🚨 UPDATE: Zcash founder Zooko discloses a critical counterfeiting vulnerability in Zcash's Orchard pool that could have allowed unlimited undetectable $ZEC minting.

Discovered May 29 and patched by June 2.

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🗞 Catch up on the news over the last 24 hours!

🇺🇸 The US House voted 215-208 to strip Trump of the authority to continue military action against Iran without congressional approval, per WSJ.

🔥 Anthropic has tapped Morgan Stanley, Goldman Sachs, and JPMorgan to lead its upcoming IPO, per Bloomberg.

🚨 Over $1.12 billion liquidated in the past 24 hours, with longs taking the majority of the hit at $949M.

🚨 Peter Schiff says, “The market cap of Tether will soon surpass the market cap of Ethereum. It will eventually surpass the market cap of Bitcoin too.”

🔥 Stripe, Visa, Mastercard, and Coinbase are forming a consortium to launch a new stablecoin to rival Circle and Tether, per The Information.

🚨 Elon Musk says, “We are gradually widening the availability of X Money.”

⚡️ Arthur Hayes dumps his entire $HYPE and $NEAR positions, citing rising energy prices, upcoming AI mega IPOs, and expecting market highs to peak before September.

⚡️ Coinbase is launching pre-IPO perpetual futures, starting with SpaceX.

🔥 Apple is preparing to launch a new Siri in September, reportedly with support from Google and Nvidia.

🚨 JPMorgan, Citi, and major US banks plan to launch a tokenized deposit network next year to fend off growing competition from stablecoins and crypto firms.

🚨 Claude maker Anthropic is calling for a global pause in AI development, warning that models are approaching the ability to self-improve without human intervention.

🇺🇸 A key US House committee is preparing to drop crypto tax legislation as early as Friday, Bloomberg reports.

🚨 Zcash founder Zooko discloses a critical counterfeiting vulnerability in Zcash's Orchard pool that could have allowed unlimited undetectable $ZEC minting. Discovered May 29 and patched by June 2.

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🚨 NOW: Over $526M liquidated in the past 60 minutes, with longs taking the majority of the hit at $479.14M.

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🚨 INSIGHT: Crypto spot trading volume has dropped to its lowest level since October 2023, per CryptoQuant.

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🇺🇸 JUST IN: U.S. payrolls rose by 172,000 in May, much more than expected. Unemployment held steady at 4.3%.

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