2026-01-09 05:30:20

Over the past day, the cryptocurrency market has experienced synchronized changes across multiple levels. Market discussions have focused on whether a consensus can be reached on Ethereum's scalability solutions, personnel adjustments within ZCash, and signs of continuous influx from traditional finance. On the ecosystem side, there are also developments—Solana's prediction markets and application distribution are accelerating, Ethereum is promoting real-world applications of institutional DeFi and inclusive finance, but Perp DEX has exposed short-term volatility and deep structural issues due to large traders reducing their positions.

**Personnel Shakeup in the ZCash Camp**

Josh Swihart, the former CEO of Electric Coin Company, the original developer of ZCash, recently announced the founding of CashZ.org. The direction of this new company is very clear—developing ZCash wallets and commercializing them. His ambition is to achieve a user base of billions for ZCash through a sustainable profit-making business model.

Josh's implied message is: Non-profit organizations are inherently constrained in product iteration and market expansion, and these limitations hinder development speed.

The new company will launch a brand-new ZCash wallet product and open beta testing channels. From a board perspective, this adjustment clearly aims to proactively address potential legal issues, creating conditions for core developers to privatize operations and rapidly deploy new features.

Haseeb Qureshi compared ZCash to—well, the original text was cut off here, but based on the trend, this restructuring suggests that ZCash may be entering a more pragmatic commercial phase.

ETH-0,38%

ZEC3,27%

SOL-1,14%

PERP-4,59%

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DeFiDoctor

· 01-10 17:24

The medical record shows that Josh's recent actions are essentially cutting into the non-profit model, with the behind-the-scenes of commercialization restructuring being a typical organizational overhaul strategy. The symptoms of fund outflows on Perp DEX are even more concerning; the structural issues exposed under the pressure of large holders reducing their positions are not as simple as short-term fluctuations. How urgent is ZCash's shift from non-profit to private operation? The goal of hundreds of millions of users sounds very ambitious, but can the wallet product's business model sustain it? It is recommended to regularly review the financial indicators of this new company. The institutional-level DeFi on Ethereum is somewhat interesting; it's more reliable than Solana, which only seems to hype up the buzz.

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ShitcoinConnoisseur

· 01-10 13:06

Josh is trying to shed the non-profit burden, in other words, he wants to make money. Solana is moving quickly, but the news from Perp sounds a bit fishy. ZCash's move is just to try to survive, see if it can succeed. Another project aiming for commercialization, the crypto world never lacks this kind of drama. The issues with Perp DEX should have been exposed long ago; isn't it better now that they are? Traditional finance is still pouring money in, but it's starting to become unsustainable. Before Ethereum's expansion directions are unified, who really dares to go all in? Josh founded CashZ, at least he's doing something legitimate, much better than just issuing air tokens. Large investors reducing their positions causing DEX to crash—this script has become boring.

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TopEscapeArtist

· 01-09 05:58

ZCash is making personnel adjustments again? I've heard too many arguments about the constraints of non-profit organizations, but in the end, they are all empty. Let's see if the technical chart shows a MACD golden cross before talking. Don't try to sell me on commercialization; I only look at the candlestick charts.

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ImpermanentLossFan

· 01-09 05:54

Josh's recent moves are really bold. Non-profit organizations are indeed too slow, but how far privatization can go is really uncertain. The Perp explosion definitely calls for reflection. Large holders reducing their positions can flip a market, and liquidity is incredibly fragile. Ethereum institutional applications have been talked about for so long. When will we really see them come to fruition? The ZCash restructuring feels like a prelude to compliance. It's understandable that Josh wants to commercialize. Is Solana's prediction market about to take off again? Can it sustain this time? The previous narrative moved too fast. The signals for traditional finance entering are so obvious. Why is the coin price still dragging its feet here? Can Josh's wallet really attract hundreds of millions of users? Is the privacy coin ecosystem really that big? Non-profit organizations are naturally here to hold things back. This view is interesting, but commercialization might not necessarily save ZCash. Institutional DeFi sounds impressive, but how is it actually doing? Are there any data? This wave of Perp DEX has directly exposed its essence. It seems we really need to reassess the risk model.

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rug_connoisseur

· 01-09 05:46

Zcash's restructuring this time is quite interesting. From non-profit to commercialization, the套路 feels a bit familiar. Josh is right, non-profit is indeed a straightjacket, but can it really reach hundreds of millions of users... The real trouble is on the perp DEX side. When big players reduce their positions, the entire market trembles. Without solving this structural problem, a爆雷 is just a matter of time. Ethereum's expansion consensus is still dragging on, while Solana is already rushing ahead. The gap is becoming more and more obvious. Is the influx of traditional finance a good thing or a bad thing? It never feels that simple. The Zcash wallet beta should have been open long ago. How long have we been waiting... The real test is still ahead. Commercialization is easy, but the user base is a whole different story.

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BottomMisser

· 01-09 05:41

Zcash's recent personnel upheaval is quite interesting. From non-profit to commercialization, honestly, it's just giving up. Major investors are fleeing perp DEXs, who can withstand that? Structural issues should have been exposed long ago. Traditional finance is continuously pouring in, yet we're still debating who will expand Ethereum. That's a bit ridiculous. Josh wants to reach hundreds of millions of users; first, let's improve privacy before boasting. Is the Solana prediction market accelerating again? What happened to the previous promises? It feels like this ecosystem is just reinventing the wheel.

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PanicSeller

· 01-09 05:32

Another CEO leaves to start a business, this time an old veteran in privacy coins... It seems ZCash is about to give up on idealism. Josh's move here is basically saying: non-profit organizations are too slow, we need to make money to survive. But speaking of which, hundreds of millions of users? That goal is a bit... mysteriously confident. Wait, is there a problem with Perp DEX? Are big players still reducing their positions? Now that's what I should be concerned about. Commercial wallets don't matter, but the key question is: can we still trust privacy?

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