Citadel Warns of AI Token Spend Decline; Tether Leads $1.4B Robotics Round; Mastercard and Solana Make Crypto Moves
Citadel Securities released a macro note arguing that AI adoption is slowing due to cost concerns, with examples like Amazon, Microsoft, and Meta cutting internal token-based programs. This comes ahead of major IPOs including SpaceX, which is expected to trade at $1.77 trillion, and Anthropic and OpenAI's filings. Citadel warns that frontier AI will concentrate among a few well-funded firms, potentially causing a liquidity crunch as these IPOs absorb capital. Separately, Tether led a $1.4 billion Series C for humanoid robotics firm NEURA Robotics, with Nvidia and Amazon also participating, marking Tether's expansion into physical AI. Mastercard launched Agent Pay for Machines, enabling AI agents to settle payments via cards or stablecoins, with integration from Coinbase, Ripple, and Solana. Solana also became a sponsor of the World Series of Poker, allowing tournament entry and payouts in SOL or stablecoins. The crypto market rebounded with BTC at $63.1k, ETH at $1,670, and SOL at $65.70. Raydium lost $1.34 million due to an exploit of deprecated liquidity pools. Fold Holdings sold Bitcoin to eliminate debt, doubling its share price. Delaware lawmakers advanced a bill to ban Bitcoin and crypto ATMs statewide.
Key facts
- Citadel warns AI token spending is declining due to cost concerns, ahead of major IPOs.
- Tether leads $1.4B Series C for NEURA Robotics, with Nvidia and Amazon backing.
- Mastercard launches Agent Pay for Machines, enabling AI agent payments via stablecoins.
- Solana sponsors World Series of Poker, allowing SOL and stablecoin tournament entries.
- Raydium loses $1.34M from exploit of deprecated liquidity pools on Solana.