Friday Bitcoin closed at just $59,948 — dropping 19% just for June and more than 50% lower than its record high in October of $124,310.

To commemorate the occasion CNBC interviewed long-time bitcoin skeptic Jeremy Grantham, reporting that the 87-year-old cofounder/chief investment strategist of the massive asset-management firm GMO is "predicting it will gradually fade into irrelevance over decades." [The] longtime market commentator known for his calls on asset bubbles said bitcoin is a "useless, speculative" asset without intrinsic value, speaking on CNBC's "Squawk Box" Friday. He also said bitcoin hasn't outperformed during a bull market and questioned its practical use. "[Over] years and years, decades and decades, it will dwindle away, I suspect — not with a bang, but a whimper," he said. "It's not a stable form of value — it just halved ... for no particular reason in a strong economy, so you can't depend on it in that way."

He added that gold has still delivered solid gains over the same period, even after pulling back from its highs. Bitcoin not only hasn't proved itself as a useful asset to speculate on, it doesn't provide any real world utility either, Grantham argued. "People don't use it to make serious trades, they don't use it to buy their dinner and pay at the supermarket. ... What it does is allows crooks to move money around," he said.

Bitcoin has become notorious over the years for its dramatic bear market crashes, which has taken it down at least 70% from its peak in every cycle.
The article adds that "many investors believe the current price slump could drag on for several more months."

"The US government has allowed Anthropic to release its powerful Mythos AI model to select companies and organizations," reports CNN, "revising license requirements after ordering an export block earlier this month in the wake of national security fears." Since the export ban earlier in June, "Anthropic has worked with the US government to address risks associated with the Covered Models," Commerce Secretary Howard Lutnick wrote to the company in a letter dated Friday. In light of progress in that work, Lutnick wrote, "I have determined that appropriate safeguards are in place to permit certain trusted partners to access the Claude Mythos 5 Model."

The letter does not include permission for Anthropic to release Fable, a less powerful version of Mythos. "We received notice from the US government that Mythos 5, our strongest cybersecurity model, can be redeployed to a small group of cyber defenders and infrastructure providers," Anthropic said in a statement...

Conversations between Anthropic and the government are expected to continue into the weekend, with an eye to restoring access to Fable, as well, a source familiar with the discussions told CNN.

Longtime Slashdot reader schwit1 shares a report from autoevolution: The U.S. Department of Commerce's Bureau of Industry and Security denied Polestar an authorization under the Connected Vehicle Rule. Polestar will continue to sell its existing inventory of Polestar 3 and 4 crossovers in the United States and will continue to offer support to customers and access to its service network. But no new 2027 models will set wheels on American soil.

The Connected Vehicle Rule is a regulation that restricts the import and sale of vehicles equipped with Vehicle Connectivity Systems (VCS) and Automated Driving Systems (ADS) tied to foreign adversaries, primarily from China and Russia. Polestar is owned by Chinese auto giant Geely, which has also been the parent company of Swedish brand Volvo since 2010. However, Volvo has recently been granted authorization to sell connected vehicles in the United States.

The rule, set out by the Bureau of Industry and Security (BIS), classifies modern vehicles as mobile data centers and is designed to protect national security by keeping sensitive driver data and vehicle control systems out of the hands of foreign governments. Michael Lohscheller, Polestar CEO, confirms that the company is well aware that the automotive industry is entering a new phase, based on regional dynamics. So, Polestar will shift its strategy to its biggest market as it is preparing its exit from the U.S. market. The report notes that Polestar sold 5,384 cars in the U.S. in 2025, with 60,119 units sold globally.

BrianFagioli writes: The Linux Foundation has announced Akrites, a new initiative to coordinate vulnerability disclosure and remediation for critical open source software as AI dramatically speeds up vulnerability discovery. Founding members include AWS, Google, Microsoft, OpenAI, Red Hat, NVIDIA, IBM, Cisco, JPMorganChase, and others. Akrites will provide a shared Security Incident Response Team (SIRT), a standardized coordinated vulnerability disclosure process, and act as a "maintainer of last resort" for abandoned but widely used packages.

The goal is to reduce duplicate reports, avoid conflicting patches, and help upstream maintainers address vulnerabilities before they can be exploited. As AI makes it easier to find security flaws, can a coordinated industry effort help protect open source, or does it risk giving large corporations too much influence over the ecosystem? "Akrites is the largest coordinated effort in history to create systems and deploy tooling that leverages the collective power of the community to make everyone safer," the Linux Foundation said in an open letter. "Akrites participants will contribute engineering resources; work to build and ship fixes; or fund the engineers who do. Some companies have contributed mightily already. The reality is, collectively, we need to contribute more."

Apple has sharply raised prices across its Mac, iPad, HomePod, and Apple TV lineups as surging AI-driven demand creates a global memory and storage shortage. Increases range from $30 for the HomePod mini to $1,300 for the M3 Ultra Mac Studio, with Apple CEO Tim Cook saying efforts to shield customers from higher costs had become "unsustainable." The Verge reports: On Thursday, the company adjusted the price of its new MacBook Neo, which will now start at $699 instead of $599, while the base MacBook Air will jump to $1,299 from $1,099, as reported earlier by Bloomberg. The 14-inch MacBook Pro is getting an increase as well, going from $1,699 to $1,999. Meanwhile, the iPad Air will now start at $749 instead of $599, while the iPad Pro is increasing to $1,199 from $999.

As spotted by MacRumors, the M4 Max Mac Studio will now cost $2,499, a big jump from $1,999. The M3 Ultra Mac Studio is now priced at $5,299, up from $3,999. Apple is even raising the prices of its HomePod, which now costs $349 instead of $299, as well as bumping the price of the HomePod mini to $129 instead of $99. The Apple TV also now costs $199 instead of $129.

An anonymous reader quotes a report from Ars Technica: Google spent the last few years locked in a legal grudge match with Epic Games, which claimed that Google's stewardship of the Play Store was anticompetitive. Now, the companies are thick as thieves, and Google is beginning to implement app store changes as agreed in its settlement with Epic. The lower developer fees and new payment options that Google promised are rolling out in select markets this month before expanding. [...] Starting on June 30, developers in Europe, the UK, and the US will have access to the new fee structure. This system will split the commission into two components: billing and service fees.

The biggest win for small developers is the new flat 10 percent service fee for the first $1 million in earnings every year. Above that, the rate for various transaction types may reach 25 percent on existing installs. Apps installed after June 30 will top out at 20 percent. Developers will finally be allowed to send users outside the Play Store to complete a transaction, too. Google says they can design a choice screen "in accordance with our UX guidelines" to direct users to these external options. Devs pay the standard service fee on these purchases, but they'll avoid the billing fee. All transactions that run through Google's Play Store platform add a 5 percent billing fee -- even the base rate for publishers earning less than $1 million. Google notes that the billing fee is set at 5 percent in the initial markets, but it could be different in other regions. Google will expand the new fee structure globally through September 2027, while also offering reduced fees through updated developer programs.

Although the changes may let developers retain more revenue, Google will continue controlling Android distribution and collecting a share of sales as it works toward allowing certified third-party app stores to operate more like the Play Store.

fjo3 shares a report from the AFP: The latest heatwave sweeping across Europe is a stark reminder that it is the world's fastest-warming continent, stretching into an Arctic that is heating at an even greater pace. Britain, France, Italy and Spain have issued red alerts and health warnings for much of their territory this week as the region endures its second heat episode since May.

Here is a look at why Europe is warming faster than elsewhere: The planet as a whole is around 1.4C warmer than in preindustrial times, defined as 1850-1900. By comparison, Europe is around 2.4C hotter than the preindustrial era, according to the EU's Copernicus Climate Change Service. The long-term rise in global average temperatures is mainly due to greenhouse gas emissions from burning oil, gas and coal, but it varies by regions due to a combination of factors. Land warms faster than the ocean as water can absorb more heat and cool through evaporation.

Shifts in atmospheric circulation have driven more frequent and more intense heatwaves in the European summer, according to Copernicus. High-pressure systems, which bring settled weather and higher temperatures, have become more common in Europe, Copernicus director Carlo Buontempo said. [...] Another major reason is geography as Europe is connected to the Arctic, which is 3.2C warmer than in preindustrial times. The region's rising temperatures are partly due to a process known as the albedo feedback. Bright snow and ice reflect much of the sun's heat back into space, but as they melt they reveal darker, heat-absorbing surfaces such as land and the ocean.

In other parts of Europe, areas where snow was very frequent in winter have seen this coverage shrink, exposing dark land. Stricter air quality regulations have reduced aerosol emissions since the 1980s. But tackling the pollutant had the side effect of contributing to global warming, as these tiny airborne particles have a cooling effect by reflecting sunlight and making clouds more reflective.

An anonymous reader quotes a report from The Guardian: A tech sell-off shook global markets on Tuesday as attention turned away from developments in the US war with Iran and toward the future of AI companies and chipmakers that have driven stock markets to record highs. The tech-heavy Nasdaq index closed 2.2% lower on Tuesday. The S&P 500 was also down by Tuesday afternoon, dropping 1.43% while the Dow remained steady. All three major US indices have hit record highs this year, riding off a rush of funding to support AI technology and infrastructure. Nasdaq is up 10% for the year, while the Dow jumped 6% so far this year, breaching past 51,000 points, and the S&P 500 is up 7.3%.

But some economists have warned that the influx of AI spending is a bubble reminiscent of the dot-com bubble that burst in the early 2000s. Seven tech companies make up 30% of the S&P 500's value. The heavy reliance on a single industry and a few key companies has some investors wondering if it's a matter of when, not if, there will be a burst. Those concerns have been heightened by signals from the Federal Reserve last week that it may increase interest rates, and therefore the cost of borrowing, in order to tackle rising inflation. Alphabet fell 5% on Monday. SpaceX plunged 16%. The selloff also spread to Asia, with South Korea's benchmark dropping 10% as SK Hynix and Samsung Electronics each lost more than 12%, while Japan's Nikkei 225 declined 3.5%.

Wikipedia cofounder Larry Sanger has been indefinitely banned from editing the site after editors concluded that he violated its canvassing rules, "or in other words, calling on his followers off platform in order to influence Wikipedia's content," reports 404 Media. Sanger says the ban proves Wikipedia suppresses ideological diversity, while editors argue he was trying to mobilize an outside audience to influence internal decisions and had ignored an earlier warning. From the report: The discussion that led to the decision to ban Sanger concluded with what an editor called a "clear consensus" to ban Sanger. "There is general agreement among participants that he has engaged in off-wiki canvassing and is not here to constructively build the encyclopedia," the editor said in a note closing the discussion. "There is also a significant concern shared by many editors that his actions constitute calls for outing."

While Sanger has been railing about bias on Wikipedia for years, the specific issue here is around his WikiProject Intellectual Diversity. WikiProjects are group efforts among Wikipedia volunteers to deal with certain issues on the site. [...] Sanger's WikiProject Intellectual Diversity, as its name implies, aims to bring more intellectual diversity to the site, mostly meaning more right-leaning perspectives. Sanger's WikiProject Intellectual Diversity and its goals alone do not merit a ban according to Wikipedia's policies. The problem, according to Wikipedia editors, is that during the discussion about whether to allow WikiProject Intellectual Diversity to become an official WikiProject, Sanger invited his 91,000 followers on X to influence that discussion.

Discussions about potential bans are supposed to remain open for at least 72 hours. While consensus that Sanger had violated Wikipedia policies was clear, Sanger was banned at some point before that deadline. He was then briefly unbanned, and then again indefinitely banned once 72 hours had elapsed and the discussion about the ban closed. "Wikipedia has become more of a mob-rule anarchy than ever," Sanger said in a statement sent to me by a spokesperson. "In the kangaroo court in which a mob ousted me, Wikipedia's administrators showed that they don't appear to value details like formal charges, a designated prosecutor, basic decorum, distinction between prosecution and judge, dispassionate adjudication, and so forth. They have no proper system other than triggering a mob to selectively enforce their hodgepodge of vague rules."

"Now that same mob has blocked me for trying to bring an intellectually diverse group of thinkers and editors to the site," Sanger continued. "Subscribing to their groupthink is now an official requirement of being a member in good standing. Something must change, and now. I only wonder if the system as it currently stands can even allow the discourse necessary to fix the system."

An anonymous reader quotes a report from the New York Times: Mr. Zuckerberg, the chief executive of Meta, recently dispatched a small team at his company to create a smartphone app similar to Polymarket and Kalshi, two employees with knowledge of the matter said. Users would not wager money, and the app would probably rely on a video game-like points system instead, one person said, though the company had not ruled out the eventual use of real money betting. The app is internally referred to as "Arena" and would function independently from Meta's social networking apps, which include Facebook, Instagram, WhatsApp and Messenger, said the employees, who spoke on the condition of anonymity to discuss confidential plans. Meta aims to grow the app by leveraging its large social networking audiences and directing them toward using it, they said.

The effort, which insiders characterized as experimental but a top priority, is part of a broader push by Mr. Zuckerberg to create new types of apps based on emerging social behavior online. More than 3.56 billion people visit one or more of Meta's apps every day, an amount that has raised questions about whether those platforms have reached a saturation point. Arena is one of a handful of apps that Meta is trying out. Others include one called Meta Photos, another stand-alone app which would create new types of media using artificial intelligence, the employees said. [...] Meta insiders have cautioned that Arena remains in development and may not be released. But as executives search for ways to keep the world's largest social media sites thriving, Mr. Zuckerberg appears to be relying on his well-worn product development strategy: Follow the users.

The European Parliament's economic committee has backed a digital euro designed to reduce Europe's dependence on US-controlled payment networks such as Visa and Mastercard. The ECB-backed currency is targeted for launch by 2029 after a full parliamentary vote and negotiations with EU member states. Euronews reports: Under the proposal, consumers would be able to hold digital euros in a dedicated wallet, subject to a holding limit that has yet to be determined. The system would support both online and offline payments and is intended to offer a high degree of privacy, with the ECB unable to directly identify users from their payment data.

The ECB would provide the underlying infrastructure, while commercial banks and payment service providers would offer digital euro services to customers. Financial institutions are expected to be compensated for their participation in the scheme, while merchants will pay fees that are expected to be lower than those associated with current card transactions.

How that compensation should be structured remains one of the most contentious issues ahead of negotiations with EU member states, according to three sources familiar with the discussions. [...] The European Parliament is expected to formalise the committee's position during a plenary vote in Strasbourg in early July. Negotiations with the EU's 27 member states would then begin, with lawmakers aiming to reach a final agreement before the end of the year.

An anonymous reader quotes a report from Reuters: Britain is considering forcing social media companies to prioritize what the government called trusted news sources as part of its broader push to tighten regulation of the sector. The culture department said on Monday it was considering requiring platforms such as Meta's Facebook, Alphabet-owned YouTube and TikTok to make content from public service media -- including the BBC, ITV and Channel 4 -- and other trusted news providers easier to find in users' feeds and searches.

Boosting the visibility of regulated news providers could help tackle misinformation, particularly during crises, the government said. However, any move to influence how platforms rank content is likely to face scrutiny from the social media firms, which say such rules could override user choice and disadvantage other creators. The proposals form part of a broader overhaul of Britain's public service media system to help broadcasters compete with streaming platforms and shifting viewing habits. Ministers are also considering widening public service media status to include online-only providers, extending free-to-air protections for major sporting events to on-demand viewing, and consulting on a shift to internet-based TV from 2034 or 2044. "It is vital that we make sure that people have better access to trusted and accurate news and that our regulated public service media is seen and heard in the fierce battle against mis- and disinformation," culture minister Lisa Nandy said in a statement.

The move follows the UK's recently-announced ban on social media use for those under 16.

An anonymous reader quotes a report from Ars Technica: Dozens of new robot arms have been installed at General Motors' flagship electric vehicle factory in Detroit -- even as 1,300 workers remain out of work following what was supposed to be a temporary layoff. The latest automation push has spurred union pushback over a potentially existential issue for automakers and their workers. General Motors installed approximately 50 robot arms at GM's Factory Zero plant in Detroit, Michigan, according to reporting by Crain's Detroit Business. Made by the Japanese robotics company FANUC, the robots are designed to help attach various components to vehicles during the assembly line process. But leaders at United Auto Workers (UAW), the primary US union for autoworkers, reacted with anger to the new robotic presence, given how GM has not yet called back any of the workers affected by supposedly temporary layoffs in March.

More than 1,000 union members are still "laid off indefinitely," James Cotton, president of UAW Local 22, told The Detroit News. He said that the company could bring some of those members back to work instead of installing the 50 robots. The temporary layoffs were preceded by permanent layoffs involving another 1,200 workers at GM's Factory Zero in October 2025. Many automakers, including Stellantis NV and Ford Motor Company, have deployed assembly-line robots, such as Fanuc robot arms, as they push to automate more of their US operations. Hyundai Motor Company plans to deploy Atlas humanoid robots made by Boston Dynamics -- which Hyundai acquired in 2020 -- to start working in the automaker's flagship EV facility in Georgia by 2028. "Technological development has the capability of making work safer for the working class and enabling workers to have a shorter work week without losing pay," said Andrew Bergman, a Local 22 member and union organizer who was among those laid off by GM. "But in the bosses' and billionaires' hands it's used to pad profits and lay off workers."

Valve's new Steam Machine will launch June 29 starting at $1,049 and go up from there depending on the configuration. Although it costs considerably more than the PS5 ($599.99) and Xbox Series X ($649.99), "the value proposition for the Steam Machine is that it can play your library of Steam games you may have accumulated over years (or even decades), rather than just PlayStation games, and it's also a full Linux PC that you can customize to your heart's content," reports The Verge. "Valve also says that it's selling the Steam Machine for the cost of its components alone instead of subsidizing the price." From the report: You can now register your interest to buy a Steam Machine as part of a reservation system. To offer a fair playing field for people who want to buy one, Valve will randomize everyone in the queue on Thursday at 1PM ET. After that, anyone who registers their interest will be added to the end of the waitlist. The first emails giving people the opportunity to buy will go out on June 29th.

Valve will sell four configurations of the Steam Machine:
- A 512GB model for $1,049
- A 512GB model with a bundled Steam Controller for $1,128
- A 2TB model for $1,349
- A 2TB model with a bundled Steam Controller for $1,428

Garfield AI, the UK's first regulator-approved AI law firm, has won its first court case after helping a freelancer recover 7,000 pounds in unpaid fees. "I was owed money for work I had done, but it felt like the process of recovering it could be too stressful, expensive and time-consuming," said Tamires Camal Taquidir, a freelancer who had provided HR-related services to a hospitality business. "Garfield made it possible for me to pursue the claim and keep going. When the counterclaim was brought, it was intended to intimidate me, but I knew I had accessible, cost-effective and competent support. I'm delighted by the result." Computer Weekly reports: After attempting to resolve a dispute over paid fees without court action, Camal Taquidir [...] used Garfield AI to help her pursue the case in court. She was able to generate pre-action correspondence, and then prepare and issue court proceedings. The AI legal assistant conducted all of the legal work preceding the court trial. The defendant instructed solicitors and brought a counterclaim, which the claimant disputed with the support of Garfield AI.

The claimant continued to trial, including dealing with document production, the preparation witness statements and trial bundles. Garfield then instructed a junior, shortly before the trial began. She won the claim over unpaid fees following a three-hour trial at Wandsworth County Court. The claimant paid around 400 pounds in Garfield AI fees to recover the 7,000 pounds owed, while the defendant instructed both a solicitor and a barrister. [...] Following a three-hour trial at Wandsworth County Court on 14 May 2026, in which both sides were represented by barristers, the court found in favor of the claimant, awarding 7,000 pounds and dismissing the counterclaim.