Crypto
AI Summary
- Zcash experienced a significant price crash, losing nearly 40% of its market cap after disclosing a critical counterfeiting vulnerability in its Orchard shielded pool, raising concerns about the security of privacy-focused cryptocurrencies.
- Bitcoin's price has been under pressure, testing key support levels around $60,000, influenced by strong U.S. jobs data potentially delaying Federal Reserve interest rate cuts and a general market downturn that has seen significant liquidations.
- Traditional finance giants like Visa and JPMorgan are actively exploring and piloting blockchain technology for stablecoin settlements and tokenized deposit networks, signaling increasing integration between crypto and legacy financial systems.
- The crypto industry is seeing innovation in both traditional and niche areas, from AI agents booking hotels with USDC on the Base network to platforms offering rewards for viral stunts, alongside discussions around crypto tax legislation in the U.S. Congress.
- Political engagement with crypto continues, with reports of crypto billionaires funding political parties and lawmakers proposing restrictions on prediction markets, highlighting the ongoing debate and influence of digital assets in the political landscape.
Sources
Cointelegraph
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Travala lets AI agents book hotels with USDC on Base
2 hours ago
by Cointelegraph by Bryan O'Shea
Latest NewsTravala’s new protocol lets AI agents search and book hotels with USDC on Base, but travelers still approve the final payment.
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Crypto tax proposals weighed ahead of Tuesday House hearing
2 hours ago
by Cointelegraph by Turner Wright
Latest NewsAmong the issues US lawmakers are expected to discuss in a digital asset taxation hearing are “de minimis” reporting exceptions for crypto transactions.
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Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?
3 hours ago
by Cointelegraph by Marcel Pechman
MarketsBitcoin bears piled into short positions as BTC price slid to $60,000. Will the $2.6 billion in short leverage lead to an upside squeeze?
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Kraken offers SpaceX IPO access through xStocks
4 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsEligible users in more than 110 markets can register for tokenized SpaceX equity ahead of the company's highly anticipated public listing.
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Crypto tax in Illinois FY2027 budget is one step away from becoming law
4 hours ago
by Cointelegraph by Turner Wright
Latest NewsThe law, part of a budget plan passed by Illinois lawmakers, would put the burden of collecting a 0.2% tax on crypto transactions on a registered broker.
CoinDesk
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Why diehard bitcoin purists aren’t sweating the massive price crash that wiped out $200 billion
3 hours ago
by Olivier Acuna
Markets, Bitcoin News, Artificial Intelligence, MicroStrategy, NewsMati Greenspan, Michael Saylor and Jameson Lopp blamed the AI boom for draining capital from bitcoin. Meanwhile, Jack Mallers refrained from sharing an outlook but recommended buying the dip.
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AI exposed a massive flaw in top crypto network and experts warn banks could be next
5 hours ago
by Olivier Acuna
Tech, Artificial Intelligence, Hack, NewsAfter an AI model helped uncover a four-year-old flaw in Zcash, security researchers warn that similar bugs may be hiding across crypto and traditional financial systems.
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BlackRock-backed tokenization firm Securitize clears key hurdle to go public on NYSE
6 hours ago
by Krisztian Sandor
Finance, Tokenization, NewsThe tokenization specialist behind BlackRock's BUIDL fund could begin trading on the NYSE as SEC approves merger registration.
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Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000
7 hours ago
by Shaurya Malwa
Markets, NewsDogecoin and Shiba Inu led losses among major tokens as heavy volume and liquidations overwhelmed support levels, extending a broader risk-off move across crypto markets.
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U.S. House tax committee weighs crypto bills, including relief for small transactions
7 hours ago
by Jesse Hamilton
Policy, Tax, Regulation, NewsSeven draft bills are being circulated by the House Ways and Means Committee ahead of a hearing next week, including proposals to ease small-gain, mining and staking burdens.
Decrypt
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Zcash Bug Crisis Shows Privacy Cuts Both Ways, Experts Say
2 hours ago
by André Beganski
zcash, TechnologyFallout from a bug that enabled undetectable Zcash counterfeiting shows that privacy can sometimes present tradeoffs, experts say.
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Strategy Shares Fall to 4-Month Low as STRC Dips and Bitcoin Sinks Under $60K
2 hours ago
by André Beganski
MarketsStrategy shares tumbled alongside Bitcoin on Friday as the firm's flagship preferred stock also came under pressure.
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Anthropic Is Helping the NSA Hack China. It Also Wants Everyone to Pause AI
3 hours ago
by Jose Antonio Lanz
Artificial IntelligenceThe company behind Claude embedded engineers at the NSA for offensive cyber ops, then published a report warning AI could soon build itself without humans in the loop.
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Zcash Crash Just Wiped Billions From the Privacy Coin's Market Cap—Can ZEC Recover?
4 hours ago
by Logan Hitchcock
zcash, MarketsThe price of Zcash cratered following the disclosure of a serious vulnerability for the privacy coin. Can ZEC make a comeback anytime soon?
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Congress Gets 7 New Crypto Tax Bills: Here's What's In Them
4 hours ago
by Sander Lutz
Law and OrderThe crypto tax bills—the first of their kind to be deliberated by congressional leadership—will be discussed at a House hearing on Tuesday.
AMBCrypto
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Injective dips by 19% as sellers tighten their grip: Can INJ recover?
32 minutes ago
by Kelvin Murithi
Altcoin, News, Social, Trading ViewINJ fell by 19% in the last 24 hours as selling pressure continued across the crypto market.
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Multicoin Capital moves 56 mln Ethena: Will ENA recover from this sell-off?
2 hours ago
by Erastus Chami
Altcoin, News, Social, Trading ViewENA holds key support as outflows persist and traders maintain bullish positioning.
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Venice Token tumbles 21% amid liquidation wave: Are VVV buyers giving up?
2 hours ago
by Evans Boto
Altcoin, News, Social, Trading ViewVVV lost key support as falling Open Interest and long liquidations accelerated selling pressure.
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Ethereum dormant whale sells 10K ETH – Shorts lock $5.8 mln profit
3 hours ago
by Ritika Gupta
Ethereum, News, Social, Trading View, ambcryptoWeighing bear Ethereum positioning amid weak technicals and whale distribution.
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Strong U.S. jobs data complicates Fed cut hopes as crypto traders watch rates
3 hours ago
by Adewale Olarinde
News, News 1, Social, Trading View, United StatesThe May jobs report showed resilient hiring and firm wage growth, potentially reducing pressure for aggressive Federal Reserve easing.