Zcash surges past $1,500 with 18% daily and 193% monthly gains, driven by Grayscale ZCSH inflows, the NU7 governance vote, and short

Former Hut 8 CEO Jaime Leverton will lead Zcash miner Fortitude as the DCG-owned company prepares to go public through its proposed combination with HeartSciences.

The privacy coin rose double digits Thursday and 168% over the past month in the wake of the NU7 upgrade vote.

ZEC’s bull run has triggered painful losses (albeit some on paper) for traders who previously opened short positions, while several analysts believe the rally is far from over.

Fortitude Mining has named the former CEO of Hut 8, Jaime Leverton, as its new CEO, effective September 21. The company is bringing in an executive who has already run a listed crypto miner to take over the job of steering the Zcash-focused company through a planned Nasdaq listing.

Zcash hits a record high as a bull flag breakout targets $1,750–$1,865, while the weekly setup points toward $2,700.

Leverton will lead the DCG-owned mining company as it pursues a public listing through its proposed merger with HeartSciences.

StarkWare CEO Eli Ben-Sasson says ZEC's surge to $1,388 is partly driven by Bitcoin ossification fears, as Zcash's NU7 governance vote draws 2.4M

Zcash gained 2,400% in a year while XRP, Solana and Cardano fell. Here's what's driving ZEC and if the rally can hold.