Zcash (ZEC) surged close to $580 on Tuesday after the US Securities and Exchange Commission (SEC) officially closed its investigation into the Zcash Foundation without taking enforcement action. The announcement boosted investor confidence and helped ZEC gain nearly 10% within 24 hours as traders returned to the privacy-focused cryptocurrency. According to the Zcash Foundations Q1 2026 report, the SEC informed the organization that it would not recommend penalties, fines, or further regulatory action. The investigation began in August 2023 under the case titled In the Matter of Certain Crypto… Read more
Bitcoin’s on-chain profitability has recovered sharply from its March lows, but analyst Axel Adler Jr. says the market still lacks a stronger behavioral confirmation that
More cryptocurrency investors were harmed after a guilty plea, with prosecutors saying additional funds were solicited while the fraud case remained pending sentencing. The scheme
Ethereum price started a recovery wave above the $2,100 zone. ETH is now consolidating and might struggle to continue higher above the $2,150 resistance. Ethereum
Asset manager Yorkville America has requested to withdraw multiple crypto exchange-traded funds applications filed on behalf of the Donald Trump-backed Truth Social after changing its product strategy.Yorkville America said Tuesday that it is moving away from offerings registered under the Securities Act of 1933, such as the proposed Truth Social Bitcoin ETF, to structures under the Investment Company Act of 1940, saying the shift would enable it to offer more innovative products while benefiting from stronger investor protections and tax efficiencies. Yorkville America’s Truth Social Bitcoin & Ethereum ETF and Truth Social Crypto Blue Chip ETF were also withdrawn. The asset management firm said it “initiated this process after determining the ’40 Act framework provides a structure for delivering the differentiated, rules-based investment strategies the firm continues to develop for its growing investor base.”Yorkville America’s request to withdraw its Truth Social Bitcoin ETF. Source: SECThe firm, known for “America First”-themed investment products, gave no indication it would pursue a crypto ETF under the ‘40 Act framework. Yorkville is the financier and asset manager for Trump Media & Technology Group (TMTG), which is behind Truth Social.The withdrawals come amid ongoing concerns that Trump’s ties to the crypto industry, and the financial interests stemming from them, are conflicting with his duties as the US president.Democratic senators have been pressing for answers ever since Trump was inaugurated in January 2025, particularly regarding his role with the World Liberty Financial crypto platform.Crypto ETFs have struggled this yearIt also comes as demand for crypto ETFs has cooled in 2026 amid a broader crypto market pullback. Net inflows into US spot Bitcoin (BTC) ETFs in 2026 currently sit at $790 million as of Tuesday, mostly concentrated in the BlackRock-issued iShares Bitcoin Trust ETF (IBIT) and are only a fraction of the $25 billion that inflowed in 2025. Spot Ether (ETH) ETFs have also struggled to maintain investor interest, recording $640 million in net outflows, while new altcoin ETFs have not captured the same demand at launch as their predecessors. Related: Trump-linked American Bitcoin energizes 11,298 new ASICs However, Bloomberg ETF analyst James Seyffart suspected Yorkville America’s decision to pull out of the crypto ETF market may have been due to the competitive landscape for Bitcoin ETFs, particularly with the new Morgan Stanley Bitcoin Trust ETF carrying a market-low fee of 0.14%.The crypto ETFs were intended to be part of TMTG’s broader crypto strategy, which included the launch of the Truth.fi financial platform last year.Yorkville America’s product offerings range from American-themed funds spanning defense, security and energy, as well as tech and real estate.Products issued under the ’40 Act are typically mutual funds and ETFs designed for diversified, regulated investment strategies, while ’33 Act structures are commonly associated with spot commodity and crypto-style ETF products. Magazine: ETH stalls at $2.4K five times, SOL to rally to $120: Market Moves
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