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Руководитель отдела исследований компании Galaxy Digital Алекс Торн (Alex Thorn) скорректировал свой прогноз курса биткоина. До сих пор аналитик думал, что к концу года первая криптовалюта будет стоить $185 000.

Мэр Майами Фрэнсис Суарес (Francis Suarez) рассказал, что его биткоины, полученные с 2021 года как зарплата, сейчас стоят в три раза больше, чем четыре года назад. Однако мэр-республиканец не назвал точное число своих биткоинов.

Полиция Москвы задержала трех молодых мужчин, подозреваемых в краже невзаимозаменяемых токенов (NFT) на 60 000 рублей и вымогательстве криптовалюты у 16-летнего блогера.

Stay Ahead with the Latest Insights of Today’s Trump Crypto News

Check out our Live Trump Crypto Updates for November 6, 2025!

US President Donald Trump is probably the most pro-crypto president in the world.

To name a few crypto initiatives proposed under his admin: the GENIUS and CLARITY acts, the crypto 401k initiative, the national US Bitcoin Reserve, and Trump’s dream to make the US the ‘crypto capital of the world.’

It’s not an exaggeration to call Trump the Crypto President. His Truth Social posts make or break crypto markets, and he’s even launched his own meme coin ($TRUMP).

Best of all, much of the current market’s bullish momentum is due to Trump’s pro-crypto agenda. Bitcoin and top altcoins have peaked thanks to his administration.

If you’re looking for the latest updates on Trump’s crypto policies before the market prices them, you’ve come to the to right place.

We update this page regularly throughout the day with the latest insider knowledge about Trump’s crypto moves. Keep refreshing to stay ahead of the pack!

Disclaimer: No crypto investment comes without risk. Our content is for informational purposes, not financial advice. We may earn affiliate commissions at no extra cost to you.

Trump Crypto Jumps 16% in 24 Hours as Bitcoin Hyper Raises $26M

November 6, 2025 • 10:00 UTC

The Official Trump ($TRUMP) crypto has pumped over 16% in the past 24 hours after breaking its 7-day SMA at $7.59 and 30-day SMA at $6.67.

This enabled the token to reach a high of $8.36 during the past day.

The news was met with a sigh of relief from a market currently in recovery mode after a sharp slide over the past week.

Some traders took the opportunity to buy the dip, which included the Trump crypto.

Meanwhile, others invested in select crypto presales, such as Bitcoin Hyper ($HYPER).

The project promises to add speed and low cost to transactions on the Bitcoin network. Since launching, the Bitcoin Hyper presale has drawn a lot of attention, allowing it to raise $26M and counting.

Learn how to buy Bitcoin Hyper here.

Tangem Launches Virtual Visa Card for Stablecoins, While Best Wallet Plans Crypto Payment Card – Trump Crypto in the Making?

November 6, 2025 • 10:00 UTC

Tangem is launching a virtual Visa card that simplifies stablecoin payments, in collaboration with the US payment infrastructure company Paera.

Tangem Pay will directly connect to Tangem’s hardware wallet, and will be compatible with millions of merchants across the globe. In addition, it will support Apple Pay and Google Pay.

US users can access the card by the end of November, while Latin American, Asian, and European users will have to wait a little longer.

As crypto aggressively moves into retail, crypto payment infrastructure coins are on investors’ radars. A good example is the viral native token presale of the self-custodial crypto wallet Best Wallet, which is close to hitting $17M.

The ecosystem is planning the launch of its crypto payment card Best Card, which will be supported at merchants worldwide that accept Mastercard. But Best Card will be compatible with both crypto and stablecoins, making it a more compelling alternative.

What does that mean for investors?

Read our Best Wallet Token price prediction to find out.

Authored by Ben Wallis, Bitcoinist — https://bitcoinist.com/trump-crypto-news-live-today-2025-november-6

Ripple CEO Brad Garlinghouse moved to puncture speculation that the company’s new US dollar stablecoin, RLUSD, has displaced XRP at the core of the company’s strategy, telling Crypto in America reporter Eleanor Terrett that XRP remains foundational even as it routes transactions over multiple assets depending on corridor economics and customer needs.

Ripple CEO Sets The Record Straight: XRP Vs. RLUSD

In a November 5 interview, Terrett pressed Garlinghouse on social media debates over whether the launch of RLUSD and Ripple’s push beyond cross-border payments have diluted XRP’s role. Garlinghouse’s response was unambiguous: “XRP sits at the center of everything Ripple does.” He framed the recent discourse as a byproduct of “a lot of misinformation and sometimes disinformation in crypto Twitter,” adding that narratives suggesting Ripple has “given up on XRP” “just don’t make sense.”

Garlinghouse situated XRP within a broader, multi-rail payments and treasury stack, pointing GTreasury and Ripple payments. In his telling, the firm’s routing logic is asset-agnostic and driven by corridor specifics—currency pair, liquidity depth, cost, and reliability—rather than ideology. “Some of those go through stablecoins. Some of it goes through XRP,” he said. “We want to deliver the best possible product to a customer at the best price, and sometimes that may be a stablecoin. Sometimes it may not.”

In one of the interview’s most striking disclosures, Garlinghouse said that during the “first part of ’23,” Ripple’s institutional payment activity was significant enough that “Ripple was minting 20 percent of all USDC.” He presented that figure as evidence of a pragmatic approach in which Ripple used what worked for specific institutional flows: “We also used USDC. We also used XRP.” The point, he argued, is that customers buy solutions, not tokens, and the firm’s job is to select the “right technologies” for defined problems. “We are not XRP maximalists. There’s going to be different chains for different solutions and different technologies.”

Garlinghouse tied XRP’s role to its performance characteristics—“very scalable, very fast and very inexpensive on a per transaction basis”—but he avoided absolutism, acknowledging that those attributes make XRP “good for some things and probably less good for other things.”

The presence of RLUSD in Ripple’s toolkit does not negate XRP’s value proposition, he suggested; rather, it expands the company’s ability to optimize routing. In corridors where a fiat-denominated stablecoin provides better pricing or liquidity conditions, flows can shift there; where XRP’s speed-to-finality and low unit costs are decisive, XRP can carry the traffic.

Crucially, Garlinghouse framed market share as secondary to total throughput growth across Ripple’s platforms. He said the objective is to scale from “tens of billions of dollars of payment transactions to hundreds of billions… to trillions,” and that XRP’s success tracks the overall pie. “If XRP doesn’t have 100 percent of that pie, but the pie is growing very quickly, like that’s great. I’m happy. That’s a really good place to be.”

At press time, XRP traded at $2.32.

Криптоаналитик и сооснователь фонда CMCC Crest Вилли Ву (Willy Woo) заявил, что компания Strategy не будет продавать свои биткоины. Вынудит ее это сделать только «чертовски» долгий медвежий рынок.

Quick Facts:

• Bitcoin briefly bounced back above $104K last night and has now entered a stabilization phase as the market added $50B to its market cap.
• Analyst Willy Woo believes we’re two weeks away from a bull rally if Bitcoin retains momentum and starts pushing.
• Bitcoin Hyper proposes a Bitcoin-settled Layer 2 with SVM speed, canonical bridging, and low-fee smart contracts for payments and DeFi.
• The tokenomics focus on development, marketing, and rewards; audits are planned prior to TGE, and a phased roadmap targets mainnet, then listings.

Bitcoin’s relief rally just injected fresh energy into a choppy market. $BTC briefly reclaimed $104K in a brisk squeeze, reigniting risk appetite after weeks of chop, causing a $50B market pump.

Analyst Willy Woo believes that $BTC may be two weeks away from a sustained rally if momentum continues.

Not everybody subscribes to this idea, though. Shawn Young, Chief Analyst at MEXC, thinks Bitcoin’s bounce-back is nothing more than a ‘technically-driven rebound… supported by spot inflows and leveraged short-covering’.

Schroders’ lead analyst, Jiehan Chen, believes this isn’t a problem if Bitcoin maintains sufficient fuel in the tank to close the week above $103K.

At the same time, Bitcoin’s core pain points — throughput, fees, and programmability — haven’t gone anywhere. A venue that can keep users anchored to $BTC’s trust and brand while enabling low-cost smart contracts is exactly what builders keep asking for.

Bitcoin Hyper ($HYPER) aims to do this with a dedicated Layer 2 that uses a Solana-style execution environment for speed, a canonical bridge for secure $BTC transfers, and settlement back to Bitcoin for finality.

That’s why the current bounce is more than vibes for $HYPER. Presales tend to price in narratives early, and an L2 that promises fast payments, cheap DeFi, and familiar dev tooling — while staying $BTC-centric — is exactly what the doc ordered.

Bitcoin Hyper ($HYPER) — A Bitcoin Layer 2 With SVM Speed

Bitcoin Hyper ($HYPER) is pitching a simple trade: keep Bitcoin for settlement, but move execution to a low-latency Layer 2. It integrates the Solana Virtual Machine for high-throughput smart contracts and uses a decentralized canonical bridge to bring $BTC onto the L2 and back out when needed.

For you, that means payments, DeFi, gaming, and dApps that feel fast while staying rooted to Bitcoin’s security model. The whitepaper outlines phased milestones, ranging from presale and staking to mainnet, bridge activation, and subsequently, exchange listings and DAO governance.

The project roadmap below is useful for tracking delivery and catalysts through 2026.

The presale is live with a displayed raise of over $26M and a current token price around $0.013225 at the time of writing.

Buyers can use crypto or a card, and the site shows a countdown to the next price step — that’s the sort of transparency that helps you time entries in tiered sales. The project also runs presale staking with an estimated 45% p/a, credited at the protocol level and redeemable after the claim goes live.

Staking isn’t a free lunch — rates are dynamic — but it provides a measurable incentive while the mainnet and listings line up.

Utility is the bigger hook. If the L2 ships as specced, you’d get SVM-grade performance on a Bitcoin-settled rail. This means builders get Rust/SPL-style tooling and users get low fees for swaps, lending, payments, and gaming.

The canonical bridge model makes $BTC the core asset that moves in and out. This addresses a common ask from Bitcoin holders who want to do more than just hold $BTC.

Based on these specs, a realistic price prediction for $HYPER gives us a $1.50 price point by 2030, for a five-year ROI of 11,242% if you invest today.

Bottom line: in a market that just added momentum back to Bitcoin, a $BTC-native L2 presale with visible traction and a speed-first design could be among the best crypto to buy now, especially with its imminent release window between Q4 2025 and Q1 2026.

If you’re interested in investing in Bitcoin infrastructure, visit the presale page and grab your $HYPER stack today.

This is not financial advice. Always DYOR before investing.

Authored by Bogdan Patru, Bitcoinist: https://bitcoinist.com/bitcoin-50b-market-cap-bitcoin-hyper-best-crypto-to-buy

Председатель Strategy Майкл Сэйлор (Michael Saylor) рассказал, каким образом блокчейн Биткоина отреагирует на экстремальные ситуации, например, длительные перебои с электроснабжением по всему миру.

Федеральный апелляционный суд США отклонил попытку жителя Флориды вернуть биткоины на сумму $354 млн, которые, по его словам, были утеряны, когда власти уничтожили жесткий диск, изъятый при его аресте в 2019 году за подделку документов.

Shiba Inu has been in a state of downtrend recently as the crypto market suffered multiple crashes. Nevertheless, this has not stopped the development and advancement of the cryptocurrency as new updates continue to come out of the community. The latest of these was shared by marketing lead LUCIE, who updated the SHIB community on a major development that could be quite bullish for the Shiba Inu price.

Shiba Inu Makes Grayscale’s Altcoins List

In the post shared on X, LUCIE revealed that the Shiba Inu token had been added in a new report from Grayscale. The report titled ‘Here Comes The Altcoins’ highlights how there are about to be more altcoin-focused Exchange-Traded Products (ETPs) available to investors. This is thanks to a new guidance that was released by the Securities and Exchange Commission (SEC), allowing for a more streamlined process from application to trading.

Shiba Inu joined 13 other cryptocurrencies on the list, with already trading ETPs and those yet to begin trading but are expected to go live soon. The meme coin features under the Consumer & Culture section in the FTSE Grayscale Crypto Sectors framework, showing its appeal to mostly retail investors, as the coin is mostly driven by internet hype.

The feature in the Grayscale report shows that Shiba Inu remains one of the leading cryptocurrencies in the space, as one of only 14 out of millions of cryptocurrencies that are being seriously considered for a more constructive and mature trading vehicle.

LUCIE also explains that the inclusion of Shiba Inu in this report is a testament to the strong foundation of the cryptocurrency. She opines that the vision of Shiba Inu is still very much alive and that the future of the coin remains real.

SHIB ETF Filing Takes Market By Storm

In what has been labeled a historic move, T. Rowe Price, an American investment manager, announced the filing of a Shiba Inu ETF that could change how the meme coin is seen forever. This filing is the first-ever spot Shiba Inu ETF to be filed in the United States, taking SHIB on a similar path to the Spot Bitcoin and Ethereum ETFs already trading in the market.

The asset manager, which has over $1.7 trillion under management, listed Shiba Inu among 13 other cryptocurrencies in what would be its first-ever crypto-focused fund, Reuters reported. This comes as the investment first is said to be looking for new niches to diversify into after securing a purchase agreement with Goldman Sachs that could see $1 billion invested into the company’s funds.

Quick Facts:

• Tangem is launching Tangem Pay – a virtual Visa card that simplifies stablecoin payments around the world.
• Tangem Pay will be available for US users by the end of November, while Latin American, Asian, and European users will be able to access the platform in the next phases of the rollout.
• Meanwhile, self-custodial crypto wallet Best Wallet is close to hitting $17M in its viral token presale, hinting at an explosive launch.

Cryptocurrency wallet provider Tangem announces the launch of Tangem Pay, a self-custodial virtual Visa card that allows users to spend USDC anywhere.

The product of a collaboration with the US payment infrastructure company Paera, Tangem Pay will be compatible with millions of merchants across the globe and directly connect to Tangem’s hardware wallet.

Users can deposit their USDC stablecoins to Tangem Pay via the Polygon network, and use their card anywhere Visa is accepted.

It will also support Apple Pay and Google Pay.

The project’s initial rollout will begin in late November across the US, followed by Latin America, and countries in Asia-Pacific, Europe, the Middle East, and Africa.

Tangem has always been committed to delivering a self-custodial experience to users, removing shady third parties and KYC procedures from the picture.

And yet, Tangem Pay requires KYC, though the company has been careful to emphasize that stablecoin infrastructure company Rain will handle the compliance and settlement side of Tangem Pay.

“If a user is sanctioned or engaged in illegal activity, our regulatory partner — not Tangem — can disconnect the payment card from the payment network. Again, no one has access to the Tangem wallet itself, and Tangem Pay’s KYC has no effect on this,” explains Tangem Pay CEO Marcos Nunes.

The announcement has raised eyebrows and turned eyes to Best Wallet as an alternative for those seeking true anonymity. This new mobile crypto wallet promises no KYC, complete self-custody, and comes with a viral token presale, inviting users to share in its growth.

Best Wallet is Launching a Crypto Payment Card

Best Wallet is a feature-packed, non-custodial wallet that gives holders complete control over their private keys.

Secured with Fireblocks’ MPC technology, the project changes the way we understand wallets, offering an intuitive user experience and much more than just storage.

This includes reduced transaction fees, cross-chain swaps, and exclusive presale access. But perhaps the most anticipated feature is an everyday crypto shopping card.

Similar to Tangem Pay, Best Card will provide a seamless payment experience at merchants worldwide that accept Mastercard.

But unlike Tangem Pay, Best Card won’t be limited to stablecoins. It will offer payments in a wide range of cryptocurrencies.

That’s because Best Wallet is a multi-chain, multi-wallet. That means users just need this single app to transfer assets across top blockchains between multiple wallets. Built-in cross-chain swaps enable seamless conversions between assets without requiring a third-party intermediary, such as a centralized exchange. It’s also fully No-KYC, appealing to the original Tangem promise.

Factoring in these standout features, Best Wallet’s mission to capture 40% of the crypto wallet market share by 2026 is not inconceivable, and you’re invited to stake a claim in that pie.

Read our complete Best Wallet review for more.

Best Wallet Token Presale Nears $17M – The Next Crypto to Explode?

As cryptocurrency moves into retail, platforms like Tangem Pay and Best Wallet are poised to gain the most. From an investor’s perspective, they unlock a vast array of opportunities.

Investors can still snag $BEST tokens – the native cryptocurrency of Best Wallet – at early-bird prices during its ongoing presale.

$BEST tokens fuel Best Wallet’s growing ecosystem, unlocking perks like early access to vetted presales, lower fees, higher staking rewards, and voting rights.

As the native crypto of a thriving ecosystem, $BEST is expected to race up the charts in its debut exchange listing.

Indeed, according to our Best Wallet Token price prediction, Best Wallet Token could climb to $0.072 by the end of the year and cross $0.62 in 2026.

More than just hype, the token’s growth will be underpinned by organic demand from its burgeoning user base, which already numbers in the hundreds of thousands.

All of this positions $BEST as one of the best altcoins to buy now. If you’re interested, you can buy the token for just $0.025905 today, and you’ll also unlock a staking APY of 78%.

For detailed presale instructions, read our ‘How to Buy $BEST’ guide.

Note: The next presale price increase is just a few hours away, and the staking APY will only decrease as more investors join in.

Join the presale early to lock in the best deal.

But as always, do your own research before investing in crypto. This is not financial advice.

Authored by Aidan Weeks, Bitcoinist https://bitcoinist.com/?p=622325&preview=true

 

Платформа YouTube пояснила, что ее обновленная политика в отношении азартных игр не будет вводить полный запрет на контент, связанный с невзаимозаменяемыми токенами (NFT) и токенизированными игровыми активами.

На фоне постепенного сближения рынка традиционных финансов и цифровых монет у биткоина появился «духовный» преемник — анонимная криптовалюта Zcash, заявили аналитики американской финансовой компании Galaxy Digital.

Одна из крупнейших платежных компаний Mastercard, совместно с криптобиржей Gemini, банком WebBank и компанией Ripple, планируют использовать стейблкоины RLUSD на блокчейне XRPL для проведения транзакций с помощью пластиковых карт.

Canada is taking a major step toward with its crypto regulation by tackling fiat-backed stablecoins under its 2025 federal budget, signaling a strategic move to align its digital asset policy with the United States’ GENIUS Act.

The new framework marks the nation’s first comprehensive approach to stablecoin oversight, emphasizing transparency, reserve protection, and financial stability.

According to official budget documents released on November 4, the legislation will mandate that stablecoin issuers maintain full asset reserves, create clear redemption policies, and adopt robust data protection and risk management systems.

The plan aims to boost consumer confidence and modernize Canada’s payment ecosystem as digital currencies become more mainstream globally.

Bank of Canada to Spend $10 Million on Oversight

The Bank of Canada will allocate $10 million over two years, starting in 2026–2027, to implement and supervise the new regulatory framework. Annual costs of approximately $5 million will later be recovered from licensed issuers under the Retail Payment Activities Act (RPAA).

This initiative follows Ottawa’s decision in 2024 to shelve its central bank digital currency (CBDC) project, shifting focus to private-sector innovation under strict oversight.

Regulators say the framework will ensure stablecoins used for payments meet national security and anti-fraud standards, integrating them into the existing financial infrastructure.

Industry figures such as Coinbase Canada CEO Lucas Matheson have welcomed the proposal, calling it a “transformational moment that could redefine how Canadians interact with money and the internet.”

Canada Aligns With Global Crypto Standards

By mirroring the U.S. GENIUS Act and the EU’s MiCA regulations, Canada seeks to be part of global leaders in responsible crypto adoption. The decision comes as the $314 billion stablecoin market grows rapidly, with projections suggesting it could surpass $2 trillion by 2028.

Local players, such as Tetra Digital, backed by Shopify, Wealthsimple, and the National Bank of Canada, are already developing Canadian dollar–backed stablecoins, while global firms, including Western Union, prepare to launch their own Solana-based tokens in 2026.

Analysts believe Canada’s new rules could bridge the gap between innovation and trust, ensuring that stablecoins become a secure and regulated part of the nation’s digital finance future.

Cover image from ChatGPT, BTCUSD chart from Tradingview

В октябре крипторынок столкнулся с рекордными ликвидациями на фоне нового витка торговой войны США и Китая. Многих инвесторов застало врасплох массовое принудительное закрытие позиций. Отчасти это связано с тем, что некоторые трейдеры не до конца понимают как устроена маржинальная торговля.

On-chain data shows that a majority of the USD capital invested in Bitcoin has dipped into losses following the latest market crash.

Majority Of Bitcoin’s Realized Cap Is Now Underwater

As pointed out by on-chain analyst Checkmate in an X thread, Bitcoin’s recent bearish action has put a huge amount of the capital invested into the cryptocurrency in a state of loss. The invested capital here refers to the amount that BTC investors as a whole used to purchase their tokens. This is different from the market cap, which represents the value the holders are carrying in the present.

The invested capital, which is popularly known as the Realized Cap, is determined by adding up the last USD transaction price for all coins in circulation. Not all transfers on the network correspond to a change of hands, but this methodology still provides a decent approximation of the capital stored in the asset.

Now, here is the chart shared by Checkmate that shows how the Bitcoin Realized Cap is distributed across the various price levels:

As displayed in the above graph, the majority of the Realized Cap has a break-even level higher than $100,000. This suggests that most of the capital stored in the cryptocurrency today came in after the bull run in late 2024.

More specifically, approximately 57% of the asset’s invested capital sits above the post-crash prices. Interestingly, while a huge portion of the Realized Cap is now underwater, the actual degree of unrealized loss held by the investors isn’t too big in relative terms.

The total unrealized loss held by the Bitcoin investors stands at $20 billion at the moment, which is equivalent to just 3% of the market cap.

For comparison, dips during the last couple of years have seen losses reach 7% to 8% of the market cap, while past major bear markets have usually started with this metric at more than 10%. Checkmate has highlighted a level past which unrealized losses could blow up for Bitcoin: $95,000. Currently, 63% of the capital invested in the asset has a cost basis higher than this mark.

“$95k is what I believe is the bulls last stand, because as price falls below that level, unrealised losses will swell significantly,” explained the analyst. It now remains to be seen how the profit-loss distribution among the Bitcoin investors will change in the coming days.

BTC Price

Bitcoin saw a drop toward $98,000 on Tuesday, but its price has since witnessed a small bounce back to the $101,900 mark.

A new Galaxy Digital research note argues that Zcash’s startling comeback is not just a chart phenomenon but the visible edge of a broader privacy rotation—and that the coin’s fundamentals and user experience have changed enough to merit a market repricing. Published on November 4, 2025, the report asks why ZEC “has suddenly soared” and points to a confluence of cultural, market-structure, and product-level shifts that have pushed privacy from afterthought to headline feature. “After years of languishing, ZEC has surged ~8x in the past month,” Galaxy writes, a move that has “forced a fresh conversation about privacy as a feature.”

Why Is Zcash Skyrocketing?

Galaxy’s central contention is that Zcash’s technology is finally meeting consumers where they are. The team highlights Electric Coin Company’s Zashi wallet, launched in 2024 and iterated this year, which “abstracts away the complexity of the shielding UX,” and integrates NEAR’s intent layer to let users express outcomes—swap this into ZEC; pay that address—without manual bridging or multi-app choreography.

In Galaxy’s terms, NEAR Intents allow users to state the “intention (like ‘pay X amount of ETH to address y’)” while autonomous executors route liquidity and settle across chains, enabling flows into and out of Zcash’s shielded pools with minimal on-chain breadcrumbing. The report stresses that Zcash’s native view keys enable selective disclosure for audits and compliance, framing the new stack as both accessible and institution-compatible.

That usability shift lands alongside a visible on-chain change: for the first time in Zcash’s history, more than 30% of supply now sits in shielded pools, with Orchard hosting the majority of roughly 4.9 million shielded ZEC.

Galaxy’s analyst captures the privacy economics in a single line: “The larger the shielded pool, the harder it is to trace flows,” before adding the corollary—“A bigger anonymity set equals stronger privacy.” Transparent supply has fallen by nearly 3 million ZEC this year, from about 14 million to roughly 11.4 million, a redistribution that strengthens the very property Zcash was built to deliver.

The narrative shift is also being reinforced by market-structure signals. In what Galaxy calls the “clearest sign that Zcash is ‘so back,’” Hyperliquid listed ZEC perpetuals a few weeks prior to the note, expanding access and leverage for traders and lifting liquidity. Open interest reached roughly $115 million as of October 30, a mechanical tailwind that can translate into greater spot volatility on the way up—and down.

Importantly, the report refuses to pretend Zcash is unchanged under the hood. It places Zcash’s zk-SNARK-powered privacy in the lineage that began with Zerocoin and Zerocash, and then enumerates the protocol’s upgrade path—from Sapling (2018) to NU5/Orchard (2022) and NU6 (2024’s in-protocol lockboxes)—as the foundation for today’s UX. The research underscores that Zcash remains proof-of-work with a 21 million cap and ~75-second blocks, i.e., a monetary skeleton familiar to Bitcoiners but with encrypted transfers at the core.

Can ZEC Price Rally Further?

The cultural context matters here. Galaxy explicitly situates the rally amid a renewed debate that rhymes with Bitcoin’s earliest years: privacy as a right versus transparency as regulatory necessity. The note cites high-profile voices on both sides, including critics of “coordinated token pumps” and defenders who argue that “transparent crypto won’t survive a government crackdown,” while reminding readers that Satoshi himself acknowledged Bitcoin’s privacy limits. The upshot is not a verdict on regulators, but an observation that the market is repricing privacy as a first-class feature rather than a niche accessory.

Risks and frictions are not waved away. Galaxy points to Zcash’s relatively small node footprint—roughly 100–120 full nodes in recent counts—compared with Bitcoin’s tens of thousands and Monero’s thousands, and explains why: verifying shielded transactions is more resource-intensive, the multi-pool architecture adds complexity, and frequent network upgrades require operator vigilance. The technical roadmap is meant to address those constraints; the note flags Sean Bowe’s “Project Tachyon” as a prospective throughput and sync overhaul “without introducing a new shielded protocol,” an efficiency push Galaxy likens in spirit to Solana’s Firedancer.

Where does this leave the core question—can Zcash rally further? Galaxy does not offer a price target. Instead, it frames the upside case as contingent on whether today’s intent-driven UX and swelling anonymity set translate into durable, organic activity. The mechanics are straightforward: if more assets are brought into ZEC via NEAR Intents and shielded, the anonymity set continues to deepen; if Zashi’s integrations keep compressing user friction—on-ramping, swapping, and private payments—Zcash’s “privacy by design” becomes less of an ideal and more of a default behavior.

As Galaxy puts it, “Zcash is gaining visibility as its privacy stack finally reaches consumer-grade usability… As more ZEC gets shielded, the anonymity set grows and allows Zcash to become more private.”

But the same feedback loops can run in reverse. A thinner node set is more brittle in adverse conditions; leverage-led liquidity can unwind as fast as it forms; and the political economy of privacy—long Zcash’s biggest headwind—remains outside the protocol’s control. Galaxy’s conclusion, therefore, is deliberately narrow and empirical: the rally has already “succeeded in forcing the market to reprice privacy,” putting Zcash back in the arena after years on the sidelines.

Whether price strength persists will hinge less on narrative than on continued real usage of intents-based swaps, growing shielded supply, and tangible improvements to the network’s operational footprint.

At press time, ZEC traded at $463.98.

The Ethereum price latest market slump has placed Wall Street veteran Tom Lee’s ambitious $1.3 billion in ETH treasury bet under severe pressure, as whales and institutional funds begin to retreat from the world’s second-largest crypto asset.

Related Reading: Here’s Why The Bitcoin Price Is Crashing – The OGs Are Selling

Ethereum’s Price Drop and Bitmine’s Mounting Losses

Ethereum has fallen over 20% in two days, sliding below $3,300 and erasing more than $1 billion in leveraged positions. The correction has pushed ETH down about 30% from its August peak, marking its weakest level since mid-July.

According to 10x Research, Lee’s company, Bitmine Immersion Technologies Inc., which acquired 3.4 million ETH at an average price of $3,909, now faces paper losses exceeding $1.3 billion.

Backed by billionaire Peter Thiel, Bitmine adopted a Bitcoin-style corporate treasury model, but its funds are now “fully invested and under strain,” leaving little room for defensive moves.

Bitmine’s market capitalization-to-NAV ratio has plunged from 5.6 in July to 1.2, while its stock has tumbled 70% from its peak, reflecting a sharp reassessment of crypto-treasury valuations.

Another Ethereum-holding firm, ETHZilla, has already liquidated $40 million worth of ETH to restore its balance sheet, signaling growing corporate capitulation across the sector.

Whales Retreat as Liquidations Rise

On-chain data from Arkham Intelligence indicates that a large Ethereum whale recently offloaded 5,570 ETH ($19.56 million) to Binance, resulting in a loss of $2.15 million. This move amplified selling pressure amid weak liquidity. ETH’s market cap has now dropped to around $400 billion, with the token down 17% weekly.

Technical indicators paint a cautious picture. ETH has fallen below its 50-day moving average ($4,094), with the RSI near 31, suggesting near-oversold conditions but no confirmed reversal. Analysts warn that failure to hold the $3,300 support could trigger a deeper correction toward $3,000–$2,700 zones.

Institutional Demand Fades, but Fundamentals Remain Intact

After attracting over $9 billion in ETF inflows during the summer rally, Ethereum products have since seen $850 million in outflows, while futures open interest has dropped by $16 billion. Retail enthusiasm has also waned, with Google search interest for Ethereum now just 13% of its yearly peak.

Despite the downturn, Ethereum’s network fundamentals remain strong. It continues to process the highest on-chain value among smart contract platforms, and Vitalik Buterin’s proposed Layer-2 upgrade aims to cut rollup withdrawal times to one or two days, potentially boosting adoption.

Related Reading: Top Crypto Exchange Expands To Latin America With Argentina And Brazil Market Entry

However, for now, Lee’s high-stakes Ethereum wager stands as a cautionary tale of over-leveraged optimism colliding with a cooling market, leaving investors to wonder whether Bitmine’s billion-dollar loss marks the start, or the bottom, of Ethereum’s latest cycle.

Cover image from ChatGPT, ETHUSD chart from Tradingview

DWF Labs, a market-making firm active in crypto markets, has been linked to an alleged loss of $44 million in a hack that took place in September 2022.

According to on-chain investigators, the incident was not publicly disclosed by the firm at the time and only came to light after a detailed blockchain review.

DWF Labs: Alleged Attack And Method

Reports have disclosed that the attacker drained a wallet tied to DWF Labs and moved the funds through several on-chain steps.

The stolen holdings were mostly stablecoins — USDC and USDT — and were then converted into Bitcoin through the Ren bridge before being routed into a mixer called Mixero.

The pattern of transfers and the tools used are what led some analysts to suggest a link to the DPRK-associated AppleJeus group.

2/8 On 22nd September 2022, the address 0x3d67fdE4B4F5077f79D3bb8Aaa903BF5e7642751 started being drained. At the same time, withdrawals were made from many exchanges to the same address showing that both private keys and exchange account credentials were likely compromised. pic.twitter.com/7T7ek18SR4

— tanuki42 (@tanuki42_) November 4, 2025

On-Chain Evidence And Reactions

Based on reports, the investigation was driven by an analyst known as tanuki42 who flagged the wallet address and traced payments made to and from it before and after the alleged breach.

Other sleuths on X, including well-known chain trackers, began to comment and share findings. Some posts pointed to roughly $30 million in Bitcoin-valued pots that have not been touched since the transfers, raising questions about what the attacker intends to do next.

DWF Labs has not posted a public incident report or a formal acknowledgement of the claims.

What The Movement Looks Like

Money moved into centralized exchanges at certain points, which suggests private keys or exchange accounts may have been compromised during the event.

After conversion, the flow into a mixer makes it harder to follow the exact trail, but on-chain records show the sequence and timestamps that tie these steps to the September dates.

The way funds were handled is similar to other cases tied to state-linked threat actors, according to the analysts studying the chain.

Potential Impact And Next Steps

If the allegation is confirmed by an independent audit or by the firm itself, the fallout could affect counterparties and projects that relied on DWF Labs for liquidity.

Some forensic firms and trackers are poring over the dormant pots of Bitcoin that amount to about $30 million in current value, while exchanges and law-enforcement partners may be asked to help trace or freeze moves if they occur.

Investor confidence is part of the discussion now, because public trust depends on clear disclosure and rapid response once a breach is found.

Featured image from Unsplash, chart from TradingView