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According to ChainCatcher, citing CoinDesk, the privacy-focused cryptocurrency Zcash (ZEC) has surpassed the long-dominant Monero (XMR) in market capitalization, signaling a potential power shift in the privacy coin sector. ZEC's market cap exceeded XMR for the first time last Friday, remaining above its predecessor for several consecutive hours after rising nearly 50% over the previous seven days. Throughout the weekend, ZEC maintained its lead, with its market cap peaking at 7.2 billions USD, while XMR hovered around 6.3 billions USD. Recently, both have had market caps of approximately 6.4 billions USD. Zcash was launched in 2016, while Monero was created in 2014. The main difference between the two lies in their privacy mechanisms: Zcash offers an optional privacy mode, allowing users to choose between transparent or shielded transactions; Monero, on the other hand, encrypts all transactions by default, lacking such flexibility. This adaptability makes Zcash more accessible to traders and institutions, especially those seeking a balance between privacy and compliance. In contrast, Monero has been delisted from several major exchanges due to anti-money laundering (AML) and know-your-customer (KYC) concerns.

Jinse Finance reported that Hong Kong Web3 investment firm Animoca Brands has submitted a listing application in the United States, planning to go public on Nasdaq through a reverse merger with Singapore-based Currenc Group (CURR), with a valuation of approximately $1 billion. Documents show that Animoca's 2024 revenue reached $165 million, a year-on-year increase of 116%, mainly derived from digital asset advisory and portfolio management businesses.