Bitcoinist·
Maelstrom, the family office of BitMEX co-founder Arthur Hayes, has published its first annual report for its Bitcoin Grant Program — revealing that four active developers have collectively advanced Bitcoin’s privacy, security, and codebase resilience across a 20-month program that began in October 2024, with five developers supported in total since inception. Related Reading: Trump’s […]
Read full articleA coalition of 61 industry leaders, founders, and investors is urging Senate leaders to pass the CLARITY Act while preserving key developer protections. The push follows Senate Banking Committee approval of the Blockchain Regulatory Certainty Act (BRCA) that would clarify rules for developers and service providers. Developer Protections Move to Center of US Crypto Regulation […]
Arthur Hayes has turned sharply defensive on risk assets, warning that an AI stock-market unwind could spill into crypto before Bitcoin eventually benefits from the liquidity response that follows. In his June 9 essay “Reality Test,” the BitMEX co-founder said Maelstrom has cut several crypto positions while keeping Bitcoin and Ether as core holdings. Hayes’ argument starts outside crypto, with oil. He frames the US-Iran conflict and reduced Strait of Hormuz traffic as the central macro variable for markets, arguing that higher hydrocarbon prices could feed inflation, constrain US political options and pressure the AI trade that has dominated capital allocation since late 2022. “We start with oil and end with an election in Pax Americana,” Hayes wrote. “This story arc could produce a situation whereby the AI stock bubble pops and takes the entire crypto complex down with it. When the dust settles, then and only then, can Bitcoin rise from the ashes.” Hayes Turns Bearish On Crypto And R
Arthur Hayes published a macro thesis arguing Bitcoin cannot rally until the AI stock bubble deflates, citing $1.5 trillion in AI debt issuance that absorbed the liquidity Bitcoin needed. He exited HYPE, NEAR, WLD, and ZEC and rotated Maelstrom's equity book into US energy producers.
This version of Mythos excels at long, complex tasks, but passes on questions about risky things like cybersecurity or biology.
The lawmakers say the state needs to capitalize on data center growth because developers are interested in the region — and because, they asserted, risks are lower than some constituents fear.
Hayes believes that AI's growing demand for capital has become a major headwind for bitcoin.
Apple says its cloud processing is as private as on-device, despite expanding to run on Google’s servers. | Screenshot: Apple WWDC 2026 keynote As expected, yesterday's WWDC keynote was mostly about AI. And also as expected, Apple tried to turn its late arrival into its sales pitch: it didn't rush into AI because it was taking its time to do things right. In this case, "right" means "with more privacy than anyone else." It's a good pitch - the question will be how well it holds up. The new Apple Intelligence features and the updated Siri AI have been designed to work across iPhone, iPad, Mac, Apple Watch, and Vision Pro. There's a dedicated Siri AI app, with a ChatGPT-esque chatbot experience, new AI-powered camera and photo editing features, and the beginnings of an agentic exper … Read the full story at The Verge.
On June 1, GitHub Copilot’s usage-based billing became active for all Copilot plans, and developers reacted quickly and loudly. A Pro plan still costs $10, but it now comes with a monthly pool of AI credits. Those credits are priced at a penny each, and they’re consumed according to the model used and the tokens […]
