1052 ET - Privacy coin Zcash set a new all-time high over the long weekend, climbing to $1,246 Sunday. The crypto token has since pared those gains, and is now trading around $1,165. Enthusiasm around Zcash is centered on its "zero-knowledge cryptography," which hides both transacting addresses and the amount being transferred, and could serve to mitigate the power of AI to de-anonymize user addresses on older blockchains like bitcoin. "We expect AI to create new threats to financial privacy, and to motivate a search for new solutions," says Zach Pandl of Grayscale in a recent note. Major cryptocurrencies are mixed, with bitcoin down 1.2% to $78,313, ethereum off 0.7% to $2,477, XRP up 0.6% to $1.41, and solana down 1.1% to $102.96.
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