The most notable thing is not that privacy coins rose in unison, but that the market did not deliver a consistent response as regulatory pressure eased at the margin. On October 5, FinCEN announced the withdrawal of two proposed digital asset rules: one concerning recordkeeping, verification, and reporting requirements for transactions involving CVCs/digital assets and unhosted wallets; the other concerning special measures for CVC mixing. The Federal Register page was also marked “NPRM Withdrawal” that day.
As of October 6 at 11:40 (UTC+8), Binance spot data showed: $ZEC had 24-hour trading volume of about 201 million USDT, up about 0.35%; $DASH had trading volume of about 10.31 million USDT, down about 5.24%. This suggests the news is more of a potential recovery in the regulatory discount, and has not yet spread into broad-based buying across the sector.
Bullish conditions: ZEC breaks above its previous high on rising volume, DASH finds support and trading volume expands, and discussion of restoring compliant U.S. on-ramps gains momentum. Neutral conditions: volume remains high and the price range narrow. Bearish conditions: prices fall back into the pre-news range, or exchanges further tighten risk controls related to privacy.
The biggest risk is misreading the “withdrawal of proposed rules” as a blanket green light for mixing or private transfers; enforcement, sanctions lists, and exchange compliance may still constrain liquidity. Will the market price in a reduced regulatory discount, or is this just a round of news-driven volatility?
#ZEC #PrivacyCoins
For informational purposes only; this does not constitute investment advice.
As of October 6 at 11:40 (UTC+8), Binance spot data showed: $ZEC had 24-hour trading volume of about 201 million USDT, up about 0.35%; $DASH had trading volume of about 10.31 million USDT, down about 5.24%. This suggests the news is more of a potential recovery in the regulatory discount, and has not yet spread into broad-based buying across the sector.
Bullish conditions: ZEC breaks above its previous high on rising volume, DASH finds support and trading volume expands, and discussion of restoring compliant U.S. on-ramps gains momentum. Neutral conditions: volume remains high and the price range narrow. Bearish conditions: prices fall back into the pre-news range, or exchanges further tighten risk controls related to privacy.
The biggest risk is misreading the “withdrawal of proposed rules” as a blanket green light for mixing or private transfers; enforcement, sanctions lists, and exchange compliance may still constrain liquidity. Will the market price in a reduced regulatory discount, or is this just a round of news-driven volatility?
#ZEC #PrivacyCoins
For informational purposes only; this does not constitute investment advice.