🏙️ Zcash Rally Could Boost ZEC Back Into Cryptos Top 20
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Zcash (ZEC) is gaining momentum with its 4.5M shielded supply, potentially pushing it back into the top 20. FTXs Sam Bankman-Fried claims the exchange was never insolvent. Revolut rolls out USD-to-stablecoin swaps, while Palantir sues ex-engineers. Bitcoin braces for Fed shifts, and analysts eye a key weekly close for November rally. ✨Take a closer look:
đź”– Market Movements and Price Signals:
🔹Zcash rally gains steam as traders speculate if ZEC’s 4.5M shielded coins can push it back into the top 20. Bitcoin faces a liquidity switch as the Fed balance-sheet reshuffles, shaping the near-term price path. Analysts say the November Bitcoin rally hinges on this week’s close and macro signals. Dogecoin dips 20%, yet bulls argue the pullback may lay a stronger ground for gains. Shiba Inu open interest crashes to 2024 levels, sparking debate about meme-coin momentum.
đź”– Corporate Strategy and Leadership:
🔹Palantir sues ex-engineers over plans to launch a copycat AI startup, signaling IP tensions in AI development. Saylor argues the consolidation path is uncertain, making big rival takeovers unlikely. Revolut rolls out 1:1 USD-to-stablecoin swaps as fintechs warm to crypto. Brandt now says he is short on Bitcoin, reflecting a shift in trader sentiment. Western Union’s WUUSD trademark hints at crypto offerings, signaling a shift in legacy payments.
đź”– Platforms and Market Infrastructure:
🔹Coinbase posts major Q3 profit surges as it reveals resilient numbers amid market swings. dYdX eyes US market entry with a year-end debut, signaling DeFi expansion into regulated spaces. Bitwise says a Solana bet offers two paths to wins for investors seeking yield and exposure. ETFs are seen as a catalyst to usher institutions into altcoins, mirroring Bitcoin’s path.
đź”– Regulation, Policy and Global Outlook:
🔹Senate crypto market bill updates signal a tightening regulatory framework. The EU’s two-tier encryption vision draws fierce debate over privacy and digital sovereignty. Nordic bank that once shunned crypto is set to offer a Bitcoin ETP, marking a policy-adoption milestone. DeepSeek’s price commentary and policy signals keep markets watching for risk and upside. Global policy trends push clarity for institutions before large capital moves.
đź”– Adoption, Payments and Channel Expansion:
🔹Nordic bank that once shunned crypto to soon offer a Bitcoin ETP signals mainstream adoption. Western Union’s WUUSD trademark hints at crypto offerings, signaling a shift in payments. ETFs will usher institutions into altcoins, just like Bitcoin, per market analysts. Fintechs expanding crypto access with 1:1 USD-to-stablecoin swaps illustrate growing consumer readiness.