Zcash's co-founder wants to turn off the spigot for its grants program, which he says is sitting on over $125M.
The proposal would redirect ZEC inflation into a network reserve instead. The market reaction is clear: +8.3% on $154M volume, pushing price above the 20 and 50-day EMAs. This is a simple story: less ZEC for grantees means less potential sell pressure down the line.
The tape is front-running that idea, but the pump just sent the RSI to 73. Is this a fundamental shift in supply dynamics, or just exit liquidity on the news?
$ZEC
More of these coming today. Follow to catch them as they land.
The tape shows a new 7-day high at $0.0340 that was immediately sold off, with price now trading at 0.0275. It's still holding above its short-term moving average support around 0.0251, but the sellers made their presence known at the top of the range.
Was that rejection at the highs just healthy profit-taking, or is that the exit liquidity?
$HAEDAL
Follow for the next read — posted the moment the tape moves.
NIL ran 29% to hit 0.140 and got sent straight back down.
Price is now 0.123. An RSI of 85 is not a signal to chase a move that's already fading from its highs on $14M volume. It’s a signal that early buyers are taking profit.
Is that upper wick exit liquidity, or are you buying for another leg up?
$NIL
We post through the day, every day. Follow if this is useful.
A +20% day for CHIP on $14M volume, but it's the candle shape that has our attention.
Price wicked hard off the 7-day high of 0.0573 and is now consolidating just above the short-term moving averages. That's a textbook rejection at resistance.
The volume gives the initial move credibility, but the failure to hold the highs tells the real story. For now.
Is this a dip to buy for the real breakout, or was that the exit liquidity?
$CHIP
This desk posts all day. Follow to keep up with it.
Hong Kong just named a Nasdaq-listed Solana company a "strategic enterprise."
This grants direct government access, expedited hiring, and warm introductions to local institutions for its new validator operation. It's the only blockchain infrastructure company in this latest batch.
Hong Kong is picking a horse in the APAC infrastructure race, embedding a specific validator network into its long-term economic plan. Yet the tape isn't buying it. SOL sits at 100.25, under its EMA50 at 101.77, with an RSI of 36.
Bullish government signal, weak price action. Which one is lying?
$SOL
New reads post through the day. Follow so you don't miss the next one.
$6.88 was the ceiling we flagged on $UNI . Price closed back above it — $6.89 now. It flips into the floor that has to hold, and the upper range is open while it does.
Does $6.88 hold as support now, or is this a fakeout?
Price is pinned to the daily low of 0.00503 on $15M volume, trading under both the 20 and 50-period EMAs.
This is a structural breakdown, not a healthy pullback. The RSI at 40 isn't screaming oversold, meaning there’s fuel left to go lower before any real bounce is on the table. The nearest significant support is the 7-day low.
Are you catching this knife, or waiting for a test of 0.00450?
$T
This desk posts all day. Follow to keep up with it.
The same crypto profit can be taxed at 0% or over 55%, depending on where you live.
Japan: up to 55% today. Germany: tax-free after one year. UAE, Singapore, Hong Kong: no tax on individual gains. US: 0-20% long term, up to 37% short term.
India: a flat 30% on gains plus 1% TDS, and losses can't be set off against other income.
Not tax advice. Where would you rather live as a trader?
Indonesia lost $82 billion in two days, and MSCI is why.
On 15 Oct MSCI said Indonesia's Emerging Market status is "no longer appropriate" and proposed cutting it to Standalone, below Frontier. The Jakarta Composite fell 11.57% the next day, its worst since January 1998, and 14.8% over two sessions.
Goldman estimates a removal could mean about $5.6B of passive outflows. MSCI decides by 30 June 2027.