Zcash (ZEC) surged above $1,200, causing a major Hyperliquid trader to face approximately $25.7 million in unrealized losses on a short position of 32,760 ZEC opened at around $444 in July 2026. This sharp price increase, driven by growing institutional interest and the launch of a Zcash ETF by Grayscale, pushed ZEC up about 170% in two months. The trader also holds a Bitcoin long position with some unrealized gains, but these do not offset the ZEC losses. The position remains open, exposing the trader to further losses or potential liquidation if ZEC prices continue to rise. Market watchers will monitor the wallet's activity and ZEC price movements for future developments.
On September 6, 2026, the combined open interest in altcoin perpetual futures exceeded Bitcoin's for the first time since December 2024, driven by increased leveraged trading and a strong rally in Zcash. Zcash futures open interest rose to about $2.4...
Jupiter (JUP) surged 18.86% to $0.2670, leading crypto market gains due to growing interest in its blockchain solutions focused on data privacy and security. Other notable gainers included Zcash, Bittensor, NEAR Protocol, and Polkadot, while Pons and...
Matt Hougan, CIO at Bitwise Asset Management, identifies three key crypto investment themes: Bitcoin as a hedge against currency devaluation, Zcash for privacy features, and a long-term tokenization cycle involving Ethereum, Solana, and Uniswap. Bitc...
Zcash (ZEC) triggered $212 million in crypto liquidations on September 6, with $45.32 million in ZEC liquidations alone as its price jumped 15% to about $1,170. Most losses came from short positions, which accounted for $156 million of the total, ind...
For the first time since December 2024, the total open interest in altcoin perpetual futures has exceeded that of Bitcoin, indicating a shift in trader positioning. This crossover often precedes increased market volatility and liquidation events, as ...
