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AllianceDAO Genesis: ZEC's conservative target is to reach 3%-5% of BTC's Market Cap

1 hours ago

May 21st: Wang Qiao, co-founder of AllianceDAO, has outlined two market cap targets for ZEC relative to Bitcoin (BTC)’s total value. The conservative goal sees ZEC reach 3% to 5% of BTC’s market capitalization, a move driven by BTC holders allocating a portion of their portfolios to ZEC as a hedge. The aggressive target is far higher: 15% to 20% of BTC’s market cap, a ratio matching the historical silver-to-gold exchange rate. Qiao also noted that if BTC faces a catastrophic event—such as a massive sell-off by Michael Saylor, a quantum attack, or another major crisis—ZEC could even flip BTC entirely. ZEC has surged over 25% in the past month, pushing its market cap past the $10 billion mark. As of press time, ZEC’s market cap stands at $10.9 billion, while BTC’s is roughly $1.54 trillion. If Qiao’s projections pan out, ZEC still has a potential 3x to 6x price upside from current levels.
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The Bitcoin hardware wallet manufacturer Foundation has announced the completion of a $6.4 million fundraising round, with Fulgur Ventures leading the investment.

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Anthropic to Lease Compute Resources Powered by Microsoft's Custom AI Chip

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Blockchain.com has secretly submitted a US IPO application

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Former CFTC Chairman to Serve as Senior Advisor at Jefferies, Previously Held Pro-Digital Assets Stance

May 21st — Former U.S. Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo, widely known as "Crypto Dad" for his early advocacy of digital assets, has joined Jefferies Financial Group Inc. as a senior advisor focused on investment banking, per Bloomberg. During his time at the CFTC, he oversaw the launch of the first Bitcoin futures contracts by the Chicago Board Options Exchange (CBOE) and CME Group Inc., and advanced self-regulation for Bitcoin derivatives.

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