Zcash is up 54% in a month as the privacy trade gets serious
Zcash is trading near $614, up about 12% on the day and 54% over the month, lifting it to the 11th-largest crypto by market cap at around $10 billion. The rally has pushed $ZEC past Monero as the largest privacy coin.
This is not a pure momentum move. The SEC closed its investigation into Zcash in January, and Grayscale has filed to convert its Zcash Trust into the first US spot privacy-coin ETF. On-chain, roughly 30% of supply now sits in shielded pools, up from 8% in 2024.
The throughline is a repricing of financial privacy from a regulatory liability into something that institutions are willing to hold.
🔥 TODAY: Polymarket completes its first-ever onchain institutional block trade, marking a major step toward Wall Street adoption of prediction markets.
🚨BREAKING: Moneygram launches its own stablecoin on Stellar
MoneyGram has launched MGUSD, a U.S. dollar-backed stablecoin on the Stellar $XLM , allowing users to hold and transfer digital dollars through the MoneyGram app.
It will begin in the U.S. before expanding across MoneyGram’s network of 60M+ customers and nearly 500,000 locations worldwide.