ZEC reaches tenth largest market cap, Hyperliquid burns HYPE tokens, Zcash gains renewed interest and other Web3 news

Hyperliquid burned 9.73K HYPE tokens worth $829.5K in 24 hours, increasing the total burned to 48.42M tokens, which is 4.84% of the maximum supply. (📰blockchain.news)
ZEC has reached the tenth largest crypto market cap while a significant short position on Hyperliquid incurred $23.57 million in losses, with ZEC trading at $1175.61 and showing overbought conditions. (📰blockchain.news)
Zcash is experiencing renewed interest as it trades at $1221, with strong bullish sentiment on its privacy features, although it shows overbought conditions on the 4h chart. (📰blockchain.news)