Zcash cofounder Eli Ben-Sasson identifies privacy and post-quantum security as potential baseline features for crypto projects over the next five years. Zcash is already seeing renewed demand for shielded transactions, while StarkWare has demonstrated a quantum-safe Bitcoin transaction on mainnet. Meanwhile, Zcash's upcoming NU7 upgrade targets faster 25-second blocks and additional network changes.
Citrea acquired Crest, a self-custodial private Bitcoin wallet that began inside its ecosystem, making the product its flagship privacy offering and bringing founder Meliksah Gurtemel onboard. Crest plans auto-shielding, private BTC transfers, cross-chain onboarding and private swaps, aiming to make Bitcoin privacy easier for mainstream users.
ZEC closed at $1,628.53 on Sept. 22, while new investment products launched in the U.S. and Europe.
Zcash's surge highlights growing demand for privacy in crypto, potentially reshaping regulatory landscapes and institutional investment strategies. Zcash reaches record high of $1,600 as privacy narrative gains traction.
Zcash developers have locked in a working timetable for Network Upgrade 7, aiming to cut confirmation waits so shielded transfers can move more quickly without changing the coin's privacy model.
Zcash traded at $1,582 on Binance at 10:24 a.m. ET Wednesday, after falling from $1,625 one hour earlier.
Zcash surged above $1,600 after 21Shares launched Europe's first ZEC ETP on Euronext Paris and Amsterdam, expanding regulated access for investors. ZEC gained about 43% in seven days and more than 91% over 30 days, sharply outperforming the broader crypto market as trading volume accelerated. Roughly $21.
Cypherpunk holds 323,394.38 ZEC, while Grayscale's ZCSH ETF began trading on NYSE Arca Aug. 24 with Coinbase serving as prime broker and custodian.
Zcash users holding ZEC in the Sprout pool should move funds before NU7 because version 4 transactions would become invalid after activation. ZIP 2003 would not burn or unissue Sprout balances, but access could disappear indefinitely unless the network later restores version 4 support or creates another recovery method.
Zcash traded at $1,619 on Binance spot at 8:09 a.m. ET (12:09 UTC) on Sept.
The proposed NU7 change would disable version 4 transactions, leaving ZEC in Zcash's legacy Sprout shielded pool unspendable.
Zcash has emerged as a standout performer among leading cryptocurrencies throughout September, successfully holding territory above the $1,600 mark. On September 22, ZEC was changing hands near $1,492 following an intraday peak approaching $1,569.