Zcash Explodes 48%

Zcash has exploded almost 48%, climbing above $800 for the first time since 2018 as Grayscale prepares for a potential Zcash ETF debut on NYSE Arca. We examine the filing, the proposed 25 August launch date, the enormous surge in leveraged trading and why this rally could reverse just as violently as it began.

We also cover the crypto industry’s new lawsuit against Illinois over its controversial 0.2% digital-asset tax, questions surrounding the administrative powers built into World Liberty Financial’s USD1 stablecoin, and Ethereum researchers’ race to strengthen the security evidence behind future zkEVM technology.

Congratulations to this week’s usual suspects: LA Kings Ellen, Andrej Lengel, Moonhead, Homeboy and Crypto Cowboy, who are each receiving 10 XRP.

#CryptoNews #Zcash #ZEC #Bitcoin #Ethereum #XRP #CryptoETF #USD1 #Stablecoins #Altcoins #DailyCryptoRoundup

These notes are supplied by Crypto News Today and are not a transcript. No separate source links were supplied with this edition.