# Top stories on Kiwi News, week 23 2026

Mon 1 to Sun 7 June 2026
Page: https://news.kiwistand.com/weekly/2026-W23

The 20 top stories on Kiwi News from Mon 1 to Sun 7 June 2026, ranked by upvotes, comments and clicks, with 11 comments in total. Most-shared sources: x.com, firefly.social, farcaster.xyz.

Summaries are AI summaries of the linked article.

## 1. @EF_ESP: ETH becomes default payment method for all new grants starting June 10

- Kiwi News: https://news.kiwistand.com/stories/EFESP-ETH-becomes-default-payment-method-for-all-new-grants-starting-June-10?index=0x6a245897e2959f8b29eb0542a759725899b216670fb2199ff7a90046ecf92671f0e15536
- Source: https://firefly.social/post/x/2062897232635195871
- Submitted by misha, 2 upvotes, 4 comments

## 2. Building index-tracking assets on top of options instead of debt

- Kiwi News: https://news.kiwistand.com/stories/Building-index-tracking-assets-on-top-of-options-instead-of-debt?index=0x6a1da61cdf7a2681bdea4091315753f61b51284c6a37ae8ebf02f2e97148d0a0816ef7d2
- Source: https://ethresear.ch/t/building-index-tracking-assets-on-top-of-options-instead-of-debt/25036
- Submitted by misha, 3 upvotes, 0 comments

The article proposes building index-tracking synthetic assets on options instead of debt, arguing this removes the need for real-time oracles and liquidations. It defines a pair of tokens, P and N, created by splitting 1 ETH, where at maturity P receives min(1, S/x) ETH and N receives max(0, 1 - S/x) ETH, with x being the oracle's value of the tracked ticker T. Because P + N always equals 1 ETH, the system cannot become insolvent and liquidations are unnecessary. The author suggests holding deep in-the-money options and rotating to lower strikes as prices approach the strike, and says accepting moderate quadratic drift of about 1-4% per year is underrated.

## 3. @hashrunner_: O(1), a zero-knowledge protocol artwork on Ethereum

- Kiwi News: https://news.kiwistand.com/stories/hashrunner-O1-a-zero-knowledge-protocol-artwork-on-Ethereum?index=0x6a20afe7623e37adf8c34688843ce1adc4f95312c0a4794409674b5ead52ce255e9c5711
- Source: https://firefly.social/post/x/2062196811050234365
- Submitted by misha, 3 upvotes, 1 comment

## 4. May ‘26: Ethereum’s Ballmer Era

- Kiwi News: https://news.kiwistand.com/stories/May-26-Ethereums-Ballmer-Era?index=0x6a213ab8ab762e7edf821e745928cfde9732b292286892104e59fd29f95e99b0bd7d495f
- Source: https://benlakoff.substack.com/p/may-26-ethereums-ballmer-era
- Submitted by rvolz.eth, 2 upvotes, 2 comments

David Hoffman's essay explaining why he sold all his ETH at $2,070 is the starting point for a May newsletter arguing that Ethereum's bear case is real but not decisive, and that ETH still works as a trade. The author says the bear case resembles Steve Ballmer's Microsoft era, but notes that Microsoft's stock went roughly sideways for over a decade while its enterprise franchise compounded, and argues that ETH's growing staking, ETF and treasury-company holdings can reprice the asset even without fee-driven value capture. The piece also cites the GENIUS Act and a CLARITY Act that cleared Senate Banking on May 14 as signs of regulatory progress, and lists funding rounds including Kalshi's $1B Series F at a $22B valuation.

## 5. @koeppelmann: Zodiac delay module bug allows attacker to initiate Safe txs

- Kiwi News: https://news.kiwistand.com/stories/koeppelmann-Zodiac-delay-module-bug-allows-attacker-to-initiate-Safe-txs?index=0x6a1d90e3b2f19cc5c23928c353014045892b2f0064768443cc3bb75436cc53cc31dc65f4
- Source: https://x.com/koeppelmann/status/2061376468446257630
- Submitted by misha, 2 upvotes, 2 comments

## 6. @0xen: They didn't even bother with onchain summer this year I guess

- Kiwi News: https://news.kiwistand.com/stories/0xen-They-didnt-even-bother-with-onchain-summer-this-year-I-guess?index=0x6a23bda925383ec7000b4040a42d8b36674d44d5c2912a63aa43341802f9069368090309
- Source: https://farcaster.xyz/0xen/0xe50cef1c
- Submitted by misha, 3 upvotes, 0 comments

## 7. @philipglazman: agentic payments

- Kiwi News: https://news.kiwistand.com/stories/philipglazman-agentic-payments?index=0x6a21b90e29769e59d0b9d794d1787206ab880d883461d0ee8097054504dda19d540aa02c
- Source: https://x.com/philipglazman/status/2062245459356221712?s=12
- Submitted by tim, 3 upvotes, 0 comments

## 8. @polynya: crypto revenue metrics are dangerous, 90% derived from speculation

- Kiwi News: https://news.kiwistand.com/stories/polynya-crypto-revenue-metrics-are-dangerous-90percent-derived-from-speculation?index=0x6a2268b9223b68122dcd5d7f200209e79a95c6bfa166911fa91c7601deb5e66b0653293d
- Source: https://farcaster.xyz/polynya/0x4708cf2d
- Submitted by misha, 3 upvotes, 0 comments

@polynya argues that revenue and cashflow metrics promoted by crypto advocates are dangerous because the industry is built on speculation and hodling. Over 90% of trading and transaction fees and related revenues come directly from speculation, and eroding the industry's belief in its money would lead to a collapse of more than 90% industry-wide. It warns against extrapolating from speculative manias and says baseline figures should be examined deep into a bear market instead.

## 9. Passkeys: A hardware wallet integrated into your phone?

- Kiwi News: https://news.kiwistand.com/stories/Passkeys-A-hardware-wallet-integrated-into-your-phone?index=0x6a1ed8409cd6050327307b37d523bc22582055a2c8b50dfd8e5762549e6a68f9f6848dff
- Source: https://dankradfeist.de/blockchain/2026/05/31/passkeys-hardware-wallets.html
- Submitted by rvolz.eth, 2 upvotes, 1 comment

Passkeys on phones are not a substitute for a hardware wallet, according to the article, which concludes that Apple's current implementation is closer to a password manager. The author says that on Apple devices the passkey keys are stored outside the secure enclave in system memory and decrypted there, and that Apple only issues passkeys that sync via iCloud Keychain. Nicolas Bacca, former CTO of Ledger, reportedly extracted keys from the operating system after jailbreaking an iPhone, which the article says he presented at Devcon 7. The author recommends treating ordinary passkeys as hot wallets and suggests YubiKeys as a closer alternative, though they cannot be backed up and are only useful in a multisig setup.

## 10. Fugitive Thresholds: Differential (Il)legibility, and the Martial Gaze

- Kiwi News: https://news.kiwistand.com/stories/Fugitive-Thresholds-Differential-Illegibility-and-the-Martial-Gaze?index=0x6a2349efb75a83e5a44a4d3cafab9e4c48d5c41b46d14ed714cef038f64c17364bf2e419
- Source: https://diffractionscollective.com/2026/06/01/fugitive-thresholds-differential-illegibility-and-the-martial-gaze-c-i-p-h-e-r
- Submitted by misha, 2 upvotes, 0 comments

This academic essay, part of the Lethe Machina series curated by Sasha Shilina and Silas Nemo for Diffractions, introduces "differential (il)legibility" as a fugitive practice in which bodies exploit mismatches between their measurable signatures and the anthropomorphic template expected by surveillance systems. Drawing on Luciana Parisi's "negative optics" and Antoine Bousquet's triad of counter-conduct tactics (concealment, decoying, bedazzlement), it argues that failures in machine vision are generative spaces rather than errors to be eliminated. The authors illustrate the idea with thermal-masking cloaks, which can hide a body from infrared sensors while leaving it visible in the optical spectrum.

## 11. Kiwi News Weekly Digest — Jun 06, 2026

- Kiwi News: https://news.kiwistand.com/stories/Kiwi-News-Weekly-Digest-Jun-06-2026?index=0x6a2447746eaec331ea2e303f42cc7728febadeba2f390e31070e5ea1a282f3325f772ba1
- Source: https://buttondown.com/kiwi-news-weekly/archive/kiwi-news-weekly-digest-jun-06-2026
- Submitted by tim, 2 upvotes, 0 comments

## 12. @koeppelmann: Gnosis Pay hack via delay module, Gnosis will cover losses

- Kiwi News: https://news.kiwistand.com/stories/koeppelmann-Gnosis-Pay-hack-via-delay-module-Gnosis-will-cover-losses?index=0x6a1d56246e88a9855dec36833dbf68aa07dbe29729b31643034b5fdc11a7e196dc66a5d2
- Source: https://x.com/koeppelmann/status/2061362219984568719
- Submitted by misha, 2 upvotes, 0 comments

## 13. @CryptoTaffy: Gnosis Pay exploit root cause: a taint of revert data

- Kiwi News: https://news.kiwistand.com/stories/CryptoTaffy-Gnosis-Pay-exploit-root-cause-a-taint-of-revert-data?index=0x6a1fb0f61d28466377ce443ae8372d31a87419b6e63596e6884527ea88b04807e1343929
- Source: https://x.com/cryptotaffy/status/2061809228004929987?s=12
- Submitted by tim, 2 upvotes, 0 comments

## 14. thatsRekt — real-time on-chain hack alerts

- Kiwi News: https://news.kiwistand.com/stories/thatsRekt-real-time-on-chain-hack-alerts?index=0x6a1fb230d9c6ec7a9bded91eeae8a5e83a6ab8d4951e3fd37eb2abc525c406ec7e11b94d
- Source: https://thatsrekt.com/post/ethereum/10
- Submitted by tim, 2 upvotes, 0 comments

## 15. PUNZI Papers Essay One: A Crisis of PonzisSearching solutions: https://punzi.xyz

- Kiwi News: https://news.kiwistand.com/stories/PUNZI-Papers-Essay-One-A-Crisis-of-PonzisSearching-solutions-httpspunzixyz?index=0x6a210abeace84b0d336a794c87c9677ef63dcfdd176fabd4cc4f98888ad78bb8907348eb
- Source: https://punziwars.substack.com/p/00-introduction
- Submitted by 0xBe85...4836, 2 upvotes, 0 comments

The Ponzi pattern, in which earlier participants are paid from later ones and the structure generates no returns of its own, is not inherently fraudulent, and it runs through legitimate institutions such as pensions, fractional-reserve banking and sovereign debt. Charles Ponzi's Boston scheme took an estimated $15 million from about 30,000 people before collapsing in 1920, while Bernard Madoff's operation reported roughly $65 billion in client assets when it failed in 2008, with a net investor loss put at about $17.5 billion. The more useful question, the essay holds, is how well a structure carries the pattern, judged by efficiency, transparency and longevity.

## 16. Clean Girl Theory or How I Learned to Stop Worrying and Love the Panopticon

- Kiwi News: https://news.kiwistand.com/stories/Clean-Girl-Theory-or-How-I-Learned-to-Stop-Worrying-and-Love-the-Panopticon?index=0x6a226b1c10e44650513e53d66c7aad353b8ebc0054b8062cdccf9a8d69660243d4aef6cc
- Source: https://networkcultures.org/longform/2026/06/03/clean-girl-theory
- Submitted by misha, 2 upvotes, 1 comment

The Clean Girl is presented as more than a beauty trend: an argument that women must look controlled and show no visible sign of their bodies to be socially legible. Drawing on Mary Douglas's 1966 line "Dirt is matter out of place," the text ties this to older religious and social systems that treated impurity as a moral verdict. It holds that cleanliness has become a baseline requirement rather than an achievement, and that the ever-growing routines and products sold around it profit from women's anxiety about aging and mortality.

## 17. @xcoldplunge: holding ETH to zero, won't sell despite most net worth in it

- Kiwi News: https://news.kiwistand.com/stories/xcoldplunge-holding-ETH-to-zero-wont-sell-despite-most-net-worth-in-it?index=0x6a244d3ccb27f60c9a5b9192ceb4b04f186d3e5dd11888f7818b3aed7e02af89315fb20c
- Source: https://firefly.social/post/x/2062897631932699071
- Submitted by misha, 2 upvotes, 0 comments

@xcoldplunge says they will hold ETH even if its price falls to zero, despite having most of their net worth in it. They describe Ethereum as a bastion of freedom and self-sovereignty in an increasingly controlled world, and say they would rather be wrong holding it than give up on what they call the most inspiring invention of their generation. The post also suggests most people still holding ETH are likely willing to go down with the ship, though it gives no figures or sources for that claim.

## 18. A Trip Through the Venice Biennale, Interregnums, and Protocol Art

- Kiwi News: https://news.kiwistand.com/stories/A-Trip-Through-the-Venice-Biennale-Interregnums-and-Protocol-Art?index=0x6a1e96765a62344982d00c38860b256568d306c69343f9f3877c713c0d52e4f9f25998eb
- Source: https://sceneswithsimon.com/p/a-trip-through-the-venice-biennale
- Submitted by misha, 2 upvotes, 0 comments

The writer argues that the present may be an interregnum, a transitional period in which exceptions to rules have become the norm, and that the 2026 Venice Biennale, titled "In Minor Keys" by main curator Koyo Kouoh, reflects this moment. Citing Venkatesh Rao's essay on "exceptionists," the writer links rising exceptions to breakdowns in international rules and norms over the last decade. The Dutch Rietveld Pavilion's performance, in which shutters closed over the windows, is read as reflecting the end of Enlightenment ideals, while the Holy See pavilion focused on listening. The writer concludes that whether this is an interregnum is unclear and that paying attention is the best response.

## 19. Techno-Capitalism

- Kiwi News: https://news.kiwistand.com/stories/Techno-Capitalism?index=0x6a1f08411787aba3793dd03b0dbdc07f457f0675f489bdea4900c0b75d4e05a1846aa5bc
- Source: https://kermankohli.substack.com/p/techno-capitalism
- Submitted by rvolz.eth, 2 upvotes, 0 comments

The author argues that a new class of investors, called "techno-capitalists," is emerging as financial markets become intertwined with technology, and that these investors need both engineering discipline and market experience. Per the text, the first generation came from crypto, the second is now entering public equities around AI and semiconductors, and an undersupply of such investors exists. The text also points to on-chain smart contracts and insurance as a future intersection, citing Ilemi's balance sheet graph for modeling token dependencies and risks, and it concludes that capital must be directed carefully to avoid stalling progress.

## 20. @zodiaceco: Security vulnerability in Roles Modifier v2 and Delay Modifier

- Kiwi News: https://news.kiwistand.com/stories/zodiaceco-Security-vulnerability-in-Roles-Modifier-v2-and-Delay-Modifier?index=0x6a1f15d18bfc14dd011b7a9d47139c7e30fa2c661523804674b5324033db2fa83af4b280
- Source: https://x.com/zodiaceco/status/2061862711206502902?s=12
- Submitted by tim, 2 upvotes, 0 comments