Open source AI crypto garbage probably rallies hard here.

Attack on Wemby Across the Knicks-Verse Part 2

Hyperliquid

There's a lot of confusion about the recently patched Zcash bug. Here's how to actually understand it. If the bug had been exploited before the patch (very unlikely it was), it would have looked like the shielded pool getting drained. Whoever minted the counterfeit shielded ZEC would want to sell fast, before anyone else found the same bug. And remember, the market for ZEC is almost entirely transparent ZEC, not shielded. You can't dump freshly minted shielded ZEC on Binance or Coinbase without unshielding it first. The losers in that scenario are shielded holders who sit still. The transparent portion of Zcash is fully visible, so it's trivial to enforce that transparent ZEC never exceeds max supply. If you try to unshield more than the cap, you'll get stopped at the door. So if you hold transparent ZEC (anyone trading, on an exchange, or doing price discovery on ZEC) there's no marginal effect on you. The loss falls entirely on shielded holders. The team's next step is a new turnstile and a fresh shielded pool in the coming upgrade, which will confirm the shielded pool was not inflated. Think of it as taking headcount at the end of the field trip--that will make sure no extra kids snuck onto the bus. But while AI found this bug, AI will also deliver the fix for the whole category: formal verification. I'm very bullish on this as the path to harden all software across the industry. Formally verified cryptography can't have implementation bugs by construction. Right now AI is surfacing vulnerabilities across all our software--browsers, OSes, and blockchains are no exception. We're in the awkward adolescence where every wart is getting magnified and put on full display. But formally verified software is the only path forward for mission-critical software, and Zcash has put it front and center on their roadmap to deliver. Privacy is too important not to. (Dragonfly holds $ZEC and continues to. I'm personally an investor in ZODL.)

🇦🇱🇺🇸 Jared Kushner's $1.6 billion luxury resort plan in Albania is under anti-corruption investigation. The project would turn a protected Adriatic coastal reserve into a 10,000-room tourism destination, and critics say the government quietly changed land protections to make it happen. Protests have erupted across the country, with demonstrators marching under the slogan "Albania is not for sale." Albania's PM isn't budging: "There is no chance that this investment will stop, as long as I am here." x.com/AJEnglish/status/20624…

JUST IN: Over 50% of all Bitcoin $BTC in circulation is now held at an unrealized loss.