Grayscale filed an amendment revealing that Digital Currency Group (DCG) is negotiating to contribute about 200,000 Zcash (ZEC) tokens to the Grayscale Zcash Trust. This contribution, valued around $96-$111 million, would be exchanged for shares as part of Grayscale's effort to convert the trust into a spot ETF listed on NYSE Arca. The move could reduce ZEC's circulating supply by over 1%, impacting market liquidity. However, regulatory challenges remain due to Zcash's optional privacy features, and the deal is non-binding pending SEC and NYSE approvals.
Zcash (ZEC) has unexpectedly broken out of its recent consolidation, driven by a bullish golden EMA crossover around $495 while trading near $509. This technical signal suggests increased intermediate momentum, supported by strong long-term support l...
Bitcoin climbed to around $64,262, up 1.2% in 24 hours, staying within its $60,000-$66,000 range amid mixed market moves. Venice Token led top 100 gainers with a 12.5% rise, while some altcoins like Worldcoin and Filecoin fell sharply. Bitcoin's mome...
Zcash (ZEC) price remains strong above the crucial $490 support level, maintaining its recovery since the March-April low. The cryptocurrency is currently trading around $511, with key resistance between $520 and $530. A breakout above this range cou...
Provenance Blockchain (HASH) surged 13.8% to $0.008427, leading gains in the crypto market due to growing interest in blockchain applications for traditional financial services. Other notable gainers include Venice Token, Morpho, POL, and Zcash, refl...
Bitcoin remains steady around $63,300 after facing resistance near $64,400, showing little reaction to recent CPI data. Meanwhile, altcoins HYPE and ZEC are leading gains, signaling selective strength in the crypto market. However, bearish futures po...
