
Zcash Trades at an Eight-Year High on Grayscale's ETF Amendment
ZEC touched about $855 on Saturday, its highest price since January 2018, after Grayscale amended its filing to convert its Zcash Trust into a spot ETF.
Altcoins, ETH & general crypto

ZEC touched about $855 on Saturday, its highest price since January 2018, after Grayscale amended its filing to convert its Zcash Trust into a spot ETF.

The best combined ETF week since October 2025 landed the same morning a 04:00 UTC flash crash handed the rally its first long-side liquidation flush.

Ether hit a four-month high on Friday, four days after trading at $1,905 under its 200-day average. A $1B short squeeze led and $512M of ETF inflows followed.

Bitcoin traded above $72,000 intraday as roughly $3 billion in crypto shorts were liquidated, a day after the US Treasury doubled its long-dated bond buybacks.

The July FOMC minutes showed officials divided, with "many" saying rate hikes may be needed. Bitcoin held near $64,296 all session, then broke $65,000 into the release.

Citi's Custody+ folds digital assets into one platform with settlement, FX and cash management, starting with bitcoin custody for institutions later this year.

Crypto derivatives volume doubled to $149B on 18 August as funding hit a 20-month high, ETF flows flipped positive and Binance passed CME in futures open interest.

Ripple's prime-brokerage arm closed an upsized $275M private placement of senior unsecured notes rated BBB by KBRA, Bloomberg reported on 18 August.

A quiet Sunday close at $62,919 caps a 3% down week, with the Coinbase premium negative for a record 90 straight days and CME futures open interest at a 30-month low.

Bitcoin drifted to $62,812 on Saturday with 1.79 million BTC at break-even between $62,000 and $65,000 and long-term holders down 210,000 BTC since late July.

US spot bitcoin ETFs shed $389.7 million in the week to 14 August, their worst in six weeks, while Solana funds added $10.26 million, their best since mid-May.

Bitcoin fell to $62,875 after July retail sales dropped 0.6%, the first decline in nine months, and spot ETFs logged a third straight outflow day.