The three major US stock indexes closed higher this morning, cryptocurrency-related stocks extended their rally, and Tesla hit a new monthly high.

According to HTX market data, ZEC briefly surged past $833 this morning, hitting a new all-time high. It has rallied 67% in the past seven days, 230% in 180 days, and 1970% over the past year. Recent key catalysts include: - Grayscale filed its Fourth S-3 amendment to advance the conversion of Zcash Trust into a spot ETF (proposed ticker: ZCSH), and disclosed that a DCG subsidiary is in non-binding discussions to inject approximately 200,000 ZEC (valued at around $110 million at the time). - Cypherpunk Technologies, backed by the Winklevoss twins, launched the world’s largest ZEC mining machine cluster, controlling roughly 18% of the network’s total hash rate while continuing to increase its holdings of ZEC treasury. - Ironwood’s network upgrade (NU6.3) has gone live, fixing a previous vulnerability in the Orchard privacy pool, enhancing the security and verifiability of the shielded pool, and facilitating fund migration and restoring ecosystem confidence. Against the backdrop of rising privacy narratives and market short squeezes, ZEC has emerged as one of the top-performing privacy coins in this cycle, with its price still in a high-volatility range.

According to HTX market data, BNB has surpassed $700, gaining more than 6% in the past 24 hours, pushing its market capitalization to $92.981 billion.

According to HTX market data, HYPE has broken through $80, hitting a fresh all-time high, with its 24-hour gain expanding to 7.46%.

Hyperliquid’s testnet has recently added compliance operation control features including whitelisting, forced liquidation, and collateral transfer. A node named "Kraken HIP-3 test DEX" has activated these permissioned features, whitelisted 10 wallets, and registered the "Kraken Exchange Validator". While the testnet supports permissionless deployment and full attribution cannot be confirmed, combined with Kraken parent company Payward’s licensing arrangements for xStocks and U.S. derivatives, the community widely interprets this as likely the first major compliant CEX to seriously adapt to Hyperliquid’s permissioned HIP-3 framework. What has sparked even more discussion is the contrast here: Kraken itself has incubated its own Ethereum Layer 2 "Ink", yet it chose to test compliance modules on Hyperliquid, a high-performance perpetual infrastructure long viewed as "not fully compliant". Analysts believe this is not a simple "abandonment of its own chain", but a pragmatic choice: the HIP-3+Star optional modules allow CEXs to quickly access verified order book and margin systems while retaining control over KYC and account-level risk control. Hyperliquid is being repositioned as a neutral underlying trading infrastructure, where permissioned and permissionless layers coexist in isolation. Whoever integrates the compliance modules will gain access to institutional liquidity in the next phase. This remains in the testing stage, with neither side having made an official announcement.

According to HTX market data, ZEC has extended its strong rally, surging briefly above $833 to hit a new all-time high. It has since pulled back to $811.52, with its 24-hour gain expanding to 41% and market cap rising to $13.912 billion.

According to HTX market data, HYPE briefly surged past $79.3, marking a new all-time high. It has since pulled back to $78.79, with a 24-hour gain of 6.66%.