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Door Remote - 07 Oct 2026
Happy Wednesday,
This is your institutional newsletter, Crypto Long & Short. This week:
Michael Zhao of Grayscale Research on the privacy problem AI created for public blockchains, and how Zcash addresses itTop headlines institutions should pay attention to by Helene Braun“ORE Weekly Revenue Picks Up as Price Responds” in Chart of the WeekThanks for joining us!
- Kim Klemballa
Zcash: money for an age of financial privacy- by Michael Zhao, Grayscale Research
Bitcoin proved you don't need a bank to move money. But it made a trade-off: every transaction is public, forever. Anyone can see who paid whom, how much and when. Wallet addresses aren't tied to real names by default, but the payment history itself is never hidden. Zcash was built to close that gap — a cryptocurrency designed around the idea that privacy, not transparency, is what the next generation of digital money needs.
For years, Bitcoin's openness didn't matter much in practice, because turning a wallet address into a real person's name took real work — subpoenas, exchange records or expensive forensics firms.
This is your institutional newsletter, Crypto Long & Short. This week:
Michael Zhao of Grayscale Research on the privacy problem AI created for public blockchains, and how Zcash addresses itTop headlines institutions should pay attention to by Helene Braun“ORE Weekly Revenue Picks Up as Price Responds” in Chart of the WeekThanks for joining us!
- Kim Klemballa
Zcash: money for an age of financial privacy- by Michael Zhao, Grayscale Research
Bitcoin proved you don't need a bank to move money. But it made a trade-off: every transaction is public, forever. Anyone can see who paid whom, how much and when. Wallet addresses aren't tied to real names by default, but the payment history itself is never hidden. Zcash was built to close that gap — a cryptocurrency designed around the idea that privacy, not transparency, is what the next generation of digital money needs.
For years, Bitcoin's openness didn't matter much in practice, because turning a wallet address into a real person's name took real work — subpoenas, exchange records or expensive forensics firms.

