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Zcash (ZEC) surged about 19% Thursday to trade near $1,490, forcing $56 million of leveraged bets shut after Paradigm disclosed it owns the privacy token. Key Points: Zcash climbed about 19% over 24 hours, far outpacing Bitcoin and Ether. Paradigm co-founder Matt Huang said the firm holds ZEC and ca

Key Points US Treasury's OFAC designated BitBank as a priority Iranian digital asset target today. The action is part of Operation Economic Outcast, targeting Iran's crypto-based sanctions evasion. BitBank joins a broader list of Iranian entities using digital assets to circumvent US sanctions. The

U.S. spot Bitcoin ETFs recorded about $450.4 million in net outflows on Sept. 15, their biggest daily withdrawal since June, while Bitcoin (BTC) slid toward $75,000. Key Points: U.S. spot Bitcoin ETFs lost about $450.4 million on Sept. 15, reversing the previous session’s inflow. Fidelity’s FBTC and

The Bitcoin (BTC) network hashrate sits about 50% below its growth trend after a six-month decline, while miners redirect power and capital toward more lucrative AI infrastructure. Key Points: Bitcoin hashrate is about 50% below trend after its first six-month decline since China’s 2021 mining ban.

Bitcoin (BTC) spot ETFs posted $450.4 million in net outflows Tuesday as Bitcoin fell 2.5% and U.S. crypto legislation stalled in the Senate. Key Points: U.S. spot Bitcoin ETFs lost $450.4 million on Sept. 15, their largest daily outflow since June 24. Fidelity led withdrawals with $214.8 million fr