The SEC used to treat privacy coins like contraband. Now one has a spot ETF on the NYSE.

That shift tells you something about where regulators are heading.

Meanwhile, social platforms are quietly becoming brokerages. And prediction markets are fighting over who gets to play.

Here's what matters today.

Privacy coins just went mainstream: Grayscale's Zcash ETF hits NYSE

Grayscale's ZCSH is the first US exchange-traded product offering spot exposure to Zcash.

The fund landed on NYSE Arca, giving traditional investors a regulated on-ramp to a token built for transaction privacy.

If the SEC is comfortable listing a privacy coin, the definition of "investable crypto" just got a lot wider.

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Markets

Bitcoin touches $81K as ETF inflows hit six straight sessions

US spot Bitcoin ETFs pulled in $338M on August 24 alone.

That extends the streak to six days, pushing cumulative inflows past $2.5B.

X is also preparing crypto trade buttons that would let users buy directly from their timeline.

BTC hovered near $79K, ETH sat around $2,477, SOL climbed past $98, and XRP slipped below $1.5.

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Kalshi asks SEC to slow Cboe's push into prediction markets

Kalshi spent years battling regulators to list event contracts. Now it wants the SEC to block a rival.

The company filed a formal letter opposing quick approval of Cboe's competing prediction market exchange.

The outcome could determine whether prediction markets are treated as securities or something entirely new.

Read the full breakdown →

On Our Radar

Bankers gone crypto: Why traders are betting their digital assets on baccarat tables.*

Blockchain gets the data treatment: Google Cloud adds SQD's analytics to BigQuery.

Index funds go crypto: Bitwise launches automated token portfolios for traditional investors.

_*sponsored

ICYMI

Meme of the Day

That’s your briefing. Catch you next time.

Vi