Zcash dodged a counterfeit-money bullet

Sun, 14 Jun 2026 21:24:00 +0000

It was a brutal week of red across the board, but the stories pulling crypto's wheels right now had nothing to do with the candles. Privacy got tested, lawmakers got serious, and Wall Street kept writing checks the size of small countries. We're tracking three of them this week. Strap in.

- Dan Novaes

₿ Market Recap

Bitcoin (BTC): $61,825.00, 7d -8.28%

Ethereum (ETH): $1,651.32, 7d -14.02%

BNB (BNB): $594.15, 7d -10.73%

XRP (XRP): $1.14, 7d -7.77%

Solana (SOL): $65.31, 7d -14.88%

Dogecoin (DOGE): $0.08, 7d -11.26%

Hyperliquid (HYPE): $58.84, 7d -18.69%

Zcash (ZEC): $444.85, 7d -27.78%

Cardano (ADA): $0.17, 7d -23.48%

Bitcoin Cash (BCH): $204.21, 7d -28.26%

Chainlink (LINK): $7.86, 7d -7.86%

Prices and 7-day changes pulled from CoinGecko USD pages at time of writing.

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Zcash's Ironwood Upgrade

A privacy coin's worst nightmare almost came true. A flaw in Zcash's Orchard shielded pool could have let an attacker mint counterfeit ZEC with zero on-chain trace, and because of how zero-knowledge proofs work, nobody can ever fully prove whether someone already did. ZEC collapsed 57%, Arthur Hayes dumped his entire bag, and the network went quiet. Then five different teams showed up with the same answer: Ironwood, a replacement shielded pool with a turnstile that traps any phantom supply on the old side of the door.

See how the turnstile is supposed to save Zcash.

Seven Bills Hit the House Floor

For the first time in years, the House Ways and Means Committee sat down with crypto tax law and actually paged through the wrinkles. Seven separate discussion drafts cover the stuff holders have been arguing about forever: the double taxation hitting miners and stakers, the absurdity of owing the IRS on a four-dollar coffee paid in Bitcoin, wash-sale rules for digital assets, mark-to-market accounting for active traders. Each bill stands alone, so a vote against one does not have to kill the rest. That is a tactical choice with real consequences for everyone holding a wallet.

Find out which provisions could change your tax bill next year.

a16z and Paradigm Plow $175M into Morpho

The biggest names in crypto venture lined up behind the same protocol this week, and they did not do it for the meme trade. Paradigm and a16z crypto led a $175 million round into Morpho, the blockchain lending network that has quietly grown from $5 billion to $13 billion in deposits over a year. Apollo Funds, Ribbit, VanEck, and Circle Ventures piled in too. Coinbase already routes $1.6 billion in collateral through Morpho. Société Générale is plugged in. This raise is not a bet on the next Aave clone, it is a bet on what comes after credit cards.

Here is why the smart money is calling this the next financial layer.

7 Best Space Stocks to Own in 2026

The space industry is moving rapidly from experimentation to commercialization, and 2026 is shaping up to be a defining year for investors. Record launch activity, falling costs, supportive government policy, and new technologies like satellite constellations and orbital AI are transforming space into a scalable, revenue-generating industry. The 7 Best Space Stocks to Own in 2026 explains why this shift matters now—and how it’s creating a new wave of investable opportunities.

This report profiles seven companies positioned across the core layers of the modern space economy, including launch services, satellite manufacturing, communications, data platforms, defense-backed operators, and in-space infrastructure. Each company breakdown focuses on what the business does, how it makes money, and the key growth catalysts and risks to watch in 2026 and beyond. The analysis is clear, practical, and grounded in real operating performance rather than speculation.

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That's all Folks!

That is the week. The price action was ugly, but there is some silver lining to look forward to. Forward this to a friend who has been quietly tracking the same threads.

News and Publications Referenced

Zcash Ironwood Upgrade Finalizes to Patch Orchard Pool Flaw, Targets July

'Third leg of the stool:' House lawmakers set to debate crypto tax bills as questions still loom

A16z, Paradigm lead $175 million bet to move global credit markets onchain

CoinGecko: Top 25 cryptocurrency price data

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Andris Veliks - Zcash dodged a counterfeit-money bullet

Zcash dodged a counterfeit-money bullet

₿ Market Recap

Why Traders Check This First Thing in the Morning

Zcash's Ironwood Upgrade

Seven Bills Hit the House Floor

a16z and Paradigm Plow $175M into Morpho

7 Best Space Stocks to Own in 2026

That's all Folks!