Category: crypto

Zcash responded to a critical Orchard vulnerability with soft and hard forks, fixing the issue of counterfeit ZEC creation. The token has recovered more than 41% from its post-disclosure low. ViaBTC and Foundry helped coordinate the network response. ZEC rebounded after the vulnerability was patched and Orchard transactions were restored.

HTX delisted USD1, a stablecoin issued by World Liberty Financial linked to Trump, after the platform froze certain on-chain addresses. User USD1 balances will convert to USDT. The move adds to a dispute between Justin Sun and WLFI. HTX aims to protect user assets and reduce trading risk.

Yuga Labs rescued 68 high-value NFTs after an exploit in Flooring Protocol exposed them to theft. The assets, including Bored Apes and CryptoPunks, are now in Yuga Labs’ custody. The exploit allowed attackers to drain pools and redeem NFTs, prompting warnings against new deposits. The issue remains partially unresolved.

Bitcoin traded near $61,739 after a volatile session that saw the price drop to $60,420. Traders are cautious after a recent decline. Michael Saylor’s post about adding more dots sparked speculation about Bitcoin’s future. The market remains uncertain as Bitcoin tries to stabilize after a sharp drop.

Zcash is under pressure due to a critical Orchard pool bug, raising concerns about private balances and user safety. David Schwartz reassures that unmoved coins would remain accessible if no exploit occurs. Shielded Labs plans Ironwood to isolate Orchard and verify funds. ZEC price fell after developers warned of potential counterfeit coins.

The GENIUS Act is in a key rulemaking stage, with a June 9 deadline for comments on FinCEN and OFAC proposals for stablecoin compliance. Banks want the comment periods paused until primary stablecoin rules are clearer. The Act sets deadlines for digital dollar users, with July 18 marking a milestone.

Competition in the tokenized real-world asset market between blockchain networks like XRP Ledger and Ethereum is growing. Analysts suggest capital may be shifting toward XRPL, with $1.5 billion in new inflows compared to Ethereum’s $1.2 billion outflows. Tokenized assets are a fast-growing sector attracting interest from institutions, driving competition.

JuCoin is facing scrutiny over withdrawal delays and reserve claims, with on-chain investigator ZachXBT flagging user complaints. Users reported issues withdrawing funds and questioned JuCoin’s $511 million reserves, tied to USDC and USDT on its own JuChain. Past incidents like JuDAO exploits have added pressure to the situation. Communication and transparency are key during such…

Bybit has introduced IPO Express to offer tokenized equity offerings on blockchain infrastructure, starting with SpaceX shares through xStocks. The product provides regulated exposure to traditional assets without direct ownership. Interest in tokenized equities is growing, with exchanges expanding offerings to attract new users and increase trading activity.

Centralized crypto exchange spot volume dropped to $679 billion in April 2026, the lowest since October 2023. Weak retail demand, lower search interest, and Bitcoin’s pullback contributed to reduced activity. Exchanges are relying more on derivatives and stablecoins as spot trading slows. Traders are using spot markets less amid weaker demand and falling interest.