Zcash jumps 20% to landmark $1,000 level as short sellers lose $34 million

ZEC briefly traded above $1,020 as a sharp rally forced traders betting against the token out of leveraged positions.

• Zcash surged about 20 percent Friday, briefly topping $1,000 as its market value approached $17 billion.
• The rally liquidated about $36.6 million in leveraged positions, including $34.5 million in bearish bets, potentially adding momentum as traders bought tokens to close their shorts.
• Zcash has gained about 94 percent over the past month and more than 2,300 percent over the past year, making it one of the strongest-performing major cryptocurrencies.

1. 1 There's an election next month: State of Crypto 47 minutes ago
2. 2 Crypto poured years into new products. The next challenge is keeping users 5 hours ago
3. 3 The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking 6 hours ago
4. 4 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 1 day ago
5. 5 Crypto job postings triple to over 1,200 in September, but applications fall 1 day ago
6. 6 Cathie Wood says smart investors need to start watching where AI agents spend money 1 day ago
7. 7 Crypto's Sisyphean struggle 1 day ago
8. 8 BlackRock offers a glimpse of how tokenization may change your investment portfolio 1 day ago
9. 9 Bank group sues U.S. regulator over granting crypto trust charters 1 day ago
10. 10 BNY in talks with Kraken parent Payward over infrastructure partnership 2 days ago

The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Cathie Wood says smart investors need to start watching where AI agents spend money

U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%

Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%

Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.