Five wallets opened $72 million in short positions on Zcash (ZEC) futures three days before a critical privacy bug was publicly disclosed, causing a 12-13x spike in trading volume on Hyperliquid. When the vulnerability was revealed on May 29, ZEC's price plunged 38-45% within 24 hours, allowing these wallets to gain about $3.43 million. The bug, present since 2022, affected Zcash's zero-knowledge proof system, undermining its privacy features. An emergency hard fork patched the flaw, but the incident raises concerns about possible insider knowledge or undisclosed private research in decentralized markets.
Zcash (ZEC) stabilized after defending the $359.60 support level, with buyers pushing the price back above $422.50. However, recovery is limited by resistance at $523.63, a key level that must be reclaimed for a stronger rally toward $620. Despite a ...
Crypto markets are under pressure with bitcoin dropping below $61,500 and trading under its 200-week moving average, signaling a potential prolonged bear market. Traders are increasingly shorting major tokens like bitcoin, ether, and XRP, reflecting ...
Arthur Hayes, BitMEX co-founder, argues that oil prices are the main driver of political and economic outcomes, overshadowing AI and cryptocurrency trends. Despite disruptions in the Strait of Hormuz, oil prices haven't risen enough to force compromi...
Bitcoin's price stayed around $62,600 despite Strategy (MSTR) buying 1,550 BTC for $101 million, showing little market reaction. Investors remain cautious ahead of key U.S. inflation data and the Federal Reserve meeting next week, limiting upside mom...
Zcash (ZEC) price recovered sharply from a low near $250 on June 5 to $470, driven by renewed spot demand and increased mining hashrate. The rebound follows concerns over a critical bug that could have allowed counterfeit ZEC, which initially caused ...
