Zcash (ZEC) surged 10% to $1,616 during Wednesday morning's Asian trading session, leading gains among major cryptocurrencies. Bitcoin prices held steady near $86,900, up 1% over 24 hours.
Market sentiment was boosted by two pieces of news from Washington: The U.S. House Financial Services Committee approved the "American Reserves Modernization Act" on September 17 with a vote of 28 to 21. This bill aims to incorporate approximately 325,000 government-held Bitcoins into the Treasury's strategic Bitcoin reserve, requiring them to be held for at least 20 years while also studying options for increasing holdings. Additionally, the U.S. Securities and Exchange Commission (SEC) utilized an innovative exemption to clear the way for on-chain trading of tokenized U.S. stocks, a move that boosted tokenization-related tokens and market confidence.
Faster global financial news!
Zcash leads cryptocurrency gains, rising 10% to $1616; US House Committee approves Bitcoin Strategic Reserve Act, SEC paves the way for on-chain trading of tokenized US stocks
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source：CoinDesk · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Goldman Sachs analysts say Turkish investors are primarily moving funds withdrawn during the redemption crisis into Lira deposits.
-
2
Russia launched a massive attack on Ukraine, killing at least 3 people and cutting power to nearly 100,000 residents in the Chernihiv region.
-
3
Natural gas is up 5.96% today, currently trading at $3.005.
-
4
LIC reportedly leads bidding in NSE's $2.4 billion India IPO
-
5
Two oil tankers were attacked in the Strait of Hormuz, after Iran claimed to have received intelligence that the US was planning new attacks.
-
6
US lithium recycler R3 Lithium eyes Vietnam battery business, in talks with auto, electronics firms and government
-
7
Jefferies: Meta AI agent Muse goes viral, AI PCB market size expected to reach $73 billion by 2030, ABF substrate to reach $30 billion.
-
8
South Korea's antitrust regulator opens preliminary review of Uber's planned $13.7B acquisition of Delivery Hero
-
9
Spot Bitcoin ETFs attracted nearly $1 billion in inflows on Monday, marking their largest single-day inflow since October 6, 2025, and the ninth largest inflow ever.
-
10
Bitcoin ETF flows fluctuate, price breaks $85,000: What does the second half of the bull run hold?
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
