a16z crypto-backed Gensyn launches Delphi, an AI-settled information markets platform
The Block·60-word summary·1 min read
Gensyn, backed by a16z, launched Delphi, an AI-settled information markets platform. Creators earn 1.5% of market volume as a fee when markets settle successfully. The platform aims to leverage AI for decentralized information trading, potentially transforming how data markets operate in Web3. The project highlights AI and blockchain integration in new decentralized finance models.
Pudgy Penguins' PENG token has experienced significant gains, posting double-digit increases amid a surge in utility memecoins. The rising interest in memecoins reflects growing enthusiasm in the Web3 space, with PENG gaining attention as a notable example. The trend highlights the increasing popularity of memecoins and their potential for substantial short-term gains in 2026.
Tencent has joined Alibaba in pursuing a stake in DeepSeek, a startup valued at over $20 billion. This move underscores the increasing competition among tech giants to secure AI investments amid rising geopolitical and scaling challenges. The funding shift highlights the growing importance of AI startups in the Web3 ecosystem and the strategic focus of major companies on AI development.
Vertiv (VRT) stock fell over 5% after its revenue forecast disappointed Wall Street. In Q1, Vertiv reported adjusted EPS of $1.17, beating estimates by $0.17, and revenue of $2.65 billion, up 30% year-over-year. The company raised full-year EPS guidance to $6.30–$6.40, but its revenue guidance of $13.75 billion was slightly below expectations.
Stratiphy has gained UK IFISA approval, enabling investors to access crypto exchange-traded notes (ETNs) tax-free. This move aligns with recent UK regulatory changes that now allow Crypto ETNs within IFISAs. The company’s integration offers a compliant, tax-efficient way for investors to participate in crypto markets, amid rising demand for such financial products.
CME Group reported its best quarter ever in Q1 2026, with record revenue of $1.9 billion, up 14% year-over-year, and net income of $1.2 billion, a 20% increase. Despite these strong results, CME stock dipped. The company also saw a 22% rise in average daily volume to 36.2 million contracts across all six asset classes.
US-Iran talks collapsed over uranium issues, making a ceasefire deal by April 30 unlikely. The breakdown increases geopolitical tensions, raising concerns about regional stability and impacting global markets. The failure of negotiations underscores ongoing conflicts and the challenges in reaching diplomatic agreements, with significant implications for international relations and the broader Web3 ecosystem.