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Zcash to Experience Halving in November 2025
According to a report by Jinse Finance, David Duong, Head of Institutional Research at an exchange, has announced that Zcash will undergo a halving event in November 2025. This halving is expected to significantly reduce the emission of Zcash, which could lead to a decrease in the implied inflation rate from double-digit figures in the early 2020s to single-digit figures by the end of the decade.
"The halving event is a critical milestone for Zcash, potentially reshaping its market dynamics," stated Duong.
In summary, the upcoming halving of Zcash is anticipated to have a substantial impact on its inflation rate and market supply.
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Growler Mining Plans to Acquire 87.5% Stake in Argo Blockchain
Growler Mining, the largest lender to Argo Blockchain, is set to acquire 87.5% of the company through a debt-to-equity plan, as reported by ChainCatcher and Cointelegraph. Under this restructuring plan, existing shareholders will retain only a small portion of the company, while Growler will convert a secured loan of $7.5 million into equity and provide additional funding.
As part of the restructuring, holders of unsecured bonds worth $40 million will receive 10% of the shares, while existing shareholders will only keep 2.5%. This transaction is part of the court-supervised restructuring plan "Project Triumph," aimed at avoiding bankruptcy and maintaining the Nasdaq listing status.
Argo has warned that without a balance sheet restructuring, it could face insolvency due to cash flow and balance sheet issues. Additionally, the company will be delisted from the London Stock Exchange, ending its six-year listing in the UK.
In summary, Growler Mining's acquisition of a majority stake in Argo Blockchain is a significant move aimed at stabilizing the company amidst financial challenges.
Zcash Price Analysis: Risky Patterns Emerging
CryptoMonday reports that the Zcash price has continued its strong rally this week, approaching its yearly high of $297. This increase is attributed to rising demand from institutional investors, despite the high expense ratio of 2.50% in the recently launched Grayscale ZEC Fund, which has attracted over $85 million in assets.
The number of shielded addresses on Zcash has surged to over 4.6 million, indicating a growing preference for privacy in transactions. The mining difficulty has also reached its highest level since November of last year, contributing to the overall bullish sentiment.
However, technical analysis suggests that Zcash is forming a double-top pattern at $297, which could lead to a bearish breakdown. The price may test the neckline at $185, and a drop below this level could indicate further declines, potentially down to the 100-day exponential moving average at $35.
In summary, while Zcash is experiencing a rally, technical indicators suggest potential risks that could lead to a price correction in the near future.
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