News

According to The Block, Grayscale Zcash Trust had an average daily trading volume of about $1.7 million in April, doubling from the previous month and reaching the highest level since January, though still below the trading volumes seen in the last two months of 2025. The shielded supply of ZEC has reached a record high, with the privacy pool Orchard increasing from 1.92 million to 4.55 million ZEC over the past 12 months. Currently, about 30% of circulating ZEC is in a privacy-protected state, marking the highest historical proportion. The price of ZEC has risen 50% to $320 in the past 30 days but is still down about 35% since the start of the year. Grayscale has submitted a registration statement to the SEC, planning to convert the Zcash Trust into an ETF.

According to The Block, the SWEAT token contract of Sweat Economy suffered a vulnerability attack on Wednesday. The attacker gained control of approximately 13.71 billion SWEAT within 30 seconds, accounting for 65% of the total supply and valued at around 3.5 million US dollars. The SWEAT team suspended the token contract and contacted an exchange and Rhea Finance. The exchange froze the attacker’s account, and Rhea halted SWEAT trading. In the end, user funds returned to normal. SWEAT plans to submit a report to law enforcement authorities and carry out forensic analysis.

Golden Ten Data reported on April 30 that a research note from CICC stated that, from a fundamental theoretical perspective, the Federal Reserve should still and needs to cut interest rates about two times. This is one of the reasons why we are more optimistic about rate cuts than the market. As long as oil prices do not stay above $100 until the end of the year and a high base effect brings inflation down, it will create room for the Federal Reserve to cut rates. However, in practice, cooperation from oil prices and Trump is needed. Persistently high oil prices due to the stalemate in Iran and the Federal Reserve's division caused by Powell's reluctance to step down over investigation concerns are not issues that Walsh can solve alone after taking over in June. The key lies with Trump—if a compromise is reached quickly and the investigation into Powell is completely ended, the prospects for interest rate cuts will gradually open up.