Zcash gained about 20% over 24 hours after Paradigm co-founder Matt Huang disclosed that the crypto investment firm made an unspecified purchase of ZEC. The rally came as Zcash holders voted to preserve Bitcoin-style halvings and speed up block times to 25 seconds.
Crypto venture firm Paradigm and DeFi advocacy group Hyperliquid Policy Center jointly submitted a letter to U.S. Treasury urging FinCEN and OFAC to narrow proposed anti-money laundering compliance rules for stablecoins, warning that overly broad obligations could negatively impact decentralized finance protocols.
Morpho, an onchain lending protocol, has secured $175 million in funding co-led by Paradigm, a16z crypto, and Ribbit Capital, with participation from Apollo Funds and VanEck. The round values the protocol at approximately $2 billion and will support technical development and integrations with traditional financial institutions.
Venture fund Paradigm proposed a new design called PACTs that would allow long-term Bitcoin holders to privately timestamp proof of key control before quantum computers arrive, creating a potential rescue mechanism for vulnerable early Bitcoin holdings without moving funds onchain.
The DeFi Education Fund, joined by a16z crypto, Uniswap, Chainlink, Paradigm, Solana Policy Institute, and 30+ other organizations, formally petitioned the SEC to lock in recent decentralized finance interface guidance into official rulemaking.
