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Shares of IREN Ltd. (NASDAQ: IREN), an AI cloud and data-center operator, fell more than 4% to $23.90 in premarket trading Monday after Elon Musk warned that hundreds of specialized AI cloud providers could go out of business or be forced to merge. Musk also ruled out SpaceX acquiring any neocloud companies.
The decline coincided with share-price declines in fellow AI infrastructure companies CoreWeave (CRWV) and Nebius Group (NBIS).
In a Sunday post on X, Musk said lenders had nearly stopped providing financing to companies without substantial revenue outside AI data centers. He predicted that more than 200 neocloud providers would face what he called “guppy-level death and consolidation,” adding that only a small number would survive.
Responding to speculation that his comments were intended to push down neocloud stock prices ahead of potential acquisitions, Musk wrote, “SpaceX is not buying any neoclouds. Pointless.”
Musk also said SpaceX had closed $40 billion in debt financing to purchase graphics processing units, or GPUs, used in AI computing. He attributed the company’s access to borrowing to its investment-grade credit rating and revenue from Starlink satellite services and rocket launches.
However, Bloomberg reported that discussions over the debt’s pricing remained ongoing as of late Sunday and that the financing had not yet been priced, despite Musk’s statement that the deal had closed.
IREN Shares Trade Below Previous 52-Week Low in Premarket
IREN shares had already fallen about 47%, from $47.05 on September 23 to $24.905 at Friday’s close. Monday’s $23.90 premarket quote placed the stock nearly 69% below its 52-week high of $76.87 and below the previous regular-session 52-week low of $24.855, recorded October 22.
Short interest in IREN stood at 81.65 million shares as of September 30, up from 55.88 million at the end of March but below the 98.22 million shares reported at the end of July.
Separately, IREN Limited Tokenized bStocks (IRENB) was trading at $23.91, down 3.28% over 24 hours, according to CoinMarketCap. The tokenized instrument’s 24-hour performance is separate from the Nasdaq-listed shares’ premarket movement.
Gartner Forecasts Widespread Neocloud Consolidation by 2030
Musk’s warning followed an October 14 Gartner report predicting that more than 80% of neocloud providers would cease operating independently by 2030 because of rising costs and insufficient differences between competing business models.
Gartner estimated that spending on AI-optimized infrastructure-as-a-service (IaaS) would rise from $66 billion in 2027 to $174 billion in 2030. Despite that growth, the research firm warned that most AI computing providers would struggle to recover their infrastructure investments before the current generation of AI chips is replaced.
The forecast concerns the industry’s loss of independent operators, including through consolidation, rather than necessarily the closure of every affected business. It does not establish that IREN itself will fail or lose its independence.
IREN is scheduled to report its fiscal first-quarter 2027 financial results on November 5, followed by a conference call at 5 p.m. Eastern Time.
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October 22 brought a new financing partnership for the XRP Ledger, an interest-paying digital deposit from SoFi and expanded trading capabilities at Uniswap. The day’s announcements also included regulatory action against Coinbase Ireland, a major venture-capital rebrand and a governance decision at Starknet.
Ripple and Arf Target Payment Firms’ Funding Needs
Ripple and Arf announced a partnership to provide licensed payment companies with short-term financing in RLUSD through the XRP Ledger. The funding is intended to cover the period while international payments settle, with Arf’s financing typically repaid within one to five days. A later phase would use XRPL’s proposed native lending features once the required amendments are activated.
SoFi Introduces a Tokenized Deposit Paying 4.40% APY
SoFi unveiled SOFIE, a tokenized bank deposit offering a variable 4.40% annual percentage yield, with deposits eligible for FDIC insurance within applicable limits. Customers can exchange SOFIE for SoFiUSD at a one-to-one rate, then use the stablecoin for crypto purchases or transfers to supported external wallets. Access is being introduced to SoFi Crypto members in stages through November.
Uniswap Expands Access to Liquidity From Other Exchanges
Uniswap Labs activated aggregator hooks on Ethereum, Base and Robinhood Chain, allowing its trading system to draw on liquidity from external platforms. Seven sources are available initially through the web app and API, giving the system additional prices and trading routes to compare. Swaps using these connections also generate protocol fees that contribute to UNI token burns.
Coinbase Ireland Receives €3.25 Million Penalty
Ireland’s central bank announced a €3.25 million penalty against Coinbase Ireland for shortcomings in protecting customer funds and overseeing outsourced operations. The settlement was reached on October 21 and disclosed on October 22, with the sanctions still requiring High Court confirmation. Coinbase said it had corrected the issues and that customers had neither lost money nor been prevented from accessing their funds.
Starknet Voters Support Research Into an Independent Blockchain
A Starknet poll that closed on October 22 recorded more than 93.5% of voting power in favor of researching a transition from an Ethereum Layer 2 into an independent blockchain designed for post-quantum security. StarkWare plans to prepare a draft whitepaper for public review in November. Any actual network transition would require further governance approval.
a16z Crypto Adopts the Frontier Name and Broadens Its Focus
Andreessen Horowitz announced that a16z Crypto is becoming a16z Frontier as its new fund expands into a wider range of emerging technologies. Managing partner Chris Dixon identified opportunities around artificial intelligence, new computing devices and other businesses that may take years to develop. The firm said cryptocurrency investments and its work on crypto regulation will continue under the broader mandate.
Dune Launches Faster Data Feeds for Onchain Markets
Dune introduced a market-data service that delivers information about blockchain trades roughly one second after execution, according to its announcement. Its spot coverage spans more than 200 trading venues across 12 networks, while a separate feed covers perpetual futures on Hyperliquid and Lighter. The service supplies standardized trade details and links them to the underlying blockchain transactions.
Fireblocks Rejects Report of Acquisition Talks With Visa
Fireblocks disputed an October 22 Axios report claiming Visa was in advanced discussions to acquire the company for approximately $2.5 billion. In a response to The Block, Fireblocks said the reported talks were untrue at that time, while Visa declined to comment. The companies have announced no acquisition agreement.
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暗号資産アナリストのMasterAnandaは、強い回復に先立ち、#Cardano が長期にわたる弱気相場の終わりに近づいている可能性があると主張している。
アナリストは「念のための注意喚起」として、予想される強気トレンドが実現した場合、投資家がCardanoを同じような低価格で買える機会は二度とないかもしれないと警告した。
見通しを裏付けるため、MasterAnandaはCoinbaseのADA/USDTの3日足チャートを共有した。チャートは、2024年後半のCardanoの上昇後に続いた長期的な下降トレンドに加え、下降ウェッジと長期にわたる弱気相場を示している。また、約2カ月かけて形成されたラウンドボトムも確認できる。

XRPチャート、2017年の強気相場の上昇幅を現在の状況に当てはめる――青いラインが示す意味とは。
Patrick L Rileyが共有したXRPの週足チャートは、2017年の歴史的な上昇幅を現在の市場構造に当てはめ、その動きと直接比較しています。
XRPの週足チャートでは、青い垂直の測定線を使い、現在の構造と2017～2018年の歴史的な強気相場を比較しています。約1ドル付近を起点とした約66,000%の上昇が再現されると仮定した場合、計算上の上値目標は650ドル付近となります。ただし、まずはXRPがマクロ的なサポートを維持し、下降レジスタンスを上抜ける必要があります。画像提供：@Acquired_Savant、チャート作成：The Crypto Basic

アナリストのジャニス・アンドレウ氏は、カルダノ（ADA）が0.90ドルに到達する可能性のある道筋を示した。現在の価格と目標価格の間には、4つの主要なレジスタンスゾーンがある。
同氏はXへの投稿で、長期にわたる下落から回復し、0.15～0.19ドル付近で価格の底固めを試みるADAの週足チャートを共有した。基準価格の0.2555ドルから0.90ドルに到達するには、ADAは約252％上昇する必要がある。
一方、上昇にはいくつかの重要な壁が立ちはだかっており、ADAが上昇の勢いを保つには、各レジスタンスゾーンを突破しなければならない。