UAE authorities have moved to outlaw privacy-focused cryptocurrencies including XMR, DASH and ZEC and introduced tighter stablecoin regulations to boost transparency. The measures aim to reassure institutional investors while increasing compliance for exchanges and issuers.
Monero (XMR) has climbed back into the top 15 cryptocurrencies by market cap as privacy-focused tokens rally, diverging from broader market trends. The move highlights renewed investor interest in on-chain privacy features amid shifting market flows.
Dubai's DFSA has declared privacy-focused tokens incompatible with global compliance and is shifting to a firm-led token suitability framework while defining clearer stablecoin categories. The move explicitly flags tokens such as DASH, XMR and ZEC and raises compliance obligations for local crypto firms.
Monero climbed to a fresh record high as a wave of buying lifted privacy tokens and select altcoins while Bitcoin traded sideways. Zcash, Dash and Solana were among the standouts in the move.
Monero (XMR) climbed above $500 Sunday, marking its highest levels since 2021 while rival Zcash (ZEC) lagged. Traders say XMR faces stiff resistance in the $500–$520 zone that could invite a sharp pullback unless decisively cleared.
Monero (XMR) climbed 15% over the past week with a sharp 24-hour spike, becoming the most profitable asset among top-20 cryptocurrencies. Trading volume rose 15% to $169.01 million, outpacing Bitcoin and Ethereum.
Grayscale has filed with the SEC to convert its Zcash Trust into a spot ZEC ETF that could list on NYSE Arca, potentially becoming the first exchange-traded product tied to a privacy coin. The proposal follows a wave of spot crypto ETF listings from Grayscale and other asset managers and will test regulatory tolerance for privacy-focused products.
Grayscale has submitted an S-3 registration statement to the SEC seeking approval to list the first U.S. exchange-traded fund for Zcash (ZEC). The filing marks a notable step toward regulated, brokerage‑accessible exposure to a major privacy-focused cryptocurrency.
Zcash jumped about 21% on Nov. 13 to trade back above $500 after falling more than 40% from a seven‑year high of $735 over the weekend. Market data points to a fresh catalyst behind the rebound, though details remain mixed.
Leap Therapeutics (LPTX) jumped about 300% after disclosing a $50 million purchase of Zcash (ZEC) at roughly $454.92 per coin, following a $58.9 million raise led by Winklevoss Capital. The former biotech has completed a rapid pivot to a digital treasury strategy.