正航奇旅
经济思维看世界，周期思维晓未来
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Zcash ETF is harmful and unhelpful to $ZEC .
BeInCrypto Global
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The Zcash ETF Nobody Asked For: Why Critics Fear a Wall Street Takeover
Grayscale’s decision to convert its Zcash Trust into an ETF has ignited one of the most polarizing debates in the privacy-coin ecosystem.
For Zcash advocates and decentralization purists, the move represents something far more consequential than a new investment product. To them, it signals a potential takeover of a privacy-focused cryptocurrency by the very institutions it was designed to avoid.
A Privacy Coin in an ETF? Critics Say It Breaks the Mission
The filing, submitted on November 26, 2025, seeks to transform a trust holding over 394,000 ZEC, valued at roughly $197 million, into a fully regulated exchange-traded fund (ETF).
Eric Van Tassel, a user on X (Twitter), argues that a ZEC ETF is fundamentally incompatible with Zcash’s purpose.
“I hope ZEC never gets one, as once that happens, an asset is no longer decentralized,”Eric said, calling ETFs “a Trojan horse.”
Eric’s critique is not about ETFs as financial instruments; it is about the control structures they create. Unlike spot trading on crypto exchanges, ETFs concentrate influence among Wall Street firms that make trading, market-making, and custodial decisions.
For a privacy coin, that concentration is existential.
“An ETF effectively means that an asset value will be highly influenced and controlled by Wall Street,” Eric warned.
SEC filings show the Grayscale Zcash Trust controls about 2.4% of ZEC’s circulating supply, already giving the asset one of the highest institutional concentrations among privacy coins. Converting the trust to an ETF would further expand its influence.
The crypto industry has already seen the downside. When the Grayscale Bitcoin Trust (GBTC) converted to an ETF in January 2024, redemptions created intense sell-side pressure. The general sentiment is that a similar redemption wave could hit Zcash.
Data reinforces this concern, showing markets still remember the days when GBTC outflows repeatedly pushed Bitcoin lower. Eric argues those dynamics are no accident.
“The recent dump was influenced by these giant institutions that now control many of these assets… Their ultimate goal is to either destroy crypto or completely control it as a part of their CBDC agenda,” he added.
Meanwhile, the Grayscale Zcash Trust is already flashing warning signs.
NAV/Share: $42.59
Market Price: $35.05
Discount: approximately 18%
Such a steep discount shows shareholders may be anticipating further price pressure, or at least are unwilling to pay full value for assets that may soon face ETF-linked selling pressure.
The trust currently manages $205.7 million, charges a 2.5% expense ratio, and has 4.83 million shares outstanding. High fees and regulatory ambiguity may explain why investors expect turbulence ahead.
Why Zcash Has Outperformed, And Why That Might End
Despite regulatory headwinds, ZEC has significantly outperformed several major altcoins in recent months. Critics argue this is precisely because it is not yet under ETF control, leaving its price action more organic and less susceptible to institutional flows.
“The fact that Zcash does not currently have an ETF might be a good reason why Zcash has been moving so well,” Erin noted.
He even speculates that Bitcoin’s ETF-driven structure has capped its upside:
“I see $140,000 to $150,000 max out of Bitcoin this cycle… Money will roll into the assets that these ETFs don’t control,” he indicated.
The SEC, not the Electric Coin Company (which develops Zcash), will determine the fate of the Zcash ETF. If approved, it would mark the first-ever ETF tied to a major privacy coin, potentially rewriting the regulatory path for similar assets.
But the implications go beyond policy. Zcash was built for financial privacy amid a surveillance era.
The question now is whether that mission can withstand the gravitational pull of Wall Street, or whether, as critics warn, an ETF would transform ZEC from a decentralized, privacy-focused tool into a tightly managed institutional asset.
Zcash (ZEC) Price Performance. Source: CoinGecko
Perhaps, these fears explain why Zcash’s ZEC token is only up by a modest 0.7% in the last 24 hours despite Grayscale’s expressed interest.
For Zcash advocates and decentralization purists, the move represents something far more consequential than a new investment product. To them, it signals a potential takeover of a privacy-focused cryptocurrency by the very institutions it was designed to avoid.
A Privacy Coin in an ETF? Critics Say It Breaks the Mission
The filing, submitted on November 26, 2025, seeks to transform a trust holding over 394,000 ZEC, valued at roughly $197 million, into a fully regulated exchange-traded fund (ETF).
Eric Van Tassel, a user on X (Twitter), argues that a ZEC ETF is fundamentally incompatible with Zcash’s purpose.
“I hope ZEC never gets one, as once that happens, an asset is no longer decentralized,”Eric said, calling ETFs “a Trojan horse.”
Eric’s critique is not about ETFs as financial instruments; it is about the control structures they create. Unlike spot trading on crypto exchanges, ETFs concentrate influence among Wall Street firms that make trading, market-making, and custodial decisions.
For a privacy coin, that concentration is existential.
“An ETF effectively means that an asset value will be highly influenced and controlled by Wall Street,” Eric warned.
SEC filings show the Grayscale Zcash Trust controls about 2.4% of ZEC’s circulating supply, already giving the asset one of the highest institutional concentrations among privacy coins. Converting the trust to an ETF would further expand its influence.
The crypto industry has already seen the downside. When the Grayscale Bitcoin Trust (GBTC) converted to an ETF in January 2024, redemptions created intense sell-side pressure. The general sentiment is that a similar redemption wave could hit Zcash.
Data reinforces this concern, showing markets still remember the days when GBTC outflows repeatedly pushed Bitcoin lower. Eric argues those dynamics are no accident.
“The recent dump was influenced by these giant institutions that now control many of these assets… Their ultimate goal is to either destroy crypto or completely control it as a part of their CBDC agenda,” he added.
Meanwhile, the Grayscale Zcash Trust is already flashing warning signs.
NAV/Share: $42.59
Market Price: $35.05
Discount: approximately 18%
Such a steep discount shows shareholders may be anticipating further price pressure, or at least are unwilling to pay full value for assets that may soon face ETF-linked selling pressure.
The trust currently manages $205.7 million, charges a 2.5% expense ratio, and has 4.83 million shares outstanding. High fees and regulatory ambiguity may explain why investors expect turbulence ahead.
Why Zcash Has Outperformed, And Why That Might End
Despite regulatory headwinds, ZEC has significantly outperformed several major altcoins in recent months. Critics argue this is precisely because it is not yet under ETF control, leaving its price action more organic and less susceptible to institutional flows.
“The fact that Zcash does not currently have an ETF might be a good reason why Zcash has been moving so well,” Erin noted.
He even speculates that Bitcoin’s ETF-driven structure has capped its upside:
“I see $140,000 to $150,000 max out of Bitcoin this cycle… Money will roll into the assets that these ETFs don’t control,” he indicated.
The SEC, not the Electric Coin Company (which develops Zcash), will determine the fate of the Zcash ETF. If approved, it would mark the first-ever ETF tied to a major privacy coin, potentially rewriting the regulatory path for similar assets.
But the implications go beyond policy. Zcash was built for financial privacy amid a surveillance era.
The question now is whether that mission can withstand the gravitational pull of Wall Street, or whether, as critics warn, an ETF would transform ZEC from a decentralized, privacy-focused tool into a tightly managed institutional asset.
Zcash (ZEC) Price Performance. Source: CoinGecko
Perhaps, these fears explain why Zcash’s ZEC token is only up by a modest 0.7% in the last 24 hours despite Grayscale’s expressed interest.
See original
Grayscale applies for Zcash (ZEC) ETF, institutions adopt new momentum but it doesn't rise. This indicates that short selling is greater than buying, and institutions are offloading. Good news facilitates institutional offloading. $BTC $ZEC
Binance News
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Crypto News Today: Grayscale Files for Zcash (ZEC) ETF, Institutional Adoption Drives Fresh Momentum
Key TakeawaysBreaking news: Grayscale files to convert its Zcash Trust into a spot ETFInstitutional accumulation intensifies as Nasdaq-listed Reliance Global reallocates its entire crypto portfolio into ZECTechnical resilience remains strong, with the 30-day SMA and key Fibonacci levels absorbing selling pressure and stabilizing price action.Zcash (ZEC) hovers above $500 to outperform a mostly stagnant crypto market. The move is being driven by a combination of institutional treasury reallocations, reinforced technical support, rapid growth in shielded balances, and a strengthening narrative around “compliance-ready privacy.” Breaking: Grayscale Files S-3 to Convert Zcash Trust Into Spot ETFIn a landmark development for privacy-oriented crypto assets, Grayscale has submitted an S-3 registration statement to the U.S. SEC to convert its existing Grayscale Zcash Trust into a spot Zcash ETF.Source: Grayscale on XIf approved, this would mark the first-ever regulated spot ETF for a privacy-preserving cryptocurrency—an important moment not only for ZEC holders, but for the broader push toward institutional-grade privacy technology. The Grayscale Zcash Trust currently has over $196 million in assets under management. Institutional Treasury Moves Fuel ZEC’s MomentumInstitutional activity remains the backbone of ZEC’s latest price strength. After a strategic review, Nasdaq-listed Reliance Global Group fully exited its portfolio of BTC, ETH, SOL, and other assets to consolidate entirely into ZEC. The firm then added additional cash, doubling down on ZEC as its primary long-term digital asset exposure.Source: Reliance Global Group Press ReleaseReliance emphasized Zcash’s ability to provide regulator-friendly privacy, offering transparent transactions when needed and shielded activity when confidentiality is essential. Technical Rebound Shows Stability After Weekly DowntrendZcash has also shown strong technical resilience. After an 18% weekly decline, ZEC found support at the 30-day SMA ($504.94) and held above the 50% Fibonacci retracement at $518.08.RSI: 49.53 — neutral, room for upsideMACD: -23.45 — still bearish but flatteningKey psychological level: $500Key threshold to watchA close above $569 (38.2% Fibonacci) would likely confirm a trend reversal and trigger renewed bullish momentum—especially if ETF excitement continues to build. Privacy Tech Upgrades Strengthen ZEC’s Long-Term AppealOn the fundamental end, ZEC’s protocol continues to improve. The NU6.1 upgrade , activated on Nov. 24, 2025, allocates 8% of block rewards to community grants and 12% to a coinholder-controlled fund.Source: Zcash WebsiteShielded balances now total 4.5 million ZEC (27% of supply), signalling rising demand for private, auditable transactions. Bottom Line: Breaking Down Drivers Behind ZEC’s MomentumToday’s ZEC momentum is the product of three converging forces:Major institutional reallocation, including full treasury consolidation by Nasdaq-listed firmsReinforced technical levels, stabilizing price after a sharp weekly dropRapidly evolving regulatory alignment, now punctuated by Grayscale’s surprise push for a spot Zcash ETF
See original
Nobel Prize winner warns: "Trump's deal" is failing
Author: Paul Krugman $BTC $ETH $ZEC
Author: Paul Krugman $BTC $ETH $ZEC
火讯财经
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Nobel laureate warns: 'The Trump Trade' is failing
Article reprint source: BitPush
Author: Paul Krugman
Original title: The Trump Trade is Unraveling
Introduction
Paul Krugman, Nobel laureate in economics in 2008 and columnist for The New York Times, is known for his distinct Keynesian stance and incisive public policy analysis. He excels at translating complex economic mechanisms into clear social insights and never shies away from controversial political assertions.
In the latest article on November 24, 2025, Paul Krugman presents a sharp viewpoint:
Author: Paul Krugman
Original title: The Trump Trade is Unraveling
Introduction
Paul Krugman, Nobel laureate in economics in 2008 and columnist for The New York Times, is known for his distinct Keynesian stance and incisive public policy analysis. He excels at translating complex economic mechanisms into clear social insights and never shies away from controversial political assertions.
In the latest article on November 24, 2025, Paul Krugman presents a sharp viewpoint:
See original
$ZEC is the insurance for Bitcoin. Trillion!
《ZEC: 750510 is the first act of hunting, the second act is where the main force really makes money》
Brothers, speaking of ZEC, this recent trend is truly a 'textbook of human nature.'
750 stimulated the peak, dropping to 510 in one day, both long and short positions got liquidated, emotions exploded.
But you need to know:
This kind of trend is not a collapse, it's the 'first round of hunting scripts.'
The most terrifying thing about ZEC is not its drop,
It is abnormal after it drops.
All those who can be scared away, those who got liquidated, those who got washed out,
were all cleared out in this round.
but after being cleared out, the real operations of the main force have just begun.
1. The sharp decline of ZEC is not a pullback, but a 'liquidation-style turnover.'
750 stimulated the peak, dropping to 510 in one day, both long and short positions got liquidated, emotions exploded.
But you need to know:
This kind of trend is not a collapse, it's the 'first round of hunting scripts.'
The most terrifying thing about ZEC is not its drop,
It is abnormal after it drops.
All those who can be scared away, those who got liquidated, those who got washed out,
were all cleared out in this round.
but after being cleared out, the real operations of the main force have just begun.
1. The sharp decline of ZEC is not a pullback, but a 'liquidation-style turnover.'
See original
Before DOT liked to shout slogans, this time they are shouting to make products, I don't know if the products can be successful.
DOT: The 'System-Level Underlying Asset' Forgotten by the Market, the One Most Likely to Erupt in the Later Stages of a Bull Market
Brothers, DOT is one of the most misunderstood assets in the cryptocurrency world.
It is neither a speculation chain, nor a hype chain, and definitely not a garbage chain.
It is one of the underlying architecture chains with the most 'systemic value' in the entire industry.
But the problem is that retail investors don't understand it at all.
So you see that DOT is getting colder year by year,
But the coldness is not death, but 'underrating'.
Today I tell you:
DOT is the kind of 'structural tiger' that doesn't rise in the middle of a bull market, but suddenly trends in the later stages.
1. The positioning of DOT is not 'ecological chain', but 'internet structural chain'.
Brothers, the most underrated point of DOT is ——
It is neither a speculation chain, nor a hype chain, and definitely not a garbage chain.
It is one of the underlying architecture chains with the most 'systemic value' in the entire industry.
But the problem is that retail investors don't understand it at all.
So you see that DOT is getting colder year by year,
But the coldness is not death, but 'underrating'.
Today I tell you:
DOT is the kind of 'structural tiger' that doesn't rise in the middle of a bull market, but suddenly trends in the later stages.
1. The positioning of DOT is not 'ecological chain', but 'internet structural chain'.
Brothers, the most underrated point of DOT is ——
See original
Aave Crypto Bank, CRV Forex Market, Pendle Yield Exchange Market
朱老师区块链
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Aave V4 upgrade is equivalent to pulling DeFi lending from the 'county town station' into the 'Beijing South Station era'!
Today we are going to talk about the AAVE V4 update. AAVE is a well-known web3 lending platform and currently the largest lending platform with a TVL of 30 billion USD. The DeFi sector deals with finance, and within finance, 'borrowing and lending' are the most fundamental and substantial demands. As a web3 bank, AAVE currently has an FDV of only 2.7 billion, while listed banks in web2 casually exceed 100 billion. Therefore, I predict that AAVE has great prospects for the future. An innovative thing often fears continuous iteration and upgrades, and perhaps during these iterations, it will completely subvert traditional concepts!
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The cryptocurrency world is blatant fraud
黄粱一梦
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Bearish
The livestock Pump team has already cashed out to buy yachts and villas, with 1 billion dollars extracted over two years, several million users, 97% losses, and no airdrop, leaving only community members still paying for construction🤣
$PUMP
{future}(PUMPUSDT)
$PUMP
{future}(PUMPUSDT)
See original
ZEC's zk-SNARKs technology fills the privacy gap of BTC, with 25% of the supply entering the privacy shield pool to validate user demand, forming a division of labor between 'general value storage + privacy transactions' rather than a direct replacement.
$ZEC The Impact of Bitcoin's Future Development
1. Short-term diversion effect is limited: ZEC rises against the trend with a privacy narrative (24h increase 10.12% vs BTC 1.55%), attracting only some attention from privacy-focused senior funds, making it difficult to shake BTC's market dominance, and ZEC itself faces bearish MACD and 51% attack risks, with controllable scale of fund diversion.
2. Long-term complementarity greater than competition: ZEC's zk-SNARKs technology fills the privacy gap of BTC, with 25% of the supply entering privacy shielding pools to validate user demand, forming a division of labor between “general value storage + privacy transactions” rather than direct replacement.
3. Forced technological iteration may occur: If concerns over quantum computing and on-chain tracking continue to ferment, it may promote exploration of $BTC in privacy layer technologies (such as compatibility with zero-knowledge proof schemes), indirectly accelerating the technical improvement of the BTC ecosystem.
{future}(ZECUSDT)
{future}(BTCUSDT)
1. Short-term diversion effect is limited: ZEC rises against the trend with a privacy narrative (24h increase 10.12% vs BTC 1.55%), attracting only some attention from privacy-focused senior funds, making it difficult to shake BTC's market dominance, and ZEC itself faces bearish MACD and 51% attack risks, with controllable scale of fund diversion.
2. Long-term complementarity greater than competition: ZEC's zk-SNARKs technology fills the privacy gap of BTC, with 25% of the supply entering privacy shielding pools to validate user demand, forming a division of labor between “general value storage + privacy transactions” rather than direct replacement.
3. Forced technological iteration may occur: If concerns over quantum computing and on-chain tracking continue to ferment, it may promote exploration of $BTC in privacy layer technologies (such as compatibility with zero-knowledge proof schemes), indirectly accelerating the technical improvement of the BTC ecosystem.
{future}(ZECUSDT)
{future}(BTCUSDT)
See original
$ZEC is the insurance for Bitcoin's $BTC . Trillion!
After soaring dozens of times, the core value of ZEC: More than just market trends, but also the hard strengths that transcend cycles
When ZEC swept the crypto market with an annual increase of over 1300%, soaring from a low point at the beginning of the year to a high of $685, its market capitalization steadily reached the $10 billion mark, entering the top 20 cryptocurrencies globally. The entire industry was ignited by this wild market trend. On social media, the topic of 'ZEC getting rich' went viral, and the enthusiasm for chasing the rise grew day by day, as if everyone was discussing the short-term wealth effect. However, assets that can truly withstand bull and bear markets are never defined by short-term trends. Amidst the noise of this surge, we need to clear away the fog of price fluctuations to touch the core value of ZEC, which has been refined over nearly a decade. The hard strengths that support its stability and continuous growth in the industry cycle are the core secrets of its long-term value.
See original
$ZEC Privacy is a must
The Privacy Renaissance is Here!!!
Pantera partner Paul hits the nail on the head: privacy is no longer just a feature; it is the ticket to mainstream blockchain adoption.
Three killer apps are rewriting the rules:
1. Zcash (zk-SNARKs)
The seed planted by Pantera in 2015 has grown into a protocol-level privacy benchmark—truly invisible money.
2. Canton Network
An institutional-grade confidential network backed by Goldman Sachs and Deutsche Bank, bringing trillions of assets on-chain while keeping everything secure from prying eyes.
3. Zama (FHE Fully Homomorphic Encryption)
End-to-end encryption of data can now handle—DeFi, AI, and confidential voting all in one go; privacy is finally scalable.
In the past decade, privacy was a niche belief.
In the next decade, privacy will be a trillion-dollar track.
Whoever masters "verifiable but invisible" will hold the key to the next wave of encryption.
The Three Musketeers of Privacy Renaissance $ZEN $ZEC $DASH
Pantera partner Paul hits the nail on the head: privacy is no longer just a feature; it is the ticket to mainstream blockchain adoption.
Three killer apps are rewriting the rules:
1. Zcash (zk-SNARKs)
The seed planted by Pantera in 2015 has grown into a protocol-level privacy benchmark—truly invisible money.
2. Canton Network
An institutional-grade confidential network backed by Goldman Sachs and Deutsche Bank, bringing trillions of assets on-chain while keeping everything secure from prying eyes.
3. Zama (FHE Fully Homomorphic Encryption)
End-to-end encryption of data can now handle—DeFi, AI, and confidential voting all in one go; privacy is finally scalable.
In the past decade, privacy was a niche belief.
In the next decade, privacy will be a trillion-dollar track.
Whoever masters "verifiable but invisible" will hold the key to the next wave of encryption.
The Three Musketeers of Privacy Renaissance $ZEN $ZEC $DASH
See original
The correct discussion about SOL boils down to two points. First, the dimensionality reduction in technical narratives. While everyone is lamenting the hundreds of dollars in gas fees on Ethereum, SOL uses its parallel processing PoH mechanism to maximize performance and drive costs to the floor. He believes that the future killer applications will definitely emerge on public chains with low fees and high TPS, which is a physical law. Second, the precise positioning of ecological niches. He saw the early strong support from FTX-associated capital and the developer community, which is a weapon of mass destruction in the cold start phase of a public chain. No matter how powerful the technology is, if no one uses it, it's just a castle in the air. What he is betting on is not just a codebase, but an empire of developers and users that is about to take shape. The facts have proven that he was completely right.
The大神 who predicted the SOL explosion has recently started promoting XPL.
Do you remember when SOL surged from double digits to four digits in 2024? How many people were slapping their thighs in the night? I have a friend who thought it was expensive when it was over a hundred, felt it peaked when it was over two hundred, and watched helplessly as it became something he could never reach again. Behind all this, there was a masked big shot on Twitter who, back when SOL was still struggling in double digits, wrote dozens of long articles, dissecting and explaining to the world why SOL would be the chosen one. At that time, not many believed him, but later everyone revered him as the prophet. Now, this big shot has deleted all posts about SOL and has started heavily promoting a new project called XPL.
See original
$PUMP founder alon has been missing for more than 10 days
Pump's official account has not updated for 7 days
Scammers are rampant in the crypto circle
Pump's official account has not updated for 7 days
Scammers are rampant in the crypto circle
Warm Reminder--$PUMP Founder Alon has been out of contact for more than 10 days
Pump official account has not updated for 7 days
Alon said Q4 would be the best quarter for $PUMP
However, since the beginning of Q4, the token price has dropped by more than 60%
(70% drop from the peak)
There are rumors that the team is cashing out
{future}(PUMPUSDT)
Pump official account has not updated for 7 days
Alon said Q4 would be the best quarter for $PUMP
However, since the beginning of Q4, the token price has dropped by more than 60%
(70% drop from the peak)
There are rumors that the team is cashing out
{future}(PUMPUSDT)
See original
The near protocol charges a fee of up to 1.17% through the zec privacy channel, which is not favorable for $ZEC
Everyone’s Watching ZEC’s Chart, but NEAR Is Taking the Cash
Zcash has dominated cryptos news lately, with its price exploding and pulling massive trading attention across the crypto market. But while traders obsess over charts, NEAR Protocol is quietly booking real revenue from the privacy narrative. As reported on X by aixbt, NEAR processes roughly $600 million in monthly transaction volume through ZEC-powered privacy rails. At an average fee rate of 1.17 percent, that translates to around $7 million in monthly revenue or an $84 million annual run rate.
The surprising part is how much of NEAR’s ecosystem depends on this integration. About 30 percent of all volume running on NEAR comes through its privacy bridge with Zcash. Users are willingly paying fees nearly four times higher than standard DEX swaps because they value transactional privacy. That demand is consistent and measurable, unlike speculative price spikes.
near protocol processes $600m monthly through zec privacy rails. $7m fees at 1.17% rate. users paying 4x normal dex fees for transaction privacy. 30% of near's entire platform volume runs through this integration. market watching zec charts instead of near's $84m annual privacy…
— aixbt (@aixbt_agent) November 23, 2025
The market has focused on ZEC’s volatility, momentum, and narrative revival. Meanwhile, NEAR earns steady revenue regardless of where ZEC trades. As aixbt put it, NEAR “gets $84M annual revenue regardless of ZEC price. ZEC holders get volatility. One pays bills. The other pumps charts.” It’s a sharp contrast between business fundamentals and market sentiment.
Some community members asked whether NEAR might eventually use this growing revenue stream for token buybacks. aixbt noted there is no announced buyback program yet, with the team prioritizing product development over capital allocation changes. That decision signals confidence in long-term network growth rather than short-term price engineering.
This raises a broader question about how the market values protocols. ZEC’s privacy resurgence may continue to fuel speculation and narrative hype. But NEAR is monetizing the same trend by providing the settlement layer and infrastructure needed to support real usage. Privacy is not just a narrative for NEAR. It is a revenue engine.
If the integration keeps scaling and more users demand private transactions, NEAR could evolve into one of the most profitable L1s in the space. Whether the market eventually rewards that remains unclear. For now, investors are chasing ZEC candles while NEAR is collecting fees in the background.
In a market that often values excitement over earnings, this dynamic is worth paying attention to.
Read also: Here’s How High XRP Price Could Go This Week
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Everyone’s Watching ZEC’s Chart, But NEAR Is Taking the Cash appeared first on CaptainAltcoin.
The surprising part is how much of NEAR’s ecosystem depends on this integration. About 30 percent of all volume running on NEAR comes through its privacy bridge with Zcash. Users are willingly paying fees nearly four times higher than standard DEX swaps because they value transactional privacy. That demand is consistent and measurable, unlike speculative price spikes.
near protocol processes $600m monthly through zec privacy rails. $7m fees at 1.17% rate. users paying 4x normal dex fees for transaction privacy. 30% of near's entire platform volume runs through this integration. market watching zec charts instead of near's $84m annual privacy…
— aixbt (@aixbt_agent) November 23, 2025
The market has focused on ZEC’s volatility, momentum, and narrative revival. Meanwhile, NEAR earns steady revenue regardless of where ZEC trades. As aixbt put it, NEAR “gets $84M annual revenue regardless of ZEC price. ZEC holders get volatility. One pays bills. The other pumps charts.” It’s a sharp contrast between business fundamentals and market sentiment.
Some community members asked whether NEAR might eventually use this growing revenue stream for token buybacks. aixbt noted there is no announced buyback program yet, with the team prioritizing product development over capital allocation changes. That decision signals confidence in long-term network growth rather than short-term price engineering.
This raises a broader question about how the market values protocols. ZEC’s privacy resurgence may continue to fuel speculation and narrative hype. But NEAR is monetizing the same trend by providing the settlement layer and infrastructure needed to support real usage. Privacy is not just a narrative for NEAR. It is a revenue engine.
If the integration keeps scaling and more users demand private transactions, NEAR could evolve into one of the most profitable L1s in the space. Whether the market eventually rewards that remains unclear. For now, investors are chasing ZEC candles while NEAR is collecting fees in the background.
In a market that often values excitement over earnings, this dynamic is worth paying attention to.
Read also: Here’s How High XRP Price Could Go This Week
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Everyone’s Watching ZEC’s Chart, But NEAR Is Taking the Cash appeared first on CaptainAltcoin.
See original
$BTC $ETH $ZEC king, queen, prince
🚀🚀🚀
The night before Ethereum's epic surge! Three major positive catalysts are igniting simultaneously, this time it really is taking off! $ETH $BTC $ZEC
Just received three heavyweight news that could rewrite history:
🔥 Traditional financial giant SWIFT officially announces: Launching the Ethereum L2 network Linea in 2025! 30 top banks are collectively entering the scene, the giant ship of traditional finance is sailing into the crypto world, XRP is completely out!
💥 Bitwise's Chief Investment Officer issues a heavy warning: The December Fusaka upgrade is a severely underestimated ace! It directly enhances ETH's value capture ability + significantly reduces L2 fees, the rebound engine has already ignited!
🐋 A mysterious giant whale suddenly awakens, crazily scooping up 450,000 ETH (worth over $1.2 billion)! Historical data shows that this whale's every move is a precise bottom signal, never missing!
But crises are also lurking:
· 9 major institutions have swallowed up $18 billion in ETH, nearing a total of 10%
· Vitalik issues a red alert: Holding over 20% will be the collapse red line!
· He strongly warns: Don't let Wall Street turn Ethereum into a corporate private chain!
🎯 Smart money is laying out like this:
· Focus on betting on the L2 ecosystem that directly benefits from Ethereum upgrades
· Institutions must retreat immediately once holdings exceed 20%
· Short-term volatility is intensifying, remember to build positions in batches
The more chaotic traditional finance is, the crazier crypto assets become! This once-in-a-lifetime opportunity, are you ready?
👇 Directly start the conversation in the comments:
Are you in on this wave of ETH? Which L2 sector are you betting on the most? Let's seize this wave of wealth together!
The night before Ethereum's epic surge! Three major positive catalysts are igniting simultaneously, this time it really is taking off! $ETH $BTC $ZEC
Just received three heavyweight news that could rewrite history:
🔥 Traditional financial giant SWIFT officially announces: Launching the Ethereum L2 network Linea in 2025! 30 top banks are collectively entering the scene, the giant ship of traditional finance is sailing into the crypto world, XRP is completely out!
💥 Bitwise's Chief Investment Officer issues a heavy warning: The December Fusaka upgrade is a severely underestimated ace! It directly enhances ETH's value capture ability + significantly reduces L2 fees, the rebound engine has already ignited!
🐋 A mysterious giant whale suddenly awakens, crazily scooping up 450,000 ETH (worth over $1.2 billion)! Historical data shows that this whale's every move is a precise bottom signal, never missing!
But crises are also lurking:
· 9 major institutions have swallowed up $18 billion in ETH, nearing a total of 10%
· Vitalik issues a red alert: Holding over 20% will be the collapse red line!
· He strongly warns: Don't let Wall Street turn Ethereum into a corporate private chain!
🎯 Smart money is laying out like this:
· Focus on betting on the L2 ecosystem that directly benefits from Ethereum upgrades
· Institutions must retreat immediately once holdings exceed 20%
· Short-term volatility is intensifying, remember to build positions in batches
The more chaotic traditional finance is, the crazier crypto assets become! This once-in-a-lifetime opportunity, are you ready?
👇 Directly start the conversation in the comments:
Are you in on this wave of ETH? Which L2 sector are you betting on the most? Let's seize this wave of wealth together!
See original
$ZEC Zcash is the insurance of Bitcoin. Trillion!
Binance News
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Analyst: Zcash could have a detrimental effect on Bitcoin at a critical moment
According to Cointelegraph, Bloomberg senior ETF analyst Eric Balchunas warned that Zcash could have a detrimental effect on Bitcoin at a critical moment. He stated on X that Zcash has 'third-party candidate' characteristics that could dilute Bitcoin's political and cultural support.Arman Meguerian and Samson Mow believe that Bitcoin supporters will not turn to Zcash. Critics accuse Zcash of creating hype, and Mark Moss and Rajat Soni question Zcash's market behavior.The Winklevoss twins support Zcash, believing it has advantages in privacy transactions and have launched the first Zcash-focused Cypherpunk Tech company.
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XRP is a pure air coin. ETH Ethereum has received the strongest endorsement, and its second layer Linea represents a more open and decentralized future.
GAIB is reshaping the future of finance: When AI meets Blockchain, traditional banks are in panic!
@GAIB AI #GAIB
Last night, the global financial system quietly completed a monumental shift: SWIFT officially announced that its 2025 cross-border payment pilot will be based on a high-performance Ethereum Layer 2 network. This heavy news instantly broke through the financial and crypto circles, but those truly in the know have long turned their eyes to an even more cutting-edge track—yes, just like @gaib_ai, which is deeply weaving real-world assets (RWA) and artificial intelligence (AI) into the DeFi framework.
On this new track, @GAIB AI has not just been a spectator but has proactively built a financial system that brings AI infrastructure on-chain—connecting real-world assets (RWA), AI computing power, and DeFi returns.
Last night, the global financial system quietly completed a monumental shift: SWIFT officially announced that its 2025 cross-border payment pilot will be based on a high-performance Ethereum Layer 2 network. This heavy news instantly broke through the financial and crypto circles, but those truly in the know have long turned their eyes to an even more cutting-edge track—yes, just like @gaib_ai, which is deeply weaving real-world assets (RWA) and artificial intelligence (AI) into the DeFi framework.
On this new track, @GAIB AI has not just been a spectator but has proactively built a financial system that brings AI infrastructure on-chain—connecting real-world assets (RWA), AI computing power, and DeFi returns.
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$ZEC trillion!
This article will be the final issue for the disassembly research on ZEC.
This article has been written over two days, conducting some new research reports, and the final part of the article addresses the most important question.
First, we need to know that the current market value of ZEC is in the tens of billions.
The chart shows that the current market value of liquid coins is 8.4 billion US dollars, with a total market value of 10 billion. Currently, there are 16.32 million liquid tokens available for trading in the market, with a total supply of 21 million tokens.
Imagine if any coin in the crypto world could achieve a market value that completely covers its worth? If an issuer issues a token and it has a market value of over 100 million, would the project team be willing to sell it to you if you said you would buy it for 10 million, with buyers lining up from China to the United States?
First, we need to know that the current market value of ZEC is in the tens of billions.
The chart shows that the current market value of liquid coins is 8.4 billion US dollars, with a total market value of 10 billion. Currently, there are 16.32 million liquid tokens available for trading in the market, with a total supply of 21 million tokens.
Imagine if any coin in the crypto world could achieve a market value that completely covers its worth? If an issuer issues a token and it has a market value of over 100 million, would the project team be willing to sell it to you if you said you would buy it for 10 million, with buyers lining up from China to the United States?
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Japan's long-term bond yields are hitting decades-high levels (20-year nearing 2.8%, 40-year close to 3.7%). This is not a mild rate hike, but rather a spring that has suddenly sprung after being suppressed for many years.
It's starting now, please stop bottom fishing $BTC .
Let's talk about a scary thing that hasn't yet registered in the Chinese community but has been dominating discussions in the English-speaking world these past few days: the 'invisible foundation' of the global financial system—Japan—is shaking violently.
For the past thirty years, global asset prices (U.S. bonds, tech stocks, real estate) have actually been supported by Japan's ultra-low interest rates. This is the underlying logic of the Carry Trade: borrowing nearly zero-cost yen to buy high-yield assets around the world. Trillions of dollars of 'free funds' have flowed to the entire world in this way.
But this month (2025.11), this logic has changed.
The yield on Japanese long-term bonds is hitting decades-high levels (20-year nearing 2.8%, 40-year close to 3.7%). This is not a gentle rate hike, but a spring that has suddenly sprung after being suppressed for years.
What does this mean?
Financing becomes expensive: borrowing costs soar.
Exchange rate risk: if the yen fluctuates, margin pressure will force institutions to close positions passively.
The unwinding of the Carry Trade is not a theory, but a trillion-dollar reverse flow that is happening. In favorable winds, Japan's liquidity nourishes the world; in adverse winds, global liquidity is withdrawn.
In the face of this macro tidal wave, looking at the recent fluctuations in the cryptocurrency market, it really feels like the crypto market is too small.
The world assumed Japan would remain still, but now, it has truly started to move.
Let's talk about a scary thing that hasn't yet registered in the Chinese community but has been dominating discussions in the English-speaking world these past few days: the 'invisible foundation' of the global financial system—Japan—is shaking violently.
For the past thirty years, global asset prices (U.S. bonds, tech stocks, real estate) have actually been supported by Japan's ultra-low interest rates. This is the underlying logic of the Carry Trade: borrowing nearly zero-cost yen to buy high-yield assets around the world. Trillions of dollars of 'free funds' have flowed to the entire world in this way.
But this month (2025.11), this logic has changed.
The yield on Japanese long-term bonds is hitting decades-high levels (20-year nearing 2.8%, 40-year close to 3.7%). This is not a gentle rate hike, but a spring that has suddenly sprung after being suppressed for years.
What does this mean?
Financing becomes expensive: borrowing costs soar.
Exchange rate risk: if the yen fluctuates, margin pressure will force institutions to close positions passively.
The unwinding of the Carry Trade is not a theory, but a trillion-dollar reverse flow that is happening. In favorable winds, Japan's liquidity nourishes the world; in adverse winds, global liquidity is withdrawn.
In the face of this macro tidal wave, looking at the recent fluctuations in the cryptocurrency market, it really feels like the crypto market is too small.
The world assumed Japan would remain still, but now, it has truly started to move.
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$ZEC Are you afraid of small price fluctuations?
Don't be so timid. A drop is for buying. $BTC $ETH
Don't be so timid. A drop is for buying. $BTC $ETH
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$ZEC The $750 whale is estimated to be liquidated 🐳 Never go against the trend. Zcash trillion!
$ZEC is again the rhythm of a liquidation short! Zcash trillion!
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BTCVSGOLD
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Yesterday in Dubai, Peter Schiff walked on stage holding a gold bar.
CZ asked him one simple question: “Is it real?”
Schiff replied: “I don’t know.”
The London Bullion Market Association later confirmed what gold experts already know. There is only one way to verify gold with 100 percent certainty: melt it.
Verification requires destruction.
Bitcoin does not.
It self-verifies in seconds. No experts. No labs. No trust.
A public ledger secured by math, instantly checkable by 300 million people from anywhere in the world.
For 5,000 years, gold’s monetary premium came from scarcity.
But scarcity means nothing if authenticity cannot be proven.
The numbers most people never mention:
Five to ten percent of the global physical gold market is tied to counterfeit gold.
Every vault, every bar, every transfer relies on trusting someone.
Bitcoin requires trusting no one.
Gold’s market cap of 29 trillion dollars is built on “Trust me.”
Bitcoin’s 1.8 trillion is built on “Verify it yourself.”
This is not a battle between speculation and stability.
It is a full inversion of verification costs in the 21st century.
When the leading voice of the gold camp cannot verify the bar in his own hand, the argument writes itself.
Physical assets that cannot prove themselves will lose their monetary premium to digital assets that can prove themselves every 10 minutes, every block, forever.
The question is no longer “Is Bitcoin real money?”
The real question is: “Was gold ever verifiable money in the first place?”
#BinanceBlockchainWeek #BTCVSGOLD
KaiZXBT
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