Edgen Crypto·Nov 28 2025, 15:48
[1] A suspected Bitmine address received over 24000 ETH from BitGo. (https://www.panewslab.com/en/articles/5575408 ...)[2] New wallet received 23521 ETH from BitGo, worth approximately ... (https://www.binance.com/en/square/post/322037 ...)[3] New wallet received 24827 ETH from BitGo, worth approximately ... (https://www.binance.com/en-IN/square/post/11- ...)
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Nov 28 2025, 18:13
Monero and Zcash Diverge in Double-Digit Swing Driven by Futures Speculation
## Executive Summary The privacy coin sector witnessed a stark divergence this week as **Monero (XMR)** and **Zcash (ZEC)** recorded opposing double-digit price swings. Monero surged over 23%, breaking a key resistance level, while Zcash experienced a decline of a similar magnitude. Analysis suggests the primary driver is not a fundamental shift but rather a rotation of speculative capital within the crypto futures market, highlighting the impact of leverage and trader positioning on niche digital assets. ## The Event in Detail Amid a generally quiet Thanksgiving crypto market, **Monero (XMR)** saw its price climb by 23%, pushing it above the significant $400 mark and approaching the $419 resistance level last seen on May 26. This rally broke a two-day losing streak and renewed discussions around its market momentum. Conversely, **Zcash (ZEC)** shed roughly 25% of its value during the same period, creating a near-symmetrical divergence between the two leading privacy-focused cryptocurrencies. ## Market Dynamics and Underlying Causes The simultaneous and opposing price movements point towards a futures-driven rotation. Traders appear to be leveraging positions to speculate on short-term momentum within the privacy coin narrative. For **Monero**, analysts are closely watching metrics like open interest and funding rates to gauge the sustainability of this speculative fervor. A continuation of the bullish trend hinges on whether this momentum can be maintained. In contrast, the decline in **Zcash** reflects a shift of speculative interest rather than a loss of fundamental support. This is particularly notable given the recent narrative positioning Zcash as a "privacy haven" amid heightened scrutiny of Bitcoin’s traceability. The Zcash Foundation has emphasized its protocol's organic growth, driven by what its executive director, Alex Bornstein, calls "a growing discontent toward government overreach and privacy concerns." Zcash’s technical architecture, which utilizes zk-SNARKs to offer optional transaction shielding via "z-addresses," is designed to provide greater anonymity than pseudo-anonymous blockchains like Bitcoin. ## Broader Context and Implications This event underscores the deep division between short-term speculation and long-term, fundamentals-driven investing within the cryptocurrency market. While **Zcash** builds a narrative around its technological solutions for privacy—a feature its proponents note was a limitation of Bitcoin acknowledged by its creator—**Monero**'s recent price action appears almost entirely disconnected from immediate adoption metrics. The divergence serves as a case study in how leveraged trading can create significant volatility and temporarily decouple an asset's price from its underlying value proposition. For the broader market, it signals that while a contingent of investors is focused on the philosophical and technical merits of privacy, a significant volume of capital is deployed based on short-term speculative trends and inter-asset rotation within specific crypto sub-sectors.
Nov 28 2025, 17:16
Tharimmune Raises $540M for Canton Coin Treasury, Signaling Deepening Institutional DeFi Adoption
## The Event in Detail **Tharimmune Inc.** (ticker: THAR), a Nasdaq-listed company, has announced the closure of a ~$540 million private placement. The capital is designated for a new corporate treasury strategy focused on the acquisition of **Canton Coin**. The placement was led by major institutional participants, including **DRW Holdings**, **Liberty City Ventures**, **ARK Invest**, and **Kraken**. Notably, reports indicate that trading firm **DRW Holdings** and **Liberty City Ventures** contributed a portion of the funding directly in the form of **Canton Coins**, which are not yet listed on public exchanges. This initiative follows a separate but related major funding event for **Digital Asset**, the primary developer behind the **Canton Network**. In June, **Digital Asset** raised $135 million in a round backed by Wall Street heavyweights **Goldman Sachs** (NYSE: GS), **Citadel Securities**, **BNP Paribas**, and **Tradeweb**. This capital is aimed at accelerating enterprise adoption of the **Canton Network**. ## Market Implications The dual funding events represent a significant vote of confidence in the **Canton Network**, a privacy-enabled blockchain specifically designed for regulated financial institutions. **Tharimmune’s** decision to build a treasury around **Canton Coin** reflects a strategic, ecosystem-specific investment rather than a general allocation to mainstream cryptocurrencies. This approach suggests a sophisticated understanding of the underlying technology and its potential for tokenizing real-world assets (RWAs). This strategy is comparable to **Helius Medical Technologies'** previously announced $500 million capital raise to create a digital asset treasury focused on **SOL** purchases. The trend indicates that publicly traded companies are beginning to diversify their balance sheets with digital assets that have specific utility within high-growth blockchain ecosystems, moving beyond the more common **Bitcoin** treasury model. ## Expert Commentary While **Tharimmune** has not issued detailed commentary on the strategy, the vision for the ecosystem was articulated during **Digital Asset's** recent funding round. **Yuval Rooz**, CEO and co-founder of **Digital Asset**, stated, "This funding milestone validates the inevitability of what we envisioned years ago: a privacy-enabled public blockchain designed specifically for institutional adoption." Further emphasizing the network's positioning, **Rooz** noted, "With growing participation from global financial institutions and market participants, we expect this funding round to help us solidify our role as the backbone of digital finance." This sentiment underscores the network's goal to become foundational infrastructure for tokenized assets such as bonds, commodities, and money market funds. ## Broader Context This development is situated within the broader market trend of integrating blockchain technology into traditional finance, particularly for the tokenization of RWAs. The **Canton Network** is positioned as an institutional-grade Layer-1 solution, offering configurable privacy features that are essential for regulated entities. Unlike permissionless public chains, **Canton** is designed to provide a secure and interoperable infrastructure for financial institutions to issue, trade, and settle tokenized assets in a compliant manner. The significant institutional capital flowing into both the network's developer, **Digital Asset**, and a corporate entity building a treasury on its native asset, **Tharimmune**, indicates that sophisticated investors are not just backing the technology but also the ecosystem built upon it. This dual-track investment strengthens the network’s foundation and accelerates its potential to attract further institutional participation.
Nov 28 2025, 16:21
Quant (QNT) Surges Over 13% Amid Technical Breakout, Outperforming Bearish Crypto Market
## The Event in Detail **Quant (QNT)** has demonstrated notable strength in a bearish market, with its price appreciating by 13.52% to $96.76. This upward movement is in sharp contrast to the performance of the broader cryptocurrency market, which fell by 2.10% over the same period. Further highlighting the mixed sentiment within the digital asset space, **Dash (DASH)** experienced a significant decline, falling 7.35% to $59.75. Quant's 24-hour trading volume stood at approximately $18.13 million, reflecting active investor interest. ## Technical Analysis and Market Drivers According to market analysis, Quant's recent price surge is underpinned by strong technical factors rather than a specific fundamental catalyst. Key technical developments include: * **200-Day SMA:** The price has reclaimed the 200-day Simple Moving Average (SMA), a long-term trend indicator, which was holding at approximately $96. Crossing this level is often interpreted by analysts as a bullish signal. * **Chart Patterns:** Analysts have pointed to the potential formation of a "cup-and-handle" pattern on the price chart, a technical indicator that can signal an upcoming bullish continuation. The price action is seen as a technical recovery and profit-taking phase following a recent rally, rather than a sign of weakness in **Quant's** core focus on enterprise blockchain solutions. ## Broader Context and Historical Performance With a circulating supply of approximately 14.88 million tokens, **Quant's** market capitalization is valued at over $1 billion. The token's recent performance is part of a larger historical context. After a significant bull run in 2020–2021, which saw its price peak at $428.45 on September 11, 2021, QNT entered a multi-year correction. The lowest price recorded during this period was $40.41 on June 13, 2022. The current rally from these lower levels indicates a potential shift in market structure and renewed investor confidence. ## Market Implications **Quant's** ability to outperform the global crypto market and other benchmark indices, such as the **Coinbase 50 Index**, suggests a possible flight to quality or a focus on assets with strong independent technical setups. While the broader market exhibits caution, QNT's performance indicates that specific tokens can diverge based on their own technical merits and investor sentiment. This event underscores the volatile nature of the crypto market, where individual asset performance can run counter to general trends.