Eric

$ZEC Zcash is Bitcoin with privacy!

[Eric @ey3388]

Great explanation on why $NEAR is worth looking at…

[StarPlatinum @StarPlatinum_]

https://t.co/ble3mfQWsq

[Eric @ey3388]

This is what $NEAR does

[BlackRock @BlackRock]

Our latest research paper explores the growing connection between AI and digital assets and explains why broad AI adoption may drive new demand, utility and applications across the digital asset economy. https://t.co/z5T88Orble

[Illia (root.near) (🇺🇦, ⋈) @ilblackdragon]

NEAR is programmable money

[BITX @bitx2100]

ZRC20 vs BRC20 Explained

One important distinction:

ZRC20 uses JSON data that can fit within Zcash's on-chain data constraints, meaning the token inscription data itself can be stored on-chain.

Images are different. A typical JPEG/PNG can be much larger than the available per-transaction memo capacity, so simply putting a URL to an image does not mean the image itself is on-chain.

Dont trust me, ask claude!

[Eric @ey3388]

I’ve joined the ZRC20 Fairlaunch Airdrop ⚡️

ZRC20 is the native on-chain token standard for @Zcash , built by the @BitX2100 team.

A new era of tokens on Zcash starts here. 🦓

I’m in. Are you? https://t.co/97m0Al77qU

[BITX @bitx2100]

Introducing $CASH — the first ZRC20 token deployed on Zcash Mainnet.

🪙 1,000 $CASH = 0.005 $ZEC
🛡️ Anti-bot mechanism
💰 100% of mint proceeds refunded after the mint ends, minus gas fees
FCFS Public Fairlaunch
Only the first 18,900 transactions will count.

[NYSE 🏛 @NYSE]

$ZCSH 🤝

[Nathan @ngmarley]

Thanks to @mert and a few others, I have no Bitcoin anymore.

I got into Bitcoin in 2012, buying my first ever from Bitinstant for around $15 each. I learned about Bitcoin thru some article about The Silk Road. Never used the site, never into drugs, but always anti-authoritarian, so the idea that there was magic internet money that no government could stop was fascinating.

In 2013-2014, I started going to Bitcoin meetups in Portland (PDXBTC), we'd chat Bitcoin and other coins too, if anybody wanted to buy some BTC, there were usually others willing to do a local swap. Some people sold things for BTC, small artisanal knick-knacks or sourdough bread.

We didn't have a term for "Bitcoin maximalists" back then. But the idea that Bitcoin could be the only one, there can be no other cryptocurrency token which has any value to the world... would have sounded ridiculous to any of us.

I learned about other coins, we called "altcoins" (every coin but Bitcoin). Litecoin was a 4x faster Bitcoin, with 4x higher max supply. I thought that was great, because waiting for confirmations for p2p transactions was so slow. Then I discovered Darkcoin -- like Litecoin, but with extra features. I fell in love w/this one, it became Dash, and I was a core dev there for a few years.

So I've been a Bitcoiner since long before most BTC maxis or crypto "OGs", but I can also think rationally about the obvious facts.

- BTC is transparent
- Lightning is confusing, hard to use, fails a lot, ... and not Bitcoin
- Due to the transparent nature, there's a constant quantum threat, a clock ticking down for BTC and all other transparent and obfuscated chains
- Bitcoin is not fungible. Addresses can be censored and added to OFAC lists: https://t.co/igvJmSngnz. If you follow it out to its logical conclusion, eventually all Bitcoin will be tainted. Even today, a malicious actor with santioned BTC can dust any target addresses, and those become tainted.

But probably the most egregious:

- Bitcoin is ossified. Good luck trying to change any part of it. A sisyphean task.

Wealth seizures, corrupt governments (oxymoron), every CEX requiring KYC. And now with AI to map every transaction. This isn't theory anymore. This is actually happening, and every tax office of every government in the world is hungry to get its hands on this technology.

Meanwhile, there is one cryptocurrency which addresses all of Bitcoin's technical problems, by and large does not have toxic maxis, has a 10-year distribution, with some of the best cryptographers and cryptocurrency software engineers on the planet working on it. With post-quantum and 50k TPS scaling roadmaps.

I still believe other tokens and networks have value, but in my mind, Zcash will take the crown from Bitcoin as the best SoV. There is no advantage to holding BTC over zcash:native .

I don't have any more Bitcoin, because I lost my hardware wallet in a boating accident. But if I did have any, I would have migrated it all to the Zcash Ironwood shielded pool.

[Slow_n_SteadyZEC @seams5s]

“Chamath and the Winklevoss twins were the first known adopters of BTC in size, and now they're adopting $ZEC. ”.

Winklevoss have put millions and started $CYPH in November 2025.. The company is not even a year old and is quietly becoming a key player in the privacy space: ZEC mining, mining vertical integration on the cards, stake in @zodl_app , support for Ztreamer indexer, , plans to acquire/invest or build a “constellation of companies in the privacy space” and of course they also have a ZEC treasury. Website: https://t.co/PejzD6n7im

[Eric @ey3388]

@PooWhale State your source!

[Eric @ey3388]

It's a glorious chart! zcash:native

[Eric @ey3388]

@deegeevince Hulk smash!!

[Tyler Winklevoss @tyler]

./@cypherpunk is a privacy company. Until today, we bought Zcash. Now we mine it.

Buying Zcash means owning more of the network. Mining Zcash means making the network more secure and harder to attack — more hashrate means more security and a more secure Zcash makes every coin in our treasury more valuable.

Most Zcash miners sell everything they mine and stay out of governance. As the largest corporate holder of Zcash, we have every reason not to. Our incentives and the network's incentives are the same.

Cypherpunk holds Zcash. Now Cypherpunk mines Zcash. Onward.

[Tyler Winklevoss @tyler]

Zcash is the most exciting and undiscovered opportunity in crypto. It is encrypted bitcoin. It is pioneering privacy technology, quantum resistance, and AI-hardening. There is nothing out there even close to it and it's just beginning. Bookmark this tweet.

[Simon @simononchain]

The most interesting thing about $ZEC today is not the price.

It’s the fact that a GBTC-style discount dislocation just appeared around $ZCSH.

Haven’t seen anyone flag this yet (it only became possible this morning) but believe there is a real possibility this becomes the “GBTC trade of this cycle”, with several angles that could end up being profitable.

///

Before getting into the current set up around ZEC/ZCSH, it’s worth remembering how GBTC actually broke the market last cycle.

Funds were built, and later blown up, on two different GBTC trades.

The first was the premium arb. The more infamous of the two and the real money printer.

Here, Grayscale let accredited investors subscribe to GBTC at NAV with a six-month lock. Meanwhile GBTC traded in public markets at significant premiums. At the peak those premiums hit ~30-40%.

The playbook became standard:

- subscribe at NAV
- lock for six months
- hedge BTC exposure with CME shorts
- sell GBTC at a premium
- pocket the spread and lever it

Every TradFi family office, hedge fund tourist, and crypto-native desk was running it.

It became the trade.
Until, well, it didn’t...

In February 2021, after years of premiums, GBTC flipped to a discount for the first time.

Anyone mid-lockup was now long GBTC at above-market levels, carrying an expensive hedge, unable to exit, and watching the discount widen to -30%, -40%, even -45%.

This single dislocation helped detonate multiple firms:

- 3AC, which levered the arb and imploded
- BlockFi, which lent BTC into the trade and saw collateral vaporize
- Genesis, which absorbed the losses and collapsed
- DCG, which became an indirect casualty
- and dozens of smaller funds that quietly disappeared

The “risk-free” arb became career/cycle-ending almost overnight.

But the GBTC story did not end there.

After the flip, a new group stepped in. With GBTC now trading at a deep discount, a different trade emerged:
- buy GBTC at a discount
- wait for regulatory clarity or ETF approval
- redeem at NAV
- capture the collapse in the discount

Several value-oriented crypto funds piled in. They were early and underwater for a while. But they were ultimately right. The discount evaporated as ETF approval became inevitable.
Two different trades. Two different outcomes. Same product.

///

Today a similar opportunity may have just opened up.

This morning Grayscale filed to convert ZCSH, their Zcash trust, into an ETP. That filing immediately creates the early outline of a GBTC-style discount trade.

ZCSH is trading ~ $33.50 per share today, up roughly twenty-five percent on the news.
But even after today's move, it still trades well below the value of the ZEC it holds.

Yesterday’s trust data, with a lower ZEC price, showed NAV around forty-one dollars per share.

Yesterday’s trust data, with a lower ZEC price, showed NAV around 41 dollars per share.

That is still close to a 20 percent discount. Every ZCSH share is priced materially below the ZEC it represents.
At today’s prices that means:
– NAV roughly $41
– Market price roughly $33.50
– Implied ZEC per share roughly 0.0817

So you are effectively getting ZEC exposure at ~$410 per ZEC when spot is well above that.

The current trust structure does not allow redemptions.

The proposed ETP would, with one-to-one withdrawals of the actual ZEC held.
If Grayscale gets approval (reasonably likely under this admin), the discount should tighten and ZCSH should move toward NAV.

This is exactly what happened with GBTC as ETF approval became more realistic.

Not guaranteed. Not the same trade.
But structurally very similar.

///

Here is why this matters from a money-making perspective:

1. The discount closing is the cleanest angle.
Buying ZCSH at a 20 percent discount and selling after convergence is the purest version of the trade.

2. There is optionality if ZEC rerates during the approval window.
If the privacy-oriented store-of-value narrative strengthens, ZEC can rise while the discount closes.
That creates a second leg of upside that GBTC did not offer until very late.

3. A ZEC ETP could unlock new demand.
Most funds/investors cannot hold ZEC directly due to custody and mandate issues.
An ETP solves that. New pools of capital often tighten discounts by themselves.

4. There are meaningful narrative and political tailwinds.
Bitcoin’s lack of privacy is back in focus.
The quantum-risk discussion is getting louder.

And you can see that the narrative is real, even off CT, with the CEO of VanEck on CNBC talking about Bitcoin’s shortcomings and mentioning ZEC as a potential hedge.

As that conversation permeates mainstream platforms, it is generally a strong signal that the narrative is gaining real momentum, with both traditional allocators and crypto-institutional players believing the move has actual substance behind it (more reasons to allocate).

Put simply, if markets keep leaning toward the idea that ZEC is absorbing the role Bitcoin stepped away from, then ZCSH becomes the cleanest vehicle to express that view.

You get ZEC exposure in public markets, which could become a major driver of rerating as flows pick up, plus a built-in twenty percent discount that only exists until the ETP is approved.

ZODL?

[Wu Blockchain @WuBlockchain]

OKX, the largest offshore crypto exchange serving the Chinese-speaking market, will list Zcash (ZEC) for spot trading at 20:00 (UTC+8) on November 24, 2025. Notably, OKX previously delisted three major privacy coins — Monero (XMR), Zcash (ZEC), and Dash (DASH) — between January 4–5, 2024.
https://t.co/mEjkvMb6j4

[Eric @ey3388]

@JanvanEck3 @vaneckpk @vaneck_us $ZEC!

[Jan van Eck @JanvanEck3]

TLDR:

The bitcoin bear market is being driven by the onchain reality of the halving cycle (bearish for 2026), quantum-breaking-encryption concerns and the better privacy of Zcash.

@vaneckpk said it best: dollar cost average into bear markets

@vaneck_us

[ž🛡️ @jo14529471]

The largest exchange in China listing $ZEC tomorrow.

Probably nothing

[ž🛡️ @jo14529471]

OKX, the largest offshore crypto exchange serving the Chinese-speaking market, will list Zcash (ZEC) for spot trading at 20:00 (UTC+8) on November 24, 2025. Notably, OKX previously delisted three major privacy coins — Monero (XMR), Zcash (ZEC), and Dash (DASH) — between January 4–5, 2024.

[Coin Bureau @coinbureau]

🚨 VANECK: BITCOIN MAXIS ARE LOOKING AT ZCASH $ZEC.

VanEck CEO said quantum threats and traceability concerns have Bitcoin OGs exploring $ZEC for its much stronger privacy.