Daily Summary2026-09-08

Zcash traded above $1,200 with its market capitalisation topping $20 billion — its highest since 2016, per Cointelegraph — as coverage described the privacy sector as the only crypto segment trading above its 2025 high, with Glassnode putting the median altcoin 58% below its level at Bitcoin's peak. Coverage separately cited roughly $113 million of Zcash now existing as bridged copies on Solana, with ZEC spot volume there at $64 million; attribution of the rally spanned ETF demand, a short squeeze and sector rotation.

Bhutan transferred roughly 400 BTC (~$30.6 million) to an unlabelled address, leaving its labelled on-chain holdings at about 518 BTC per Lookonchain as relayed by coverage — down from a tracked peak of ~13,000 BTC in October 2024. Arkham's tracking through the year shows periodic outflows averaging ~$50 million a month to exchanges and OTC desks, with the government historically framing transfers as liquidity management; Arkham has also noted no meaningful mining inflow for over a year. An unlabelled destination cannot by itself confirm a sale.

DBS and Citi completed what both banks described as the first weekend US dollar payment between Singapore and the United States, using tokenised deposits on Swift's Digital Ledger, per The Block and CoinDesk. No transaction size or settlement detail was disclosed. The payment is the first publicised live transaction on the ledger Swift is building with more than thirty financial institutions, and extends bank-money settlement outside traditional banking hours.