The play-to-earn title's Ethereum-linked Ronin sidechain was exploited for 173,600 ether, or about $597 million, and $25.5 million worth of the stablecoin USDC.

Rocket Lab said it will acquire satellite communications company Iridium for $54 per share, valuing Iridium at $8 billion. The deal has not yet closed, but would give Rocket Lab access to dozens of satellites already in orbit as well as key radio spectrum assets. The transaction marks Rocket Lab’s fourth acquisition this year as it looks to build an end-to-end space services platform. Iridium is publicly traded and Rocket Lab is listed on Nasdaq under the ticker RKLB, and the deal is described as a direct positive valuation catalyst for RKLB shares.

The National Highway Traffic Safety Administration (NHTSA) and the National Transportation Safety Board (NTSB) have launched a joint investigation into a fatal crash involving Tesla’s FSD (Supervised) system, after a vehicle struck a home and killed one person. Tesla has also reached a lawsuit settlement tied to a separate fatal crash in 2023 involving FSD. Rising regulatory scrutiny alongside pressure on the company’s AI narrative could weigh on FSD subscription revenue and broader market confidence.

Apple has raised prices across hardware including Macs, iPads, HomePod, Apple TV and Vision Pro, citing a global memory shortage fueled by AI, with some products up by more than $200. Counterpoint data show smartphone DRAM prices jumped 50% quarter-over-quarter in Q1 2026, while NAND Flash rose by more than 90%. The move underscores that memory supply-chain cost pressure has reached device makers, serving as a positive catalyst for Memory ETFs while creating manageable near-term profit pressure for Apple shares.

Cerebras Systems reported its first earnings since going public, posting Q1 revenue of $193 million, up 94% year over year, and narrowing its net loss to $14 million. The AI chipmaker lowered its full-year gross margin outlook to 38%–41% after deciding it would rent back some customer equipment to speed capacity deployment, which it said would pressure margins this year. The stock tumbled nearly 20% in a single session, sliding close to its IPO price.

The National Transportation Safety Board has opened a formal investigation into a fatal Tesla crash in Katy, Texas, that killed a 76-year-old resident. The victim’s family has sued the driver and Tesla, alleging negligence. Tesla said onboard data show the accelerator was pressed to the floor before the impact, overriding what it said was likely the car’s Full SelfDriving software, though it has not provided additional proof. The NTSB and the National Highway Traffic Safety Administration are expected to obtain the vehicle’s computer logs to determine what happened.

The Federal Energy Regulatory Commission has ordered six major U.S. grid operators to accelerate interconnection requests from AI data centers and other large electricity users, creating a fast-track path to the transmission system. The move shifts interconnection costs to data centers and asks operators to consider “alternative transmission technologies,” but it does not resolve the broader shortage of generating capacity. Connection queues already exceed the total capacity of the existing U.S. power-plant fleet, while data center electricity demand is expected to nearly triple through 2035. In parallel, the Trump administration has moved away from offshore wind development, including the cancellation of a 2.4-gigawatt project, reinforcing near-term reliance on natural gas generation.

Venture capitalist Chi-Hua Chien said the AI model layer is rapidly commoditizing, and that the biggest winners will be consumer applications that embed AI rather than companies that sell AI itself. He pointed to Google cutting the price of its subscription AI product from $7.99 a month to $4.99 a month as a sign that the infrastructure layer is already in a price war. Chien said application-focused companies such as Meta and AppLovin are quickly reaching hundreds of millions of dollars in ARR by using AI to deliver hyper-personalized experiences. The piece did not cite specific earnings or guidance, but emphasized a growing consensus around commercialization at the application layer.

The U.S. Federal Trade Commission has sued Genesis Tech, alleging it operated multiple deceptive subscription apps through shell companies registered in places including Cyprus and Ukraine. The FTC says the network’s apps—such as MadMuscles, PDF Guru and Lumi—generated nearly $250 million in global revenue from early 2023 to mid2025, while connected PayPal accounts processed nearly $700 million in the 12 months ending in September 2025. The complaint alleges the operation evaded Apple and Google app store enforcement by using multiple accounts and a concealed corporate structure to run autorenewal subscription fraud.