ForkLog Roundup: Bitcoin at $60K, Institutional BTC Selling
ForkLog's weekly digest leads with a Bitcoin crash to $60,000, Bloomberg's forecast of a severe crypto winter, and institutional sales of 52,500 BTC through ETFs. Also featured are Zcash's 48% drop, Microsoft's quantum chip, and AI security news.
This week's ForkLog roundup captures a major market downturn: Bitcoin fell to $60,000, with Bloomberg warning of the 'coldest' crypto winter on record. Grayscale described Strategy's bitcoin sales as a stress test for the market. Institutional investors offloaded 52,500 BTC via spot ETFs, adding to bearish pressure.
Other notable stories include Zcash's 48% decline following a critical vulnerability fix, the shutdown of Cardano service TapTools, and Microsoft's unveiling of the Majorana 2 quantum chip. In the AI segment, Florida sued OpenAI over child safety, Anthropic flagged risks of self-improving models, and researchers demonstrated an adaptive AI worm. Nvidia plans an RTX Spark for local AI agents, while hackers reportedly exploited Meta AI to breach Instagram accounts.
The digest also offers longreads on the nostalgia of Web 1.0, the casino-like nature of perpetual contracts, and the feasibility of crypto economies under sanctions without reliable power.
Source: ForkLog