.com
6 Jun 2026, 00:00
AI Vs Crypto: Why D.C. Is Taking Two Different Paths To Oversight
Crypto are AI are moving fast, alongside their oversight and legislation, but they are not moving in parallel
5 Jun 2026, 21:39
Top US Banks to Launch Tokenized Deposit Network: Report
The biggest banks on Wall Street are reportedly going to launch a tokenized deposit network in the first half of 2027. The effort is being led by the Clearing House, a real-time payments company co-owned by major financial institutions including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Project to Bridge Traditional Payments with Blockchain The Wall Street Journal reports that the project, called “the bridge,” aims to connect traditional banking payment systems to blockchain infrastructure so that tokenized deposits can move instantly with 24/7 settlement. It also states that the underlying blockchain will be built through a partnership with a yet-to-be-selected third-party vendor. “This is a big move for the banks,” said Clearing House Chief Executive David Watson, who said the industry is facing a “radically different” future when it comes to on-chain payments and finance. Citi sees the initiative as an extension of the role banks already play in the financial system. The move was “another step that effectively cements” banks’ role in financing, money management, and capital markets, said Shahmir Khaliq, the firm’s head of services. At the same time, banks have been wary about stablecoins, concerned that their use could divert deposits away from the firms. Financial institutions and crypto institutions have been at loggerheads for months over recently advanced legislation that would allow the latter’s customers to earn interest from their stablecoin holdings. Demand For Adoption Remains Gradual The report states that all US banks will have access to the tokenized deposit network, with possible use cases including real-time liquidity management, programmable treasury operations, and cross-border payments. The Clearing House also expects big multinationals to be among its first users. On the other hand, Mark Monaco, head of global payment solutions at Bank of America, said clients are not “beating down the door” for tokenized deposits yet. However, he also revealed that there is growing interest in the product, further admitting that adoption would take time. JPMorgan has already dipped its toes with JPM Coin, an in-house tokenized deposit system for settling payments on its private blockchain. More recently, the firm also launched a token on Base for its institutional clients. The latest development follows last year’s discussions among major financial institutions about creating a joint stablecoin through The Clearing House and Early Warning Services. As much as this is still being explored, WSJ said that some banking executives are still unsure about the benefits that these digital assets offer outside of cross-border payments. The post Top US Banks to Launch Tokenized Deposit Network: Report appeared first on CryptoPotato .
5 Jun 2026, 19:45
Us lawmakers consider 7 crypto tax bills before June 9
🚨 Lawmakers are weighing seven separate tax bills for $BTC, targeting small transactions and mining income. 🧾 Proposals could lighten crypto tax loads and clarify staking rules. 📅 The House Ways and Means Committee will review the drafts on June 9. Continue Reading: Us lawmakers consider 7 crypto tax bills before June 9 The post Us lawmakers consider 7 crypto tax bills before June 9 appeared first on COINTURK NEWS .
