Key Takeaways.
Ahead Industries despatched 455,784 SOL to Coinbase Prime, signaling doable promote stress forward. Zcash patched Orchard’s June 1 bug as Hayes bought ZEC, leaving merchants watching exploit fallout. JPMorgan, Citi and Binance framed 2027 deposits and $5T equities as TradFi’s subsequent crypto push.
WEEK IN REVIEW
Largest Solana Treasury Strikes $32M in SOL to Coinbase Prime Whereas Sitting $1.13B Underwater
Ahead Industries, the most important company holder of SOL, has moved 455,784 SOL value about $31.87 million to Coinbase Prime… learn extra
Editor’s remark:
One of many bullish points of the rise of DATs was that they have been imagined to be diamond-handed entities with ultra-long-term time horizons. Evidently, that isn’t at all times the case. SOL is at the moment down 77% from its all-time highs, so that you’d assume this could be a greater time to build up, somewhat than to capitulate.
Arthur Hayes Dumps His Complete ZEC Bag After Orchard Exploit, Costs Down Almost 50%
Arthur Hayes has bought his total ZEC place following the Zcash Orchard pool exploit, declaring that “the Holy Trinity is lifeless.”… learn extra
Editor’s remark:
Hayes was one of many early ZEC bulls, so that is an abrupt reversal, albeit probably justified. As Mert Mumtaz put it in a latest interview: “You might be as indignant as you’re, however like essentially, that simply means he has edge over you.”
Zcash Patches Important Bug Enabling Limitless Counterfeit ZEC Minting as Worth Crashes 41%
Zcash builders have patched a important flaw within the Orchard shielded pool {that a} safety researcher confirmed may forge a vast provide… learn extra
Editor’s remark:
Researcher Taylor Hornby basically discovered a bug that might let him create limitless counterfeit ZEC inside a shielded pool, and whereas it has been mounted as of June 1, it’s unclear as as to if or not any dangerous actors have been really capable of reap the benefits of it. Additional analysis might be wanted, however all issues thought-about, ZEC remains to be up 500% within the final yr.
JPMorgan, Citi and America’s Largest Banks Plan Tokenized Deposit Community: Report
The most important U.S. banks are reportedly planning a joint tokenized deposit community set to launch in 2027, positioning regulated financial institution cash instantly in opposition to stablecoins… learn extra
Editor’s remark:
At first look, this seems to be like a means for banks to probably neutralize a number of the aggressive results of stablecoins. A tokenized deposit community would, in idea, enable the banks to carry their very own tokenized {dollars} somewhat than stablecoins instantly, holding stables largely at bay from tradfi rails.
Binance Analysis: Crypto Exchanges May Funnel $5 Trillion of New Fairness Capital Into Markets
Crypto exchanges may channel as a lot as $5 trillion in contemporary fairness capital into international markets over the subsequent 5 years, in response to Binance Analysis… learn extra
Editor’s remark:
Simply as stablecoins are bullish the greenback and US Treasuries, tokenized equities could also be bullish the US inventory market and a type of “Wall Road Imperialism.” Crypto exchanges providing tokenized shares can sidestep a lot of the principles, paperwork, and geographical friction that current platforms take care of. Relying on the way it’s designed, it may open a floodgate of latest capital to the US.
