The day in tech.

Thirty-nine US state banking associations formed the BankChain Alliance to build a nationwide, industry-owned blockchain network targeting a 2027 launch. The network will support smart payment tools, tokenized deposits, stablecoins, and automated settlement, and will invite banks nationwide to take ownership stakes.

Apple updated its desktop lineup with the M6 Mac mini and M5 Mac Studio. The M6 chip uses a 2nm process with a 12-core CPU and GPU. The Mac Studio adds the M5 Ultra, Apple's most powerful chip. Pricing starts at $899 and $2499 respectively.

SpaceX will build its largest launch site, Starbase, in Louisiana at a cost of $100bn. Construction starts next year on 125,000 acres, supporting thousands of Starship flights annually. First launch is targeted for 2029, adding over 3,000 jobs.

WiseTech's AI revamp led to an output surge and the end of manual code. The company's shift to AI-driven development eliminated manual coding, resulting in significantly increased productivity across its operations.

Investing $7tn in AI data centres carries significant financial risks. The massive capital outlay could face challenges from shifting demand, technological change, and potential overcapacity. Returns depend on sustained AI adoption and efficient infrastructure utilisation.

YMTC, seeking to raise $5B in an IPO, told investors it aims to become the largest NAND flash supplier by the end of 2027. The company outlined this goal during IPO preparation meetings.

Kalshi raised $1.12 billion via a private equity offering since April, according to its latest SEC filing. The filing details the substantial capital influx for the prediction market platform.

The Fear & Greed Index reached 74 on Tuesday, its highest since just before October's $19 billion wipeout, after sitting at 27 less than two weeks ago. The jump shows traders rapidly shifting from caution to risk-chasing behavior.

Digs, which builds AI software for residential construction, raised a $25.3M Series A led by building materials giant Builders FirstSource. The funding supports the company's AI tools for homebuilding projects.

China's YMTC aims to overtake Samsung and SK Hynix in the flash memory race. The company is targeting leadership in NAND flash technology, challenging the current market dominance of the two South Korean giants.