Caldera announced that its Metalayer network has launched the Horizen privacy mainnet, introducing privacy protection to the Caldera ecosystem for the first time. This mainnet combines zero-knowledge proofs and EVM compatibility, supporting privacy infrastructure for cross-chain applications and allowing other Caldera rollups to integrate Horizen, ushering in a new "privacy-as-a-service" model.

Over the past year, the U.S. Treasury issued a record $25.4 trillion in T-Bills, bringing the total issuance to $36.6 trillion, with T-Bills accounting for 69.4%. The government is financing long-term debt through short-term debt, causing interest expenses to move in sync with the Federal Reserve's policy rate, which could exacerbate the U.S. debt crisis.

The market generally expects Powell to be replaced by Trump advisor Hassett, but traders have low expectations for future Fed monetary policy easing, projecting only 75 basis points of rate cuts by the end of the year. This is mainly because the inflation rate is expected to remain around 3%, with the real interest rate close to zero.

Anonymous phone service provider Phreeli has launched in the US, allowing users to register with just a zip code and no personal information required. A Zcash co-founder serves as an advisor, and the service uses the Double-Blind Armadillo zero-knowledge proof system to protect user privacy. Phreeli aims to address the data collection issues of mainstream carriers and has secured $5 million in funding.

At the upcoming December 10 FOMC meeting of the Federal Reserve, the market widely expects a 25 basis point rate cut, adjusting the interest rate range to 3.50%—3.75%. The current probability of a rate cut is as high as 87.2%. If the rate cut proceeds as expected, risk assets may be boosted, and the crypto market could see a short-term rebound. However, if there is a hawkish surprise, it could suppress capital inflows, especially given that Bitcoin has fallen 20% over the past 90 days. Driven by policy expectations, market analysis highlights three altcoins that could benefit from the rate cut: FARTCOIN, Bitcoin Cash (BCH), and Double Zero (2Z).

The Cardano ecosystem has undergone a key upgrade, with major CEXs officially supporting Midnight network’s native token NIGHT, drawing strong attention from the market. Following the announcement, ADA’s price surged over 4% within just a few hours, with trading volume rising sharply and overall market sentiment turning noticeably positive. On December 8, the exchange announced the listing of Midnight’s NIGHT token and stated that eligible users could claim an airdrop via Alpha points after trading opens on December 9. More details regarding asset support and trading pairs will be released gradually. According to Midnight’s official response, listing the NIGHT token on the platform will not only expand its user base but also promote the adoption of Web3 privacy technology and accelerate global acceptance of zero-knowledge privacy networks.

According to Gate News Bot on December 8, citing CoinMarketCap data, as of press time, ZEC (Zcash) is currently trading at $390.45, up 15.61% in the past 24 hours. The highest price reached $404.16, while the lowest dropped to $302.75. The 24-hour trading volume reached $912 million. The current market capitalization is approximately $6.414 billion, an increase of $866 million compared to yesterday. Zcash is the first cryptocurrency to use zero-knowledge encryption technology to achieve private peer-to-peer payments, offering encrypted electronic cash services. ZEC uses end-to-end encryption to protect user privacy and is a decentralized protocol, with users retaining control over their own funds. ZEC's transaction speed is faster than Bitcoin, and transaction fees are typically just a fraction of a cent, while also supporting the sending of private information in transactions. ZEC is supported by many major exchanges and its ecosystem offers a variety of wallet options, including the Zashi mobile wallet, Edge Wallet, and more.

BlockBeats News, December 7 — According to the latest data released by CryptoRank, the average cash cost for mining one Bitcoin has risen to $74,600. When factoring in depreciation and stock-based compensation (SBC), the all-in cost reaches $137,800. As the total network hash rate surpasses the symbolic milestone of 1 ZH/s, competition has intensified significantly, leading to a sharp decline in miners’ profitability. This trend is prompting many publicly listed mining companies to shift their capacity toward higher-margin businesses such as AI/HPC (High-Performance Computing), rather than continuing to invest in traditional Bitcoin mining. As a result, the industry is now splitting into two main models: • Infrastructure Providers: repositioning mining data centers for high-profit computing businesses • Traditional Miners: struggling to survive in an increasingly competitive, near-zero profit environment.

After several days of flat trading, Hedera’s HBAR token is currently in a consolidation phase, indicating a lack of clear market direction. However, investor activity is picking up, and early signs suggest that bearish pressure may be easing. The Chaikin Money Flow (CMF) indicator has risen significantly, indicating a notable reduction in selling pressure. If the CMF continues to improve and crosses above the zero line, HBAR will register a net inflow, potentially restoring trader confidence and providing momentum for a price increase.

According to Gate News Bot on December 5th, based on CoinMarketCap data as of press time, ZEC (Zcash) is currently priced at $394.27, up 11.76% in the past 24 hours, reaching a high of $473.16 and a low of $302.75. The 24-hour trading volume reached $1.138 billion. The current market capitalization is approximately $6.475 billion, an increase of $681 million compared to yesterday, currently ranking 18th. Zcash is a privacy-protecting digital currency and was the first cryptocurrency to develop zero-knowledge encryption technology for private peer-to-peer payments. Zcash uses end-to-end encryption to protect users' privacy rights, has faster transaction speeds than Bitcoin, and transaction fees are usually just a fraction of a cent. Zcash is fair and open, and anyone with an internet connection can use it. Recent important news about ZEC:

According to Gate News Bot on December 4, citing CoinMarketCap data, as of press time, ZEC (Zcash) is trading at $349.30, up 14.20% in the past 24 hours, reaching a high of $546.73 and a low of $302.75, with a 24-hour trading volume of $1.556 billion. The current market capitalization is approximately $5.736 billion, an increase of $713 million compared to yesterday. Zcash is a privacy-protecting digital currency that uses zero-knowledge proof technology to achieve end-to-end encryption and safeguard users' privacy rights. Zcash features fairness and openness, privacy protection, user control, the ability to send secret messages, low fees, fast transactions, and independent development. It is an improved version of Bitcoin, offering faster transaction speeds and fees that are usually just a fraction of a cent. The Zcash ecosystem is supported by a decentralized team of developers who continually add new features and improve the user experience.

PANews, December 3—ETHGas has officially launched the Open Gas Initiative, offering a zero-code gas subsidy solution to help various protocols cover part of users' gas costs and create a smoother, lower-friction on-chain interaction experience. The initiative is already live on the Ethereum mainnet and will later expand to other EVM public chains and Layer 2 networks such as BNB, Base, and Arbitrum. The initial OG lineup includes protocols such as EigenLayer, ether.fi, Pendle, and Velvet Capital, which will be the first to integrate the Open Gas Initiative and demonstrate real-world use cases through "gas subsidies +

According to Gate News Bot on December 3rd, citing CoinMarketCap data, as of press time, PEPE (Pepe) is currently trading at $0.0000046261, up 13.98% in 24 hours, reaching a high of $0.0000048719 and a low of $0.0000039693. The 24-hour trading volume reached $445 million. The current market cap is about $1.946 billion, an increase of $239 million from yesterday. Pepe is a meme token aimed at becoming the most meme-centric cryptocurrency. According to its official statement, the Dogecoin era has had its glory, and now it is time for the world’s most famous meme, Pepe, to take the throne. PEPE was launched with zero taxes and no presale; its liquidity pool has been burned and the contract has been renounced. The total supply is 420.69 trillion tokens.

ChainCatcher news, VanEck announced on the X platform that the company will extend the zero-fee policy for the VanEck Bitcoin ETF (code: HODL) until July 31, 2026.

Ethereum is ushering in a privacy revolution, with the zero-knowledge secret Santa (ZKSS) protocol released by Distributed Lab, which ensures transaction confidentiality while verifying transaction validity. This protocol uses zk-SNARKs to hide the identities of the sender and receiver, while addressing issues of double voting and insufficient randomness, achieving on-chain private transactions. The working mechanism of ZKSS is similar to the secret Santa game: participants submit anonymous random values for gift distribution, and transactions are verified while maintaining privacy. This process combines hash functions, ECDSA signatures, and Merkle proofs to ensure that operations are secure and tamper-proof. Enterprises and institutions can conduct confidential transactions through this protocol while retaining audit trails, reducing the risk of supply chain and financial information being disclosed.

According to ChainCatcher news, GANA Payment has officially confirmed its restart on December 2, 2025. The 3.1 million USD in assets that were stolen due to a security incident will be fully compensated by the GANA Foundation to all affected users, ensuring complete coverage of user assets with zero loss. The official announcement also stated that after the restart is completed, the project team will immediately relinquish all contract permissions, and GANA Payment will fully transition to a decentralized governance model. GANA is a PayFi payment infrastructure deployed on the BNB Chain, providing a simple, secure, and sustainable on-chain payment experience for global users through stablecoin settlement, LP clearing mechanisms, and an on-chain verifiable Proof-of-Pay model.

Ethereum developers are advancing a zero-knowledge protocol aimed at enhancing the privacy of on-chain interactions. The first application of this protocol is a "Secret Santa" matching system, where participants can randomly exchange gifts anonymously, laying the groundwork for broader private coordination tools in the future. Solidity engineer Artem Chystiakov shared related research on the Ethereum community forum, and he first published the results on arXiv in January of this year. The scheme allows participants to register Ethereum addresses and verify the relationship between sender and receiver through zero-knowledge proofs without revealing their identities. At the same time, transaction relayers are used to submit transactions, avoiding the association of personal wallets with operations, thus ensuring anonymity.

Monad (MON) quickly became the market focus after completing a $269 million ICO at an astonishing speed. However, within just a few days, market sentiment took a sharp turn, and the token price has fallen by 24%, raising sustainability concerns. Maelstrom CIO Arthur Hayes stated in an interview that, apart from BTC, SOL, and ETH, most Layer 1 projects will eventually go to zero, and Monad is no exception. He believes that MON is a typical "high FDV, low circulation VC Token," and the short-term rise cannot hide the risk of a 99% fall in the future. Hayes pointed out that the proportion of insiders locking their holdings is too high, and once the Token is unlocked, a large-scale sell-off may occur.

Japan's 10-year government bond yield rose to 1.86%, reaching a new high since 2008 and triggering tremors in global markets. As the Bank of Japan hinted that it would consider raising interest rates at the December rate meeting, the long-standing era of low interest rates may come to an end, directly threatening the support for global risk assets and Yen Carry Trade in the crypto market. In the past year, Japan's government bond yields nearly doubled, with the two-year yield reaching 1% for the first time since 2008. Although 1.86% is still considered low globally, it represents a significant structural change for Japan, a country that has long been in a "zero interest rate" environment. The low interest rates had allowed global investors to borrow yen at extremely low costs, flooding into U.S. Treasuries, European bonds, and high-risk assets, including encryption. However, as domestic yields rise, funds may begin to flow back to Japan.

Gate News Bot message, December 1, according to CoinMarketCap data, as of the time of writing, TRADOOR (Tradoor) is currently priced at $4.62, having risen by 26.81% in the last 24 hours, with a high of $4.76 and a low of $1.07. The current market capitalization is approximately $66.2 million, an increase of $14 million compared to yesterday. Currently, TRADOOR ranks 352nd in global Crypto Assets market capitalization. Tradoor is a fast and user-friendly crypto assets leverage trading platform that supports options and perpetual contract trading. Users can trade through the web, mobile, and Telegram with a starting capital as low as 1 dollar, offering advantages such as instant confirmation, zero slippage, and low gas fees. Tradoor also features an AI-driven trading system that ensures trade confirmations are completed within 50 milliseconds, and provides

Gate News Bot news, December 1st, according to CoinMarketCap, as of the time of writing, ZEC (Zcash) is currently priced at $383.41, having fallen by 17.81% in the last 24 hours, reaching a high of $592.50 and a low of $382.78. The 24-hour volume has reached $913 million. The current market capitalization is approximately $6.294 billion, a decrease of $1.363 billion from yesterday. Zcash is a cryptographically protected digital currency and the first cryptocurrency to develop zero-knowledge encryption technology for private peer-to-peer payments. Zcash is available to anyone with an internet connection and uses end-to-end encryption to protect users' privacy rights. As a decentralized protocol, Zcash allows users to have complete control over their funds. Zcash transaction speeds are faster than Bitcoin, and fees are typically only a fraction of a cent. Z

BlockBeats news, on November 30, Arthur Hayes and Monad co-founder Keone Hon continued their verbal battle over "Monad as a high FDV low circulation VC coin." Keone Hon pointed out that the project party of the investment portfolio under Arthur Hayes' family office Maelstrom has not unlocked all the tokens either. Arthur responded: "The projects we are currently or have previously invested in or advised also have a large amount of locked-up tokens. My advice to founders has always been that the team's and investors' tokens should be fully unlocked 100% as soon as possible, preferably unlocked all at once immediately." "Then one of the following two situations will happen: the price will drop to zero directly, and if there is no organic demand based on actual usage, it will remain there; or the price will first experience a big dump, and then..."

Gate News bot message, trader 0xccb5 experienced a complete liquidation of their 244.38M $MON long position (valued at $6.5M) during MON's sharp price decline. The liquidation resulted in a $1.9M loss, leaving the trader's account balance at zero.

PANews, November 29 - FC Barcelona has signed a global sponsorship protocol worth $22 million for three years with the encryption company Zero-Knowledge Proof (ZKP), becoming the club's official encryption protocol partner. However, this move has sparked criticism from the outside. Former board members of the club

PANews, November 29 news, according to CCTV news, the Macro-Prudential Management Bureau of the People's Bank of China has recently issued a notice to fully support the search and rescue of personnel, medical treatment of the injured, and post-incident comfort work for the fire in Tai Po, Hong Kong, ensuring that donations received domestically are credited with zero latency. The People's Bank supports commercial banks in establishing a green channel for cross-border RMB donations. Commercial banks do not need to review document materials and can directly transfer donations to the Tai Po Hong Fu Yuan Assistance Fund account (01287521901607) based on payment instructions from domestic institutions or individuals, and ensure proper submission of RCPMIS data as required.

Gate News bot message, according to the platform announcement on November 28, 2025: Gate flash exchange platform has added GUA token exchange service. Users can now exchange GUA with other cryptocurrencies through the flash exchange function. The platform currently supports flash exchange services for over 2,200 types of cryptocurrency assets, providing users with a fee-free token exchange feature.

PANews, November 28 news, according to BNB Chain announcement, its USDC and USD1 stablecoin transfer zero-fee promotion will be extended until December 31, 2025, aiming to promote the popularity of on-chain stablecoin payments and user activity.

He Yifa emphasized in his article that the world is a positive-sum game, and the transformation in the encryption field will challenge the interests of traditional institutions, which will do their utmost to protect themselves. Historical development will not stagnate due to opposition; the choice of users lies with individuals, and criticism only shows that opponents are at a loss.

Odaily News CBB publicly expressed dissatisfaction on social media, stating that MegaETH expanding the public sale scale to 1 billion USD is "too greedy" and bluntly said, "Send this trash to zero please."

BlockBeats reported that on November 25, according to CryptoQuant data, the Sharpe ratio of Bitcoin has fallen below 0, reaching its lowest level since the FTX collapse. Additionally, there have been several instances in the chart where the Sharpe ratio dropped to zero or close to zero (in 2019, 2020, and 2022), usually coinciding with the bottoms or significant flips in Bitcoin prices. The Sharpe ratio is a measure of the relationship between investment return and risk, and a Sharpe ratio close to zero usually indicates high price fluctuation but insufficient returns to compensate for the risk, often occurring at market bottoms or during capitulation phases.

The only Litecoin ETF in the U.S. has seen a net inflow of zero for five consecutive trading days, highlighting the lack of interest from investors since its listing in October 2025. According to data from SoSoValue, as of November 25, 2025, the Canary Litecoin Spot ETF (LTCC) has had a daily net inflow of $0 over the past five trading days. The Canary Litecoin ETF has performed the worst among the recently approved cryptocurrency ETFs, significantly lagging behind funds focused on XRP and Solana. Its net assets are only $7.44 million, and the cumulative net inflow since its launch on October 28, 2025, is only $7.26 million.

BlockBeats news, on November 24, according to on-chain AI analysis tool CoinBob (@CoinbobAIbot), it was monitored that a Whale (0x93c), who was previously the largest long position on BTC on Hyperliquid, has been buying the dip on BTC and ETH since the 12th, with total holdings reaching up to 85 million USD. However, on the 18th, they faced liquidation, recording a loss of approximately 7.35 million USD. Subsequently, they opened a new long order on ETH with the remaining 1.3 million USD in their account, making a small profit of 910,000 USD before closing the position and withdrawing. Additionally, according to Coinbob's popular address monitoring, a BTC Whale (0x7b7) that was accurately hit with a loss of 97 million USD has dropped to zero. This address transferred 7 million USD to Hyperliquid on November 6.

ChainCatcher news, despite China's comprehensive ban on crypto assets trading and mining in 2021, Bitcoin mining activities are quietly reviving in China. Hashrate Index data shows that China's Bitcoin mining market share has rebounded from zero after the ban to 14% by the end of October, ranking third in the world. Miners primarily utilize cheap electricity and surplus capacity from data centers in energy-rich provinces like Xinjiang. Mining rig manufacturer Canaan's sales in China in the second quarter of this year have exceeded 50% of its global revenue.

Gate News bot news, according to the official announcement from Gate on November 20, 2025. Gate will launch BOB spot trading on November 20, 2025, at 20:30 ( UTC+80, opening the BOB/USDT trading pair. The BOB project is dedicated to building a Bitcoin DeFi ecosystem by combining the security of Bitcoin with the flexibility of Ethereum, creating a liquidity and application platform for Bitcoin. The project employs hybrid chain technology, integrating ZK zero-knowledge proofs with BTC staking, to create a native bridge connecting Ethereum and Bitcoin)BitVM(, supporting users to perform cross-chain DeFi operations on 11+ chains.

Gate News Bot message, on November 20, according to CoinMarketCap market data, MANTA (Manta Network) is currently reported at $0.13, with a rise of 13.93% in the last 24 hours, reaching a high of $0.13 and a low of $0.11. The current market capitalization is approximately $56.8 million, an increase of $6.95 million compared to yesterday. Manta Network is a modular blockchain platform focused on zero-knowledge proof applications. The project aims to provide high-performance, low-cost infrastructure for Web3, supporting developers in building innovative decentralized applications. Manta Network has a complete ecosystem and several key milestones, including building a ZK stack on Polkadot and launching the first modular L2 using the Celestia data availability layer.

According to Foresight News, the zero-knowledge privacy technology project Aztec has launched the L2 blockchain Ignition Chain, which is now live on the Ethereum Mainnet. The official statement indicates that any user can stake, earn Block Rewards, and coordinate block generation, with early Sequencers receiving higher Block Rewards.

Gate News Bot news, on November 20, according to CoinMarketCap data, ZEC (Zcash) is currently priced at 674.79 USD, rising by 10.59% in the last 24 hours, with a peak of 735.77 USD and a low of 471.39 USD. The 24-hour volume reached 2.088 billion USD. The current market capitalization is approximately 11.012 billion USD, an increase of 1.054 billion USD compared to yesterday. Zcash is a type of encrypted electronic cash and is the first cryptocurrency to develop zero-knowledge encryption technology for private peer-to-peer payments. Zcash is available for anyone with an internet connection and uses end-to-end encryption to protect user privacy rights. As a decentralized protocol, Zcash allows users to have complete control over their funds. In addition, Zcash also supports sending private messages, with transaction speeds faster than Bitcoin and fees usually only a few cents.

Gate News Bot news, on November 20, according to CoinMarketCap data, ZK (ZKsync) is currently priced at 0.05 USD, up 16.04% in the last 24 hours, with a high of 0.06 USD and a low of 0.04 USD. The current market capitalization is approximately 479 million USD, an increase of 66.61 million USD compared to yesterday. ZKsync is a blockchain network protected by cryptographic technology rather than validators. Its cutting-edge zero-knowledge proof technology provides the necessary privacy, performance, and connectivity for businesses to thrive in the digital asset economy. ZKsync connects public chains and private chains, forming a single cryptographically secure network. It allows users to launch, control, and monetize their own chains while maintaining a connection to global liquidity. ZKsync also supports the tokenization of physical assets, building programmable capital markets, and real-time cross-border.

ChainCatcher news, Yala stablecoin YU has fallen to $0.116, having once big dump to $0.097 yesterday, nearly drop to zero, with a total drop of 88.4% over the past seven days. According to the Yala team, they are currently assessing the scale of funds needed to stabilize the market and are advancing financing with law enforcement agencies and funding partners. A clear plan, including the funding recovery path and subsequent operational measures, is expected to be finalized by December 15.

AIUSD has launched the world's first Agent Money infrastructure, connecting AI agents with users and enabling cross-chain routing and other functions. The system has maintained zero monthly drawdown over the past two and a half years, with a volume of USD 1 trillion. Meanwhile, AIUSD's parent company, Generative Alpha, has completed Pre-Seed financing, with investors including well-known investors from Silicon Valley and Wall Street.

AIUSD has launched the "Agentic AI Money Infrastructure", achieving cross-chain and cross-exchange trading management, with an annual trading volume reaching $1 trillion, zero drawdown for two and a half years, attracting 3 million users. The project has completed nearly eight-digit USD Pre-Seed financing, with a team composed of former experts from DeepMind, Citadel, and others.

PANews, November 19 news, according to PYMNTS, Block, the company founded by Jack Dorsey, has launched the "Bitcoin is Everyday Money" initiative, calling for U.S. legislation to establish a tax-free threshold for Bitcoin payments under $600, simplifying the tax burden in everyday microtransactions. Current tax laws treat Bitcoin payments as asset sales, requiring the declaration of Capital Gains Tax. Block has also launched a merchant product under its Square brand that supports zero-fee Bitcoin payments, aiming to build a no-intermediary, low-cost payment rail.

Polygon Labs revealed that the Digital Bank Revolut has integrated Polygon for stablecoin transfers and trading, allowing users to send and receive USDC and USDT within the app, enjoying zero transaction fees. By 2025, the volume will exceed 690 million USD.

Gate News Bot news, on November 18, according to CoinMarketCap data, as of the time of writing, PEPE (Pepe) is currently priced at $0.0000047846, a fall of 3.85% in the last 24 hours, with a high of $0.0000060913 and a low of $0.0000046354. The current market capitalization is approximately $2.013 billion, a decrease of about $80.7028 million compared to yesterday. PEPE is a meme coin themed around the well-known internet meme frog Pepe. The project aims to revitalize the meme coin market through pure meme power. PEPE has no presale, zero taxes, has burned liquidity pool tokens, and has renounced contract ownership. The project team states that PEPE is a token that forever belongs to the people, but also emphasizes that the token has no intrinsic value and is only for entertainment purposes. PEPE near

Gate News Bot message, on November 18, according to CoinMarketCap data, as of the time of writing, LTC (Litecoin) is currently priced at $93.75, down 3.53% in the last 24 hours, with a high of $109.06 and a low of $90.62. The 24-hour volume reached $872 million. The current market capitalization is approximately $7.175 billion, a decrease of $263 million compared to yesterday. Litecoin is a peer-to-peer internet currency that supports instant, almost zero-cost payments to anyone globally. Litecoin is an open-source global payment network that is fully decentralized, with no central authority. The network is secured by mathematics, giving individuals control over their finances. Compared to leading mathematically-based currencies, Litecoin offers faster transaction confirmation times and higher storage efficiency. With

Gate News Bot news, on November 18, according to CoinMarketCap data, as of the time of writing, MINA (Mina) is currently priced at 0.15 USD, with a rise of 13.06% in the last 24 hours, reaching a high of 0.15 USD and a low of 0.12 USD. The current market capitalization is approximately 184 million USD, an increase of 21.3 million USD compared to yesterday. Mina Protocol is the lightest blockchain for building secure decentralized applications (DApps). Mina's blockchain maintains a constant size of 22KB, regardless of the growth in transaction volume, making it easy for any device to verify the entire chain while maintaining the security of full nodes. Users only need to check a single, recursive "proof of all things." Mina achieves programmable privacy through zero-knowledge proofs, allowing developers to use Typ