Crypto

Cypherpunk Technologies shares tumbled to their lowest point since March as jitters tied to a Zcash bug knocked the Winklevoss-backed firm.

The May payrolls beat was hawkish enough to pressure crypto, while government hiring and cooler yearly wage growth keep the second interpretation from being one-way. The post Bitcoin price craters to $60,000 as BTC bulls get jobs report they were hoping to avoid appeared first on CryptoSlate.

Bitcoin sellers were losing steam, market analysis said as ongoing BTC price downside brought the market closer to $60,000. Bitcoin (BTC) extended losses after Friday’s Wall Street open as traders prepared for a retest of $60,000. Key points: Read more

XRP opens June with its most significant decline of the past 3 months. The $1.20 support band, which served as the absolute floor for months, is being breached, with the price now trading at $1.11. The RSI is also printing its lowest reading since February’s capitulation, and the next meaningful support is nearly $0.30 lower. […]

The Maryland Democrat says bipartisan crypto legislation is close, but ethics and illicit finance concerns remain unresolved.

Several headwinds converged over bitcoin recently as its largest buyer turned seller, ETF investors headed for the exits, and rate-hike fears rose.

The pool closed with over $25M in four-month volume and had already hit double-digit fixed XRP rates by May, as seen on historical charts.

XRP lost another 5% after a high-volume breakdown overwhelmed support near $1.20, leaving traders focused on whether the latest washout marks capitulation or the start of a deeper slide.

Many cryptocurrencies charted multi-month or even yearly lows in the past week. ADA is among the poorest performers.

Visa is testing private stablecoin settlement on Canton with Brale, exploring whether institutions can use blockchain without exposing sensitive transaction data. Visa is testing whether privacy-enabled blockchain networks can support institutional stablecoin settlement without exposing sensitive transaction data, in a proof of concept with stablecoin infrastructure company Brale and the Canton Network, a permissioned ledger backed by major Wall Street firms. The project, announced Thursday, uses SBC, a US dollar-backed stablecoin issued by Brale, to simulate institutional payment flows on Canton as Visa evaluates whether SBC could become another stablecoin option in its settlement program. The initiative extends Visa’s earlier experiments using stablecoins for settlement on public blockchains, which began in 2021 with USDC settlement on Ethereum but now target banks and market infrastructure providers that want onchain efficiency without broadcasting counterparties, positions or flows on a public ledger. Rea...

Bitcoin remains under heavy selling pressure after crashing below multiple key support levels in quick succession. The recent rejection from the descending 200-day moving average triggered a sharp sell-off that invalidated the previous rising channel structure and pushed BTC back toward a major demand zone around $60K. Meanwhile, on-chain data suggests market participants are increasingly […]

The exploit that nearly broke Zcash originated inside the zero-knowledge proof circuit that powers Orchard, Zcash's newest shielded pool, and the cryptographic core of its private transaction system. Taylor Hornby, a security researcher at Shielded Labs, found it on May 29 during a targeted protocol security review. Within hours, ZODL engineers confirmed the flaw, and […] The post AI-assisted Zcash flaw exposes the supply integrity gap an emergency fork could not fully close appeared first on CryptoSlate.

Cardano dominated crypto discussions after Charles Hoskinson warned of ecosystem failures and announced he was taking a break.

Zcash developers are weighing a new shielded pool and turnstile accounting after the Orchard bug raised supply verification questions. Zcash developers and researchers are discussing whether a new shielded pool could help restore supply verification confidence after a recently patched Orchard vulnerability. Shielded Labs, an independent Swiss-based Zcash support organization, said in a security update on Friday that it is exploring a proposed network upgrade that would deploy a new shielded pool and enforce “turnstile accounting” on coins moving from Orchard, giving users a clearer way to verify the integrity of funds moving out of the pool. The group said the proposal is still subject to further explanation and community review. Shielded Labs said it plans to publish a follow-up post next week explaining how the upgrade would work and what tradeoffs it could involve.  Read more

All twenty constituents in the CoinDesk 20 index were trading lower since yesterday.

The warning from the UK’s Financial Conduct Authority adds pressure to a perps market already under increasing scrutiny from regulators.

BitGo's Jody Mettler says the stablecoin debate is moving beyond crypto rules and becoming a battle over who sets the standards for the future global payment infrastructure.

Bitcoin whales flipped to support a BTC price rebound, but analysis warned that the Coinbase and Kimchi Premium still needed to return. Bitcoin (BTC) has fulfilled two of three key conditions to spark the next BTC price “rally,” new analysis says. Key points: Read more

Bitcoin is now facing another headwind — the prospect of higher interest rates.

Liquidations were small relative to the size of the decline, pointing to spot selling rather than a leverage cascade, while open interest in ZEC futures climbed to a record high in token terms as traders crowded into the slide from the short side.