Zcash Surges 20% as Paradigm Discloses ZEC Investment — SkimNews
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- Zcash rose about 20% in 24 hours to trade around $1,338 after Matt Huang disclosed Paradigm is an investor in ZODL and a ZEC token holder
- ZEC has gained roughly 160% over the past month, compared with Bitcoin's 18.2% rise over the same period, according to Coingecko data
- Huang described Zcash as a "private complement to Bitcoin" and backed its inflation-funded developer fund, arguing that AI-driven cyber capabilities and quantum computing make long-term shielded-transaction funding critical
- Paradigm's broader Zcash involvement was already public: in March, ZODL announced a $25 million-plus seed round that also included a16z crypto, Coinbase Ventures, and Winklevoss Capital
- The privacy-coin sector was 213% above its level at Bitcoin's October 2025 peak, while a basket excluding ZEC was up about 85% over the past year, per Glassnode data
- ZEC's surge came as the broader crypto market advanced after the Federal Reserve raised rates 25 basis points to 3.75%–4%, its first increase since 2023
Why it matters: Huang's public endorsement brings institutional legitimacy to a privacy-coin sector already running 213% above Bitcoin's October 2025 peak. With ZEC up roughly 160% in a month versus Bitcoin's 18.2%, Paradigm's disclosure validates shielded-transaction crypto just as Huang cited AI and quantum threats as reasons the technology's long-term funding deserves institutional backing.
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