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bitcoinist.com Strategy Sold Bitcoin, Now Metaplanet Is Down 47% — Who Sells Next?

Metaplanet, Japan’s largest publicly traded Bitcoin treasury company, is considering a share repurchase program to defend and maximize its Bitcoin yield per share — a capital allocation mechanism that automatically activates when the company’s market value drops below the value of its Bitcoin holdings, a threshold it crossed in the past 24 hours as Bitcoin’s […]

forklog.media The Downward Move

In 2021, philosopher Timothy Morton and anthropologist Dominic Boyer released the book “Hyposubjects: On Becoming Human” (Hyposubjects: On Becoming Human). Open Humanities Press made it openly accessible right away, and in 2026 the Russian translation was published by the Perm-based imprint HylePress. Morton is best known for “Hyperobjects” (2013), where he described objects that are too vast to be seen as a whole. The new book both develops and rethinks those earlier ideas. “Hyposubjects” is not about cryptocurrencies or AI. It is devoted to ecology and the Anthropocene. But the book also describes the dominant ideology of much of the tech industry—the dream of transcendence: to escape the body, upload consciousness to the cloud, achieve the singularity, fly to Mars. And the central concept of “Hyposubjects”—subscendence—flips the formula that underpins all thinking about networks and decentralization. ForkLog read the book and examined what Morton and Boyer’s concept says about the singularity, the economy of AI agents and the belief that a network is always more than the sum of its nodes. Too big to see A hyperobject is a thing distributed across space and time so broadly that a human cannot grasp it in full. Morton includes black holes and the biosphere among hyperobjects but more often talks about those we created ourselves. They cannot be seen or touched; they envelop us in a viscous fog and manifest only indirectly: through weather, statistics, disasters. In a certain sense, finance has become a hyperobject, the authors argue. All currency crashes, investment bubbles and sovereign debts are likened to the weather. “Can you blame a hurricane for the destruction it causes? No, it happens ‘by the will of God.’ In its hyperobjectivity, finance now somewhat resembles ‘nature’,” write Morton and Boyer. Those who created hyperobjects the authors call hypersubjects. These are “lords” in the old sense of the word: they govern and oversee, use technology as an instrument and revel in power. Their time is ending, Morton and Boyer believe. The most recognizable trait of a hypersubject is the belief that a human can surpass himself. The authors illustrate it with futurist Ray Kurzweil, who in the book “The Singularity Is Near” repeats his long-standing forecast: AI will reach the human level by 2029, and by 2045 people will be able to merge with machines. “Ray Kurzweil says: yes, death is real, as we are told, and we must accept it. But personally I do not accept it, so freeze me, because wouldn’t it be a good thing for the future that, when they open my cryogenic capsule, I, Ray Kurzweil, will jump out of it and start uploading myself to the cloud,” the authors relay his logic. Morton and Boyer call the singularity “a manic avoidance of death, which some psychoanalysts would in fact call death itself.” This faith also has a collective, ideological form. In 2023, venture investor Marc Andreessen published “The Techno-Optimist Manifesto,” which became one of the programmatic documents of effective accelerationism (e/acc). Technology is declared the liberator of the human spirit, and among the chief opponents he names ideas that, in his view, slow development: concepts of existential risk, sustainability, technoethics. As the desired future, the manifesto sketches Earth’s population growing to 50 billion and then spreading humanity to other planets. Morton and Boyer released their book before e/acc appeared. But the hypersubject they describe—who first strives for near-boundless power and only then plans to save the world—feels strikingly current. “Before I figure out what to do, I’ll wait until I become as great as I can. Which will probably involve flying to Mars (in some virtual form), and then uploading myself into something Martian,” is how the authors describe the strategy of transcendence. Grow down A hyposubject is not a weakened hypersubject but its opposite. It is a “native species of the Anthropocene,” only beginning to understand what it can be. Hyposubjects do not seek absolute power and do not pretend to possess it. Instead, per the authors’ formula, they “play, care, adapt, feel pain, laugh.” The key property of the hyposubject is hidden in the prefix. It is “less than the sum of its parts”: not transcendent, but subscendent. Transcendence is an attempt to break upward, beyond one’s own limits. The subject moves the other way: collapses inward, toward that of which it is made. As the book’s epigraph the authors chose a line by Chris Robertson: “Don’t grow up. Grow down.” A person who admits being not the crown of Creation but a neighbor to nonhuman beings ceases to be the center of the world. There are ten times more bacteria in the gut than cells in the body, and without them we cannot survive. The authors value receptivity to this fact above attempts to overcome everything. A similar shift in thinking, from vertical to horizontal, ForkLog described in the piece “Mycelium Instead of Hierarchy”. The whole is less than the sum of its parts Holism usually assumes that the whole is not reducible to the sum of its parts. Morton and Boyer offer the opposite view: the whole is less than the sum of its parts. A network is not limited to the people, servers and wallets it consists of. It is real, but no more real or important than its elements. Power and value cannot be automatically transferred to an abstract “protocol” or “system” just because they bring together many participants. This is precisely where the authors’ position echoes the original meaning of decentralization. The network was conceived as a way to distribute power among nodes, not as something to which the nodes must submit. Also targeted are those versions of cybernetics that present a system as a self-sustaining whole standing above the people within it. They call this idea “a transcendent fantasy driven by the death drive.” A network declared more important than the nodes that compose it belongs to the same lineage. Robot vacuum vs. Skynet The book’s most memorable image is domestic. The ideal hyposubject, for Morton and Boyer, is a robot vacuum. “A robot vacuum is the complete antithesis of Skynet/The Matrix—a transcendent hyperobject. […] It knows only that it wants to collect dirt into itself, and everything else it has to figure out along the way, while possessing a rather limited sensory apparatus,” the authors write. In 2026 this image looks far less caricatured than when the book was written. The industry is debating two visions of AI’s future. The first is Skynet: a superintelligence that will surpass humans and either save humanity or destroy it. The second is the robot vacuum: a specialized agent with limited capabilities that solves a concrete task, constantly meets obstacles and inevitably makes mistakes. Real AI agents today are closer to the second type. They book tickets, sort email, write bits of code—and likewise stall, get lost and need supervision. ForkLog examined how the ERC-8004 and x402 standards make agents participants in markets: they get wallets, pay each other, perform tasks. But this is the economy of robot vacuums. Hyposubjectness is about stopping expecting a god from the machine and seeing in it a limited, useful neighbor. Uninterrupted functioning The book’s finale is devoted to labor. Digital technologies and AI were sold as a promise of freedom from routine work. Morton and Boyer recall the film “Her” (2013), where the future has arrived, but free time proved empty and dreary. In practice, new technologies did not free time for rest; they turned activities once seen as leisure into unpaid labor. “As Marx said, we have turned into the meat appendage of iron machines. To service machines—that is our present lot. Let these machines be made no longer of iron, but of silicon and electricity,” write Morton and Boyer. The authors take this thought to absurdity: “We must maintain the uninterrupted functioning of uninterrupted functioning.” Cleaning social media accounts, the endless stream of posts and the “always on” status have become intellectual labor that has swallowed weekends and personal time. In the crypto industry this mode is felt especially acutely. Markets here never close—neither at night, nor on weekends, nor on holidays. The trader checking positions at three in the morning and the user endlessly refreshing the feed are, in essence, doing the same thing: servicing systems that know no rest. Dismantle the apocalypse Morton and Boyer are not calling to smash the system. Their remedy is smaller and calmer: big problems do not require big, heroic solutions; small, invisible, distributed steps are enough. “An apocalyptic problem by no means requires an apocalyptic solution. We can simply dismantle the apocalypse,” the authors write. Hyposubjective politics looks unserious. This is Occupy Wall Street, whose weakness, in Morton and Boyer’s view, was its main achievement. This is Reykjavík mayor Jon Gnarr, who made vulnerability and the admission of not knowing part of politics instead of pretending to be an all-powerful leader. A similar turn has already happened inside crypto. In November 2023, Vitalik Buterin responded to Andreessen with his own essay on techno-optimism and proposed the d/acc formula. The letter “d” stands for defense, decentralization and democracy. Instead of a race toward superintelligence, Buterin proposes developing technologies that protect, distribute power and leave room for the human. The Ethereum cofounder is especially repelled by accelerationists’ fascination with military technologies and the idea that AI will become “the dominant species.” In essence, d/acc returns decentralization to its original, “hyposubjective” meaning: not to flee the state into digital eternity, but to distribute power so that everyone survives, not just the strongest. People, birds and snails Morton and Boyer’s book uses an experimental language and may seem too difficult. The authors admit as much: they call the text “an exercise in superficial and chaotic thinking” and frankly warn that part of it may seem meaningless. “Reader, have you already noticed something funny about this book? We decided not to present it in the form of a dialogue and to use the first-person plural, so the book is perceived as one of those wonderful paragraphs by my favorite modernist, Virginia Woolf, where there are about three or four people, and not only people, but a kind of assemblage consisting, for example, of people, birds and snails, united in a stream of consciousness,” write Morton and Boyer. They do not build a theory or issue a program. Two “white guys” trying to save the world, they poke fun at their own savior stance. But one thesis is worth adopting. In an industry that worships “more,” “faster” and “higher,” the most radical gesture may be the opposite: less, slower, lower. Quotations cited from: Timothy Morton, Dominic Boyer. Hyposubjects: On Becoming Human. Perm: HylePress, 2026. Translated from English by Oleg Myshkin.

news.bitcoin.com SBI Shinsei Bank Plans to Let Customers Stack BTC, ETH, or XRP on Top of Deposit Interest

SBI Shinsei Bank will let depositors earn bitcoin, ether, or XRP vouchers worth 20% of their interest payments starting June 10, 2026, in what the Nikkei reports as one of the more direct integrations of crypto rewards into a traditional Japanese bank deposit product. Nikkei detailed that the three-month pilot applies to ordinary savings accounts […]

news.bitcoin.com Zcash Climbs 80% Since June 5 as Traders Shrug off Orchard Bug Fears

Zcash jumped 11.3% to $478, marking an approximate 80% recovery since its June 5 plunge. The rally pushed its market capitalization back above $8 billion and wiped out $11.5 million in short positions. The Orchard Vulnerability Privacy coin Zcash (ZEC) surged on Tuesday, jumping 11.3% to $478 as it maintained a steady recovery that began […]

forklog.media Humanity Protocol Token Plummets After $31 Million Hack

On June 8, unknown attackers compromised wallets associated with the Humanity Protocol project, causing an estimated loss of $31 million. We've detected a security incident involving the compromise of private keys belonging to a member of the Humanity Foundation. As a precaution, please do not interact with the bridge or any liquidity pools until we confirm it's safe.We're already working with security experts…— Terence Kwok 「 🖐️ ✦ 🌏 」 (@terencekwok) June 9, 2026 According to the platform's founder, Terence Kwok, the incident likely occurred due to the compromise of private keys belonging to an employee. “As a precaution, please do not interact with the bridge or any liquidity pools until we confirm the safety of operations,” he added. Humanity is a DeFi identification protocol based on zkEVM, focused on identity proof using palm biometrics. Following the attack, the platform's native token, H, plummeted nearly 90% in a day, from $0.7 to $0.08. By the time of writing, the asset had recovered to $0.2. 15-minute H/USDT chart on MEXC exchange. Source: TradingView. According to analysts at Specter, the hacker managed to gain control over several dozen Humanity wallets and withdrew H tokens from them. The attacker continues to drain hundreds of ethereum:0xcf5104d094e3864cfcbda43b82e1cefd26a016eb holders, with total losses now $20M + .$9M has been swapped for ETH, while $9.9M remains in ethereum:0xcf5104d094e3864cfcbda43b82e1cefd26a016eb tokens and has yet to be swapped.The… https://t.co/ew5wtUmLuo pic.twitter.com/6QX8IbPWxh— Specter (@SpecterAnalyst) June 8, 2026 The attacker exchanged coins through Kyber Network and PancakeSwap, as well as other decentralized exchanges. Additionally, the perpetrator issued 100 million H, which were then swapped for BNB. Meanwhile, on-chain researcher ZachXBT questioned the team's explanation. He suggested the incident might be linked to a dishonest market maker. “I don't believe the team's version. It's a convenient way for an active market maker to exit the game,” he noted. Back in May, ZachXBT suspected an attack on a Polymarket-related UMA CTF Adapter contract on the Polygon network. The platform's team confirmed they were aware of the incident.

forklog.media Electra AI and Naoris to Develop Post-Quantum Security 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, according to The Quantum Insider. The project will combine Electra AI's AI Brain for Batteries platform with Naoris Quantum Protocol's decentralized trust layer. The companies aim to protect telemetry, firmware, and data that AI systems use for decision-making in monitoring and optimization. This involves connected infrastructure such as storage systems, local energy networks, renewable energy facilities, data centers, electric vehicles, and robotics. What Will Be Protected In such facilities, AI systems process telemetry data like temperature, voltage, charging cycles, cell condition, degradation levels, and other parameters. These data influence practical decisions, such as when to charge or discharge a battery, how to extend its lifespan, reduce failure risk, and manage storage within a local energy system. If input data is altered, corrupted, or comes from an unreliable device, AI may draw incorrect conclusions. Therefore, the partners emphasize verifying data at the source, not just securing the communication channel. Naoris' Role Naoris Quantum Protocol will add an extra layer of security to the system based on post-quantum cryptography, the Decentralized Proof of Security mechanism, and decentralized device integrity verification. The partners believe this will enable battery energy systems to continuously verify the reliability of connected devices and confirm that data comes from a trusted source. This approach is particularly important for distributed infrastructure, where equipment is located at remote sites and operates without constant physical oversight. Why Post-Quantum Protection Is Needed The companies note that battery systems often operate for 10–15 years or longer. During this time, cryptographic requirements may change, and some of today's algorithms could become vulnerable to sufficiently powerful quantum computers. One risk is the "collect now, decrypt later" scenario, where an attacker saves encrypted data now to decrypt it in the future as quantum computing advances. This could affect not only information confidentiality but also equipment management, including firmware, commands, event logs, and maintenance data. Planned Applications The companies plan to use the framework in energy storage systems for power grids, renewable energy, and data centers. Other areas include electric transport, robotics, and space systems. At this stage, the focus is on developing a general infrastructure for secure AI monitoring of local energy systems, rather than launching a finished product. Earlier, Keeper Security CEO Darren Guccione suggested that AI and quantum technologies could threaten existing security systems.

blockonomi.com Chainlink Price Holds Near $8.0 as FIFA Partner Adopts Oracles

TLDR:  Chainlink price traded near $7.91 as LINK remained under short-term selling pressure despite the new FIFA World Cup partnership. ADI Predictstreet adopted Chainlink as its exclusive oracle infrastructure for FIFA World Cup 2026 prediction markets. Chainlink Runtime Environment will help automate market creation, resolution, and settlement using high-quality FIFA data. The partnership expands Chainlink’s [...] The post Chainlink Price Holds Near $8.0 as FIFA Partner Adopts Oracles appeared first on Blockonomi.

blockonomi.com Zcash Ironwood Upgrade Locks In Consensus Rules, Eyes Late July Activation

TLDR: Zcash Ironwood upgrade introduces a new Orchard pool with a circuit flag that blocks payments to other users. The old Orchard pool will disable incoming payments post-upgrade, routing all traffic to the new pool. Zcash’s turnstile mechanism will enforce a hard cap ensuring transactable ZEC never exceeds actual supply. ZEC recovered nearly 48.7% from [...] The post Zcash Ironwood Upgrade Locks In Consensus Rules, Eyes Late July Activation appeared first on Blockonomi.

bitcoinist.com 50% Of All Bitcoin In Circulation Are Now Sitting On Major Losses, Is This A Bottom Signal?

Bitcoin may be flashing one of its most closely watched contrarian signals. With more than 10 million BTC now held below their acquisition cost, a growing portion of the market is underwater. According to recent on-chain observations highlighted by analyst Ali Martinez, this development places Bitcoin in a zone that has historically coincided with major […]

cryptobriefing.com Iran halts military operations against Israel amid peace efforts, Bitcoin stabilizes after volatility spike

The de-escalation may foster diplomatic progress in nuclear talks, potentially reducing geopolitical risks and stabilizing global markets. The post Iran halts military operations against Israel amid peace efforts, Bitcoin stabilizes after volatility spike appeared first on Crypto Briefing.

blockonomi.com Sei Stablecoin Market Cap Hits All-Time High as May Activity Surges

TLDR: Sei stablecoin market cap reached an all-time high of $330.5M on May 15, the strongest month this year. Filtered stablecoin transaction volume hit $4.9B in May, marking the highest recorded volume in 2026.  Feather’s vaults on Sei hit $59.8M in deposits and a record $24.3M in borrowed amounts on June 2.  Sei RWAs recorded [...] The post Sei Stablecoin Market Cap Hits All-Time High as May Activity Surges appeared first on Blockonomi.

forklog.media Amazon Employees Back Seattle Data Center Moratorium

Amazon employees are among dozens of residents and tech workers supporting a one-year moratorium on new data centers, which the Seattle City Council is set to consider. According to The Verge, over the past two months, five large facilities have been proposed in the city by four unnamed companies, with a combined maximum demand of 369 MW—about a third of Seattle's average daily energy consumption and roughly 10 times the usage of 30 existing data centers.

cryptopotato.com Neura Closes Strategic Funding Round and Partnerships to Build Emotional AI with Persistent, User-Owned Memory

[PRESS RELEASE – Tokyo, Japan, June 9th, 2026] Joined by partners and investors including Animoca Brands, Basics Capital, TBV, Kinetic Kollective, Mario Nawfal, and Grammy-winning artist Ne-Yo, Neura is building the missing layer of AI: empathy and memory. Neura, the protocol building the world’s first Emotional AI Economy, today announced the close of a strategic […]

bitcoinmagazine.com Second Launches Bark on Bitcoin Mainnet, Targeting Self-Custody UX Gap

Bitcoin Magazine Second Launches Bark on Bitcoin Mainnet, Targeting Self-Custody UX Gap Second has officially launched Bark — its implementation of the Ark protocol — on the Bitcoin mainnet. This post Second Launches Bark on Bitcoin Mainnet, Targeting Self-Custody UX Gap first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

blockmanity.com Bitcoin Theft Plot Unravels: Missouri Man Pleads Guilty to Connecticut Crypto Kidnapping Attempt

Bitcoin Theft Plot Unravels: to Connecticut Crypto Kidnapping Attempt A young man from Missouri has admitted his role in a bold but failed plan to steal Bitcoin through violence and kidnapping. The case shows how big crypto fortunes can attract […] The post Bitcoin Theft Plot Unravels: Missouri Man Pleads Guilty to Connecticut Crypto Kidnapping Attempt appeared first on Blockmanity.

cryptobriefing.com Goldman Sachs data shows hedge funds bought equities at fastest pace in months, right before US selloff

Goldman Sachs data shows hedge funds bought global equities at the fastest pace in four months before the Nasdaq's worst point drop in history on June 5. The post Goldman Sachs data shows hedge funds bought equities at fastest pace in months, right before US selloff appeared first on Crypto Briefing.

blockonomi.com Bet365 vs 888casino: Market Veterans — and ZunaBet’s Growing Attention

When it comes to online betting brands with real staying power, Bet365 and 888casino are near the top of the list. Both have been around for more than two decades and have built strong reputations across global markets. But the industry is moving, and a new wave of crypto-first casinos is starting to pull players [...] The post Bet365 vs 888casino: Market Veterans — and ZunaBet’s Growing Attention appeared first on Blockonomi.

bitcoinist.com The Higher Bitcoin Goes, The Less Institutions Want It? Coinbase Executive Weighs In

Institutions that bought Bitcoin at $100,000 and $125,000 are showing even greater interest now that prices have dropped to around $60,000, according to Coinbase Head of Institutional Strategy John D’Agostino. Related Reading: Coinbase–Better Deal Enables Mortgages Secured By Bitcoin And USDC He made the remarks in a recent interview with CNBC, as Bitcoin trades around […]

bitcoinist.com Strategy Sold Bitcoin, Now Metaplanet Is Down 47% — Who Sells Next?

Metaplanet, Japan’s largest publicly traded Bitcoin treasury company, is considering a share repurchase program to defend and maximize its Bitcoin yield per share — a capital allocation mechanism that automatically activates when the company’s market value drops below the value of its Bitcoin holdings, a threshold it crossed in the past 24 hours as Bitcoin’s […]

cryptobriefing.com Chainlink lands exclusive oracle deal with FIFA World Cup’s prediction market partner ADI Predictstreet

This partnership could revolutionize sports prediction markets, enhancing transparency, efficiency, and fan engagement on a global scale. The post Chainlink lands exclusive oracle deal with FIFA World Cup’s prediction market partner ADI Predictstreet appeared first on Crypto Briefing.

cryptobriefing.com Standard Chartered-backed Zodia Custody wins Luxembourg approval to expand stablecoin custody offering

Zodia Custody's expanded regulatory approval enhances institutional trust and positions it to meet rising stablecoin demand across Europe. The post Standard Chartered-backed Zodia Custody wins Luxembourg approval to expand stablecoin custody offering appeared first on Crypto Briefing.

news.bitcoin.com Coinbase’s D’Agostino: Governments and Family Offices Are ‘Happy’ to Buy Bitcoin at a Discount

Coinbase strategist John D’Agostino says the world’s biggest buyers aren’t panicking over bitcoin’s slide, with sovereign wealth funds and family offices being more than “happy” to scoop up the asset at a discount. Why Institutions Aren’t Flinching at Sub-$60K Bitcoin As bitcoin tumbled toward its lowest levels of the year, John D’Agostino, Coinbase’s head of […]

cryptobriefing.com Will Price: The US onshore perpetual market is untapped, Lighter’s zero-fee model revolutionizes trading, and engineering talent rivals top AI startups | Bankless

Regulatory approval for US onshore perpetual markets could unlock billions in untapped growth potential. The post Will Price: The US onshore perpetual market is untapped, Lighter’s zero-fee model revolutionizes trading, and engineering talent rivals top AI startups | Bankless appeared first on Crypto Briefing.

forklog.media Researchers Question Blockchain’s Role in AI

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. These conclusions were reached by the authors of the Crypto x AI, AI x Crypto study from the IC3 consortium. The study divides the topic into two areas. The first is the application of AI in crypto systems. Here, experts believe artificial intelligence can already assist with transaction analysis, fraud detection, identifying vulnerable smart contracts, and processing blockchain events. The second area is the application of crypto technologies. Researchers believe that the most practical benefits currently come from zero-knowledge proofs, trusted computing, and other tools that help secure computations and data processing. Broader ideas like decentralized AI governance or decentralized infrastructure have yet to see widespread adoption. A separate section addresses common misconceptions. One such misconception is the claim that blockchain can distinguish AI-generated content from human-generated content. According to IC3, a distributed ledger is suitable for timestamping and registering digital artifacts, but it does not solve the detection problem. If an external classifier incorrectly labels content before it is recorded on the blockchain, the network will merely record this error. A similar issue arises with data provenance and model outputs. Blockchain records can show that a specific version or event log existed at a particular time. However, they do not explain why a model produced a certain output, do not prove inference correctness, and do not guarantee the absence of manipulation during training. The authors also challenged the notion that crypto wallets make AI agents autonomous. They argue that while a wallet can automate economic actions without constant human approval, it does not make the model independent. An operator can still shut down the server, model, or infrastructure on which the agent operates. Nonetheless, researchers do not deny the benefits of crypto rails for AI payments. Blockchain can provide neutrality, censorship resistance, and low fees. However, the authors believe the industry needs not only to demonstrate the technical feasibility of such payments but also to quantitatively prove their advantages over centralized financial systems. In the section on decentralized AI infrastructure, IC3 specifically examined DePIN networks and computation markets. Such platforms may be cheaper for inference and small-scale training tasks, but for larger workloads, the situation is more complex: latency, bandwidth, and node connectivity can increase the overall cost. The authors point to a lack of systematic benchmarks compared to traditional cloud providers. IC3 believes the main takeaway for the market is to separate proof of concept from proven utility. Crypto technologies can enhance specific elements of AI infrastructure but do not automatically solve issues of trust, payments, data provenance, and computational efficiency. Earlier, the Ethereum Foundation proposed using blockchain as a verification environment for AI agents.