About this episode
The episode discusses a critical bug in Zcash that could have minted unlimited counterfeit ZEC and its implications for the market.
A critical bug in Zcash's Orchard shielded pool could have minted unlimited counterfeit ZEC — and it sat there for 4 years. The price has lost ~47% in three days. David walks through what happened, why ZK trust keeps mattering, and what it means for holders. Plus: Polymarket's UMA ruling that Strategy didn't sell Bitcoin (it did), and the end of the Bitcoin ETF outflow streak. TIMESTAMPS: (00:00) Intro (01:11) Zcash Crash (14:53) Polymarket Strategy Drama (23:39) ETF Flows Update FOLLOW THE SHOW › David — https://x.com/dcanellis › The Breakdown — https://x.com/TheBreakdownBW › The Breakdown Newsletter — https://blockworks.com/newsletter/the-breakdown Get top market insights and the latest in crypto news. Subscribe to the Blockworks Daily Newsletter: https://blockworks.co/newsletter/ DISCLAIMER As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.
People in this episode
Host: David
Topics covered
- Zcash
- cryptocurrency
- bug
- market crash
- Polymarket
- Bitcoin ETF
Keywords
- Zcash
- bug
- ZEC
- Polymarket
- Bitcoin ETF
- market crash
- cryptocurrency
Mentioned in this episode
Organizations: Zcash, Polymarket, Bitcoin ETF
Products: ZEC
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