Zcash Surges 17% on Major Investment as BTC Slides Below $103K

I. Crypto Market Overview

Key Takeaways

Macro Environment

India's retail inflation hit a decade low at 0.25% in October, raising expectations for monetary easing and potential capital inflows into crypto. The European Banking Authority signaled no urgent changes to stablecoin rules, supporting euro-pegged DeFi. US Fed officials remain divided on rate cuts, fueling volatility in crypto as traders adjust to shifting policy signals.

Crypto Market

The crypto market saw mixed performance over the past 12 hours. Bitcoin (BTC) fell 0.82% to $102,198, while Ethereum (ETH) was nearly flat at $3,431, reflecting macro uncertainty and ETF outflows. Zcash (ZEC) surged 17.2% to $520.89 on major investment news, Decred (DCR) rose 11.6% to $34.35, and Story (IP) gained 2.0% to $3.72, with privacy and altcoin sectors outperforming. Solana (SOL) dropped 1.0% to $153.40, pressured by token unlocks.

Today's Outlook

Immunefi launches its token sale on CoinList at 1:00 AM Beijing time, drawing attention from DeFi security and bounty communities. Strategy is set to close a €620M fundraising deal for Bitcoin purchases, potentially impacting institutional flows and BTC market sentiment.

Fear and Greed Index

62.00% Annual Percentile

26 Fear

Total Crypto Market Cap

$3.43T

0.64%

Total Market Trading Volume

$162.28B

7.67%

Altcoin Season Index

27.27%

Quarterly Percentile

26 / 100

Total Futures Market Open Interest

4.39B

33.66%

Futures

812.43B

14.64%

Perpetuals

II. Industry Updates

Macro-economic Policies

The U.S. House has advanced a temporary funding bill to end the 43-day government shutdown, restoring federal operations. This move is expected to reduce macroeconomic uncertainty and may support risk sentiment in crypto markets, potentially stabilizing BTC and DeFi liquidity.

India's retail inflation dropped to a decade low of 0.25% in October, driven by falling food prices and GST cuts. This sharp disinflation increases the likelihood of monetary easing by the Reserve Bank of India, which could boost capital flows into digital assets and support crypto market growth.

The European Banking Authority stated there is no urgent need to revise EU stablecoin rules, despite warnings from the ECB and ESRB. This policy stability reduces immediate systemic risk concerns, supporting confidence in euro-pegged stablecoins and cross-border DeFi activity.

Brazil's government has proposed legislation to allow the sale of seized cryptocurrencies to combat organized crime, alongside new capital requirements for crypto companies. These measures may increase institutional trust in digital assets and enhance market transparency, indirectly supporting crypto adoption.

Federal Reserve officials remain divided on the December rate decision, with some advocating aggressive rate cuts and others urging caution until inflation nears 2%. This policy uncertainty is contributing to volatility in BTC and altcoin prices as traders adjust to shifting U.S. monetary policy expectations.

Cryptocurrency Regulatory Trends

The European Banking Authority stated there is no immediate need to revise EU stablecoin regulations, despite ECB and ESRB warnings, which may ease compliance pressure for crypto issuers in the region.

Brazil's President proposed a bill to allow the sale of seized cryptocurrencies before trial outcomes, aiming to disrupt organized crime and introducing stricter licensing and capital requirements for crypto firms, impacting market operations.

Korea's NongHyup Bank will develop stablecoin payment and refund services for tourists, aligning with upcoming regulatory guidelines, signaling growing regulatory support for blockchain-based financial products in Asia.

Zcash (ZEC): ZEC surged 16.9% in 24h, driven by a $50M Winklevoss-backed investment and Cypherpunk Technologies' rebrand, with 24h volume over $2B and market cap at $8.47B.

Decred (DCR): DCR rose 11.7% in 24h, supported by renewed altcoin season interest and double-digit gains among privacy coins, with 24h volume up 106% to $44.5M.

Story (IP): IP gained 11.9% in 24h, benefiting from altcoin rotation and increased venue bids, with price momentum noted despite limited recent project-specific news.

Smart Money Movements

A suspected Monetalis-linked address acquired 1.851 million UNI tokens worth $14.33 million via OTC deals from market makers within the past 8 hours.

FTX/Alameda redeemed and distributed 193,800 SOL, valued at $30.69 million, to 28 addresses, with many expected to transfer the tokens to exchanges.

SharpLink reported a Q3 revenue surge of 1100% to $10.8 million, driven by its Ethereum treasury, with ETH holdings rising from 817,747 to 861,251 ETH by November 9, 2025.

Institutional investors withdrew $939 million from spot Bitcoin ETFs last week, raising concerns about increased downside pressure on BTC prices.

Strategy's share of corporate Bitcoin holdings dropped from 75% to 60% in October, as 353 entities now hold Bitcoin and Ether's share of treasury value rose to 15%.

Events to Watch

Nov 13 (Thu)

Immunefi launches token sale on CoinList at 1:00 AM Beijing time; Strategy closes €620M fundraising deal for Bitcoin purchases.

Nov 14 (Fri)

Eurozone Q3 GDP and US September Non-Farm Payrolls data to be released, both key for global macro and crypto markets.

Nov 17 (Mon)

Coinbase debuts token sales platform with Monad's first offering; FlyingTulip IPO ends on Impossible platform at 3 PM Beijing time.

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