RWA ๐ Global & Macro: No major macroeconomic headlines in the past hour; market focus remains on crypto volatility.
๐ฆ RWA & Institutional: Grayscale reports Zcash mining profitability significantly outpaces Bitcoin, with hashrate up over 2.5x this year, signaling rising institutional interest in alternative mining assets.
โก Crypto & Markets: $255M in short positions liquidated across crypto in 60 minutes, indicating a sharp upward price movement. Bonk Guy predicts PONS and USELESS could be the first meme coins to hit $1B market cap, highlighting continued speculative fervor.
๐ก Key Takeaway: A short squeeze drove $255M in liquidations, while meme coin hype persists and miners pivot to Zcash for better profitability.