Zcash retreats after a month of strength
Zcash is retracing after a month of relative strength against a falling altcoin market. TheFlowHorse disclosed a short opened November 9, betting ZEC catches up with Bitcoin's decline.
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Zcash is retracing after a month of relative strength against a falling altcoin market. TheFlowHorse disclosed a short opened November 9, betting ZEC catches up with Bitcoin's decline.
Bitcoin is retesting the volume-weighted average price anchored to its bear-market lows. A break would put the average buyer since those lows underwater, with $68,000 cited as a possible next support test.
Two Hyperliquid accounts tracked by Lookonchain now have no open perpetual positions after a remaining 56,667 ETH long was liquidated following a partial exit. Their $44.8 million lifetime loss includes more than the final liquidation.
An upcoming NYSE-affiliated tokenized securities platform will use Avalanche technology for its core clearing and settlement ledger. The platform plans 24/7 trading of equities issued across multiple blockchains, subject to regulatory approval.
MARA sold 13,597 BTC for $1.1 billion after quarter-end and used $750 million to fully repay its Bitcoin-backed term loans. It plans further BTC sales to fund AI infrastructure and next year's convertible-note puts; under 5% of its Bitcoin is now loaned or pledged, down from 57% at Q3-end.
Onchain Lens estimates attackers behind the earlier $6.34 billion Binance hack may have moved or laundered $891 million, with transfers through THORChain continuing over the past two to three days. It estimates $2.85 billion remains under attacker control and $2.6 billion has been frozen.
HYPE fell nearly 18% over the week, underperforming Bitcoin and Ether. Hyperliquid's daily fees recovered to $3.38 million on November 9 from $1.24 million on November 7.
MEGA committed $30 million from its treasury to build products on MegaETH, starting with an AI inference marketplace planned for December. The entity has no equity owners and will retain MEGA as its sole token.
Vitalik Buterin argued on November 8 that Ethereum should focus more on ETH as a store of value than on maximizing fee burns. His case centers on Ethereum’s security, decentralization and resistance to outside control.
Slingoor earned over $659,000 from Pump.fun's Callout Rewards, including more than $300,000 in the past 30 days. Traders say he may no longer receive payouts.
Goldman Sachs, Citi, Santander and Deutsche Bank are among financial firms reportedly committing roughly $270 million to a joint US dollar stablecoin venture. The funding commitment spans five years.
Grayscale ran front-page and inside-page Wall Street Journal ads promoting Zcash and its ZCSH fund; ZEC fell roughly 10% that day. Grayscale also committed all ZCSH sponsor fees to the network and pledged $1 million to ecosystem groups, including $400,000 already awarded.
SOL touched $82.37 on Coinbase, down 22.9% over 28 days against Bitcoin's 12.1% decline. Traders now point to $82 support and $98 resistance after the token fell through the earlier $85 level.
BlackRock says large Bitcoin holders have exchanged about $3.6 billion in directly held BTC for IBIT shares through in-kind conversions. Security and peace of mind are their leading reasons.
Strategy raised $283.8 million through common-share sales, spending $81.9 million on 1,036 BTC and $188.3 million on STRC preferred-share buybacks. Its Bitcoin holdings reached 850,364 BTC as of November 8.
Bitcoin and Ethereum Fear and Greed Index readings both stand at 32, in fear territory.
Bitcoin ETFs saw roughly $200 million in net outflows on November 9, taking withdrawals since October 30 to about $2.1 billion. BlackRock moved around 2,850 BTC from IBIT wallets to Coinbase Prime.
Square enabled Bitcoin payments for all eligible US merchants through Lightning. Merchants receive dollars by default or can retain Bitcoin, with processing fees waived through 2026 and a 1% fee scheduled afterward.
Kazakhstan's central bank invested $190 million of its $700 million crypto reserve in funds and digital-asset ETFs. The allocation includes about $100 million in crypto funds and $90 million in Bitcoin ETFs.
Miami-Dade property owners can now pay taxes in Bitcoin online or in person. A third-party processor converts payments to dollars immediately, so the county holds no Bitcoin; payments by November 30 still qualify for the 4% early-payment discount.
Bitcoin trades only modestly above its November 10, 2021 peak of $69,000, five years later. It is also down about 30% over the past year.
Cosmos and the Interchain Foundation contributed IBC to Linux Foundation Decentralized Trust on November 9. Cosmos Labs remains a maintainer alongside OpenZeppelin and Datachain.
PEPE gained 8% on the day despite the post-CPI crypto selloff and moved within roughly 10% of SHIB's market cap. Traders still want it to reclaim weekly resistance before calling a longer-term reversal.
Pump.fun added limit orders, TWAPs, cross margin and margin controls to its Hyperliquid-powered perpetuals service. Cross margin shares collateral across positions, so losses on one trade can weaken the backing for others.
Across is investigating a domain security issue and warned users not to visit its app, connect wallets, or sign transactions or approvals. The effect on smart contracts and bridging operations remains unclear.