Big US Banks Plan a Tokenized Deposit Network to Counter Stablecoins

Big US Banks Plan a Tokenized Deposit Network to Counter Stablecoins

JPMorgan, Bank of America, Citigroup and Wells Fargo are building a joint tokenized deposit network through The Clearing House, targeting a 2027 launch. Read the full article: https://www.spendnode.io/blog/big-banks-tokenized-deposit-network-clearing-house-june-2026/

ZEC Falls 31% on Orchard Exploit Fears as Arthur Hayes Exits

Zcash's ZEC dropped 31.1% on June 5, 2026 amid concerns over a Zcash Orchard pool exploit, with Arthur Hayes saying he sold his entire ZEC position. Read the full article: https://www.spendnode.io/blog/zcash-zec-drops-31-orchard-exploit-hayes-june-2026/

Cash App Launches the Cash App Wand, a Tap-to-Pay NFC Accessory

Jack Dorsey's Cash App unveiled the Cash App Wand, a star-shaped NFC accessory for contactless payments. Here is what it signals for tap-to-pay and crypto cards. Read the full article: https://www.spendnode.io/blog/cash-app-wand-nfc-contactless-payments-june-2026/

AI Found a Zcash Bug That Could Have Printed Counterfeit ZEC

A soundness bug in Zcash's Orchard shielded pool could have minted undetectable counterfeit ZEC. A researcher found it with an AI model, and validators patched it in five days. Read the full article: https://www.spendnode.io/blog/zcash-orchard-counterfeit-bug-ai-found-june-2026/

Visa and Brale Test Private Stablecoin Settlement on Canton

Visa is running a proof-of-concept with Brale to settle institutional payments using the SBC stablecoin on Canton, a network built to hide transaction data. Read the full article: https://www.spendnode.io/blog/visa-brale-canton-private-stablecoin-settlement-june-2026/