Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Elon Musk warned that more than 200 AI cloud providers face failure or consolidation as financing tightens, raising concerns for Bitcoin miners expanding into AI infrastructure. Meanwhile, China set a 2030 target for completing its national blockchain network and Ethereum developers delayed the Glamsterdam upgrade on the Hoodi testnet after researchers identified potential smart contract security risks.

Elon Musk warns that over 200 specialist AI cloud providers could fail or consolidate as lenders tighten up their purse strings.

Musk said Sunday on X that lenders had largely stopped providing financing to companies without substantial revenue streams outside AI data centers. He said SpaceX had secured $40 billion in debt financing for GPUs because of its investment-grade status and revenue from its Starlink satellite internet and rocket businesses. 

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