Track market-moving stories before they get noisy

SpaceX's intraday decline widens to 5%, currently trading at $146.

According to market data from BIT (bit.com), SpaceX (SPCX) has extended its intraday decline to 5%, currently trading at $146.

3 minutes ago

Project World is continuously optimizing its front-end UI, with user deposits secure and transactions functioning normally.

World, a full on-chain prediction market in the Solana ecosystem, announced in a post that its website is currently experiencing high traffic, with over 1 million users accessing the platform. User deposits remain secure, platform transactions are executing normally, and backend systems are operating as expected. The team is continuing to optimize the frontend user interface, and the overall operation of the platform is in good condition.

3 minutes ago

Iranian officials announced that Iran will escalate its crackdown operations in response to U.S. attacks.

Iranian officials have stated that Iran will escalate its retaliatory strikes in response to the U.S. attack. (Jinshi)

3 minutes ago

US Treasuries extended their decline after the repurchase announcement, with the market viewing the $6 billion cap as insufficient.

The U.S. Treasury Department said it will purchase between $40 billion and $60 billion in long-term government debt in the first operation of its expanded repurchase program, demonstrating Secretary Bessent’s resolve to curb the recent rise in borrowing costs. U.S. Treasuries extended their earlier decline following the announcement, indicating the program’s size fell short of some investors’ expectations. The success of the expanded purchase program remains to be seen. After the program was first announced last month, yields fell before rebounding later. The benchmark 10-year yield hit its highest level since 2023 last week. Economist Guha, a former staffer at the New York Fed, noted: “The challenge always lies in whether the impact of these interventions can persist without larger fundamental changes.” Moreover, the maximum size of the repurchase operation does not mean the Treasury will necessarily purchase that amount of Treasuries. However, in repurchases targeting long-term nominal debt, the department typically buys the full amount; since the program was relaunched in 2024, it has only failed to do so in two of 52 such operations. (Jinshi)

3 minutes ago

Eric Trump mocks Joe Biden’s son Hunter Biden over the botched launch of the LAPTOP token, saying he should go back to painting.

US President Donald Trump’s second son Eric Trump reposted a post about the meme coin LAPTOP’s sharp price crash after its launch, commenting: “Hunter should go back to painting.” His remarks target Hunter Biden, son of former US President Joe Biden, who launched the meme coin LAPTOP. The reposted post notes that LAPTOP plummeted 98% within minutes of going live, adding that the project had originally planned to allocate a portion of its tokens to users who incurred losses from TRUMP-related transactions.

3 minutes ago

Solana ecosystem prediction market World officially launches, opening to over 1 million waitlist users.

Solana ecosystem full on-chain prediction market World announced that its independent platform World.xyz has officially launched, with over 1 million users on its waitlist. The platform offers thousands of markets spanning sports, cryptocurrency, politics, finance, economics, and culture, covering all NFL regular seasons, 7 soccer leagues, F1 races, the 2026 U.S. midterm elections, and Federal Reserve interest rate decisions. Since integrating Phantom in July, World has launched more than 150,000 markets. Each market on the platform consists of "Yes" and "No" contracts, priced between $0 and $1, and settled using Phantom’s U.S. dollar stablecoin CASH. Technically, World leverages Chainlink Data Streams and Chainlink Runtime Environment to provide market data and automated settlements, reducing manual intervention and dispute resolution wait times. Prediction markets for stock price movements, gold, silver, oil, natural gas, computing power, and weather will be rolled out sequentially.

3 minutes ago

Bitcoin fiyatı, 77.666 dolara kadar gerilemesinin ardından alıcıların yeniden devreye girmesiyle 79.000 dolar seviyesine doğru toparlandı. Lider kripto para birimi kısa süreli satış baskısını büyük ölçüde telafi ederken, yatırımcıların gözü yaklaşan ABD enflasyon verileri ve Fed faiz kararına çevrildi. Kripto para piyasasında Bitcoin yatay bir görünüm sergilerken, altcoin tarafında Zcash güçlü performansıyla öne çıktı. Haftalık bazda yaklaşık yüzde 43 değer kazanan ZEC, Grayscale’in 500 milyon doları aşan Zcash ETF’sine yönelik artan ilgiyle birlikte yatırımcıların odağına yerleşti.

Bitcoin 77.666 Dolardan Güçlü Tepki Aldı Bitcoin, Salı günü satış baskısının artmasıyla 78.000 doların altına gerileyerek 77.666 doları gördü. Ancak düşüş kalıcı olmadı. Asya işlem saatlerinde alıcıların yeniden piyasaya girmesiyle BTC fiyatı yaklaşık 78.900 dolara kadar toparlandı. Bitcoin’in 24 saatlik performansı büyük ölçüde yatay kalırken, haftalık yükselişi yüzde 2’nin altında gerçekleşti. Piyasada özellikle 75.000 ve 82.000 dolar seviyeleri, yaklaşan Fed faiz kararı öncesinde Bitcoin için kritik bölgeler olarak takip ediliyor.

İlginizi Çekebilir: Hangi Altcoinler 100 Kat Yükselebilir?

Bitcoin’de sınırlı hareket görülürken Zcash cephesindeki yükseliş dikkat çekti. Grayscale’in ZCSH koduyla işlem gören Zcash ETF’sinin büyüklüğü, NYSE Arca’da listelenmesinden yaklaşık iki hafta sonra 500 milyon doların üzerine çıktı. Grayscale verilerine göre fon, DCG International Investments tarafından gerçekleştirilen 100 milyon dolarlık yatırımın yanı sıra 70 milyon doların üzerinde giriş aldı. Fonun 550.000’den fazla ZEC tuttuğu belirtilirken, bu miktar yaklaşık 16,9 milyonluk dolaşımdaki Zcash arzının yüzde 3’üne karşılık geliyor. ZEC fiyatı 1.180 doların üzerinde işlem görürken günlük bazda yüzde 4’ün üzerinde değer kazandı. Haftalık yükselişin yaklaşık yüzde 43’e ulaşması, Zcash’i kripto piyasasının en fazla dikkat çeken varlıklarından biri haline getirdi.

Fed Kararı Öncesi Bitcoin İçin Kritik Seviyeler Kripto piyasasının yönü yalnızca ETF girişleriyle değil, ABD’den gelecek makroekonomik verilerle de şekillenebilir. Yatırımcıların odağında PPI, CPI ve 15-16 Eylül tarihlerindeki FOMC toplantısı bulunuyor. Wintermute OTC traderı Jasper De Maere, piyasadaki fiyatlamanın giderek kriptoya özgü gelişmelerden ziyade faiz oranlarına bağlı hale geldiğini belirterek şu değerlendirmeyi yaptı:

“Kayıt artık kriptoya özgü bir gelişmeden ziyade faiz oranlarına göre şekilleniyor. Haftanın sonuna doğru daha fazla volatilite bekliyoruz. 75.000 ve 82.000 dolar, FOMC toplantısına girerken takip edilen seviyeler olmaya devam ediyor.”

Bitcoin ve Zcash İçin Bundan Sonra Ne Olabilir? Bitcoin’in 77.666 dolardan hızlı şekilde toparlanması, 75.000 dolar bölgesinin üzerinde alıcıların hâlâ aktif olduğunu gösteriyor. Bununla birlikte 79.000 ve ardından 82.000 dolar seviyelerinin aşılması, BTC’de yükseliş momentumunun yeniden güç kazanması açısından önemli olabilir. Zcash tarafında ise ETF’ye yönelik güçlü sermaye girişleri ve fonun dolaşımdaki ZEC arzının önemli bir bölümünü bünyesine katması fiyat üzerinde takip edilmesi gereken bir faktör oluşturuyor. Önümüzdeki süreçte Bitcoin fiyatı, Zcash ETF girişleri, ABD enflasyon verileri ve Fed faiz kararı kripto piyasasının yönünü belirleyebilecek başlıca gelişmeler olacak.

Son Dakika kripto para haberleri için hemen tıkla.

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Zcash ETF’si ZCSH, 25 Ağustos’taki lansmanından yalnızca iki hafta sonra yönettiği varlıkları 500 milyon doların üzerine çıkardı. Fon aynı gün New York Borsası Arca’da opsiyon işlemlerine de başladı.

Ancak 500 milyon dolarlık rakamın tamamını yeni yatırımcı girişleri olarak görmek doğru değil. Fonun açıklamasına göre büyüklüğün yaklaşık 100 milyon dolarlık bölümü Digital Currency Group’un iştiraki DCG International Investments tarafından yapılan yatırımdan geliyor.

Buna karşılık ZCSH, piyasaya açıldığı günden bu yana 70 milyon doların üzerinde kümülatif giriş gördüğünü açıkladı. Bu nedenle asıl soru, ilk iki haftadaki ilginin devam edip etmeyeceği.

ZCSH İki Haftada Nasıl 500 Milyon Dolara Ulaştı? ZCSH, 25 Ağustos 2026’da NYSE Arca’da işlem görmeye başladı. Fon, yatırımcılara ZEC‘e geleneksel bir borsa hesabı üzerinden erişim sunuyor.

Toplam varlık büyüklüğünün 500 milyon doları aşmasında yaklaşık 100 milyon dolarlık DCG yatırımı önemli rol oynadı. DCG International Investments, 85.705,32563297 ZEC karşılığında yaklaşık 100 milyon dolar değerinde ZCSH hissesi aldı.

Bunun dışında fonun açıklamasına göre ilk iki haftada 70 milyon doların üzerinde kümülatif giriş gerçekleşti.

Buradaki fark önemli: 500 milyon dolarlık toplam varlık büyüklüğü ile yatırımcılardan gelen yeni para aynı rakam değil.

Zcash ETF’sinde Opsiyon İşlemleri Neden Başladı? ZCSH’nin varlık büyüklüğünün 500 milyon doları aşmasıyla aynı gün NYSE Arca’da ZCSH opsiyonları da işlem görmeye başladı.

Opsiyonlar, yatırımcıların bir varlığın gelecekteki fiyat hareketlerine yönelik farklı pozisyonlar almasına ve risklerini yönetmesine imkan veren finansal araçlar.

Böylece ZCSH için yalnızca spot yatırım erişimi değil, farklı işlem stratejilerinin kullanılabileceği yeni bir piyasa da oluştu.

ZCSH Zcash İçin Neden Önemli? ZCSH’nin dikkat çeken tarafı, yatırımcının doğrudan ZEC satın alıp saklamasına gerek kalmadan ZEC fiyatına borsa üzerinden erişebilmesi.

Fonun açıklamasına göre ZCSH şu anda dünyada spot ZEC erişimi sağlayan tek borsa işlemli ürün.

Zcash ise Bitcoin’e benzer şekilde 21 milyonluk arz sınırına sahip ve Proof-of-Work sistemi kullanıyor. Fark yaratan özelliği ise isteğe bağlı işlem gizliliği. Kullanıcılar işlemleri açık şekilde gerçekleştirebildiği gibi bazı bilgileri gizleyerek de transfer yapabiliyor.

Bu yapı, Zcash’i yalnızca fiyat hareketi üzerinden değil, finansal gizlilik teması üzerinden de takip edilen bir varlık haline getiriyor.

ZCSH’ye Gelen İlgi Kalıcı Olacak mı? İlk iki haftada 500 milyon doların üzerinde varlık büyüklüğüne ulaşılması dikkat çekici. Ancak bundan sonraki dönem daha önemli olabilir.

Çünkü fonun büyüklüğünü sürdürebilmesi için yeni yatırımcı girişlerinin devam etmesi gerekiyor. İlk aşamadaki 100 milyon dolarlık DCG yatırımı ile 70 milyon doların üzerindeki kümülatif giriş, fonun mevcut büyüklüğünü açıklayan önemli kalemler.

Bu nedenle Zcash açısından bundan sonraki en önemli verilerden biri, ZCSH’nin yeni para çekmeye devam edip etmeyeceği olacak.

Aynı zamanda opsiyon piyasasının açılması, ZCSH çevresindeki işlem araçlarının genişlediğini gösteriyor. Bu da yatırımcıların ZEC’e erişim seçeneklerini artırıyor.

Zcash ETF’sinde Şimdi Ne İzlenecek? ZCSH’nin iki hafta gibi kısa bir sürede 500 milyon dolarlık varlık büyüklüğünü aşması, ZEC’e geleneksel piyasalardan erişimin ne kadar hızlı büyüyebileceğini gösterdi.

Fakat bundan sonra rakamın kendisinden daha önemli olan, büyümenin hangi hızda devam edeceği olacak.

Yeni yatırımcı girişleri güçlü kalırsa fon büyümeyi sürdürebilir. Talep yavaşlarsa ilk haftalardaki hızlı yükselişin devamı gelmeyebilir.

Dolayısıyla Zcash ETF’si için hikâye 500 milyon dolarda bitmiyor. Şimdi piyasanın cevabını beklediği soru, bu rakamın bir başlangıç mı yoksa ilk dönem etkisi mi olduğuna dönüşüyor.

Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.

Son Dakika kripto para haberleri için hemen tıkla.

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Zcash Is Only 1% of Bitcoin’s Market Cap, but Its Volatility Is More Than 3 Times Higher

Table of contents

The Zcash ETF, trading under the ticker ZCSH, said on Sept. 8 that its assets under management had passed $500 million, two weeks after its NYSE Arca debut. The milestone coincided with the start of listed options trading on the fund and included an approximately $100 million affiliated investment.

An official filing exhibit with the U.S. Securities and Exchange Commission says DCG International Investments acquired ZCSH shares worth about $100 million through an authorized participant. The affiliate of the fund’s sponsor contributed 85,705.32563297 ZEC in exchange for those shares.

ZCSH reports more than $500 million in assets The fund said cumulative inflows exceeded $70 million during its first two weeks as an exchange-traded product. Head of Index Steve Vanourny said those inflows, together with the DCG investment, “meaningfully increase the scale of the Fund” as it works to broaden access to ZEC.

ZCSH began trading on NYSE Arca on Aug. 25. BlockchainReporter covered the debut of the first U.S. spot Zcash ETF when the product converted from a private trust. The newly reported asset total and options launch are later developments that change the fund’s operating scale and the tools available around it.

Options add a new way to manage ZCSH exposure Options on ZCSH also began trading on NYSE Arca on Sept. 8. According to the sponsor’s announcement, the contracts give market participants exchange-traded instruments for managing risk, generating income or expressing a view on the fund. The filing does not provide initial options volume, open interest or participation figures.

The shares acquired by DCG International Investments have no preference features and are economically the same as other fund shares, the exhibit states. It also identifies the investor as an affiliate of both Digital Currency Group and Grayscale Investments Sponsors, making that relationship important context for the reported increase.

The fund is not a registered investment company ZCSH offers brokerage-account exposure to ZEC, but it is not a direct investment in the token. The product is also not registered under the Investment Company Act of 1940 and therefore does not carry the same regulatory protections as funds registered under that law.

The sponsor describes ZEC exposure as highly volatile and warns that investors could lose their entire investment. The Sept. 8 disclosure establishes the reported AUM threshold, the options launch and the completed affiliated share acquisition; it does not establish future inflows, fund performance or demand for the new derivatives.

AUTHOR

A freelance writer with a passion for crypto, delivering insightful and accurate content on blockchain and fintech. With a knack for translating complex concepts into accessible content, Eric produces well-researched articles, blog posts, and thought leadership pieces that cover the latest trends and developments in the digital finance space. His writing is aimed at educating and engaging both newcomers and industry experts, offering fresh insights into the world of cryptocurrencies, decentralized finance (DeFi), and blockchain innovations. Eric’s dedication to quality and accuracy makes him a trusted voice in the fintech and crypto communities

Zcash has experienced a rapid price surge following a breakout from a bullish pennant pattern, with significant buying activity from major holders fueling the uptick.

Whale activity drives rallyThe latest rally in Zcash began after breaking out from a pennant formation at the start of September. The price climbed from a low of $804 on September 3 to reach $1,257 by September 6, with a brief pause before bullish momentum continued.

Large-scale purchases by whales have accompanied this momentum. Lookonchain, a blockchain analytics platform, reported that three wallets, potentially controlled by a single large investor, deployed 3,700 ETH (valued at $9.23 million) and 2 million USDC to acquire 8,994 ZEC. This accumulation, worth approximately $11.23 million, has continued, with ongoing purchases observed.

Lookonchain indicated that the wallets under observation are still actively accumulating ZEC, contributing to heightened market activity in the token.

Market and derivatives activity surgeIn derivatives markets, Zcash’s open interest jumped 15.47% over the last 24 hours, reaching $2.91 billion. This uptick points to renewed inflows and increased trading interest in ZEC futures contracts. CoinGlass, a crypto derivatives data provider, recorded $11.52 million in short liquidations and $2.33 million in long liquidations within the same timeframe, suggesting that a short squeeze may have supported the price rally.

A short squeeze occurs when investors betting against an asset are forced to buy back their positions as prices rise sharply, further amplifying upward movement.

Mini dictionary: Short squeeze, a situation in financial markets where many traders betting prices will fall are forced to buy back assets rapidly after the price surges, causing further upward momentum.

Zcash ETF listings accelerate inflowsZcash recently entered a new phase of institutional accessibility. Options tied to the Zcash ETF began trading on the NYSE. The ETF, under the name ZCSH, now claims over $500 million in assets under management and holds more than 550,000 ZEC tokens.

Grayscale, a major US digital asset manager, launched the Zcash ETF on NYSE Arca under the ticker ZCSH on August 25. This product allows brokerage clients direct exposure to ZEC without holding a crypto wallet, making participation in the privacy-focused coin accessible to a broader investor base.

Mini dictionary: Zcash is a privacy-oriented cryptocurrency focused on providing anonymous transactions using advanced cryptographic techniques. Grayscale is a prominent digital asset management company known for launching cryptocurrency investment products for institutional and individual investors.

MetricValueRecent ZEC whale purchase8,994 ZEC ($11.23 million)Open interest (last 24 hours)$2.91 billion (+15.47%)Short liquidations (24h)$11.52 millionZcash ETF (ZCSH) AUM$500 million+ (550,000+ ZEC)

Kripto para piyasasında geçmiş yıllarda görülen 100 katlık altcoin yükselişlerinin sona erip ermediği yeniden tartışılıyor. CoinMarketCap Araştırma Başkanı Alice Liu’ya göre üç haneli getiriler hala mümkün ancak fırsatlar artık piyasanın farklı alanlarında ortaya çıkıyor. Özellikle memecoinler ve yeni ekosistemlerdeki tokenlerin hızlı yükselişlerine dikkat çeken Liu, güçlü temellere sahip projelerde ise 10 ila 20 katlık potansiyelin hala yakalanabileceğini düşünüyor.

Memecoinlerde 100 Kat Yükseliş Hala Mümkün mü? Alice Liu, yüksek getirilerin tamamen ortadan kalkmadığını ancak yatırımcıların doğru piyasa trendlerini erken yakalaması gerektiğini belirtti. Liu, “Hala devam ediyorlar. Doğru partilere katılmamız gerekiyor” ifadelerini kullandı. Özellikle Justin Sun ile bağlantılı memecoinler ve Robinhood Chain üzerinde geliştirilen tokenlerdeki hareketliliğe dikkat çeken Liu, memecoin piyasasında sermayenin oldukça hızlı hareket ettiğini söyledi. Bununla birlikte güçlü temellere sahip daha köklü altcoinlerde 100 kat yerine 10 veya 20 katlık yükselişlerin daha gerçekçi olabileceğini ifade etti.

İlginizi Çekebilir: Bitcoin’de Dengeleri Değiştirecek İki Faktör!

CoinMarketCap Altcoin Sezonu Endeksi mevcut piyasanın henüz tam anlamıyla bir altcoin sezonuna girmediğini gösteriyor. Endeks, stablecoinler hariç en büyük 100 kripto paranın son 90 günlük performansını Bitcoin ile karşılaştırıyor.

Endekste öne çıkan seviyeler şöyle:

75 ve üzeri: Piyasanın güçlü bir altcoin sezonuna girdiğine işaret ediyor. 25 ve altı: Bitcoin’in piyasadaki hakimiyetinin güçlü olduğunu gösteriyor. Mevcut seviye 36: Altcoinlerin Bitcoin’in gölgesinden çıkmaya başladığı ancak henüz geniş çaplı bir altcoin sezonunun oluşmadığı anlamına geliyor. Liu’ya göre son dönemde tek bir altcoin rallisinden ziyade farklı anlatılar ve sektörler arasında hızlı sermaye geçişleri yaşanıyor.

Hangi Altcoinler Öne Çıkıyor? Son 90 günlük performansa bakıldığında launchpad projeleri ve yeni ekosistem tokenlerinin yatırımcı ilgisini güçlü şekilde çektiği görülüyor. Liu’ya göre özellikle Robinhood Chain üzerinde geliştirilen PONS, son dönemin öne çıkan projeleri arasında yer alırken Pump.fun da güçlü performans gösteren platformlardan biri oldu. Bu hareketlilik, yatırımcıların yeni anlatılara ve yüksek büyüme potansiyeli taşıyan projelere yönelmeye devam ettiğini gösteriyor.

Ancak sermaye akışı yalnızca yeni tokenler ve memecoinlerle sınırlı değil. Zcash ve Litecoin gibi daha köklü kripto paraların yanı sıra Uniswap ve Curve gibi DeFi projeleri de yatırımcıların radarında bulunuyor. Farklı kategorilerdeki projelerin aynı dönemde güç kazanması, piyasadaki sermayenin tek bir alanda yoğunlaşmak yerine farklı kripto sektörleri arasında hareket ettiğine işaret ediyor. Liu’ya göre bu hızlı rotasyon, olası bir altcoin sezonunda hangi projelerin öne çıkacağını belirleyebilecek önemli faktörlerden biri olabilir.

Altcoin Sezonu Başlayabilir mi? Liu’ya göre geniş çaplı bir altcoin rallisinin başlaması için Bitcoin’in mutlaka yeni bir tüm zamanların en yüksek seviyesine ulaşması veya 100.000 doları aşması gerekmiyor. Asıl önemli faktör Bitcoin’in güçlü ve istikrarlı bir yükseliş sergilemesi. Bitcoin’in 70.000 veya 80.000 dolar gibi önemli seviyeleri aşarak istikrar kazanması, piyasadaki likiditeyi ve yatırımcı güvenini artırabilir. Tarihsel olarak sermaye daha sonra Ethereum ve DeFi projelerine, ardından daha riskli altcoinler ve memecoinlere doğru hareket edebiliyor. CoinMarketCap Araştırma Başkanı Alice Liu, altcoinlerde büyük kazanç fırsatlarının tamamen ortadan kalkmadığını düşünüyor. Ancak Altcoin Sezonu Endeksi’nin 36 seviyesinde olması, piyasanın henüz geniş çaplı bir altcoin rallisine girmediğini gösteriyor. Bitcoin’in güçlü görünümünü koruması ve sermayenin altcoinlere yayılması halinde yeni fırsatlar ortaya çıkabilir.

Son Dakika kripto para haberleri için hemen tıkla.

Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.

Kripto para piyasasında Hyperliquid, Zcash, Ethereum ve Shiba Inu yatırımcıların yakın takibinde. Dört kripto varlıkta teknik görünüm farklı sinyaller verirken, son yükselişlerin ardından bazı bölgelerde düzeltme riski öne çıkıyor. HYPE güçlü trendini korumaya çalışırken ZEC’te aşırı alım sinyalleri dikkat çekiyor. Ethereum 2.400 doların üzerinde tutunurken, SHIB tarafında ise 200 günlük hareketli ortalama kritik direnç olmaya devam ediyor.

Hyperliquid İçin 90 Dolar Yeniden Gündeme Gelebilir Hyperliquid fiyatı gün içerisinde yaklaşık yüzde 3,2 gerileyerek 82,50 dolar seviyesine çekildi. HYPE böylece 89 dolara yaklaşan son yerel zirvesinden uzaklaşsa da teknik görünümde yükseliş yapısı henüz bozulmuş değil. HYPE, ağustos ayının ikinci yarısında 56-60 dolar bölgesinden başlayan güçlü hareketle 75 dolar seviyesinin üzerine çıkmayı başardı. Fiyatın günlük grafikte önemli hareketli ortalamaların üzerinde kalması, orta vadeli yükseliş trendinin devam ettiğine işaret ediyor. 20 günlük hareketli ortalama yaklaşık 77,82 dolar seviyesinde bulunurken, 50 günlük ortalama 66,82 dolar ve 100 günlük ortalama 65,39 dolar civarında seyrediyor.

İlginizi Çekebilir: Bitcoin Toparlanıyor: Asıl Sürpriz Bu Altcoin’den Geldi!

200 günlük ortalama ise yaklaşık 57 dolar seviyesinde bulunuyor. HYPE için kısa vadede 78-80 dolar bölgesi kritik destek konumunda. Bu bölgenin korunması halinde 88-90 dolar bandına doğru yeni bir yükseliş denemesi görülebilir. 90 doların güçlü hacimle aşılması durumunda ise psikolojik 100 dolar seviyesi yeniden yatırımcıların radarına girebilir. RSI göstergesinin daha önce aşırı alım bölgesine çıkmasının ardından 57 seviyesine gerilemesi ise yükseliş ivmesinin daha dengeli bir noktaya geldiğini gösteriyor.

Zcash İçin Düzeltme Riski Artıyor: 1.000 Dolar Kritik Zcash tarafında ise HYPE’a kıyasla daha riskli bir teknik görünüm dikkat çekiyor. ZEC, ağustos ayında yaklaşık 480 dolardan başlayan güçlü yükseliş hareketinin ardından kısa süreliğine 1.240 dolar seviyesinin üzerine çıktı. Son işlemlerde ise fiyat yaklaşık 1.149 dolar civarında seyrediyor. ZEC fiyatının önemli hareketli ortalamalardan ciddi şekilde uzaklaşması, olası bir düzeltme riskini artırıyor. 20 günlük hareketli ortalama yaklaşık 849 dolara yükselirken, 50 ve 100 günlük ortalamalar sırasıyla 651 ve 614 dolar civarında bulunuyor. 200 günlük ortalama ise yaklaşık 512 dolar seviyesinde.

Teknik göstergelerde en dikkat çekici sinyallerden biri RSI tarafında geliyor. Günlük RSI’ın yaklaşık 75,8 seviyesinde bulunması, ZEC’in aşırı alım bölgesinde olduğuna ve mevcut fiyatlardan yeni pozisyon açan yatırımcılar açısından risklerin yükseldiğine işaret ediyor. Olası geri çekilmede 1.080-1.100 dolar bölgesi ilk önemli destek olarak takip edilecek. Bu bölgenin kaybedilmesi halinde psikolojik 1.000 dolar seviyesi gündeme gelebilir. Satışların derinleşmesi durumunda ise 850 dolar civarındaki bölge bir sonraki güçlü destek alanı olabilir.

Ethereum 2.400 Dolar Üzerinde Tutunmaya Çalışıyor Ethereum fiyatı yaklaşık 2.459 dolar seviyesinde işlem görürken, ağustos ayında yaşanan güçlü kırılımın ardından konsolidasyon sürecini sürdürüyor. Satıcıların ETH fiyatını birkaç kez 2.400 doların altına çekmeye çalışmasına rağmen bu seviyenin üzerinde kalıcılık şimdilik korunuyor. Ethereum daha önce 1.880-1.920 dolar bölgesindeki uzun süreli yatay hareketin ardından önemli hareketli ortalamalarının üzerine çıkmıştı. Ancak ilk kırılım sonrasında işlem hacminin azalması ve RSI göstergesinin aşırı alım bölgesinden yaklaşık 60 seviyesine gerilemesi, yükseliş momentumunun yavaşladığını gösteriyor. ETH için 2.520-2.560 dolar aralığı kısa vadeli en önemli direnç bölgelerinden biri olarak öne çıkıyor. Bu bandın aşılması halinde 2.600-2.650 dolar bölgesine doğru yeni bir hareket görülebilir. Aşağı yönlü hareketlerde ise 2.400 dolar kritik destek olmaya devam ediyor.

Shiba Inu İçin 200 Günlük Ortalama Kritik Eşik Shiba Inu yaklaşık 0,00000541 dolar seviyesinde işlem görürken, ağustos ayında 0,00000440 dolar civarında gördüğü dip seviyenin ardından başlayan toparlanma eğilimini koruyor. SHIB’in daha yüksek dip seviyeler oluşturması kısa vadeli görünümü desteklese de fiyat henüz önemli bir teknik engeli aşabilmiş değil. SHIB fiyatı 0,00000517 dolar civarındaki 20 günlük hareketli ortalamanın üzerinde bulunuyor. 50 günlük ortalama yaklaşık 0,00000491 dolar, 100 günlük ortalama ise 0,00000503 dolar seviyesinde seyrediyor. Buna karşılık yaklaşık 0,00000567 dolardaki 200 günlük hareketli ortalama SHIB için ana direnç konumunda. Bu seviyenin üzerinde kalıcı bir kırılım gerçekleşmeden daha geniş çaplı trend dönüşünden söz etmek zor görünüyor. 200 günlük ortalamanın aşılması halinde 0,00000600-0,00000620 dolar bölgesi yeniden gündeme gelebilir.

Değerlendirme HYPE, ZEC, ETH ve SHIB tarafındaki teknik görünüm, kripto piyasasında yükseliş eğiliminin tamamen ortadan kalkmadığını ancak varlık bazında risklerin belirgin şekilde farklılaştığını gösteriyor. HYPE için 78-80 dolar desteğinin korunması 90 dolar ve ardından 100 dolar hedeflerini canlı tutabilirken, ZEC’in aşırı alım bölgesinde bulunması 1.000 dolara doğru olası bir düzeltme riskini artırıyor. Ethereum’da 2.400 dolar desteği yükseliş yapısının korunması açısından kritik önem taşırken, SHIB’in daha güçlü bir trend değişimi gösterebilmesi için 200 günlük hareketli ortalamasını aşması gerekiyor. Bu nedenle yatırımcıların yükseliş beklentilerinin yanı sıra kritik destek seviyelerinin kaybedilmesi halinde oluşabilecek düzeltme senaryolarını da yakından takip etmesi önem taşıyor.

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Zcash son dönemde gerçekleştirdiği güçlü yükselişle 800 dolar seviyelerinden 1.250 dolara kadar tırmanırken, teknik göstergeler ZEC için kısa vadeli düzeltme riskinin arttığına işaret ediyor. Fiyat yaklaşık 1.124 dolar civarında işlem görürken RSI göstergesinin son zirveyi teyit edememesi yükseliş momentumunun zayıfladığına yönelik önemli bir sinyal verdi. Analistler olası geri çekilmede özellikle 1.040 ile 1.080 dolar arasındaki kritik destek bölgesini yakından takip ediyor.

Zcash 1.250 Dolara Ulaştı Ancak Momentum Zayıflıyor ZEC yalnızca birkaç işlem seansı önce 800 dolar civarında işlem görürken son yükseliş dalgasında yaklaşık yüzde 50 değer kazandı. Fiyatın ağustos ayında görülen 880 dolar civarındaki zirveyi aşarak 1.200 doların üzerine çıkması, ana trendin güçlü kalmasını sağladı. Ancak RSI göstergesi fiyat hareketindeki yeni zirveyi doğrulayamadı. ZEC daha yüksek seviyelere ulaşırken RSI yaklaşık 74 seviyesinde kaldı ve önceki zirvesini aşamadı. Teknik analizde negatif uyumsuzluk olarak değerlendirilen bu durum, yükseliş momentumunun güç kaybetmeye başladığına ve kâr satışlarının artabileceğine işaret edebilir.

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Zcash için dikkat çeken bir diğer teknik sinyal, fiyat ile önemli hareketli ortalamalar arasındaki farkın ciddi şekilde açılması oldu. ZEC son geri çekilmeye rağmen yaklaşık 847 dolar seviyesindeki 20 günlük hareketli ortalamanın yüzde 30’dan fazla üzerinde bulunuyor. 50 günlük hareketli ortalama yaklaşık 650 dolar seviyesinde bulunurken daha uzun vadeli ortalamalar 614 dolar ve 512 dolar civarında seyrediyor. Fiyatın trend ortalamalarından bu kadar uzaklaşması güçlü yükselişi gösterse de olası kâr satışlarında aşağı yönlü hareketin hızlanması riskini beraberinde getiriyor.

Zcash İçin Kritik Destek Seviyeleri Belli Oldu Kısa vadede yatırımcıların takip ettiği ilk önemli bölge 1.040 ile 1.080 dolar aralığı. Son kırılmanın gerçekleştiği bu bölgenin korunması, ZEC fiyatının yeniden güç kazanarak 1.200 ve 1.250 dolar seviyelerini test etmesine yardımcı olabilir.

Olası geri çekilmede öne çıkan seviyeler şöyle:

040-1.080 dolar: Kısa vadede ilk kritik destek bölgesi. 950 dolar: İlk desteğin kaybedilmesi durumunda takip edilebilecek ikinci önemli seviye. 800-850 dolar: Satışların derinleşmesi halinde önceki birikim bölgesi ve 20 günlük hareketli ortalamaya yakın alan. Bu nedenle özellikle 1.040 dolar seviyesinin altında oluşabilecek fiyat hareketleri, düzeltmenin daha derin seviyelere genişleme riskini artırabilir.

ZEC’te Düzeltme Gelir mi? Zcash’ın ana trendi şimdilik yukarı yönlü görünümünü koruyor. Ancak negatif RSI uyumsuzluğu ve fiyatın hareketli ortalamalardan önemli ölçüde uzaklaşması, son rallinin ardından daha temkinli olunması gerektiğini gösteriyor. ZEC’in 1.040-1.080 dolar bölgesini koruması halinde yeniden 1.200 doların üzerine doğru toparlanma görülebilir. Buna karşılık satış baskısının artması ve kritik desteğin kaybedilmesi 950 doların, daha derin bir düzeltmede ise 800-850 dolar bölgesinin yeniden gündeme gelmesine neden olabilir. Zcash güçlü yükseliş trendini korusa da teknik göstergelerde ortaya çıkan momentum kaybı kısa vadeli düzeltme riskini artırıyor. ZEC’in bundan sonraki yönü açısından 1.040-1.080 dolar desteği ile 1.200-1.250 dolar direnç bölgesi belirleyici olabilir.

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F2Pool co-founder Chun Wang criticized Zcash on Sept. 8 as ZEC traded near $1,130 following a rally that carried the privacy coin into the cryptocurrency market’s top ten.

Summary

Zcash traded near $1,130 after gaining more than 2,300% during the previous twelve months overall. F2Pool co-founder Chun Wang criticized Zcash’s funding structure, governance history and optional privacy model publicly. Zcash allocated 20% of early block rewards through its original four-year Founders’ Reward system initially. Ironwood replaced Orchard after developers disclosed a four-year vulnerability carrying theoretical hidden counterfeiting risks onchain. Developers found no evidence of exploitation but cannot cryptographically prove counterfeit ZEC never existed privately. Wang, who posts under the name Chun at @satofishi, called the move a “narrative bid.” He argued that Zcash’s funding history, optional privacy model, governance disputes and recently disclosed Orchard vulnerability did not justify its valuation.

His comments are opinions rather than evidence of wrongdoing. Several underlying events are documented, but some of Wang’s conclusions omit later changes to Zcash’s funding and privacy systems.

ZEC was trading around $1,130 when this report was prepared, down nearly 7% over 24 hours. CoinMarketCap placed its capitalization near $19 billion and ranked it tenth, while CoinGecko placed it ninth. Rankings can differ because platforms use different supply and asset-classification methods.

The token remained more than 2,300% higher than one year earlier, according to market data cited in coverage of Zcash’s move above $1,000. Its rally accelerated after Grayscale converted its Zcash Trust into a U.S.-listed spot exchange-traded fund in August.

Six years ago, a Zcash team member wrote me and kept confusing EST and EDT. Communication went nowhere, I banned their entire company.

Six years later, this is still one of the best decisions I have made.

Still remember the BlockFi incident where they were supposed to send… https://t.co/hY6H6W37pj

— Chun (@satofishi) September 8, 2026 Zcash funding criticism needs historical context Wang said Zcash did not have a fair launch because 20% of its early block rewards went to founders, employees, advisers and investors.

The underlying percentage is correct. During Zcash’s first four years, miners received 80% of each block subsidy, while the Founders’ Reward received 20%. Because that arrangement covered only the first issuance period, it represented 2.1 million ZEC, or 10% of the planned 21 million maximum supply.

The recipients included founders, investors, employees and organizations supporting development. The 2.1 million ZEC did not go exclusively to Electric Coin Company, a distinction noted in historical community discussions.

The Founders’ Reward ended with the Canopy upgrade in November 2020. Zcash then introduced a development fund that also received 20% of block rewards between the first and second halvings.

Under that arrangement, 7% went to Electric Coin Company, 5% to the Zcash Foundation and 8% to Major Grants, later renamed Zcash Community Grants. Miners continued receiving 80%.

That development fund added a maximum of approximately 1.05 million ZEC, equal to 5% of the eventual supply. Combined with the original Founders’ Reward, the two mechanisms directed up to 15% of the maximum supply toward founders, investors and different development recipients across eight years.

Wang’s description becomes less precise when applied to the present system. Since November 2024, Zcash has continued allocating 20% of block rewards for ecosystem funding, but the recipients changed.

The official Zcash network page states that 8% goes to Zcash Community Grants and 12% entered a protocol-tracked lockbox. Direct payments to Electric Coin Company and the Zcash Foundation ended under that structure.

The lockbox had no immediate withdrawal mechanism when introduced. Its purpose was to hold funds until the community agreed on a decentralized distribution process. Therefore, describing the current allocation as a direct continuing payment to “a company and its backers” would be inaccurate.

Whether any protocol-funded development mechanism is appropriate remains a policy judgment. Bitcoin generally directs its subsidy to miners, while Zcash chose to reserve part of issuance for software development and ecosystem grants.

Zcash governance dispute did not stop the network Wang also cited the January departure of the Electric Coin Company team following a dispute with Bootstrap, the U.S. nonprofit that governed ECC.

The departure occurred on Jan. 7. Then-CEO Josh Swihart said the entire team had been “constructively discharged” after employment conditions changed. He accused a majority of Bootstrap’s board of acting against the company’s mission.

Bootstrap disputed that framing. Its board said the disagreement concerned nonprofit law, fiduciary responsibilities and plans involving the Zashi wallet and outside investment.

The board argued that assets held by a public-benefit nonprofit could not be transferred in a way that created improper private benefits. No court has ruled on either side’s description of the dispute.

The former ECC employees did not abandon Zcash development. They announced a new company, Zcash Open Development Lab, and continued working on the protocol and privacy-related products.

Zcash founder Zooko Wilcox defended the integrity of the Bootstrap directors and said the conflict did not affect the protocol. The blockchain continued operating because miners, nodes and multiple development groups did not depend on ECC’s corporate existence.

The episode still exposed a governance divide among organizations responsible for core software, funding, trademarks and wallets. Wang’s statement that the disagreement proved Zcash was “broken at the top” is his interpretation, not an established technical finding.

ZEC fell sharply when the split became public in January. That verified price reaction showed that traders considered the developer dispute material, even though the blockchain itself did not halt.

Ironwood contained the Orchard supply risk Wang’s strongest factual criticism concerns a vulnerability in Orchard, Zcash’s main shielded pool between May 2022 and July 2026.

Security researcher Taylor Hornby discovered the flaw in May. The error involved an under-constrained element within Orchard’s cryptographic circuit. In theory, an attacker could have supplied invalid inputs and created counterfeit ZEC that ordinary verification would accept.

Developers deployed an emergency fix on June 1. They reported finding no evidence that anyone had exploited the vulnerability.

However, the privacy properties of Orchard prevent developers from cryptographically proving that no counterfeit ZEC was created before the patch. The flaw existed from Orchard’s May 2022 activation until the emergency response, according to the technical disclosure.

That limitation supports part of Wang’s criticism. Transparent ledgers allow observers to calculate visible supply directly. A shielded pool conceals transaction values, so its supply integrity depends on the soundness of its cryptographic rules.

The inability to prove non-exploitation is not evidence that counterfeiting occurred. It means the available evidence cannot eliminate that possibility with cryptographic certainty.

Zcash activated Ironwood at block 3,428,143 on July 28. The upgrade opened a separately tracked shielded pool and prevented Orchard from accepting new deposits or internal transfers. Orchard users could still withdraw funds.

Ironwood introduced an accounting checkpoint that prevents more ZEC from leaving Orchard than entered it. Any counterfeit balance remaining in the old pool therefore cannot pass freely into the new pool beyond the recorded amount.

As crypto.news reported, Ironwood replaced Orchard with a formally verified shielded design. The verification provides stronger assurance that Ironwood cannot create hidden counterfeit ZEC under its stated design assumptions.

The upgrade did not retroactively prove that Orchard was never exploited. It contained the unresolved supply risk and created a new accounting boundary for future transactions.

Optional privacy is seeing greater use Wang argued that optional privacy had left most ZEC in transparent addresses for much of the network’s history. Zcash does allow both transparent and shielded transfers, unlike Monero, where privacy protections apply by default.

Exchange support, wallet limitations and the higher computing requirements of early shielded transactions slowed adoption. Transparent addresses remained easier for many services to support.

Recent data presents a more mixed picture. Shielded ZEC increased from about 8% of supply in early 2024 to approximately 30% by May 2026. Shielded transactions accounted for 59.3% of network activity at that point, according to data cited in reporting on growing shielded adoption.

Those figures do not prove that Zcash has developed a broad commercial economy. They do show that the claim that privacy remains almost unused is outdated when applied to current network activity.

Wang compared Zcash unfavorably with Solana and Hyperliquid, arguing that both networks process more visible economic activity. That comparison relies on different use cases. Solana supports general-purpose applications, while Hyperliquid focuses on trading. Zcash primarily offers payments with optional transaction privacy.

Market capitalization also does not measure protocol revenue, payment volume or user numbers directly. ZEC’s top-ten position records the market value assigned to circulating tokens, not a verified ranking of network utility.

BlockFi error was real but unrelated to Zcash Wang separately referred to BlockFi’s 2021 promotional payment error. BlockFi confirmed that some customers received rewards denominated in Bitcoin instead of U.S. dollars.

Some users withdrew the unexpected payments before BlockFi reversed them. The company said fewer than 100 customers withdrew incorrect awards and initially placed its remaining exposure near $10 million.

Reports showed individual account credits involving hundreds of BTC. However, BlockFi did not publicly verify Wang’s specific example of a customer receiving 701.4 BTC instead of $701.40.

The payment mistake had no operational connection to Zcash, its developers or zk-SNARK cryptography. Wang used it as an analogy for poor attention to detail, alongside his earlier disagreement with a Zcash team member over Eastern Standard Time and Eastern Daylight Time.

His six-year-old decision to block the company was personal. Confusion over time-zone terminology does not establish that Zcash’s cryptographic work was defective.

What happens next for Zcash Ironwood remains the main technical response to the Orchard vulnerability. Users must move funds out of Orchard for them to enter the new shielded pool, while developers can monitor the accounting checkpoint during that migration.

The ecosystem must also determine how development funding is governed and distributed. Debate over the 20% allocation is likely to continue because it affects miners, grant recipients and ZEC holders differently.

For traders, the immediate question is whether ZEC can retain its top-ten capitalization after a steep rally. The token fell from an intraday high above $1,216 to around $1,130, showing elevated volatility.

A rally driven partly by ETF access and short liquidations does not prove Chun Wang’s criticism correct or incorrect. It shows that market price, protocol security and network use remain separate measures requiring independent evidence.

FAQs Who is Chun Wang? Chun Wang is a co-founder of F2Pool, one of the cryptocurrency industry’s longest-running Bitcoin mining pools. He posts on X under @satofishi.

Did Zcash give founders 20% of its total supply? No. The Founders’ Reward received 20% of block issuance during the first four years. That equaled 2.1 million ZEC, or 10% of the maximum supply.

Was the Orchard vulnerability exploited? Developers reported finding no evidence of exploitation. Orchard’s privacy design means they cannot prove with cryptographic certainty that hidden counterfeiting never occurred.

Did Ironwood destroy coins held in Orchard? No. Orchard stopped accepting new deposits and internal transfers, but withdrawals remain possible through an accounting checkpoint designed to contain any excess supply.

Did BlockFi send Bitcoin instead of dollar rewards? Yes. BlockFi confirmed the general payment error in 2021. The specific 701.4 BTC example cited by Wang was not publicly

Zcash hit roughly $1,130 on September 8, 2026, capping a run that saw ZEC gain more than 2,300% over the prior year. Wang Chun, co-founder of mining pool F2Pool, publicly characterized the move as a “narrative short squeeze,” a price surge powered by exchange listings, speculative momentum, and forced short covering rather than any meaningful change in how Zcash actually gets used.

What pushed ZEC to these levels The clearest catalyst was Grayscale converting its Zcash Trust into a U.S.-listed spot ETF in August 2026. The 24-hour trading volume on September 8 sat at approximately $3.18 billion, which is not a number typically associated with organic user growth in a privacy coin network.

Chun’s concern is that Zcash’s market cap, at these levels, becomes comparable to networks like Solana and Hyperliquid. The optional nature of Zcash’s shielded transactions means the majority of ZEC has historically circulated through transparent addresses, the same kind anyone can inspect on a standard block explorer.

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A history of structural problems Chun also pointed to the Founder Rewards mechanism baked into Zcash’s original design. For the network’s first four years, 20% of every block reward was directed to founders, investors, and the Electric Coin Company. That equated to roughly 2.1 million ZEC, or about 10% of the total supply cap, flowing to insiders before the broader market saw a single new coin from those blocks.

The Electric Coin Company saw its team exit in January 2026 amid disputes involving the Zcash Foundation and a separate entity called Bootstrap.

The Orchard shielded pool vulnerability, disclosed in May 2026, theoretically could have allowed an attacker to mint ZEC without detection, bypassing the cryptographic guarantees that make shielded transactions meaningful. Developers said they found no evidence the bug was exploited, but they could not produce a definitive cryptographic proof that no exploitation occurred. The Ironwood upgrade in July 2026 sealed the affected pool and migrated assets out of the vulnerable state.

What the valuation gap actually means Solana processes millions of transactions daily across a dense ecosystem of decentralized finance applications, consumer products, and institutional infrastructure. Hyperliquid built a derivatives exchange that generates real fee revenue from real trading activity. Zcash’s comparable metrics in terms of active shielded addresses, daily transaction counts, and developer commits have not seen growth to match its price trajectory.

The specific combination of factors Chun identifies—optional privacy with low adoption, a founder rewards overhang embedded in community memory, a governance rupture months before the rally, and a theoretical inflation vulnerability in the privacy pool—adds up to a risk profile that the price does not obviously reflect.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Zcash (ZEC) has surged back above key technical levels, posting strong gains in recent trading sessions. The privacy-focused cryptocurrency recently climbed to a high near $1,250 but is now trading around $1,124. The latest rally propelled ZEC nearly 50% higher from its recent price near $800, highlighting renewed investor interest after weeks of subdued movement.

Technical signals suggest caution despite uptrendAlthough Zcash remains structurally bullish in the medium term, technical indicators have started to suggest a potential loss of momentum. The relative strength index (RSI), a common momentum gauge, is showing signs of bearish divergence compared to price action. The current RSI stands at approximately 74, lower than its peak during ZEC’s previous rally in August, even as the price has recently moved far above those former highs.

Bearish RSI divergence occurs when the price of an asset hits higher highs while the RSI fails to reach new peaks, often interpreted as a warning that underlying momentum may be diminishing. Historically, this pattern can precede corrections, especially after rapid price advances, but it does not always signal the end of a rally.

During this leg, ZEC soared from about $800 to $1,250 in only a few sessions, while the RSI failed to keep pace—a classic bearish divergence suggesting caution as price action extends higher.

A second technical red flag involves Zcash’s distance from its primary moving averages. The 20-day moving average is now close to $847, about 33% below the current trading level. The 50-day moving average is near $650, while longer-term trendlines remain at approximately $614 and $512. This divergence highlights a substantial gap beneath the current price.

Key support and resistance levels to watchWith ZEC significantly above its major moving averages, the lack of nearby technical support may amplify risk if profit-taking increases. Analysts identify the $1,040 to $1,080 zone as the first significant support area, corresponding to the recent breakout region. If ZEC manages to consolidate in this range, it could attempt another move toward the $1,200 to $1,250 resistance band.

If a breakdown occurs, the $950 range is expected to hold initial support, followed by the $800 to $850 zone where ZEC previously consolidated. Notably, the rapidly rising 20-day moving average now aligns closely with this lower support region, adding further significance to the level.

Moving AverageCurrent Level20-day$84750-day$650Long-term (est.)$614 / $512Outlook: Uptrend remains, but risks growWhile Zcash continues its strong uptrend, the nature of the rally appears to be shifting. The extension far above its trend averages and the appearance of a bearish RSI divergence highlight the need for continued demand to sustain price levels. If momentum weakens further, the absence of nearby support levels increases the possibility of a technical correction.

Zcash is a decentralized cryptocurrency focused on privacy and anonymity, using advanced cryptographic techniques to shield transaction details from public view. Its unique approach to privacy distinguishes it from many other crypto projects, which typically maintain transparent blockchains.

Mini dictionary: Relative Strength Index (RSI): A technical indicator used to measure the magnitude of recent price changes, identifying overbought or oversold conditions in an asset. Readings above 70 often signal potential overbought conditions, while readings below 30 may indicate oversold levels.

Zcash (ZEC) has made a stunning jump into crypto’s top 10, reaching a $19.48 billion market cap after its price surged above $1,250. ZEC is up more than 2,200% in a year and 125% in 30 days.

But F2Pool co-founder Chun Wang says the rally is being narrative-driven by a story rather than real fundamental growth.

Zcash: Big Market Cap Does Not Mean a Coin Earned Its PlaceIn a recent tweet, Wang called the Zcash rally a “narrative bid,” questioning whether Zcash’s roughly $19 billion market cap reflects its actual use and fundamentals.

“Zcash’s latest rally is a narrative bid. A big market cap does not mean a coin earned its place.” 

Meanwhile, the rally has been driven by several factors, including Grayscale’s U.S. spot Zcash ETF, tighter supply, and short covering. But Wang argued that these factors may explain the price rise but do not prove stronger network use or fundamentals.

He further said that sitting close to networks such as Solana and Hyperliquid by market cap does not mean Zcash offers similar real-world use.

Wang Questions Zcash’s Early Token DistributionWang’s main criticism is not simply that Zcash’s price is too high. His argument is that ZEC’s market ranking has risen much faster than the actual strength and use of the network.

One of his biggest concerns is how Zcash was funded during its early years. Wang pointed to the 20% Founders’ Reward that was taken from every block reward during the first four years.

That allocation amounted to about 2.1 million ZEC, equal to 10% of the 21 million maximum supply, and went to founders, employees, advisors, and early investors. After that system ended, a similar share later returned through a development fund.

Zcash’s latest rally is a narrative bid. A big market cap does not mean a coin earned its place. Sitting near Solana and Hyperliquid on a ranking list does not mean Zcash does what those two do.

The launch was not fair. For the first four years, 20 percent of every block reward… https://t.co/g1PNEKWCNr

— Chun (@satofishi) September 8, 2026 Wang argues that this history makes it difficult to compare Zcash with Bitcoin’s mining reward model.

Governance and Security Add to the DebateWang also raised concerns about Zcash’s governance and privacy model. The project has faced disputes involving the Electric Coin Company and Zcash Foundation, while the entire ECC team left in January 2026.

He also pointed to a vulnerability in the Orchard shielded pool that was disclosed in May 2026 after reportedly existing for around four years. 

Developers found no evidence that counterfeit ZEC had been created, while the later Ironwood upgrade closed the old pool.

For Wang, these issues matter because Zcash’s valuation has now reached levels comparable to major networks. 

Story Ends Here

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While Bitcoin is trading sideways in a certain range in the cryptocurrency market, some altcoins are attracting attention with their gains. One of these altcoins is the privacy-focused Zcash.

According to analysts, ZEC’s recent sharp rise is due not to a single development, but rather to a combination of factors including the ETF effect, a resurgence in interest in privacy-focused cryptocurrencies, and the squeeze on short positions created by leveraged trading.

However, F2Pool co-founder Chun Wang questioned ZEC’s rise. According to Wang’s assessment, a significant portion of the rally stems from temporary factors such as market narrative, speculative demand, and short squeeze, rather than fundamental usage growth.

“The Rise of ZEC is Entirely Narrative-Driven!” F2Pool co-founder Chun Wang, in statements made via X, claimed that Zcash’s recent rise is largely narrative-driven.

According to Wang, a crypto asset reaching a high market capitalization doesn’t necessarily mean it deserves its current market ranking.

Wang noted that Zcash’s ranking alongside projects like Solana and Hyperliquid in market capitalization doesn’t necessarily mean it has a similar level of real-world usage to those networks.

According to him, ZEC cannot compete with a top 10 network by market capitalization due to reasons such as unfair token distribution, governance issues in the Zcash ecosystem, high compensation claims against the team and developers, prolonged operational conflicts, and a security vulnerability in the Orchard privacy pool that allegedly existed for about four years.

However, Wang added that Solana and Hyperliquid each have their own points of criticism and have achieved real use cases, while ZEC has only seen price increases linked to exchange listings and short squeeze, and this should not be equated with real-world use.

*This is not investment advice.

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Zcash (ZEC) Rockets 2,200% as Privacy Coins Become Crypto’s Biggest Outlier

9h35 ▪ 5 min read ▪ by Luc Jose A.

Summarize this article with:

On September 6, the open interest of altcoins surpassed that of bitcoin. This is a first since December 2024. Such a shift confirms the rise of leverage on Zcash, XRP, and Solana. However, this is not enough to announce an altseason.

In brief The open interest of altcoins surpasses that of bitcoin for the first time since December 2024. Bitcoin still represents nearly 37% of the open interest of perpetual contracts. Zcash, XRP, and Solana concentrate a notable share of the leverage increase. ZEC reaches nearly 2.4 billion dollars in open interest after a strong price surge. The rise in leverage increases the risk of chain liquidations on altcoins. Leverage shifts towards altcoins Now, perpetual contracts on altcoins represented a higher value than contracts on bitcoin. The open interest of BTC was close to 23.9 billion dollars, or 37% of the total observed.

Indeed, open interest determines the value of derivative contracts that remain open. It increases when new positions emerge and decreases if traders close their contracts and face liquidations. Unlike volume, it does not count exclusively the transactions executed during a period.

Four elements are necessary for interpreting this shift :

Altcoins surpass bitcoin for the first time since December 2024 ; Bitcoin retains about 37% of the open interest of perpetual contracts ; Ethereum, Solana, XRP, and Zcash concentrate a significant part of the rest ; An increase in the indicator counts both long and short positions. The bullish scope of the signal is limited by this last point. Thus, altcoins’ open interest reveals that traders are taking more risks on these cryptos. It does not allow to know whether the majority anticipates a rebound or a drop.

Its value expressed in dollars can also evolve mechanically when asset prices increase. It is therefore necessary to compare its progression with prices, funding rates, and spot market volume.

Zcash concentrates part of the speculation The most spectacular case is represented by Zcash. At the beginning of this September, ZEC’s open interest approached a record close to 2.4 billion dollars, according to reported data. Meanwhile, the crypto rose 134% in one month to temporarily exceed 1000 dollars.

Such progression caught many short sellers off guard. Nearly 34 million dollars of short positions were liquidated during the crossing of the 1000 dollar level on September 4.

Many positions remain heavily exposed. On Hyperliquid, a short position opened by trader Garrett Jin around 444 dollars revealed an unrealized loss of 25.7 million dollars. Another seller risked liquidation when ZEC approached 1317 dollars.

XRP and Solana also contribute to the increase in altcoins’ open interest. However, available statistics do not allow to truly attribute each asset’s contribution to the general surpassing of bitcoin.

The movements can be amplified by such concentration. A quick rebound forces sellers to repurchase their positions, supporting prices. Conversely, a drop can cause chain liquidations among buyers.

The market has not yet entered altseason However, it should be noted that the 2024 precedent invites caution. At the conclusion of the last surpassing of bitcoin by altcoins, many mid-cap cryptos suffered major corrections. This succession does not prove that the open interest shift systematically triggers a drop.

The altcoin market, however, holds lower liquidity. A significant liquidation can therefore weigh more on their price than on bitcoin’s, especially if order books cannot absorb forced sales.

Other indicators do not yet attest to a global altseason. The Altcoin Season Index was at 43 at the end of August, while Blockchain Center sets the confirmation threshold at 75. Moreover, global interest in the term “altcoin” was only around 26 out of 100 on Google Trends.

Bitcoin also maintained a dominance close to 59.2% of the crypto market. Also, altcoins outside the top 10 had admittedly gained more than 10% since the beginning of September, with a valuation above 200 billion dollars. However, this growth remained concentrated on a limited number of cryptos.

Liquidations, funding rates, and spot volumes will now determine the movement’s solidity. A rise supported exclusively by leverage would remain vulnerable to a brutal correction.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

A major account on Hyperliquid has recorded an estimated $25.7 million in unrealized losses after Zcash (ZEC) surged above $1,200. On-chain analyst Ember assessed the position on September 7, following significant price action in ZEC.

Whale short faces huge loss as ZEC ralliesThe wallet opened a short position of 32,760 ZEC in early July 2026 at an average entry price near $444. Since then, Zcash has rallied from roughly $400 to over $1,200, marking an increase of about 170% within two months.

At the $1,200 level, the difference between the entry price and the current market price puts the unrealized shortfall at approximately $24.8 million. Ember’s snapshot suggests ZEC was trading closer to $1,228 when the $25.7 million loss was recorded, reflecting further pain for the open position.

ZEC has climbed above $1,200, causing the largest open short on Hyperliquid to post an unrealized loss exceeding $25 million. The position, opened at $444, has been squeezed over several months as ZEC more than tripled in price.

Ember, whose on-chain research tracks large traders and whale entities, linked the wallet to Garrett Jin. However, this attribution has not been independently confirmed. No signed message or public statement from Jin is available, and the information currently relies solely on Ember’s assessment.

Contrasting outcomes in Bitcoin longWhile the ZEC short position remains deep in the red, the same wallet also holds a long position in Bitcoin with a notional value around $107 million. This Bitcoin trade posted an unrealized gain of $4.42 million at the time of assessment.

The account has paid about $2.05 million in funding fees on the Bitcoin long, reducing the effective profit from the position. Combining both positions, the ZEC losses far outweigh the Bitcoin gains, and the net result at the snapshot remains negative.

These numbers do not reflect the account’s overall trading history, as the calculation excludes previous trades, deposits, or withdrawals that have been closed or moved elsewhere.

Although the Bitcoin long offsets some losses, the ZEC short has driven the wallet’s overall balance significantly into negative territory for this period.

ETF conversion and institutional demand drive ZEC priceMarket observers attribute Zcash’s breakout to increased institutional interest. Grayscale recently converted its Zcash Trust into an exchange-traded fund (ETF) under the ticker ZCSH, which began trading on NYSE Arca on August 25.

Grayscale’s new ETF charges a 2.5% annual sponsor fee. Following the ETF launch, ZEC hovered around $855 before climbing above $1,000, with reported exchange volumes exceeding $1.2 billion in a single day.

This surge in demand, driven by spot buying, derivatives trading, and short covering, has propelled ZEC into the top market cap ranks. However, no one factor has been confirmed as the sole reason for the rally.

The whale’s ZEC short is still open, with no liquidation price available from Ember’s data. As long as ZEC maintains or increases its value, the notional loss and required collateral for the position will grow. A reversal in the ZEC price would reduce these losses and could push part of the position back towards profitability.

Given the impact of rapid price changes and major news such as ETF launches, traders are paying close attention to collateral levels, ZCSH ETF flows, and open interest in ZEC derivatives. In a market where a single Fed decision or an unexpected altcoin listing can transform conditions within seconds, switching between multiple applications for charting, news, and portfolio data often costs investors money. Smart traders increasingly use privacy-first solutions like CryptoAppsy to streamline everything in one interface, offering real-time charts, smart alerts, coin-specific news, and macro insights without requiring any registration.

As ZEC’s trajectory draws market-wide attention, analysts continue monitoring the whale’s positions and related market signals for the next potential move.

MarketsPublishedSep 7, 2026

ZEC gained 45% over the past week, extending its rally since Grayscale converted its Zcash Trust into an ETF that began trading Aug. 25.

Zcash (ZEC) climbed to its highest price since 2016, extending a rally that has pushed the privacy-focused cryptocurrency’s market capitalization above $20 billion.

ZEC reached $1,249.28 before retreating to about $1,195 on Monday, according to CoinGecko data. The token gained about 45% over the past week and 138% over 30 days.

The rally leaves Zcash below its launch-era record. CoinGecko lists an all-time high of $3,191.93 on Oct. 28, 2016, when only a small supply of tokens was available.

Zcash allows users to choose between public and “shielded” transactions. The latter uses zero-knowledge proofs to verify payments without revealing the sender, recipient or transaction amount.

“For users that prioritize privacy, this could become a ‘must have’ feature,” Grayscale’s head of research, Zach Pandl, said in an Aug. 31 analysis.

Pandl said that AI could increase demand for financial privacy by making it easier to link public blockchain transactions to users’ identities.

Zcash has been on a tear since Grayscale converted its existing Zcash Trust into an exchange-traded fund. The product, trading under the ticker ZCSH, began trading on NYSE ARCA on Aug. 25, giving investors exposure to ZEC through brokerage accounts.

The ETF closed Friday at $83.77 a share, with $463.2 million in assets under management, according to the fund’s website. US markets are closed Monday for the Labor Day holiday.

This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Zcash price traded near $1,197 on Sept. 7 after gaining roughly 43% over the week, as its breakout above $1,000, ETF demand, and short liquidations fueled the rally.

Summary

Zcash price gained about 43% from its Sept. 1 opening price of $829.69. The daily Supertrend remains bullish, with its trailing support near $934. 4-hour Bollinger Bands place immediate resistance around $1,273 and support near $1,098. Liquidation clusters near $1,240 and $1,260 could shape ZEC’s next move. Zcash price holds above $1,190 after 43% rally According to data from crypto.news, Zcash (ZEC) price traded near $1,197 on Sept. 7 after one of its strongest weekly advances in recent history. The privacy coin rose by about 43% from its Sept. 1 opening price of $829.69, outperforming several major crypto assets during the period.

The rally accelerated after buyers cleared resistance near $888 and pushed ZEC through the psychological $1,000 level on Sept. 4. Price later reached an intraday high of approximately $1,230 before easing as traders took profits.

The daily chart shows ZEC opening Sept. 7 at $1,227.59 before retreating by about 2.5% to $1,197.14. Despite the pullback, the token remains well above its recent breakout zone and the daily Supertrend level at $934.49.

Zcash price daily chart — Sep. 7 | Source: crypto.news Chaikin Money Flow stands at 0.31 on the daily chart. A positive reading indicates that buying pressure continues to outweigh selling pressure, although the vertical nature of the advance raises the risk of wider price swings.

US-listed ETF and short squeeze support ZEC The rally followed Grayscale’s conversion of its Zcash Trust into the ZCSH exchange-traded fund. The product began trading on NYSE Arca on Aug. 25 and became the first US-listed exchange-traded product dedicated to ZEC, according to Grayscale.

ZCSH opened a regulated brokerage route for US investors seeking exposure to Zcash without holding the token directly. Grayscale reported more than $400 million in fund assets after the launch, although part of the increase reflected ZEC’s rising market value rather than new capital alone.

Derivatives positioning amplified the spot-led move. ZEC’s break above $1,000 reportedly liquidated approximately $34.5 million in short positions within 24 hours, forcing bearish traders to repurchase contracts as prices climbed. Open interest also rose from around $1.6 billion to more than $2.4 billion during the broader advance.

Higher open interest shows that traders are adding leveraged exposure, but it does not identify whether those positions are bullish or bearish. The combination of rising leverage and thinner order books can intensify moves in either direction.

Demand for Zcash’s privacy features has provided another part of the market narrative. Earlier crypto.news reporting showed that roughly 30% of the circulating supply had moved into shielded pools by May, while shielded transactions accounted for 59.3% of activity.

ZEC faces resistance between $1,240 and $1,273 The 4-hour chart shows ZEC consolidating after its near-vertical advance. Price remains above the Bollinger Band midpoint at $1,097.81, while the upper band stands at $1,272.67.

Zcash price 4-hour chart — Sep. 7 | Source: crypto.news A 4-hour close above $1,273 would indicate that buyers have absorbed the latest profit-taking. Such a move could clear the path toward $1,300 before traders test the larger $1,500 target.

The Average Directional Index is at 52.94 on the 4-hour timeframe. Readings above 25 generally indicate a strong trend, meaning the existing bullish move retains momentum. ADX measures trend strength rather than direction, however, and does not rule out a sharp correction.

The 24-hour liquidation heatmap places the nearest large overhead liquidity concentrations around $1,235–$1,245 and $1,258–$1,265. A break into those areas could force remaining short positions to close, adding market buy orders.

Zcash liquidation heatmap | Source: CoinGlass Downside liquidity has accumulated around $1,160–$1,168, followed by clusters near $1,148–$1,153 and $1,134–$1,140. Losing $1,160 could therefore produce a quicker drop as leveraged long positions come under pressure.

The 4-hour Bollinger midpoint near $1,098 is the next broader support. A sustained move below that level would weaken the immediate trend and expose the former $1,000 breakout area. Daily Supertrend support near $934 remains the main bullish invalidation level.

Analyst sees $1,500 after pennant breakout Team LAMBO Charts described ZEC’s move as a breakout from a large bullish pennant that had contained price for several months. The analyst said the original $1,000 objective had already been exceeded and identified $1,500 as the next major target.

The projection represents an advance of about 25% from the current price. Reaching it would require ZEC to break the $1,240–$1,273 resistance region and establish support above the recent high.

The bullish structure would remain intact while ZEC holds above its breakout levels, according to the analyst. Failure to defend $1,098 would instead suggest that momentum is cooling and raise the risk of a retest of $1,000 or $934.

US investors also face risks beyond the chart. Zcash remains more volatile than larger cryptocurrencies, and the rapid expansion in derivatives exposure may leave the market vulnerable to liquidation-driven reversals. ZCSH is also not registered under the Investment Company Act of 1940, according to crypto.news, giving it a different investor-protection framework from a conventional registered fund.

ZEC therefore retains a bullish technical structure, but its next direction may depend on whether buyers can turn the $1,240–$1,273 area into support before leveraged positioning becomes overcrowded.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

From Bitcoin Long to Zcash ShortHigh-volume trader Garrett Jin (@GarrettBullish) has closed out a $105.4 million long position in $BTC and redirected significant capital into a leveraged short on Zcash ($ZEC). According to trade data, Jin liquidated 1,332 $BTC and secured a net profit of $2.7 million before rotating into the privacy-coin sector with an aggressive bearish stance.

The move is part of a broader pattern for Jin, who has repeatedly traded $ZEC from both sides this year. In May, he placed limit orders to short more than $36 million of ZEC, then closed that position on June 7 for a profit of roughly $11.24 million. He flipped short again in early July at $444, and ZEC drifted sideways near $400 for much of the summer.

A Sizable Bet Against a Surging Asset Jin has since increased his Zcash short position on Hyperliquid to 39,760 $ZEC, worth approximately $47.22 million. The original copy puts the market valuation at $46.65 million with a liquidation price of $2,540.28, reflecting a deeply bearish outlook on the token's near-term price action.

The timing of the position carries considerable risk. ZEC went vertical in late August after Grayscale converted its Zcash Trust into ZCSH, the first U.S. spot exchange-traded fund holding the token, which began trading on NYSE Arca on August 25 and reached $414.7 million in assets by September 3. That catalyst sent $ZEC sharply higher, putting pressure on existing short sellers.

On-chain analyst Ember described the address behind the trade as part of a "Garrett Jin whale entity," though this attribution is treated as Ember's assessment rather than an independently established fact. Jin has not publicly confirmed ownership of the wallet.

Whether the trader's bearish conviction ultimately pays off will depend on whether $ZEC sustains its momentum or reverts. For now, the position stands as one of the largest short bets on Zcash on any decentralized venue.

Sources:
Bitcoin.com News: Zcash's $1,200 Push Sustains, Sending Garrett Jin's Short $25.7M Underwater
CoinPedia: Zcash Price, Garrett Jin Adds to $47M Losing Short Position

THE STREET: Zcash hits highest price since 2016 as shorts face millions in paper losses

After an aggressive breakout that took Solana from about $76 to a local high of about $110 in less than two weeks, Solana is currently going through its first significant correction. With the asset currently trading close to $99.43, the psychologically significant $100 level is under immediate pressure. 

Solana's strength is underestimatedSolana's overall technical structure is still much stronger than it was prior to the breakout, notwithstanding the correction. SOL successfully recovered the 200-day EMA, which is currently at $90.47. It is still significantly higher than the 50-day and 100-day averages, which are at roughly $83.47 and $82.17, respectively.

SOL/USDT Chart by TradingView HOT Stories

Additionally, the 20-day EMA has accelerated to $92.09. Because of this, the most crucial structural support in the event that $100 fails is the $90–$92 region. Instead of total invalidation, a correction in this area would still be considered a retest of the breakout. But momentum has drastically decreased. 

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After hitting extremely overbought territory during the rally, the RSI has dropped to roughly 62. If buyers stabilize the price, that normalization is beneficial, but further selling below $98 may pave the way for $95 and ultimately $92. On the plus side, before another attempt at the $110 local high becomes feasible, SOL needs to recover $102–$104. 

A breakout above $110 might reopen the route toward $115–$120 and leave comparatively little immediate resistance. SOL is still technically bullish for the time being, but whether the market sees a shallow consolidation or a much deeper retest depends on the struggle for $100. 

Hyperliquid is consolidatingFollowing one of its biggest rallies of the year, Hyperliquid is still consolidating near its recent highs. HYPE is currently trading at $81.57, which is between five and six percent below its most recent peak of $86 to $87. HYPE has not given up much ground, which is a significant distinction from many post-rally corrections. 

Rather, the price has settled into a narrow range between $80 and $85, indicating that sellers have not yet been able to generate a significant reversal. Additionally, all of the chart's major moving averages are still significantly below HYPE. 

HYPE/USDT Chart by TradingViewThe 50-day and 100-day averages are at roughly $63.98 and $62.83, respectively, while the 20-day EMA has risen to about $73.38. The 200-day EMA is still at $55.24, which is significantly lower. Strong momentum is confirmed by that separation, but if the current consolidation breaks, there is room for declines. 

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The immediate support is $80. If that level is lost, HYPE may move toward $77–$78, then the quickly increasing 20-day EMA at $73. On the other hand, holding onto $80 preserves the current bullish structure. 

Without generating a bearish momentum reading, the RSI has cooled to about 64 from overbought territory, reducing some of the excess created by the breakout. The $86–$87 peak would come back into focus with a recovery above $84–$85. After overcoming that obstacle, $90 would be the next psychological target; if momentum increases once more, $100 could still be reached.

Zcash is stronger than others Despite starting to cool off following its most recent vertical expansion, Zcash is still in a very strong technical position. After a rally that raised the asset as high as roughly $880–$890, ZEC is currently trading at $811. 

ZEC/USDT Chart by TradingViewThe breakout's magnitude is noteworthy. ZEC consolidated between $450 and $520 for the majority of August before quickly clearing $600 and then accelerating through $700 and $800. The breakout involved significantly more participation than the previous consolidation, as evidenced by the move's significant increase in volume. 

On the other hand, the short-term outlook now indicates consolidation. ZEC has produced multiple large upper wicks as it has repeatedly failed to establish itself above the $850–$880 resistance zone. There are still buyers in the $780–$800 range, but neither side has taken firm control. 

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Additionally, momentum is normalizing. In contrast to the highly overbought readings during the initial breakout, the RSI has dropped toward 66.7. Without harming the larger bullish structure, this cooling can assist ZEC in building a stronger base. The first significant support is located between $775 and $780. 

Below it, $750 becomes significant, and the quickly rising 20-day EMA around $703 comes next. Even if there was a significant correction toward $700, ZEC would still be well above its longer-term moving averages.

Bulls must eventually break the recent $880–$890 peak and recover $850 to continue. By doing this, the psychological $900 level would be activated right away, followed by $1,000. ZEC is still bullish for the time being, but consolidation around $800 is becoming more crucial following such a sharp rise.

Filecoin shines unexpectedly After months of being in a persistent downtrend, Filecoin is attempting to establish its first convincing short-term reversal. After a strong recovery from roughly $0.65, FIL is currently trading close to $0.77. 

More significantly, the most recent move has pushed the price back above the 50-day and 20-day moving averages, with a current position between $0.716 and $0.717. The 100-day EMA in the vicinity of $0.774 is the immediate challenge.

FIL/USDT Chart by TradingViewThe $0.77–$0.80 region is the crucial technical barrier since FIL is currently actively testing this level. Buyers need an actual daily close above this area rather than another brief spike, because previous attempts to move above $0.80 during August were swiftly rejected. The recovery thesis has some backing from volume. 

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Recent upside sessions have seen a sharp increase in trading activity, indicating that the move is drawing participation rather than growing only from thin liquidity. Concurrently, the RSI has increased to about 58, providing FIL with positive momentum without putting it in overbought territory. 

The path toward $0.85 could be opened by a confirmed breakout above $0.80, with the next significant structural obstacle being the much larger 200-day EMA around $0.93. If FIL fails at $0.77–$0.80, it would be open to another move toward $0.72. 

The recovery would be significantly weakened if the moving-average cluster there were to give way, and $0.65–$0.67 would once again come into focus. Unlike ZEC, FIL has not yet confirmed a wider trend reversal, but it is exhibiting a respectable improvement.

a16z’s AI bet pays off: Two investments in Cursor and OpenRouter valued at over $8 billion

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20 minutes ago

Unrealized profit from a smart money address’s ZEC holdings has exceeded $10 million, pushing its cumulative returns to $11.37 million.

According to monitoring by ai_9684xtpa, the smart money address yixie10, which deployed roughly $20 million into long ZEC positions, has expanded its cumulative ZEC trading profits to approximately $11.37 million. On September 4, when ZEC traded at around $985, this address held an unrealized profit of about $8.465 million. ZEC’s price has since risen by roughly 22%; if its position size remains unchanged, the unrealized profit is expected to further expand to around $10.34 million. Adding the previously realized profit of approximately $1.038 million, the address’s total gains from this single ZEC trade are likely to once again exceed $10 million.

20 minutes ago

Hong Kong stocks closed, with the Hang Seng Index down 0.93% and Zhipu dropping 5.3%.

Hong Kong stocks closed lower, with the Hang Seng Index down 0.93% and the Technology Index falling 0.92%; Zhipu (02513.HK) dropped 5.3%.

20 minutes ago