Key notes
- Electric Coin Capital CEO confirms the launch of protected Zcash Swap feature next week in Zashi Wallet via the NEAR protocol.
- ZEC bucked the market trend by short liquidating $10.3 million during the cryptocurrency collapse that wiped out $1.34 billion across the markets.
- Privacy leader Zcash ranks 14th with a market capitalization of $9.34 billion after posting 1,436% year-over-year gains and superior user experience improvements.
Zikash Reserve
Like you
$706.3
24-hour fluctuations:
40.9%
Market value:
$11.56 billion
Vol. 24 hours:
$3.02 billion
Decentralized purchasing is coming to Zashi Wallet, powered by NEAR Intents, according to Josh Swihart, CEO of Electric Coin Capital. This is a long-awaited feature that will allow users and investors to switch from other coins to a fully private, protected ZEC, as the price of the leading privacy coin rises.
The announcement came as a teaser post on November 14, with Swihart promising to “ship next week.” In the image, we can see a simulation of swapping 1 BTC, worth $96,432, for 170.30 ZEC, with the same face value, and a crossed shield next to the Zcash logo.
Shipping next week.
Switch directly to Zashi’s protected ZEC. pic.twitter.com/hwALfStuGO— Josh Swihart
(@jswihart) November 14, 2025
“Zashi ran out”Switch to ZEC via NEAR IntentsA feature in the wallet app on October 1, which uses the NEAR Protocol chain abstraction stack and the Intents protocol to allow decentralized purchases of Zcash using a transparent address. Before that, the leading wallet had implemented NEAR Intents natively for the opposite route: switching from protected ZEC to other supported blockchains like NEAR, Solana, Bitcoin, Ethereum, and more.
Interestingly, the cross-payment feature was highlighted but also partially criticized by leading blockchain researcher ZachXBT. “Zashi is a privacy-friendly wallet experience that fixes many of the UI/UX complaints I had with Monero,” Zack said, while also warning of the potential for information leakage due to the use of transparent Zcash addresses for refunds – the same ones used for ZEC purchases.
Josh Swihart and Illia Polosukhin commented on the matter, saying that additional protected Zcash features were on the roadmap for both Zashi and NEAR Intents to fix these potential leaks.
You definitely need protected refunds. On the road map.
– Elijah (root.near) (
, ⋈) (@ilblackdragon) October 21, 2025
ZEC Price Analysis Amid Cryptocurrency Collapse
November 14 began with a major market collapse that led to the liquidation of more than $1.34 billion in less than 24 hours. According to Coinglass data. ZEC was among the largest liquidations, but, unlike anything else, Zcash saw a greater liquidation of short positions – recording notable gains while other cryptocurrencies were collapsing and the majority of long positions were liquidated.
In total, $17.20 million was liquidated in ZEC, of which $10.3 million came from short positions. On the other hand, $1.16 billion of the $1.34 billion liquidations were from long positions, a pattern that has been replicated by BTC, ETH, SOL, and most, if not all, other cryptocurrencies.
Heatmap of liquidations and total liquidations within 24 hours, as of November 14, 2025 | Source: Coinglas
As of this writing, Zcash is trading at $572.88 and has a market cap of $9.34 billion, ranked in the global rankings. 14th place on CoinMarketCap It is currently the leading privacy coin by market cap. ZEC posted a 16.55% gain in the last 24 hours and a 1,436% gain year-on-year, attracting support from various industry players as it crossed the 10x gains mark.
Zcash (ZEC) price and market data as of November 14, 2025 | Source: CoinMarketCap
Zcash’s rise is mostly attributed to its superior privacy features and improved user experience thanks to Zashi. Furthermore, NEAR Intents has also been cited as a key contributor to ZEC’s success as a “global liquidity layer” that allows people to buy and spend their coins privately easily — and has been praised by figures from different ecosystems, similar to what happened to Zcash before the rally, as Coinspeaker reported.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Vini Barbosa has been covering the cryptocurrency industry professionally since 2020, summarizing over 10,000 hours of research, writing, and editing relevant content for media outlets and key industry players. Vinny is an active commentator and big user of technology, and truly believes in its revolutionary potential. Topics of interest include blockchain, open source software, decentralized finance, and real-world utilities.
The post Private Shielded Zcash Purchases ‘Shipping Next Week’ on Zashi first appeared on Investorempires.com.
