Zcash (ZEC) surged as much as 48% to trade above $800 for the first time since January 2018, hitting a high of $851.
Grayscale filed its fourth amendment on Aug. 18 to convert its Zcash Trust into a spot ETF on NYSE Arca under ticker ZCSH.
A DCG subsidiary is in non-binding talks to contribute approximately 200,000 ZEC, valued at around $163 million.
Futures volume hit roughly $4.55 billion on Friday, with open interest near $1.35 billion....
Grayscale Advances Zcash Trust Conversion Toward ETF with Amendment Filing
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Grayscale Investments has submitted amendment #5 for its Grayscale Zcash Trust, edging the digital asset vehicle closer to a potential spot ETF conversion under ticker $ZCSH.
The filing follows a broader industry push by asset managers seeking to transition single-asset cryptocurrency trusts into exchange-traded funds.
Privacy-focused assets like Zcash ($ZEC) face unique regulatory scrutiny, making structural developments closely watched by...
Crypto Markets Brace for #FOMCWatch as Traders Weigh Rate Cut Probabilities
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Global crypto markets are closely monitoring the upcoming Federal Reserve announcements under the #FOMCWatch banner, with liquidity conditions hanging in the balance.
Traders are aggressively pricing in potential macroeconomic shifts, directly impacting Bitcoin and major altcoin price volatility.
Market analysts emphasize that interest rate trajectories will dictate the strength of risk-on assets heading into the final quarters.
Digital...
MANTRA Chain Halts Network Activity Following Unspecified Security Incident
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MANTRA Chain has temporarily paused all network activity following an unspecified security incident impacting the protocol.
According to an official announcement on X, core developers and validators are actively investigating the issue.
Further updates regarding network restoration and validator coordination will be shared through official channels as the situation unfolds.
MANTRA Chain, a Layer-1 blockchain specifically built for real-world...
Bitcoin Climbs Above $77,000 as Treasury Buybacks Fuel Rally and ETF Inflows
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Bitcoin climbed above $77,000, marking its largest weekly gain since March 2023.
U.S. spot bitcoin ETFs recorded $606 million in net inflows on Aug. 20, the biggest single-day total since May 1.
Ether ETFs added $221 million as short liquidations topped $3 billion over two days.
The move followed the U.S. Treasury’s decision to at least double long-duration bond buybacks starting Sept. 9.
Bitcoin extended its sharp rebound on Friday, pushing...

