Zcash core devs quit; token drops 15%

The entire team at Electric Coin Company (ECC), developers of privacy-token Zcash (ZEC) have resigned and left to start a new company. ECC CEO Josh Swihart said the team left due to a governance conflict with the board of Bootstrap, which governs ECC and helps steward the Zcash ecosystem.

While the Zcash protocol remains operational, the mass departure led to ZEC dropping more than 15%. At the same time, ZEC is still up more than 700% over the past year but it has given up it's market cap lead to privacy token Monero (XMR). Read more →

The company now shows its enterprise-value-to-BTC – also known as “mNAV” – at 1x. In other words, the market is valuing the whole capital stack at roughly the same level as its bitcoin reserve. The last time Strategy’s enterprise value mNAV was this low was March 12, 2023. The only big question that now remains is simple and kind of brutal: does a premium ever come back – and if so, what’s the catalyst? Read more →

Rep. Ritchie Torres just dropped a bill called the “Public Integrity in Financial Prediction Markets Act of 2026” after a very on-the-nose Polymarket trade: A newly created Polymarket account reportedly invested over $30,000 less than a day before the US captured Maduro, and walked away with $400k in profit. The bill’s core idea is straight-forward: if you’re a federal official (elected, appointee, executive branch, staff) and you have material nonpublic information through your job, you shouldn’t be trading event contracts tied to government action or political outcomes. Read more →

📥️ Want to advertise in CoinSnacks? Learn More