Ethereum co-founder Vitalik Buterin has donated to Shielded Labs to support Crosslink, a proposed consensus upgrade for Zcash focused on privacy and interoperability. The move signals notable industry backing for ZEC privacy research.
The U.S. Securities and Exchange Commission has closed its investigation into the Zcash Foundation without filing charges, a sign of eased enforcement after recent high-profile cases. The move is being watched for implications to ZEC and broader regulatory clarity in crypto.
Monero (XMR) climbed above $500 Sunday, marking its highest levels since 2021 while rival Zcash (ZEC) lagged. Traders say XMR faces stiff resistance in the $500–$520 zone that could invite a sharp pullback unless decisively cleared.
Electric Coin Company CEO Josh Swihart said the development team resigned and will launch a new company after disputes with the nonprofit board overseeing Zcash. The split creates governance and operational uncertainty for the ZEC ecosystem.
Zcash has surged about 125% over the past month, driving miner revenue higher and pushing the network's hashrate to record levels. The privacy coin added another 18% today, leaving bitcoin mining as the second-most profitable PoW activity behind ZEC.
Zcash (ZEC) rose about 6% to trade above $500 after Tyler Winklevoss announced Cypherpunk Technologies, a new Digital Asset Treasury, and disclosed roughly $100 million in ZEC holdings. Markets reacted to the prospect of sizable, concentrated corporate demand for the privacy coin.
Zcash is trading under pressure as most cryptocurrencies remain in the red today, according to CoinMarketCap; negative momentum leaves near-term bias tilted toward sellers.
Zcash has been climbing through a month-long uptrend and is trading near $492, gaining about 9% in the last 24 hours while most majors sit in a tight range. The move stands out as the broader crypto market consolidates.
Zcash jumped about 21% on Nov. 13 to trade back above $500 after falling more than 40% from a seven‑year high of $735 over the weekend. Market data points to a fresh catalyst behind the rebound, though details remain mixed.