ZEC Shatters $500 Barrier as Open Interest Explodes to Record High

ZEC rockets past psychological $500 milestone while derivatives markets go wild

UNPRECEDENTED DEMAND

Open interest surges to all-time highs as institutional and retail traders pile into privacy coin exposure. The derivatives frenzy signals massive conviction behind ZEC's breakout momentum.

MARKET DYNAMICS

Traders betting big on continued upward trajectory despite regulatory headwinds. Privacy features attracting capital fleeing more transparent alternatives. Because nothing says 'legitimate investment' like needing to hide your transactions from authorities.

BREAKOUT CONFIRMATION

Sustained volume and institutional participation suggest this isn't just another crypto pump. The $500 level transforms from resistance to support as bulls take full control. Watch for follow-through above $550 next.

Remote island selected for strategic data hub

In a separate move, Google plans to build a large AI data center on Christmas Island, a tiny Australian territory in the Indian Ocean. The company signed a cloud deal with Australia’s Department of Defense earlier this year, Reuters reports based on reviewed documents and official interviews.

Nobody’s talked publicly about the Christmas Island data center until now. Many details remain secret, how big it’ll be, what it’ll cost, exactly how it’ll be used. The island sits 350 kilometers south of Indonesia. Military experts say a facility there WOULD be valuable for monitoring Chinese submarine and naval activity in the Indian Ocean.

Google is deep into talks to lease land NEAR the island’s airport for the data hub, Christmas Island Shire officials told Reuters. Council meeting records show the company is also working on a deal with a local mining company to secure energy needs.

A recent war game involving Australian, U.S., and Japanese forces showed Christmas Island’s role as a forward defense line for Australia in regional conflicts. The exercises highlighted advantages for launching unmanned weapon systems from there.

Bryan Clark ran those war games. He used to be a U.S. Navy strategist and now works at the Hudson Institute. Clark says having a forward command and control node on Christmas Island would be critical in a crisis with China or another adversary.

AI powers future combat systems

“The data centre is partly to allow you to do the kinds of AI-enabled command and control that you need to do in the future, especially if you rely on uncrewed systems for surveillance missions and targeting missions and even engagements,” Clark told Reuters.

Subsea cables give you more bandwidth than satellites, he explains, and they’re more reliable. China would likely jam satellite communications or Starlink in a crisis.

“If you’ve got a data centre on Christmas, you can do a lot of that through cloud infrastructure,” he added.

Australia’s defense department entered a three-year cloud agreement with Google in July. Britain’s military recently announced a similar Google cloud deal, which officials say will boost intelligence sharing with the United States.

Last month Google applied for Australian environmental approvals to build the first subsea cable connecting Christmas Island to Darwin, a northern Australian city where U.S. Marine Corps are based for six months each year.

SubCom, a U.S. company, will install the cable LINK to Darwin, documents show. Reuters has reported SubCom is the exclusive undersea cable contractor to the U.S. military. The company previously connected the U.S./UK military base of Diego Garcia in the Indian Ocean to a cable stretching from Australia to Oman.

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