📈 Grayscale Zcash ETF Crosses $500M as Bitcoin Steadies
Bitcoin dipped to nearly $77,600 on Tuesday before recovering most of its losses, ending the day little changed.
Meanwhile, Zcash outperformed the broader market with a roughly 43% weekly gain, coinciding with Grayscale's new Zcash ETF surpassing $500 million in assets — a notable milestone for an altcoin-focused fund.
The Zcash ETF haul signals continued institutional appetite for crypto products beyond Bitcoin, even as the broader market remains under pressure.
Lit Protocol's token LIT jumped 72.64% within 60 minutes, reaching $0.243864, according to market data.
No specific catalyst has been identified in available reporting beyond a reference to broader market dynamics.
Sharp short-term moves of this magnitude can reverse quickly and often reflect thin liquidity or speculative activity rather than fundamental developments.
⚖️ Robinhood partners with OG.com for prediction markets
Robinhood has selected OG.com as its infrastructure and clearing partner for its prediction markets business.
OG.com has transitioned into a standalone entity with a reported $5 billion valuation. Robinhood's decision to build on OG.com's infrastructure marks a notable step in its push into crypto-native financial products.
CRO, the native token of Crypto.com, rallied on reports that Robinhood has taken stakes in both Crypto.com and OG.com, though specific terms of those investments were not detailed in available sources.
The partnership highlights growing institutional interest in prediction markets as a regulated, crypto-adjacent product category.
⚖️ U.S. Court Orders $212K Crypto Seizure Tied to North Korea IT Scheme
A U.S. federal court has ordered the forfeiture of approximately $212,700 in stablecoins linked to wages paid to North Korean IT workers, handing the Justice Department a partial win in a broader enforcement action.
The DOJ had sought to seize over $7.74 million in digital assets connected to the scheme, making the $212K ruling a partial outcome. The funds were tied to earnings generated by North Korean nationals posing as remote IT workers — a known tactic used to funnel income back to the DPRK.
The case highlights ongoing regulatory and law enforcement pressure on crypto-based sanctions evasion, with stablecoins increasingly scrutinized as a vehicle for illicit cross-border transfers.
🟠 Bitcoin-Gold Correlation Hits Nine-Year High as Nasdaq Link Fades
Bitcoin's 90-day correlation with gold has reached its highest level in nine years, climbing to 0.56, while its correlation with the Nasdaq has dropped to a one-year low, according to data from Protos.
The shift coincides with the US Treasury's "QE Lite" announcement, which analysts say has reunited so-called debasement traders — investors seeking assets that hold value against currency dilution — around both gold and Bitcoin simultaneously.
The development reinforces a narrative that Bitcoin increasingly behaves as a macro hedge rather than a tech-adjacent risk asset during periods of monetary policy uncertainty.
🚨 ONLY 2 DAYS LEFT!
DON’T MISS YOUR CHANCE TO TRANSFER YOUR QZINO POINTS
If you’ve been mining points in the Mini App, make sure to transfer them to the platform before September 9. Everything you’ve earned will then count toward future rewards. ❗️❗️❗️
The main Mining Season on the platform is still ongoing, and every bet continues to earn you points.
⏰ Don’t wait! Less than 2 days left to claim your points.
Haven’t tried the platform yet?
Sign up through my link and get 100 FREE SPINS ➡️ HERE
🔐 Liquid Network Loses 4,000 BTC in $320M Security Breach
Blockstream's Liquid Network has been frozen after approximately 4,000 BTC — worth around $320 million — was withdrawn from its Federation wallet over the weekend, in what the project is calling a security incident.
The withdrawal was executed via the SideSwap PAK (Peg-out Authorisation Key), though Liquid confirmed the key itself was not compromised. The network has been paused as a precautionary measure, and L-BTC is now backed by only 4.7% of the required Bitcoin. Exchanges connected to the sidechain moved to protect users. The actors behind the withdrawal have been described as purported white-hat hackers, and Blockstream has publicly stated it is "safe to return the funds."
Most key participants in the Liquid Federation have yet to issue official statements. The incident is one of the largest security events in Bitcoin sidechain history and raises serious questions about the operational security of federated Bitcoin networks.