Dialectic

2026-10-15 20:45

Zcash Drops 11% in the Past 24 Hours, $17.9 Million in Long Positions Liquidated

privacy cryptocurrency Zcash has fallen 11% in the past 24 hours, with a market cap of $18.5 billion, making it one of the biggest decliners among crypto assets on the day. CoinShares senior researcher Luke Nolan said that the earlier rapid rally led to accumulated leverage, which amplified this pullback.CoinGlass data shows that Zcash long liquidations over the past 24 hours reached $17.9 million, higher than Hyperliquid's $7.3 million over the same period. Luke Nolan noted that Zcash is still up 460% from its March low, and this decline may be a correction after a substantial rally.Dialectic founder and head of investments Ryan Zurrer said that progress in OpenAI's mathematical research has sparked concerns across the crypto industry about AI cracking cryptography, and privacy protocols may suffer greater losses. Ethereum co-founder Vitalik Buterin and Ethereum Foundation researcher Justin Drake previously warned that the industry needs to prepare for "fortress mode."Zcash full node developer Zakura said the team expects to achieve quantum resistance with a certain degree of AI resistance by January. HashKey senior researcher Tim Sun said that Zcash's quantum resistance roadmap had been a catalyst for the recent rally, but actual implementation still requires time. (Decrypt)

CoinGlass

CoinShares

Decrypt

Drake

Ethereum

Foundation

2026-05-23 07:59

Cross-chain platform Squid completes $6 million strategic funding round, led by North Island Ventures

According to The Block, cross-chain infrastructure platform Squid has raised $6 million in strategic funding, led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. The funds will be used to launch a new consumer-facing product. Fig, co-founder of Squid, stated that the product will leverage Squid’s routing and settlement infrastructure to enhance the experience of accessing and managing crypto assets. Squid said that since its launch in 2023, the platform has processed over $6 billion in transaction volume and more than 4 million transactions across more than 100 blockchain networks, serving over 1 million users.

Block

Borderless

Fig

Ripple

Squid

2026-05-23 05:55

Cross-chain platform Squid completes $6M strategic funding round, with participation from Ripple and others

OdailyOdaily reports that Squid, a cross-chain infrastructure platform, has completed a $6 million strategic funding round led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, and others.It is reported that Squid was initially incubated within the Axelar ecosystem before developing into an independent platform. Since its launch in 2023, Squid claims to have processed over $6 billion in cross-chain transaction volume, covering more than 100 blockchains, with over 4 million cumulative transactions and over 1 million users.Following this funding round, Squid's total cumulative funding has reached $13.5 million. The company plans to use the new funds to launch new consumer-facing products, further streamlining the process for users to access, manage, and use crypto assets across different chains.

Axelar