Arthur Hayes is betting that privacy will define crypto’s next trade, arguing that Bitcoin’s institutional success has opened room for more adversarial assets like Zcash. The BitMEX co-founder laid out his thoughts on Tuesday in a blog post where he disclosed that his family office, Maelstrom, has already built a sizable Zcash position and framed privacy as an underpriced response to expanding state surveillance and sanctions enforcement. “Looking into the future, this year’s dominant narrative will sur ...

Bitcoin extended its rally into October, breaking above $117,000 for the first time since mid-September as fresh U.S. labor market data boosted expectations of Federal Reserve rate cuts. The world’s largest cryptocurrency jumped more than 4% on the day, decisively shattering the $115,000 resistance zone. The move came after the Automatic Data Processing (ADP), a U.S.-based payroll and HR management company, reported a surprise loss of 32,000 private payrolls in September, versus expectations for a gain of ...