Zcash (ZEC) surged 11% to trade around $1,250, with a market capitalization of approximately $21 billion, despite market turmoil following the U.S. Senate’s failure to invoke cloture on the Clarity Act. Bitcoin dropped toward $76,000 and major altcoins including XRP, Ethereum, Solana and Dogecoin lost between 5% and 10%. ZEC futures trading volume over 24 hours reached approximately $7.70 billion, with open interest at $2.61 billion and $18.07 million in liquidations. Meanwhile, ZEC holders overwhelmingly supported proposals related to the upcoming NU7 network upgrade, with 99.9% of votes in favor of reducing the block interval from 75 to 25 seconds.
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