Crypto

The ZCash team hired a hacker to find an exploit in the ZCash protocol, and he exposed a glitch that has been out there for four years.

House Republicans plan a summer vote on a congressional stock trading ban and new restrictions on lawmakers’ prediction market activity. Republicans in the US House of Representatives are moving to add prediction market restrictions to a stalled congressional stock trading ban, as lawmakers scrutinize whether members of Congress should be allowed to wager on elections or public policy. House Administration Committee Chair Bryan Steil plans to attach prediction market provisions to H.R. 7008, the House’s stalled stock trading ban bill, before it reaches the floor, Bloomberg Government reported Thursday. Steil said he expects House leaders to schedule a vote on the measure, which would combine stock trading limits with new restrictions on lawmakers’ use of prediction markets. Read more

Some of the largest banks are reportedly launching a tokenized deposit network in early 2027 in response to growing competition from stablecoin companies entering TradFi. Some of the largest US banks are reportedly planning to launch a tokenized deposit network in the first half of 2027 in response to growing competition from blockchain companies expanding into traditional finance.  The network will be operated by The Clearing House, the bank-owned payments operator, and will connect traditional payment rails with digital asset infrastructure for 24/7 settlement, CEO David Watson told The Wall Street Journal. The Clearing House is co-owned by some of the largest US banks, including JPMorgan Chase, Bank of America, Citibank, Barclays, BNY and Wells Fargo, among others, according to its website. Read more

XRP just dipped below $1.10 for the first time since late 2024 - will it get even worse soon?

Bitcoin’s downside targets cluster near $50,000, but a larger weekly bearish setup puts a deeper correction toward $33,000 on the radar. Bitcoin (BTC) is heading for its worst weekly performance since November 2022, down around 15% week-to-date as of Friday. BTC/USD weekly chart Source: TradingView Read more

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail. Ethereum (ETH) This week was one of the worst of this bear market as most cryptocurrencies fell by double digits. Ethereum was no different, crashing 17%. Unfortunately, the $1,800 support could not hold the bears back and quickly turned into resistance. […]

Zcash plummeted 40% after Shielded Labs revealed a major bug that went undetected for 4 years.

Apyx's apxUSD fell below its dollar reference on June 4 as Bitcoin traded near $63,000, putting DeFi dollar peg risk back in focus. A Bitget report said the token briefly touched $0.93 during the selloff. The report framed Apyx's response as a design point: apxUSD's reserve risk is largely borne by Strategy's STRC preferred stock, […] The post A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off appeared first on CryptoSlate.

Hayes said he would reconsider his stance if his assumptions that an exploit is still possible prove to be incorrect.

Pump.fun's GO bounty platform already has hundreds of listings following its pitch to let users “Pay ANYONE to do ANYTHING.”

Your day-ahead look for June 5, 2026

Here's everything most interesting surrounding XRP, BTC, and ADA.

Forward Industries moved $31.9 million in SOL to Coinbase Prime as its Solana bet sits over 70% underwater, underscoring growing strain on corporate crypto treasuries. Forward Industries transferred roughly $31.9 million worth of Solana tokens to Coinbase Prime Thursday, according to blockchain data, marking its first onchain activity in a month. Data from Arkham Intelligence shows a wallet tied to the Nasdaq-listed company moved 455,784 SOL to the institutional trading platform. The transfer comes as the firm sits on steep unrealized losses tied to its large-scale bet on the token. The deposit to Coinbase Prime does not necessarily confirm an immediate sale but is commonly interpreted as a precursor to trading activity, particularly for institutional holders seeking liquidity or risk reduction. Read more

South Korean police reportedly launched the country’s first illegal gambling probe into local Polymarket users amid election-betting scrutiny. South Korean police have reportedly launched the country’s first illegal gambling probe into local Polymarket users, widening regulatory scrutiny of the decentralized prediction market. The investigation is led by Gangwon Provincial Police and was requested by the National Police Agency, according to ChosunBiz.  Users may face fines of up to 10 million won ($6,500) under Article 246 of the Criminal Act covering gambling and habitual gambling. Under current law, Sports Toto is the state-authorized sports betting platform, while unauthorized online betting can be prosecuted under South Korean gambling laws. Read more

Zcash lost more than $5 billion in market value after its developers, using Anthropic's Claude AI, discovered a long-running flaw in one of its privacy systems that could have enabled counterfeit tokens to be created without easy detection. In response to this disclosure, data from CryptoSlate showed that ZEC fell more than 50% to as low as $255 […] The post Zcash loses over $5 billion after AI finds 4-year bug that could have created fake hidden coins appeared first on CryptoSlate.

An Orchard vulnerability that allowed undetectable counterfeiting of ZEC in its shielded pool has reignited debate over privacy coins.

Crypto is on course for its worst week since July 2024, with the ether price approaching a critical support as a zcash exploit and AI capital rotation pile on the pressure.

You Will Not Like Where Google Gemini AI Predicts Bitcoin Going in The Next 30 Days The post You Will Not Like Where Google Gemini AI Predicts Bitcoin Going in The Next 30 Days appeared first on Cryptonews.

$62B Wipeout: Are Bitcoin Treasury Strategies Broken? The post The Bitcoin Crash Just Wiped $62 Billion From Corporate Treasury Holders, Is the MicroStrategy Model Broken? appeared first on Cryptonews.

Arthur Hayes Exits Zcash After Orchard Pool Bug Found The post Arthur Hayes Just Dumped His Entire Zcash Position After a Bug That Could Have Allowed Counterfeit ZEC for 4 Years appeared first on Cryptonews.