Industry watchers are debating the fate of the Zcash development fund after the ZEC token’s rally pushed its value above $95 million. Crypto-focused venture capital firm Dragonfly’s managing partner, Haseeb Qureshi, proposed winding down the Zcash developer fund after it expires under current rules in 2028. “I’m of the opinion that this should be the final Dev Fund,” wrote Qureshi in a Friday X post, arguing that the fund is large enough to fund remaining work on Zcash and that it risks being “politicized” as it approaches $100 million in value. The Zcash development fund held 63,962 Zcash (ZEC) tokens at press time, worth about $95 million, according to ZecStats. Read more
The Fisher Transform indicator produced a rare crossover for only the fourth time in Bitcoin’s history. Bitcoin (BTC) is showing strong signs that its latest long-term floor is already in, according to a classic trading indicator. Key points: Read more
Dtcpay plans to expand its merchant network and payment products after completing a $25 million Series A backed by Japan’s SBI Group. Singapore-based stablecoin payments company Dtcpay has completed a $25 million Series A funding round after securing backing from Japanese conglomerate SBI Group. On Friday, SBI Holdings said it invested through SBI Ventures Asset and the SBI-NTU-Kyobo Digital Innovation Fund, two Singapore-based investment vehicles managed by the group. Neither SBI nor dtcpay disclosed the size of SBI’s contribution or the company’s valuation. Dtcpay said the investment completed its $25 million Series A, which began with a $10 million tranche led by Vertex Ventures Southeast Asia & India in April. Genedant Capital and existing investor Kwee Liong Tek also participated in the round. Dtcpay previously raised $16.5 million in pre-Series A funding in June 2023. Read more
Binance declined to address reports of ECB intervention in its Greek MiCA bid, saying it remains committed to securing authorization in Europe. Binance declined to address a report that European Central Bank President Christine Lagarde intervened in its failed Greek crypto license bid and said it continues seeking authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The Wall Street Journal reported Friday that a vice chair of Greece’s Hellenic Capital Market Commission (HCMC) told Binance that Lagarde had asked Greek Prime Minister Kyriakos Mitsotakis not to approve its application. Greek officials informed the European Securities and Markets Authority in early June that the regulator intended to approve the license, according to the report. Read more
Onchain analyst James Check says Bitcoin may have bottomed near $58,000 after two capitulations and warns against anchoring to an October low. James Check, founder and lead analyst at Checkonchain, said Bitcoin may have already established its cycle bottom after undergoing two capitulation events, arguing that shifts in holder behavior indicate the market has absorbed much of its selling pressure. Bitcoin (BTC) reached a record of just over $126,000 in October 2025 and traded around $77,400 at the time of writing, nearly 39% below its peak. Some traders expect BTC to establish another low in October 2026 based on its historical four-year cycle. In July, analyst Benjamin Cowen said that cycle-duration data and the US midterm-election calendar pointed toward a fourth-quarter bottoming window. In an interview on Cointelegraph’s Proof of Thesis show, Check described Bitcoin’s February decline toward $60,000 as a “price-pain capitulation,” when investors who bought near the top sold at substantial losses. He ident...