Live Feed

Zcash developers plan to deploy the NU7 upgrade to mainnet on Nov. 5, a target date that has not yet been finalized, CoinDesk reported. The upgrade would cut block generation time to 25 seconds from 75 seconds. NU7 also includes a network sustainability mechanism under which about 60% of transaction fees would not be paid to miners immediately, but would instead be set aside and distributed as block rewards starting in February 2031. CoinDesk reported the upgrade would also triple the number of blocks produced, cut the reward per block to one-third, and extend the halving interval to 5.04 million blocks from 1.68 million blocks, while broadly maintaining ZEC issuance over the long term. The developers plan to decide on final deployment and the activation block height on Oct. 20, according to CoinDesk.

Coinbase has applied for regulatory approval to launch perpetual futures tied to shares of major U.S.-listed companies, The Wall Street Journal reported. The specific stocks targeted for the product have not yet been disclosed.

Ethereum Institutional said it supports EIP-8198, a proposal to shorten Ethereum block times, citing an increase in institutional on-chain activity. The proposal centers on initially reducing block creation time from about 12 seconds to 10 seconds. EthLabs said 20 DeFi founders also back the proposal and that it is working to have it included in the future Hegotá upgrade.

Solana-based decentralized exchanges processed more than 208 million trades over the past week, exceeding the New York Stock Exchange and reaching about 88% of Nasdaq’s level by trade count, Crypto Briefing reported. The outlet added that the comparison was based only on the number of trades, not on traded value. It noted that large institutional orders on the NYSE can reach several million dollars per trade, while Solana DEX activity includes many sub-$1 swaps, memecoin trades and bot-driven transactions, making a simple comparison with traditional stock markets difficult.

Grayscale said its Zcash ETF, ZCSH, plans a 3-for-1 stock split. Under the plan, each existing share would be split into three shares, while the per-share price would be adjusted to roughly one-third on a theoretical basis. Investors’ total holdings value would remain unchanged before and after the split, as the number of shares increases proportionally.

Nasdaq-listed Bitcoin-focused financial company ProCap Financial said it will be added to the Russell 2000 and Russell 3000 indexes at the U.S. stock market open on Sept. 21. Starting Sept. 22, the company plans to change its name to Silvia and its ticker to SVIA from BRR. ProCap Financial currently holds 5,254 BTC.

Bitcoin’s full-fledged recovery has been delayed by the Federal Reserve’s hawkish stance and setbacks to the U.S. CLARITY Act, and BTC is unlikely to decisively break above $80,000 unless inflation expectations or monetary policy expectations shift significantly, CoinShares Head of Research James Butterfill said. Butterfill added, "클래리티법은 차질을 빚었지만 스테이블코인 규제와도 직결된 만큼 내년 초 수정안이 다시 추진될 수 있다" and said the impact of regulatory uncertainty could be greater for altcoins such as ETH than for BTC.

Haseeb Qureshi, managing partner at crypto venture firm Dragonfly Capital, argued the Zcash development fund, which is set to expire in 2028 under current rules, should not be extended further. According to Cointelegraph, Qureshi said the fund, which has grown to about $95 million, is sufficient to support the remaining development work and warned that a larger pool of capital could become increasingly politicized. Paradigm founder Matt Huang, meanwhile, argued the development fund should be maintained to address AI-driven cyberattacks and advances in quantum computing. The industry debate extends beyond whether to keep the fund, with discussions also centered on whether governance should be handed directly to token holders through voting or managed through a hybrid structure combining a separate committee with token-holder input.

Bloomberg senior analyst Mike McGlone said in a recent report that downside pressure on BTC could increase as commodity prices remain historically elevated relative to long-dated U.S. Treasuries while the Fed is raising rates. McGlone said the ratio of the Bloomberg Commodity Spot Index, or BCOM, to the U.S. Long Treasury Total Return Index has stayed at current levels for more than a month for the first time since 1990. In similar extreme periods in the past, rate cuts accompanied the move, but this time the Fed and other major central banks are instead raising rates. With the U.S. 10-year Treasury yield above 5% and energy prices also surging, the report said the risk of shocks to the global economy and stock market has risen, adding that further downside pressure could build on risk assets including BTC.

Bitcoin has moved back above its true market mean, or the average cost basis of actively trading investors, re-entering a bullish phase, according to on-chain analytics firm Glassnode. In a post on X, Glassnode said the next price level to clear is around $80,421, the average purchase price of corporate Bitcoin treasury companies. Above that is the U.S. spot Bitcoin ETF cost basis near $85,638. A related chart showed the true market mean at $76,660, the corporate treasury company cost basis at $80,421 and the ETF cost basis at $85,638.

Evernorth Holdings, a company focused on accumulating XRP as a corporate strategy, has secured a $30 million convertible note investment from NH Investment & Securities, The Block reported. The investment is contingent on the completion of Evernorth’s merger with a SPAC, and the proceeds are set to be used across the company’s operations, including XRP purchases. An S-4 registration statement Evernorth filed with the U.S. SEC in connection with the SPAC merger became effective in August. Once the merger is completed, Evernorth is expected to trade on Nasdaq under the ticker XRPN.

The spot CVD chart is an order book analysis of the BTC/USDT spot trading pair. The upper panel shows the volume heatmap, while the lower panel shows cumulative volume delta, or CVD. - The volume heatmap tracks trading volume by price range. The background becomes brighter when the price stays in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance levels. - The CVD indicator shows buy and sell orders by order size. The line for each color rises as buy orders increase in that size band. The yellow line reflects orders between $100 and $1,000, while the brown line reflects large orders between $1 million and $10 million.

Authorities in the UAE and Sweden arrested seven people tied to an international money-laundering ring involving about $7.1 million, Decrypt reported. The suspects are accused of moving and concealing 70 million Swedish kronor in criminal proceeds through cryptocurrencies over about 10 months. Investigators said tracing the crypto transactions also indicated the funds were linked to other criminal activity, including organized crime and contract killings.

South Korean exchange Upbit announced it will temporarily suspend Scroll (SCR) deposits and withdrawals at 12:00 a.m. UTC on Sept. 22 for the token’s network upgrade.

South Korean exchange Upbit announced it will temporarily suspend withdrawals of LUNA2 and assets on the Terra network starting at 11:00 a.m. UTC on Sept. 21 to support a LUNA2 network upgrade.

A wallet linked to BitForex founder Garrett Jin sold all 35,000 ETH, worth $87.5 million, at $2,500 per token after withdrawing the funds from Binance yesterday, according to EmberCN. Jin has faced allegations of profiting from insider trading ahead of last October’s record forced-liquidation event. EmberCN said the address added part of the sale proceeds as margin for a ZEC short position that is carrying about $30 million in unrealized losses. The move raised the position’s liquidation price to $4,738 from $2,631.

OpenAI’s next-generation GPT-6 Astra decoded a 1941 German military Enigma message, but that does not mean modern cryptography used in Bitcoin wallets has been broken, according to BeInCrypto. Carter Leffen, who oversees product development and operations at Bloomberg, narrowed the search using the recovered place name Rosenow from the message and decrypted the ciphertext after testing 14.8 million keys over about 10 hours, the report said. The report added that Enigma was a 1930s-era cipher system, making it structurally and technically very different from the modern cryptography used in BTC security.

South Korean exchange Upbit announced it will suspend cryptocurrency deposits and withdrawals of more than 1 million won ($740) involving Coredax starting at 4:00 a.m. UTC on Oct. 6. Upbit said the move follows the suspension of Coredax’s use of a Travel Rule compliance solution service, making transfers above that threshold unavailable. The exchange added the measure was based on a risk assessment, and such transfers will also be excluded from manual deposit approval through proof-of-deposit submissions.

ZachXBT, a widely followed on-chain analyst, raised questions about fund flows linked to RaidParty, an Ethereum gaming project facing fraud allegations involving about $70 million. ZachXBT said an address tied to user @7zarc received 4,870 ETH, worth about $15 million, from funds linked to RaidParty and then transferred the assets to multiple exchanges. The user had been inactive since 2022 before resurfacing in September 2026 and has not publicly responded to the allegations.

Bitcoin may have already formed the bottom of this cycle after one round of investor capitulation when it fell to around $60,000 in February and another near $58,000 in June and July following months of sideways trading, Checkonchain founder James Check said, according to Cointelegraph. Check said roughly $300 billion worth of Bitcoin was concentrated in the $58,000-$70,000 cost-basis range for buyers, and about 4 million BTC later shifted from unrealized losses into profit. He stressed that investor cost basis, profit-and-loss conditions, and accumulation and selling by long-term holders matter more than a four-year cycle.

Binance said it will continue pursuing a license under the EU’s Markets in Crypto-Assets regulation, Cointelegraph reported. Earlier, The Wall Street Journal reported Christine Lagarde, president of the European Central Bank, had asked Greek Prime Minister Sanae Takaichi not to approve Binance’s MiCA license application. Responding to that report, Binance said it would not comment on speculative coverage and is seeking a MiCA license to operate in Europe over the long term in compliance with regulations. Binance had previously said in June it withdrew its application in Greece and would pursue authorization in another EU member state.

The U.S. Federal Reserve raised its benchmark rate by 25 basis points to 3.75%-4.00% on Sept. 16, but DeFi stablecoin deposit yields may not rise in tandem, CryptoSlate said in an analysis. On the same date, the one-year U.S. Treasury yield climbed to 4.45%, raising the benchmark for comparing returns on crypto deposits. According to CoinMetrics, Aave’s USDC deposit yield this year averaged 31 basis points below the one-year U.S. Treasury yield and trailed it during 78% of the period surveyed. Anthony DiMartino, co-founder of Sentora, said the correlation between SOFR, a U.S. short-term interest rate benchmark, and CDOR, an on-chain borrowing rate indicator, is very low, indicating the Fed’s rate hike is unlikely to significantly push up on-chain rates. DiMartino added DeFi deposit yields are driven more by lending demand in the crypto market and deleveraging than by monetary policy.

U.S. asset manager Rex Shares is launching ASSX, a leveraged ETF designed to deliver twice the daily return of Strive (ASST), a Bitcoin treasury company, BitcoinTreasuries.net reported. The product aims to track two times ASST’s daily share-price moves.

South Korean exchange Bithumb said it will delist Gala (GALA) at 6:00 a.m. UTC on Oct. 19 after concluding the token no longer met its listing support standards. Bithumb said materials submitted by the foundation were not sufficient to resolve the issues behind the trading warning designation, and that a broader review of timely disclosures on key virtual-asset matters, as well as the transparency and reasonableness of procedures for changing important matters, found the token did not satisfy the criteria for continued trading support. Separately, South Korean exchange Coinone announced an extension of Gala’s delisting watchlist designation today.

Crypto analyst Murphy (@Murphychen888) said Bitcoin is unlikely to reenter a bear market immediately even if the U.S. Federal Reserve begins raising interest rates. Murphy said past cases suggest the pace of tightening, rather than the fact of rate hikes itself, and the structure of BTC holdings are the key factors shaping market direction. During the Fed’s total 425-basis-point rate hikes in 2022, BTC fell from about $41,000 at the time of the first hike to $15,800. In 2023, by contrast, BTC rose from $16,500 to $42,000 even as rates were raised four times by 25 basis points each, Murphy said. Murphy added that Bitcoin’s current structure looks more similar to early 2023 than to the period of the first rate hike in 2022, as the asset has spent about six months forming a bottom range and gone through repeated capitulation, with a substantial reshuffling of holdings.