Thailand Want Out of WorldCoin: Is This Start of The End for WLD Crypto?

Grayscale has filed a proposal with the US Securities and Exchange Commission to convert its Zcash Trust into the first Zcash exchange-traded fund (ETF), potentially bringing the privacy-focused cryptocurrency into mainstream financial markets. This filing follows a significant rally in Zcash's price, which has surged over 1,000% recently.

Ethena's total value locked (TVL) has plummeted from $14.8 billion to $7.6 billion, marking a significant decline of over 50%. This drop underscores the volatility associated with yield-bearing stablecoins, as traders rapidly exited their positions on various platforms.

Solana's price surged to approximately $136 as traders identified early signs of a trend reversal, moving closer to a significant resistance level. This increase follows a bounce from a critical support zone, indicating potential short-term bullish momentum in the cryptocurrency market.

Macro uncertainty is resurfacing, impacting the cryptocurrency sector as traders prepare for significant U.S. economic data releases and regulatory signals from the SEC. The crypto market remains under pressure, with Bitcoin's price recently dropping toward critical levels, raising concerns about a potential crash.

Klarna, the Swedish buy-now, pay-later company, has announced the launch of its own stablecoin, KlarnaUSD, marking a significant shift from its traditional lending model into the cryptocurrency payments sector. This new token operates on a blockchain developed by Stripe, aiming to enhance transaction efficiency and reduce costs for users globally.

Hyperliquid's price has entered a downtrend, forming a new low amid a challenging week for the cryptocurrency markets, raising concerns about investor sentiment and liquidity. Technical analysis indicates a potential for further declines, prompting questions about the market's stability.

Ether has shown resilience, trading around $2,920 as the market stabilizes after a tumultuous November characterized by derivatives resets and declining gas fees. This slight recovery indicates a potential shift in sentiment as traders prepare for a new US futures launch next month.

Japan's Financial Services Agency (FSA) has announced a new regulation requiring cryptocurrency exchanges to maintain dedicated liability reserves to protect investors from potential losses due to hacks or operational failures. This decision follows the infamous Mt. Gox incident, highlighting the need for enhanced security measures in the volatile crypto market.