Pump.fun's protocol revenue surpassed Hyperliquid's in the past 24 hours.

- Zcash's halving mechanism reduces block rewards every four years, enhancing scarcity and mimicking Bitcoin's deflationary model while offering optional privacy features. - Historical halvings (2020, 2024) triggered sharp price swings, with Zcash surging 1,172% post-2024's NU5 upgrade and institutional adoption via Grayscale Zcash Trust. - Next halving projected for late 2028 faces risks from regulatory scrutiny of shielded transactions and competition from privacy coins like Monero. - Long-term investors

- Zcash (ZEC) surged 900% in Q4 2025, peaking at $702.04, driven by institutional adoption and regulatory clarity via the CLARITY/GENIUS Acts. - The November 2025 halving reduced block rewards by 50%, historically correlating with price surges, while shielded transactions now account for 20-25% of supply. - Zcash diverged from broader crypto weakness, gaining 35% weekly in November despite Bitcoin's decline, fueled by privacy-focused retail demand and $2B+ trading volume. - Upgrades like Zashi wallet and P

- Dash (DASH) surged 150% in Nov 2025 amid regulatory tightening, leveraging ChainLocks/InstantSend upgrades to maintain 10% market share. - Its DAO governance model and real-world adoption in Latin America boosted institutional confidence despite privacy coin crackdowns. - While DASH futures open interest doubled, challenges remain in DeFi integration and liquidity due to exchange delistings. - Upcoming confidential transactions and retail partnerships position Dash as a compliance-focused privacy asset w

- Bitcoin fell below $87,000 amid ETF outflows, whale selling, and macroeconomic pressures, marking its largest correction since spot ETFs launched. - Institutional withdrawals, including $151M in ETF outflows and BlackRock's $2.47B IBIT losses, reflect waning confidence and profit-taking amid tightening monetary policies. - On-chain data shows mixed signals: mid-sized wallets accumulate Bitcoin while whales offload, while regulatory uncertainties in the U.S. and EU amplify selling pressure. - Technical in