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AI & Enterprise

Why payment company Stripe is betting big on OpenRouter

After months of takeover talk, reports say Stripe has agreed to buy AI inference routing service OpenRouter for more than $8 billion. OpenRouter connects developers and companies to multiple AI models through a single API and interface. Bankless writer David Christopher said the deal can be viewed through the lens of growing payment demand from AI agents. OpenRouter charges a 5.5 percent fee when users top up credits and had annualised revenue of about $140 million as of late July.

Crypto

Hayes floats $1 million bitcoin call, focuses on AI debt crisis

Arthur Hayes says bitcoin could rise to $1 million if an AI infrastructure investment boom falters on debt problems and authorities restart large-scale liquidity support. He argues AI absorbed new liquidity first, and a later credit shock could redirect policy funds into crypto. Others cite narrowing market breadth, high valuations in top S&P 500 companies and rising private credit exposure to AI. Critics say risk-off selloffs can drag bitcoin down first.

Crypto

BitMine buys another 127,000 ether, raises holdings to 4.59% of supply

BitMine Immersion Technologies has increased its ether holdings to 5,543,872 ETH, equivalent to 4.59% of total ether supply. The company bought about 127,000 ETH over the past week, moving closer to its goal of holding 5% of supply, which it calls “Alchemy of 5%.” It said 4.72 million ETH is staked and outlined expected annualised returns from staking. The firm also reported holdings of 204 bitcoin and $247 million in cash.