Zcash Drops 21% From Recent High—Heres Why the Rally May Not Be Over

In briefZcash trades at $1,333.50, down 7.29% on the day and about 21% below its $1,698.00 peak, after climbing roughly 253% from a $480.72 base.Grayscales Zcash ETF recorded a $30.25 million net outflow on Sept. 30, against $268 million in cumulative net inflows since launch.Its a rough stretch, but the charts suggest ZEC still has room to run.  Zcash is having a rough Thursday. ZEC is trading at $1,333.50, down 7.29% on the day, with about three hours left before the daily candle closes.  That puts the privacy coin roughly 21% below the $1,698.00 peak it hit in late September. It also shows how far ZEC had run: the coin climbed about 253% from a $480.72 base to that high.  Myriad: Where does XRP go next? Click to make your prediction.  The wider market isnt offering a lifeline. Bitcoin spiked to $85,600 on Wednesday after softer-than-expected PCE inflation data, then quickly gave it back. The 10-year Treasury yield closed at 5.29%, and the odds of an October Federal Reserve rate hike have fallen from 70% to below 50%, according to CME FedWatch.  Start with the ETF money. Grayscale launched its Zcash ETF, ticker ZCSH, on Aug. 25, and it had attracted $233 million in net

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Wall Street arrived in NEAR just as a $4 billion-a-month app got hacked

NEARs new US ETF is facing its first stress test days after launch as a $3.8 million ecosystem exploit hit the token.  Related Asset NEAR Protocol #17 NEAR · $4.82 24-hour change: down 8.97% Loading price history… 24H Down 8.97% 7D Up 2.31% 30D Up 154.50%  NEAR fell about 10% to $4.86 after NEAR Intents disclosed a security incident involving its Omni deposit-and-withdrawal infrastructure. The selloff came less than two days after Bitwise opened the token to US exchange-traded fund investors through its NEAR ETF, with the ticker NRR.  The fund began trading on NYSE Arca on Sept. 29 and attracted $35.5 million of net inflows on its first day. By Sept. 30, cumulative inflows had risen to over $50 million, while total net assets reached $52.8 million, equivalent to about 0.76% of NEARs market capitalization, according to SoSoValue data.  Related Company Bitwise The first cryptocurrency index fund  That timing gives the newly launched product an unusually early test of investor conviction. The ETF protects buyers from the operational burden of wallets, private keys, and direct staking, but its value still moves with NEAR, leaving shareholders exposed when problems elsewhere in the ecosystem undermine confidence in the token.  A $3.8 million exploit hits NEAR Intents  In an

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SEC proposes new crypto custody rules for investment advisers and funds

According to the 760-page proposal, the SEC will allow for self-custody by advisers seeking to hold their clients funds. The agency is using the term “self-custody” as an asset management firm practice, not how crypto companies typically use the term. It would first require that an adviser cant find a qualified custodian ready to take the assets, which would likely be an unusual circumstance after the rule is implemented, and it also requires certain expertise for the investment firm to hold crypto assets. Additionally, that ability to hold their own clients assets would have to be reviewed every quarter to see if a custodian has become available, an SEC official said.  The official granted that the circumstance for self-custody — which stems from an industry request to the Crypto Task Force — would likely be unusual, though it could apply to a newly launched token that custodians didnt yet support.  Atkins said that existing custody rules “were designed to protect the assets of advisory clients and regulated funds from loss, theft, misuse, and misappropriation,” but they only consider “the custody and safekeeping only of traditional assets — an untenable situation in the 21st century.”  The newly proposed rule, open for a 60-day public

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African businesses turn to stablecoins to cut payment delays, Kora CEO says

African businesses have increasingly turned to stablecoins over the past five years to address cross-border payment delays, dollar access, and settlement costs, according to Kora CEO Dickson Nsofor.  Dickson Nsofor, CEO of pan-African payment infrastructure platform Kora, told crypto.news that businesses increasingly see stablecoins as a way to resolve payment problems that have complicated trade across African markets.  Drawing on his experience building the company and working with merchants, he identified commercial payments, supplier settlements and cross-border payouts as areas of growing demand. In his account, interest is strongest where businesses face slow transfers, high costs, or difficulty obtaining liquidity.  Stablecoins address supplier payment delays and dollar access  Before founding Kora, Nsofor ran a hardware business in Nigeria, where paying a manufacturer in China could take 10 to 14 days, he recalled. Transfers passed through several correspondent banks, and an error could extend the wait.  For companies trying to trade or expand into another market, he said, receiving and settling money efficiently comes before other financial activity.  “They are solving a practical problem first. Businesses are seeing a way to move and settle value across borders more efficiently, and that creates the foundation for other financial activity.”  According to the payments executive, stablecoins can provide a dollar-based

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Bitgets $388M hack pushes Q3 crypto security losses past $1B

Losses from crypto security incidents climbed to $1.26 billion in the third quarter of 2026, largely driven by the $387.5 million hack of crypto exchange Bitget.  Losses rose 53.9% from $819.4 million in Q2, while the number of security incidents increased about 13% from 219 to 247, according to data from blockchain security company CertiK.  The Bitget hack accounted for about 31% of Q3 losses, making it the quarter‘s largest recorded incident under CertiK’s methodology. Liquid Networks $319 million exploit on Sept. 6 ranked second, followed by Tectonic at $120 million and the $112.7 million Coldcard theft.  Largest crypto industry incidents in Q3 2026 tracked by CertiK. Source: CertiK  CertiK recorded roughly $769 million in losses across 99 security incidents in September. About $273 million was frozen or returned, leaving adjusted losses of $495.3 million. Across 58 incidents, exploits accounted for $734 million, or nearly 96% of the months losses.  Bitget detected unauthorized transfers from some of its hot wallets on Sept. 24 and suspended withdrawals. The company said attackers exploited a vulnerability in a third-party security product to obtain internal credentials and forge withdrawal commands.  Related: SlowMist traces Bitget hack activity to Aug. 31 zero-day exploit

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Heres what happened in crypto today

Today in crypto, New York and Wyoming agreed to coordinate oversight of crypto companies, Binances use of an EU licensing exemption drew regulatory scrutiny and MetaMask began exiting affected Ethereum staking validators while investigating an undisclosed security incident.  New York, Wyoming team up on crypto oversight  Regulators in New York and Wyoming have agreed to coordinate oversight of crypto companies operating across both states, including licensing reviews, examinations and enforcement actions.  The agreement between the New York State Department of Financial Services (NYDFS) and the Wyoming Division of Banking will allow the regulators to share supervisory information and historical examination data. They also plan to coordinate examination schedules and could conduct joint reviews of firms operating in both jurisdictions.  Crypto companies already regulated in one state could also get a faster path to approval in the other. Firms that have held a license or charter for at least three years without facing enforcement action may qualify for an expedited review, with regulators targeting a decision within six months.  The pact also allows New York and Wyoming to share investigative information and coordinate potential enforcement actions.  The partnership brings together two states with markedly different approaches to crypto. New York has operated its stringent BitLicense regime since

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SEC Proposes Rules to Clear Up How Advisers and Funds Can Hold Crypto

In briefThe SEC proposed a tailored framework for how registered investment advisers and regulated funds can custody crypto, seeking to clarify which arrangements satisfy the “qualified custodian” standard that has long kept firms hesitant to offer digital-asset strategies.The plan would permit self-custody under certain conditions, allow state trust companies to serve as custodians, and update audit and broker-dealer custodial rules.Its the latest in the SECs post-Clarity Act build-out, alongside the innovation exemption and Regulation Crypto Assets.  The Securities and Exchange Commission is moving to settle one of the thorniest questions in institutional crypto: how professional money managers are supposed to hold the assets.  The agency on Wednesday proposed a tailored framework governing how registered investment advisers and regulated funds can custody crypto, aiming to replace years of regulatory ambiguity with a clear compliance path.  Myriad: Who wins the midterm elections? Click to make your prediction.  Advisers are required to keep client assets with “qualified custodians” that meet strict safekeeping standards, but it has long been unclear which crypto arrangements satisfy that bar, leaving many firms hesitant to offer digital-asset strategies at all.  The proposal, issued under the Investment Advisers Act of 1940 and the Investment Company Act of 1940, would ease that bottleneck in several

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Claude AI Predicts ADA: Nine Years of Compression Ends?

Brazils state oil giant is piloting Cardano to verify fuel emissions claims. Separately, Cardano joined the x402 SDK, letting AI agents pay in ADA. Two adoption stories in one week, and ADA has climbed nearly 20%. Claude AI predicts ADA faces a critical test, as the token pushes against a resistance level maintained for nearly nine years. Neither announcement generates immediate token demand.  For now, ADA trades at $0.2468, flat on the day after that weekly run.  Two research projects, both about proving environmental claims rather than moving money. The first covers sustainable aviation fuel. Under the book-and-claim model, airlines can buy the environmental benefit of cleaner fuel even when that fuel is burned elsewhere, which creates a double-counting problem.  Cardano records who owns each benefit and whether it has been claimed. The second track, Diesel R, Petrobrass diesel made partly from vegetable oils and animal fats. Here, the ledger builds a production-to-use history that supports Scope 3 emissions reporting.  Frederik Gregaard, CEO of the Cardano Foundation, framed it as continuity rather than a breakthrough: “Brazil has been one of the most consistent adopters of Cardano. Its great to see Petrobras continue to see value in on-chain provenance.”  The important caveat is scale. Both projects

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Reddit Is Killing RSS Feeds and Public API Access to Fight AI Scrapers

In briefReddit will stop supporting RSS feeds on November 13, 2026, and says there is no replacement for anyone using them outside communities they moderate.New public API requests stop October 31, 2026, and all remaining public access closes in March 2027, with apps pushed to Reddits Developer Platform and a $1 million migration fund.Reddit cites scraping and automated abuse, and has struck AI data deals with Google and OpenAI while suing Anthropic and Perplexity.  Reddit is shutting two of the main ways outsiders pull data from the site. The company said in an announcement yesterday that RSS feeds will stop working on November 13, and public access to its API closes in March 2027.  “In August, we shared plans to modernize Reddit‘s infrastructure, build better mod tools, and make it harder for bad actors to scrape Reddit and abuse communities. Today, we have specifics on what’s changing, when, and how to plan ahead,” Reddit said.  CS2 knife index next move: Pump to $220 or Dump to $110? Click to make your prediction.  RSS is a simple feed that lets an app check a page for new posts automatically. An API, short for application programming interface, is a front door that lets software request data

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Feds Jefferson signals patience as October rate hike odds fall to 23%

Federal Reserve Vice Chair Philip Jefferson has signaled that officials may need more time before changing rates again, as Polymarket odds cited in the latest report have fallen to 23% for an October hike from about 70% last week.  The Federal Reserve published Jefferson‘s Oct. 1 remarks to the University of Virginia’s Darden School of Business, where he said future policy changes should depend on economic trends, the outlook and the balance of risks. His speech followed a week in which traders reduced bets on another increase at the Oct. 27–28 meeting.  Jeffersons patience lowers expectations for an October Fed rate hike  After backing Septembers quarter-point increase, Jefferson said officials would need to form their own assessment of economic conditions before deciding on another move.  “My colleagues and I will need to come to our own judgment, which may take more time.”  In the same speech, he pointed to rising bond yields across maturities since the September meeting, describing the increase as a sign that investors were reassessing the economy. With additional data, he said, officials could better judge inflation trends and the appropriate policy setting.  Jefferson also maintained that inflation risks remained tilted upward, citing geopolitical developments and stronger-than-expected demand. His stated baseline was for

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