News linked to both this project and an event.
DeFi researcher Ignas posted on X stating that during the current market downturn, the "buy the dip" sentiment commonly seen in the past has rarely appeared on social media. Although some market participants believe that Bitcoin holding the $77,000 to $80,000 range is a bullish signal, most crypto traders may already hold substantial token positions, and some investors would rather wait for price confirmation of an uptrend before buying than bottom-fish amid panic. Assets decoupled from Bitcoin's price action such as HYPE, as well as "conviction tokens" like ZEC and revenue-generating assets like HYPE, remain attractive. However, there is currently insufficient potential buying interest—retail investors who previously favored crypto assets are now being buffeted by volatility in assets such as AI stocks, gold, and quantum computing, and crypto ETF fund flows have also turned to net outflows over the past 30 days.
Odaily reports: Bitcoin rose about 0.8% since midnight (UTC) on Monday to $81,400, after briefly falling below $80,000. Ethereum gained 0.9%, Asian chip stocks led a tech rebound, South Korea's KOSPI rose 6.6%, SK Hynix climbed about 11% on roughly 7x year-over-year profit growth, and Nasdaq 100 futures rose 0.5%.The Federal Reserve is about to announce its rate decision, and the CME FedWatch tool shows the market sees about a 92% probability of rates being held steady. Traders will focus on Fed Chair Kevin Warsh's press conference to gauge whether there is any possibility of a rate hike ahead. U.S. spot Bitcoin ETFs saw net inflows of $176 million on Tuesday, marking a second consecutive trading day of inflows.On the derivatives side, crypto futures trading volume rose 7.5% over the past 24 hours to $163.2 billion, open interest increased only 1.3%, and liquidations rose 38% to $183.6 million. Bitcoin rose 2.3% while open interest actually fell 0.1%; Ethereum rose 2.7% with open interest up 1.7%, indicating the price rebound has not yet been accompanied by large-scale new leverage. ZEC open interest grew 14%, higher than its 6.3% price gain over the same period, making it one of the large crypto assets with the most obvious new position building.In the options market, Deribit data shows that Bitcoin's one-week put/call skew has dropped from nearly 10% a week ago to less than 1%, indicating that demand for short-term downside protection has weakened somewhat, though the one-month, three-month and six-month tenors remain clearly skewed toward puts. Meanwhile, gold futures open interest fell 10%, while open interest for Tether's gold token XAUT rose 11.6%, showing divergent capital flows. (CoinDesk)
Odaily Report: Zcash co-founder Sean Bowe has submitted a proposal to stop the automatic allocation of block rewards to the Zcash Community Grants (ZCG) program and redirect the remaining 8% of block rewards originally allocated to the program to the Network Sustainability Mechanism (NSM). He stated that ZCG currently holds over $125 million in funds and will receive several million more before the funding inflow stops, and that the existing grants program was not designed to manage funds of this scale.According to the draft proposal, ZCG holds 91,452.98 ZEC and approximately $8.8 million in USD-denominated assets, with $2.4 million in outstanding grant commitments. Bowe noted that the current 8% allocation mechanism generates over $68 million worth of ZEC per year, while the Financial Privacy Foundation disclosed that ZCG's spending in the first quarter of 2026 was only $1.53 million. If the proposal is approved, the original allocation percentage will be redirected to the NSM, and the total Zcash issuance will not increase. Meanwhile, the separate 12% of block rewards allocated to the Coinholder-Controlled Fund will remain unchanged. ZCG will still be able to retain and manage its existing assets, continue approving grants, and fulfill outstanding commitments.The proposal has not yet specified an activation block height and has not been included in the currently planned NU7 network upgrade; it would require a future network upgrade to take effect. (The Block)
Binance announced that starting November 10, 2026 at 16:00 (UTC+8), it will reduce the maximum leverage multiplier for 23 isolated leverage trading pairs from 10x to 5x, involving assets such as ATOM, AVAX, BCH, DOT, HYPE, LTC, SUI, TRX, and ZEC. Following the adjustment, the margin and liquidation risk parameters for the relevant trading pairs will be updated accordingly. Binance reminds users to monitor their positions, deposit additional assets into their isolated leverage accounts or repay debts in advance to mitigate the risk of forced liquidation.
Zcash co-founder Sean Bowe has released a ZIP draft proposing to halt the automatic allocation of block subsidies to the Zcash Community Grants (ZCG) and redirect the original 8% subsidy portion to the Network Sustainability Mechanism (NSM). The draft notes that ZCG currently holds approximately 91,452.98 ZEC, valued at around $125 million, indicating that existing funds are sufficient to continue supporting related activities without requiring ongoing block subsidies. If the proposal takes effect, starting from a designated activation height, the original 8% allocation will be transferred to the NSM fund until the original funding stream expires; ZCG's existing assets and governance rules will remain unchanged.
Bloomberg ETF analyst Eric Balchunas posted on X platform that Tuttle has filed for a series of niche leveraged ETFs, including a 2x long Asia storage ETF and a 2x long Zcash ETF.
Odaily reports: According to on-chain analyst Aunt Ai's monitoring, the Hyperliquid BTC long-position TOP 4 address added $2.15 million in margin today and, after the price drop, opened another long position of 302.5 BTC. This address opened a 30x leveraged BTC long position on October 23 and currently holds 795.02 BTC, worth $63.65 million, with an entry price of $81,168.6 and an unrealized loss of $878,000. In addition, the address is also long ZEC, currently holding 4,717 ZEC, worth $5.67 million, with an entry price of $1,195.7.
Odaily reports: Bankless founder David Hoffman reposted Lighter's regulatory update on X and wrote: "Lighter season back on btw."During Lighter's Q3 investor call held last night via webcast, David Hoffman, speaking as an investor, asked: "Given that Lighter has already had extensive prior communication with the CFTC (U.S. Commodity Futures Trading Commission), do you expect the approval of the DCM (Designated Contract Market) and DCO (Derivatives Clearing Organization) licenses to come earlier than the CFTC's stipulated 180-day review period?"Lighter founder and CEO Vladimir Novakovski responded: "We believe that the extensive prior communication will make the whole process much smoother... The CFTC currently has a lot on its plate, so we can't give an exact timeline yet... However, the CFTC is a fast-moving team internally, so we expect the overall approval process to go relatively smoothly."Previously, David Hoffman reportedly sold all his ETH and rotated into tokens such as LIT, ZEC, and NEAR, with the rotated tokens subsequently significantly outperforming ETH.
that, according to Onchain Lens monitoring, a Hyperliquid trader closed a $3.4 million ZEC short position after holding it for 6 days, incurring a loss of $187,000. The entry price was $1,179.50 and the exit price was $1,244.50, bringing cumulative losses to $1.82 million.
according to Onchain Lens monitoring, a whale bought and withdrew 814.7 ZEC from Binance, valued at $1.03 million. Twenty-four minutes earlier, the whale first made a test transfer of 0.4995 ZEC, worth $629.
that, according to Lookonchain monitoring, over the past 15 hours, 2 whales opened 10x leveraged long positions on a total of 29,798 ZEC, worth $37.57 million.
According to Lookonchain monitoring, a whale holds assets worth over $15 million, including 10,241 ZEC valued at $11.69 million. Over the past 3 days, this whale accumulated 3.69 million MASK, worth $151,000.
Odaily reports: Crypto trader Ansem shared his recent investment views, stating that the crypto market is gradually shifting toward a phase that places greater emphasis on individual project fundamentals, capital inflows, and actual business performance. As a result, identifying mispriced assets and determining which teams are truly driving project development will become increasingly important, rather than relying entirely on the price action of major assets such as Bitcoin and Ethereum.Ansem believes that the investment approach to altcoins in this cycle differs from the past. Assets such as HYPE and ZEC have, even during periods of overall market weakness, decoupled from Bitcoin and Ethereum and charted independent price movements.
According to Ai Yi's monitoring, ZEC has corrected by over 24% in the past month, but trader solanadoomer (@Boomer) remains long, currently holding the fourth-largest long position in ZEC. They are using 10x leverage to go long on 10,000 ZEC, with a position value of approximately $11.36 million, an average entry price of $1,146.86, and an unrealized loss of around $85,000. Simultaneously, they are going long on 2,000 ETH with 25x leverage, valued at roughly $4.82 million, at an average entry price of $2,376.18, currently showing an unrealized profit of about $68,000.
Odaily reports, according to Onchain Lens monitoring, a Hyperliquid trader had two short positions liquidated, losing $47,900. Among them, the BTC short position was worth $4.29 million, with a loss of $46,070; the ZEC short position was worth $61,880, with a loss of $1,800. Hours earlier, the trader had deposited $200,000 USDC in an attempt to save the positions. Currently, the trader still holds $17.36 million in open short positions, with an unrealized loss of $149,900.
Odaily Report: According to on-chain detective Specter's monitoring, after ZachXBT disclosed that the Bitget attacker used Zcash (ZEC) to obscure stolen funds, other stolen funds have also begun flowing into ZEC, including funds from the Cryptobills Ledger incident and the $12 million Triple-A hack. Threat actors are using ZEC to move stolen funds.
Odaily reports: Bitwise analyst Ishmael Asad posted on X that Bitwise is currently working with over 20 wealth management platforms, which collectively manage approximately $24 trillion in assets. Bitwise is also pushing these platforms to approve crypto asset exchange-traded products (ETPs) so that their investment advisors can offer clients access to crypto asset allocation.Currently, among the institutions Bitwise works with, 17 have approved crypto-related equity ETPs, 11 have approved Bitcoin ETPs, 6 have approved Ethereum ETPs, 6 have approved top-10 crypto asset portfolio ETPs, and 2 have approved Solana ETPs, with 1 each approving a Bitcoin and gold combo ETP and an XRP ETP.Asad stated that since the first batch of spot crypto ETFs launched in January 2024, crypto ETPs have seen cumulative net inflows of approximately $77 billion. Currently, there are over 50 spot crypto ETPs in the U.S. market, and the number continues to grow, covering BTC, ETH, SOL, AVAX, LINK, XRP, ZEC, HYPE, crypto asset portfolios, and more. Additionally, wealth management institutions' interest in crypto assets continues to grow, with related demand extending from ETPs to crypto trading and custody, payments, and tokenization.
Odaily News: According to Bitcoin News monitoring, the attacker behind the Ledger supply chain theft has moved nearly 3,000 ETH through Tornado Cash in three separate transactions, and transferred the funds into the Zcash privacy pool before converting them to USDC. Investigator @YFarmX stated that despite the use of privacy tools, they have traced 108 transactions completed through Zcash by exact value matching. An estimated $2.85 million in stolen USDC is still held in 3 wallets, and Circle may be able to freeze the related funds. Meanwhile, Tether is reported to have frozen $10 million in stolen USDT; wallets associated with the attacker still hold approximately $38.6 million in ETH and $16.9 million in BTC.
According to Odaily, Onchain Lens monitoring shows that a whale accumulated 26,070 ZEC worth $31.93 million from Binance and Kraken within minutes, including 17,770 ZEC worth $21.76 million withdrawn from Binance and 8,300 ZEC worth $10.17 million withdrawn from Kraken.
according to Onchain Lens monitoring, a whale accumulated 26,100 ZEC, worth $31.93 million, bought and withdrawn from Binance and Kraken within minutes. Among them, 17,770 ZEC, worth $21.76 million, were bought and withdrawn from Binance; 8,300 ZEC, worth $10.17 million, were bought and withdrawn from Kraken.