Zcash stays green during Bitcoin selloff
Zcash traded higher over 24 hours as Bitcoin fell about 5% and Ether and Solana lost more than 5%. ZEC continued to outperform the major coins during the selloff.
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Zcash traded higher over 24 hours as Bitcoin fell about 5% and Ether and Solana lost more than 5%. ZEC continued to outperform the major coins during the selloff.
Security Alliance estimates Binance's attackers had access to its systems for roughly eight weeks before the October 29 hack. The theft reportedly totaled $6.3 billion.
A final Labor Department rule easing access to crypto and other alternative assets in 401(k) plans reached White House review on November 5. It still needs to clear review before publication; retirement accounts can already hold crypto ETFs.
China's central bank and local authorities halted Solana's Shanghai advertising and planned events, citing restrictions on crypto marketing. Authorities will investigate the domestic entities and individuals involved.
Zcash activated NU7 on mainnet, cutting target block times from 75 to 25 seconds. The upgrade also reduces wallet scanning work for private ZEC payments.
Kalshi launched US single-stock perpetuals with up to 5x leverage and 24/5 trading. Familiar stock contracts could give new traders a route into Bitcoin and Ether perpetuals.
NEAR fell 9.2% over 24 hours and dropped out of the top 20 cryptocurrencies by market cap. Traders are watching $3.45 support and a possible retest of the weekly level and 200-week moving average near $3.
Ether faces resistance near $2,350, with traders watching support around $2,150. Three Hyperliquid longs worth $128.9 million have estimated liquidation levels between $2,126 and $2,147, though cross-margin changes could shift those levels.
Nigeria's stablecoin rules took effect November 5, banning algorithmic tokens and issuer-paid yield and requiring full backing plus a 2% reserve buffer. Issuers must incorporate locally and obtain the relevant central bank license, with existing operators given 180 days to comply.
HYPE traded at $76, extending its drop below $80. Trader Mercury closed a position at a loss after the token failed to make a higher high following a trend reclaim.
Eligible U.S. Galaxy users can buy, hold and send USDC on Solana through Samsung Wallet, with bank payouts available in over 60 countries. Bastion runs the custody service, with Coinbase holding the USDC as sub-custodian.
Robinhood Chain's weekly fees fell from $30.8 million for the week of August 31 to $291,000 for the week of October 26. In Q3, it generated 66.8% of Uniswap's fees on 37.7% of its volume, with launch tokens trading in high-fee pools.
SOL traded around $90 after slipping below that level. Spot buying appears to be holding up against selling in perpetual futures.
Canary's staked Injective ETF began trading on Nasdaq under INJC. The fund plans to stake at least 90% of its INJ, with net staking rewards reflected in its net asset value.
Gnosis Pay detected unauthorized access to its legacy branded-card system on November 3 and began containment within two hours. Funds and its enterprise platform were unaffected; users report exposed home addresses, card numbers and linked wallet addresses.
Former FBI agent Patrick Steven Yaroch pleaded guilty to wire fraud and money laundering after stealing about $2.47 million in crypto using credentials obtained through investigations. Sentencing is scheduled for March 4, 2027.
World Liberty Financial announced a new WLFI buyback program. Fees from USD1 stablecoin reserves are among the potential funding sources.
Russia approved retail trading in Bitcoin, Ether and USDT, with a reported annual cap of $3,700 per intermediary. Public trading is slated for November 17, with Moscow Exchange and Sberbank targeting December 1.
Gopax suspended deposits, normal withdrawals and all trading after receiving an extortion email threatening a cyberattack. The exchange is moving customer assets to cold wallets and has announced no restart date.
Strategy’s STRC closed at $99.56 and reportedly regained $100 par afterward. A return to par would meet the price floor for new share sales to fund Bitcoin purchases, but resumed issuance remains unconfirmed.
Bitcoin's Fear & Greed Index fell to 28 and Ethereum's dropped to 34, putting both in fear territory.
Meta, Palantir and three other issuers joined the objections to OKXICE tokenizing their shares, bringing the total to 67. OKXICE and its affiliates also will not supply liquidity for the planned market, leaving outside investors to fund its pools.
TeraWulf plans to exit Bitcoin mining by year-end after Q3 output fell 22% to 377 BTC. Mining revenue dropped 69% year over year to $13.2 million; computing leases generated $63 million, or roughly 83% of total revenue.
Mezzanine launched Hastra Optimizer, which loops loan-backed assets through DeFi borrowing. Junior depositors absorb losses before senior depositors, with yields varying by tranche and borrowing rates.
A whale inactive for more than a year withdrew 3,009 BTC worth roughly $228 million from Binance over about a day. The transfers alone do not establish when the Bitcoin was bought.