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In brief Security researcher Taylor Hornby used Claude Opus 4.8 to discover a four-year-old flaw in Zcash’s Orchard privacy pool that could have enabled unlimited counterfeit ZEC creation. Cybersecurity researchers say frontier AI models are increasingly capable of finding cryptographic and logic flaws that previously required deep specialist expertise. Experts warn that capabilities approaching today’s most advanced vulnerability-discovery systems could become widely available within months. A security researcher using Anthropic’s Claude Opus 4.8 uncovered a critical flaw in Zcash’s Orchard privacy pool in a matter of days, exposing a vulnerability that had survived four years of review by leading zero-knowledge…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Justin Sun has reportedly been offered a behind-the-scenes settlement by a World Liberty Financial investor, though no resolution has been announced. That unresolved tension now has a new flashpoint: Sun’s crypto exchange HTX has moved to fully delist USD1, the stablecoin tied to US President Donald Trump’s World Liberty Financial project. A Freeze That Started It All HTX announced on June 6 that USD1 would be removed from its platform on June 7. Users holding USD1 on the exchange will have their balances converted to USDT at a…
In brief Arthur Hayes warned that Hyperliquid’s use of trading fees to burn tokens exposes the protocol to market share losses. Less than two months after predicting HYPE would hit $150, BitMEX co-founder Arthur Hayes liquidated his entire position. Despite Hyperliquid securing $3 billion in real-world asset open interest, Hayes anticipates fierce competition from Wall Street. Hyperliquid has surfaced as crypto’s derivatives darling since it debuted in 2023, but the honeymoon may not last forever, according to BitMEX co-founder Arthur Hayes.Although the decentralized upstart’s surging popularity has helped spur its native token to recent all-time highs, the outspoken Hayes told…
In brief Opus 4.8 posted a clear win in math and produced the cleanest one-prompt game we’ve ever tested. A single coding prompt drained our entire Pro token quota, making the model impractical for large projects without a Max plan or heavy API spend. Creative writing barely moved versus 4.7. Six weeks after Opus 4.7, Anthropic shipped Claude Opus 4.8. The benchmarks are up, the safety scores are up, and the price hasn’t budged from $5 per million input tokens and $25 per million output.So we ran it through the same battery of tests we throw at every frontier model—creative…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The security researcher, who discovered the Orchard Pool vulnerability in Zcash, says he has added other privacy-focused coins, including Monero, to his audit queue. Researcher To Audit Monero After Finding Zcash Flaw Security engineer Taylor Hornby, who used the Claude AI Opus 4.8 model, has revealed that he intends to audit Monero, among other crypto projects, in the near future. “Absolutely! I’ll add Monero to my queue of things to audit,” Hornby responded when asked on X whether he could look for bugs in XMR and other…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Solana price unsurprisingly crumbled under the weight of the bears, as the general cryptocurrency market saw a wave of downward pressure over the past week. The altcoin crashed towards the $60 mark on Friday, June 5th, its lowest price level since late 2023. Given the strength of this recent bearish move, market expectations are tilting towards a continuation of the downturn over the next few weeks. With this in mind, below are some of the critical Solana price levels to watch in the near term. On-Chain…
In brief Coinbase has released a product that allows traders to speculate on the price of companies that are expected to IPO soon. SpaceX is the first company to be made available for trading on the product, with more companies expected to be announced soon. Forbes estimates that the SpaceX IPO could make Elon Musk the world’s first-ever trillionaire. Cryptocurrency exchange Coinbase is rolling out a perpetual futures product for pre-initial public offering (IPO) companies, allowing traders to speculate on a company’s valuation before its debut. The first pre-IPO company to be traded on the platform is Elon Musk’s aerospace…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A drone projectile allegedly carried the name of one of the three men now accused in a federal ISIS support case, a detail that gave investigators a rare look at how the alleged plot was being imagined. Federal authorities say the men also moved more than $2,000 in crypto and cash while discussing attacks on US servicemembers overseas. Messages, Calls, And Money According to the Department of Justice, the arrests came on Friday after FBI teams moved in on suspects in Kansas and California. The men identified…
In brief U.S. Treasury Secretary Scott Bessent testified before the Senate Finance Committee on June 3 about the 2027 budget and crypto policy. Bessent said Treasury is proceeding with “deliberate speed” on establishing a strategic Bitcoin reserve mandated by Trump’s March 2025 executive order. He urged lawmakers to pass the CLARITY Act this summer, calling it “necessary” for U.S. competitiveness in digital assets. U.S. Treasury Secretary Scott Bessent told a Wednesday hearing of the Senate Finance Committee that his department is proceeding with “deliberate speed” on President Donald Trump’s order to establish a strategic Bitcoin reserve.During questioning about implementation challenges,…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify.GM!Today’s top news: Crypto majors crash 7-10%; BTC at $62,600 Arthur Hayes says he sold his entire HYPE & NEAR positions, cites looming market top Recent alt winners HYPE, ZEC, NEAR and VVV all give back 10-20% Tom Lee’s BMNR files for new $300M pref stock raise following Saylor playbook MoonPay launches MoonAgents, connecting crypto…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Seasoned analyst Darkfost reports that altcoins remain in a precarious market position, especially following recent global financial losses. For context, over $1 trillion was wiped out of US financial markets on Friday due to weak sentiment around AI and semiconductor stocks. The widespread decline encompassed losses of 2.6% in the S&P 500, 4.7% in the Nasdaq, and 4% in Bitcoin. Two Years On, Altcoins Continue To Underperform The Market For altcoins, the rust runs deeper, as this set of cryptocurrencies has consistently struggled to appreciate since December…
In brief A 17-year-old British student was sanctioned by Russia’s Foreign Ministry along with four other British nationals. The student is believed to be the youngest person ever sanctioned by Putin’s regime. The sanctions follow the teen’s March publication exposing alleged Moscow-backed cryptocurrency money laundering operations. Russia sanctioned a British teenager Wednesday for exposing alleged cryptocurrency money laundering operations, marking what appears to be the youngest person ever targeted by Moscow’s sanctions regime.Alexander Browder, 17, founder of the Global Cryptocurrency Laundering Database, was named alongside four other British nationals by Russia’s Foreign Ministry. The others sanctioned alongside Browder are Washington…
Hyperliquid’s rapid growth has drawn a warning from Britain’s financial regulator, adding a consumer-protection concern to a platform increasingly watched by Wall Street and traditional market operators.The Financial Conduct Authority (FCA) placed Hyperliquid and the Hyper Foundation on its warning list, saying the firm may be providing or promoting financial services in the UK without authorization.In a May 21 notice, the financial regulator stated: “You should avoid dealing with this firm and beware of scams.”The regulator listed the Hyper Foundation website, the Hyperliquid trading app, and the project’s social media channels under its unauthorized firm details.It also warned that users would…
In brief Zcash dropped double digits overnight after the disclosure of a four-year-old vulnerability in its Orchard shielded pool. The bug, discovered by an AI-assisted audit, could have been exploited to create unlimited counterfeit ZEC with no on-chain trace. Critics argue privacy coins enable a “unique class” of bugs where exploitation would go unnoticed. Zcash plunged double digits overnight after developers disclosed a critical vulnerability in the protocol’s Orchard shielded pool that could have allowed undetectable counterfeiting for over four years.The privacy coin dropped from Wednesday’s local top of $635 to an intraday low of $309 on Thursday, according to…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The cryptocurrency market was shaken by a dramatic collapse in Zcash price, with the privacy-focused digital asset losing more than half of its value in just 24 hours. This sudden decline erased billions of dollars from its market capitalization, making it one of the most significant single-day drawdowns seen in the sector this year. What Triggered Zcash’s Dramatic Market Collapse? The dramatic collapse in Zcash may be tied to fear surrounding a recently disclosed vulnerability affecting the network’s privacy infrastructure. In a recent post on X, an…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Spot Bitcoin ETFs are experiencing a sustained bearish performance, especially as the premier cryptocurrency succumbs to another wave of correction. Recent data suggest that these ETFs recorded 13 consecutive trading days of net outflows between Mid-May and early June, with investors pulling out about $4.33 billion. Nevertheless, these assets still boast of net assets valued at $75.12 billion. In a quicktake post on the CryptoQuant platform, analytics group XWIN Research Japan reported that after years of approving the US Spot Bitcoin ETFs, investors and market…
In brief Microsoft researchers found that Anthropic’s Claude Code GitHub Action could be manipulated through prompt injection attacks. The attack relied on malicious instructions hidden in GitHub issues, pull requests, or comments that the AI agent was asked to review. Anthropic patched the vulnerability in May after Microsoft disclosed the issue through HackerOne. Microsoft researchers disclosed a now-patched vulnerability in Anthropic’s Claude Code GitHub Action that could have allowed attackers to expose credentials stored in software development pipelines by manipulating the AI agent through malicious GitHub content.In a blog post on Friday, Microsoft warned that AI coding agents running inside…