Citadel Highlights AI Token Spend Concerns Amid SpaceX IPO
- Crypto majors, including Bitcoin, rebounded by 2-3%, with BTC reaching $63k.
- Citadel Securities warns of reduced AI token spending as major IPOs, like SpaceX’s $1.77 trillion valuation, approach.
- Tether leads a $1.4 billion funding round for NEURA Robotics, alongside Nvidia and Amazon.
- Mastercard launches AI Agent payments in collaboration with Coinbase and Ripple.
- Solana sponsors the World Series of Poker, enabling tournament buy-ins and payouts in SOL or stablecoins.
Amidst upcoming large-scale IPOs like SpaceX’s, Citadel cautions about declining AI token spending due to cost concerns across major tech firms such as Amazon and Microsoft. This comes as Tether invests significantly in robotics through NEURA Robotics’ funding round.
(Source)
