Valour Expands Crypto Access With New Zcash ETP in Sweden

Bitget hackers moved $3.9M in stolen ZEC to Zcash's shielded pool after NEAR blocked most of a $50M swap attempt. Bitget faces challenges in tracing funds and handling $700M in withdrawals. THORChain continues processing cross-chain liquidity, unlike NEAR. Bitget's reserve ratio is 131% as of Sept. 29, according to the company.

The hacker who stole $387.5 million from Bitget has moved about 2,700 ZEC ($3.8 million) into Zcash's Ironwood shielded pool. Bitget's CEO and Elliptic suspect North Korean involvement. Near Intents rejected $50 million in related swaps, while Thorchain declined to block the attacker's addresses. Bitget's protection fund covers the losses, leaving customer balances unaffected.

Grayscale converted its Zcash Trust into the ZCSH ETF on NYSE Arca, offering direct ZECUSD exposure. THORChain added ZEC, enabling cross-chain liquidity. Grayscale noted ZEC's potential to gain from private digital payments. ZECUSD private transactions dropped, and ZCSH saw outflows before a share split. Zcash devs merged performance optimizations into the codebase.

A large Zcash holder, 0xf562, sold 25,001 ZEC for $37.84M, realizing a $27M profit. The whale had bought the coins at an average price of $425 two months prior. This sale may indicate shifting market dynamics and increased volatility for Zcash, according to CryptoTwitter commentator @lookonchain.

An address, 0xf562, sold 25,001 Zcash (ZEC) tokens for approximately $37.84 million on Sept. 29, realizing over $27 million in profit. The tokens were acquired two months prior at an average price of $425 each.

Zcash (ZEC) dropped 12.1% to $1,388.40, nearing liquidation levels for $20.086 million in long positions. Two large positions face liquidation near $1,358-$1,359, with unrealized losses of $2.137 million and $2.631 million respectively. Liquidation occurs when leveraged positions are forcibly closed due to market movements.