Zcash Bug Discovered, Binance Predictions Trillions in Tokenized Equity Inflows, and More – Week In Review

Key Takeaways.

• Forward Industries sent 455,784 SOL to Coinbase Prime, signaling imaginable merchantability unit ahead.
• Zcash patched Orchard’s June 1 bug arsenic Hayes sold ZEC, leaving traders watching exploit fallout.
• JPMorgan, Citi and Binance framed 2027 deposits and $5T equities arsenic TradFi’s adjacent crypto push.
  

WEEK IN REVIEW

Largest Solana Treasury Moves $32M successful SOL to Coinbase Prime While Sitting $1.13B Underwater

Forward Industries, the largest firm holder of SOL, has moved 455,784 SOL worthy astir $31.87 cardinal to Coinbase Prime… read more

Editor’s comment:

One of the bullish aspects of the emergence of DATs was that they were expected to beryllium diamond-handed entities with ultra-long-term clip horizons. Evidently, that is not ever the case. SOL is presently down 77% from its all-time highs, truthful you’d deliberation this would beryllium a amended clip to accumulate, alternatively than to capitulate.

Arthur Hayes Dumps His Entire ZEC Bag After Orchard Exploit, Prices Down Nearly 50%

Arthur Hayes has sold his full ZEC presumption pursuing the Zcash Orchard excavation exploit, declaring that “the Holy Trinity is dead.”… read more

Editor’s comment:

Hayes was 1 of the aboriginal ZEC bulls, truthful this is an abrupt reversal, albeit perchance justified. As Mert Mumtaz enactment it successful a caller interview: “You tin beryllium arsenic aggravated arsenic you are, but similar fundamentally, that conscionable means helium has borderline implicit you.”

Zcash Patches Critical Bug Enabling Unlimited Counterfeit ZEC Minting arsenic Price Crashes 41%

Zcash developers person patched a captious flaw successful the Orchard shielded excavation that a information researcher showed could forge an unlimited supply… read more

Editor’s comment:

Researcher Taylor Hornby fundamentally recovered a bug that would fto him make unlimited counterfeit ZEC wrong a shielded pool, and portion it has been fixed arsenic of June 1, it’s unclear arsenic to whether oregon not immoderate atrocious actors were really capable to instrumentality vantage of it. Further probe volition beryllium needed, but each things considered, ZEC is inactive up 500% successful the past year.

JPMorgan, Citi and America’s Biggest Banks Plan Tokenized Deposit Network: Report

The largest U.S. banks are reportedly readying a associated tokenized deposit web acceptable to motorboat successful 2027, positioning regulated slope wealth straight against stablecoins… read more

Editor’s comment:

At archetypal glance, this looks similar a mode for banks to perchance neutralize immoderate of the competitory effects of stablecoins. A tokenized deposit web would, successful theory, let the banks to clasp their ain tokenized dollars alternatively than stablecoins directly, keeping stables mostly astatine bay from tradfi rails.

Binance Research: Crypto Exchanges Could Funnel $5 Trillion of New Equity Capital Into Markets

Crypto exchanges could transmission arsenic overmuch arsenic $5 trillion successful caller equity superior into planetary markets implicit the adjacent 5 years, according to Binance Research… read more

Editor’s comment:

Just arsenic stablecoins are bullish the dollar and US Treasuries, tokenized equities whitethorn beryllium bullish the US banal marketplace and a signifier of “Wall Street Imperialism.” Crypto exchanges offering tokenized stocks tin sidestep overmuch of the rules, paperwork, and geographical friction that existing platforms woody with. Depending connected however it’s designed, it could unfastened a floodgate of caller superior to the US.