Weekly Crypto Digest: Bitcoin at $58K, ETH Foundation Restructures, Russia Tightens Control
Bitcoin tested the $58,000 level, the Ethereum Foundation plans to cut spending by 40% and overhaul its governance, and Russia's financial monitoring agency is tightening oversight of BTC transactions. Also, OpenAI released its GPT-5.6 model family and SpaceX reportedly lost $600 billion in market cap over three days, a decline nearly half the size of Bitcoin's capitalization.
The past week brought several notable developments across crypto and tech, as highlighted in the ForkLog Sunday digest.
Bitcoin briefly touched the $58,000 mark during the period. Meanwhile, the Ethereum Foundation announced plans to reduce its expenditure by 40% and restructure its management framework, signaling a shift toward greater fiscal discipline.
On the regulatory front, Russia's financial monitoring agency (Rosfinmonitoring) said it would tighten control over Bitcoin transactions, adding to the growing list of global oversight measures.
Outside crypto, OpenAI unveiled its GPT-5.6 model family. Separately, SpaceX reportedly saw its valuation drop by $600 billion in just three days — a loss roughly equivalent to half of Bitcoin's total market capitalization at current levels.
Source: ForkLog