The crypto asset manager is converting its Zcash Trust into a spot ETF, betting on rising demand for privacy coins as ZEC outpaces BTC and ETH.

Wall Street research firm Bernstein said the move — which Robinhood made in conjunction with market-making giant SIG — raises the stakes for competitors like Polymarket and Kalshi.

**[Binance Announces the Launch of Irys (IRYS)]** Binance has announced the addition of Irys (IRYS) to multiple services, including futures contracts, officially launching on 2025-11-27 at 00:00 (UTC+8). **Notes:** - Contract specifications may be adjusted based on market risk conditions, including funding rates, minimum tick sizes, leverage, and margin requirements. - The IRYSUSDT contract supports multi-asset mode, allowing various assets (such as BTC) to be used as margin. - The listing of futures and spot tokens is independent; the listing of futures does not guarantee the listing of spot tokens.

[Binance to Launch IRYS USDT Perpetual Contract] Binance announces the launch of the IRYS USDT perpetual contract.

[U.S. Initial Jobless Claims Decline, Fed Faces Division Over December Rate Cut Decision] The number of initial jobless claims in the U.S. unexpectedly fell last week, hitting the lowest level since mid-April and remaining relatively low. However, data shows that it has become more difficult for the unemployed to find new jobs. Federal Reserve officials have lowered interest rates during the last two policy meetings to support the slowing labor market, but there is division over whether to cut rates again at the final meeting in December, as they need to strike a balance between a weak labor market and high inflation.