News linked to both this project and an event.
Odaily Seer monitoring shows that Polymarket has launched a new prediction event titled "Was Zcash's Orchard privacy pool confirmed to have been exploited?"On June 4, Zcash's core development team revealed that they had deployed an emergency network upgrade to fix a critical cryptographic vulnerability in the Orchard privacy pool. This flaw could have potentially allowed a malicious attacker to arbitrarily forge unlimited amounts of ZEC. Due to the vulnerability's characteristic that "it is impossible to cryptographically prove whether it was exploited in the past," independent support organization Shielded Labs subsequently proposed on June 5 to deploy a new privacy pool during the NU7 upgrade at the end of July. They also suggested implementing strict "Turnstile-accounting" audits for tokens exiting Orchard to investigate whether any forged tokens exist. According to the settlement rules for this prediction event, if before December 31, 2026, official sources or mainstream credible media confirm that the vulnerability was effectively exploited on the mainnet before being patched, the event will settle as YES.Odaily Seer continues to monitor prediction markets, seeing changes before pricing.
Syscoin released a preliminary post-mortem of the cross-chain bridge incident, stating that due to a verification issue in the bridging process, the attacker exploited an abnormal transaction proof validation to generate approximately 5 billion SYS tokens abnormally on the UTXO side via the affected bridging path.
According to the THORChain blog, ZEC is in the queue for launch on THORChain. However, due to a recent vulnerability disclosed in Zcash—whose existing patch impacts integrators’ normal operations—THORChain must first complete a minor code modification to its Bifrost module before proceeding. The development team stated that the change is minimal but must be completed prior to ZEC’s launch. Monero (XMR) is currently expected to launch by the end of this month, with ZEC scheduled to follow.
According to The Block, blockchain analytics firm Chainalysis’ latest report states that as the gray-market peptide industry’s scale exceeds an annualized $100 million, leading suppliers are accelerating adoption of Bitcoin and stablecoins as primary settlement instruments. In Q1 2026, cryptocurrency inflows into this industry reached $32 million—a 159% quarter-on-quarter surge. Due to widespread bans imposed by traditional banks and credit card payment channels on prescription-grade compounds and unregulated substances, numerous Chinese chemical manufacturers have turned to cryptocurrencies for transactions, with high-value orders especially favoring stablecoins to hedge against price volatility risk.
on May 29, 2026, Taylor Hornby discovered a critical counterfeiting vulnerability in Zcash's Orchard pool. Taylor Hornby reported the vulnerability to the Zcash Open Development Lab, and after coordinated efforts, a fix was completed on June 2. The vulnerability could have been exploited to secretly create an unlimited number of counterfeit ZEC within Zcash Orchard. Due to the privacy features of Orchard, it is cryptographically impossible to determine whether the vulnerability was exploited before the fix was deployed.The vulnerability had existed since Orchard's activation in May 2022 until an emergency fix was deployed on June 1, 2026. Taylor Hornby, with the assistance of AI tools, wrote a complete exploit program and generated an infinite, undetectable amount of counterfeit ZEC in a local test environment. Shielded Labs is currently collaborating with other Zcash developers to explore network upgrade proposals that would allow anyone to verify the integrity of Zcash's supply.
on-chain data platform Bubblemaps has released an analysis of the LAB token on-chain data on X platform. Only 313 participants joined the presale on the Legion platform, with a total initial investment of approximately $1.428 million. The current market value of these presale holdings has surged to $977 million, with investors collectively enjoying an unrealized gain approaching $1 billion. Due to unlock restrictions, the full lock-up period for investors' shares extends to 2027, making it difficult to liquidate funds. The first batch of token unlocks will occur on July 14. Bubblemaps warns that the economic model featuring highly concentrated LAB holdings combined with long-term lock-up poses significant liquidity risks. There is widespread market concern that after subsequent rounds of unlocks, large-scale profit-taking by major holders could put downward pressure on the market.
edgeX released the latest statement on the abnormal price volatility of the EDGE token, stating that the protocol has not been attacked in any form, and that this incident was not caused by a hacker attack, exploit, or security vulnerability.edgeX stated that currently available information indicates this abnormal volatility was caused by certain external parties deliberately manipulating the market price of EDGE. This is a matter of market integrity, not a platform security issue.The team stated that it is actively cooperating with relevant exchanges and partner platforms in the investigation. A more comprehensive incident report will be published after the investigation is complete.
The Sui mainnet encountered an issue during the epoch transition and has temporarily halted user transactions. The core team is investigating the root cause.
Block's Cash App is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to sources familiar with the matter, the feature currently covers approximately 25% of users and is expected to reach full 100% availability within this week.The core functionality supports users in depositing and withdrawing via USDC, allowing free transfers of funds between external wallets and Cash App balances, and using stablecoins as a settlement tool for payments rather than as investment products. It currently supports transactions across four blockchain networks, including Solana, Ethereum, Polygon, and Arbitrum. Due to the irreversible nature of on-chain transactions, incorrect addresses or unsupported network transfers may result in permanent loss of funds.Block CEO Jack Dorsey previously stated that despite his longstanding preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)
It is reported that Alibaba Group (NYSE: BABA) saw its stock price drop nearly 5% in a single day following the release of its FY2026 Q4 earnings report on May 15. While revenue showed modest growth, profitability deteriorated sharply: Non-GAAP EPS stood at just $0.09, adjusted EBITDA contracted approximately 84% year-on-year, and quarterly free cash flow turned negative at $2.5 billion. Management attributed the losses to intense capital expenditures during the AI-First strategic transformation—specifically, procurement of AI computing power, expansion of data centers, and subsidies for instant delivery services—all occurring simultaneously and significantly compressing short-term profit margins. Ongoing U.S.-China tech tensions and persistent uncertainty surrounding AI chip export controls have further amplified market pessimism. The stock fell nearly 5% today.
Curvance posted on platform X, stating that at approximately 6:00 PM EST today (Beijing time), it noticed an anomaly in the Echo eBTC market on the Curvance platform. Currently, there are no indications that the Curvance smart contract has been attacked or compromised. Due to its fully isolated market architecture, other markets remain unaffected. As a precautionary measure, the team has suspended the affected market and is investigating the cause of the incident together with ecosystem partners. Further updates will be announced as more information becomes available.
Odaily Odaily, THORChain posted on platform X that its developers have released an incident update on Discord. Current evidence points to a node thor16uc...cn84q, which recently joined the network, as being associated with the attack. This node is operated by a single malicious actor. The primary hypothesis is that the attacker exploited a vulnerability in the GG20 TSS implementation, causing sensitive key material of vault participants to leak over time. This ultimately enabled the reconstruction of the vault's private key and the execution of unauthorized outgoing transactions.Regarding network status, the network has been paused after multiple node operators executed `make pause`. RUNE transfers and on-chain observation may resume within approximately 12 hours, but transactions, LP operations, signing, and other sensitive operations remain paused.Discussed recovery plans include slashing the affected node's bond, covering losses with protocol-owned liquidity (POL), or other community-driven solutions. THORSec and Outrider Analytics are continuing their investigation. The Treasury is gathering forensic data and coordinating with relevant law enforcement agencies. Full functional recovery is expected to take several days or longer.
Ranger Finance co-founder cobra stated that Ranger Finance is winding down operations. Some personnel and vendors who collaborated with, built, and supported the project have not received full payment. He explained that during periods of cash shortage, the founders personally injected funds to keep operations running and advanced fundraising efforts within MetaDAO; however, the delayed fundraising led to an accumulation of unpaid bills. After the fundraising was completed, the project only secured approximately two months of runway before the funds were returned. Ranger Finance noted that treasury liquidation exceeded expectations, negatively impacting employees, vendors, and growth budgets. Subsequently, the Drift vulnerability further hampered project progress. Vault users affected by the Drift vulnerability will receive recovered tokens when distributed by the Drift team.
Metaplanet CEO Simon Gerovich stated that the company has postponed its planned listings of the Mars and Mercury preferred shares due to the immaturity of Japan’s preferred stock market and restrictions imposed by exchange rules. He explained that Japanese exchanges require preferred share dividends to be supported by sustainable, recurring cash flows, while Metaplanet still needs to demonstrate that its Bitcoin revenue business can generate stable returns across varying market conditions. Additionally, the company plans to distribute dividends monthly, whereas the Japanese market typically follows annual or semi-annual dividend schedules, and the related infrastructure remains under development. Metaplanet currently holds 40,177 BTC, and its stock price has declined 25% year-to-date.
According to on-chain analyst PeckShield (@PeckShieldAlert), a user’s Alchemix Yearn yvVault position (token $yvWETH) was attacked, resulting in an estimated loss of approximately $1 million. The root cause of the attack lies in the user’s prior approval grant to an unverified contract (contract address: 0x143a), deployed 10 days ago. Reverse-engineering analysis revealed that this contract contains a vulnerability enabling arbitrary call execution. Exploiting this vulnerability, the attacker successfully transferred the victim’s yvVault position. PeckShield has now publicly disclosed the specific logic of this vulnerability. Users are advised to review and revoke token approvals granted to unknown or unverified contracts to mitigate asset risks.
Monad co-founder Keone Hon posted on platform X, stating that the Monad account was frozen without any warning. He speculated that it was due to a system error. Monad has not engaged in any abnormal operations or violated API usage. They have contacted the X platform support team through multiple channels and expect the account to be restored soon.
Spark announced on X platform that its financial report for the first quarter of 2026 has been released. The report shows total protocol revenue of $31.5 million, net protocol revenue of $6.91 million, and net protocol surplus of $3.46 million. Currently, the Spark Protocol treasury stands at $46.1 million, with $986,000 worth of SPK tokens repurchased. Due to narrowing lending spreads and the expanded scale of savings demand, distribution has surpassed the Spark Liquidity Layer as the primary revenue driver for the first time.
The Odaily Seer Channel has monitored that today DeepSeek officially announced the release of a preview version of DeepSeek-V4. However, on Polymarket, the specific release date of DeepSeek V4 has become the subject of three rounds of UMA dispute arbitration.The reason lies in the settlement rules for this event, which state that only versions representing the core version evolution of the DeepSeek V series, and which are “explicitly positioned as the successor to DeepSeek-V3,” meet the criteria. Other models, such as derivative models (e.g., “V4-Lite”, “V4-Mini”), task-specific models, R-series reasoning models, and experimental or preview versions (e.g., “V4-Exp”, “V4-Preview”), do not qualify if they are not positioned as new flagship V-series models.Therefore, some opponents argue that what DeepSeek officially released today is the V4-Preview version, not the official V4, and that “DeepSeek V4 was released on April 24” should be settled as No, not Yes.The Odaily Seer Channel continues to monitor the prediction market, observing changes before prices are set.
Odaily News X Product Lead Nikita Bier announced in a post, "Today, we are announcing two product changes for Communities on X:1. XChat now supports joinable links for group chats. Create a public link and share it directly to the timeline. Each chat supports 350 members (and growing), and group chat links are the fastest way to bring people together on X.2. Due to declining usage, we will be deprecating X Communities on May 6th. To migrate your community members, pin your group chat link so people can join over the next 2 weeks. This is part of our broader effort to simplify the X experience. Please don't get it wrong: we are heavily investing in niche communities, through the launch of custom timelines—and more features to come."Subsequently, he added that based on user feedback, to give users ample migration time, the transition period will be extended until May 30th. Additionally, the group chat member limit will be increased to 500 tomorrow, with the goal of reaching 1000 members in the coming weeks. This should cover all communities on X except for a very few.
Odaily News: The mother of the creator related to ASTEROID has once again posted, stating that her social media account was compromised, and the related encrypted content and statements circulating recently were not made by her.She claimed that, due to receiving threats, she withdrew and transferred the Bags-related funds on the same day and has not conducted any further operations since. She also emphasized that she has never created any tokens or accounts for profit and stated that the related funds will be used to establish a foundation in her daughter's name. She also apologized to users who may have suffered losses as a result.