Over the past day, the crypto market has undergone simultaneous changes across several levels. Key discussion points in the market include whether consensus can be reached on Ethereum's scaling direction, personnel adjustments within ZCash, and signs of continuous inflows from traditional finance. There's also movement in the ecosystem — Solana's prediction markets and application distribution are accelerating, Ethereum is advancing institutional-grade DeFi and inclusive finance with real applications, but Perp DEX has exposed considerable short-term volatility and deeper structural issues due to pressure from large holders reducing positions.

**Personnel Earthquake in the ZCash Camp**

Josh Swihart, former CEO of ZCash's original developer Electric Coin Company, recently announced the founding of CashZ.org, with a clear direction for the new company — ZCash wallet development and commercialization. His ambition is to scale the ZCash user base to billions through a continuously profitable business model.

Josh's implication is: non-profit organizations inherently have constraints in product iteration and market expansion, and these limitations hinder development speed.

The new company will launch an entirely new ZCash wallet product and will open internal testing channels. From a board perspective, this adjustment is clearly about proactively addressing potential legal issues and creating conditions for core developers to operate privately and launch features quickly.

Haseeb Qureshi compared ZCash to — well, the original text was truncated here, but from the trend, this reorganization suggests ZCash may be entering a more pragmatic business stage.