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Zcash (ZEC) price surges 10% as privacy coins rally, boosted by Zashi CrossPay

  • Privacy coins like Monero and Dash outperform the broader crypto market.
  • Zashi CrossPay enables cross-chain private transactions for shielded ZEC.
  • Technical indicators (RSI & MACD) support continued bullish momentum.

While top coins continued to struggle amid ongoing broader market turbulence, the privacy coin Zcash (ZEC) has extended recent gains as the price broke to highs of $55.

Zcash ranked among the standout performers in the 100 largest coins by market cap early Wednesday. With over 10% gains in 24 hours, ZEC is also green on the weekly time frame and well off the lows of $46 reached on Monday.

The altcoins’ uptick aligns with a broader resurgence in privacy-focused digital assets.

Zcash price gains 10% amid surge for privacy coins

On September 23, Zcash’s native token, ZEC, dropped to lows of $48 as bulls struggled with overall sell-off pressure.

However, with key network milestones in place, a focus on privacy coins has seen ZEC bounce sharply with a robust 10% increase over the past 24 hours.

On September 24, bulls have pushed its price to above $55.

This surge follows a notable rally in early May, when ZEC briefly touched the resistance area around $56.

Bulls are looking to retest the key supply zone, and a 21% spike in daily trading volume to beyond $123 million suggests buyers are on top.

Zcash price chart by TradingView

Notably, the uptick is part of a larger wave lifting privacy coins across the sector.

The privacy token category, which includes frontrunners like Monero (XMR) and Dash (DASH), has seen gains for XMR, DASH, DCR and ZANO.

According to CoinGecko, privacy coins outperformed the global crypto market in the past 24 hours.

Whereas the global crypto market cap has shrunk below $4 trillion, privacy coins are recording a 4% surge to over $8.2 billion.

Macroeconomic pressures, including geopolitical tensions and heightened regulatory scrutiny on transparent blockchains, have catalysed interest in privacy blockchains.

Zcash’s zk-SNARK technology positions it uniquely, allowing users to opt for shielded transfers that conceal sender, receiver, and amount information.

ZEC price outlook amid Zashi CrossPay feature

Adding fuel to Zcash’s ascent is the recent rollout of the Zashi CrossPay feature, a pivotal upgrade announced by the Electric Coin Company (ECC) on September 16, 2025.

CrossPay extends Zcash’s zero-knowledge proofs to cross-chain payments, allowing holders of shielded ZEC to execute private transactions on external blockchains via Near Intents.

Users can now convert and send ZEC seamlessly to recipients on other networks without exposing metadata or transaction histories, addressing a long-standing barrier in multi-chain ecosystems.

Zashi, ECC’s self-custodial mobile wallet, serves as the gateway for this functionality.

Built with a privacy-first ethos, it minimizes data leakage and supports features like encrypted memos. The CrossPay rollout transforms Zcash from a siloed privacy tool into a versatile payment layer.

Zcash’s shielded transaction volume has jumped amid this rollout, and future integrations could fortify ZEC’s traction.

Technical indicators bolster the bullish outlook for Zcash’s price. A look at the daily chart shows the Relative Strength Index is above 60, indicating potential for further gains.

The MACD indicator also signals a bullish crossover, with the Zcash price retesting a key level after a technical breakout.

The post Zcash (ZEC) price surges 10% as privacy coins rally, boosted by Zashi CrossPay appeared first on CoinJournal.

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Crypto market news: BTC near $112K, ETH drops below $4,200 as fear grips traders

  • Bitcoin hovers above $112K, with bulls defending key support.
  • Ethereum drops 7% weekly as ETF outflows pressure sentiment.
  • Institutions stay invested, betting on a stronger Q4 recovery.

Crypto markets are still reeling from a fierce “Red September” selloff that has sent jitters through traders and investors alike.

There is a strong undercurrent of caution right now with investors watching the macro headlines, especially the Fed’s latest moves, and feeling heat from a resurgent US dollar and mounting regulatory uncertainties.

The fear factor is high among retail traders, especially with meme coins back in panic territory, but interestingly, big institutions haven’t cleared out.

That says a lot about the market’s long-term resilience.

For all the volatility, veteran investors seem to believe this selloff could be paving the way for a healthier Q4, especially if some regulatory clarity and macro relief finally show up.

Major crypto movers

Bitcoin’s been tossed around all week, trying to hold firm just above the $112,000 mark.

Despite all the drama, BTC’s daily change has been pretty muted, but it’s still down roughly 2% over the past seven days.

The tension is palpable; there’s talk that a slip below $112,000 could trigger another rapid drop, but so far, bulls are digging in their heels.

Ethereum is also fighting for higher ground, currently near $4,200.

Its weekly loss is steeper than Bitcoin’s, about 7% and analysts see ETF outflows and seasonal September trading patterns in play.

For Solana, it’s a similar story, with sellers driving the price toward $216, the coin shedding more than 2% in the latest session, and short-term holders running for cover.

XRP has been a mild outlier, eking out some gains where most heavyweights reversed. It bounced up to around $2.86 and stayed resilient after threatening a breakdown below key support.

DOGE, however, lost some of its shine, dropping just over 1% today as meme coin enthusiasm fizzled after the big liquidations.

Even with all the noise, the big coins aren’t in catastrophic territory, but the road to recovery is littered with caution tape.

Market update: News and broader trends

This latest bout of selling is being blamed on a handful of big-picture trends.

First and foremost, traders point to the Fed’s mixed messaging, a rate cut that should excite risk assets paradoxically made the US dollar even stronger, making it tougher for speculative bets on crypto to thrive.

Huge liquidations have unfolded, with more than $1.65 billion in leveraged longs forced out of the market.

Meme coins bore the brunt of the panic, but strong institutional flows suggest bigger players are sticking to their long game.

Regulatory uncertainty is a running theme, debates in the US and Europe over tougher anti-money laundering rules and crypto tax policies have stoked investor anxiety.

There are also worries over trade tensions and new tariffs added to US imports from India, Taiwan, and Canada, further muddying the waters and keeping risk appetite subdued.

Yet there’s a strange sense of optimism simmering.

Many believe the panic has set the stage for a more sustainable rally later in the year, especially if macro and regulatory conditions stabilize.

Institutional adoption, fresh network upgrades, and the possibility of new Bitcoin-related policies, perhaps even news from President Trump’s upcoming speech, are keeping hope alive that the tide could turn before year-end.

The post Crypto market news: BTC near $112K, ETH drops below $4,200 as fear grips traders appeared first on CoinJournal.

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BNB price prediction: bulls target $1,200, but bearish divergence hints at a 20% drop

  • Binance Coin (BNB) could rise to $1,229 if it breaks its current all-time high.
  • Institutional BNB accumulation and Fed rate cuts support long-term bullish momentum.
  • An RSI bearish divergence, however, hints at a possible pullback.

Binance Coin (BNB) has once captured market attention after surging to a new all-time high (ATH) above the $1,000 mark, fueled by institutional accumulation, macroeconomic shifts, and growing on-chain confidence.

The cryptocurrency, currently trading around $1,023, sits close to its all-time high of $1,079 but faces a delicate balance between bullish momentum and technical risks that could trigger a sizeable correction.

Institutional bets fuel optimism

BNB’s rise has been supported by institutional adoption.

Nasdaq-listed BNB Network Company, the treasury arm of CEA Industries, confirmed a $160 million BNB purchase in August as part of its $500 million treasury strategy.

The move echoes MicroStrategy’s early Bitcoin play, positioning the firm as a key public vehicle for BNB exposure.

The company also authorised a $250 million stock buyback program, reflecting its confidence in both its own growth and the long-term value of BNB.

Other corporates, including Nano Labs and Windtree Therapeutics, are reportedly exploring similar strategies, suggesting that BNB is becoming an attractive reserve asset.

Derivatives data point to bullish bias

Alongside corporate interest, derivatives data reveal a positive funding rate of 0.0062%, signalling that long traders are paying shorts.

Historically, such flips from negative to positive have preceded sharp rallies, and open interest in BNB futures recently reached an all-time high of $2.4 billion.

This suggests new money is flowing into the market, reinforcing the case for continued upside momentum.

Technical indicators are also bullish, with the Moving Average Convergence Divergence (MACD) showing a bullish crossover, and the Relative Strength Index (RSI) at 63.53, indicating strong momentum, though it edges close to overbought levels.

If BNB breaks above its recent high of $1,079, it could quickly move toward $1,229, a level aligned with the 141.4% Fibonacci extension.

Bearish divergence clouds outlook

Despite the optimism, warning signs have emerged on the charts.

BNB’s recent highs have formed alongside lower RSI readings, creating a bearish divergence that typically signals fading momentum.

Similar divergences in 2024 triggered corrections of between 20% and 37%, raising concerns that a repeat could drag BNB lower in the short term.

If selling pressure builds, key downside targets sit at the 20-day EMA near $947 and the 50-day EMA around $882.

A steeper decline could even test the 200-day EMA near $747, which would amount to a 25% drop from current levels.

Traders should closely watch these supports to gauge whether BNB can withstand the broader market correction.

The macro drivers at play

The wider crypto rally has also been influenced by macroeconomic shifts.

The US Federal Reserve cut rates by 25 basis points on September 17, fueling risk appetite and lowering bond yields.

This policy move makes crypto staking rewards, such as BNB’s 4–6% APY, more attractive compared to traditional assets. It also weakens the dollar, encouraging capital to rotate into digital assets.

BNB’s performance has mirrored these developments, rising 2.06% in the past 24 hours and outperforming the broader crypto market, which rose just 0.46% in the same period.

The post BNB price prediction: bulls target $1,200, but bearish divergence hints at a 20% drop appeared first on CoinJournal.

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Ethena’s USDe stablecoin makes US debut with Kraken listing

  • The stablecoin gains its first US exchange listing as adoption soars.
  • USDe gains traction since it’s different from established USDT and USDC.
  • The listing could enhance liquidity and trader trust in Ethena’s ecosystem.

Ethena Labs’ synthetic dollar stablecoin USDe is gaining notable traction in the cryptocurrency market.

Less than a day after Binance launched a rewards program for the asset, USDe has officially entered the United States through Kraken.

The move is crucial in pushing Ethena’s stablecoin into international markets.

Kraken has confirmed it will open trading soon, allowing traders in America to access an innovative stablecoin that’s different from traditional fiat-pegged alternatives like Circle’s USDC and USDT.

How Ethena’s USDe works

While USDT and USDC use bank-held fiat reserves, USDe leverages delta-neutral hedging with BTC and ETH derivatives to maintain a dollar peg.

The approach aims to build a censorship-resistant, on-chain stable token while avoiding dependence on third-party and centralized custodians.

Proponents suggest that USDe’s design heralds the next wave of stablecoin revolution, which promises the reliability and efficiency that matches blockchain’s decentralization code.

Also, the asset has gained popularity due to its yield-bearing offerings, allowing individuals to earn passive returns from idle stablecoin balances.

Participants can stake USDe and receive sUSDe, which compounds yield with time.

The regulatory significance

Besides bolstering USDe’s adoption, Kraken’s listing sets the stablecoin ahead in compliance.

Authorization to join a licensed US exchange generally involves significant regulatory and legal checks, which Ethena has likely passed.

The move adds a layer of credibility to the synthetic dollar protocol.

One X user commented on its US debut, stating:

USDe hitting a US exchange signals more than growth. It’s validation. The synthetic dollar is no longer a niche.

Compliance is vital since it may reassure investors and traders of the asset’s safety.

Stablecoin competition intensifies

While USDT and USDC dominate the current stablecoin industry, USDe rises as a serious contender.

Ethena’s stablecoin sees remarkable growth as it attracts participants seeking more decentralized options.

USDe ranks 3rd with its $14.43 billion market cap, far below USDT ($172.83 billion) and USDC ($74.03 billion).

The stablecoin rivalry would likely surge in the coming times.

Established projects should adjust and adopt accommodating models.

ENA price outlook

Ethena’s native coin traded in the green amidst the Kraken news.

ENA has gained more than 4% on its daily price chart to $0.6156.

The altcoin braces for impressive growth as USDe strengthens the Ethena ecosystem.

Meanwhile, bulls should hold the support barrier at $0.60 to keep the upside steam in the near-term.

Breaching the support zone at $0.50 to the downside will invalidate ENA’s bullish trajectory with notable price dips or sideways.

The post Ethena’s USDe stablecoin makes US debut with Kraken listing appeared first on CoinJournal.

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BlackRock’s crypto ETFs generate $260 million annual revenue

  • BlackRock crypto ETFs earn $260M, with $218M from Bitcoin and $42M from Ether products.
  • Bitcoin ETF nears $85B AUM, holding 57.5% of US spot Bitcoin ETF market share.
  • ETF inflows may fuel Bitcoin rallies; inclusion in 401(k)s could push BTC toward $200K.

BlackRock’s cryptocurrency-focused exchange-traded funds (ETFs) have emerged as a highly profitable venture, generating $260 million in annualized revenue, according to recent data shared by Leon Waidmann, head of research at the nonprofit Onchain Foundation.

The revenue includes $218 million from Bitcoin ETFs and $42 million from Ether-based products.

The performance underscores the growing role of regulated crypto investment products in institutional finance.

BlackRock’s success is being closely watched by other traditional asset managers as a potential benchmark for launching similar offerings in the rapidly evolving digital asset sector.

Bitcoin and Ether ETFs as institutional gateways

Analysts highlight the significance of BlackRock’s ETFs in positioning cryptocurrencies as a serious asset class within traditional finance.

Waidmann likened the ETFs’ trajectory to Amazon’s early business model, noting that the funds provide a practical entry point into the crypto ecosystem for institutional investors and retirement accounts.

“This isn’t experimentation anymore,” Waidmann said. “The world’s largest asset manager has proven that crypto is a serious profit center. That’s a quarter-billion-dollar business, built almost overnight. For comparison, many fintech unicorns don’t make that in a decade.”

The performance of these ETFs may encourage more institutional players to enter the crypto market, extending the current market cycle beyond the typical four-year Bitcoin halving-driven patterns.

Analysts suggest that inflows from corporate treasuries and ETF products could continue to drive demand for both Bitcoin and Ether.

Market impact and fund growth

BlackRock’s Bitcoin ETF is approaching a significant milestone, with total assets under management (AUM) nearing $85 billion.

This accounts for approximately 57.5% of the total US spot Bitcoin ETF market, according to blockchain data from Dune.

By comparison, Fidelity’s Bitcoin ETF holds $22.8 billion, representing 15.4% of market share, making it the second-largest US spot Bitcoin ETF.

The rapid growth of BlackRock’s fund is noteworthy given its short history, debuting on January 11, 2024.

In less than two years, it has climbed from being the 31st largest fund across both crypto and traditional ETFs to the 22nd largest, according to VettaFi.

Market analysts are optimistic that continued ETF inflows could support a renewed rally in Bitcoin prices.

Ryan Lee, chief analyst at Bitget exchange, suggested that the institutional appetite for crypto ETFs helps establish a bullish floor for risk assets, reinforcing a “buy the dip” strategy amid ongoing macroeconomic and policy uncertainty.

Additionally, there is speculation that the inclusion of cryptocurrency in US 401(k) retirement plans could further bolster demand for Bitcoin, with some projections estimating potential price targets as high as $200,000 by year-end, according to André Dragosch, head of European research at crypto asset manager Bitwise.

BlackRock’s crypto ETFs illustrate the increasing intersection of traditional finance with the digital asset market.

The funds’ performance demonstrates not only the profitability of regulated crypto products but also their capacity to attract institutional capital and provide a structured entry point for investors navigating the evolving crypto landscape.

The post BlackRock’s crypto ETFs generate $260 million annual revenue appeared first on CoinJournal.