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Cipher Mining (NASDAQ:CIFR) Stock Price Up 7.7% - Here's Why
Grayscale’s spot Zcash ETP drew more than $70 million in inflows and helped push assets above $500 million as traders faced a $36.6 million liquidation wave.
- On Thursday, Zcash surged past $950, reflecting intense trading activity for the privacy-focused cryptocurrency following its August 25 launch on NYSE Arca.
- Grayscale launched its spot Zcash ETF on NYSE Arca on August 25, 2026, made possible after the SEC closed its Zcash Foundation investigation on January 14, 2026 without enforcement action.
- Derivatives liquidations wiped out $34.5 million in bearish positions on Friday, while the Zcash ETF has gathered roughly $414 million in assets, demonstrating strong institutional demand.
- F2Pool co-founder Chun Wang criticized the rally as a "narrative bid" on September 8, arguing that governance disputes and the Orchard vulnerability do not justify the token's current valuation.
- Technical analysts point to $1,045–$1,055 as the next resistance level, with maintaining support above $1,064 critical for ZEC's near-term outlook and the sustainability of the rally.
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67 Articles
67 Articles
Zcash Hits $1,000: Short Squeeze, ETF Catalyst Explained
Zcash just broke $1,000 for the first time in nearly a decade after a short squeeze wiped out $34 million in bearish bets. You're watching a privacy coin stage one of crypto's most dramatic comebacks — fueled by a Grayscale ETF, a former exchange exec's public meltdown, and Wall Street money flowing into a technology designed to hide from it.
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BizTocXRP Is Down 50% in a Year and Zcash Is Up 2,361%. Can Zcash Hold $1,000?
While XRP and Bitcoin have spent a year bleeding out, a coin built to hide transactions just crossed a milestone that neither of them has reached. Whether that momentum survives its first full month in the spotlight is a very different question.
·Lakewood, United States
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Coverage Details
Total News Sources67
Leaning Left1Leaning Right0Center7Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
13%
C 87%
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