The United States Senate Banking Committee took a definitive step toward establishing a national regulatory framework for digital assets on Thursday by advancing the Digital Asset Market Clarity Act. Bitcoin Taps $82K as Senate Banking Committee Advances CLARITY Act Known as the CLARITY Act or H.R. 3633, the piece of legislation moved out of the […]

The surge in euro stablecoin interest highlights a shift towards regulated digital finance, potentially transforming the 16T euro market landscape. The post EUR stablecoin issuers see growing interest in €16T market opportunity appeared first on Crypto Briefing.

FanDuel and BetMGM are two of the biggest names in online gambling in the United States. They’ve been competing for the same players for years, and the rivalry shows no signs of slowing down. But in 2026, a new name is starting to appear in conversations about online casinos and sportsbooks — ZunaBet. Here’s a [...] The post FanDuel vs BetMGM: The Big Battle — Plus ZunaBet’s Growing Visibility appeared first on Blockonomi.

Cardano founder Charles Hoskinson said Monero represents the kind of privacy-preserving cryptocurrency Bitcoin might have become if stronger cryptographic tooling had been available at the time, praising the project’s technical design and its refusal to dilute its cypherpunk principles. Speaking in an interview with David Gokhstein, the Cardano founder framed Monero not as a marginal […]

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Solana's proactive quantum readiness could set a new security benchmark, influencing blockchain protocols to prioritize future-proofing measures. The post Solana positions itself as leader in quantum threat preparedness appeared first on Crypto Briefing.

The increased vessel transit under Iranian supervision may stabilize regional shipping routes, impacting global oil markets and geopolitical dynamics. The post 30 China-linked vessels transit Strait of Hormuz under Iranian supervision appeared first on Crypto Briefing.

Senate Banking advances the CLARITY Act as crypto market rules face fights over stablecoins, ethics, and illicit finance. The post Senate Banking Committee passes Digital Asset Market Clarity Act appeared first on Crypto Briefing.

Moody’s Ratings has assigned its highest credit rating to Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL), according to a recent announcement. Institutional Grade: Moody’s Assigns Aaa-mf Rating to Blackrock’s BUIDL The agency issued a AAA-mf rating to the fund, also known as BUIDL, on or around May 13, 2026. This classification places the tokenized fund […]

Dune cut 25% of staff as it restructures around AI tools, institutional clients, and core crypto data infrastructure. The post Dune cuts 25% of staff to sharpen focus on AI and institutional data products appeared first on Crypto Briefing.

Shiba Inu faces renewed competition as AI-focused crypto projects attract trader attention in 2026. Shiba Inu is still one of the most recognized memecoins, but its 2026 price action shows a slower story. As of today, the price of SHIB…

The rise in scams impersonating CFTC officials highlights the urgent need for increased public awareness and stronger cybersecurity measures. The post CFTC warns of rising scams impersonating its officials appeared first on Crypto Briefing.

The Iran conflict's impact on global growth and oil supply could lead to sustained inflation, affecting monetary policies worldwide. The post IMF warns Iran conflict threatens global growth, impacts oil supply appeared first on Crypto Briefing.

Interactive Brokers Launches : Trade Elections, Climate Events, and Economic Bets Seamlessly Big news for traders! Interactive Brokers, the popular brokerage firm listed on Nasdaq as IBKR, just rolled out a new unified prediction markets platform. This exciting launch brings […] The post Interactive Brokers Launches All-in-One Prediction Market Portal: Trade Elections, Climate Events, and Economic Bets Seamlessly appeared first on Blockmanity.

Redwire (RDW) stock jumped 20% after Q1 revenue rose 58% to $97M, backlog reached $498M, and the company reaffirmed 2026 guidance of $450M-$500M. The post Redwire (RDW) Stock Soars 20% on Stellar Q1 Results and $498M Backlog Milestone appeared first on Blockonomi.

Nvidia H200 chips approved for China, Cisco raises AI forecast, Cerebras IPO hits $5.55B. Today's five biggest stock movers explained in detail. The post Market Movers: Nvidia (NVDA), Cisco (CSCO), Cerebras, AST SpaceMobile (ASTS), and Ondas (ONDS) Lead Today’s Headlines appeared first on Blockonomi.

Kraken will replace LayerZero with Chainlink CCIP as exclusive cross chain infrastructure for kBTC and future wrapped assets. The post Kraken replaces LayerZero with Chainlink CCIP to secure kBTC and wrapped assets appeared first on Crypto Briefing.

Dimon's critique highlights the risk of capital flight from Europe and the UK, potentially shifting financial power towards more decisive markets. The post JPMorgan’s Jamie Dimon urges Europe and UK to clarify financial regulations or risk losing capital appeared first on Crypto Briefing.

The misuse of AI metrics at Amazon highlights the pitfalls of incentive structures, potentially skewing genuine AI adoption and innovation. The post Amazon employees reportedly use MeshClaw to game AI usage leaderboards appeared first on Crypto Briefing.

A potential $1T China-US investment deal could reshape global economic dynamics, impacting national security, trade policies, and digital assets. The post Trump considers $1T China investment deal, alarming conservatives appeared first on Crypto Briefing.

Bitcoin entered recovery mode after inflation-induced losses, while US stocks shook off macro data with broader risk appetite "skyrocketing."

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Bullish also reported adjusted EBITDA of $35.1 million, missing analyst estimates of $38 million. Crypto trading platform Bullish reported weaker-than-expected first-quarter 2026 financial results as softer digital asset trading activity weighed on revenue and profitability. According to a report from…

Dogecoin price outlook evolves as AI-focused crypto projects gain traction in 2026 market cycle. Dogecoin still has one of the strongest names in meme crypto, but its price story looks different in 2026. As of today, CoinGecko lists DOGE near…

Bitcoin Magazine Senate Banking Committee Opens Historic Crypto Bill Markup as Warren, Republicans Clash Over CLARITY Act Amendments The Senate Banking Committee opened a high-stakes markup for crypto on the Digital Asset Market Clarity Act. This post Senate Banking Committee Opens Historic Crypto Bill Markup as Warren, Republicans Clash Over CLARITY Act Amendments first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Senate Democrats intensified efforts to challenge the CLARITY Act, warning the crypto market structure bill could leave major illicit finance vulnerabilities unresolved. The push to challenge the legislation coincided with a separate request for a federal investigation into World Liberty Financial. Lawmakers Warn CLARITY Act Could Widen Crypto Finance Gaps Senate Democrats intensified criticism of […]

The redirection of vessels underscores heightened military tensions, potentially hindering diplomatic resolutions and impacting global oil flow. The post US Centcom redirects 70 vessels amid Hormuz blockade enforcement appeared first on Crypto Briefing.

Turnkey raised $12.5M to expand verifiable cloud and wallet infrastructure for stablecoins, AI agents, and onchain apps. The post Turnkey raises $12.5M to expand verifiable cloud infrastructure for crypto wallets appeared first on Crypto Briefing.

The clash highlights Europe's struggle for digital currency leadership, risking reliance on US stablecoins and delaying payment autonomy. The post Banque de France’s Beau clashes with Lagarde over digital euro plans appeared first on Crypto Briefing.

Matrixdock's expansion to Sui enhances DeFi's asset diversity, offering new strategies but necessitating scrutiny of custody and audit practices. The post Matrixdock expands tokenized silver XAGm to Sui for active DeFi use appeared first on Crypto Briefing.

The brokerage firm Interactive Brokers (IBKR) has launched a platform for trading event outcome contracts. The platform consolidates offerings from Kalshi, CME Group, and its own service, ForecastEx. The new tool is available to both retail and institutional clients. Users can trade contracts related to the economy, climate, and political elections. The company does not currently plan to add contracts for sports and pop culture. The application interface allows users to compare prices across different platforms and choose the most advantageous options, taking fees into account. “Prediction markets are changing investors' approach to risk and uncertainty. We have combined the advantages of competing platforms with the infrastructure familiar to our clients. We will soon add other major exchanges,” said Interactive Brokers CEO Milan Galik. Kalshi co-founder and CEO Tarek Mansour described IBKR as the “gold standard” in the brokerage industry. According to him, institutional adoption of prediction markets is just beginning. CME Group head Terry Duffy noted the growing retail demand for such tools. Through the IBKR platform, CME clients will be able to trade contracts on key economic indicators. The service launch comes amid rising popularity of prediction markets. Previously, Kalshi raised $1 billion at a valuation of $22 billion. Polymarket is in talks to raise $400 million, which would value the company at $15 billion if successful. Earlier in April, Bernstein analysts forecasted that prediction markets could grow to $1 trillion.

Rocket Lab posted $200M in Q1 revenue, up 63.5% YoY, while AST SpaceMobile missed estimates. Compare these two space stocks to find the better buy. The post Rocket Lab (RKLB) vs AST SpaceMobile (ASTS): Which Space Stock Deserves Your Investment in 2026? appeared first on Blockonomi.

Interactive Brokers debuts unified platform for prediction market trading across Kalshi, CME Group, and ForecastEx, with automatic best-price routing. The post Interactive Brokers Rolls Out Centralized Prediction Market Trading Hub with Kalshi Partnership appeared first on Blockonomi.

Grayscale's addition of ENA to its DeFi Fund helped trigger Ethena's strongest network growth day in over three months.

A crypto analyst has identified a Bullish Divergence on a three-day Dogecoin (DOGE) price chart that is pointing toward a fresh breakout to new highs. He believes that the emergence of this formation suggests that Dogecoin could be gearing up for a massive 500% price rally. However, his optimistic forecast does not stop there, as […]

The unified platform could significantly enhance market efficiency and accessibility, potentially transforming investment strategies globally. The post Interactive Brokers launches multi-venue prediction market platform featuring Kalshi, CME and ForecastEx appeared first on Crypto Briefing.

Popular crypto analyst believes that Bitcoin could still hit $86,000 soon despite the ongoing market slowdown that has caused its price to retreat to $79,000.

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CME Group has officially added XRP to its new Nasdaq Crypto Index ahead of the historic May 29 shift to 24/7 trading. Learn how open interest predicted this move.

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Mobix Labs (MOBX) stock soared 81% Thursday following announcement of Letter of Intent to acquire rare earth platform Special Project Delivery LLC. The post Mobix Labs (MOBX) Stock Soars 81% Following Rare Earth Minerals Acquisition Announcement appeared first on Blockonomi.

Nu Holdings (NU) reports Q1 2026 earnings Thursday. Analysts expect $0.20 EPS and $4.97B revenue as the company pursues U.S. banking expansion. The post Nu Holdings (NU) Q1 Earnings Preview: Wall Street Eyes 73% Profit Surge appeared first on Blockonomi.

Interactive Brokers announced the launch of a unified prediction markets platform on Thursday, which integrates event contracts from Kalshi, CME Group, and its own affiliate exchange, ForecastEx. IBKR Aggregates Kalshi and CME for Professional Traders The Interactive Brokers (Nasdaq: IBKR) update introduces a single interface designed to consolidate these three liquidity pools. Eligible clients can […]

The bipartisan crypto bill could reshape financial systems but raises ethical concerns about lawmakers' potential conflicts of interest. The post Senators convene for bipartisan crypto meeting ahead of Thursday vote appeared first on Crypto Briefing.

strkBTC's launch could redefine privacy in DeFi, attracting institutional investors while balancing regulatory compliance and security needs. The post Starknet launches strkBTC, a Bitcoin asset enhancing privacy with zero-knowledge proofs appeared first on Crypto Briefing.

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Barclays forecasts $1 trillion AI infrastructure spending, naming Micron (MU), Western Digital, Seagate, SanDisk, and Everpure as top memory stocks to watch. The post Barclays Predicts $1 Trillion AI Boom: These 5 Memory Stocks Are Prime Beneficiaries appeared first on Blockonomi.

Lam Research (LRCX) reached a record $300.06, surging 250% annually after beating Q3 estimates and receiving multiple analyst upgrades to $375. The post Lam Research (LRCX) Stock Surges Past $300 Milestone as Wall Street Boosts Price Targets appeared first on Blockonomi.

Nvidia (NVDA) stock climbed 2.3% after U.S. approved H200 chip sales to China tech firms. Wolfe Research reaffirms NVDA as top AI chip pick despite lag. The post Nvidia (NVDA) Stock Gains 2.3% as U.S. Approves H200 Chip Sales to China — Wolfe Maintains Top Pick Status appeared first on Blockonomi.

Bitcoin struggles to regain its footing above $80,000 as some buyers remain hesitant and heavy resistance builds overhead.

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The US Senate banking committee will hold a markup session on May 14 for the CLARITY Act, and support appears at least nominally bipartisan.

Strategy is approaching the $28 billion issuance limit on its STRC stock, but Delphi researchers pointed to other capital-raising mechanisms that may fuel its BTC accumulation.

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The crypto payments company said users in Latin America are spending digital assets on groceries, restaurants and other everyday purchases.

AI crypto sector grows to $25.7B as projects like Poly Truth target prediction market intelligence. AI tokens have become one of the main crypto stories heading into 2026. CoinGecko’s artificial intelligence category shows a market cap of $25.7 billion, with…

The introduction of a leveraged DRAM ETF could heighten market volatility and risk, especially amid fluctuating AI and memory chip demands. The post Themes ETFs files for leveraged version of Roundhill’s DRAM ETF after 98% surge appeared first on Crypto Briefing.

This innovation could stabilize AI development costs, attract diverse investors, and enhance financial strategies in tech-driven markets. The post CME Group partners with Silicon Data to launch world’s first computing power futures market appeared first on Crypto Briefing.

Bitcoin Magazine Strive’s SATA Sets U.S. First With Daily 13% Bitcoin-Backed Dividend Preferred Strive Asset Management is preparing to launch SATA preferred stock as the first U.S.-listed security to pay cash dividends every business day. This post Strive’s SATA Sets U.S. First With Daily 13% Bitcoin-Backed Dividend Preferred first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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Canton token continued outperforming the broader crypto market this week as institutional adoption catalysts and strengthening technical momentum fueled speculation that bulls could soon attempt a breakout above the key $0.18 resistance level. According to data from crypto.news, Canton (CC)…

The covert operations by Saudi Arabia and UAE in Iran heighten regional instability, reducing prospects for diplomatic resolutions and increasing conflict risks. The post Saudi Arabia, UAE conduct secret attacks in Iran, escalating regional tensions appeared first on Crypto Briefing.

CME Group is preparing Nasdaq CME Crypto Index futures tied to a cryptocurrency basket led by bitcoin, ether, and XRP. The financially settled products would come in micro-sized and larger-sized versions designed for regulated market exposure. CME Group Sets Nasdaq Crypto Index Futures Launch Date CME Group, the world’s leading derivatives marketplace, announced on May […]

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The stablecoin issuer said Hyperliquid is evolving beyond perpetual futures trading into outcome-based markets. Circle announced it is deepening its partnership with Hyperliquid by becoming the technical deployment partner for USDC on the decentralized trading platform, further embedding the stablecoin…

Chipmaker Cerebras Systems has raised $5.55 billion in its initial public offering, marking the largest IPO of 2026 amid increasing demand for semiconductors, reports Bloomberg. The firm set the share price at $185, surpassing the initially stated range of $150–160. Initially, Cerebras planned to sell 30 million shares. The market capitalization reached approximately $49 billion. The company has developed a processor nearly the size of an entire silicon wafer. This allows for 900,000 AI cores and 44 GB of high-bandwidth SRAM memory to be housed on a single device. This reduces latency and accelerates inference—particularly for LLM, where data transfer between memory and compute units often becomes a bottleneck. In certain scenarios, the company claims a tenfold or greater speed increase compared to GPU systems. Among Cerebras' key partners: OpenAI has signed an agreement to build 750 MW of capacity on the company's chips and plans to invest up to $20 billion over three years; Amazon has announced its intention to use the firm's semiconductors alongside Trainium for AI operations. Cerebras sought to manage the growing interest in the upcoming listing. The company asked institutional investors to specify the number of shares and the maximum price they were willing to pay to assess the actual level of demand. During the IPO, applications exceeded the available shares by more than 20 times. Meanwhile, Arm Holdings and its majority owner SoftBank Group attempted to acquire Cerebras weeks before the anticipated initial public offering. In June, SpaceX filed for an IPO, aiming to raise between $50 billion and $75 billion with a valuation of $1.75 trillion.

Nakamoto sold 284 Bitcoin on the last day of March just to keep the lights on. That detail, tucked inside the company’s first-quarter results released Wednesday, captures where the Bitcoin treasury firm stands heading into the second half of 2026 — growing fast on paper, but still burning through cash. Related Reading: Iran’s Hidden Crypto […]

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Boeing (BA) shares jumped 1.2% in premarket as Treasury Secretary Bessent predicted a major Chinese aircraft order during President Trump's Beijing summit. The post Boeing (BA) Stock Gains After Treasury Chief Hints at Massive China Aircraft Deal appeared first on Blockonomi.

Amazon's AI usage push highlights risks of metric-driven incentives, potentially skewing productivity and impacting decentralized AI networks. The post Amazon employees automate tasks with MeshClaw amid AI usage pressure appeared first on Crypto Briefing.

This partnership could accelerate the integration of traditional finance with blockchain, enhancing capital efficiency and broadening market access. The post Payward partners with Franklin Templeton to develop onchain investment products appeared first on Crypto Briefing.

AST SpaceMobile (ASTS) stock gained after AT&T, Verizon, and T-Mobile announced a satellite joint venture to eliminate cellular dead zones across America. The post AST SpaceMobile (ASTS) Stock Gains Momentum After Major Carriers Announce Satellite Partnership appeared first on Blockonomi.

The T3 Financial Crime Unit, established by Tether, TRON, and TRM Labs, has frozen over $450 million in illicit crypto assets. The T3 Financial Crime Unit (T3 FCU), a joint initiative by @trondao, @tether, and @trmlabs, announced that it has frozen over USD 450 million in illicit assets globally, strengthening regulatory collaboration to target cryptocurrency-related financial crimes.The initiative has… https://t.co/Q3wwbPE8oe— T3 Financial Crime Unit (@T3_FCU) May 14, 2026 Formed in September 2024, the alliance collaborates with regulators in 23 jurisdictions. In 2025, the volume of intercepted funds increased by 43.9%. Investigations involved law enforcement agencies from the United States, Spain, Germany, the Netherlands, and Bulgaria. T3 FCU aids in identifying funds linked to exchange thefts, North Korean cyberattacks, terrorism financing, and kidnappings. In urgent cases, the alliance blocks suspicious accounts within 24 hours. One of the largest cases was the Brazilian operation Lusocoin, during which authorities froze assets worth over 3 billion reals, including 4.3 million USDT. Earlier this year, the FATF described T3 FCU as an "invaluable resource for law enforcement" and highlighted it alongside the TRM Beacon Network as leading models in combating digital asset crime. According to the organization, the volume of illicit crypto flows reached a record $158 billion. “Compliance is not an option, but part of our commitment to protect users. $450 million is just the beginning,” stated Tether CEO Paolo Ardoino. TRON founder Justin Sun added that USDT on the TRON network plays a key role in global transfers, and cooperation with law enforcement enhances security without compromising blockchain transparency. Head of Global Investigations at TRM Labs, Chris Janczewski, emphasized that success depends on the combination of real-time intelligence and coordinated actions between the state and business. Back in February, Tether reported blocking assets linked to illegal activities worth approximately $4.2 billion.

Sui price pulled back this week after facing rejection near the key $1.40 resistance region, though traders continue watching for signs that bulls may be preparing for another breakout attempt. According to data from crypto.news, Sui (SUI) traded around $1.21…

Iran's control over the Strait of Hormuz disrupts global trade, highlighting geopolitical tensions and impacting oil shipment routes. The post Iran maintains control over Strait of Hormuz, impacting shipping traffic appeared first on Crypto Briefing.

Bitcoin ETFs saw $635 million in outflows on Wednesday, the largest since late January, as BlackRock’s IBIT led redemptions amid profit-taking and BTC swings near $80,000.

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As RWAs cross $32 billion and JPMorgan files for a new tokenized fund, Axis CEO Chris Kim argues that the industry is celebrating the wrong milestone.

The next major evolution of gaming may come from a rapidly growing digital universe where AI agents and humans coexist, compete, collaborate, learn, earn, and evolve together in real time.

New Street Research picks Rocket Lab, Viasat, EchoStar, and Space42 as top space stocks ahead of SpaceX's planned $2 trillion IPO. See analyst targets. The post Rocket Lab (RKLB) and EchoStar Lead Analysts’ 2026 Space Stock Picks appeared first on Blockonomi.

Bitcoin slips below $80K as inflation data pressures markets and cloud mining interest grows. On Thursday, Bitcoin prices experienced a sharp pullback, driven by higher-than-expected inflation data and escalating geopolitical tensions.  During the U.S. trading session, Bitcoin fell to $79,200,…

The sharp move highlights ongoing instability in global currency markets as traders adjust positions amid shifting expectations around monetary policy divergence between the United States and Japan. The U.S. dollar briefly weakened against the Japanese yen on Wednesday, with USD/JPY…

Here's everything most interesting regarding Pi Network and its ecosystem.

Coinbase is stepping in as the official treasury deployer for USDC on Hyperliquid under a new framework called AQAv2, ending a fragmented stablecoin setup on one of decentralized finance’s most active perpetuals platforms. Coinbase Becomes USDC Treasury Deployer on Hyperliquid as Native Stablecoin USDH Winds Down Announced Thursday, the arrangement places Coinbase at the center […]

The launch of Nasdaq crypto index futures by CME Group could significantly enhance institutional participation and market stability in the crypto sector. The post CME Group to launch Nasdaq crypto index futures covering Bitcoin, Ether, XRP as daily volumes surge 43% this year appeared first on Crypto Briefing.

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The integration could boost institutional adoption of blockchain by providing a regulated, compliant environment for tokenized asset trading. The post tZERO integrates regulated tokenization platform on Aptos L1 appeared first on Crypto Briefing.

Solana's DeFi growth highlights systemic risks and potential for public company integration, signaling broader adoption and innovation in crypto finance. The post Solana lending markets surpass $4B in deposits as new dashboard tracks Kamino and Jupiter appeared first on Crypto Briefing.

As the Senate votes on the Clarity Act, Coinbase's Brian Armstrong maps out the massive financial opportunity for US banks and tokenized funds.

CME Group (CME) stock rises following announcement of Nasdaq Crypto Index futures launch in June, expanding its regulated digital asset offerings. The post CME Group (CME) Stock Climbs on Nasdaq Crypto Index Futures Launch Announcement appeared first on Blockonomi.

Netflix (NFLX) stock down 7% YTD but JPMorgan sees 35% upside after NFL deal expansion and ad tier growth. Analysis of Q1 earnings and future outlook. The post Netflix (NFLX) Stock Gets 35% Price Target as Streaming Giant Expands NFL Deal appeared first on Blockonomi.

Cerebras Systems (CBRS) completes $5.55B IPO at $185/share with $56B valuation. The AI chip maker partners with OpenAI and AWS in historic market debut. The post Cerebras Systems (CBRS) Executes Record-Breaking $5.55B AI Chip IPO appeared first on Blockonomi.

Ethereum’s price action has been closely tied to macro liquidity conditions and institutional risk appetite. Ethereum (ETH) is currently positioned at a critical juncture as broader crypto markets attempt to sustain bullish momentum alongside improving equity market sentiment. After Bitcoin…

HPE stock hit a 52-week high after new activist investors, including Irenic Capital, took positions alongside Elliott Management's ongoing push. The post Hewlett Packard Enterprise (HPE) Stock Soars as New Activist Investors Join Campaign appeared first on Blockonomi.

In 2003 the investor Peter Thiel and the social-theory PhD Alex Karp registered a company named after the seeing-stones in The Lord of the Rings—artifacts that allow one to look across distance. In Tolkien’s tale, one palantír belonged to the wizard Saruman: through the stone he spoke with the Dark Lord and gradually crossed to his side. The name carries another symbolic layer. In Tolkien’s legendarium one stone—the Elostirion stone—did not connect its holder to the other palantíri. Its sole function was to gaze West, over the Sea, towards the elves’ lost homeland. For a company that openly proclaims the defence of Western civilisation, the reference is unlikely to be accidental. By 2026 Palantir Technologies is the main software contractor to the US Department of Defense and the intelligence services, and one of the most debated technology firms. Karp openly states that its task is “to ensure the West’s obvious superiority” and “sometimes to kill” its opponents. In 2025, together with his director of corporate communications, Nicholas Zamiska, he published The Technological Republic: Hard Power, Weak Faith, and the Future of the West. Its key thesis: Silicon Valley must “repay a moral debt to the state” and take part in the nation’s defence. We examine how Karp built infrastructure for modern war and what ideology he advances. Missing the wood for the trees The main problem Palantir addresses is structural. In America’s intelligence services a “jars of marbles” model evolved: the FBI, CIA, NSA and the police had their own databases, and sharing moved through bureaucratic requests. Each agency kept its data in a separate “vessel”—even knowing that a neighbouring agency might hold crucial information, agents could not get to it quickly. This fragmentation cost lives. One of the best-known examples is the story of John O’Neill, the FBI’s leading counterterrorism specialist. By the mid-1990s he saw cells of international radical networks, including al-Qaeda, as the chief threat to US security. He warned that terrorists had infrastructure inside the country and pressed for closer inter-agency co-ordination. Different fragments of information remained split across structures. The FBI logged suspicious domestic episodes—for instance, would-be terrorists’ interest in flight schools. The CIA, for its part, had data on a meeting of al-Qaeda-linked individuals in Malaysia and knew that two participants—Nawaf al-Hazmi and Khalid al-Mihdhar—had entered the United States on visas. But information-sharing between agencies was incomplete and conflict-ridden: FBI staff seconded to the CIA later claimed their attempts to pass the details to O’Neill were blocked inside the agency. Isolated facts never coalesced into a single picture. In the summer of 2001 O’Neill left the FBI amid internal conflicts and scandals over leaks and misconduct. In August he became head of security at the World Trade Center. On September 11th 2001 O’Neill died while evacuating people from the South Tower. Palantir built a system that unifies disparate databases into a single model of relationships. The company calls it an ontology—a structure where objects, events and people are linked by explicit relations. An address connects to an owner, a transaction to accounts, a call to subscribers and geolocation. Such a model lets analysts quickly spot patterns that once took weeks of manual work. In 2005 Palantir’s first institutional backer was In-Q-Tel, a venture fund set up by the CIA in 1999 to finance dual-use technologies. It put in about $2m and for several years remained the company’s only outside investor. In 2011 Bloomberg reported that Palantir’s technology had become a key tool for US intelligence in the “war on terror” and was used to analyse data in counterterrorism operations. For its first years Palantir Technologies was almost absent from public view. It seldom spoke to the press, shunned publicity and built its business largely around contracts with US government bodies. Palantir engineers worked directly at customers’ sites—in intelligence, the military and law enforcement. In tech and defence the firm was well known, but to the wider public it remained invisible. Even in Silicon Valley many could not quite grasp what Palantir actually did: a “Google for spies”, or just a very expensive database. Gotham, Foundry and AIP Palantir develops three core products: Gotham—a platform for the military, intelligence and law enforcement. It is named after the city (“that is never safe”) from Batman comics. The platform pulls data from satellites, ground sensors, signals intelligence, legacy databases and battlefield channels into a single pane. It can task sensors (for example, direct a reconnaissance drone to co-ordinates), identify targets and suggest weapons employment options. In military parlance this is the “kill chain”. Foundry—the civilian version. ExxonMobil uses it to optimise extraction, Swiss Re to assess risks, and media group Ringier to manage subscribers. In Australia Foundry has been deployed at the Coles supermarket chain. Artificial Intelligence Platform (AIP)—an AI layer launched in 2023. AIP sits atop Gotham and Foundry and lets users converse with data in natural language. An operator asks: “What hostile forces are in this area?” The system queries connected sources, composes an answer and proposes actions. Daniel Trusilo—formerly a US Army officer who served in Iraq, later an AI-ethics researcher at the University of St Gallen—notes a crucial feature of Palantir: the same technological base is used for dual purposes. In his words, “the same software that optimises supply chains now runs military operations.” The ChatGPT moment For years Palantir lost money. After listing on the New York Stock Exchange in 2020 its shares went nowhere. Analysts struggled to see how the firm could make money in the civilian sector—too niche a product. That changed with large language models (LLMs). When ChatGPT arrived in late 2022, Palantir argued that its long bet on ontologies and a semantic data layer had suddenly become valuable. “We were pleasantly surprised to discover how closely the world we had been building lined up with the era of large language models. It became clear: you cannot realise the potential of LLMs without such structures,” said the company’s CTO, Shyam Sankar. In another interview he also said that “in many ways all the work on Foundry and Gotham seemed to be waiting for the arrival of large language models.” Palantir’s logic is that LLMs are unreliable on their own without structured context. A language model needs a layer that connects a text interface to the objects, events and real processes inside an organisation. That is the role the company assigns to ontologies—a system of relations among people, transactions, devices, documents and actions. Palantir rewrote its roadmap, embedded LLMs into its products and launched AIP. From that moment the shares began to climb. PLTR since listing through May 2026. Source: TradingView. In 2023 PLTR rose 167%, in 2024—340%. In the first half of 2025 Palantir became the top performer in the S&P 500 and Nasdaq-100. The Technological Republic In 2025 Karp and Palantir’s communications chief, Nicholas Zamiska, published The Technological Republic: Hard Power, Weak Faith, and the Future of the West. In spring 2026 the company posted a condensed version on X in 22 theses. The thread spread across social media and sparked debate far beyond tech: some saw an attempt to justify a tighter alliance among technology companies, the state and the military; others, a near-complete political programme of techno-nationalism. Because we get asked a lot.The Technological Republic, in brief.1. Silicon Valley owes a moral debt to the country that made its rise possible. The engineering elite of Silicon Valley has an affirmative obligation to participate in the defense of the nation.2. We must rebel…— Palantir (@PalantirTech) April 18, 2026 In the preface the authors write: “A reckoning has come for the West. The loss of ambition and interest in scientific and technological achievement, accompanied by a decline in state-led innovation in such key areas as medicine, space exploration, and military development, has produced an innovation gap.” Silicon Valley, in their view, went the other way—to a world dominated by “online advertising, shopping, social networks and video platforms”. From this premise the manifesto unfolds. The engineering elite of Silicon Valley “must take part in the defence of the nation and in formulating a national idea: what this country is, what we value, and what we stand for.” The age of soft power, Karp argues, is ending: “For free and democratic societies to prevail requires something more than moral superiority. It requires hard power, and in this century hard power will be built on software.” The atomic age of deterrence, the authors argue, is also passing. In its place comes AI-based deterrence: “We are building software that can become a weapon of mass destruction. The potential integration of AI with armaments creates risks, especially if programs acquire self-awareness and their own intentions. But the call to stop development is wrong. Our adversaries will not waste time on theatrical debates about the merits of designing technologies that are strategically vital to military security. They will act,” write Karp and Zamiska. The red threat The ideology of the Technological Republic does not remain on paper. It is backed by political infrastructure whose scale became evident in 2026. Leading the Future—a super PAC created to defend the AI industry’s interests—has amassed over $140m in donations and commitments. Among the main sponsors are OpenAI co-founder Greg Brockman, Palantir co-founder Joe Lonsdale and the venture firm Andreessen Horowitz. Palantir as a company says it made no corporate donations. OpenAI says the same. But their key figures are the fund’s largest individual donors. In May 2026 WIRED journalist Taylor Lorenz revealed that Leading the Future’s affiliate—a nonprofit called Build American AI—funds native ads on TikTok and Instagram. Influencers are offered $5,000 per video with the message: China threatens America’s AI leadership, and this affects everyone. Sample scripts include lines such as: “I learned that China is trying to overtake the US in AI. If they succeed, my data and my children’s data could end up under China’s control.” The ads are labelled as paid partnerships, but the sponsor—Build American AI—is not named. The campaign’s rhetoric mirrors Karp’s main theses. “We will be the dominant player or China will be the dominant player—and the rules will depend on who wins. […] When people worry about surveillance—yes, there is a danger, but you will have far fewer rights if America is not the leader,” he said in an interview with Axios in November 2025. In parallel, Leading the Future is campaigning against lawmakers seeking to regulate AI. The most high-profile case is an attack on New York State Assembly member Alex Bores, a co-author of the RAISE Act—among the first American AI-safety laws. According to The New York Times, the super PAC is spending millions to discredit the inconvenient politician. Bores explained it this way: “They want to beat me up politically so badly that in the future, when AI regulation comes up, politicians run the other way. They want to make an example out of me.” The situation around Palantir is part of a broader shift. In February 2026 OpenAI signed a contract with the Pentagon to supply language models for the military. The deal followed Anthropic—OpenAI’s chief rival—walking away from talks after refusing to lift restrictions on mass surveillance and autonomous weapons. The Trump administration in response designated Anthropic a supply-chain risk and ordered its tools wound down within six months. OpenAI took the vacated spot. The full text of the Pentagon agreement was not disclosed. Brad Carson, a former general counsel of the US Army, commenting on excerpts and contractual language released by OpenAI, said: “They are trying to blind you with complex legal terms that ordinary people understand quite differently. Lawyers know what that means. And lawyers know it is no constraint at all.” A partial truth Alex Karp does not try to seem nice. He does not speak the language of “innovation” and “transformation”: his rhetoric revolves around global rivalry and technological dominance. He believes the West is in a race with China that will set the balance of power for generations. In an extended essay an analyst writing as MachineSovereign describes Palantir not as the West’s saviour but as “the infrastructural layer through which the state increasingly sees, coordinates, decides, and acts.” Formal institutions keep their powers: they authorise decisions, speak in public and uphold symbolic legitimacy. But the operational layer is shifting into technical infrastructure that determines what the state is able to see, analyse and use for decision-making. Karp’s supporters respond that the world is moving this way regardless. Spurning such systems will not stop their development—only hand the initiative to those who will build similar tools without regard for human rights, transparency and public oversight. In this logic the question is no longer whether such platforms will appear, but who will control them and in the interests of which political systems they will work. The palantír in Tolkien is an instrument that does not lie outright, but shows only part of reality. He whose will is stronger can impose on others his own picture of the world. Palantir, Anduril, Mithril, Erebor, Narya—Silicon Valley long ago turned Middle-earth into a catalogue of brands for defence and technology start-ups. Tolkien would likely have greeted this without enthusiasm. He deeply mistrusted industrialisation and the concentration of power—motifs that run through all his work. He wrote about a world in which danger lay not in the power of weapons but in a monopoly on knowledge. The palantíri doomed not because they showed falsehood, but because they showed a selective truth: the stone’s owner decided which slice of reality the onlooker would see. Modern data-analysis platforms are gradually changing the very mechanism of governance. Who sees threats first, who sets priorities, who wins the right to interpret reality for everyone else—such questions are moving from politicians’ offices to contractors’ server rooms. In the AI era you do not need to forbid access to information. It is enough to decide what people should see. Text: Sasha Kosovan

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