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Arthur Hayes says Maelstrom has sold its entire Zcash position after new disclosures around the Orchard Pool vulnerability sharpened the perceived risk around ZEC’s monetary integrity. The move effectively ends his recent “Holy Trinity” trade across ZEC, NEAR and HYPE, while leaving Worldcoin as the AI-linked bet he says the fund still holds. “The Holy Trinity is dead,” Hayes wrote on X. “Sadly due to the Orchard Pool exploit, I had to dump our entire ZEC bag.” Why Is Hayes Dumping Zcash Now? The post followed a detailed statement from Zooko Wilcox, Jason McGee and Taylor Hornby, who described the issue as “The Orchard Counterfeiting Vulnerability.” According to their summary, Hornby discovered a critical vulnerability in Zcash’s Orchard pool on May 29 and disclosed it to Zcash Open Development Lab, which then coordinated an emergency response completed on June 2. The key line was stark: the vulnerability “could have been exploited to undetectably create an unlimited amount of counterf
Read full articleCardano founder Charles Hoskinson rejected speculation that he is leaving the ecosystem, saying in a June 4 livestream that he is stepping back from public-facing communication but not resigning from Cardano. The comments came after his brief “taking a break” post on X triggered concern across the community and inquiries from journalists Hoskinson opened the […]
When Quilty hit the industry trades earlier this year, the AI startup promised that its tool could accurately predict a film's success just by reading the script. When people actually got a chance to experiment with Quilty's product, though, they were left skeptical. Even with all the available data in the world, it predicted the script for Christy, which would go on to be a box office flop, would outperform the script for Sinners, which became an Oscar-winning blockbuster. As many AI execs have pitched before, Quilty's founders believe that can help "democratize" their industry by giving up-and-coming creatives access to assistive tools - … Read the full story at The Verge.
Nvidia's AI-driven growth reshapes tech industry dynamics, challenging competitors and solidifying its influence over the AI ecosystem. The post Nvidia leads net income growth among major tech firms at 2,900% appeared first on Crypto Briefing.
AI-driven accessibility to blockchain data enhances transparency and compliance, crucial for stablecoin regulation and market participant engagement. The post TRON enables natural language queries for stablecoin data via Dune MCP appeared first on Crypto Briefing.
Hayes exited ZEC after an Orchard privacy bug raised supply doubts. He also liquidated HYPE and NEAR while rotating his portfolio. The Zcash flaw was patched, but future exploitation cannot be ruled out. Arthur Hayes, co-founder of BitMEX, has fully exited his positions in Zcash (ZEC), Hyperliquid (HYPE), and NEAR Protocol (NEAR). The decision comes […] The post BitMEX co-founder, Arthur Hayes, liquidates all his ZEC, HYPE, and NEAR tokens appeared first on CoinJournal.
The brokerage, investing and financial advisory arm of Wells Fargo is highlighting one market sector that could benefit immensely from growing investments in artificial intelligence (AI) and data centers. Wells Fargo Advisors says that the current stock market performance is being driven by investments in artificial intelligence (AI) and data centers. According to Wells Fargo […] The post Wells Fargo Says AI and Data Centers ‘Increasingly Driving Stock Market Performance,’ Predicts This Sector Will See the Greatest Benefit appeared first on The Daily Hodl.
AI could soon lead to systems capable of improving their own performance faster than humans can effectively supervise them, reviving concerns about the industry’s longstanding “alignment problem,” ensuring AI systems reliably pursue human goals, senior Anthropic researchers have warned in a new blog post titled “When AI builds itself.” Anthropic Institute lead Marina Favaro and Anthropic co-founder Jack Clark outlined three possible futures: growth in AI capabilities may flatten out; AI efficiency gains may continue to grow, but expose bottlenecks elsewhere in software development; or AI systems may become capable of full recursive self-improvement, and build their successors by themselves. It’s that third scenario that’s prompting them to suggest society be ready to hit the brakes on AI development. “How the alignment problem gets solved — or not — in this future is something we are least certain about,” they wrote. Advanced, self-improving models could follow our needs and wants — or
Anthropic's potential IPO highlights the escalating financial demands of AI development, signaling a shift towards public funding for tech innovation. The post Anthropic co-founder says soaring AI costs are pushing the company toward an IPO appeared first on Crypto Briefing.
