The Gemini card&#8217;s ZEC rewards could drive sustained demand for privacy coins, 
influencing market dynamics and investor strategies.
The post Zcash surges 110% as Gemini launches ZEC credit card rewards appeared 
first on Crypto Briefing.

Zcash surges 110% as Gemini launches ZEC credit card rewards

The cross-chain communication protocol Layerzero Labs disclosed on Friday that 
its internal infrastructure was compromised by North Korean hackers and a 
simultaneous DDoS attack during the KelpDAO breach. Layerzero Labs Apologizes 
for Lazarus Group Security Breach Response Layerzero Labs issued a candid 
apology for a three-week communication silence following a security breach 
involving the Lazarus […]

Layerzero Discloses RPC Poisoning Incident Linked to $292M KelpDAO Hack

Bitcoin&#8217;s exchange-traded funds closed last week on a rough note — outflows 
hit $277 million on Thursday, followed by another $145 million on Friday. Yet 
when the dust settled, the week still ended in positive territory, extending a 
run that has now lasted six straight weeks. Related Reading: XRP Flashes 
Historic Rally Signal, Fueling $12 Price Speculation Inflows Total $3.4 
Billion Since Early April US spot Bitcoin ETFs have recorded net inflows every 
week since April 2, pulling in a combined $3.4 billion over that stretch, 
according to data from SoSoValue. That makes it the longest consecutive inflow 
streak in more than nine months — the last time funds saw a run this long was 
a seven-week period between June 13 and July 18, 2025, which drew in roughly 
$7.57 billion. The current streak&#8217;s best week came in mid-April. For the week 
of April 17, inflows reached $996 million. The most recent week logged $622 
million, while the streak&#8217;s weakest showing was its very first — just $22 
million for the week of April 2. Last week&#8217;s numbers told a story of two 
halves. Monday and Tuesday alone brought in $532 million and $467 million 
respectively. Then Wednesday slowed sharply to $46 million, before Thursday 
and Friday swung into outflow territory, nearly erasing what had been a strong 
start. Macro Pressure Kept Traders On Edge Reports from Bitunix analysts point 
to broader market caution ahead of the US April Non-Farm Payrolls report. 
Consensus estimates called for payroll growth of just 62,000 — a steep drop 
from the prior reading of 178,000 — which reinforced expectations that the 
labor market was cooling. An ADP report earlier in the week showing 109,000 
jobs added complicated that picture, leaving investors uncertain heading into 
the data release. Geopolitical tensions also weighed on sentiment. Reports 
indicate that the US and Iran exchanged fire near the Strait of Hormuz, though 
both sides were said to be leaving room for negotiations. A partial 
understanding on maritime issues between the two countries was reportedly 
reached. Bitcoin slipped below $80,000 on Thursday. Analysts flagged heavy 
liquidity clustering around the $78,000 level, warning that a break below it 
could set off cascading liquidations. Dense short positioning between $82,000 
and $83,000 kept the market caught between two forces. Related Reading: 
Altcoins Aren’t Going Anywhere — Even After Brutal Crashes: Arthur Hayes Ether 
ETFs Bounce Back After Prior Week&#8217;s Losses Ether ETFs also returned to 
positive ground. For the week ending May 8, they posted a little over $70 
million in net inflows after recording $82 million in outflows the week 
before. The recovery followed a strong three-week run from April 10 to April 
24, which brought in a combined $618 million, with the week of April 17 alone 
accounting for $276 million. Featured image from Unsplash, chart from 
TradingView

Spot Bitcoin ETFs See Strongest Buying Streak In 9 Months

The US banking lobby is mounting a last-minute push to stall the CLARITY Act 
just days before its scheduled Senate Banking Committee markup on May 14. The 
American Bankers Association, the Bank Policy Institute, the Consumer Bankers 
Association, the Financial…

US banks reject CLARITY Act stablecoin deal days before Senate vote

TeraWulf’s HPC lease revenue jumped 117% quarter-on-quarter to $21 million, 
but a $427 million net loss highlights the costs of transitioning from Bitcoin 
mining to AI infrastructure.

TeraWulf doubles AI revenue but posts $427M quarterly loss as mining income declines

Amazon&#8217;s increased CAPEX highlights its strategic bet on AI infrastructure, 
posing significant risks if AWS growth or AI demand falters.
The post Amazon boosts CAPEX to $44.2B, up from $25B last year appeared first 
on Crypto Briefing.

Zcash surges 110% as Gemini launches ZEC credit card rewards

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