GMGN Launches Perpetuals Trading in Public Beta
The move takes a major meme-coin trading venue into derivatives, with third-party liquidity, tiered fees and a planned trading-credit push.
Zcash is a privacy-oriented cryptocurrency that operates on its own blockchain as a standalone Layer 1 network. It is widely recognized as the first protocol to implement zero-knowledge proofs for private peer-to-peer payments, allowing transactions to be validated without disclosing wallet balances, transferred amounts, or the identities of the participants. This approach addresses the transparency limitations found in most cryptocurrencies, where transaction details are recorded on a public ledger. The network supports both transparent public transactions and shielded private transactions through Unified Addresses, giving users flexibility over the level of confidentiality they require. Zcash currently relies on a Proof-of-Work consensus mechanism, with plans to transition toward Proof-of-Stake through a future upgrade. Its shielded pool leverages Halo, an advanced zero-knowledge proving system, to enable trustless verification of encrypted transfers. The protocol features a fixed supply cap of 21 million ZEC and a halving schedule modeled on Bitcoin's issuance design. Originating from a 2013 proposal by cryptographers known as Zerocoin, the project evolved into an independent blockchain maintained by a self-funded development ecosystem supported by community grants and coinholder-directed funding.
The move takes a major meme-coin trading venue into derivatives, with third-party liquidity, tiered fees and a planned trading-credit push.
Risk appetite is broadening across crypto and traditional markets as tokenized-stock trading gains regulatory momentum and NEAR captures rising ZEC transaction flow.
ZCSH's asset growth reflects both $270.95M of net inflows and the doubling value of its ZEC holdings, while record leverage raises reversal risk.
The whale pulled 202,078 ZEC off Binance at $437 nine months ago, and ZEC's run since has turned the spot stack into a nine-figure paper gain while the short stays open.
The split follows a rapid launch for ZCSH, while ZEC's rally is pulling more computing power into the network and squeezing miner economics.
The vote strengthens the case for a deflationary issuance path, but NU7’s activation height and key implementation details remain unsettled.
NU7 would cut block times to 25 seconds while redirecting about 60% of fees into future mining rewards, preserving Zcash’s issuance schedule and reshaping its payment economics.
Broad gains across major tokens and a 2% rise in total market value point to a wider risk-on move, though $82,000 remains the next key Bitcoin test.
Risk assets rallied as cheaper oil eased inflation pressure, while Zcash captured flows that left Ether and XRP funds.
The listed withdrawals total 32,293 ZEC, pointing to concentrated accumulation and less immediately available exchange inventory, though wallet movements alone do not confirm long-term holding.
The call matters less than the framework: Grayscale's three-part checklist (structural trend, cycle stage, macro) now reads go on all three, which is the signal institutions will actually act on.
The hire hands DCG a credible public-market face for a Zcash miner that already prints 28% of network supply, with a clean Nasdaq exit at a $400M implied valuation.
The CLARITY Act's defeat is a sector-wide bearish signal on regulatory clarity, but for ZEC the failure is bullish: surveillance ambiguity is exactly the regime privacy-coin buyers are positioned for.
Futures price 75bp more hikes and Brent trades above $100 with diesel at a record; the post-hike relief rally mirrors March 2022, just before BTC slid 50%.
Traders priced the dot plot's lone implied 2026-2027 hike as a ceiling, not a floor: Bitcoin nudged up, Zcash printed a record on Paradigm's disclosure, and 2-year yields slipped 2bp.
86,816 traders were force-closed for $345M after the Fed's first hike of the cycle, with shorts taking $208M of the pain and Zcash's 17% spike the lone outlier.
The 23% Zcash rally sits on top of a Fed dot plot that now projects just one more 25bp hike, freeing risk capital to rotate into altcoins and privacy tokens.
Garrett Jin doubled down 11 hours ago instead of cutting, leaving a 37,760 ZEC position sitting just above a $2,631 liquidation trigger.
The first hike in over three years came with a hawkish dot plot: 16 of 18 policymakers see another quarter-point move this year, setting up a longer tightening path than markets had priced.
The CLARITY Act's Senate failure knocked XRP down 7% and dragged the majors to their lows, leaving ZEC as the only large-cap in the green with a quarter-point Fed hike already priced in.
Zcash is a privacy-focused cryptocurrency that uses trustless zero-knowledge proofs to enable fully encrypted transactions while maintaining blockchain transparency and security.
Zcash (ZEC) launched on 2016-10-28.
Zcash (ZEC) is categorised as: Privacy Coins, Layer 1 (L1), Near Protocol Ecosystem.
The official Zcash site is https://z.cash/.
Most recent Zcash coverage: "GMGN Launches Perpetuals Trading in Public Beta" — read at /en-US/a/gmgn-launches-perpetuals-trading-in-public-beta.