Zcash hits eight-year high
ZEC climbed 22% on Saturday and briefly approached $850, its highest price since 2018. The privacy coin is now up more than 75% this month alone. The weeklong rally marks a significant recovery for ZEC from its sharp selloff in June when the token fell 60% after developers disclosed a critical counterfeiting vulnerability affecting the network’s Orchard shielded pool. Read more →
A eulogy for bitcoin maximalism
Nic Carter is back with another eulogy for Bitcoin maximalism. His argument is that Bitcoin succeeded beyond its creators’ wildest expectations. The maximalist ideology built around it, however, did not. Hyperbitcoinization, altcoin collapse, everyday payments, self-custody, the death of fiat, etc. all have either failed outright or drifted further into the future. Recent episodes like the Coldcard hack and Bitcoin’s latest internal civil war only sharpen the point. It’s a long, provocative read from someone who still considers himself a bitcoiner – which makes the critique considerably harder to dismiss. Read more →
Strategy bulks up on cash, keeps options open
Strategy (MSTR) sold 18.26 million new MSTR common shares for roughly $2 billion, then held off on buying bitcoin. It used $136.4 million to repurchase STRC preferred shares and added $300 million to its dividend-and-interest reserve. Another $1.59 billion went into a more flexible cash pool that can fund bitcoin purchases, debt payments, or future share buybacks. The filing leaves Strategy’s next move open. Read more →
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