Grayscale Files to List First Zcash ETF in the U.S. Amid 1,000% Rally

Monad has officially launched its blockchain, coinciding with an airdrop of its MON tokens and a total supply of 100 billion tokens, of which 10.8% are currently circulating in the market. This launch follows a successful $269 million Initial Coin Offering (ICO) led by Coinbase, marking a significant milestone for the company.

Robinhood has made a strategic move in the cryptocurrency sector by acquiring LedgerX, a former platform of FTX, which positions the company to expand its offerings in prediction markets. This acquisition aligns with Robinhood's ongoing efforts to diversify its services and capitalize on the growing interest in cryptocurrency trading and investment.

The CoinDesk 20 index has reported a notable performance update, with Bitcoin Cash (BCH) being the only cryptocurrency to gain, increasing by 2.8%. This comes amidst a broader trend of declines in the cryptocurrency market, where many assets have faced significant downturns recently.

A new cryptocurrency project aimed at transforming stablecoins has seen its token crash by 90%, raising concerns about its viability and the overall stability of the stablecoin market. This dramatic decline follows a period of heightened volatility in the cryptocurrency sector, where many tokens are struggling to maintain value amidst market fluctuations.

Grayscale has filed for the first Zcash ETF in the U.S., a move aimed at broadening access to privacy-focused cryptocurrencies and potentially enhancing institutional adoption of digital assets. This filing comes amid a significant rally in Zcash's price, which has surged over 1,500% this year.

Swiss Bank AMINA is currently testing Google Cloud's Ledger technology to facilitate instant payments, marking a significant step in the integration of cloud solutions within the banking sector. This trial aims to enhance transaction efficiency and speed for the bank's operations.

Binance has launched a bespoke service tailored for ultra high-net-worth crypto investors, aiming to cater to the unique needs of this affluent demographic in the cryptocurrency market. This initiative reflects Binance's commitment to expanding its offerings and enhancing customer experience for high-value clients.

Filecoin has experienced a 1.8% rise, defying the general weakness observed in the cryptocurrency market. This increase follows a recent trend where Filecoin has shown resilience, particularly after breaking through key resistance levels, indicating a positive shift in market sentiment.