ForkLog — digital economy, AI, singularity, future is now

Vitalik Buterin Proposes Crash-Resistant Synthetic Asset ModelVitalik Buterin introduced a concept for synthetic assets based on options, avoiding traditional debt.

Ethereum co-founder Vitalik Buterin introduced a concept for recreating synthetic assets based on options instead of traditional debt positions.

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News and Analysis5

Florida Sues OpenAI and Sam Altman Over Child Safety ConcernsFlorida accuses OpenAI of promoting ChatGPT to teens, demands ban and fines.

Florida has accused OpenAI and CEO Sam Altman of aggressively promoting ChatGPT among teenagers and demanded a ban on controversial practices with fines.

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News and Analysis8

Cryptocurrency Treasury Inflows Hit Lowest Level Since October 2024In May, inflows to digital asset treasuries dropped significantly.

In May, inflows to companies with digital asset treasuries (DAT) amounted to $180.5 million, compared to $4 billion the previous month.

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News and Analysis11

Russian Capital on Foreign Crypto Exchanges Falls to 720 Billion RublesRussian citizens' funds on foreign CEX fell 23% to 720 billion rubles by March end.

By the end of March, the funds of Russian citizens on foreign CEX decreased by 23% compared to the previous two quarters, reaching 720 billion rubles.

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Longreads

Longreads18

AFX vs HyperliquidWhy the market needs another perp-DEX

ForkLog examines how AFX is designed and how its approach differs from Hyperliquid.

Human+AI

Longreads14

Dopamine and Uncertainty: How Perpetuals Turn Crypto Markets Into a CasinoHow perpetuals hook traders on uncertainty and make crypto feel like a 24/7 casino.

How trading becomes a game of chance that’s harder to quit than it looks.

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Longreads30

Bring Back Web 1.0Who gains from search’s demise—and can the cozy old internet become a form of resistance?

Web 3.0, metaverses and AI are ushering in a truly post-human internet. Will the new hero be the one who builds another Web 1.0?

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Longreads7

Johnny No Longer MnemonicRevisiting Mike Leigh's "Naked" as a film about a cypherpunk who didn't know it.

Revisiting Mike Leigh's "Naked" as a film about a cypherpunk who didn't know it.

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OneLiners

OneLiner

Analyst Predicts Imminent Launch of Grayscale’s HYPE-ETF

Grayscale has submitted a sixth amendment to its application for an ETF based on Hyperliquid (HYPE), introducing the ticker HYPG and a fee of 0.29%. Bloomberg analyst James Seyffart stated that the fund's launch is "inevitable" and could happen as soon as this week.

OneLiner

Keyrock to Acquire Bankrupt BlockFills’ Assets for $3.25 Million

Brussels-based Keyrock has agreed to purchase nearly all assets of the bankrupt crypto trading and lending firm BlockFills, allocating up to $3.25 million for the deal. Following an auction, Keyrock acquired the company's assets, some liabilities, stakes in related entities, client base, technologies, and intellectual property. The closure of the agreement is subject to court and regulatory approval.

OneLiner

Robinhood Completes Acquisition of Canada’s WonderFi

Online broker Robinhood has finalized the acquisition of Canadian crypto company WonderFi. The deal's closure was confirmed on June 1. Through WonderFi, the company gains access to regulated crypto infrastructure in Canada, including platforms Bitbuy, Coinsquare, and Bitcoin.ca. The transaction was valued at 250 million Canadian dollars.

OneLiner

Strategy’s Bitcoin Sale Sparks Debate on Polymarket

Between May 26 and 31, Strategy sold 32 BTC but disclosed the information only on June 1. This situation sparked a debate within the community regarding the expiration timing of a bet on Polymarket. Since the sale occurred at the end of the previous month and the report was submitted at the beginning of the next, market participants are determining how to accurately set deadlines for the relevant contract.

News and Analysis6

Toncoin Surges 19.5% Following Rebranding AnnouncementTON surged 19.5% after rebranding announcement to Gram.

The price of TON surged following Pavel Durov's announcement of rebranding the blockchain's native cryptocurrency to Gram. Within a day, the asset's value jumped from $1.89 to $2.26 (+19.5%).

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News and Analysis21

Bitcoin Falls Below $70,000 Amid Geopolitical Tensions and Strategy’s BTC SaleBitcoin fell to $69,751 amid US-Iran tensions and Strategy's BTC sale.

On June 2, the price of the leading cryptocurrency dropped to $69,751. The decline occurred amid escalating tensions between the US and Iran, as well as the sale of part of its reserves by Strategy.

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Longreads18

AFX vs HyperliquidWhy the market needs another perp-DEX

ForkLog examines how AFX is designed and how its approach differs from Hyperliquid.

Human+AI

News and Analysis21

D-Wave Aims for 100 Logical Qubits in Quantum System by 2032D-Wave Quantum plans a fault-tolerant quantum computer by 2032.

D-Wave Quantum unveiled its roadmap for the phased development of quantum systems, aiming for a fault-tolerant quantum computer with 100 logical qubits by 2032.

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101

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What Are Quantum Computing and Quantum Computers?How quantum computers work and why they matter for cryptography.

How quantum computers work and how they tackle, among other things, cryptographic problems.

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Who is Kevin Warsh — the new Federal Reserve chairWho is Kevin Warsh, the new Fed chair, and what to expect from his tenure.

Who Kevin Warsh is and what is expected from the new chair of the US Federal Reserve. Answers, in brief.

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What is tokenised gold, and why are billions flowing into it?

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What Is Tokenized Gold and Why Are Billions Being Invested in It?Tokenised gold explained: how it works, its benefits, risks and the market’s leading projects.

An explainer on tokenised gold: how it works, its pros and pitfalls, and why investors are piling in.

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101754

The funding rate: how it helps anticipate price reversals in bitcoin and EthereumHow funding rates flag reversals in bitcoin and Ethereum before price moves.

Learn how the futures-balancing mechanism flags market capitulation or euphoria before the price moves.

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Longreads14

Dopamine and Uncertainty: How Perpetuals Turn Crypto Markets Into a CasinoHow perpetuals hook traders on uncertainty and make crypto feel like a 24/7 casino.

How trading becomes a game of chance that’s harder to quit than it looks.

AI translated

News and Analysis14

Scientists Develop Quantum Sensor Scheme to Detect AltermagnetsPhysicists from the University of Buffalo introduced a quantum sensor scheme for altermagnets.

Physicists from the University of Buffalo have introduced a theoretical scheme for a quantum sensor designed to detect altermagnets—a new class of magnetic materials. This was reported by Quantum Insider.

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News and Analysis14

Aave Tightens Listing Standards Following $293 Million rsETH IncidentAave revised listing standards after rsETH incident threatening $293M debt.

Aave revised its asset listing standards following the April incident with rsETH, which threatened the project with potential bad debt of hundreds of millions of dollars.

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News and Analysis23

Nvidia, Unitree, and Sharpa Unveil Humanoid Robotics PlatformNvidia unveils Isaac GR00T Reference Humanoid Robot for research and development.

Nvidia has introduced the Isaac GR00T Reference Humanoid Robot, a research reference design for developing and testing humanoid robot skills. The configuration includes a Unitree H2 Plus body and Sharpa Wave tactile five-fingered hands, according to the press release.

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News and Analysis36

Citi Forecasts Tokenization Market to Reach $5.5 TrillionCiti analysts expect tokenized securities to reach $5.5 trillion by 2030.

Citi analysts anticipate the tokenized securities market will grow to $5.5 trillion by 2030.

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News and Analysis21

Nvidia Unveils RTX Spark for Local AI Agents on PCsNvidia unveils RTX Spark chip for local AI on Windows PCs.

Nvidia has introduced RTX Spark, a chip designed for Windows PCs, focusing on running AI agents and large language models locally. The project was developed in collaboration with Microsoft over approximately three years.

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News and Analysis12

Crypto Funds See $1.67 Billion Outflow in a WeekExperts linked the outflow to a reassessment of asset management strategies.

Between May 25 and 29, investment products based on digital assets experienced an outflow of $1.67 billion.

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News and Analysis31

Cardano Foundation Cancels 2026 Summit After Funding Vote FailsCardano Foundation canceled the 2026 summit after failing to secure funding.

Cardano Foundation canceled the Cardano Summit 2026 in Singapore after a treasury funding proposal failed to gain necessary support in an on-chain vote.

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News and Analysis23

Meta to Test AI Pendant in 2027, Reports SayMeta to test AI pendant next year.

Meta is developing an AI pendant and plans to begin testing it next year.

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News and Analysis24

White Hat Hacker Unlocks $2 Million in 2016 Smart ContractWhite hat hacker Florent unlocked $2 million from a 2016 smart contract.

Nearly nine years after the failed ICO of the HongCoin project, a white hat hacker known as Florent unlocked 1,003.62 ETH (approximately $2 million).

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News and Analysis22

Sui Developers Explain Causes of Three Network HaltsSui Foundation reports on three mainnet halts in May.

The Sui Foundation team released a report detailing the causes of three mainnet halts that occurred on May 28 and 29.

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Longreads30

Bring Back Web 1.0Who gains from search’s demise—and can the cozy old internet become a form of resistance?

Web 3.0, metaverses and AI are ushering in a truly post-human internet. Will the new hero be the one who builds another Web 1.0?

AI translated