Zcash jumped 48–62% this week, pushing ZEC above $800 to levels unseen since January 2018, coinciding with Grayscale's progress on a spot ETF conversion filing. The rally also aligns with an upcoming holder vote on changes to ZEC issuance mechanics.
Bitcoin crossed $80,000 Tuesday after an eight-day rally driven by spot ETF inflows, Treasury buyback policy changes, and forced short liquidations. The move marks a 28% advance from recent lows and tests whether the rally can sustain on structural demand rather than technical squeeze dynamics.
Pakistan's financial regulator opened a licensing portal requiring cryptocurrency platforms operating in the country since March to apply by September 5 or cease services. Approved firms must incorporate locally to maintain operations.
Bitcoin rose to $79,500 on Friday, marking its strongest weekly gain in two years fueled by $1.6 billion in spot ETF inflows, Treasury intervention, and forced short liquidations. Analysts cautioned that rebounding US bond yields and absent ETF buying pressure over the weekend could present headwinds to sustaining the rally.
Coinbase has launched 1:1-backed tokenized versions of Apple, Nvidia, Meta, and Alphabet shares on its Ethereum Layer 2 network Base, available for eligible non-U.S. investors to trade around the clock. The tokens represent shares held by regulated custodian Alpaca under a framework established in Abu Dhabi.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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