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forklog.media Altman Questions AI-Induced Job Apocalypse

OpenAI CEO Sam Altman has expressed skepticism that the advancement of artificial intelligence will lead to a global "job apocalypse." This was reported by Reuters. According to him, AI has not yet caused the large-scale reduction in office jobs that he himself anticipated following the launch of ChatGPT in 2022. "I'm glad I was wrong. It seemed that by now the impact on entry-level office positions would be greater," the entrepreneur said at the Commonwealth Bank of Australia conference in Sydney. The CEO stated that the company "roughly accurately" assessed the technological development of LLM, but erred in predicting its immediate social and economic consequences. Altman noted that he previously considered the risk of mass automation to be real and therefore spoke about it publicly. He mentioned that such a threat might still exist, but the situation now appears different. He explained this by noting that many professions retain a "human element" that is difficult to replace with algorithms. As an example, Altman shared that he tried using AI for responses in Slack and email but then returned to personal communication. "We truly value interaction with people," he stated. In Altman's view, this experience has altered his perception of the future labor market. He believes that the employment landscape will be "quite different" from what many industry participants expected. However, layoffs due to artificial intelligence are still occurring. In April, Oracle began cutting thousands of employees amid falling stock prices and significant capital expenditures on AI infrastructure development. In February, Block CEO Jack Dorsey announced the layoff of nearly 4,000 employees. The decision was linked to the company's transition to a "more compact, flat, and AI-focused" structure. Earlier in May, China banned layoffs due to AI.

blockonomi.com Stablecoin Payments Need Privacy as Shopify and Stripe Push Crypto Commerce Mainstream

TLDR: Shopify and Stripe are accelerating stablecoin adoption, but payment privacy remains missing. Public blockchains expose transaction data, creating risks for consumers and merchants alike. Fairblock’s SDK encrypts payment metadata without changing wallets or checkout flows. Agentic commerce growth increases demand for private stablecoin payment infrastructure. Stablecoin payments are entering mainstream commerce at a growing [...] The post Stablecoin Payments Need Privacy as Shopify and Stripe Push Crypto Commerce Mainstream appeared first on Blockonomi.

bitcoinist.com GSR Research Says Ethereum’s Identity Crisis Is Deepening

Ethereum is facing one of its most uncomfortable periods in recent memory, with GSR Research’s Carlos Guzman arguing that leadership turnover, weak ETH performance and a sharpening debate over the Ethereum Foundation’s (EF) role have exposed a deeper strategic crisis for the network. GSR Research Flags Ethereum’s Identity Crisis In a note titled “Ethereum’s Identity […]

news.bitcoin.com Analysts Flag $79K Resistance After $766M Bitcoin Liquidation Wipes May Gains

Bitcoin fell nearly 10% from its early-May high before reclaiming its monthly open, but Bitfinex analysts say the recovery has so far run out of steam near the weekly open. Long BTC Traders Sit Underwater as Bitfinex Report Points to $79K Breakeven Wall According to Bitfinex’s latest report, the May 23 deleveraging event this weekend […]

blockonomi.com Why Most Traders Misuse Demo Accounts Without Realizing It

It doesn’t seem to be fair to start a trading trip without any practice. Few serious disciplines are remunerative for people who don’t prepare, and it makes perfect sense to spend a little time in a simulated environment before risking real capital. It is not the instinct that is the problem. This is what generally [...] The post Why Most Traders Misuse Demo Accounts Without Realizing It appeared first on Blockonomi.

blockonomi.com RENDER Network Activity Surges as On-Chain Data Points to a Trend Shift

TLDR: RENDER broke above $2.25 for the first time in four months, backed by strong on-chain and volume data. Daily active addresses hit 394 and new wallet creation reached 118, both logging 12-week highs in one session. Trading volume hit 9.8 million RENDER tokens, with the breakout candle printing the chart’s largest volume bar. Bulls [...] The post RENDER Network Activity Surges as On-Chain Data Points to a Trend Shift appeared first on Blockonomi.

forklog.media Altman Questions AI-Induced Job Apocalypse

OpenAI CEO Sam Altman has expressed skepticism that the advancement of artificial intelligence will lead to a global "job apocalypse." This was reported by Reuters. According to him, AI has not yet caused the large-scale reduction in office jobs that he himself anticipated following the launch of ChatGPT in 2022. "I'm glad I was wrong. It seemed that by now the impact on entry-level office positions would be greater," the entrepreneur said at the Commonwealth Bank of Australia conference in Sydney. The CEO stated that the company "roughly accurately" assessed the technological development of LLM, but erred in predicting its immediate social and economic consequences. Altman noted that he previously considered the risk of mass automation to be real and therefore spoke about it publicly. He mentioned that such a threat might still exist, but the situation now appears different. He explained this by noting that many professions retain a "human element" that is difficult to replace with algorithms. As an example, Altman shared that he tried using AI for responses in Slack and email but then returned to personal communication. "We truly value interaction with people," he stated. In Altman's view, this experience has altered his perception of the future labor market. He believes that the employment landscape will be "quite different" from what many industry participants expected. However, layoffs due to artificial intelligence are still occurring. In April, Oracle began cutting thousands of employees amid falling stock prices and significant capital expenditures on AI infrastructure development. In February, Block CEO Jack Dorsey announced the layoff of nearly 4,000 employees. The decision was linked to the company's transition to a "more compact, flat, and AI-focused" structure. Earlier in May, China banned layoffs due to AI.

forklog.media Kelp Restores Full Collateral for rsETH Token

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. The final tranche of 20,373.72 rsETH has been sent to the rsETH OFT adapter earlier today. This closes the operational part of the rsETH recovery plan.Tx: https://t.co/fB2HLWvggk— Kelp (@KelpDAO) May 25, 2026 The $293 million incident triggered a liquidity crisis in the DeFi sector. The perpetrators used the stolen 116,500 rsETH as collateral on the Aave platform to obtain loans. This resulted in $190 million of "bad debt" and a massive outflow of funds from the lending protocol. Funds for the recovery were gathered by Kelp with the support of the DeFi United initiative. Other crypto projects also participated in the plan's implementation. The first tranche of 25,000 rsETH was received on May 13, allowing the resumption of cross-chain bridges between the Ethereum mainnet and L2 solutions. The following day, developers reopened withdrawals. Burning and reward accruals are operating normally. The Kelp hack contributed to the decline in the total value locked in the Aave protocol, which fell from $26.3 billion to $17.7 billion. In April, a record number of hacks in the crypto industry was recorded for a single month. More than 20 incidents resulted in $651 million in damages. In May, hacking attacks targeted Ekubo, TrustedVolumes, THORChain, Verus, Echo, and Map Protocol.

bitcoinmagazine.com Strive (ASST) Buys 1,109 Bitcoin, Lifts Holdings to 16,500 BTC

Bitcoin Magazine Strive (ASST) Buys 1,109 Bitcoin, Lifts Holdings to 16,500 BTC Strive (ASST) acquired 1,109 bitcoin last week, boosting its total holdings to 16,500 BTC and cementing its position among the largest publicly traded corporate holders. This post Strive (ASST) Buys 1,109 Bitcoin, Lifts Holdings to 16,500 BTC first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

forklog.media Constructor Group Establishes Quantum Hub in Singapore

Constructor Group has selected Singapore as the location for its new global headquarters focused on artificial intelligence and quantum technologies. The company announced plans to create over 200 highly skilled jobs. Additionally, the firm has launched research programs and expanded partnerships with local universities to advance the AI ecosystem and quantum developments.

blockonomi.com Strategy Completes $1.5B Debt Repurchase at 8% Discount, BTC Yield Reaches 13.3% YTD

TLDR: Strategy repurchased $1.5B in 2029 Convertible Notes at an 8% discount, saving roughly $120 million in cash outlay. The debt buyback generated a BTC Gain of 4,391 bitcoin and a BTC $ Gain of $333 million for Strategy’s balance sheet. Strategy’s year-to-date BTC Yield reached 13.3%, reflecting a cumulative BTC Gain of 89,378 bitcoin [...] The post Strategy Completes $1.5B Debt Repurchase at 8% Discount, BTC Yield Reaches 13.3% YTD appeared first on Blockonomi.

bitcoinist.com XRP ETFs Are Going Crazy In May As Outflows Die Down

The XRP ETFs continue to see significant demand despite the current bear market conditions, with XRP on the decline. These funds are also outperforming the Bitcoin and Ethereum ETFs, which are seeing outflows as BTC and ETH trend downwards.  XRP ETFs Record Steady Inflows Even As Price Declines SoSoValue data shows that the XRP ETFs […]

news.bitcoin.com Bitcoin Burn Wallet Absorbs $8.2M as Unknown User Destroys 107 BTC in Mystery Transfer

On Tuesday, onchain analyst and founder of Timechainindex.com Sani flagged a bitcoin transaction in which the owner transferred 107 BTC, valued at $8.2 million at current exchange rates, to a burn address, rendering the funds permanently inaccessible and impossible to spend. Bitcoin Burn Wallet Jumps to 807 BTC After Mystery User Burns $8.2 Million According […]

blockonomi.com XRP Liquidity on Binance Drops to Lowest Point Since January 2020

TLDR: XRP’s 30-day liquidity index on Binance has dropped to 0.043, its lowest reading since January 2020. Reduced market depth raises price sensitivity, making large orders capable of triggering sharp XRP moves. Whales accumulated 71 million XRP during a 5% weekly crypto drop, signaling possible accumulation phase. XRP’s realistic 2026 price range sits at $2–$3.50, [...] The post XRP Liquidity on Binance Drops to Lowest Point Since January 2020 appeared first on Blockonomi.

forklog.media Strategy Repurchases $1.5 Billion of Its Own Bonds

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. Strategy has completed the repurchase of $1.5 billion of its 2029 Convertible Notes at an ~8% discount to par, generating an incremental 0.7% BTC Yield and lowering aggregate debt to $6.7 billion. $MSTR $STRC https://t.co/cbx4BlpsKV— Michael Saylor (@saylor) May 26, 2026 As a result of this financial operation, the company's total debt has been reduced to $6.7 billion. The yield on bitcoin assets per share increased by 0.7%. Since the beginning of the year, this indicator has reached 13.3%. In the week ending May 25, Strategy did not purchase any cryptocurrency. The company holds 843,738 BTC on its balance sheet. The total value of the accumulated digital assets is approximately $63.87 billion. The average purchase price of one bitcoin for the company over the entire period was about $75,700. The company's founder, Michael Saylor, noted that the flexible capital structure allows for balance sheet optimization depending on market conditions. The firm's liquid reserve in US dollars currently amounts to $871 million, and management plans to replenish it in the future.  Bitcoin Treasuries Last week, small public companies acquired 602.6 BTC worth approximately $46 million:  Strive purchased 381.6 BTC; DDC Enterprise Limited — 200 BTC; The Smarter Web Company — 19 BTC; Hyperscale Data — 2 BTC. The firms made these purchases when the price of bitcoin fell below $80,000. For instance, Strive acquired the asset at an average price of $79,348, while DDC paid $79,496.  The activity of small businesses coincided with an outflow of funds from spot exchange-traded funds based on the leading cryptocurrency. Over six trading days, $1.54 billion was withdrawn from these instruments. Analysts at Santiment described this as a "counter-indicator," noting that ETF investors' behavior often reflects retail sentiment rather than "smart money." Currently, bitcoin treasuries include 198 public companies. They hold 1.24 million BTC — nearly 6% of the total market supply of the asset. Source: BitcoinTreasuries. Back in May, SharpLink Gaming's head Joseph Shalom criticized Strategy's approach to managing crypto assets.

forklog.media Oil Prices Decline Amid Anticipated Reopening of the Strait of Hormuz

Oil prices have fallen to their lowest levels in over two weeks amid expectations that traffic through the Strait of Hormuz will soon resume. Brent crude prices dropped to $97.43. Some vessels, including a supertanker carrying approximately 2 million barrels of Iraqi oil, have already begun to pass through the strait, heading to China after nearly a three-month delay.

bitcoinmagazine.com Abundant Mines Wins Inaugural Satos Award for Mining & Energy

Bitcoin Magazine Abundant Mines Wins Inaugural Satos Award for Mining & Energy Oregon-based bitcoin mining company wins industry-voted accolade, demonstrating dedication toward operational excellence and transparency. This post Abundant Mines Wins Inaugural Satos Award for Mining & Energy first appeared on Bitcoin Magazine and is written by Bitcoin Magazine.

blockonomi.com CoreWeave (CRWV) Stock Surges as Major Institutions Boost Holdings and Russell 3000 Inclusion Takes Effect

CoreWeave (CRWV) stock gains momentum with Deutsche Bank's Buy rating, massive institutional buying from Vanguard and PNC, and a $3.1B loan closure. The post CoreWeave (CRWV) Stock Surges as Major Institutions Boost Holdings and Russell 3000 Inclusion Takes Effect appeared first on Blockonomi.

forklog.media Crypto Fund Outflows Intensify to $1.47 Billion

Between May 18 and 22, cryptocurrency-based investment funds recorded an outflow of $1.47 billion. This marks the second consecutive week of negative results and the third-largest reduction in 2026, according to CoinShares. Source: CoinShares. More negative dynamics were observed at the end of January, when the market experienced two consecutive weekly declines of $1.7 billion. Since May 11, investors have withdrawn $2.54 billion from funds due to reduced risks related to the situation in Iran. The CLARITY Act, which passed a key Senate vote, did not provide a positive boost. The United States leads in terms of fund outflows with $1.425 billion. The figures for other countries are as follows: Switzerland — $16.2 million; Canada — $12.5 million; Hong Kong — $12.2 million. Figures in Germany remained largely unchanged. Bitcoin saw an outflow of $1.315 billion, the largest in 2026. Investors withdrew $222.8 million from Ethereum-based products. Altcoins continued to selectively record inflows: XRP — +$31.8 million; NEAR — +$9 million; SOL — +$7.7 million; SUI — +$2.9 million. Multi-asset products received $4.7 million. Earlier in May, spot volumes for Bitcoin fell to their lowest levels in 2023.