News

According to BlockBeats, on May 16, on-chain analyst Ai Aunt (@ai_9684xtpa) monitored that a smart money address, which in 2016 accumulated 11,004 ETH at an average price of $3.45 and eventually made a profit of $30.38 million, has accumulated ETH again after one year. One hour ago, the address bought 647.137 ETH on-chain at an average price of $2,211.49, worth $1.43 million. The address currently still holds 14.19 million USDC.

BlockBeats News, May 16th, the U.S. AI chip company Cerebras Systems officially landed on the Nasdaq, becoming the world's largest IPO since 2026, raising approximately $5.55 billion, with a peak intraday surge of 108% and a first-day closing market value of $67 billion. The company is known for its wafer-scale giant AI chip architecture, seen by the market as a key competitor challenging Nvidia's GPU dominance, and has received computing power orders from several AI companies including OpenAI. Of note, the investor list includes 1789 Capital, in which Donald Trump Jr. is involved. The institution has participated in two rounds of Cerebras funding since 2025 and has continually increased its position in subsequent funding rounds. Prior to the IPO, Cerebras completed multiple rounds of financing, with a valuation soaring to $23 billion at one point, attracting participation from institutions and industry giants such as Benchmark, Fidelity, and AMD, forming a diverse shareholder structure covering Silicon Valley and Wall Street. Analysts point out that this IPO is not only a significant milestone in the AI chip race but also further amplifies the trend of capital concentration in the AI infrastructure field. The involvement of politically affiliated investment firms in the transaction has added more market and public attention to the deal.

BlockBeats News, May 16th - American real estate investor Barrett Linburg proposed a tax structure idea regarding a potential SpaceX IPO in an article. He mentioned that if SpaceX were to go public with the ticker symbol SPCX and achieve a valuation of $2 trillion, Musk could sell his shares after the lock-up period and reinvest the capital gains into a qualified opportunity fund to benefit from long-term deferred or even tax-free treatment. This plan envisions Musk utilizing the opportunity zone where Texas Starbase and the chip manufacturing project Terafab are located to make infrastructure investments. SpaceX would then lease back the related assets to achieve capital gains deferral, depreciation tax benefits, and long-term tax-free exits. Subsequently, Musk himself briefly responded on social media, saying, "I am not selling any shares."