On March 10th, the Zcash ecosystem secured $25 million in funding, attracting several well-known investment institutions, which contributed to approximately a 10.9% increase in ZEC price. The funds will be used to expand the engineering team and accelerate protocol development. Despite the funding boost boosting market confidence, ZEC's decline in early 2026 still exceeded 57%. Long-term support will depend on the practical application of privacy technology and market demand.

Gate News Announcement, March 10th, Hyperliquid has launched Zcash (ZEC) spot trading today. Currently, the platform only supports deposit and withdrawal functions for non-cryptocurrency ZEC.

Cypherpunk Technologies announces a $5 million investment in Zcash Open Development Lab, marking its first technical investment outside of ZEC. ZODL was founded by the former CEO of Electric Coin Company and aims to develop wallet products and support the Zcash protocol.

On March 6th, among the top 100 cryptocurrencies by market cap, Humanity Protocol had the largest increase, rising by 17.60%, while Zcash experienced the largest decline, dropping by 8.60%.

In the Hyperliquid privacy track, the holdings of the three major currencies ZEC, XMR, and DASH are currently all in floating losses. The largest long position in ZEC with 10x leverage is floating loss of $6.68 million, a loss of 294%; the XMR long position is floating loss of $350,000, a loss of 32%; the DASH long position is floating loss of $1.34 million, a loss of 414%.