Zcash (ZEC) Price Surges 23% as Fed Rate Hike and Governance Vote Fuel Rally

Zcash (ZEC) surged 23% to around $1,369 as the Fed raised rates by 0.25%, which markets took as a signal of limited further tightening. Nearly 2.4 million ZEC voted in the NU7 governance poll, with 99.9% backing faster 25-second block times and 98.9% choosing to keep the current emission schedule.