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ZEC has surged by 472% since Naval's Shill, and the Privacy Token sector has risen in sync

3 hours ago

On November 1st, based on HTX market data, the privacy coin ZEC is currently trading at $420, with a 24-hour increase of 17.3% and a 7-day increase of 52%. Its rally started when the prominent Silicon Valley angel investor Naval stated on October 1st that "ZCash is insurance against Bitcoin", and the price has surged by 472% since his endorsement. The co-founder of BitMEX, Arthur Hayes, has also been actively promoting ZEC. On October 30th, he said, "Nothing can stop this train. ZEC will rise to $10,000." Yesterday, he reiterated his bullish outlook with a price target above $400. Along with ZEC's continuous rise, the total market capitalization of the privacy coin sector has reached $22.7 billion, with a 7.3% increase in the last 24 hours and a trading volume of around $2.4 billion. The standout performers among privacy coins are as follows: Dash is currently trading at $55.43, with a market capitalization of approximately $692 million and a 24-hour increase of 22.2%; XMR is currently trading at $331.6, with a market capitalization of around $6.12 billion and a 24-hour increase of 3.6%; LTC is currently trading at $95.49, with a market capitalization of approximately $7.29 billion and a 24-hour increase of 2.2%.
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Zcash Developer ECC Announces Latest Roadmap: Enhancing Shielded User Privacy and Usability

On November 1st, the Zcash (ZEC) developer, Electronic Coin Company (ECC), released the roadmap for the fourth quarter of this year yesterday. The focus is on reducing technical debt, enhancing the privacy and usability of Z-Addr users, and ensuring the smooth management of development funds. The key items include: Temporary Transparent Addresses: Generate a new temporary transparent address each time NEAR Intents exchanges ZEC to enhance privacy and reduce transaction linkage. Transparent Address Rotation: Generate a new transparent address whenever a previous address receives funds. Keystone Resync and Disconnect: Allow Z-Addr Keystone users to unlink and resync their Keystone devices. Keystone Support for P2SH Multisig: Ensure the secure management of Zcash development fund resources to drive the continuous development of Zcash. Keystone will initially serve as a development tool for Lockbox access, but any wallet integrated with PCZT can use Keystone for signing.

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EtherFi CEO Response to "EtherFi Card Skimming" Allegations: Under Investigation, Affected Users Will Be Refunded

On November 1st, a community user expressed concerns in X that "EtherFi might have faced issues in the upstream/downstream. A card that had never been used for any transactions or pre-authorization was skimmed." EtherFi CEO Mike Silagadze responded by stating, "We are currently investigating this matter and are in communication with our credit card partners. All users who have been affected by fraudulent transactions will receive a refund."

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TAO Surges Above $520, Marking an 18.76% Increase in 24 Hours

On November 1st, based on HTX market data, TAO (Bittensor) has rocketed above $520, witnessing a 24-hour increase of 18.76%, and currently boasting a market capitalization of $5.31 billion. In October, the US-listed company TAO Synergies Inc. (NASDAQ: TAOX) announced the accomplishment of a $11 million private placement, with investors including TAO's strategic advisor James Altucher and DCG, which is the parent company of Grayscale.

5 minutes ago

AI Video Generation Company Synthesia Raises $200 Million in Funding, With Google Ventures as Lead Investor

On November 1st, as per the report in Forbes, the UK's AI video generation company Synthesia has successfully completed a new financing round amounting to $200 million, resulting in a valuation of $4 billion. This new round of financing will be spearheaded by Google Ventures, and Nvidia may take part. Prior to this, Synthesia had raised $280 million, with investments coming from Nvidia and Adobe. Synthesia was established in 2017. In contrast to video generation tools like Sora, it focuses on assisting businesses in using AI-generated virtual avatars for video production, which is utilized in marketing, employee training, etc. Currently, 60,000 companies are leveraging Synthesia's platform to create their own AI avatar videos.

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Community Announcement: ChainOpera has recently completed a $40 million financing round, bringing its total funding to over $50 million.

On November 1st, according to crypto KOL CryptoFearless, the AI Layer1 project ChainOpera has recently completed a financing round with an amount exceeding 40 million US dollars. However, the form of this financing, its valuation, and the participating institutions have not been disclosed. ChainOpera's token, COAL, was launched on Binance Alpha on September 25th and its contract was established. The price of the token dropped to a low of 0.13 US dollars. It began to rise continuously from October 6th and reached a high of 20 US dollars. Currently, the price has dropped to around 1.5 US dollars. It is reported that in December 2024, ChainOpera announced the completion of a $17 million seed round of financing, which was led by Finality Capital, Road Capital, and IDG Capital. With this recent financing round of over 40 million US dollars, ChainOpera has raised a total of more than 50 million US dollars.

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The US SOL Spot ETF recorded a net inflow of $199 million in its first week of trading.

On November 1st, as monitored by Farside Investors, yesterday the US SOL spot ETF had a net inflow of $44.5 million. Bitwise's BSOL saw a net inflow of $44.5 million, while Grayscale's GSOL saw a net inflow of 0. Since listing four days ago, the total net inflow of Bitwise's BSOL is $197 million, the total net inflow of Grayscale's GSOL is $2.2 million, and the total net inflow of the US SOL spot ETF is $199 million.

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