cash

Cashmere Labs announced the launch of Goat Street's first practical features and products. Goat Street NFTs on the Robinhood Chain can now earn native ETH and on-chain stock yields, with the weight depending on the duration of NFT holding and level.

The price of Zcash (ZEC) has risen to its highest level since 2016, with a market capitalization surpassing $20 billion. According to CoinGecko data, ZEC once reached $1,249.28 before falling back to around $1,195, having increased approximately 45% over the past week and 138% over the past 30 days. However, the current price is still below the historical high of $3,191.93 set on October 28, 2016.This round of increases is primarily driven by Grayscale converting its Zcash Trust into an exchange-traded fund (ETF). The product code is ZCSH, which began trading on NYSE ARCA on August 25, allowing investors to gain exposure to ZEC through brokerage accounts. As of last Friday's close, the ETF reported $83.77, with assets under management reaching $463.2 million. Zcash allows users to choose between public transactions and "shielded" transactions, the latter utilizing zero-knowledge proofs to verify payments without disclosing the sender, receiver, or transaction amount.Grayscale's research director Zach Pandl stated in an analysis on August 31 that this could become a "must-have" feature for privacy-focused users. Pandl pointed out that artificial intelligence might increase the demand for financial privacy by making it easier to associate public blockchain transactions with user identities.

Global Macro Investor founder and CEO Raoul Pal published a discussion on how to value L1. He used Ethereum as an example, stating that if it were to shut down, all stablecoins, DeFi, all L2s, and NFTs on it would go to zero.Pal indicated that L1 attracts assets, capital, and velocity due to its intellectual density. Ethereum has the most developers, programmability, and a complete ecosystem. He has repeatedly heard the DCF argument and believes it is meaningless; the valuation target is not cash flow, but everything guaranteed by the chain.He stated that as we enter the era of indices, the entire human economy and the new intelligent economy will be on-chain, and immense value will accumulate in these foundational layers, which is evident.

According to Onchain Lens monitoring, in the past 24 hours, a certain whale accumulated 3.23 million PONS by buying with 913 ETH (approximately 2.26 million USD); bought 1.69 million CASHCAT with 160 ETH (approximately 392,000 USD); purchased 7,270 AAVE with 1 million USDC; and acquired 156,450 UNI with 850,000 USDC.

According to market news, the Tectonic attacker marked address has deposited 2,658.9 ETH (approximately 6.65 million USD) into TornadoCash.

According to GMGN data, Robinhood Chain Meme coin CASHCAT's market capitalization briefly surpassed 300 million USD, reaching a new high, currently reported at 275.4 million USD, with a 24-hour increase of 7.68%.Market news reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

The Payment and Settlement Department of the People's Bank of China released the overall situation of the payment system operation for the second quarter of 2025. By the end of the second quarter, a total of 15.238 billion bank accounts had been opened nationwide, including 116 million corporate bank accounts and 15.122 billion personal bank accounts; a total of 10.068 billion bank cards had been issued nationwide, including 9.354 billion debit cards and 715 million credit cards and loan cards, with 775,700 ATMs.In the second quarter, banks nationwide processed 149.789 billion non-cash payment transactions, amounting to 136.536 trillion yuan. Bank card transactions totaled 146.662 billion, amounting to 22.670 trillion yuan, of which consumer transactions accounted for 93.371 billion, amounting to 3.157 trillion yuan. Banks processed 80.053 billion electronic payment transactions, amounting to 85.816 trillion yuan, including 18.217 billion online payments, amounting to 70.785 trillion yuan, and 58.386 billion mobile payments, amounting to 13.606 trillion yuan. Non-bank payment institutions processed 333.845 billion online payment transactions, amounting to 8.211 trillion yuan.In the second quarter, the payment system processed a total of 392.751 billion payment transactions, amounting to 308.483 trillion yuan. The People's Bank of China Clearing Center system processed 5.543 billion transactions, amounting to 22.957 trillion yuan; the UnionPay interbank payment system processed 97.641 billion transactions, amounting to 6.671 trillion yuan; the NetUnion clearing platform processed 283.180 billion transactions, amounting to 14.558 trillion yuan; and the RMB cross-border payment system processed 2.121 million transactions, amounting to 4.594 trillion yuan.

According to GMGN data, CASHCAT's market capitalization has reached a historical high of $267 million, with the current coin price at $0.265, a 24-hour increase of 16%.Meme coin prices are highly volatile and easily influenced by market sentiment and trending events; please be aware of trading risks.

According to The Block, Ethena Labs announced the launch of the beta version of its self-custody payment application Ethena Pay on Avalanche, covering 48 countries.The application integrates Ethena's synthetic dollar USDe, allowing users to earn rewards on their account balance, including up to 6% annual yield and up to 10% cash back when using designated merchants.The founder of Ethena stated that this is the first bank-like application to integrate the issuer's own stablecoin products with banking applications. Users can hold USDe, receive fiat currency through international bank accounts or directly deposit in cryptocurrency, and can also send funds to others and settle in the recipient's local currency.The application supports "instant" global transfers, with free transfers for USD, EUR, and other currencies, while other bank transfers incur certain fees. The application offers three membership tiers: standard users can enjoy a 5% annual yield, and by depositing 2000 USD in USDe or inviting 10 users, they can upgrade to VIP status, enjoying a 6% yield; depositing 10,000 USD or inviting 50 people allows for further upgrades. Cash back is paid in AVAX.The beta version of Ethena Pay is now available on iOS and Android, initially covering countries such as Brazil, Mexico, South Africa, the Philippines, Singapore, the UAE, and Australia, with the US, EU, Canada, and South Korea to follow. Currently, the circulating supply of USDe is approximately 4 billion USD.

According to GMGN market data, the Robinhood Chain ecosystem meme coin CASHCAT briefly surged by 10%, with a market capitalization exceeding 220 million USD.

According to Hong Kong 01, Binance founder Zhao Changpeng reflected on his journey from a rural area in Jiangsu to a net worth of hundreds of billions in an exclusive interview, sharing his "Four No" financial principles: do not buy stocks, do not speculate on real estate, do not trade cryptocurrencies, and do not hold excessive cash. He explained that real estate transactions are time-consuming and the returns are not worth it, and he never trades stocks or engages in short-term cryptocurrency trading, only holding long-term and selling some crypto assets when needed. "Holding fiat currency is the dumbest investment method; cash continues to depreciate."In 2013, Zhao Changpeng sold his house and invested all his money into Bitcoin, which at one point dropped two-thirds in value and remained stagnant for a year and a half. In 2017, he founded Binance, which became the world's largest cryptocurrency exchange in just five months. In 2023, he was sentenced to four months in prison for violating the U.S. Bank Secrecy Act, and was pardoned by Trump last year. His current net worth is approximately $114.6 billion. He admitted that success is a matter of luck, but the key lies in consistently making the right decisions and quickly correcting mistakes.

According to Bitcoin.com, Fomo is a social crypto trading application aimed at the Robinhood Chain and other networks. On August 21, it entered the top five financial apps in the U.S., briefly rising to third place, surpassing Cash App and the prediction market Kalshi, and is currently in the top 15.Fomo was founded by Paul Erlanger and Se Yong Park and launched its public beta in May 2025. In November 2025, it completed a $17 million Series A funding round led by Benchmark, with participation from 140 angel investors; it then completed a $75 million Series B funding round, with a total disclosed equity financing of approximately $94 million.Fomo supports Solana, Base, BNB Chain, Monad, and Robinhood Chain, allowing users to view real-time trades of their followed assets, track leaderboards, and copy trading signals, with funds able to be deposited instantly via Apple Pay. It has accumulated over 1 million installs on Google Play, with more than 600,000 users and a trading volume exceeding $4 billion.

According to reports from the major factory, ByteDance recently held a briefing on Doubao stocks and introduced new policies for relevant employees: the price of Doubao stocks was adjusted from $14.85 per share in June to $17.02 per share, an increase of about 14.6%; the issuance of Doubao stocks was increased, with some employees reaching a total package of about 5%; employees can choose to convert a certain proportion of cash in their total package into Doubao stocks, with the proportion varying by job level.This adjustment mainly targets the large model departments under Seed (pre-training, multimodal, VLM, etc.) and the Doubao main APP team under Flow. From $13.08 in April of this year to $17.02 in August, the Doubao stock has increased by about 30.1% in less than half a year, which is about twice the increase of ByteDance options during the same period (approximately 14.5%).

The Zcash full node client team, Zakura, has released Zakura Common, a set of cryptographic and protocol libraries for the Zcash ecosystem. Official benchmarks show that the proof generation speed on mobile has increased by over 14 times (over 5 times on desktop), Sinsemilla hash speed has increased by over 21 times, decryption trial speed has increased by over 1.5 times, and zk-SNARK verification speed has increased by 4 to 8 times; in many cases, the waiting time for wallet transaction creation can be reduced from over 3 seconds to under 200 milliseconds.This upgrade does not require a network upgrade and has been open-sourced under the MIT/Apache 2.0 dual license. Zakura 1.3.0 will switch to this technology stack.

According to on-chain analyst @ai_9684xtpa, a certain address built a position in the PONS native token at a low point 46 days ago, spending only $115,000, and is currently profiting over $2.82 million, with a return rate of 2456.6%. The address liquidated CASHCAT 1 hour ago, making a profit of $598,000.

The privacy-focused cryptocurrency Zcash has increased approximately 19 times in the past year, but its market capitalization is still less than 1% of Bitcoin. Digital asset management company Grayscale states that financial privacy, cybersecurity development, and cross-chain connectivity capabilities may drive Zcash to further expand its market share. As of today, Bitcoin's market capitalization is $1.56 trillion, while Zcash's market capitalization is $13.74 billion, about 0.88% of Bitcoin's, with Bitcoin's market cap being approximately 114 times that of Zcash.Grayscale estimates that if ZEC reaches 2%, 5%, and 10% of Bitcoin's market capitalization, the corresponding prices would be $1,622, $4,054, and $8,109, respectively; these scenarios are not price predictions. Grayscale's Zcash ETF began trading on NYSE Arca under the ticker ZCSH, moving from OTCQX to NYSE Arca, providing investors with spot ZEC exposure without the need to directly purchase tokens or manage wallets and private keys. Zcash uses proof-of-work and has a fixed supply of 21 million coins, supporting the concealment of transaction details through zero-knowledge proofs. Its intents technology can coordinate cross-chain transactions based on user goals, such as exchanging other digital assets for ZEC.

According to GMGN market data, the market capitalization of Robinhood Chain Meme coin CASHCAT briefly surpassed $250 million, setting a new historical high, currently reported at $243 million, with a daily increase of over 31%.Users are reminded that meme coins generally have little actual value and are subject to significant price fluctuations; trading should be done with caution.

The dollar assets of Bitcoin Treasury Company Strategy have reached $6.69 billion, nearly equivalent to its $6.75 billion outstanding convertible bonds, with the net leverage ratio dropping to nearly zero. Driven by ongoing buybacks and the rebound of Bitcoin prices to around $80,000, its preferred stock STRC has rebounded over 35% since the low in June, currently reported at $97.23, still below the $100 par value.Executive Chairman Michael Saylor stated that USD Cash has enhanced the company's digital credit capital framework, specifically for the general purposes of Bitcoin Treasury Company, including increasing BTC holdings, paying preferred stock dividends and interest, repurchasing MSTR/preferred stock, repaying convertible bonds, and increasing dollar reserves. In May, Strategy repurchased $1.5 billion of convertible bonds maturing in 2029 to alleviate its debt burden.Competitor Strive Asset Management eliminated all debt earlier this year, and its preferred stock SATA has rebounded to the $100 par value, with shares issued last week through an ATM program. Analysts pointed out that eliminating debt will strengthen STRC's position in the capital structure, but ongoing buybacks, ample dollar liquidity, and the rebound in Bitcoin prices may provide more direct support for the preferred stock to return to par value.

Zcash (ZEC) fell 7.6% to $787 on Wednesday, giving back a 56% gain from the previous week that had pushed the price to an eight-year high of around $880. This pullback coincided with Grayscale's Zcash Trust converting to a spot ETF and listing on the NYSE Arca on Tuesday (ticker ZCSH), with the trust holding approximately 393,000 ZEC, valued at over $260 million.In the days leading up to the ETF listing, ZEC surged from below $600 to above $880, reaching its highest level since 2018, as the market compared it to Bitcoin's 21 million supply cap and proof-of-work mechanism, promoting its "next Bitcoin" narrative. During this period, the open interest in ZEC perpetual contracts nearly doubled to $1.8 billion, with leveraged funds potentially accelerating both the upward and downward movements.In the overall market, Bitcoin fell 2% to $78,900, with most major cryptocurrencies closing lower, marking a pause in the week-long crypto rebound.

According to GMGN market data, CASHCAT has risen by nearly 9% in 1 hour, with a market capitalization recovering to $226 million, leading the "Cat-themed Meme" sector, with a 24-hour trading volume reaching $38.3 million. Other strong tokens in the "Cat-themed Meme" sector have the following 4-hour price changes: BSC ecosystem BNBCAT has risen over 17% in 4 hours, with a market cap increasing to $3.44 million; BSC ecosystem "Hajimi" has risen over 1% in 4 hours, with a market cap increasing to $15.52 million; Solana ecosystem CATE has fallen over 1% in 4 hours, with a market cap decreasing to $6.363 million; Base ecosystem Basecat has risen over 3% in 4 hours, with a market cap increasing to $25.34 million.ChainCatcher reminds users: Most meme coins have no real use cases and are highly volatile. Please pay attention to asset protection and do not FOMO.