Total Bitcoin open interest across derivatives exchanges has slumped to a two-month low, reflecting a broader cooling in speculative leverage. The decline in open interest indicates that market participants are unwinding futures positions amid recent price consolidation and heightened volatility. Traders and analysts are monitoring funding rates and liquidation volumes to gauge whether the market is finding a durable bottom after the recent...

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...