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Vitalik Buterin published an article titled "Obfuscation: building the final boss of cryptography (Part I)", systematically outlining the entire technical tree behind the mainline of the obfuscation protocol (iO). The article points out that obfuscation technology can transform programs into "encrypted programs", allowing computations on plaintext inputs while hiding internal logic. Theoretically, it can achieve "trustless trusted third parties", and when combined with blockchain, it can build nearly trustless voting systems, auction protocols, and various other applications. However, the current iO scheme, while technically polynomial time, incurs enormous practical overhead, with expected runtimes exceeding the lifespan of the universe.The article details the construction process of lattice-based iO, covering the stacking of primitives such as fully homomorphic encryption (FHE), attribute-based encryption (ABE), obfuscated circuits, function encryption, and XiO. Vitalik stated that the field has moved from "impossible" to "provably secure" over the past decade, but there remains a significant gap to practical application. He proposed three future paths: further optimizing the existing lattice-based route, adopting bolder cryptographic assumptions to simplify constructions, or exploring entirely new assumptions that are completely different from lattices, emphasizing that if any direction succeeds, it will largely "solve cryptography", enabling any protocol describable by an ideal trusted third party to be securely implemented.

Machi Brother Huang Licheng posted multiple tweets about the meme coin Machi, with the related token price once breaking through 0.0007 USD, currently reported at 0.000668 USD, with a daily increase of 235%.It is currently unclear whether the Machi Brother X account has been hacked, reminding community users to stay vigilant. The prices of meme coins are highly volatile, mainly driven by market sentiment and conceptual speculation, lacking clear practical application scenarios, and investors should be aware of the associated risks.

According to The New York Times, informed sources revealed that due to the recent significant drop in stock prices following the SpaceX IPO and the overall sluggishness of the tech stock market, OpenAI is inclined to postpone its public listing plan from later this year to 2027.It is reported that OpenAI CEO Sam Altman insists on seeking a listing valuation of up to $1 trillion and has rejected advisors' suggestions to "accept a lower valuation to expedite the listing process." Earlier, OpenAI had secretly submitted IPO application documents to the U.S. Securities and Exchange Commission (SEC) earlier this month, but did not specify a concrete timeline. Currently, OpenAI's latest valuation is $852 billion, with revenue of approximately $13 billion last year and a net loss of $21 billion.

According to Jinshi reports, Federal Reserve's Williams stated that the expected timeline to achieve the 2% inflation target has been postponed from 2027 to 2028.

According to Bloomberg, the merger vote between Cantor Fitzgerald affiliate Cantor Equity Partners I Inc. and Adam Back's digital asset treasury company BSTR Holdings Inc. has been postponed from June 26 to July 2. The statement indicated that the delay is related to the private placement matters previously disclosed by Cantor Equity Partners.The transaction has attracted significant attention due to the decline in cryptocurrency prices, which has led to a substantial shrinkage in the public market valuation of the digital asset treasury company, raising concerns about shareholder dilution. Cantor Equity Partners is a special purpose acquisition company that announced its merger with BSTR last July.

On Monday, U.S. President Trump signed two executive orders aimed at accelerating the development of U.S. quantum computing capabilities and advancing the government's transition to post-quantum cryptography. Although the executive orders did not directly mention Bitcoin, industry insiders believe this could benefit the blockchain's post-quantum security research and development.The two executive orders focus on defending against advanced cryptographic attacks and promoting cutting-edge quantum innovation. They include a clear timeline: to advance the construction of quantum sensors by September 2028 and require federal high-value assets and high-impact systems to complete the transition to post-quantum cryptography by the end of 2031. Project Eleven CEO Alex Pruden stated that this means the U.S. government will invest time and resources to achieve post-quantum security goals and may extend related requirements to the entire federal contractor system, not just limited to government agencies, thereby accelerating the implementation of post-quantum cryptographic technology.At the time of this policy announcement, the blockchain industry’s concern about quantum threats continues to rise. Organizations like the Ethereum Foundation and the Solana Foundation have begun advancing post-quantum security research and development, while the Bitcoin community is also discussing potential risks. Some publicly exposed Bitcoin addresses are believed to face the risk of private keys being derived once powerful quantum computers emerge in the future. Pruden pointed out that this executive order clearly sets the deadline for adopting post-quantum cryptography as 2031, which is more binding than the previous guidance from the U.S. government that proposed phasing out traditional cryptographic systems by 2035. For Bitcoin and the broader cryptocurrency industry, government investment in post-quantum security may accelerate the maturity of related tools, standards, and migration paths.

According to a report by The Wall Street Journal, the prediction market platform Polymarket is suspected of paying dozens of social media creators to instruct them to record fake betting and high-profit videos on a simulated website that closely resembles the official site, using this as a promotional tactic to attract new users. The report indicates that the campaign required creators to conceal the official sponsorship relationship and specifically targeted the domestic audience in the United States.The investigation shows that the related marketing videos have accumulated over 140 million views on platforms such as TikTok, YouTube, and Instagram, involving up to $1.9 million in false bets. In response, Polymarket did not directly address the specific details of the investigation but stated in a statement that, as part of promoting industry transparency, the platform is conducting a comprehensive audit of active promotional content to ensure it strictly complies with internal standards and applicable regulatory and legal disclosure requirements.

According to foreign media reports, the board of ByteDance reached a consensus in early May 2026 to postpone its initial public offering (IPO) plan. Founder Zhang Yiming believes there is still room for valuation growth, and going public at this stage would transfer too many benefits to late-stage risk-free investors.Currently, the trading valuation of ByteDance in the over-the-counter gray market has exceeded $600 billion. A senior technology investment banker at Bank of America stated that the company's market value is expected to approach $1 trillion, setting a new industry benchmark.Policy and geopolitical risks have eased somewhat. In early 2026, Oracle Corporation reached an agreement with an investor consortium to jointly acquire 80% of TikTok's U.S. entity, effectively clearing most related regulatory pressures.In terms of AI business, the Doubao APP, as the largest chat assistant by user scale in the country, is adding paid tiers on top of its free service.

According to Jinshi reports, UBS Global Wealth Management has postponed its expectations for the Federal Reserve's interest rate cuts to March and June 2027, and no longer expects any rate cuts this year. The institution stated that this move reflects its judgment that this week's meeting will release hawkish signals. UBS expects the Federal Reserve to cut rates by 25 basis points in March and June next year. The Federal Reserve will announce its interest rate decision this week, and the market generally expects rates to remain unchanged. UBS analysts indicated that the tone of this meeting will be more hawkish, and major central banks will not shift to dovish policies due to the agreement between the U.S. and Iran.

According to on-chain analyst Ai Yi's monitoring, the screenshot from "Set 10 Big Goals First" @Jason60704294 shows that he has placed a short order of 160.372 BTC, with an opening price of $66,550, amounting to approximately $10.67 million. The community speculates that the sell order of 605.73 BTC at the same price point may also be his, which, if true, would mean a position size of $40.31 million, and it has not yet been executed.

According to Forbes, the Ontario Teachers' Pension Plan in Canada is expected to gain substantial returns from the SpaceX IPO. The fund invested approximately $220 million in SpaceX in 2019 when the company's valuation was around $33 billion to $36 billion.If SpaceX goes public as planned at $135 per share, with an estimated valuation of about $1.75 trillion, the shares held by the Ontario Teachers' Pension Plan would rise to approximately $11.6 billion, with potential paper gains exceeding $11 billion. As of the end of 2025, the Ontario Teachers' Pension Plan manages assets of about $279.4 billion, covering 346,000 active and retired teachers.The fund's Chief Investment Officer Gillian Brown previously stated that an IPO does not necessarily mean an exit point, and they may continue to hold shares in the future to see if SpaceX can initiate a new growth cycle after acquiring xAI. Notably, the fund had invested about $95 million in FTX in 2022 and wrote down that investment to zero after FTX's bankruptcy. However, benefiting from strong performances from projects like SpaceX, its venture capital portfolio is still expected to achieve a 30% growth by 2025.Currently, some institutions are cautious about SpaceX's valuation. Morningstar believes its fair valuation is less than half of the IPO target. Based on a $1.75 trillion valuation, Elon Musk's wealth, holding about 41% of the shares, is expected to rise further, potentially making him the world's first trillionaire.

According to the THORChain blog, ZEC has been added to the THORChain launch queue, but due to a recently disclosed vulnerability in Zcash that affects the normal use of integrators, THORChain needs to complete a code modification in the Bifrost module before proceeding.The development team stated that the modification is very minor but must be completed before the launch of ZEC. Currently, Monero (XMR) is expected to launch at the end of this month, with ZEC following afterward.

According to The Defiant, Ethereum researchers Thomas Coratger, Justin Drake, and others released a proposal on June 1 at the Ethereum research forum, planning to establish a dedicated XMSS public key registry as the first concrete protocol upgrade for Ethereum's migration to post-quantum cryptography.This registry allows approximately 1 million validators to pre-register quantum-safe XMSS keys before the full switch to the BLS signature system, serving as an important "preheating phase" to reduce the impact of the subsequent switch on network stability. This proposal has been included in the Ethereum Foundation's protocol team's Strawmap roadmap, marking the first protocol fork on that roadmap.

Regarding the attack on the Kelp rsETH LayerZero V2 bridge that occurred on April 18, Aave released a post-incident investigation on the X platform, emphasizing that the exposure was primarily due to third-party bridge infrastructure rather than the protocol itself. The attacker executed an RPC poisoning attack targeting a single validator of LayerZero, forging a cross-chain message. This led to the release of 116,500 rsETH on the Ethereum side without actual destruction on Unichain. The attacker subsequently deposited the stolen rsETH into Aave V3 (Ethereum Core and Arbitrum), borrowing approximately 82,650 WETH and 821 wstETH.The Aave Protocol Guardian and Risk Steward immediately implemented protective measures for the rsETH and WETH reserves. Currently, the WETH and rsETH markets in the affected V3 deployments are operating normally. The rsETH held by the attacker on Arbitrum has been destroyed, the LayerZero OFT adapter has been fully recharged in five batches, rsETH support has been fully restored, and Kelp has reopened the withdrawal, bridging, and claims functions for rsETH. The WETH LTV in the affected markets has been reset to pre-attack values, and Aave V3 is fully operational across all markets except for rsETH.The Arbitrum DAO has voted to authorize the transfer of frozen ETH to Aave LLC, and it is currently awaiting on-chain execution. The court is still reviewing the substantive content of the injunction, and Aave LLC will continue to comply with the injunction during the court's deliberation. Ongoing projects include: the Aave risk framework from Llama Risk, the bridging assessment framework, the release of evaluation reports for currently live assets, on-chain execution of Arbitrum DAO votes, and the court's review of the injunction.

Circle released the "Post-Quantum Security White Paper," proposing a phased post-quantum resilience roadmap focused on the long-term security of the Arc blockchain ecosystem.The roadmap covers multiple technical directions, including quantum secure signatures, private execution environments, validator hardening, infrastructure migration, and account recovery, applicable to core components such as the Arc network, USDC, smart contracts, and validators.Circle stated that it plans to provide post-quantum signature support when the Arc mainnet launches (in 2026) to enhance the ecosystem's ability to respond to future quantum computing threats.

According to CoinDesk, digital asset management company Grayscale has suspended its preparations for a public listing in the United States due to the current unfavorable market environment, with the earliest expected restart of the related process being in the fourth quarter of this year. Grayscale is a subsidiary of DCG and is the issuer of several crypto investment products, including the Bitcoin spot ETF GBTC.2026 was originally seen as a peak year for crypto company IPOs, but as trading volumes weaken and the performance of new listings like BitGo falls short of expectations, companies such as Kraken's parent company Payward, ConsenSys, and Ledger have also chosen to delay their listing plans. Meanwhile, Blockchain.com is still advancing its IPO application in the United States.

Strategy founder Michael Saylor posted "HODL" (Hold On for Dear Life), calling for a steadfast hold on Bitcoin during the current poor market performance.