The Ethereum 1-day chart is shaping an intriguing technical formation that could define its next move. This setup reflects growing uncertainty in the market but also sets the stage for high-impact volatility. Ethereum Approaches Decision Point: Breakout Or Breakdown? Ethereum is currently forming a megaphone pattern, a broadening formation characterized by widening price swings and increasing volatility. This structure typically reflects market indecision, as both bulls and bears battle for control, leading to expanding highs and lows. Sharoon Gill noted on X that the widening price action is a key signal that volatility is building, and a significant move could be on the horizon. Sharoon Gill points to two crucial levels to watch closely: a breakout above $2,400 would confirm bullish momentum and pave the way for further gains, while a drop below $2,240 may indicate a bearish breakdown and trigger a downward move. Evrenos Albarson shared a sharp take on Ethereum’s positioning, pointing out that the 4-hour chart looks decent, and for ETH to maintain any bullish momentum, it must reclaim the $2,550 level, a threshold that would signal strength and consolidation to the upside. However, if ETH fails to push above $2,550, the market could face a sudden drop to $1,800 as Evrenos Albarson targets a support zone from the consolidation phases. According to Bit Amberly, Ethereum is showing early signs of a rebound as it bounces off the lower boundary of a broadening wedge. This pattern, often associated with potential reversals, suggests that ETH may be gearing up for a bullish push and provide key support holds. If ETH holds above the $2,400 area, it will open the door for a climb toward $2,500, with further upside targets at $2,680 and $2,850 levels, which align with previous reaction zones and technical extensions. Ethereum Clears Channel, But Can It Sustain Above Resistance? Ethereum has broken out of a descending channel on the 2-hour chart, a move that signals a shift in short-term bullish momentum. This breakout marks the end of the recent downtrend . Currently, Crypto Avi mentioned that ETH is trying to break through the major resistance zone at $2,446 on the chart. If ETH manages to break above the resistance zone, the next upside target will be $2,700, a level that aligns with short-term technical projections. Whales_Crypto_Trading reported that Ethereum has successfully breached the ascending channel formation on the 8-hour chart, showing an acceleration in bullish momentum, pushing ETH beyond a technical boundary that had contained price action. If the momentum continues to build, Whales_Crypto_Trading suggests that ETH could surge toward the next target at $3,050, a level that represents an important resistance zone.
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WOO X has expanded its derivatives market by launching Zcash perpetual futures, offering traders up to 10x leverage starting June 9, 2025. This strategic addition aims to enhance liquidity and
ZEC: Proposal by Batuhan (User): Donation Campaign: Zcash Turkish Team at Istanbul Blockchain Week! (2025)(Proposals) $ZEC #Zcash
Privacy is the soul of crypto, and without it, nothing else we’re doing really matters. If you care about financial sovereignty, you need privacy. If you care about coordinating with others to effect social change, or thinking freely, or building a more prosperous society, you need the free exchange of value. Freedom begins with privacy. As engineers and scientists working on Zcash, we have spent years developing private financial tools that will be embedded into the future of civilization. It is no exaggeration to say that our descendants will either live in a world that rests upon the foundations that we are building today, or else live in a world that we neglected. Zcash was the first cryptocurrency to ship real, strong privacy with zero-knowledge proofs. Solving the privacy problem with cryptography was only the first step: we needed to quickly iterate and improve our cryptography so that it was practical to run on phones, and invest heavily into research that would make it possible to scale. Today, our innovations sit at the heart of many decentralized protocols. But while the path forward for scaling the private on-chain payments is now straightforward, no project has addressed the fundamental challenge of scaling private wallets at the same time. Most users of cryptocurrencies will use wallet software that relies on a remote server to enable sending and receiving payments. This helps address scaling problems by pushing bandwidth and computational burdens away from users’ devices, but comes at the cost of requiring the user to relinquish their privacy to remote services. To make our privacy-preserving monetary project a reality we need a user experience that is just as convenient as one that has no privacy at all. The simplest solution is to use exotic cryptography to enable remote servers to assist our local wallet software without revealing any private information. We’ve known that this is theoretically possible, but until recently it seemed to be impractical at scale — at least a decade of new science away, or so we thought. Enter Project Tachyon . With existing cryptography and some clever protocol adjustments, it is completely practical for Zcash’s wallet software to synchronize with a highly active blockchain full of transactions by outsourcing the expensive parts to untrusted third party servers. The servers don’t learn anything about your wallet and cannot even tell which on-chain transactions correspond with their users. To be sure, the cryptography needed to make this possible and scalable is still not simple. Fortunately, Zcash has a long track record of building and shipping this exact kind of advanced cryptography. We’ve already set the stage for it in some of our recent upgrades, and with Project Tachyon we plan to make rapid progress deploying the remaining changes over the next year. I’m excited that we have such strong enthusiasm and alignment in the Zcash community to make it a reality. But I’m also relieved that we can meet the moment and actually build highly scalable, unstoppable digital money. We don’t have time to wait for any more research or scientific advances. Fortunately, with Tachyon, we can build and deliver today.
Constellation Energy stock skyrocketed by roughly 11% to 345.84 per share at the time of publication, following the signing of a 20-year nuclear power purchase agreement (PPA) with Meta. Beginning in June 2027, Meta agreed to purchase around 1,121 megawatts of emissions-free nuclear energy and the Clinton Clean Energy Center to support Meta’s clean energy goals. The companies said the agreement will support the continuing operation of Constellation’s high-performing Clinton nuclear facility for another two decades. The deal will also support the plant’s relicensing after its funded zero emission credit (ZEC) program, which it has relied on since 2017, expires. Meta and Constellation plan to revive and expand Clinton power plant We’ve signed an agreement with @Meta for the emissions-free output of Clinton Clean Energy Center. Deal supports Meta’s clean energy goals and operations in the region while enabling us to relicense and continue operating Clinton for another 20 years. 1/3 https://t.co/VQnTVnl1jp — Constellation (@ConstellationEG) June 3, 2025 The energy firm said the agreement would expand Clinto’s clean energy output by 30 megawatts through plant uprates and preserve 1,100 high-paying jobs. The deal will also deliver $13.5 million in annual tax revenue and add $1 million in charitable giving to local nonprofits over five years. The energy center will not power Meta directly but will continue to provide emissions-free power onto the local grid, providing power to the region for decades to come. Constellation CEO Joe Dominguez acknowledged that the firm also announced plans to restart the Crane Clean Energy Center last year. She noted that its closure cost the community jobs, tax revenue, more pollution, and higher prices. “We are proud to partner with Meta because they asked that important question, and even better, they figured out that supporting the relicensing and expansion of existing plants is just as impactful as finding new sources of energy. Sometimes the most important part of our journey forward is to stop taking steps backwards.” – Joe Dominguez , CEO and President of Constellation. Urvi Parekh, Head of Global Energy at Meta, said the firm was excited to partner with Constellation and the Clinton Community to ensure the long-term operations of the nuclear plant, add new capacity, and help preserve over 1,000 jobs. He also noted that securing clean and reliable energy is necessary to advance Meta’s AI ambitions. Parekh highlighted that the tech company will keep the Clinton plant operating for years to demonstrate that it’s important to strengthen American energy leadership. The energy firm also announced in September 2024 that it would restart Three Mile Island – the site of the worst nuclear meltdown in U.S. history – and less the power to Microsoft under a 20-year agreement. Constellation said it expects the Unit 1 reactor at Three Mile Island near Middletown, Pennsylvania, to come back online in 2028, subject to approval by the Nuclear Regulatory Commission. The company also plans to apply to extend the plant’s operations to at least 2054. Tech companies aim to expand nuclear power Meta had put out a request for proposals in December to find nuclear energy developers to partner with, revealing that they wanted to add between one and four gigawatts of new nuclear generation in the U.S. Amazon, Alphabet, Google, and Meta also signed a pledge in March to support efforts to at least triple nuclear energy globally by 2050. Amazon , Google, and Meta are pushing the energy demand in the U.S. as they build out artificial intelligence centers. After collaborating with small modular reactor developer Kairos Power last year, Google recently pledged to fund the establishment of three new nuclear sites. Amazon also invested over $500 million to develop SMRs in October and purchased a data center campus powered by the Susquehanna nuclear plant in March 2024. On May 23, U.S. President Donald Trump signed four executive orders to advance nuclear development, setting a target of quadrupling U.S. nuclear energy by 2050. Trump also ordered the overhaul of the Nuclear Regulatory Commission, with the new commission being required to decide on nuclear reactor licenses within 18 months. The White House has also called for speeding approval for small modular reactors. Constellation revealed Tuesday that it is considering seeking a new permit from the Nuclear Regulatory Commission to build a small modular reactor at the Clinton site. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Capital’s rotating into low and mid-caps with real utility, leaving memecoin hype in the dust.
Zcash (ZEC) has posted double-digit gains, primarily driven by renewed demand for privacy-focused coins, standing out in a downward cryptocurrency market . As of press time, ZEC was trading at $51.67, up over 10% in the past 24 hours. Over the past month, Zcash has surged more than 40%, pushing its market capitalization to around $860 million, edging closer to the $1 billion milestone. ZEC one-day price chart. Source: CoinMarketCap While most major cryptocurrencies remain under pressure, Zcash’s rally is partly fueled by increased usage of its privacy features. A key metric supporting this momentum is the total shielded ZEC supply , which rose by 6,484 ZEC on June 1, bringing the total to 3,119,887 ZEC, worth approximately $161.6 million. That’s a $1.26 million increase in shielded transactions in just one day. Zcash total Shielded pool. Source: ZeroBits Shielded holdings are a core feature enabling private transactions on the Zcash network. It reflects a rising preference for censorship resistance amid potential surveillance and regulatory overreach debates. The broader privacy coin market cap now stands at $8.8 billion, up 1.3% in the last 24 hours. This contrasts with a crypto market where most assets remain in the red. Rising demand for privacy tokens Interestingly, Zcash’s rise comes despite mounting challenges. In April, ZEC was again included in a Binance delisting vote, raising concerns about the exchange’s stance on privacy coins. ZEC has faced multiple delisting threats across platforms and has even been subject to questionable voting practices, including alleged fraud, prompting pushback from the broader crypto community. Meanwhile, Monero ( XMR ), the top privacy coin, has also seen increased buying pressure , even after being delisted from major exchanges like Coinbase. Amid these headwinds, Monero continues to be the top choice for untraceable transactions, thanks to its advanced privacy technologies. Featured image via Shutterstock The post Zcash records double-digit gains as privacy coins demand soars appeared first on Finbold .
Privacy Coins Roar Back: Zcash and Monero Head the $10B Market Cap Milestone In the midst of a market that is often crowded with the story of Bitcoin and Ethereum, there is another, albeit quieter but no less sensational, story in the works. Privacy coins, the subject of fascination and controversy, are making a robust return. The aggregate market capitalization of private coins crossed the $10 billion mark this week, fueled by the relentless rally of Monero (XMR) and reinvigorated Zcash (ZEC). The milestone means far more to many than a number; it is evidence that there is not only demand for private crypto, but is thriving. A New Spotlight on Privacy The arrival of privacy coins is apt in a world where digital privacy is more at risk than ever. While governments and regulatory agencies around the world are scanning crypto transactions, the demand for anonymity in transactions has increased. Privacy coins, with their ability to conceal sender, receiver, and amount, offer a level of secrecy that is beyond mainstream cryptocurrencies. Monero, without a doubt the leader in this category, has been the go-to for customers seeking true transactional privacy for years. Its use of ring signatures, stealth addresses, and confidential transactions makes a strong defense against blockchain analysis. Zcash, however, offers customers the option to make ”shielded” transactions using zero-knowledge proofs, something that will sell to customers who value flexibility between transparency and anonymity. Monero: The Relentless Climb Monero's ascendancy to the top of the privacy-coin stratosphere has not been at all problem-free. The past year alone has witnessed XMR weather regulatory storms, exchange delistings, and unabating controversy surrounding the role of privacy in crypto. Yet, Monero's price not only survived — it thrived. In the past few months, XMR broke out from a long episode of accumulation, and it drew in both privacy advocates and FOMO-fueled traders. Its market capitalization currently supports the privacy-coin ecosystem with more than half of the overall $10 billion milestone. The Monero ecosystem, fiercely devoted and decentralized, has been a driving force in its survival. Peer-to-peer trading networks have flourished, and the utility of the coin among casual users and privacy-focused businesses alike has grown ever stronger. Social media mania and an endless stream of technical innovations have kept Monero's tale alive despite regulators' headwinds. Zcash: The Comeback Kid And if Monero is the workhorse, then Zcash is the comeback kid. After a period of relative obscurity, Zcash has performed a remarkable turnaround, spurred by renewed enthusiasm for its niche privacy features and a flurry of upgrades that have improved usability and performance. Zcash's dual-mode capability — support for transparent and shielded transactions is attracting a new generation of users who want privacy on their own terms. Recent integration and collaborations with top wallets and DeFi protocols have also witnessed Zcash regain its footing. As the ZEC price increased, so did its share of the privacy-coin market cap, confirming that privacy is no niche demand, but a mass movement in the crypto world. Why Privacy Coins Matter Now Monero and Zcash's revival is not taking place in a vacuum. Throughout the globe, opposition to financial monitoring, digital identification, and central bank digital currencies is picking up momentum. To numerous, privacy coins represent resistance—means of preserving personal freedom in an increasingly surveilled world. This narrative has become more tantalizing only as large platforms turn up the heat on compliance and governments enhance blockchain tracking capabilities. For those who value secrecy, Monero and Zcash offer an ever-more elusive sanctuary, combining cutting-edge cryptography with active, passionate communities. Since the market cap of privacy-coins has crossed $10 billion, the sector is at a crossroads. Regulated uncertainty remains supreme, and the path forward won't be smooth sailing. But this very Monero and Zcash-fueled rally reminds us that demand for anonymity crypto isn't waning — it's evolving, changing, and growing stronger. With the controversy well and truly in progress over privacy and transparency in crypto, Monero and Zcash are demonstrating to us that there's still plenty of scope for coins that value privacy. For now, center stage belongs again to anonymous crypto, with everyone waiting with bated breath to see what happens next.