EPISODE · Jun 5, 2026 · 55 MIN
Massive ZCash Exploit Found by Claude, Extent Unknown, Markets Did NOT Like It, BTC Steady at $62.5K
from FOMO HOUR: A Daily Crypto & Web3 News Show · host Decrypt Media
Crypto majors are mixed; BTC +0.2% at $62.3k; ETH -4% at $1,670; SOL -2% at $66; HYPE -5% at $61.65. WLD (+9%), JST (+9%), and DEXE (+8%) led top movers. ZEC fell 40% to $324 after the exploit was published, wicking as low as $250. Oil -1% at $93; Gold -0.2% at $4,490. Stock futures are mixed with the DOW green but Nasdaq down 1%. Crypto longs saw $830M in liquidations over the past day, includng $336M in BTC longs, $277M in ETH and $117M in ZEC longs. Coinbase and Better Home & Finance funded the first Fannie Mae-backed Bitcoin mortgage in US history, completed by a married couple in Ann Arbor who used their Bitcoin as collateral to purchase their first home without triggering a taxable sale. Rep. Bryan Steil (R-WI) announced plans to add prediction market restrictions to the House’s stock ban bill, barring members of Congress from betting on elections and public policy on Kalshi and Polymarket. Google DeepMind CEO Demis Hassabis said humanity is standing in the “foothills of the singularity” and predicted AGI will arrive around 2030, possibly as early as 2029. The DOJ’s “Disruption Week” operation froze more than $3.8 million in stolen crypto with help from Coinbase, SpaceX, Meta, Apple, Google, and Microsoft. A fast-growing gray market for peptides has become one of cryptocurrency’s newest high-volume markets, processing more than $100 million annually primarily through Bitcoin and stablecoin payments. Powered by https://myriad.markets/markets
What this episode covers
Crypto majors are mixed; BTC +0.2% at $62.3k; ETH -4% at $1,670; SOL -2% at $66; HYPE -5% at $61.65. WLD (+9%), JST (+9%), and DEXE (+8%) led top movers. ZEC fell 40% to $324 after the exploit was published, wicking as low as $250. Oil -1% at $93; Gold -0.2% at $4,490. Stock futures are mixed with the DOW green but Nasdaq down 1%. Crypto longs saw $830M in liquidations over the past day, includng $336M in BTC longs, $277M in ETH and $117M in ZEC longs. Coinbase and Better Home & Finance funded the first Fannie Mae-backed Bitcoin mortgage in US history, completed by a married couple in Ann Arbor who used their Bitcoin as collateral to purchase their first home without triggering a taxable sale. Rep. Bryan Steil (R-WI) announced plans to add prediction market restrictions to the House’s stock ban bill, barring members of Congress from betting on elections and public policy on Kalshi and Polymarket. Google DeepMind CEO Demis Hassabis said humanity is standing in the “foothills of the singularity” and predicted AGI will arrive around 2030, possibly as early as 2029. The DOJ’s “Disruption Week” operation froze more than $3.8 million in stolen crypto with help from Coinbase, SpaceX, Meta, Apple, Google, and Microsoft. A fast-growing gray market for peptides has become one of cryptocurrency’s newest high-volume markets, processing more than $100 million annually primarily through Bitcoin and stablecoin payments. Powered by https://myriad.markets/markets
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Massive ZCash Exploit Found by Claude, Extent Unknown, Markets Did NOT Like It, BTC Steady at $62.5K
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