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Argo Blockchain is restructuring its operations, expanding into AI and high-performance computing (HPC) while increasing its Bitcoin and Zcash mining capacity. This diversification occurs as specific crypto assets like Ethereum show signs of bearish pressure, reflecting a broader strategic shift within the digital asset industry to capture value from the AI infrastructure boom.
A single large trader, or "whale," has established a significant bearish position against Zcash (ZEC), depositing $2.46 million in USDC on the decentralized derivatives platform HyperLiquid to fund the trade.
Investors are rotating into privacy-focused cryptocurrencies like Zcash, seeking assets with lower correlation to traditional markets ahead of anticipated macroeconomic shifts. The move highlights a growing demand for financial autonomy and countercyclical value within the digital asset space.
Monero (XMR) posted a significant 9.82% gain, reaching $403.65, in a broad pre-Federal Reserve crypto market rally that liquidated $297 million in short positions. In contrast, Kaspa (KAS) diverged from the market trend, declining by 5.90%.
