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

Hyperliquid and Paradigm Suggest Amendments to US Stablecoin RuleHyperliquid and Paradigm submitted a joint comment on the proposed rule by FinCEN and OFAC.

Hyperliquid Policy Center and Paradigm submitted a joint comment on the proposed rule by FinCEN and OFAC regarding the implementation of GENIUS Act requirements for payment stablecoin issuers.

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Longreads13

The Downward MoveWhy AI is a robot vacuum, not a superintelligence

On Timothy Morton and Dominic Boyer’s Hyposubjects.

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News and Analysis49

Humanity Protocol Token Plummets After $31 Million HackUnknown attackers compromised Humanity Protocol wallets, causing a $31 million loss.

On June 8, unknown attackers compromised wallets associated with the Humanity Protocol project, causing an estimated loss of $31 million.

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Longreads

Longreads13

The Downward MoveWhy AI is a robot vacuum, not a superintelligence

On Timothy Morton and Dominic Boyer’s Hyposubjects.

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Longreads24

The Bitcoin Hayek Didn’t Ask ForAnd it was predicted by the monetarist Friedman

Does the first cryptocurrency really match the ideals of the Austrian school as commonly believed?

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‘Computer-Hitler’ Makes a Bid for PowerWhy the “digital gulag” evokes a deeply religious fear

How apocalyptic prophecies first morphed into “digital gulag” conspiracies, then into everyday speech.

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Cuba’s Postbank EconomyIs a crypto economy possible under sanctions and without power?

Cuba isn’t a hotbed of bitcoin volume, but it’s become a telling case of crypto use under sanctions and limited access to global payments. Much of the flow is shifting to P2P networks and messengers, forming elements of a postbank economy. ForkLog looks at how the island lives under financial isolation and why authorities began legalizing crypto for foreign trade.

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OneLiners

OneLiner

Sandstone Secures $30 Million for AI Platform

Startup Sandstone has raised $30 million in a Series A round led by Lightspeed Venture Partners. The funds will be used to support corporate clients, hire staff, and develop a community of in-house lawyers. Sandstone is developing an AI platform for in-house legal departments: it assists in gathering requests from Slack, email, and Jira, distributing tasks, and initiating processes for document preparation, review, and legal analysis.

OneLiner

CoinDesk 20 Index Continues to Decline

The CoinDesk 20 Index fell to approximately 1659.67 points, losing 3.83%, according to platform data. Earlier, CoinDesk Indices reported a decrease of 1.4% to 1708.48 points. Major market assets, including Bitcoin, Ethereum, XRP, and Solana, also remain in the red. The CoinDesk 20 tracks the performance of the largest and most liquid digital assets, trading on multiple platforms across various regions worldwide.

OneLiner

Morpho Secures $175 Million in Funding Round Led by Paradigm and a16z Crypto

On June 9, the lending protocol Morpho announced it had raised $175 million in a funding round led by Paradigm, a16z crypto, and Ribbit Capital. According to CoinDesk, the platform hosts over $11 billion in deposits, with institutional clients including Galaxy, Anchorage Digital, and Bitwise. The funds will be used to develop infrastructure for institutional lending and programmable credit products.

OneLiner

Nokia and Indosat to Upgrade Indonesia’s 5G Network

Nokia and Indosat Ooredoo Hutchison have agreed to upgrade the operator's mobile network across Indonesia. Over the next 3.5 years, low-frequency 5G is planned to be deployed throughout the network, while mid-frequency 5G will cover approximately 80% of the infrastructure. NVIDIA is responsible for enhancing network capabilities with artificial intelligence integration, and field trials of AI-powered RAN in the country are scheduled for late 2026.

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Electra AI and Naoris to Develop Post-Quantum Security for Energy SystemsElectra AI and Naoris partner on post-quantum cybersecurity for energy systems.

Electra AI and Naoris Quantum Protocol have announced a partnership to develop a post-quantum cybersecurity framework for AI monitoring of local energy infrastructure.

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Researchers Question Blockchain’s Role in AIThe integration of crypto technologies and AI is still in its early stages.

The meaningful integration of crypto technologies and artificial intelligence is still in its early stages, with many popular claims about blockchain's benefits for AI requiring further evidence.

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News and Analysis22

Zcash Developers Approve Ironwood UpdateZcash team agrees on Ironwood update to launch new pool and limit ZEC supply.

The Zcash team has agreed on consensus changes for the Ironwood update. The upgrade aims to launch a new shielded pool and limit the supply of ZEC following a recent vulnerability in Orchard, reported developer Sean Bowe.

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Circle Introduces Wrapped Bitcoin on Ethereum NetworkCircle launches wrapped Bitcoin, cirBTC, on Ethereum with 1:1 backing.

Circle has launched a wrapped Bitcoin, cirBTC, on the Ethereum network with a 1:1 backing.

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What Are Quantum Supremacy, Utility and Advantage?Explaining quantum supremacy, utility and advantage.

We break down three core quantum-computing concepts that are often conflated.

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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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Singapore Launches ASPIRE 2B Supercomputer for AI and HPC ResearchSingapore launches ASPIRE 2B supercomputer for AI and HPC research.

Singapore has launched the ASPIRE 2B supercomputer, designed to support advanced research in artificial intelligence and high-performance computing. The system is operated by the NSCC, reports TechNode Global.

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OpenAI Files Confidential IPO ApplicationOpenAI confidentially filed for an IPO with the SEC, timing yet to be decided.

OpenAI announced on June 8, 2026, the confidential filing of an S-1 registration statement with the SEC for a potential IPO. The company has not yet determined the timing of the listing...

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Apple Unveils Siri AI and Expands Apple IntelligenceApple introduced Siri AI, a new assistant version powered by Apple Intelligence.

At WWDC 2026, Apple introduced Siri AI, a new version of its assistant powered by Apple Intelligence for its main line of gadgets. The English-language test solution will launch later in 2026.

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News and Analysis6

WiMi Explores Quantum Approach to Data ProcessingWiMi Hologram Cloud explores quantum data pooling technology.

WiMi Hologram Cloud is exploring multi-dimensional data pooling technology based on variational quantum algorithms. This is stated in the company's press release. The approach combines Quantu…

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MetaMask Unveils Wallet for the Era of AI AgentsMetaMask launches early access for Agent Wallet, automating DeFi with AI agents.

The MetaMask team has launched an early access program for the Agent Wallet, a non-custodial wallet capable of executing operations on behalf of the user. The solution automates interaction with decentralized applications by combining smart account technologies and AI agents.

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Strategy Acquires 1,550 BTC for $101 MillionStrategy buys 1,550 BTC for $101 million, financed by MSTR share sales.

Strategy has acquired an additional 1,550 BTC for $101.3 million. The purchase was financed through the sale of 1,409,600 MSTR shares under the ATM program.

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Yuga Labs Rescues $500,000 Worth of NFTsYuga Labs extracted 68 NFTs from vulnerable pools.

Yuga Labs specialists conducted an emergency extraction of 68 valuable NFTs from vulnerable Flooring Protocol pools.

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Bernstein Describes Current Bitcoin Cycle as ‘Boring’$2.6 billion outflow from bitcoin ETFs in 2026 doesn't undermine its store of value thesis.

The $2.6 billion outflow from spot bitcoin ETFs since the start of 2026 and the market's 'boring' performance do not undermine the thesis of the leading cryptocurrency as a store of value.

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TechCrunch: Token-Based Payments Reshape AI MarketGitHub Copilot's token-based payment model may prompt AI market pricing changes.

The shift of GitHub Copilot to token-based payments could signal a reevaluation of pricing and limits in the AI product market. This conclusion was drawn by TechCrunch following the Equity podcast.

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ZEC Surges 41.5% Following Critical Network VulnerabilityZEC surges 41.5% after critical network vulnerability fix.

Josh Swihart, founder of Zcash Open Development Lab, announced the resolution of a critical vulnerability in the Orchard shielded pool.

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JPMorgan Suggests Strategy Boost Dollar ReservesStrategy needs to increase its dollar reserves to restore market confidence.

Strategy needs to increase its dollar reserves to restore market confidence in the company's financial model

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OpenAI to Transform ChatGPT into an AI Super AppOpenAI plans to transform ChatGPT into a super app to boost revenue before IPO.

OpenAI is preparing the largest transformation of ChatGPT since its launch in 2022. The company aims to turn the chatbot into a super app to accelerate revenue growth ahead of its IPO, reports FT.

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