Zcash (ZEC) price recovered sharply from a low near $250 on June 5 to $470, driven by renewed spot demand and increased mining hashrate. The rebound follows concerns over a critical bug that could have allowed counterfeit ZEC, which initially caused a price drop. Spot buying surged with net inflows of over $118 million recently, signaling strong retail interest. However, futures traders remain bearish with a negative funding rate, indicating downside risk despite the current price momentum. If buying continues, ZEC could test $500 soon.
Arthur Hayes, co-founder of BitMEX, argues that rapid AI spending has absorbed liquidity that might have otherwise flowed into Bitcoin and other cryptocurrencies. His family office, Maelstrom, recently sold several altcoins including HYPE, NEAR, WLD,...
Zcash (ZEC) surged over 60% from its low, recovering to around $430 after emergency upgrades fixed a critical network vulnerability. The initial sharp drop was due to fears of counterfeit supply, but confidence returned as no exploitation was found. ...
Zcash is introducing Ironwood, a new shielded pool designed to isolate and fix the flaw found in its Orchard pool that raised concerns about the integrity of its private currency supply. Although no fake ZEC creation has been proven, the flaw damaged...
Bitcoin leads major cryptocurrencies with a 2.29% increase, reaching $63,592. Other top coins like Ethereum and Binance Coin also rose by 3.76% and 1.82%, respectively. Some altcoins experienced notable gains, such as HYPE up 9.59% and DEXE up 15.07%...
Zcash's market capitalization surged by $1 billion in less than 24 hours, pushing its price above $600 and placing it among the top 15 cryptocurrencies. This rally was sparked by Multicoin Capital's public disclosure of a significant investment in Zc...
