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Crypto
Risk assets slide as oil rises; bitcoin pulls back below $80,000
Bitcoin retreated to about $77,600 after failing to break the $80,000 level, down 0.7 percent since midnight UTC, CoinDesk reported. Risk assets weakened as oil rose 1.5 percent to $103 a barrel after reports the United States seized three Iranian tankers in Asian waters. Ether fell 2.5 percent to $2,320. Futures open interest eased but remained high, while negative perpetual funding pointed to bearish leverage.
Crypto
Zcash reclaims $300; privacy coins rise on ceasefire news
Zcash surged after news of a two-week ceasefire between the United States and Iran, rising above $300 and becoming one of the top gainers. The move came as bitcoin recovered to around $71,000 and risk appetite spread to altcoins. Zcash’s weekly gain exceeded 28% and 24-hour volume neared $800 million. Open interest rose 26% in a day, with most trading on Binance, while questions persisted over whether the rally can last.
Crypto
Arizona bill advances to stockpile seized XRP instead of auctioning crypto
A bill in the U.S. state of Arizona that would allow the state government to stockpile cryptocurrencies obtained through seizures or voluntary surrender, rather than selling them, has advanced to a full House vote. Senate Bill 1649 cleared the House Rules Committee with unanimous support. It would create a Digital Assets Strategic Reserve Fund managed by the state treasurer and include XRP, bitcoin and several other tokens. The bill would then go to the governor.
