NEAR rises 17% after launching transaction privacy feature

Near Protocol (NEAR) has surged 17% after launching "Confidential Intents," a transaction privacy execution layer, CoinDesk reported. Unlike privacy coins such as Monero (XMR) and Zcash (ZEC), which conceal all transactions, the new feature allows for selective privacy at the execution stage, a design noted for its focus on regulatory compliance. Over the past seven days, NEAR has gained more than 40%, outperforming other cryptocurrencies in the privacy sector.