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Key Insights

Zcash’s core development team resigned following a dispute with the Bootstrap board over altered employment terms.

The sudden exit of ECC’s team led to a sharp 7% drop in ZEC’s price amid investor uncertainty.

Despite setbacks, institutional interest in ZEC continues with ETF filings and treasury consolidation moves.

The Zcash ecosystem has been disrupted after the core development team behind the privacy-focused cryptocurrency stepped down due to internal governance disagreements. The departure follows rising tension between Electric Coin Company (ECC) and the board of Bootstrap, the organization overseeing Zcash’s development.

Josh Swihart, CEO of Electric Coin Company, confirmed the resignation of all employees at ECC. The move was in response to recent decisions by the Bootstrap board that changed employment conditions, which the team deemed untenable. Swihart described the resignations as “constructive dismissals,” noting that the departures were not by choice.

New Company to Continue Development Mission

Despite the separation, the ECC team plans to continue working on Zcash’s core mission through a new company. Swihart emphasized that the team remains committed to building secure, private digital currency. He also clarified that the protocol itself remains unaffected by the organizational fallout.

Source: CoinMarketCap

The sudden shift in Zcash’s development leadership sparked a drop in investor confidence. The ZEC price declined more than 7% within 24 hours, reflecting market concerns over the stability of the project. Governance uncertainties appear to have directly influenced investor sentiment.

Institutional Interest in ZEC Remains Active

While the internal conflict has rattled the market, institutional interest in Zcash has continued to expand. In late 2025, Grayscale filed paperwork for the conversion of its Zcash Trust into a spot ETF. The move indicated confidence in the asset’s long-term potential.

Former BitMEX CEO Arthur Hayes confirmed that ZEC had become the second most liquid asset in his family office portfolio. His positive outlook remains unchanged despite the project’s internal challenges. Additionally, Reliance Global Group announced the consolidation of its digital asset holdings into ZEC.

Treasury Efforts Continue Despite Setback

Cypherpunk Technologies has also shown support for Zcash. The company recently raised $29 million worth of ZEC to support a treasury accumulation strategy aimed at strengthening the coin’s market position. The fundraising effort highlights confidence in ZEC’s relevance within the privacy coin segment.

The post ZEC Drops 7% as Zcash Team Departs Following Governance Conflict appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

Key Insights

Zcash’s core development team resigned following a dispute with the Bootstrap board over altered employment terms.

The sudden exit of ECC’s team led to a sharp 7% drop in ZEC’s price amid investor uncertainty.

Despite setbacks, institutional interest in ZEC continues with ETF filings and treasury consolidation moves.

The Zcash ecosystem has been disrupted after the core development team behind the privacy-focused cryptocurrency stepped down due to internal governance disagreements. The departure follows rising tension between Electric Coin Company (ECC) and the board of Bootstrap, the organization overseeing Zcash’s development.

Josh Swihart, CEO of Electric Coin Company, confirmed the resignation of all employees at ECC. The move was in response to recent decisions by the Bootstrap board that changed employment conditions, which the team deemed untenable. Swihart described the resignations as “constructive dismissals,” noting that the departures were not by choice.

New Company to Continue Development Mission

Despite the separation, the ECC team plans to continue working on Zcash’s core mission through a new company. Swihart emphasized that the team remains committed to building secure, private digital currency. He also clarified that the protocol itself remains unaffected by the organizational fallout.

Source: CoinMarketCap

The sudden shift in Zcash’s development leadership sparked a drop in investor confidence. The ZEC price declined more than 7% within 24 hours, reflecting market concerns over the stability of the project. Governance uncertainties appear to have directly influenced investor sentiment.

Institutional Interest in ZEC Remains Active

While the internal conflict has rattled the market, institutional interest in Zcash has continued to expand. In late 2025, Grayscale filed paperwork for the conversion of its Zcash Trust into a spot ETF. The move indicated confidence in the asset’s long-term potential.

Former BitMEX CEO Arthur Hayes confirmed that ZEC had become the second most liquid asset in his family office portfolio. His positive outlook remains unchanged despite the project’s internal challenges. Additionally, Reliance Global Group announced the consolidation of its digital asset holdings into ZEC.

Treasury Efforts Continue Despite Setback

Cypherpunk Technologies has also shown support for Zcash. The company recently raised $29 million worth of ZEC to support a treasury accumulation strategy aimed at strengthening the coin’s market position. The fundraising effort highlights confidence in ZEC’s relevance within the privacy coin segment.

The post ZEC Drops 7% as Zcash Team Departs Following Governance Conflict appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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Note: It's important to follow the guidelines and terms of service provided by Binance Square when using the Quiz Red Packet feature.

The Quiz Red Packet (previously known as Crypto Box) feature is available on both the app and web versions, so make sure to update your app to the most recent version.
To be eligible for creating a Quiz Red Packet, Square creators must have at least 1,000 followers on Binance Square. Using Quiz Red Packet in engaging and informative content enhances audience engagement and interaction, fostering stronger connections and a more vibrant community.
*Please note that Quiz Red Packet feature might not be available in your region.

What is the Quiz Red Packet?
Users can receive red packet gifts by correctly answering questions you set in the comment area under your Square post or article.

Creating a Quiz Red Packet:
To create a Quiz Red Packet, follow these steps:
Select the [🎁Red Packet] icon while editing Square content, either on the web or in the app.Click "Red Packet Quiz", choose a random or fixed Red Packet, and fill in all necessary fields to create a Red Packet.Review the quiz details and your post content, then click "Publish".The quiz will appear under your post or article.
Note: It's important to follow the guidelines and terms of service provided by Binance Square when using the Quiz Red Packet feature.