ZEC Crashes 38% as Zcash Discloses ‘Critical Counterfeiting Vulnerability’
An Orchard vulnerability that allowed undetectable counterfeiting of ZEC in its shielded pool has reignited debate over privacy coins.
Crypto
Crypto’s worst week since July 2024 deepens as bitcoin, ether near critical price levels
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.
JPMorgan, Bank of America, Citi to start blockchain offensive with shared tokenized network
American’s biggest banks plan to introduce a shared tokenized network next year to tackle the potential threat of stablecoins eating into their deposits.
U.S. bitcoin, ether ETFs end record multibillion outflow streak
U.S. spot bitcoin ETFs pulled in a net $3.05 million on Thursday, capping 13 straight sessions of outflows totaling roughly $4.4 billion. Ether ETFs ended a 17-day outflow streak.
Here’s what could happen if bitcoin breaks below $60,000
A confluence of factors makes $60,000 as key level to watch for in the near term, according to Deribit.
Crypto billionaires bankroll Nigel Farage’s pro-crypto party
Tether-linked billionaire Christopher Harborne and BitMEX co-founder Ben Delo donated $9.4 million to Nigel Farage’s Reform UK in the first quarter.
Strategy’s leveraged Bitcoin model has faced its first stress test: Grayscale
“Less Bitcoin on levered DAT balance sheets and more on diversified corporate balance sheets will be a positive,” said Grayscale’s head of research, Zach Pandl.
Bitcoin in danger of dropping to $60,000, with Zcash bulls turning their backs on ZEC
AI bets are recording rapid profit-taking as Broadcom as outlook for AI-chip sales fell short of high expectations, driving down crypto markets.
Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%
Broadcom’s disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride.
Anthropic’s warning: AI is on the cusp of getting smarter on its own
Companies have been developing AI very quickly to stay ahead of the market, but Favaro and Clark argue that a slowdown would allow more time to deal with the technology’s implications.
Zcash plummets 30% as Shielded Labs reveals a major bug that went undetected for four years
Shielded Labs revealed that the bug could have helped an attacker print unlimited counterfeit tokens. That could have damaged trust in the token’s supply and its value.
ZEC drops 30% after Anthropic AI finds Zcash counterfeit vulnerability
ZEC market capitalization fell by almost $3 billion over the past 24 hours following the disclosure of a critical vulnerability, despite it being patched already.
Senate Republicans push finance watchdogs to clarify crypto capital rules
Senator Cynthia Lummis has led a group of lawmakers urging financial regulators for “fair capital treatment for on-balance sheet treatment of digital assets.”
Comptroller says only Democrats pressuring over crypto trust charter
US Comptroller of the Currency Jonathan Gould and New York Representative Gregory Meeks sparred over Donald Trump’s influence on regulators he has nominated as president at a Thursday oversight hearing.
AI Is Already Developing AI, Says Anthropic—And Humans May Be Slowing Things Down
Anthropic says AI now writes most of its code and runs increasingly complex research tasks, leaving people to decide which problems are worth solving.
Republican Lawmaker Plans to Add Prediction Markets to Congressional Stock Ban Bill
Rep. Bryan Steil said he’ll add language to the House congressional stock ban bill to cover prediction markets like Polymarket and Kalshi.
Bitcoin fell 21% after Strategy’s debt buyback news— Is a Terra Luna-style doom loop next?
Bitcoin price collapsed as Strategy faced tighter liquidity conditions and paused its BTC buying. Is it time to jump ship, or buy the dip?
Russia targets British 17-year-old for alleging digital assets were skirting sanctions
Political activist Bill Browder, the teenager’s father, said his son was “the first high school student in the world to be sanctioned by an authoritarian regime” over a report on the ruble-pegged stablecoin A7A5.
‘Looksmaxxing’ Trend Spawns $100M Gray Market Fueled By Bitcoin, Stablecoins: Chainalysis
Demand for peptides fueled by the “looksmaxxing” trend has spawned a $100 million gray market paid for primarily with crypto.
Professional investors dumped 52K BTC worth of ETFs in Q1, filings show
US spot Bitcoin ETF ownership shifted during the market downturn as hedge funds exited positions, while banks and long-term allocators continued building exposure.
Crypto Clarity Act in spotlight for bad-actor provisions as Senate process grinds forward
The industry has been trying to make a case this week the Clarity Act provides law enforcement strong tools to combat illicit finance involving cryptocurrency.
Google DeepMind CEO Says AGI Is Coming Fast: ‘We Don’t Have Long to Prepare’
The Nobel Prize-winning AI researcher says humanity is standing in the “foothills of the singularity.”
Coinbase to launch token-backed mortgage down payments this summer
A Coinbase-Better Home & Finance initiative will allow qualified borrowers to use Bitcoin and USDC as collateral for home loan down payments.
OCC chief says Democrats applying sole political pressure in World Liberty charter choice
The regulator rejected claims he’s doing President Trump’s bidding during a congressional hearing that also addressed the GENIUS Act stablecoin push.
‘Dr. Doom’-backed Atlas Capital CEO says bitcoin could crash 70% before reaching $500,000
Backed by economist Nouriel Roubini, a long-time anti-bitcoin advocate, and known as ‘Dr. Doom,’ the Atlas CEO, Reza Bundy, shot a short-term warning for bitcoin but stayed bullish in the long-term.
Strategy’s Michael Saylor Blames ‘Capital Rotation’ Into AI as Bitcoin Dives 13%
With Bitcoin falling hard this week and down nearly 50% from peak. Strategy’s Michael Saylor is pointing the finger at the AI boom.
Bitcoin bulls’ fate rests on $60K support as crypto erases $2T in market cap
Bitcoin continued “incredible” 2022 bear market repeat behavior as sellers kept control over BTC price rebound attempts.
Bybit joins Western Union’s new USDPT network as stablecoin expands distribution
The exchange integration gives Western Union’s dollar-pegged token access to crypto market liquidity as payment providers accelerate their adoption of stablecoins.
Crypto Billionaires Donate $9.4M to Farage’s Reform UK in Q1
Tether investor Christopher Harborne and BitMEX co-founder Ben Delo’s outspent Britain’s traditional political donors.
Bitcoin Miners Emerge as ‘Power Landlords’ of AI Boom—And Revenue Will Surge: Bernstein
Bernstein is bullish on Bitcoin miners as they increasingly power the AI boom, assigning “Outperform” ratings to TeraWulf and Cipher Digital.