hodler

6 May 2026, 16:26

ZEC rallies 136% in a month as Arthur Hayes sets target at 10% of Bitcoin's price

Arthur Hayes, co-founder of BitMEX, has jumped on the Zcash (ZEC) bandwagon, as the token is in the middle of a 36% rally in the past 24 hours to trade at $587. The latest figure means the cryptocurrency has risen by 136% over the past month. The latest rally comes as prominent crypto figures staked out aggressive price targets and the quantum computing threat to Bitcoin’s legacy addresses renewed interest in privacy-focused alternatives. Hayes, co-founder of BitMEX, who has been historically bullish on Zcash, posted on X , “Remember the $ZEC target is 10% of $BTC’s price.” With BTC trading around $81,300, that implies a ZEC price north of $8,130, over 13 times its current level. Hayes who has been bullish on Zcash added “We got a lot of pamping to go.” ZEC price chart. Source: CoinMarketCap . Bitcoin, which has its own bulls, has also been projected to account for as high as 70% of the cryptocurrency market capitalization by Ark Invest , which projects the whole market to hit $28 trillion by 2030. The Zcash momentum is months old This ZEC price rally has been gathering pace for a while. Multicoin Capital co-founder Tushar Jain disclosed that his firm has built a significant position in $ZEC since February,” adding that “Zcash is a return to the cypherpunk ideals crypto was founded on.” An earlier Cryptopolitan report highlighted that ZEC open interest climbed past $813 million, approaching levels last seen in late 2024 and late 2025. On Hyperliquid, 66% of open positions were short, setting the stage for a squeeze that appears to be playing out in real time. One whale tracked by Onchain Lens deposited $4.997 million in USDC into HyperLiquid on May 6 to avoid liquidation on an 18,286 ZEC short position leveraged at 10x. The whale’s floating loss was more than $2.36 million, with a new liquidation price of $855.34. If ZEC continues climbing, forced buy-ins from positions like this could accelerate the move. Quantum risk and privacy premium power ZEC ZEC’s rally comes at a time when the crypto industry grapples with quantum computing and the growing conversation of its threat to Bitcoin and cryptography as a whole. Zcash leads as quantum-resistant tokens go on a run. Source: CoinGecko . Discussions about quantum risk dominated both on-stage panels and private conversations at a Bitcoin conference that was held in Las Vegas on May 2, according to Galaxy Digital’s Alex Thorn. One emerging consensus, according to Thorn, was that Satoshi Nakamoto’s coins, held in older Pay-to-Public-Key (P2PK) addresses, “should not be touched,” even as the vulnerability of those exposed public keys becomes clearer. Zcash’s shielded transaction technology offers a different model, with around 30% of the ZEC supply now sitting in shielded pools, according to ZecHub data. Those coins are not exposed to quantum-era cryptographic attacks in the same way unshielded Bitcoin UTXOs are, and they are unlikely to hit exchanges. The Zcash Foundation reinforced the network’s security posture on May 2 with the release of Zebra 4.4.0, patching five vulnerabilities, including three consensus-critical bugs that could have split the network. This came after the market saw up to $651 million in crypto exploit losses across nearly 30 separate attacks in April 2026, according to CertiK. How can this Zcash rally go? If Bitcoin reaches the six-figure targets that several institutional forecasters have outlined, ZEC at 10% would imply prices will be $10,000 and above, making Hayes’s 10% framework simple to model and aggressive at the same time. At current levels, that means the rally would need to multiply another 17 to 25 times from here. Strategy CEO Phong Le offered a reminder of how large the Bitcoin denominator could get, stating on May 6 that “if we’re the largest holder of Bitcoin in 10 to 20 years, we will be the largest company in the world.” The odds of ZEC attaining the projected ratio to BTC and maintaining it are an open question. The coin has a history of sharp rallies followed by extended drawdowns. However, with more institutional buy-ins from the likes of Multicoin, growing shielded supply, and a renewed focus on cryptographic privacy, the current odds seem to be in its favor. Still letting the bank keep the best part? Watch our free video on being your own bank .

6 May 2026, 16:16

Crypto Market Reignites As Ethereum Holdings Surge And TON Rallies On Telegram Shift

After the turbulence of recent days, the global cryptocurrency market has started to gain momentum as total market capitalization rose to $2.8 trillion, its highest level since January 2026. This milestone marks a larger revival of optimism around digital assets, after several weeks of data-driven indicators including renewed interest from institutional investors within essential ecosystems supported by solid on-chain metrics and investor confidence. This latest surge indicates something more than just a temporary rally, enough momentum had been building in previous weeks for a finally convincing follow-through. As more liquidity floods the market, both retail investors and institutional actors appear to be positioning themselves purposefully ahead of what many are anticipating one step closer to the next massive growth phase. This becomes even clearer with data from CoinGecko, which visualizes the recovery as a sharp rise out of earlier dormant price action into new all-time valuation highs. JUST IN: The total crypto market cap hits $2.8T for the first time since January 2026. pic.twitter.com/bTwF6hbxLN — CoinGecko (@coingecko) May 6, 2026 That renaissance goes beyond price action alone, it demonstrates deeper capital allocation dynamics, especially in Ethereum and budding ecosystems such as TON. Corporate Ethereum Holdings Reach Record High The rapid purchase of Ethereum by public companies is one key factor driving this market growth. Corporate treasuries, in total, hold 7.33 million ETH for an all-time high of $16 billion+ aggregated across their own balance sheets. This growth has taken place at an all-time speed: 67 active Ethereum holders on balance sheets These holdings account for 6.06% of the total ETH supply In under 18 months, the expansion from near-zero to over 6% The amount of Ethereum held by public companies just hit another all-time high! 7.33M ETH on corporate balance sheets ($16B+) 67 participating entities 6.06% of total ETH supply From near-zero to 6% of supply in under 18 months And most of this ETH is staked and… pic.twitter.com/6Rs7jo67FL — Leon Waidmann (@LeonWaidmann) May 6, 2026 This trend further emphasizes the changing nature of Ethereum, not just as a speculative tool but now more than ever viewed as an income-generating financial asset. This ETH is mostly actively staked or deployed in DeFi protocols, generating continuous yields, unlike traditional treasury reserves. This parallels the manner of institutional capital management. Rather than keeping idle reserves, firms use Ethereum’s programmable infrastructure to generate yield while keeping exposure for cost appreciation. This is a hybrid approach that combines traditional treasury management tools with DeFi innovation. The implications are substantial. The relationship: As more ETH is locked in staking and DeFi contracts, the liquid supply contracts which can amplify price moves up during intervals with high demand. The Institutional Playbook: Yield Generation This unprecedented growth of ETH on corporate balance sheets isn’t just accumulation; it is the emergence of a new industry strategy. Institutions are progressively adopting a yield-first philosophy, that is, capital needs to work and produce returns rather than sit on the sidelines. This approach is made possible by Ethereum proof-of-stake consensus. Companies earn rewards on the network by staking ETH, adding to the security of the blockchain. When combined with DeFi mechanisms, such as lending and liquidity provision, yield opportunities become even more plentiful. This change represents a new wave of the institutional ethos changing around blockchain assets. Ethereum is more than just a “digital oil” that fuels decentralized applications, it is now a productive capital good integrated into corporate balance sheets. This type of institutional practice strengthens the long-term case for Ethereum. The network achieves greater stability, improved liquidity and increased overall economic security when more supply is locked for yield. TON Jumps in Ranks Due To Shift In Power At Telegram Ethereum may rule the roost in institutional talking-points, but one other ecosystem is in the midst of an astronomic rise: TON. The network has overtaken Canton, taking the 20th place of global crypto rankings with a market capitalization of almost $6.5 billion. And this rise is enabled by a price surge. The price of TON almost tripled, going up 69% from $1.30 to $2.20 within a few days. $TON surpasses Canton to become ranked #20, now pushing $6.5B in market cap. pic.twitter.com/nM2cRtKcvA — CoinGecko (@coingecko) May 6, 2026 This rally is a crucial part of a bigger shift. Telegram will replace the TON Foundation, take on the role of largest validator and slash transaction fees to ~6x less!! Ton Rallies 30% After Telegram Secures Control of the TON Blockchain This is a significant step towards tightened control over the infrastructure and governance of the network. While the foundation of all crypto is decentralization, it seems that in some contexts operational efficiency and clear leadership trump ideology when it comes to market response. Market Response to All Social Activity The TON rally is further accelerated by social gains and market interest. Santiment data shows a peak activity surge with social mentions climbing 6-fold to hit 91 during one four-hour window on May 5. TON is up ~69% after Pavel Durov announced Telegram will replace the TON Foundation, become the largest validator, and cut fees ~6x (Santiment MCP + Claude): Price: $1.30 (May 3) → $2.20 (now). Social mentions hit 91 in a single 4h window on May 5 — roughly 6x baseline,… pic.twitter.com/R3Ul3GLWcb — Santiment Intelligence (@SantimentData) May 6, 2026 Rather, this loftier discourse has endured across longer stretches of time than mere spikes in attention suggest; it therefore appears that there is a continuing interest. Retail traders famously follow emerging narratives in the news cycle, and while some reports have claimed that high social discussion gives way to lower trading volumes, it seems likely that this only occurs as the narrative has matured enough to be noted among retail traders if prices are not following their normal course. The chief reason for that attention also seems evident: Telegram itself. Telegram is one of the largest messaging services globally, offering TON a built-in user base that many other blockchain projects would envy as a distribution advantage. The Narrative Turnaround Of Centralization In Real Time The most interesting element is likely the market’s changing view on centralized entities. Just two weeks earlier, Arbitrum had been widely criticized after prohibiting certain operations, which some took to be a governance failure. This kind of contrast exposes a more complicated truth regarding hype cycles in crypto markets: narratives are dynamic and context-sensitive. With TON, it’s seen as a boost rather than a liability: an infusion of resources, strategic direction and scale. The execution ability and growth potential seem more important for investors than decentralization dogma. This does not de-prioritize decentralization, but instead reflects a readiness to embrace the sacrifice of decentralization when there are obvious paths to adoption and revenue. These polarized reactions highlight a maturing phase in the sector as the wider crypto market pushes ahead to new highs. Market participants become more dependent on outcomes than the ideology itself. Combining these trends paints an engaging picture of the current crypto landscape. Market cap rises, institutions integrate Ethereum into complex financial models while ecosystems such as TON utilize centralization behind them to expedite growth. Together, these factors indicate a changing market rather than just a recovering one. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

6 May 2026, 16:15

21Shares Lists Strategy (MSTR) Preferred Shares STRC on London Stock Exchange

BitcoinWorld 21Shares Lists Strategy (MSTR) Preferred Shares STRC on London Stock Exchange Crypto asset manager 21Shares has listed preferred shares (ticker: STRC) of Strategy (formerly MicroStrategy, MSTR) on the London Stock Exchange, marking a significant expansion of digital asset-linked securities in traditional European markets. The listing, first reported by Decrypt, provides institutional and retail investors in the UK with direct access to a regulated product tied to one of the largest corporate holders of Bitcoin. STRC Dividend Structure and Mechanics STRC is structured as a preferred equity instrument that pays holders a monthly variable dividend targeting an annualized yield of approximately 9%. The dividend rate adjusts dynamically based on the trading price of STRC shares. If the share price exceeds $100, the dividend rate decreases, while if it falls below $100, the rate increases. This mechanism is designed to stabilize the share price around the $100 reference level, offering a yield-oriented product for income-focused investors. The variable dividend structure is notable because it creates a self-correcting mechanism: when demand pushes the price above $100, the lower yield may reduce buying pressure, and conversely, when the price drops below $100, the higher yield may attract value-seeking investors. This design aims to maintain a relatively stable trading range while providing predictable income. Strategic Significance for European Markets The London Stock Exchange listing represents a strategic move by 21Shares to bridge the gap between traditional finance and digital assets. Strategy (MSTR) has been a bellwether for corporate Bitcoin adoption, holding over 200,000 BTC on its balance sheet. By offering a preferred share product in London, 21Shares enables European investors to gain exposure to Strategy’s Bitcoin-centric corporate strategy without directly holding cryptocurrency or dealing with unregulated offshore platforms. This listing also signals growing institutional appetite for regulated crypto-linked securities in Europe. The UK’s Financial Conduct Authority has maintained a cautious but increasingly structured approach to digital asset products, and the STRC listing suggests a gradual opening of the London market to sophisticated crypto-related financial instruments. Implications for Income-Focused Investors For income-oriented investors, STRC offers a hybrid product combining elements of preferred stock and convertible bonds with a crypto-linked underlying. The 9% target yield is attractive in the current low-yield environment, though investors should be aware that the dividend is variable and depends on both the performance of Strategy’s Bitcoin holdings and the trading dynamics of STRC itself. The product is also subject to the volatility inherent in Bitcoin’s price movements. While the preferred share structure provides some downside protection compared to common equity, it is not a fixed-income instrument and carries significant risk. Market Context and Competitive Landscape 21Shares has been an early mover in the European crypto exchange-traded product space, with a range of physically backed Bitcoin and Ethereum ETPs listed on exchanges including Deutsche Börse and SIX Swiss Exchange. The STRC listing adds a differentiated product that competes with other yield-generating crypto instruments such as staking ETPs and crypto credit funds. However, STRC is not a traditional ETF or ETP — it is a preferred share of a specific corporate entity, which means its performance is tied not only to Bitcoin’s price but also to Strategy’s corporate governance, debt levels, and management decisions. This distinction is important for investors conducting due diligence. Conclusion The listing of STRC on the London Stock Exchange by 21Shares represents a notable step in the maturation of crypto-linked securities in regulated European markets. By offering a yield-oriented product tied to Strategy’s Bitcoin holdings, 21Shares provides European investors with a novel way to gain exposure to the digital asset space through a familiar, regulated channel. The variable dividend mechanism adds an innovative layer of price stabilization, though investors should carefully assess the risks associated with both the underlying Bitcoin volatility and the corporate structure of Strategy. FAQs Q1: What is STRC and how is it different from MSTR common stock? STRC is a preferred share of Strategy (MSTR) listed by 21Shares on the London Stock Exchange. Unlike common stock, STRC pays a monthly variable dividend targeting 9% annually, and its price is stabilized around a $100 reference level through an automatic dividend adjustment mechanism. Q2: How does the variable dividend work? If STRC trades above $100, the dividend rate decreases; if it trades below $100, the rate increases. This creates a self-correcting mechanism that aims to keep the share price near $100 while providing a yield that adjusts to market conditions. Q3: Is STRC a safe investment? STRC is not a low-risk investment. Its value is tied to Strategy’s Bitcoin holdings and corporate performance, both of which are highly volatile. While the preferred share structure offers some protection relative to common equity, investors should understand that the product carries significant market and credit risk. This post 21Shares Lists Strategy (MSTR) Preferred Shares STRC on London Stock Exchange first appeared on BitcoinWorld .

6 May 2026, 16:15

XRP surges 3.85 percent to $1.46 after 70 days flat

🚀 XRP jumped 3.85% to $1.46 after 70 days of flat trading. Whales moved large amounts of $XRP from exchanges to cold wallets. Continue Reading: XRP surges 3.85 percent to $1.46 after 70 days flat The post XRP surges 3.85 percent to $1.46 after 70 days flat appeared first on COINTURK NEWS .

6 May 2026, 16:10

Kraken Introduces Spot Margin Trading for US Users with Up to 10x Leverage

BitcoinWorld Kraken Introduces Spot Margin Trading for US Users with Up to 10x Leverage Kraken, one of the largest U.S.-based cryptocurrency exchanges, has begun offering spot margin trading services to its domestic users, marking a significant expansion of compliant leverage trading options for American retail investors. The move comes less than a month after Kraken completed its $550 million acquisition of Bitnomial, a Chicago-based derivatives exchange and clearinghouse, signaling the company’s aggressive push into advanced trading products. What Kraken’s Spot Margin Trading Offers Kraken’s physically-settled margin trading service allows eligible U.S. users to trade with up to 10x leverage on supported spot pairs. Unlike cash-settled contracts, physically-settled margin trading means users receive the actual cryptocurrency upon settlement, providing more direct exposure to the underlying assets. The service is designed to offer a compliant alternative to offshore exchanges that have long dominated the margin trading market for American retail investors. Filling a Gap in the US Market Until now, U.S. retail investors seeking margin trading had limited options among domestic regulated exchanges. Many turned to overseas platforms that operate outside U.S. regulatory frameworks, exposing themselves to potential legal and security risks. Kraken’s launch addresses this gap by providing a federally compliant service that meets U.S. regulatory standards, including know-your-customer (KYC) and anti-money laundering (AML) requirements. Strategic Timing and Regulatory Context The timing of Kraken’s margin trading rollout is notable given the evolving regulatory landscape. The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have increased scrutiny on crypto exchanges, particularly those offering leverage products. Kraken’s approach — offering physically-settled margin trading through a regulated entity — may set a precedent for how other exchanges navigate compliance while meeting retail demand. Implications for Traders and the Market For traders, the availability of up to 10x leverage on a U.S.-based platform means reduced reliance on unregulated offshore exchanges. It also means access to Kraken’s liquidity and security infrastructure. However, leverage trading carries significant risk, and Kraken has implemented risk management measures including margin calls and liquidation protocols to protect users and the platform. Market analysts view the move as part of a broader trend of traditional finance and crypto convergence. Kraken’s Bitnomial acquisition, finalized in late March, gives the exchange a derivatives clearinghouse license, potentially paving the way for futures and options products in the future. Conclusion Kraken’s launch of spot margin trading for U.S. users represents a meaningful development in the American crypto landscape, offering a regulated path to leverage trading that was previously difficult to access domestically. The move strengthens Kraken’s position as a comprehensive trading platform while providing retail investors with more compliant options. As regulatory clarity continues to evolve, Kraken’s strategy may influence how other exchanges approach similar product offerings. FAQs Q1: What is spot margin trading and how does it differ from regular spot trading? Spot margin trading allows traders to borrow funds from the exchange to increase their buying power, enabling them to trade with leverage (up to 10x in Kraken’s case). Unlike regular spot trading where you can only trade with your own capital, margin trading amplifies both potential gains and losses. Q2: Is Kraken’s margin trading available to all US users? Kraken’s spot margin trading is available to eligible U.S. users who meet the exchange’s verification and risk assessment requirements. Users must complete KYC verification and may need to meet certain trading experience or financial thresholds. Q3: How does the Bitnomial acquisition relate to this margin trading launch? The Bitnomial acquisition provides Kraken with a CFTC-regulated derivatives clearinghouse license, which strengthens its infrastructure for offering advanced trading products. While the current margin trading service is spot-based, the acquisition positions Kraken to potentially offer futures and options in the future. This post Kraken Introduces Spot Margin Trading for US Users with Up to 10x Leverage first appeared on BitcoinWorld .

6 May 2026, 16:00

Can Bitcoin hold above $82K and trigger a move toward $90K?

Bitcoin (BTC) has climbed above $82,000 after renewed buying activity and improving on-chain signals pointed to a possible extension of its recent recovery. According to Glassnode, the latest rally has pushed Bitcoin above its short-term holder cost basis near $79,000, a level that has historically acted as a trigger for sustained upward phases. The firm noted that reclaiming this threshold often reduces selling pressure, as recent buyers return to profit and become more willing to hold or add exposure. Data from TradingView showed Bitcoin reaching a multi-month high of $82,240 on Wednesday, extending a rally that has gained roughly 37% from its February low near $60,000. At the time of writing, Bitcoin was trading around $81,708.04. Glassnode’s analysis has identified $92,000 as the next key on-chain target, with the upper bound of the same metric sitting near $92,423, about 13% above current levels. Glassnode’s dataset showed that similar breakouts above the short-term holder cost basis in January 2023, October 2023, October 2024, and April 2025 were followed by rallies of around 30% within four weeks. The firm added that such moves tend to attract fresh demand while also forcing bearish traders to unwind positions, accelerating upward momentum. According to crypto analyst PlanC, holding above this zone would support the view that Bitcoin’s roughly 50% decline from the $126,000 peak was a mid-cycle correction rather than the start of a deeper downturn. At the same time, crypto analyst BitBull noted that Bitcoin’s short-term holder spent output profit ratio has moved back above 1, which typically indicates that recent buyers are in profit and selling pressure is easing, a condition often seen in early bullish phases. Bitcoin accumulation trends have also strengthened the bullish case. Data from CryptoQuant showed long-term holders adding more than 330,000 Bitcoin over the past month, representing about 1.6% of total supply. The firm noted that such accumulation often coincides with recovery periods. Institutional flows have also returned, with US-based spot Bitcoin exchange-traded funds recording three consecutive days of inflows totaling $1.18 billion. Such inflows can also help support the uptrend in the long term. Resistance zone and institutional demand in focus However, Bitcoin is encountering strong resistance between $82,000 and $84,000, where analysts have identified a cluster of large sell orders. Data cited by analysts showed that the 200-day exponential moving average near $82,600 and the 200-day simple moving average around $83,402 are acting as key technical barriers. MN Capital founder Michael van de Poppe identified $84,000 to $86,000 as the next resistance band, adding that a breakout could open the path toward the 50-week moving average near $90,000. BTC/USDT 1-day price chart. Source: Michael van de Poppe on X. Trader Daan Crypto Trades also pointed to the same region as a critical test, stating that acceptance above it could push prices into the $90,000 range, while rejection may keep Bitcoin confined below $80,000. https://twitter.com/DaanCrypto/status/2051613604378546283?s=20 At the time of publication, Polymarket traders see a 28% chance that the Bitcoin price will hit $90,000 in May. Bear case warns of rejection risk near $84,000 However, not all analysts expect a smooth continuation. According to analytics platform TradingShot, Bitcoin is approaching the 200-day simple moving average, describing it as the most critical resistance level of the current bear cycle. BTC/USD 1-week price chart. Source: TradingShot. The firm compared the setup to 2022, when a similar retest failed and led to a move toward new lows. TradingShot added that a rejection from the current “pivot zone” could confirm a continuation of the bear cycle, with downside targets near $50,000. The analysis noted that the same pattern had formed during previous downtrends, where former support zones turned into resistance. Meanwhile, pseudonymous analyst Cryptic Trades pointed to the bull market support band near $78,000, formed by the 20-week simple moving average and the 21-week exponential moving average, as a key level to hold. BTC/USD 1-Day price chart. Source: Cryptic Trades on X. “I believe that as long as price keeps holding above this range, as well as the April 2025 bottoming formation around $76K, the broader market structure remains intact. The other key level to track is the lost high-timeframe support range marked in purple around $84K, where I believe we could see a short-term rejection,” the analyst wrote. The post Can Bitcoin hold above $82K and trigger a move toward $90K? appeared first on Invezz