Crypto Cryptocurrency

Zcash (CRYPTO:ZEC) has climbed about 1,190% over the past year to around US$545, earning a place on Forbes' list of the top 10 cryptocurrencies.

Ethereum (CRYPTO:ETH) held above US$1,800 for three straight days as large investors bought about 11,306 ETH worth US$20.6 million.

Bitcoin (CRYPTO:BTC) has climbed from about US$57,700 to above US$64,000, with CryptoQuant saying July's seasonal strength is helping the recovery.

Bitcoin (CRYPTO:BTC) traded near US$64,000 after US President Donald Trump warned of possible military action against Iran, adding fresh uncertainty to financial markets.

Strategy Executive Chairman Michael Saylor said Bitcoin (CRYPTO:BTC) could become a global digital capital asset by 2036, with wider adoption by companies, banks and governments.

Coinbase Chief Policy Officer Faryar Shirzad said the CLARITY Act would strengthen US oversight of digital assets rather than weaken national security.

BlackRock's BUIDL fund has grown to more than US$900 million on Avalanche (CRYPTO:AVAX), helping lift its total assets to about US$2.87 billion.

The Cambridge Centre for Alternative Finance said Ethereum (CRYPTO:ETH) reduced its electricity use by more than 99.9% after switching to proof-of-stake in September 2022.

The stablecoin market has shrunk by about US$10 billion since May as Tether (CRYPTO:USDT) and USD Coin (CRYPTO:USDC) recorded large redemptions.

Ripple nearly shut down after the US Securities and Exchange Commission sued the company over XRP (CRYPTO:XRP) in 2020.

Empery Digital sold 1,400 Bitcoin (CRYPTO:BTC) for about US$87.1 million to fund an AI data centre project and reduce debt.

Grayscale has classified XRP (CRYPTO:XRP) as a global payments asset in its latest digital asset framework.