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27 Jun 2026

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Bitcoin Drops Again. Skeptical Investment Strategist Calls It 'Useless'

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."

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Is America becoming a gerontocracy?

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27 Jun 2026 6:22am GMT

IBM MCGA Gate Array Reverse Engineering

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27 Jun 2026 5:17am GMT

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Astronomers Find Biggest Super-Puff Planets Yet That Are Lighter Than Cotton Candy

Astronomers have discovered two Jupiter-sized exoplanets with densities lower than cotton candy, making them the lightest known worlds of their size. The rare "super-puffs," located about 1,110 light-years away, are likely composed mostly of hydrogen and helium, with follow-up observations by the James Webb Space Telescope expected to probe their atmospheres. The Associated Press reports: [University of Oxford's George Dransfield] suspects these fluffy, wispy worlds are probably white or blue, depending on whether the skies there are cloudy -- no shades of cotton-candy pink. The planets are probably mostly hydrogen and helium, although it will take follow-up observations by NASA's Webb Space Telescope to confirm their chemical makeup. Detected by NASA's Tess satellite over the past decade, these two especially puffy-puffs orbit a star in the southern constellation Volans, known as the flying fish. The researchers studied the planets' orbits using telescopes on Earth to determine their density, from 1,110 light-years away. A light-year is nearly 6 trillion miles (9.7 trillion kilometers). Jupiter, by comparison, is as much as 35 times denser than these two lightweights. Considered rare in the cosmos, super-puffs are thought to form around the disk of gas and dust around a newborn star where there is more gas than dust. They shed much of the material over time, stripping down even more. NASA's tally of worlds outside our solar system currently stands at nearly 6,300 confirmed. Fewer than 40 are super-puffs, according to Dransfield. The findings have been published in the journal Monthly Notices of the Royal Astronomical Society.

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OpenTTD 16.0-Beta1

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27 Jun 2026 4:31am GMT

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US Government Allows Anthropic Limited Release of 'Mythos' AI Model, Saying 'Appropriate Safeguards are in Place"

"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.