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$ZEC ZEC at $484, privacy narrative can't save it. Down 1.3%, stuck below $500. Good news? SEC probe closed, Grayscale filed for ZEC spot ETF — compliance breakthrough should be bullish. But the market isn't biting. Bigger issue: EU's AMLR kicks in 2027, threatening delistings across exchanges. Zcash's "optional privacy" might dodge the bullet, but at the cost of shrinking liquidity. 329M+ private txns on-chain, tech improving — yet capital fears regulation more. $BTC $ETH