Business | ForkLog

ForkLog 62 20.06.2025

OpenAI Ends Partnership with Scale AI Following Meta Deal

OpenAI is ending its collaboration with Scale AI, reports Bloomberg. The decision was made after Meta announced the acquisition of a 49% stake in the AI project. Scale AI provides data labeling services for training neural networks. Among the startup’s clients are Meta’s direct competitors, including Microsoft. According to an OpenAI representative, the company began […]

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ForkLog 82 13.06.2025

Corporate bitcoin treasuries pose systemic risks to crypto markets

Analysts at Coinbase Institutional forecast a crypto-market upswing in the second half of 2025. In their view, bitcoin will set a new all-time high thanks to improving U.S. economic indicators, a possible rate cut by the Fed and greater regulatory clarity. The biggest trend—and risk—is the growing popularity of corporate bitcoin reserves. This phenomenon has […]

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ForkLog 90 12.06.2025

Former Ethereum Developer Reveals Details of His Dismissal

Former lead developer of the Geth client, Péter Szilágyi, has accused the Ethereum Foundation (EF) of attempting to allocate $5 million to separate the project team from the foundation. Remember my sabbatical? Yeah, that was me having a one-to-one meeting with @0xstark about that “secret second Geth team” I found out about. Within 24 hours […]

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ForkLog 120 11.06.2025

Meta Acquires 49% Stake in Scale AI for $14.8 Billion

Meta, the parent company of Facebook and WhatsApp, has acquired a 49% stake in Scale AI for $14.8 billion, reports The Information. It is reported that the head of the AI project, Alexander Wang, will join the corporation’s new initiative, Superintelligence. Scale AI provides data labeling services for training neural networks. The acquisition of a […]

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ForkLog 217 08.06.2025

Tether CEO Challenges $515 Billion Valuation as Undervalued

If Tether were to go public now, it would be valued at $515 billion, becoming the 19th most valuable publicly traded company globally. This conclusion was reached by John Ma, co-founder and CEO of Artemis. The expert based his calculations on Circle’s market capitalization, which conducted an IPO and has been listed on the NYSE […]

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ForkLog 42 03.06.2025

ConsenSys to Enhance MetaMask and Invest in Ethereum Treasury

MetaMask developer ConsenSys has acquired Web3Auth, an infrastructure provider. The financial details of the deal remain undisclosed. Founded in 2019, the platform serves approximately 50 million end users and supports over 8,200 applications within the Web3 ecosystem. The primary aim is to enhance the wallet’s user experience. ConsenSys also seeks to address the management of […]

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ForkLog 36 03.06.2025

Robinhood Acquires Bitstamp for $200 Million

Online broker Robinhood has finalized an agreement to acquire Europe’s oldest crypto platform, Bitstamp, for $200 million in cash. Bitstamp is now part of Robinhood, adding a globally-scaled crypto exchange and our first-ever institutional crypto business. Our work is just beginning. https://t.co/VDjGS1KuBb — Vlad Tenev (@vladtenev) June 2, 2025 The parties agreed to the deal […]

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ForkLog 70 28.05.2025

Jack Dorsey’s Block to Introduce Bitcoin Payments via Square

Jack Dorsey’s company Block plans to launch bitcoin payments in the Square app by 2026. Merchants will have the option to hold the digital currency or convert it to fiat in real-time. spend your bitcoin at @Square terminals. merchant can choose to hold the bitcoin, or auto-convert it to fiat in real-time. try it at […]

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ForkLog 22 27.05.2025

Cantor Fitzgerald Initiates $2 Billion Bitcoin-Backed Lending Program

Financial firm Cantor Fitzgerald has executed its initial transactions under a $2 billion bitcoin-backed lending program, according to Bloomberg, citing its own sources. The partners involved are crypto broker FalconX and the decentralized lending protocol Maple Finance. FalconX has raised over $100 million through Cantor’s lending program. The company described this as part of an […]

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ForkLog 65 27.05.2025

Alpaca Finance to Cease Operations by 2025

Alpaca Finance, once a leading protocol within the BNB Chain ecosystem, has announced it will completely cease operations by December 2025. After extensive internal deliberation and a thorough evaluation of possible paths forward, we have made the incredibly difficult decision to begin sunsetting Alpaca Finance and all of its products. This choice wasn’t made lightly, […]

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ForkLog 4 26.05.2025

Synthetix and Derive Call Off $27 Million Merger

The DeFi platform for synthetic assets, Synthetix, and the decentralized options protocol, Derive (formerly Lyra), have abandoned their $27 million merger deal. The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn following thoughtful discussion and community feedback. This moment reaffirms our independent path and the community’s belief in it. Derive […]

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ForkLog 17 22.05.2025

Kraken to Launch Trading of Tokenized Apple and Tesla Shares

Kraken exchange will initiate trading of tokenized shares of Apple, Tesla, Nvidia, and 50 other companies for users in Europe, Asia, Africa, and Latin America starting late June, as reported by WSJ. The xStocks tokens, linked to actual securities, will operate on the Solana blockchain and be available for trading around the clock. Each asset […]

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