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forklog.media 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.

forklog.media Colt and Ciena Conduct Quantum-Resistant Communication Test

Colt Technology Services and Ciena completed a test data transmission using quantum-resistant encryption between New York and London. The traffic traveled over submarine and terrestrial lines spanning a total of 6900 km at a speed of 800 Gbps. Engineers utilized the Ciena WaveLogic 6 Extreme platform. The test confirmed that high-speed communication can be protected against future quantum threats without performance loss. Malicious actors intercept encrypted data with the intention of decrypting it later when powerful quantum computers become available. Experts estimate this could happen as early as 2030. According to surveys, 69% of organizations consider quantum computing a real threat to current encryption methods. The trial demonstrated that quantum-resistant protection is ready for deployment on one of the busiest transatlantic routes. Optical performance remained stable throughout the route. Following a series of successful tests, Colt is prepared to offer clients several protection models: post-quantum cryptography, quantum key distribution, and hybrid schemes. These services are aimed at fintech, healthcare, government agencies, and data center owners. In November 2024, Colt and Ciena had already conducted joint tests, transmitting data at 1.2 Tbps across the Atlantic. In June, OQC, JPMorgan Chase, and AMD announced the launch of a research partnership program in London based at the dedicated Quantum-AI data center. The facility is used to explore quantum and hybrid computing within the financial sector.

cryptobriefing.com Bank of Canada holds key interest rate at 2.25%, flags US trade uncertainty and Iran war risks

The BoC's rate hold amid global uncertainties highlights potential volatility in Canadian markets, impacting inflation, exports, and investment strategies. The post Bank of Canada holds key interest rate at 2.25%, flags US trade uncertainty and Iran war risks appeared first on Crypto Briefing.

cryptobriefing.com IAEA Board of Governors votes on US resolution demanding transparency from Iran’s nuclear program

The resolution's passage could stabilize geopolitical tensions, impacting global markets by avoiding immediate escalation and potential sanctions. The post IAEA Board of Governors votes on US resolution demanding transparency from Iran’s nuclear program appeared first on Crypto Briefing.

news.bitcoin.com Trump Warns Iran Will ‘Pay the Price’ as Gas Prices Jump 40% and Inflation Hits 3-Year High

The U.S. Bureau of Labor Statistics reported Wednesday that May 2026 headline consumer price inflation climbed to 4.2% year-over-year, the hottest reading since April 2023, driven almost entirely by a war-linked energy spike as President Donald Trump escalated rhetoric against Iran on the same morning. Inflation Accelerates for Third Straight Month The May CPI print, […]

forklog.media Major Japanese Banks to Collaborate on Stablecoin Initiative

MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation have signed a memorandum to establish a council for the joint issuance of a stablecoin. The banks aim to conduct their first commercial transactions by the end of the 2026 fiscal year, concluding in March 2027. The council is tasked with developing the operational model, governance system, and issuance infrastructure. According to Reuters, Japan's Financial Services Agency (FSA) supports the project's experimental phase. The initiative follows a pilot approved by the FSA in November 2025. At that time, the banks, along with Mitsubishi UFJ Trust and Banking and Progmat, began testing the joint issuance of a stablecoin under a trust scheme and its use for cross-border settlements by Mitsubishi Corporation.

cryptobriefing.com Apollo’s Zito warns software valuations are overpriced, calls out private equity ‘misstating’ marks

Overvalued software assets in private equity could lead to significant financial adjustments, impacting investor confidence and market stability. The post Apollo’s Zito warns software valuations are overpriced, calls out private equity ‘misstating’ marks appeared first on Crypto Briefing.

cryptobriefing.com Mastercard launches Agent Pay for Machines with Aave, Coinbase, OKX, Polygon, Ripple, and Solana as partners

Mastercard's AP4M could revolutionize microtransactions, but competing standards and regulatory challenges may hinder widespread adoption. The post Mastercard launches Agent Pay for Machines with Aave, Coinbase, OKX, Polygon, Ripple, and Solana as partners appeared first on Crypto Briefing.

forklog.media K33 Analysts Identify $60,000 as Bitcoin Accumulation Zone

The leading cryptocurrency has dropped 28% over the month, falling from $82,000 to below $60,000. According to analysts at K33, more than 10 million BTC—over 50% of the total circulating supply—are now at a loss. A month ago, the share of "red" coins was only 30%. K33's Head of Research, Vetle Lunde, explained that a large percentage of old coins remain unmoved. The reason is either lost wallets or owners' reluctance to sell the asset. Thus, in previous bear cycles, the peak of the loss-making supply was in the 50-56% range. Source: K33. A similar pattern was observed in 2011, 2018, and 2022. Back then, Bitcoin reached its bottom within a month after breaking the 50% mark. However, this was preceded by a final drop of 15-26%. A year after this event, growth ranged from 69% to 359%. The current decline has brought the price back to the 200-week moving average. K33 considers this level a marker for the end of major bear cycles. The Relative Strength Index of Bitcoin has reached its lowest point since November 2018. Outflows from exchange-traded products averaged 4,108 BTC per day from May 7 to June 8. The Fear and Greed Index plummeted to 8. Lunde noted a shift in sentiment and a capital flow into AI stocks, Big Tech, and a potential IPO for SpaceX. Meanwhile, the current downturn is shorter and shallower than in past cycles, fitting the trend of decreasing volatility. Analysts confirmed their baseline forecast: the level around $60,000 serves as a cyclical bottom or a very attractive zone for long-term accumulation. On June 9, analysts from Wintermute pointed out a weak capital inflow into Bitcoin.

forklog.media Scientists Develop Miniature Sensor for Machine Vision

An international team of scientists has unveiled a miniature photomemristor that mimics the adaptation of human vision to bright and dim light. The innovation could prove beneficial for machine vision systems in robots, drones, and cameras, according to a study in Nature Communications. The device addresses the issue faced by machine vision systems, which lose accuracy during sudden changes in brightness. This is critical for drones and robots, which need to simultaneously distinguish objects in dark areas and bright light sources like oncoming car headlights. The development is part of neuromorphic machine vision—a field where sensors not only capture images but also perform part of the signal processing. This approach is expected to reduce the load on computing systems and speed up reactions to changes in the frame. Event-based cameras tackle a similar challenge. They do not capture each frame entirely but instead record changes in brightness at individual pixels, offering low latency, a high dynamic range, and reduced data volume. However, such systems require specialized algorithms and currently have their limitations. The prototype is based on a miniature light-sensitive element approximately 0.5 mm in size. The key component of the system is a photomemristor made from TiO2 and PEDOT:PSS. Its operation relies on the materials' reaction to humidity: under low light, the structure absorbs more water, increasing conductivity and photosensitivity. In bright light, moisture dissipates, reducing sensitivity. In a demonstration setup, researchers used an array of 4 × 4 photomemristors and an artificial neural network. The system recognized letter patterns against backgrounds with varying brightness levels. According to the article, the accuracy was 91.3% under mixed lighting conditions, and the recognition process took 7.5 seconds. Back in May, scientists introduced Qumus—an autonomous AI system for experiments with quantum materials.

cryptobriefing.com Gold falls over 2% as Middle East peace hopes fade, raising questions about Bitcoin’s safe-haven role

The fading peace prospects highlight the evolving dynamics of safe-haven assets, questioning gold's dominance and Bitcoin's emerging role. The post Gold falls over 2% as Middle East peace hopes fade, raising questions about Bitcoin’s safe-haven role appeared first on Crypto Briefing.

cryptobriefing.com Saudi Arabia condemns Iran’s attacks on Bahrain, Kuwait, and Jordan as ‘brutal aggression’

The unified Arab condemnation of Iran's actions may lead to increased diplomatic efforts and potential international intervention to address regional security threats. The post Saudi Arabia condemns Iran’s attacks on Bahrain, Kuwait, and Jordan as ‘brutal aggression’ appeared first on Crypto Briefing.

bitcoinist.com Mastercard Just Built A Payment Network For AI Agents — And It Runs On Crypto

Mastercard has launched Agent Pay for AI, a new protocol designed to enable artificial intelligence agents to pay each other and send micropayments — storing the permissions that humans grant their AI agents on Polygon, a blockchain network built on top of Ethereum, according to an exclusive report by Fortune published June 10. Related Reading: […]

cryptobriefing.com US military conducts first unmanned sea drone rescue after Iranian drone incident near Strait of Hormuz

The incident underscores the strategic shift towards autonomous military operations, potentially altering future conflict dynamics and defense strategies. The post US military conducts first unmanned sea drone rescue after Iranian drone incident near Strait of Hormuz appeared first on Crypto Briefing.

cryptobriefing.com Katja Hoyer: East German compliance rooted in autocracy, the paradox of state-sponsored arts fostering creativity, and Merkel’s leadership shaped by her upbringing | Conversations with Tyler

Angela Merkel's East German roots uniquely shaped her leadership style and diplomatic approach with Russia. The post Katja Hoyer: East German compliance rooted in autocracy, the paradox of state-sponsored arts fostering creativity, and Merkel’s leadership shaped by her upbringing | Conversations with Tyler appeared first on Crypto Briefing.

blockonomi.com WISeKey International Holding Ltd (WKEY) Stock: SEALCOIN Secures $4M Investment for Space-Based Blockchain

WKEY stock dropped 6.15% as SEALCOIN raised $4M for space blockchain expansion. QAIT token powers machine payments across satellite networks. The post WISeKey International Holding Ltd (WKEY) Stock: SEALCOIN Secures $4M Investment for Space-Based Blockchain appeared first on Blockonomi.

news.bitcoin.com Blackrock’s IBIT Leads $77M Bitcoin ETF Outflow as XRP Funds Add $7.4M

Crypto ETF flows turned cautious again on Tuesday, June 9, as bitcoin ETFs posted a third straight day of outflows and ether funds slipped back into redemptions after Monday’s rebound. XRP and solana ETFs drew modest inflows, while HYPE products saw no trading activity. Bitcoin and Ether ETFs Lose $118M as XRP and Solana Draw […]

cryptobriefing.com Kansas City’s $26M World Cup jail delayed amid criticism of design resembling ICE detention center

The delayed jail project raises concerns about fiscal responsibility, community trust, and potential misuse, impacting Kansas City's public image. The post Kansas City’s $26M World Cup jail delayed amid criticism of design resembling ICE detention center appeared first on Crypto Briefing.

cryptobriefing.com Parabilis Medicines prices upsized IPO at $20 per share, raising $670 million above expected range

Parabilis' successful IPO highlights strong investor confidence in biotech innovation, potentially accelerating advancements in oncology treatments. The post Parabilis Medicines prices upsized IPO at $20 per share, raising $670 million above expected range appeared first on Crypto Briefing.

forklog.media Strategy: Scheme or Ponzi?

Strategy holds bitcoin worth tens of billions of dollars and is increasingly tapping retail capital via securities issuance. ForkLog examined how Michael Saylor’s company is structured, why critics call it a pyramid scheme while supporters see an example of effective risk management, and what’s behind the recent sale of part of its crypto reserve. Where Strategy stands now Strategy — the largest corporate holder of bitcoin — had more than 845,000 BTC on its balance sheet as of June 9, 2026. The blueprint is simple: raise capital in markets and buy the original cryptocurrency. The complexity lies in the instruments the firm uses and who sits on the other side of the trades. Source: Strategy. In its latest move the company bought 24,869 BTC for roughly $2 billion and simultaneously retired $1.5 billion of debt. Key detail: 95% of the purchase funding came not from common-stock sales, but from placing STRC preferreds (Stretch). Common shares accounted for just 5%. That shift has dominated debate in the crypto community.  How the company’s finance machine works Strategy taps several funding channels. Common stock (MSTR) — issued via an ATM program. Each new sale dilutes existing holders, making the ATM a frequent sore point for shareholders. Convertible bonds — a tool for institutions. Investment banks sell exposure to MSTR through them. Some of these bonds carry a zero coupon but include the right to convert into stock at preset prices. Preferreds, including STRC, are a different story. According to Blockspace Live hosts Charlie Spears and Colin Harper, they’re a “retail game”: institutions rarely buy them, and if they do, it’s a small sleeve. STRC pays roughly 11% in dividends. The funding mix depends on market conditions. When bitcoin volatility is low and prices are rangebound, demand for new stock is thin — selling would mean “unfavorable pricing.” In those stretches STRC is cheaper to issue. The trade-off: preferreds require cash dividends, and those obligations persist. The pyramid debate: the case for and against Whether Strategy is a pyramid scheme has been debated for years. On Reddit, analyst Mark Meldrum’s breakdown sparked a long discussion. Proponents argue current investors are effectively paid from fresh issuance, while bitcoin on the balance sheet delivers only “theoretical” profits until it’s sold. The counterpoint in the same thread: borrowing against assets to invest is standard practice. It’s routine in real estate and equities, and the principle alone doesn’t make a model a pyramid. The difference is that Strategy buys a volatile asset without a steady price. Similar themes surface elsewhere — for example, in a LinkedIn post where private-capital manager Sasha Jovanovic reviews the topic through a corporate-finance lens. He argues the company uses bitcoin as its numeraire. In 2025, the stock’s return measured in the original cryptocurrency was 22.8%. Jovanovic emphasized the figures are transparent and auditable, whereas Ponzi schemes hide or invent returns. Strategy directs new capital toward buying digital gold for reserves, not paying earlier investors. That creates a “flywheel”: rising prices enable issuance of bonds and additional stock for further purchases. Jovanovic added the company doesn’t hide volatility — it monetizes it. Over the year, the structure issued $7 billion of debt. He stressed that even with a 90% price drop (to $8,000), reserves would cover net debt. He concluded that pyramid accusations reflect a misunderstanding of the company’s balance-sheet mechanics and its unconventional treasury management. Users on the r/CryptoCurrency subreddit point out how Saylor’s own statements highlight MSTR’s vulnerabilities. Skeptics compared the setup to the 2008 mortgage crisis, when financial firms also used high leverage and overvalued assets. Others noted Strategy’s reserves are too small to cause a systemic shock to the broader economy.  In practice the risks look more modest. Convertible debt is small relative to bitcoin reserves, and many coupons are near zero. That reduces the odds of a forced unwind, though the question remains: how to meet obligations without selling bitcoin. Why sell bitcoin The headline in recent weeks was a small sale of the original cryptocurrency, even though Saylor has repeatedly said he wouldn’t sell digital gold. Never sell your Bitcoin.— Michael Saylor (@saylor) February 2, 2025 On the Blockspace Live podcast, the sale was framed more as a signal than a move for cash. The message: Saylor is signaling he isn’t so rigid that reserves are never touched. A categorical refusal to sell would be more troubling. The amount is too small to move the balance sheet — but it’s still widely discussed. Another concept surfaced — reverse reflexivity. Previously, the loop worked like this: Strategy issues stock, buys bitcoin, and MSTR climbs. Now the logic flips. When the company sells digital gold, its shares drop more than bitcoin itself, and the sale adds pressure to the asset’s price. Scale brings advantages but also creates a trap. The public arena is shifting in parallel. Blockspace Live participants noted Saylor now faces visible “competition for attention” — for example, Jeff Walton, who projects a more accessible, risk-aware voice. Coffeezilla just debated Jeff Walton for an hour about bitcoin and Michael Saylor’s digital credit business.If you don’t know him, @Coffeebreak_YT has become the most popular YouTuber focused on exposing crypto scams and is skeptical of the strategy. pic.twitter.com/8LWYDxyY5a— Documenting ₿itcoin 📄 (@DocumentingBTC) May 7, 2026 Why retire those specific bonds Spears and Harper analyzed Strategy’s less obvious step: the company repaid convertible bonds due in 2029 with a conversion price above $670. Notably, that wasn’t the nearest maturity and didn’t carry the highest coupon. The 2029 notes have minimal intrinsic value: the market ascribes almost nothing to the embedded conversion option, valuing it near zero. That means the firm spends the least cash per dollar of debt retired — making them the cheapest for early takeout. This speaks less to a view on equity value than to a drive to cut debt with the lowest cash outlay per unit retired. After the deal, about $6.5 billion of convertible debt remains, with maturities through 2032. Hence the internal tension in the model. MSTR holders care about less dilution. STRC holders want cash to flow freely to dividends. It’s hard to please both at once, and the pendulum now swings toward STRC. Who actually holds the paper Primitive Ventures managing partner Dovey Wan adds context: about 80% of STRC holders are retail investors, and roughly 40% of MSTR holders are retail as well. Wan also acknowledged that the “embedded Ponzi” thesis in STRC appears not to hold up. 80% of $STRC holders are retail investors40% of $MSTR holders are retail Was thinking STRC was an insiti ponzi but apparently not 🤔— Dovey "Rug the fiat" Wan (hiring) (@DoveyWan) May 8, 2026 That explains why the dividend question is so sensitive. By Blockspace Live’s estimate, the balance sheet covers roughly six months of STRC payouts. After that the company effectively has two options: reduce the STRC dividend or sell bitcoin. It’s the second path that worries the market. The issue isn’t the tiny amount sold, but the fear sales could grow to cover dividends. The Blockspace Live hosts see the probability of a “blowup” as low, but with $50 billion in bitcoin even a hint of large-scale selling makes participants nervous. At the same time, the podcast linked the recent crypto downturn less to Strategy and more to capital rotating into artificial intelligence — amid expected IPO SpaceX, Anthropic and OpenAI. Bitcoin volatility is near its lowest in almost ten months. What critics say Euro Pacific Capital President Peter Schiff said MSTR is “the biggest Bitcoin buyer and the biggest Bitcoin loser.” $MSTR Is the biggest Bitcoin buyer and the biggest Bitcoin loser. Strategy has been buying Bitcoin for over five years, and so far that "investment" has netted an unrealized $12 billion loss. If a genius like @saylor can't even make money in Bitcoin why should anyone else try?— Peter Schiff (@PeterSchiff) June 4, 2026 By his estimate, after more than five years of buying, the unrealized loss has reached $12 billion — and “if a genius like Saylor can’t even make money in Bitcoin, why should anyone else try?” Institutional voices have joined in. Arca Chief Investment Officer Jeff Dorman called Strategy’s preferreds “out of control,” pointing to roughly $15 billion of such issuance. Attention is also rising in major media. The New York Times published a substantial feature on Saylor and Strategy — a sign the story now extends well beyond crypto. What to watch next Strategy isn’t a classic pyramid in the legal sense. In practice, everything hinges on two things: bitcoin’s price and the ability to attract new capital.  The near-term questions boil down to three:  Whether the company can keep servicing STRC dividends without sizable bitcoin sales.  Whether it can retire the remaining $6.5 billion of convertible debt without large asset disposals.  Whether retail demand for preferreds holds if bitcoin jumps and makes common stock a more convenient funding tool. For now, Strategy is walking a line between market signaling and hard obligations.