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

Bitcoin (BTC) has surged past the $96,000 mark this week, driven by significant inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) and a favorable U.S. Consumer Price Index (CPI) report, which alleviated inflation concerns. This price movement marks the end of a prolonged consolidation phase, leading to a wave of bearish liquidations as short sellers exited their positions.

The Zcash Foundation announced the conclusion of an investigation by the U.S. Securities and Exchange Commission (SEC), which began with a subpoena regarding certain crypto asset offerings. This decision has led to a 12% increase in the price of Zcash's native token, ZEC, and a 39% surge in trading volume over the past 24 hours.

Ether's price has been lagging despite strengthening fundamentals, as noted by Etherealize CEO Vivek Raman, who suggests that this gap may present a significant opportunity for investors by 2026.

Monero (XMR) has surged past $700, reaching new record highs amid increasing demand for privacy-focused cryptocurrencies, despite tightening regulatory measures from governments worldwide. This price increase reflects a significant shift in market dynamics, with XMR now positioned among the top 15 cryptocurrencies by market capitalization.

Vitalik Buterin has raised concerns about the design flaws in decentralized stablecoins, highlighting issues such as benchmark risk and flaws in oracle design. This critique comes at a time when the cryptocurrency market is experiencing significant volatility, particularly affecting privacy coins like Zcash.

Dash's price surged by 125% as traders shifted their focus to privacy coins, particularly following governance issues faced by Zcash. This shift indicates a growing interest in privacy-focused cryptocurrencies amid a volatile market.

Grayscale has expanded its watchlist to include 36 tokens beyond Bitcoin, reflecting its ongoing strategy to diversify its cryptocurrency offerings. This move comes as the cryptocurrency market experiences fluctuations, with Bitcoin recently surging to $89,000, indicating a renewed interest in digital assets.

A prominent Bitcoin trader, often referred to as a whale, has reported a remarkable $50 million gain from long positions in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), underscoring the potential for significant profits in the volatile cryptocurrency market.