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. The rebound was driven mainly by short covering and risk unwinding rather than new buying interest, with open interest stabilizing and funding rates negative, indicating limited momentum for further gains. ZEC’s price recovery now faces a cooling phase unless fresh demand and leverage build up again.
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 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...
Crypto sleuth ZachXBT accused BitMEX co-founder Arthur Hayes of promoting bullish views on four cryptocurrencies—Worldcoin (WLD), Zcash (ZEC), Hyperliquid (HYPE), and NEAR Protocol (NEAR)—before quickly selling his holdings. Hayes dismissed the claim...
