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

The CFTC approached the federal court of the Southern District of New York to request the annulment of a settlement with the crypto exchange Gemini regarding a 2022 case.

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News and Analysis6

Quantus Highlights Crypto Market’s Unpreparedness for Quantum ThreatThe cryptocurrency industry is unprepared for the transition to post-quantum cryptography.

The cryptocurrency industry is unprepared for the transition to post-quantum cryptography, despite advancements in such computations, according to developers at Quantus.

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News and Analysis22

Oracle and Classiq Simulate 36-Qubit Quantum Circuit in the CloudOracle and Classiq simulate 36-qubit quantum circuit in the cloud.

Oracle Corporation and software developer Classiq have successfully tested a workflow for generating and simulating quantum code within the OCI cloud infrastructure.

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News and Analysis12

Experts Question D-Wave’s Claims of Quantum SupremacyExperts question D-Wave's quantum supremacy claims.

Researchers from the Flatiron Institute and Boston University, supported by the Simons Foundation, have cast doubt on D-Wave's claims of quantum supremacy.

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Longreads

Longreads10

DAOs, teal management and open source: genius trio or outcasts’ trilemma?Vladimir Menaskop explains

Web3 researcher Vladimir Menaskop on a linkage that could revitalise the DAO segment and more.

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Longreads40

The Hormuz paradox: why the oil shock failed to fell bitcoinWhy the oil shock failed to fell bitcoin — and what that says about its role in 2026.

How the first cryptocurrency debunked the myth of its dependence on traditional commodity markets.

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Longreads38

From zero to vibe-codingA guide to running open AI models from the depths of GitHub

An introduction to open AI models, their variety, pitfalls and workarounds.

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Longreads33

Crypto without the punkWhat remains of Web3’s original ideology

What remains of Web3’s original ideology

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OneLiners

OneLiner

Kraken Introduces Bitcoin Deposits with 2.5% Yield

Kraken exchange has launched a non-custodial product, Earn BTC Vault, offering a 2.5% annual yield for Bitcoin holders. Within the first 10 hours, the service attracted approximately $30 million from 4,000 unique wallets. The income is generated through conversion into kBTC and deploying funds on DeFi platforms like Aave, Morpho, and Tydro.

OneLiner

Google Employee Accused of Insider Betting on Polymarket

US authorities have accused Google engineer Michele Spagnuolo of using confidential corporate information to place 25 bets on Polymarket, amounting to $2.7 million. According to the Department of Justice and the CFTC, the account AlphaRaccoon earned approximately $1.2 million. The charges include commodities fraud, wire fraud, and money laundering.

OneLiner

Trump Backs Oversight of Prediction Markets

US President Donald Trump stated that oversight of prediction markets should remain under the exclusive jurisdiction of the CFTC. Currently, the regulator is challenging through the courts the attempts by states, including Minnesota and New York, to restrict such contracts at the local legislative level.

OneLiner

Bitcoin Drops to $75,000 as Market Awaits ‘Golden Cross’

On May 27, the leading cryptocurrency fell to approximately $75,000, a decline of 2.5% over the day. Traders are monitoring the potential formation of a 'golden cross'—a signal where the 50-day moving average crosses the 200-day moving average from below. Meanwhile, ZEC emerged as the main underperformer among major crypto assets, losing about 9%.

News and Analysis17

Finland Allocates €2.8 Million for Quantum ProjectsBusiness Finland allocates €2.79 million for industrial quantum projects.

The state agency Business Finland has allocated grants totaling €2.79 million for two industrial quantum projects.

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Longreads10

DAOs, teal management and open source: genius trio or outcasts’ trilemma?Vladimir Menaskop explains

Web3 researcher Vladimir Menaskop on a linkage that could revitalise the DAO segment and more.

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News and Analysis13

Economist Warns of Currency System Collapse and Dangers of CBDCsEconomist warns of financial crisis and CBDC control risks.

German economist Richard Werner declared the inevitability of a new global financial crisis and the authorities' plans to use CBDCs as a tool for total control.

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News and Analysis18

Researchers Uncover Religious Bias in AI ModelsAI models show religious bias, favouring Catholicism and neglecting spiritual aspects in ethics.

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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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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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What is zkEVM?A zkEVM brings ZK proofs to the EVM for faster, cheaper, secure Ethereum scaling.

A zkEVM is a smart-contract runtime that supports zero-knowledge proofs and is fully compatible with Ethereum.

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News and Analysis9

Base Grants AI Direct On-Chain AccessBase introduces Base MCP for AI-driven on-chain operations.

Base has launched Base MCP, a system enabling AI assistants to initiate real on-chain operations within the network.

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News and Analysis23

BitMine Expands Reserves to 5.39 Million ETHBitMine Immersion Technologies has reported the acquisition of 111,942 ETH.

BitMine Immersion Technologies has reported the acquisition of 111,942 ETH (approximately $232 million at the time of writing). This transaction marks the company's largest purchase in 2026.

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News and Analysis8

Bankless Co-Founder Sells ETH, Questions Its ValuationDavid Hoffman, co-founder of Bankless, has reduced his position in Ethereum.

David Hoffman, co-founder of Bankless, has reduced his position in Ethereum, stating he no longer expects a significant revaluation of the asset.

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News and Analysis17

OpenZeppelin Attributes DeFi Vulnerability to AI AdvancementsManuel Aráoz from OpenZeppelin called "the entire DeFi sector" unsafe.

Manuel Aráoz from OpenZeppelin called "the entire DeFi sector" unsafe. He cited rapid AI agent development as creating a critical asymmetry between defenders and attackers.

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News and Analysis60

“Bots Manage Bots”: a16z Co-Founder Declares Arrival of AGIAI has crossed into AGI, says a16z co-founder Marc Andreessen.

Artificial intelligence has already crossed the threshold into AGI, according to Andreessen Horowitz (a16z) co-founder Marc Andreessen.

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News and Analysis68

IBM Enhances AI Model with Quantum ProcessorQuantum enhancement of AI model using IBM's 156-qubit processor.

Researchers at Multiverse Computing announced a quantum enhancement of a large language model using IBM hardware.

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News and Analysis111

DuckDuckGo Downloads Surge 30% Following Google’s AI UpdateDuckDuckGo app installations in the US rose after Google's AI-focused search update.

The number of DuckDuckGo app installations in the United States increased after Google unveiled a major search update focused on AI.

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News and Analysis31

TD Cowen Analysts Doubt US Crypto Market Bill’s PassageTD Cowen doubts the crypto market bill will pass this year.

Investment bank TD Cowen has downgraded its forecast for the passage of the crypto market structure bill. Analysts deem it unlikely that the document will be approved this year.

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Standard Chartered Maintains DeFi Forecast Despite Kelp Hack

News and Analysis9

Kelp Restores Full Collateral for rsETH TokenKelp protocol restores rsETH collateral five weeks post-hack with final tranche.

The Kelp protocol has restored the collateral for the rsETH token five weeks after the hack. The team sent the final tranche of 20,373 rsETH to the LayerZero smart contract.

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OpenAI Co-founder Gathered Evidence Against Sam Altman for a Year

News and Analysis11

Altman Questions AI-Induced Job ApocalypseOpenAI CEO doubts AI will cause a global job apocalypse.

OpenAI CEO Sam Altman has expressed skepticism that the advancement of artificial intelligence will lead to a global "job apocalypse."

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News and Analysis9

Strategy Repurchases $1.5 Billion of Its Own BondsStrategy repurchased $1.5 billion of its 2029 bonds at an 8% discount.

Strategy has repurchased its own convertible bonds due in 2029 for $1.5 billion. The transaction was completed at a discount of approximately 8% to par.

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News and Analysis24

Crypto Fund Outflows Intensify to $1.47 BillionCrypto funds saw $1.47 billion outflow from May 18-22, marking a second week of decline.

Between May 18 and 22, cryptocurrency-based investment funds recorded an outflow of $1.47 billion.

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