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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
05/16/2026 08:37 PM Ten Stocks Are Holding the S&P 500 Together While the Rest of the Market Lags Behind
TLDR: Only 10 stocks contributed 69% of the S&P 500’s 16% rally, leaving 490 companies largely behind. Microsoft, Alphabet, and Amazon pledged a combined $570B+ in AI spending, fueling the tech surge. The equal-weight S&P 500 gained just 7–8%, less than half the performance of the standard index. Goldman Sachs warned that market breadth has [...]
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05/16/2026 08:29 PM The Compute Cartel: How Microsoft, Amazon, and Google Control Every Major AI Lab
TLDR: Amazon, Microsoft, and Google invest billions in AI labs, then collect that money back as locked-in cloud revenue. Within 16 days, three megadeals handed Anthropic compute from Amazon, Google, and SpaceX simultaneously. xAI failed to operate independently and was forced to lease its GPU data center directly to rival Anthropic. Regulators in the US, [...]
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05/16/2026 08:07 PM BlackRock in Talks to Invest Up to $10 Billion in SpaceX IPO Ahead of June Listing
TLDR: BlackRock is reportedly in discussions to commit between $5 billion and $10 billion to the SpaceX IPO offering. SpaceX is targeting June 11 for IPO pricing and June 12 for its market debut on the Nasdaq exchange. The offering could raise around $75 billion, valuing SpaceX at approximately $1.75 trillion at listing. Morgan Stanley, [...]
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05/16/2026 07:53 PM Bitcoin On-Chain Data Signals Bull Market Consolidation as Profit-Taking Pressure Eases
TLDR: Bitcoin’s Daily Realized Profit/Loss Ratio 30DMA has dropped sharply, signaling fading profit-taking pressure. A realized-loss spike points to a localized panic-sell event typical of mid-cycle corrective resets, not tops. Adjusted MVRV remains above bear market transition zones, reflecting mid-cycle normalization rather than breakdown. Bitcoin holds above long-term realized value benchmarks despite contracting profitability, showing [...]
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05/16/2026 07:47 PM Dunamu Posts 78% Profit Drop as Crypto Trading Slump Hits Upbit’s Fee-Driven Revenue
TLDR: Dunamu’s Q1 operating profit dropped 78% year-on-year, falling to 88 billion won from 396 billion won. Transaction fees make up 97% of Dunamu’s revenue, making it highly exposed to crypto market slowdowns. Hana Bank acquired a 6.55% stake in Dunamu as part of a 1 trillion won investment agreement. Naver Financial agreed to acquire [...]
The post Dunamu Posts 78% Profit Drop as Crypto Trading Slump Hits Upbit’s Fee-Driven Revenue appeared first on Blockonomi.
05/16/2026 03:41 PM Stablecoin Infrastructure Has Gone Regional: The $400B Map Reshaping Cross-Border Payments
TLDR: Stablecoin payment volume reached $400B in 2025, with 60% of transactions driven by B2B activity. Bridge covers 35 countries but holds zero local rail presence in APAC, exposing critical coverage gaps. Conduit operates at roughly 10 bps on FX, compared to Bridge’s fee of up to 1% per transaction. Fasset hit $32B annualized across [...]
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05/16/2026 02:30 PM Intesa Sanpaolo Doubles Crypto Holdings to $235 Million in Q1 2026 With New ETH and XRP Positions
TLDR: Intesa Sanpaolo more than doubled its crypto exposure from $100M to $235M in the first quarter of 2026. The bank entered Ethereum for the first time via BlackRock’s iShares Staked Ethereum Trust with 3.1M shares. A new XRP position through Grayscale XRP Trust held 712,319 shares, valued at around $18M on March 31. Solana [...]
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05/16/2026 02:24 PM CLARITY Act Advances Through Senate Banking Committee in Landmark Bipartisan Vote
TLDR: The CLARITY Act passed the Senate Banking Committee 15-9 after a last-minute bipartisan deal during the markup itself. Senators Alsobrooks and Gallego voted yes in committee but have not committed to supporting the bill on the Senate floor. An ethics provision barring officials from financial interests in digital assets remains the top Democratic demand [...]
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05/16/2026 01:58 PM BNB Chain Targets 20,000 TPS as Stablecoins, RWAs, and AI Agents Drive 2026 Strategy
TLDR: BNB Chain processes around 40% of all global stablecoin transactions, with millions of monthly active users. Over 179,000 AI agents currently use BNB Chain as a financial layer, a major share of all onchain agents. The network holds roughly $4 billion in RWA assets and supports approximately 60,000 RWA holders onchain. BNB Chain plans [...]
The post BNB Chain Targets 20,000 TPS as Stablecoins, RWAs, and AI Agents Drive 2026 Strategy appeared first on Blockonomi.
05/16/2026 01:10 PM Caesars vs DraftKings: Why Some Players Are Exploring ZunaBet
Caesars and DraftKings are two of the most recognised names in regulated US online gambling. Between them they cover sports betting, online casino, and loyalty programs that tap into decades of brand equity. For millions of American players they represent the default choice. But in 2026 a growing segment of players — particularly those operating [...]
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