Markets swung sharply as ETF inflows and comments about Federal Reserve policy briefly pushed Bitcoin to multimonth highs, only to be undone by a stronger-than-expected US jobs report; at the same time Zcash hit a near-decade high and hardware wallet maker Trezor disclosed a substantially larger customer data exposure.
ETF inflows and a Fed-speak rally send Bitcoin higher
U.S. spot Bitcoin ETFs recorded their largest daily inflow since January 14 on Thursday, totaling $730.9 million, a move that coincided with comments from Federal Reserve Governor Christopher Waller about a potential rate cut and helped push Bitcoin above $81,000. BlackRock’s IBIT product accounted for $454 million of the inflows, contributing materially to the uptick in price and sentiment.
Jobs data reverses gains in minutes
The optimism proved short-lived after the U.S. economy added 162,000 jobs in August, nearly triple the 53,000 expected. Markets quickly repriced the path of policy, with the odds of a September rate hike rising to 58% from 49.4%. Bitcoin fell more than 2% in minutes, sliding from an intraday four-month high of $82,240 to near $79,300, while the Dow Jones Industrial Average lost 226 points. Separately, President Trump posted a call for another rate cut on Truth Social during the same period of market volatility.
Zcash reaches $1,000 for first time in years
Zcash (ZEC) surpassed $1,000 intraday, reaching $1,023 and marking its highest level in nearly a decade. The token’s monthly gains extended to about 94%, lifting its market capitalization to nearly $17 billion. The rally followed the launch of Grayscale’s Zcash ETF on NYSE Arca on August 25, the first U.S. ETF with direct exposure to ZEC, which has recorded about $34.4 million in net inflows since inception. ZEC had been trading around $200 in March, and miners have increased computing power on the network amid the surge.
Trezor says wider customer data exposure after ShipMonk breach
Hardware wallet maker Trezor disclosed that a breach at shipping provider ShipMonk exposed another 67,000 U.S. customers, raising the total number of affected people to about 80,700 from an earlier figure of 13,689. The newly exposed records concern orders placed between November 2019 and August 2021, which exceeds a 90-day deletion policy Trezor said it had agreed to with partners. Trezor reiterated that its own systems, devices, private keys and backups were not compromised, but warned customers about the risk of fake hologram letters similar to those that targeted hardware wallet owners in February.
Putting the moves in context
Thursday’s large ETF inflows illustrate continuing investor appetite for regulated, spot cryptocurrency products, and highlight how macro commentary from policymakers can translate quickly into market moves. The swift reversal after Friday’s employment surprise underscores the sensitivity of crypto prices to short-term macroeconomic data and Fed-rate expectations. At the same time, substantial rallies in lesser-known tokens and the persistence of operational risks in the custody and shipping chain show both opportunity and vulnerability remain across the crypto ecosystem.
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