美国将公布5月CPI数据；Arthur Hayes将发文披露清仓原因。

This week, only HOME has unlocked over $10 million in value.

Ethereum’s value is not just about being faster or cheaper, but about providing users with a verifiable, exitable, and self-sovereign technical foundation.

Where should my money go? — Gold is precisely one of the answers that numerous global investors have already expressed through their actions.

High-quality in-depth analysis articles and a one-week hot topic catch-up.

"My basic analogy for Hyperliquid is Tether to Circle. The non-KYC or international market in crypto is very large and can absolutely support a massive network."

The Real Shortage in the Agent Economy Isn't Payments, But Coordination

Every wave of technological revolution ultimately requires the capital markets to complete price discovery. And the entity responsible for this process has always been the mature financial system established by TradFi.

Zcash cannot prove its innocence regarding whether the vulnerability was ever exploited.

The contrarian strength of AAOI on June 4 should not be interpreted as a counterexample to AI valuation concerns, but rather as an early signal that the market has begun to engage in "differentiated pricing" within the AI sector.

Recently, the world's largest Web3 security company, CertiK, released the "Skynet 2026 Stablecoin Threat Report," systematically outlining two core challenges currently facing the stablecoin ecosystem.

From Capital-Driven to Rate-Driven: The Market Logic Is Shifting.

The plunge in AI memory stocks may not be due to weakening demand, but rather a question of who can still capture the profits.

It is currently impossible to directly prove that Orchard has never contained counterfeit assets internally. Core Thesis: A severe vulnerability was discovered in Zcash's privacy pool, Orchard, allowing unlimited and undetectable counterfeiting of ZEC. Although patched, the inability to prove it was never exploited over the past nearly four years has led market participants to doubt the credibility of ZEC's supply, causing the price to crash over 30%.Key Elements:The vulnerability was discovered by security researcher Taylor Hornby on May 29, who successfully wrote an exploit locally capable of generating unlimited counterfeit ZEC, though it was not deployed on the mainnet.The flaw originated from an "incomplete constraint" in an elliptic curve multiplication check within the Orchard circuit, allowing an attacker to bypass the "asset conservation" verification and create assets out of thin air.The Zcash team patched the vulnerability through an emergency soft/hard fork within four days, but market panic stems from the fact the bug had been latent for nearly four years since its introduction in May 2022.Zcash's Turnstile Accounting mechanism can limit the total amount of assets flowing out of Orchard, preventing the total supply cap from being breached, but it cannot directly prove that counterfeit assets have never existed historically within the pool.To rebuild trust, Shielded Labs is planning a network upgrade, deploying a new privacy pool and performing a verifiable migration of assets from the old pool to ultimately prove supply integrity.The discovery process is noteworthy: Taylor utilized the newly released general-purpose AI model Claude Opus 4.8 to assist in reviewing and writing the exploit code, signaling AI's expanding capabilities into the security domain.