Garrett Jin, former BitForex CEO, withdrew 35,001 ETH from Binance in September 2026 to increase his short position on Zcash (ZEC) to about 37,760 ZEC, worth roughly $51 million. Despite currently facing over $25 million in unrealized losses due to ZEC's price rise, Jin maintains a significant buffer before liquidation. His aggressive trading style, including a prior $250 million loss on ETH and earlier profitable Bitcoin shorts, shows his willingness to take large risks. Jin's moves highlight how major traders use centralized exchanges like Binance for liquidity and decentralized platforms like Hyperliquid for active trading, affecting market dynamics and price movements.
As of September 17, 2026, 19:55 WIB, Zcash (ZEC) on Pluang trades at Rp24.176.387, showing a strong 1-day gain of +12.62%, contrasting with Binance Coin (BNB) which is up +2.53% at Rp12.945.278. ZEC's circulating supply is at 78% of its 21 million max, with a market cap of Rp7,04 trillion, while BNB maintains full circulation at 133.2 million tokens and a much larger market cap of Rp1.724,29 trillion. The notable price rise in ZEC aligns with the news of increased short positions, highlighting its volatility compared to BNB as of the latest Pluang data.
The SEC postponed the approval of Teucrium's short XRP ETF for the 19th time, extending the decision to October 11, 2026. Meanwhile, Bitcoin and Ethereum ETFs saw a combined institutional outflow of $1.11 billion over two days, triggered by the Senat...
Cryptocurrency markets display varied price changes, with Bitcoin at $76,848 and Ethereum at $2,454. Notable gainers include NEAR up 16.33% and LIT up 14.40%, signaling strong interest in these tokens. Meanwhile, some cryptocurrencies like BTW and AK...
Zcash (ZEC) surged almost 15% to reach $1,388, boosting its market cap to $23.21 billion and widening its lead over rivals like Monero. This rally in privacy coins contrasts with the broader crypto market's modest 1.3% gain. The surge was driven by a...
Bitcoin briefly dipped toward $75,000 but recovered above $76,000 following the Federal Reserve's 25 basis point rate increase, its first since 2023. The Senate's failure to advance the CLARITY Act added pressure, pushing Bitcoin to a monthly low nea...
Zcash surged over 17% to nearly $1,358 following the Federal Reserve's quarter-point rate hike, outperforming other major cryptocurrencies. The rate increase to 3.75-4.00% triggered a $345 million liquidation wave, mostly impacting short sellers who ...
