787 Bitcoin transferred to Robinhood from unknown wallet in $50.5M move

A large on-chain transfer of 787 BTC, worth about $50.5 million, moved from an unknown wallet into Robinhood on June 12, suggesting a potential exchange deposit that could precede selling, though no immediate market disruption followed and Bitcoin price stayed steady. The article notes that such transfers can also reflect OTC activity, cold-storage repositioning, or custodial movement rather than direct liquidation. In a separate item, Zcash’s ecosystem responded quickly to a critical Orchard shielded-pool bug that could have enabled unlimited fake ZEC creation. The flaw was privately disclosed on May 29, patched via an emergency soft fork on June 1-2 and hard fork NU6.2 on June 3, with no funds lost or privacy compromised. ZEC fell about 50% on the news but rebounded 41.5%-42% after the fix.