According to CoinGecko, the total market capitalization of the privacy coin industry has surged by over 80% in the past seven days, surpassing $24 billion. Among major tokens, ZEC rose 51%, DASH rose 72%, and RAIL surged an impressive 87%. The industry's 24-hour trading volume has approached $3 billion.

Electric Coin Co. (ECC), the creator of Zcash, has released its Q4 2025 roadmap, focusing on reducing technical debt, improving the privacy and ease of use of the Zashi wallet, and ensuring smooth management of the development fund. Key initiatives include adding temporary transparent addresses to all ZEC exchanges based on NEAR Intents, automatically generating new addresses upon receipt of exchanges, and enabling Pay-to-Script-Hash (P2SH) multi-signature support for the Keystone hardware wallet.

Multiple users have reported unauthorized charges to their EtherFi virtual cards despite no transactions or pre-authorizations being made. Cryptocurrency opinion leader @keyahayek believes the issue may stem from a vulnerability in EtherFi's upstream or downstream partners and advises users to suspend use of the card. EtherFi CEO Mike Silagadze stated that the company is working with its credit card partners on the investigation and has confirmed that all affected users will receive a refund.

Weekly Project Updates: Consensys plans to launch an IPO, EtherFi proposes a $50 million token buyback, Circle launches the Arc blockchain public testnet, Vitalik praises ZKsync's contributions to the Ethereum ecosystem, and more.

AllianceDAO co-founder Joe Kwong stated that most savvy traders and long-term investors he follows have turned bearish across different timeframes, reflecting a generally cautious attitude in the cryptocurrency market. He also noted that AI-related stocks continue to rise, while other assets, including cryptocurrencies, have been under pressure for several months.

Faruk Fatih Ozer, founder and former CEO of the now-defunct Turkish cryptocurrency exchange Thodex, was found dead in prison, according to Bloomberg. Authorities are investigating whether it was a suicide. Ozer was sentenced to 11,196 years in prison in 2023 for fraud and other crimes. Thodex was founded in 2017 and collapsed in 2021. Ozer fled to Albania afterward and was later extradited back to Turkey.

Hyperliquid Founder: We Don't Worship "996"—Our Team Has the Highest Standards in the Industry On October 22nd, Hyperliquid founder Jeff shared his views on work intensity and offered a different perspective on the "996" culture in an interview with TBPN. He believes the key is not the length of working hours, but the quality and depth of individual contributions. The Hyperliquid team currently has only 11 members, but its operational efficiency and technical level are outstanding. Jeff mentioned that his own working hours often exceed 996 hours, but he emphasized that the team does not pursue a performance-driven "hard-working culture." Instead, each member works with passion and a sense of responsibility for building the future of decentralized finance. Source:

ZKsync has released the Atlas upgrade, achieving transaction processing speeds exceeding 15,000 TPS, sub-second zero-trust finality, and near-zero fees, while also enabling real-time interoperability of L1-L2 liquidity. This upgrade allows ZKsync-based chains to directly access Ethereum liquidity without separate liquidity pools, transforming Ethereum into an institutional-grade settlement layer by restructuring the L1/L2 capital structure.

The Central Bank of Malaysia has launched a three-year real-world asset tokenization program, establishing a Digital Asset Innovation Centre and an industry working group to explore a range of applications, from supply chain finance to Islamic finance. The program aims to complete proof-of-concept and pilot projects by 2026 and expand the trials in 2027.

Tom Lee Discusses Potential Growth for Bitcoin and Ethereum In an interview with ARK Invest on October 16th, Bitmine Chairman Tom Lee discussed the value logic and market prospects of Bitcoin and Ethereum, expressing optimism about their future performance. He believes Ethereum should be viewed as a monetary foundation and standard; even in the hypothetical scenario where the L2 layer doesn't pay gas fees to the L1 layer, its monetary foundation characteristics will still give it value—similar to how dollar-denominated stocks strengthen the dollar's value. In fact, the L2 layer will support the L1 layer, and banks built on Ethereum will participate in ETH staking in the future. He also pointed out that MicroStrategy could become a US giant with its Bitcoin holdings; by analogy, he believes the current price of ETH, around $4,500, could rise to $60,000. A 15x increase, coupled with net worth expansion, would significantly boost the valuation of companies holding Ethereum inventory, with some potentially reaching market capitalizations of hundreds of billions of dollars. Video Source: