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forklog.media Five Wallets Initiated Major ZEC Shorts Before Vulnerability Discovery

Analysts at Allium identified five significant profitable short positions on ZEC at Hyperliquid totaling over $72 million, opened on May 25-26 — just days before the discovery of a vulnerability in the Orchard pool.  Source: Allium. The critical bug was identified on May 29, but the information was publicly disclosed only on June 5. Amid discussions of the incident, the price of ZEC plummeted from $685 to a local low of around $250. According to Allium, trading volume for the coin on Hyperliquid surged on May 26. On that day, peak hourly turnover reached $283 million — approximately 12-13 times the usual level. Source: Allium. Additional pressure was created by former BitMEX CEO Arthur Hayes, who announced on July 4 that he had sold his entire ZEC position. The most active hour occurred on June 5: during this period, Zcash trading volume on Hyperliquid exceeded $560 million — at that time, the coin's price was near its bottom. The vulnerability in Orchard, present in the contract since its launch in May 2022, allowed for the issuance of unlimited ZEC. Due to the private nature of Zcash transactions, no one, including developers, can prove that the bug was not exploited in practice. The blockchain team addressed the issue through a soft fork and hard fork. Allium emphasized that the timing coincidence does not prove early access to information. Wallet data shows trading behavior but does not explain motives. The report covers only Hyperliquid futures and does not include spot markets on Coinbase, Binance, and other centralized exchanges. As reported, the Zcash team agreed on consensus changes for the Ironwood update. The upgrade is set to launch a new shielded pool and limit the supply of ZEC.

bitcoinmagazine.com Nakamoto Inc. (NAKA) Strengthens Balance With 600 Bitcoin Sale, Refinancing, and Buyback Authorization

Bitcoin Magazine Nakamoto Inc. (NAKA) Strengthens Balance With 600 Bitcoin Sale, Refinancing, and Buyback Authorization Nakamoto (NASDAQ: NAKA) sold roughly 600 Bitcoin and related derivatives for $48 million to retire $45 million of debt, refinanced its remaining Kraken loan at a lower interest rate with extended maturities, authorized a $25 million share buyback program, and retained 4,467 BTC on its balance sheet. This post Nakamoto Inc. (NAKA) Strengthens Balance With 600 Bitcoin Sale, Refinancing, and Buyback Authorization first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

news.bitcoin.com Institutional Giants Back $355M Canton Network Round as DTCC Treasury Deal Nears

Digital Asset, the company behind the Canton Network, raised $355 million in a new equity round led by Andreessen Horowitz’s A16z Crypto fund, which contributed $100 million, bringing together one of the most concentrated groups of institutional capital ever assembled behind a blockchain infrastructure play. Who Wrote the Check The round drew participation from Abu […]

cryptobriefing.com Renaissance Capital’s Matt Kennedy says there’s no IPO mania, just three massive deals hogging all the attention

The concentration of capital in a few mega-IPOs could stifle broader market activity, limiting opportunities for smaller companies to go public. The post Renaissance Capital’s Matt Kennedy says there’s no IPO mania, just three massive deals hogging all the attention appeared first on Crypto Briefing.

blockmanity.com Global Police Operation Shuts AudiA6 Crypto Laundering Site After EUR 336 Million Cleaned for Ransomware Gangs

Global Police Operation Shuts After Cleaned for Ransomware Gangs Criminals who steal money through ransomware now face a big setback. A worldwide team of investigators has closed a secret website called AudiA6. This site helped turn dirty cryptocurrency into clean […] The post Global Police Operation Shuts AudiA6 Crypto Laundering Site After EUR 336 Million Cleaned for Ransomware Gangs appeared first on Blockmanity.

forklog.media Japan’s Lower House Approves Bill Recognizing Crypto Assets as Financial Instruments

Japan's lower house of parliament has approved a bill that shifts the regulation of crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act. The legislation introduces stricter trading rules for the market, including a ban on insider trading. Following approval by the upper house, the law is expected to come into effect in 2027. The changes could also pave the way for reducing the tax on income from crypto asset transactions to 20% and the launch of ETFs.

cryptobriefing.com US government plans to redirect frozen Iranian assets to compensate Gulf allies for war damages

Redirecting frozen Iranian assets to Gulf allies could set a precedent for using economic leverage in geopolitical conflicts, impacting global asset management. The post US government plans to redirect frozen Iranian assets to compensate Gulf allies for war damages appeared first on Crypto Briefing.

cryptobriefing.com Ruud Gullit denies calling for FIFA president Infantino to resign over 2026 World Cup immigration issues

The spread of misinformation highlights the growing credibility gap and challenges FIFA faces in managing World Cup logistics effectively. The post Ruud Gullit denies calling for FIFA president Infantino to resign over 2026 World Cup immigration issues appeared first on Crypto Briefing.

news.bitcoin.com Bitcoin Traders Eye $64K Resistance as RSI Hangs at the Lowest Level Since November 2018

Bitcoin rebounded 2.3% on June 11, 2026, climbing from a session low of $60,914 to a high of $63,200, but technical indicators present a divided picture that traders are watching closely. Intraday Recovery Holds Above $62K The 24-hour gain brought bitcoin’s price to approximately $62,780 at the time of analysis, with a market capitalization near […]

cryptobriefing.com Russia’s FSB shuts down mobile internet for weeks, forcing citizens back to cash and paper maps

The FSB's internet shutdowns highlight the fragility of digital reliance, pushing societies to reconsider the balance between security and connectivity. The post Russia’s FSB shuts down mobile internet for weeks, forcing citizens back to cash and paper maps appeared first on Crypto Briefing.

cryptobriefing.com Oil and gas executives warn White House of potential gas price surge as inventories hit historic lows

Rising gas prices could exacerbate economic challenges, strain political relations, and impact global energy stability amid low inventories. The post Oil and gas executives warn White House of potential gas price surge as inventories hit historic lows appeared first on Crypto Briefing.

cryptobriefing.com Donald Trump threatens to strike Iran’s oil infrastructure tonight, rattling energy and crypto markets

Trump's threat to Iran's oil infrastructure could destabilize global energy markets, impact inflation, and increase crypto market volatility. The post Donald Trump threatens to strike Iran’s oil infrastructure tonight, rattling energy and crypto markets appeared first on Crypto Briefing.

cryptobriefing.com Ez Abde, Nayef Aguerd ruled out of World Cup due to injury, Marwane Saadane and Amine Sbai named replacements

Morocco faces increased challenges in their World Cup campaign, needing swift tactical adjustments with new, less experienced players. The post Ez Abde, Nayef Aguerd ruled out of World Cup due to injury, Marwane Saadane and Amine Sbai named replacements appeared first on Crypto Briefing.

cryptobriefing.com Trump vows to take total control of Iran’s oil and gas markets as crypto assets get caught in the crossfire

Escalating tensions over Iran's oil control could destabilize global markets, impacting energy prices and increasing scrutiny on crypto assets. The post Trump vows to take total control of Iran’s oil and gas markets as crypto assets get caught in the crossfire appeared first on Crypto Briefing.

bitcoinmagazine.com Public Companies Added 43,557 BTC in May as SpaceX Enters Bitcoin Treasury Race

Bitcoin Magazine Public Companies Added 43,557 BTC in May as SpaceX Enters Bitcoin Treasury Race Public companies added a net 43,557 BTC worth $3.2 billion in May, led by Strategy’s continued accumulation. This post Public Companies Added 43,557 BTC in May as SpaceX Enters Bitcoin Treasury Race first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

blockonomi.com Philippines SEC Flags Binance Sandbox Limits and Licensing Gaps Update

TLDR Philippines central bank said Binance and BlockShoals do not hold required VASP licenses. Authorities clarified that BSP licensing is separate from SEC sandbox approval rules. Binance previously faced restrictions in 2023 for operating without proper authorization. SEC allowed BlockShoals entry under the StratBox sandbox for controlled fintech testing. Regulators require integration with a licensed [...] The post Philippines SEC Flags Binance Sandbox Limits and Licensing Gaps Update appeared first on Blockonomi.