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Zcash co-founder warns of historic crypto downturn as startups close and big investors pull out.

Market News
17 Jun 2026
UToday
View Source
Bearish
pluang ai news

Eli Ben-Sasson, co-founder of Zcash and CEO of StarkWare, describes the current crypto market downturn as the worst in history, with many startups shutting down due to lack of funding. Unlike previous crashes, even strong projects are failing because of financial constraints. Traditional investors are withdrawing, a trend expected to continue until after the U.S. midterm elections, especially if Democrats maintain power. Despite the grim outlook, Ben-Sasson sees this market reset as necessary for innovation and believes the next growth wave will come from within the crypto community, not from AI or corporate blockchain products.

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