AI-assisted Zcash flaw exposes the supply integrity gap an emergency fork could not fully close

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 … Read more

A stablecoin tied to Strategy stock depegs putting a new DeFi dollar risk in focus as Bitcoin sells off

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, … Read more

A mystery whale paid $30 million to exit BlackRock Bitcoin ETF before the market fell

Last week, an institutional investor executed the largest single off-exchange trade in the history of US spot Bitcoin exchange-traded funds, offloading a $1.26 billion position in BlackRock’s iShares Bitcoin Trust (IBIT). While the transaction has sparked intense debate on Wall Street, an analysis from NYDIG suggests the sale was a targeted, urgent retreat by a … Read more

Bitcoin flash crash below $68,000 triggers around $400 million in liquidation in under an hour

Today’s sudden Bitcoin slide under $68,000 forced a rapid unwind across crypto derivatives markets, erasing nearly $400 million in leveraged positions in one hour as traders who had bet on further gains were caught by the move. Data from CryptoSlate shows that Bitcoin fell more than 5%, dropping from $71,765 to $67,895, its lowest level since … Read more

Why a $150M Polymarket bet could pay the side that appeared to lose

A nearly $150 million prediction market has devolved into chaos after the platform Polymarket moved to deny payouts to traders who accurately predicted that corporate treasury firm Strategy would sell a portion of its Bitcoin holdings. The dispute centers on a fundamental disconnect between when an event occurs and when it is publicly disclosed, exposing … Read more