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ZEC is up 160% and the Zcash Foundation just cleared its biggest overhang

Zcash is trading near $578, up more than 160% since late March and 680% from its October lows around $74. The rally got fresh fuel this week when the Zcash Foundation announced the SEC had closed its investigation without enforcement action, removing a regulatory cloud that had hung over the privacy-focused protocol for months. The move comes as privacy coins see renewed demand, and it positions ZEC as one of the year's strongest-performing layer-one tokens. Meanwhile, BlackRock's IBIT bled $190 million on Monday, contributing to the largest single-day Bitcoin ETF outflow in weeks as spot products recorded $649 million in net withdrawals.

Trump Era To Begin At The Fed With Kevin Warsh — Warsh will be sworn in as the 17th Federal Reserve Chair on Friday, inheriting an economy rattled by geopolitical instability and ending Jerome Powell's eight-year tenure.

Echo Protocol Regains Control After Admin Key Exploit — Echo Protocol has burned the 955 $eBTC remaining in the attacker's wallet after regaining control of its compromised admin key, partially resolving the $76 million exploit that hit the Monad-based bridge on May 19.

Musk waited too long, jury says, ends $150B OpenAI suit — A federal jury in Oakland unanimously rejected Elon Musk's lawsuit against OpenAI and CEO Sam Altman, clearing the company on all claims in a dispute that had sought up to $150 billion in damages.

North America's biggest Bitcoin ATM network just went dark — Bitcoin Depot, once the largest BTC ATM operator in North America, has filed for Chapter 11 bankruptcy and shut down its entire kiosk network.

CLARITY Act Moves Closer To Law

The Digital Asset Market Clarity Act cleared the Senate Banking Committee in a 15-9 bipartisan vote last week, with Democratic Senators Ruben Gallego of Arizona and Angela Alsobrooks of Maryland joining Republicans to advance the bill. The legislation would establish a regulatory framework separating commodities from securities in digital asset markets, and it now moves to a full Senate floor vote. Galaxy Research analysts view the committee passage as a significant milestone in efforts to build durable crypto policy in the United States.

Japan's Financial System Will Recognize Ripple's RLUSD Stablecoin

Japan's Financial Services Agency has formally recognized foreign-issued stablecoins as legitimate electronic payment instruments under domestic law, clearing a major regulatory hurdle for assets including Ripple's $RLUSD. The move positions Japan as one of the first major economies to integrate dollar-backed stablecoins into its regulated financial infrastructure. Separately, SBI Holdings is pushing to launch Bitcoin and XRP ETFs on the Tokyo Stock Exchange, pending regulator approval.

Ethereum Foundation Exodus Grows

The Ethereum Foundation saw two more top researchers resign on Monday, bringing the total number of high-profile departures to at least eight in recent months. Julian Ma and Carl Beek ended their respective four- and seven-year tenures at the organization, with Ma having contributed to Ethereum's censorship-resistant properties and Beek focused on cross-layer interoperability. The exodus comes as Ethereum's staking ratio climbed from 29% to 31% year-to-date, even as ETH has shed roughly 26% of its value in the same period.

What Are Canton Network Super Validators?

Canton Network's Super Validators represent an invitation-only class of nodes running the network's shared privacy infrastructure for institutional finance. This deep dive breaks down how the validator architecture works, who operates them, and why traditional finance players are building on a permissioned layer designed for privacy-preserving synchronization across siloed enterprise systems.

20,229 — Number of Bitcoin wallets holding at least 100 BTC, up 11.2% year-over-year, according to Santiment. At current prices near $76,700, that represents a minimum balance of $7.67 million per wallet.

$342.2M — Solana's total application revenue (Chain GDP) in Q1 2026, holding roughly flat quarter-over-quarter despite broader market headwinds, per Messari.

31% — Ethereum's current staking ratio, up from 29% at the start of 2025, even as the token has declined 26% year-to-date.

$649M — Total net outflows from U.S. spot Bitcoin ETFs on May 18, marking one of the sharpest single-day withdrawals in recent weeks.

$450M — Value of the 5,847 BTC BlackRock transferred into Coinbase Prime custody, adding to a pattern of large on-chain movements linked to the asset manager.

7,500+ — Total Bitcoin holdings of American Bitcoin Corp (ABTC), the Nasdaq-listed accumulation vehicle co-founded by Eric Trump, placing it among the 15 largest corporate BTC treasuries globally.

Tether South Korea trademarks — Tether has filed seven trademark applications in South Korea covering its corporate name, logo, and Tether Gold, positioning itself ahead of the country's incoming stablecoin regulations.

Sui joins Ramp — Sui Network is now supported on Ramp's Stablecoin Account, giving USDC-on-Sui a direct route into the corporate finance platform used by more than 50,000 businesses for treasury management and vendor payments.

Bybit lists USD1 — Bybit has listed USD1, the dollar-backed stablecoin issued by World Liberty Financial, and integrated WLFI rewards into its platform, marking one of the first major exchange integrations for the Trump-affiliated token.

THORChain fix incoming — THORChain says it understands the roughly $10 million exploit from May 15 and is shipping version 3.18.1 tomorrow, pending a governance vote to activate the patch.

Until Friday.