Zcash (ZEC) is a privacy-focused cryptocurrency, and like Bitcoin, it undergoes a "halving" event approximately every four years. During a halving, the block reward given to miners is reduced by 50%, which decreases the rate at which new ZEC coins are generated.
### Key Points about Zcash Halving: 1. **Purpose**: The halving process is designed to reduce inflation over time and control the total supply of Zcash. The total supply is capped at 21 million ZEC, similar to Bitcoin.
2. **Next Halving**: Zcashโs last halving occurred in November 2020, which reduced the block reward from 6.25 ZEC to 3.125 ZEC. The next halving is in 49 days, further reducing the reward to 1.5625 ZEC.
3. **Impact**: The reduction in supply typically generates interest in the market, as fewer new coins are introduced, potentially affecting ZEC's price. Past halvings for cryptocurrencies have often led to increased market activity and speculation about price appreciation.
4. **Mining**: Zcash uses a proof-of-work consensus mechanism, and the halving impacts miners directly by reducing their earnings per block mined. This could lead to reduced miner participation if prices do not rise proportionally to offset the reduced rewards.
5. **Privacy Focus**: A unique aspect of Zcash is its zero-knowledge proof protocol called zk-SNARKs, which allows transactions to be shielded for privacy. The halving event does not affect the technology itself but is significant from a supply-demand perspective.
Overall, Zcash halvings are an important mechanism that can influence market dynamics, miner behavior, and ZECโs price over time.
News: BlackRock brings its European money market funds onto Ethereum.
BlackRock is tokenizing share classes of its European Institutional Cash Series money market funds, representing $311 billion in assets as of June 30.
The onchain share classes are issued on @ethereum in partnership with Kinexys by J.P. Morgan, which acts as the translation layer between onchain activity and the traditional fund registers.
12 tokenized share classes span the ICS Euro Government Liquidity, Sterling Government Liquidity, US Treasury, Euro Liquidity, Sterling Liquidity and US Dollar Liquidity funds.
Each enables 24/7 peer to peer transfers between approved investor wallets, with yield-bearing money market fund exposure and near real-time onchain visibility.
Announced a day after BSTBL and BRSRV.
The world's largest asset manager is now issuing euro, sterling and dollar money market shares on Ethereum, with J.P. Morgan as the tokenization layer.
Coinbase Bitcoin Premium Index Sets Longest-Ever Negative Streak at 78 Days
CoinGlass data shows the Coinbase Bitcoin Premium Index has remained negative for 78 consecutive days, the longest such streak on record, with its latest reading at -0.1145%. The index measures the BTC price gap between Coinbase and other major exchanges and is commonly used as a gauge of U.S. market demand. A persistently negative reading means Bitcoin is trading at a relative discount on Coinbase, potentially indicating weaker U.S. investor demand or comparatively stronger selling pressure.
$MCD.US - MCDONALD'S EPS BEATS, SALES COME IN SLIGHTLY LIGHT
Results
โข Adj. EPS: $3.38 vs. $3.32 est. โข Revenue: $7.10B vs. $7.13B est. โข EPS: $3.32 โข Global Comparable Sales: +1.3% vs. +1.39% est. โข U.S. Comparable Sales: +0.8% vs. +1.06% est. โข Global Systemwide Sales: +5.0% (+4.0% constant currency)
Other
โข Pre-tax Charges: $52M โข Leadership: Named Skye Anderson President of McDonald's USA, succeeding Joe Erlinger.
$SPCX - SPACEX EARNINGS: ANALYSTS FOCUSED ON AI, NOT THE QUARTER
SpaceX reports earnings today, but Bernstein says "the quarterly results should not matter."
Instead, analysts are focused on management's confidence in its AI and orbital data center strategy.
Bernstein says the investment case is about "if, not when" for a multi-trillion-dollar valuation, while Deutsche Bank expects in-line results and believes the stock could stabilize after lock-up expirations. Both see AI growth as the key catalyst.
$ENA After a long period of boredom and bear market, it's finally starting to break out of a downtrend.
โก๏ธ - One year long bear market about to break. โก๏ธ - Higher timeframe MA's ready to flip for support. โก๏ธ - Strong bullish divergences on multiple timeframes indicating that there's a change coming up. โก๏ธ - Volume has increased.
I wouldn't be surprised if this one goes 3-4X in the coming period.
After months of waiting, the opportunity to make life changing money is finally here.
The bull market is back, and a handful of coins are setting up for potential 10x to 100x moves over the coming months.
The biggest gains are made by getting in early not by chasing green candles after everyone else.
In my Binance Private Chatroom, I'll be sharing my exact entries, profit targets, and exit strategies in real time, so you know when to buy and when to take profits.
If you're serious about making the most of this bull run, join now before the market leaves you behind.