U.S. scraps crypto wallet reporting rule as Zcash jumps 3.3% on $100M mining commitment

The headline story today was regulatory, not price action. The U.S. government withdrew a proposed rule that would have required anyone sending more than $10,000 in crypto to a private wallet (one you control yourself, not held by an exchange) to file a report with authorities. Separately, FinCEN also dropped a proposed rule targeting crypto mixing services, citing concerns about a chilling effect on legitimate activity. Together, these withdrawals represent a meaningful shift in tone from U.S. regulators — less surveillance pressure on ordinary users and privacy-preserving tools. Zcash was the clearest beneficiary in the top 15, rising 3.30% to $1,369.82. The direct catalyst was Fortitude's commitment of up to $100 million in mining equipment to expand ZEC operations — a concrete, fundamental demand signal. Monero, another privacy-focused asset, gained 1.96%, likely catching a tailwind from the same regulatory news, as both assets had faced the prospect of heightened scrutiny under the now-withdrawn rules. OKB's 5.69% gain — the day's biggest move across all tracked assets — traced directly to OKX's launch of 'OKX Money,' an integrated product letting users save at 10% yield and spend dollar stablecoins from a single app. Exchange ecosystem tokens tend to respond to product announcements like this because expanded platform utility can drive user growth and token demand. Bitcoin and Ethereum barely registered a move — up 0.14% and down 0.07% respectively. The Fear & Greed index sits at 73, in Greed territory, suggesting the market is broadly comfortable but not euphoric. The day's story was in the regulatory and product news, not the price tape.

• –Ethereum's Glamsterdam testnet received a last-minute bug fix ahead of a major network upgrade expected to significantly increase chain capacity, keeping the upgrade timeline on track.
• –The Treasury's withdrawal of the crypto mixing rule — dropped alongside the self-hosted wallet reporting proposal — marks a broader regulatory pullback that removes two proposed compliance burdens from the industry simultaneously.
• –OKX Money offers 10% yield on dollar stablecoins held within the app, expanding OKX's footprint into consumer finance alongside its existing exchange business.