Arthur Hayes tells Zcash holders to withdraw from CEXs and ‘shield’ assets

Institutions worldwide are increasingly adopting cryptocurrency and investing in blockchain technology, despite the recent decline in Bitcoin prices. This trend indicates a growing confidence in the long-term potential of digital currencies, as organizations seek to diversify their portfolios and enhance their service offerings. The shift reflects a broader acceptance of cryptocurrency as a legitimate asset class, even amid market volatility.

The cryptocurrency market is currently facing a significant downturn, with Bitcoin trading dangerously close to the $90,000 mark, a level not seen since April 2025. Despite this sharp correction, there is a notable increase in buying activity as investors are stepping in, indicating a potential accumulation phase. This surge in buying pressure is unprecedented, suggesting that market participants are seizing the opportunity amidst widespread fear.

Venture capital firm a16z has highlighted the importance of ecosystem-locked tokens, referring to them as 'arcade tokens.' These tokens, similar to airline miles, are seen as essential for developers to establish stable and usable digital economies, free from speculative volatility. a16z's perspective suggests that such tokens could play a pivotal role in the evolution of cryptocurrency, enabling a more structured and reliable economic environment within the digital space.

Bitcoin's recent decline has resulted in the cryptocurrency dropping below its starting price of $93,507 for the year 2025. Despite a year characterized by positive developments in the industry from corporations and governments, this downturn has erased the gains made by Bitcoin in 2025, highlighting the volatility of the cryptocurrency market.

Zcash (ZEC), a privacy-focused cryptocurrency, experienced a significant intraday price spike, reaching $741 on November 16, 2025. This surge represents a remarkable 236% increase, generating considerable interest in the cryptocurrency market. The trading activity primarily occurred on the Bitfinex exchange, highlighting the growing demand for privacy coins amidst market fluctuations.

The debate between Bitcoin and Zcash has intensified as Zcash (ZEC) has reclaimed the $700 price level. Members from both communities have engaged in discussions surrounding issues of privacy, centralization, and market manipulation, with ZEC currently dominating the narrative in the cryptocurrency space.

The ongoing debate between Bitcoin and Zcash has intensified as Zcash (ZEC) has successfully reclaimed the $700 price level. Members from both cryptocurrency communities have engaged in discussions surrounding key issues such as privacy, centralization, and market manipulation. This resurgence of ZEC has led to a renewed focus on its role in the cryptocurrency market.

Arthur Hayes, co-founder of BitMEX, has transferred $2.5 million worth of Ethereum and ecosystem tokens to institutional market makers, including Flowdesk, FalconX, and Wintermute. This transaction was reported by blockchain analyst EmberCN, who raised questions about whether Hayes is liquidating assets to invest in Zcash. The move highlights ongoing activities within the cryptocurrency market and the strategies employed by prominent figures in the space.