Spoluzakladatel BitMEX Arthur Hayes očekává, že HYPE bude zaostávat za ETH a ZEC kvůli rostoucí konkurenci mezi decentralizovanými burzami s perpetual futures.
Arthur Hayes expects HYPE to deliver weaker returns than Ethereum and Zcash from current levels. The view follows months of position changes, including his full exit from HYPE in June. HYPE is pulling back toward the moving average that has supported its entire 2026 rally. Ethereum’s deep discount to its record high is central to the Hayes argument. Arthur Hayes, the BitMEX co-founder who now serves as chief investment officer of crypto fund Maelstrom, said in an October 16 interview that Hyperliquid’s HYPE token could underperform Ethereum (ETH) and Zcash (ZEC), pointing to growing competition among decentralized perpetual futures exchanges, platforms where traders open leveraged bets on prices without an expiry date. A week later, HYPE trades near $78.26, about 20% below its $97.99 record after four straight weeks of lower highs. Hayes added that he respects what the Hyperliquid team has built and would still use its products, but he no longer wants to own the token, which makes the comment the latest step in a shift that started in June.
From a $150 Target to a Full Exit Hayes on HYPE in 2026
● March: Discusses a $150 HYPE scenario ● May: Names HYPE, NEAR and ZEC his “holy trinity” ● June 4-5: Sells HYPE, NEAR and then ZEC ● August: Calls ETH his preferred trade ● October 16: Says HYPE could lag ETH and ZEC In March, Hayes argued that record open interest in HIP-3 markets, which let developers list new perpetual contracts on Hyperliquid, could carry HYPE to $150. By late May he was grouping it with NEAR and ZEC as his favorite trio, praising the token’s revenue model and its access to traditional assets. Less than two weeks later, on June 4, he sold his HYPE and NEAR positions, citing higher energy prices, the risk that large AI listings would pull liquidity away from crypto and a weaker macro backdrop. A day later he exited ZEC as well, saying a vulnerability in Zcash’s Orchard pool meant the network could not cryptographically prove that extra coins had never been created.
The speed of the reversal drew criticism, and on-chain investigator ZachXBT accused Hayes of using his followers as exit liquidity. In August, Hayes disclosed that Maelstrom had bought HYPE in the low $30s and sold around $75, adding that ETH could rise three to five times relatively quickly. By the October 16 interview, ETH and ZEC were back at the center of his thinking, despite his June exit from Zcash.
Why ETH Looks Cheaper on His Math The case rests on relative valuation, since Hyperliquid generated roughly $429 million in revenue between January 1 and September 15, and nearly all protocol fees go toward buying HYPE on the open market, which ties the token directly to trading activity. Investors now widely recognize that link, so in Hayes’ view much of the success is already reflected in the price. Rival perpetual exchanges pose the specific risk: every share of volume they win reduces the fees Hyperliquid collects, and with them the size of the buybacks that support HYPE.
Ethereum sits on the other side of that trade, since it remains the main settlement layer for decentralized finance yet has lagged smaller assets for most of the past year, and it trades about 51% below its August 2025 peak. His Zcash thesis is different in kind, built on the idea that financial privacy gains value as governments, large tech companies and AI systems track more economic activity. Both are investment views, and ZEC in particular carries its own liquidity and regulatory risks.
HYPE Leans on Its 21-Week Average HYPE/USDT weekly chart. Source: Alexander Stefanov / TradingView The 21-week exponential moving average at $72.85 has guided the whole 2026 advance. HYPE reclaimed it in January, has closed above it every week since and bounced off it in July before the August breakout. The same line marked the turn in late 2025, when losing it in October and November preceded a three-month slide to $20. Together with the 0.382 Fibonacci retracement at $68.38, it forms a $68.4-72.9 support band that also overlaps the range where price spent most of May through July.
Momentum has weakened even as HYPE set a far higher high in September than in June, yet the relative strength index peaked near 83 in late May and reached only about 70 at the record, meaning buyers pushed with less force on the final leg. The reading now sits at 56.2, below its signal line, although still above 50, which fits a cooling trend rather than a reversal. A weekly close below $68.4 would point to $59.24 and then the $50-51 area, where the 0.618 level meets the rising 50-week average. Holding the band and reclaiming $85-88 would reopen a test of $97.99, with $119.07 as the next extension above it.
ETH Is Stuck Between Two Averages ETH/USDT weekly chart. Source: Alexander Stefanov / TradingView Ethereum trades at $2,407.69, inside a narrow cluster formed by the 50-week EMA at $2,419.68 and the 200-week EMA at $2,462.74. Sellers stopped the September rally at $2,749, which is both the 0.618 Fibonacci level and the measured target of the double bottom ETH built near $1,550-1,600 in June and July. Volume during the pullback has stayed below the August breakout, suggesting profit-taking rather than heavy selling, while the RSI at 52.85 shows no clear direction. A close above $2,463 would turn the cluster into support and open a second test of $2,749, then $3,171. Repeated closes below the 50-week average would send price back toward the $2,149 neckline.
ZEC Defends a Month-Long Floor ZEC/USDT weekly chart. Source: Alexander Stefanov / TradingView Zcash bounced 9.25% this week to $1,235.40, extending a four-week stretch in which every weekly low held above the 0.382 level at $1,047.48. The upper wick to $1,368 shows sellers remain active above the 0.236 level at $1,289.17. ZEC trades about 90% above its 50-week EMA, and its RSI peaked near 78 at the September record versus roughly 95 during the November 2025 rally, a gap that marks weaker buying pressure at higher prices. A close above $1,289 would put the $1,680 record back in view, with $2,130 beyond it. Losing $1,047 would expose $852, then the $647-657 zone where the 0.618 level and the 50-week average meet.
Sunday’s Closes Will Test the Rotation The weekly candles close on Sunday, October 25. If HYPE ends the week below $72.85 while ETH settles above its 200-week average, the charts would show the rotation Hayes describes, with money moving from a token near its highs toward one still far below. Hyperliquid’s buyback size depends directly on its share of perpetual trading volume, so monthly market share data across decentralized derivatives venues offers a more concrete test of the competition argument than price alone.
Hayes has reversed course on all three tokens within months this year, and blockchain analysts track wallets linked to him and Maelstrom closely. Any renewed buying of HYPE, or new selling of ETH or ZEC, would likely appear in on-chain transfer data before he comments on it publicly.
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
Hydration spustila v ekosystému Polkadot swapy Zcash (ZEC) s funkcemi DCA a limitních příkazů. Trhy pro půjčky a výpůjčky ZEC by měly následovat již v pondělí.
Hydration, a leading Polkadot DEX, has launched Zcash ($ZEC) swaps with DCA and limit orders, with ZEC lending and borrowing markets due as early as Monday.
Hydration (@Hydration_net), one of the main decentralized exchanges on Polkadot (@Polkadot), has launched swaps for Zcash (@Zcash) $ZEC within its ecosystem. The move brings a leading privacy token into Polkadot's DeFi stack.
Users can trade ZEC pairs through Hydration's liquidity layer. The venue supports dollar-cost averaging (DCA), limit-order execution and instant swaps for the token.
Lending and borrowing nextHydration is also scheduled to activate $ZEC lending and borrowing markets as early as Monday. Together with the swaps, the rollout gives ZEC holders a way to trade and put the asset to work on-chain without leaving the Polkadot ecosystem. The lending launch date is a target and could change.
Hydration, formerly known as HydraDX, is built around an Omnipool automated market maker that concentrates liquidity in a single pool. According to the same overview, it also runs a money market for supplying and borrowing assets and a decentralized, over-collateralized stablecoin called HOLLAR. Coin Bureau describes the Omnipool as an AMM design that concentrates liquidity into one shared trading layer rather than splitting it across many isolated pools.
Why Zcash matters for DeFiZcash is a privacy-focused asset, and access to it has been expanding across decentralized venues. In October, cross-chain protocol THORChain said native ZEC swaps were live, letting users swap ZEC for assets such as Bitcoin, Ethereum and stablecoins without wrapped tokens or a centralized custodian. Hydration's launch adds another on-chain venue, this time within Polkadot.
Liquidity will be the key test. Newer ZEC markets elsewhere have started shallow, and THORChain's Zcash pool held just over $50,000 at launch, according to Chainwire. Depth on Hydration's ZEC pairs, and how quickly lending and borrowing markets attract users, will show how much demand exists for privacy assets in Polkadot DeFi.
For Hydration, the integration extends its all-in-one offering of trading, lending and stable-value products. For Zcash, it opens a new route to on-chain use beyond the venues where the token already trades.
SourcesPolkadot DeFi Dapps overview, Polkadot Ecosystem
Top Polkadot Projects in 2026, Coin Bureau
THORChain Launches Native Zcash Swaps, Chainwire
Zcash (ZEC) letos posílil zhruba o 3 000 %, zatímco bratři Winklevossovi a Barry Silbert soupeří o těžební infrastrukturu a ETF navázané na tento kryptoměnový projekt.
PANews, Oct. 23 — According to Bloomberg, privacy-focused cryptocurrency Zcash (ZEC) has gained roughly 3,000% year to date, drawing increased positioning from early Bitcoin investor and Gemini co-founder the Winklevoss twins and Digital Currency Group (DCG) founder Barry Silbert, with the two sides now competing over Zcash mining infrastructure and investment products.
On the investment product side, DCG's Grayscale launched the first U.S. Zcash ETF in August, providing a channel for institutional capital to enter the asset. The Winklevoss twins filed for their own Zcash ETF this month, further intensifying the competition.
Cypherpunk Technologies, backed by the Winklevoss twins, and Fortitude Mining, backed by Silbert, have become major mining companies on the Zcash network, and plan to invest tens of millions of dollars to expand hashrate in pursuit of more mining rewards. Cypherpunk currently holds about 20% of the network's total hashrate; Fortitude said that once its newly added hashrate is deployed, its share will reach 20%. However, Zcash mining is essentially a competition for hashrate over a fixed issuance, so increasing a mining company's hashrate mainly affects its probability of earning mining rewards and does not mean the token's price is bound to rise.
Zcash za posledních 24 hodin klesl o 3,78 % na zhruba 1 225 USD, zatímco otevřený zájem na futures kontraktech na ZEC se snížil o 12,45 % na 2,37 miliardy USD.
Zcash price has fallen 3.78% over the past 24 hours to approximately $1,225 on October 23, as traders reduced derivatives exposure following the cryptocurrency’s recent recovery.
Summary
Zcash price fell 3.78% to approximately $1,225 on October 23, extending its volatile October trading pattern. ZEC futures open interest dropped 12.45% to $2.37 billion, pointing to reduced outstanding derivatives exposure. Technical indicators show resistance near $1,234 and $1,250, while $1,200 remains an important support area. Analyst Ali Martinez identified a potential recovery toward $1,350 if ZEC can defend its nearby support levels. Zcash’s upcoming NU7 upgrade remains a development catalyst, although its market impact is not guaranteed. At the same time, ZEC open interest declined 12.45% to $2.37 billion, while futures trading volume fell 10.28% to $7.23 billion, as per CoinGlass derivatives data. The simultaneous declines in price and outstanding positions suggest traders have been closing leveraged positions, although the figures do not establish whether long liquidations or voluntary exits drove the selloff.
The latest crypto.news price data places ZEC between a 24-hour low of $1,187.54 and a high of $1,281.24. The cryptocurrency has lost approximately 24.19% over the past month, despite recovering from lower prices recorded during October.
At approximately $1,225, ZEC remains around 14.8% below its October 1 opening price of $1,438.21. The token’s market capitalization stands near $20.82 billion, with daily spot trading volume approaching $1 billion across the reported market snapshot.
Much of the selling follows a period of considerable price volatility. ZEC recently recovered toward $1,300, giving short-term holders an opportunity to secure gains after the rebound, although available data cannot confirm how much selling came from profit-taking.
On October 19, crypto.news reported on Zcash’s recovery above $1,100 following a decline toward $1,050. That report recorded $2.29 billion in futures open interest and $13.55 million in daily liquidations, showing that leveraged trading remained substantial during the rebound.
ZEC derivatives open interest drops 12.45% The latest contraction in open interest indicates that the total value of outstanding ZEC futures positions has fallen. At $2.37 billion, however, derivatives exposure remains substantial compared with the cryptocurrency’s daily spot trading activity.
Zcash (ZEC) open interest, source: CoinGlass Futures turnover reached approximately $7.23 billion during the reported period, considerably exceeding spot volume. The difference reflects activity across derivatives and spot markets with different trading mechanisms and should not be interpreted as an equivalent amount of selling pressure.
Previous ZEC leveraged trading analysis documented a similar contraction in September, when open interest on OKX declined faster than the underlying price. That episode showed traders reducing outstanding exposure during a correction without establishing which side initiated the move.
For October 23, falling price and open interest are consistent with a reduction in leveraged positioning. Confirming forced long liquidations would require matching liquidation records, funding rates and directional positions over the same reporting period.
Zcash price prediction: Can ZEC reclaim $1,350? The technical outlook remains mixed, with ZEC trading above its nine-day moving average of $1,199.81 but below its 21-day moving average of $1,233.95. This positioning suggests the latest recovery has not yet overcome resistance from the longer short-term average.
The nine-day average remains below the 21-day average, preserving a bearish crossover. Meanwhile, the Relative Strength Index stands at 48.78, above its signal average of 45.84 but still below the neutral 50 level.
Zcash (ZEC) price chart, source: TradingView Crypto analyst Ali Martinez identified a TD Sequential sell signal near $1,350, followed by a reported 6.44% correction. He subsequently highlighted a buy signal and suggested that holding $1,250 could allow ZEC to recover toward $1,350.
However, with Zcash price trading near $1,225 in the latest snapshot, the $1,250 level now represents an area the market must reclaim. A sustained move above $1,233.95 and $1,250 could improve the recovery outlook, with $1,350 becoming the next notable resistance.
Another analyst, Crypto Yoda, identified $1,360 as an important breakout level after ZEC moved beyond a descending channel. The analyst suggested $1,700 as a possible subsequent target if buyers establish support above that resistance.
$ZEC FINALLY BROKE THE BS DOWNWARD TREND
Been stuck in that descending channel for weeks, and now we’re finally seeing some strength
$1,360 i would like to see
If bulls can flip that resistance, $1,700 comes back into the picture
Not calling it a guaranteed moonshot, but i… pic.twitter.com/BfGNo0h2Rt
— Crypto Yoda (@_CryptoYoda) October 22, 2026 On the downside, losing $1,199.81 would leave the recent low near $1,187.54 exposed. Further weakness could bring the $1,100–$1,000 support region into consideration, particularly if falling prices coincide with another contraction in futures positioning.
Zcash NU7 upgrade remains a November catalyst Beyond derivatives activity, investors are monitoring the proposed NU7 network upgrade, with developers targeting an activation around November 5. The changes include reducing target block times from 75 seconds to 25 seconds while maintaining approximately the same issuance rate over time.
The NU7 upgrade timetable includes changes to older transaction formats and a mechanism reserving part of transaction fees for future miner rewards. The November activation remains subject to the network’s final upgrade configuration and implementation requirements.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Zcash Foundation vydala Zebra 7.0.0 s podporou NU7; provozovatelé uzlů hlavní sítě musí aktualizovat software před blokem 3 543 405, očekávaným přibližně 5. listopadu, aby zůstali na řetězci shodném s konsenzem.
Zcash Foundation has released Zebra 7.0.0 with NU7 mainnet support, telling node operators to upgrade before block 3,543,405, expected around Nov. 5.
Summary
Mainnet operators must upgrade before activation to remain on the consensus chain.
Zebra 6.4.x releases are scheduled to stop operating days before the upgrade.
NU7 introduces 25-second blocks while preserving the scheduled daily issuance of ZEC.
The foundation says Zebra 7.0.0 includes fixes for five security advisories.
Zcash Foundation said in its Oct. 22 announcement that mainnet operators must install the upgrade to remain on the consensus chain, while older 6.4.x releases will stop themselves days before activation.
“All Mainnet operators MUST upgrade before height 3,543,405 (~Nov 5) to stay on the consensus chain.”
The foundation listed 25-second blocks, a Network Sustainability Mechanism, and fixes for five security advisories among the release’s features.
Zebra operators face an earlier shutdown
The foundation’s Oct. 6 engineering update put the expected shutdown of Zebra 6.4.x around Nov. 2. Developers shortened the software’s operating period from 15 weeks to 12 weeks to bring that halt ahead of the planned network upgrade.
In the same update, the engineering team said expiry calculations and synchronization estimates had been adjusted to follow the block time in effect at each height. Without that adjustment, faster block production could make software stop earlier than intended.
NU7 reached public testnet at block 4,465,026 on Oct. 4, the foundation confirmed. The testnet activation introduced the consensus changes for observation before mainnet deployment.
As crypto.news previously reported on Oct. 21, developers had selected the mainnet activation height after an Oct. 20 meeting of ZIP editors. At that reporting cutoff, the change still awaited integration into the deployment specification.
The current ZIP 259 text now lists mainnet block 3,543,405. Its compatibility rules say upgraded nodes will disconnect peers advertising an older network protocol version after activation.
The specification warns that unsupported software can remain online and follow a pre-NU7 consensus branch. It does not establish how many operators are still using incompatible software.
Zcash targets faster confirmations without faster issuance
ZIP 218 sets the new block target at 25 seconds, down from 75 seconds. Its authors identify payments, exchange deposits, and cross-chain operations as uses affected by the wait for confirmations.
The proposal does not advise clients to cut their confirmation counts. Its discussion of rollback risk distinguishes between security models, including models based on an attacker’s share of mining power and those based on the economic cost of reversing a payment.
The foundation’s Oct. 2 release-candidate explanation says daily scheduled issuance stays unchanged because the software divides scheduled block rewards by three and adjusts the remaining halving intervals.
Its description retains the four-year halving schedule and the 21 million ZEC supply cap. Faster block production therefore does not mean the scheduled daily mining subsidy triples.
The September coinholder poll recorded roughly 99.9% support for shorter block spacing and 98.9% support for preserving halvings. Nearly 2.4 million ZEC participated, representing around 66% of eligible Ironwood balances at the snapshot, according to the published results covered on Sep. 16.
Voting closed on Sep. 14 after balances were recorded at mainnet block 3,459,350 on Aug. 24. Eligibility depended on spendable shielded funds held in Ironwood at that snapshot.
NU7 redirects fees into future mining rewards
The foundation’s release-candidate explanation describes a split in which 60% of transaction fees leave circulation for a reserve, while miners keep the remaining 40%.
Under the Network Sustainability Mechanism, the reserved funds can return gradually through future block rewards. The Oct. 21 activation coverage identified mainnet block 8,939,664 for the start of reissuance, expected around February 2031.
Coinholders had favored that timing with approximately 96.6% support in September’s poll. The deployment specification lists the reissuance height separately from the NU7 activation height.
The Oct. 2 technical explanation gives mining pools a related instruction. Because a coinbase transaction depends on selected transaction fees and the parent block’s reserve, miners should request a fresh block template instead of changing its transaction set or previous block themselves.
The foundation described shielded activity limits covering individual pools and a shared budget across pools. Its engineering update says those restrictions are designed to protect light wallets from spam while the network produces blocks more frequently.
ZIP 218 places the shared shielded budget at 330 actions per block, alongside separate pool limits. Its authors estimate that the changes cut worst-case daily light-wallet synchronization bandwidth from 271 megabytes to 169 megabytes, a reduction of roughly 37%.
The proposal notes a separate privacy trade-off. More frequent blocks give observers finer timing information, which can be combined with observations from networks or applications. Its authors say the new limits do not prevent traffic analysis or eliminate denial-of-service risk.
Sprout funds face a separate spending deadline
The Oct. 5 testnet coverage described another NU7 change affecting funds in Sprout, Zcash’s original shielded pool. Disabling version 4 transactions prevents spending those funds after activation unless holders move them beforehand.
ZIP 259 specifies that the prohibition applies to every version 4 transaction, including transparent-only and Sapling transactions. Saved transactions signed offline require the same activation checks.
The specification says versions 5 and 6 keep their existing structures, but their signatures commit to a consensus branch identifier. An unchanged transaction format does not guarantee a transaction remains valid across activation.
Zcash se po týdenním růstu o 15 % obchodoval kolem 1 300 USD, podpořen přílivem 15,18 milionu USD do ETF společnosti Grayscale a růstem otevřeného zájmu na futures na 2,89 miliardy USD.
Zcash traded around $1,300 on Thursday, posting a three-day recovery that lifted the weekly gain to approximately 15%. The privacy-focused cryptocurrency hovered near $1,287 as of the latest trading session, supported by strong inflows into exchange-traded funds and increasing activity in the futures market.
ETF inflows surge on renewed demandGrayscale’s Zcash-oriented exchange-traded fund posted $15.18 million in net inflows on Wednesday, a sharp increase from the $1.61 million recorded a day earlier, according to data provided by SoSoValue. This marked the largest single-day inflow in about one month and followed three consecutive weeks characterized by net withdrawals.
The latest influx signals a potential turnaround in investor sentiment, though analysts noted that two positive sessions alone do not confirm a lasting end to the previous outflow trend. A more sustained recovery in ETF demand would be necessary to establish a clear shift in the market’s trajectory.
The rebound in ETF inflows points to improving demand through institutional investment products after a period of persistent net withdrawals, but longer-term confirmation is still required.
Rising ETF activity has contributed to Zcash’s recent price stabilization, particularly as the broader cryptocurrency market reacts to developments in macroeconomic policy and digital asset investment products.
Futures open interest nears $2.9 billionZcash futures open interest reached $2.89 billion, its highest reading since September 29, as reported by CoinGlass. This figure increased from $2.25 billion at the start of the week, signaling an approximate $510 million rise in outstanding positions.
Open interest captures the notional value of current futures contracts and may reflect the introduction of new long or short positions, increases in the token’s price, or a combination of these factors. The uptick in open interest aligns with the observed rebound, but it does not indicate whether market participants are predominantly bullish or bearish on the asset.
Broader engagement from both investors and traders is evident, but analysts warned that increased leverage could fuel higher volatility if sentiment shifts abruptly.
In a rapidly moving market where sudden ETF inflows or altcoin listings can influence prices within seconds, investors increasingly seek consolidated, privacy-focused solutions to monitor markets and manage their holdings efficiently. Privacy-first platforms like CryptoAppsy allow traders to access live charts, tailored alerts, asset-specific news, and key macro data without the need to create an account, improving decision-making under fast-changing conditions.
ZEC maintains momentum above support levelsOn technical charts, ZEC continues to trade above its 50-period Exponential Moving Average of $1,210 and its 200-period EMA at $1,235 on the four-hour timeframe. These moving averages currently serve as short-term support, reinforcing the recovery structure.
The Relative Strength Index stands at roughly 61, reflecting positive momentum while staying clear of overbought territory, which is typically considered at a reading of 70. The Moving Average Convergence Divergence indicator also remains supportive, suggesting sustained upside bias.
However, analysts observed that further upside would require ZEC to overcome additional obstacles. The September 26 peak near $1,698 serves as a reference point for an extended rally, representing a potential 30% advance from current prices. Achieving a breakout above this level would signal renewed strength, though the outlook remains contingent on ongoing price action and trading range developments throughout the year.
A continued defense of the $1,250 support area and the recently reclaimed moving averages will be needed for Zcash to sustain its gains and attempt further upside.
The first key support remains at the $1,250 level, while the 50- and 200-period EMAs between $1,210 and $1,235 provide a broader technical safety net. A firm hold above these lines would help maintain the recent breakout, but a reversal below them may indicate that momentum is fading.
Vývojáři Zcash navrhli pro cross-chain swapy jednorázové příchozí klíče pro prohlížení, které mají omezit budoucí kvantové propojování plateb téhož uživatele.
Zcash developers are advancing a targeted privacy enhancement to shield ZEC swap activity from potential future quantum computing risks. The team behind Zakura, a full-node implementation of the Zcash network, has detailed an approach that assigns a unique incoming viewing key to every publicly exposed address used in cross-chain swaps, particularly those routed through NEAR Intents.
This measure addresses a specific vulnerability that could otherwise allow a powerful quantum adversary to connect multiple payments belonging to the same user.
Under normal conditions, Zcash’s shielded transactions already maintain strong privacy properties against classical computers and even quantum ones in many everyday scenarios.
Payments are encrypted in a way that does not place sensitive key material on the blockchain itself.
However, when a shielded address must be published on another chain—as occurs with refund addresses for failed or partial NEAR Intents swaps, or recipient addresses for inbound swaps—that exposure creates a lasting record.
A sufficiently advanced quantum computer employing Shor’s algorithm could, in theory, recover the shared incoming viewing key associated with that address.
Once obtained, the key would reveal the values and memos of every payment ever received by the same Zcash account, effectively linking them together.
The concern falls under the broader “harvest now, decrypt later” threat model, in which public data collected today might be decrypted years from now if quantum capabilities mature.
Rather than requiring users to spin up entirely new accounts for each swap—an approach that creates practical friction for hardware wallets such as Keystone (limited to a single account index) and Ledger (requiring separate transaction approvals)—the Zakura design keeps the core spending key unchanged.
It only varies the randomness used when deriving the incoming viewing key. Each swap therefore receives its own distinct viewing key and corresponding address.
An attacker who later breaks one published address learns only the payments tied to that specific swap; linking it back to the user’s main account would require inverting a hash-based derivation, which remains infeasible even for a quantum computer.
Spending authority stays centralized with the original account key, so funds remain easily accessible.
To keep wallet recovery efficient as the number of one-time keys grows, the system relies on private information retrieval.
Because NEAR bridge transactions on Zcash use a uniform outgoing viewing key, an index can be built that maps addresses to the relevant transactions.
Restored wallets check compact filters first, then privately query the index without revealing which addresses they control.
Encrypted notes left to the user during outgoing swaps record the derivation index, enabling precise reconstruction. Inbound swaps follow a sequential filter-checking process.
Compatible software wallets built on Zakura’s open-source libraries, including Vizor, are expected to support the feature within weeks, with hardware-wallet firmware updates to follow.
No quantum computer capable of recovering these keys has been demonstrated.
The change is designed as a deployable interim step ahead of longer-term post-quantum work such as the Tachyon project and related network upgrades. By isolating exposure to individual swaps without sacrificing usability, the proposal aims to extend practical privacy for ZEC users who interact with cross-chain services.
Zcash během dne vzrostl o 13 % na více než 1 330 USD, což je devítidenní maximum. Dva velcí investoři otevřeli long pozice s desetinásobnou pákou v hodnotě 18,6 milionu USD a 18,9 milionu USD.
"ZEC is gearing up for a $2,000 run," one analyst envisioned.
The cryptocurrency market has staged an evident resurgence over the past 24 hours, with Zcash (ZEC) once again among the top performers.
Many analysts believe this marks the start of a major new rally, while some whales opened long positions worth millions of dollars.
Explosion to $2,000 Comes Next? As of this writing, ZEC is worth just over $1,330 (per CoinGecko), up 13% for the day. By comparison, Bitcoin (BTC) has rebounded by 3%, while Ethereum (ETH) has risen by 4% within the same period. The privacy coin’s market capitalization stands at over $22 billion, solidifying its spot among the 10 biggest cryptocurrencies and widening the gap with Hyperliquid (HYPE), which ranks 11th.
The most likely catalyst for ZEC’s latest price increase is the green wave sweeping the sector, but there may be more to it. The X account BSCN revealed that Zcash plans to triple its block production speed, with developers targeting November 5 for the NU7 upgrade.
“The upgrade would cut block times from 75 seconds to 25 seconds. It would also temporarily remove 60% of transaction fees from circulation. The existing mining reward halving schedule would remain unchanged. The activation height still needs to be incorporated into node software before the upgrade can take effect,” the disclosure reads.
Besides gaining 13% on the day, ZEC has also climbed 22% from its local bottom of around $1,050, registered just a few days ago. On that note, X user Lucky said:
“ZEC is bouncing back beautifully. Tell me you bought the dip.”
Token Talk and Nehal also weighed in. The former argued that, to maintain its bullish structure, the price would need a healthy consolidation period instead of printing another candle straight to the upside. For his part, the latter predicted that ZEC is gearing up for an explosion toward $2,000.
The Whales’ Activity Looknochain revealed that two major investors recently bet heavily on ZEC’s further upside. One opened an $18.6 million long position with 10x leverage, whereas the other entered an $18.9 million long under the same conditions.
You may also like: Zcash (ZEC) Gains 1,000% and Still Has Room to Grow, Grayscale Research Says Cardano’s NIGHT Will Be Bigger Than Zcash: Charles Hoskinson Zcash Tops $1,600 After Europe’s First ZEC ETP Debuts Such a development is generally considered bullish because it shows strong conviction from large investors, which can encourage smaller players to jump on the bandwagon and distribute fresh capital into the ecosystem.
Nonetheless, heavy leverage also raises the risk of a long squeeze, and if ZEC suddenly reverses course, cascading liquidations of overly risky positions could intensify selling pressure and accelerate the decline.
Grayscale zavedla pro deset produktů nepeněžní emise podílů, které oprávněným investorům umožňují směnit kryptoměny včetně Bitcoinu a Etherea přímo za podíly ve fondech.
Crypto asset manager Grayscale continues to take innovative steps regarding cryptocurrencies. In its latest announcement, Grayscale stated that it will allow investors to invest in spot cryptocurrencies like Bitcoin directly in exchange for shares in its ETFs and other investment products.
Accordingly, Grayscale has implemented an in-kind subscription model in 10 of its products, allowing investors to exchange eligible digital assets for direct investment product shares. The new model aims to facilitate the integration of crypto assets into traditional portfolio management.
The Need for Cash Conversion is Decreasing!
Grayscale has announced a new investment method for some of its investment products. This system allows investors to directly exchange their crypto assets for shares in Grayscale’s investment products without first having to convert them to cash.
The company stated that this method could reduce operational burdens stemming from custody and security processes, lower transaction costs in crypto markets, and facilitate the inclusion of digital assets in traditional investment portfolios.
10 Cryptocurrencies, Including Bitcoin and Ethereum, on the List!
According to Grayscale, the subscription service includes 10 investment products, including Bitcoin and Ethereum: “Bitcoin, Ethereum, Avalanche, Chainlink, Dogecoin, Hyperliquid, Solana, XRP, Sui, Zcash”
“Grayscale Bitcoin Mini Trust ETF (BTC)
Grayscale Ethereum Staking Mini ETF (ETH)
Grayscale Avalanche Staking ETF (GAVA)
Grayscale Chainlink Trust ETF (GLNK)
Grayscale Dogecoin Trust ETF (GDOG)
Grayscale Hyperliquid Staking ETF (HYPG)
Grayscale Solana Staking ETF (GSOL)
Grayscale Sui Staking ETF (GSUI)
Grayscale XRP Trust ETF (GXRP)
The Zcash ETF (ZCSH)”
Finally, according to Grayscale’s statement, the service is available to eligible investors. Clients wishing to trade on the primary market must work with authorized participants or the institutions that act as intermediaries for these participants.
*This is not investment advice.
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Faster blocks are the headline. The Sprout pool freeze, which would strand about $26 million of old coins, is the detail holders are checking
Zcash developers are due to decide today whether the NU7 network upgrade goes to mainnet and which block height activates it. Engineers from the Zcash Foundation, ZODL, Shielded Labs and other core teams are expected to settle the parameters, ahead of a November 5 target.
NU7's main change cuts the network's target block time from 75 seconds to 25 seconds, which would make confirmations roughly three times faster. It went live on the public testnet on October 4 at block 4,465,026, a couple of days ahead of the schedule the Zcash Foundation had published with the first Zebra release candidate. Developers have had about two weeks of testnet data to judge.
Zcash upgrades activate at a block height rather than on a calendar date, and no mainnet height has been set. Until one is assigned, November 5 is a plan, not a commitment, and today's call is where it either firms up or slips.
The part holders are watchingNU7 disables legacy version 4 transactions. That closes the oldest shielded pool, Sprout, which held about 22,309 ZEC on October 17, around $26 million and 0.13% of supply. Holders keep their keys but cannot spend those coins on the upgraded network unless they move them first. Coin holders backed the cutoff in an earlier vote. The upgrade specification, ZIP 259, leaves the mainnet reissuance height to be calculated once the activation height exists, so the deadline for migrating Sprout funds is not yet fixed.
The upgrade also introduces a Network Sustainability Mechanism that would route part of transaction fees into a reserve for future mining rewards. ZIP 259 warns that operators who do not run compatible software may stay online and follow the old rules, which makes the activation height a coordination point for exchanges, wallets and node operators.
What the price is doingZEC traded near $1,140 on October 19, about 29% below its late-September peak near $1,600. One analysis this week noted that the upgrade does not directly create token demand, so the decision matters more to operators than to the chart. Shielded transactions, meanwhile, recently reached as much as 56% of activity, a level not seen in years.
Where this fitsBlockhead covered the start of this run in August, when Zcash's nine-year losing streak against bitcoin ended. The coin has since had a sharp rally and a sharp retreat, and the upgrade is the next scheduled test of whether the project can ship technical changes on time while its price carries a premium.
What happens after the callDevelopers are expected to publish the activation height after the meeting. Exchanges and custodians that hold Sprout-era coins will want to confirm migration plans before then. A slip would push the dates back and leave the Sprout deadline open. A confirmed height starts a countdown for everyone running a node.
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In brief Zcash rose 8.5% in 24 hours to $1,215.85, the best performer among the largest tokens. Total crypto market cap climbed 1.68% to $2.78 trillion, while the Fear & Greed Index sits at a neutral 51. Oil near $110 a barrel and Treasury yields above 5% remain the main threat to the rebound. Crypto markets bounced on Tuesday, and Zcash led the rebound. The privacy coin rose 8.5% in 24 hours to $1,215.85, lifting its market capitalization to $20.57 billion.
Bitcoin gained 1.57% to $83,195, and Ethereum climbed 2.90% to $2,463.35. Nearly every major crypto asset that isn’t a stablecoin finished the day higher.
Myriad: How high will Bitcoin go? Click to make your prediction.The broader market followed. Total crypto market capitalization rose 1.68% to $2.78 trillion, and the CMC20 index, which tracks the 20 largest cryptocurrencies, gained 1.45% to $169.87 per unit, meaning the samller caps played a more relevant role in today’s surge. This was also expected after days of heavy losses, especially among the coins with the largest market capitalizations and most trading volume.
The bounce followed a rebound in tech. Chip and AI stocks recovered on Monday from last week's selloff, with the Nasdaq Composite gaining about 1.1%, and crypto has often moved in step with technology shares. Bitcoin also found buyers near $80,000 to $81,000
Money from traditional investors helped. Bitcoin and other crypto exchange-traded funds, which let investors hold the assets through a regular brokerage account, recorded net inflows of $526.7 million,. Monday's inflows were the biggest in a month.
Bitcoin ETF flows. Image: DecryptTreasury yields remain the main pressure point, with the 10-year note above 5%. A yield is the annual return investors demand for lending to the U.S. government. When it climbs, safe bonds compete with riskier assets like crypto and stocks for the same money.
The macro backdrop is still tense. Brent crude oil trades near $110 a barrel, and expensive oil feeds inflation by raising the cost of fuel, shipping and goods. Higher inflation raises the odds that the Federal Reserve keeps rates high or even raises them again, which pushes bond yields up. Higher yields pull money out of risk assets, so crypto tends to fall when oil spikes and rise when it cools.
Zcash outran everyone for several reasons. It had dropped about 25% over the past month, so the bounce partly reflects an oversold market in which traders who had borrowed to bet on higher prices were already forced out through liquidations. Liquidations happen when an exchange automatically closes a borrowed-money position after losses reach a set limit, which adds selling pressure. With that selling spent, the price had room to snap back.
Zcash price data. Image: Investing.comZcash also has its own set of potential catalysts. Developers are due to decide on the NU7 network upgrade today, and traders often buy ahead of such events. Privacy coins have also been strong lately. Competing privacy coin Monero is up 15.29% over seven days to $609.87.
Zcash is a high-beta asset, meaning it moves harder than the market in both directions. It’s up 8.5% today compared to Bitcoin's 1.57% gain. It is up only 1.17% over the last seven days, so the day's jump has not yet erased the month's decline.
Crypto market sentiment at the moment is broadly neutral. The Fear & Greed Index, a 0-to-100 gauge of market mood where lower readings mean fear and higher readings mean greed, reads 51. The CoinMarketCap Altcoin Season Index stands at 60. A reading of 75 or higher signals altcoin season, 25 or below signals Bitcoin season, and 60 sits in between, so neither camp has control.
The next test is policy. The Federal Reserve meets on October 27 and 28, and traders will watch whether it signals further rate hikes.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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Zodl otevřel čekací listinu pro aplikaci Vault pro macOS určenou k dlouhodobé vlastní správě shielded ZEC. Přístup do betaverze bude uvolňovat ve skupinách po 100 uživatelích.
Zodl has opened a waitlist for its macOS Vault app, with beta access planned in groups of 100 people for a product focused on long-term storage of shielded Zcash.
Summary
Zodl Vault lists macOS support for long-term self-custody of shielded ZEC.
Beta access will open in groups of 100 people.
An earlier Zodl update reported more than 4,100 beta signups.
The official waitlist page gives no public launch date or tester selection criteria.
Zodl’s official signup page states that prospective testers can register with an email address and will receive access through a staged rollout.
“Beta access opens one hundred people at a time.”
In its Oct. 14 newsletter, ZecHub described Vault as a desktop application for long-term self-custody of shielded ZEC and dated its introduction to Oct. 7. The publication linked the announcement to Zodl’s official account.
An Oct. 18 ZecHub ecosystem digest cited a Zodl update saying more than 4,100 people had signed up for the Vault beta. The figure represents registrations reported before that digest, rather than a current count of people using the application.
The official waitlist page gives the size of each admission group without specifying a public launch date or explaining how testers will be selected. Its macOS listing does not establish plans for Windows or Linux.
ZecHub’s Oct. 14 description referred to invitations being released in batches. The signup page itself describes how access will open, without confirming how many invitations have been sent.
Zodl’s mobile wallet already supports hardware signing
On its main website, Zodl describes its existing mobile wallet as a self-custody application whose users control their keys and funds. Its hardware-wallet instructions say users can connect a Keystone device, manage the associated funds through the app, and approve outgoing transactions on the hardware.
The mobile product accepts transparent ZEC and prompts users to shield an incoming transparent balance, according to the website. Once shielded, those funds can be used for private payments.
For cross-chain transfers, the company describes CrossPay as a way to send shielded ZEC while a recipient receives another asset, such as Bitcoin or a stablecoin. Its swaps use NEAR Intents to exchange between ZEC and supported cryptocurrencies.
Those descriptions concern the existing mobile app. The Vault registration page does not list equivalent payment, swap, or hardware-signing features.
As crypto.news previously reported on Feb. 17, the team announced the Zashi wallet’s rebrand to Zodl after leaving Electric Coin Company. Its Feb. 16 statement said the name change would arrive through an app update without changing wallet functionality, security, or user data.
Shielded ZEC balances provide separate network context
Zcash Stats recorded 4.96 million ZEC in shielded pools on Oct. 18, compared with 4.91 million ZEC 28 days earlier, according to Oct. 19 crypto.news coverage of shielded pool balances. The dashboard put the shielded share near 29.2% of circulating supply.
The tracker distinguishes coins held in shielded pools from transaction activity. Its aggregate figures do not identify individual holders or payment amounts.
Zakura has separately proposed a wallet feature that assigns a different incoming viewing key to each Zcash swap through NEAR Intents. In an Oct. 19 account of the wallet privacy proposal, developer Adam Tucker described the potential exposure of swap addresses permanently recorded on NEAR’s public blockchain.
According to Tucker, a sufficiently powerful future quantum computer could recover a viewing key from an exposed address and reveal payments associated with the account. His proposed design would limit the recovered information to a single swap while leaving the existing spending key unchanged.
Zakura said software wallets built with its libraries could begin integrating the feature in the coming weeks, with hardware-wallet support following later.
ETF Grayscale na ZEC zaznamenal během tří týdnů čistý odliv 143,43 milionu USD, zatímco otevřený zájem ve futures kontraktech na Zcash minulý měsíc klesl zhruba o 30 % na 2,36 miliardy USD.
Zcash showed signs of stabilization on Monday, edging higher after three straight weeks of declines knocked the privacy-focused digital asset down by around 30% from recent levels. ZEC traded near $1,165 following an 11% drop over the previous week, but overall market sentiment remained cautious amid persistent ETF outflows and declining participation in Zcash derivatives.
Grayscale ETF redemptions continueGrayscale, the asset manager known for launching cryptocurrency investment products targeting institutional and accredited investors, registered $19.15 million in net outflows last week from its ZEC-focused exchange-traded fund. This followed two consecutive weeks of larger redemptions totaling $30.72 million and $93.56 million. Over the past three weeks, withdrawals have accumulated to approximately $143.43 million.
Although the latest outflow was smaller than prior weeks, the sustained negative flow suggests that redemptions through the ETF are still outpacing fresh inflows. Grayscale’s ZEC fund remains one of the primary vehicles for traditional investors to gain exposure to Zcash through regulated markets.
Grayscale’s ZEC fund saw $143.43 million in outflows over three weeks, reflecting ongoing investor caution and a preference for liquidity amid market volatility.
A return of consistent positive inflows would signal renewed demand for Zcash among investment funds, but momentum has yet to shift decisively in that direction.
WeekGrayscale ZEC ETF Net OutflowCumulative Outflow3 weeks ago$93.56 million$93.56 million2 weeks ago$30.72 million$124.28 millionLast week$19.15 million$143.43 millionGrayscale is a digital currency asset management firm offering large-scale access to cryptocurrencies through investment trusts and ETFs.
Declining derivatives activityFutures market participation around Zcash has also waned. Data from analytics provider CoinGlass indicated a drop in ZEC futures open interest from $3.29 billion last month to $2.36 billion, a decline of about $930 million or roughly 30%.
Open interest tracks the notional value of outstanding futures contracts and a decline can signal lower trading activity or investor interest. However, falling prices themselves can also reduce the value of open positions, complicating the interpretation of the trend. The open interest figures, alongside ETF outflows, reinforce the overall picture of reduced market engagement with Zcash.
Mini dictionary: Open Interest – This term refers to the total notional value of all currently active (unsettled) contracts in the futures market for a given asset. A decrease in open interest often reflects reduced trading activity or market commitment.
ZEC technical resistance remainsThe Zcash daily trading chart shows the digital asset struggling to break above several critical resistance points. The coin remains below its 50-period Exponential Moving Average (EMA) at $1,184, which forms the first significant technical barrier for any bullish move.
Above this, a longer-term descending trendline near $1,229 and the 200-period EMA at $1,240 provide additional resistance. Clearing these levels would be required to signal a potentially broader trend reversal.
Technical momentum remains weak. The Moving Average Convergence Divergence (MACD) indicator is positioned just above its signal line but remains in negative territory, suggesting the current bullish move is not yet convincing. The Relative Strength Index (RSI) sits below 50, indicating momentum is neutral to bearish rather than favoring buyers.
On the downside, structural support lies around $1,050, marked by the September 4 high, followed by the key $1,000 threshold. Failure to hold these levels could draw Zcash down toward $888, last marked as a local high on August 23.
For now, ZEC’s modest recovery requires a move above $1,184 and further resistance zones to signal a meaningful reduction in selling pressure.
EMCD, global crypto mining pool, today launched a mining pool for Zcash (ZEC), The pool is live now for eligible miners worldwide.
The launch follows one of the strongest runs any proof-of-work coin has had in 2026. ZEC broke above $1,000 for the first time in early September, up roughly twenty-fold over the previous year, and network hashrate has grown more than 2.5x in the same period as miners redeployed hardware toward it. According to Grayscale Research, ZEC mining now generates roughly twice the daily revenue per device and four times the revenue per megawatt-hour of Bitcoin mining under current conditions.
EMCD said the decision to add ZEC was pulled by demand from its own user base as much as by the market: a share of its Bitcoin miners already own the ASIC hardware ZEC mining requires, and requests to support it had been building up through the platform’s support channels for months.
The new pool runs on a PPLNS payout model, which pays miners in proportion to shares actually submitted within a recent window rather than a flat rate — a structure EMCD said better reflects real contribution and resists pool-hopping. It carries a 1.5% pool fee and a 0.001 ZEC minimum payout. The pool is non-custodial: mined ZEC is sent directly to the miner’s own external wallet, with no built-in exchange, conversion or storage layered on top.
Payouts go only to transparent addresses; shielded and unified addresses are not supported, a design choice EMCD said keeps payout activity traceable and compatible with its KYC and geo-compliance checks.
As with the rest of the Zcash network, part of each block reward is directed to the protocol’s development fund rather than paid out to miners — a mechanism built into Zcash itself, not specific to EMCD.
Miners can connect to the new pool through EMCD’s existing dashboard, with support for worker monitoring and payout tracking.
“Zcash is the best-performing proof-of-work coin on the market right now, and that’s exactly the kind of opportunity our users have been asking us for,” – said Michael Jerlis CEO EMCD. – “A lot of our miners already own the hardware ZEC mining requires, and until now the only option was to run it on someone else’s pool. Now they can add it right alongside their BTC, LTC, DASH, ETC or KAS without opening a second account or learning new infrastructure. We built the ZEC pool the same way we build everything else: transparent on fees, and compliant with the markets we operate in, because that’s what lets miners trust the numbers we publish.”
About EMCD
EMCD is the global crypto mining pool and infrastructure provider. Founded in 2017 as an early industrial BTC mining operation in Europe, EMCD now serves users globally. With over 4% of global hashrate and a place in the global top ten, EMCD committed to security, reliability and transparency. EMCD’s mission is to make it simpler to build and earn digital assets. EMCD was recognised as Best Mining Pool by Coingape in 2026 and Finance Feeds in 2025.
Vývojář Zakura pro Zcash navrhl jednorázové příchozí zobrazovací klíče pro každý swap přes NEAR Intents, které mají omezit budoucí kvantové odhalení historie plateb.
Zcash infrastructure developer Zakura has proposed a new wallet security feature that would give each ZEC swap through NEAR Intents a separate viewing key to protect users’ transaction histories against potential future quantum computing attacks.
Summary
Zcash developer Zakura has proposed a new wallet feature that would assign a separate viewing key to every ZEC swap made through NEAR Intents.
The proposal addresses a privacy risk where publicly exposed Zcash addresses could allow future quantum computers to uncover a user’s historical payments.
Zakura’s design would limit any recovered viewing key to a single swap while keeping the wallet’s existing spending key unchanged.
The system would use private information retrieval to help wallets recover swap transactions without exposing their addresses to database operators.
Software wallets using Zakura’s libraries, including Vizor, could integrate the feature in the coming weeks, while hardware wallet support would follow later.
In an engineering post, Zakura developer Adam Tucker explained that the proposed system would prevent an attacker from using a single publicly exposed Zcash address to uncover payments received across a user’s shielded account.
The feature, called a one-time incoming viewing key, would generate a different key for every swap while keeping the wallet’s existing spending key unchanged. According to the team, wallets built using Zakura’s open-source libraries could begin integrating the feature in the coming weeks.
Zakura identified NEAR Intents as a particular concern because the cross-chain swapping service permanently publishes certain Zcash addresses on NEAR’s public blockchain, even when the transactions are completed without requiring refunds.
Although current computers cannot use the exposed information to recover the underlying viewing keys, the team warned that sufficiently powerful quantum computers could eventually do so.
Zcash swaps through NEAR Intents expose refund addresses
NEAR Intents allows users to exchange assets across different blockchains without manually managing each step of the transaction.
When someone exchanges shielded ZEC for USDC on Ethereum, their wallet sends ZEC to a deposit address associated with the service. The swap request contains a refund address where any unused ZEC can be returned.
According to Zakura’s technical explanation, the refund address is recorded on NEAR’s public blockchain once the deposit is registered.
The address remains publicly accessible even if the swap succeeds and the service never sends a refund.
Zcash wallets can normally generate multiple shielded addresses that appear unrelated. However, the addresses associated with a single account generally share an incoming viewing key, which allows the wallet to identify and decrypt payments sent to it.
The underlying cryptography uses elliptic-curve calculations that conventional computers cannot practically reverse.
Zakura warned that a sufficiently powerful quantum computer running Shor’s algorithm could theoretically recover the incoming viewing key from the public information contained in one exposed shielded address.
An attacker possessing the recovered key could then identify payments received by the account, including their amounts and attached private memos.
The exposure concerns transaction privacy, not direct control of the funds. Zcash uses separate cryptographic keys to authorize spending, meaning the recovered incoming viewing key would not itself allow an attacker to transfer the user’s ZEC.
The team explained that shielded transactions do not ordinarily publish the recipient’s address on the Zcash blockchain. However, publicly recorded swap addresses create a permanent source of information that a future attacker could collect.
The issue applies to swaps in both directions. Exchanges from ZEC into assets on other networks publish refund addresses, while swaps into ZEC publish the receiving shielded address.
Zcash’s use in cross-chain transactions has expanded beyond ordinary token transfers. In September, Aurora Intents processed more than $19 million across 1,718 swaps connected to the zkSNARKS auction, accounting for more than half of the assets converted and deposited into the ZEC-denominated sale.
The transactions used NEAR Intents solvers to convert assets from other networks into ZEC, while the destination-side bids remained shielded on Zcash.
Zakura’s proposed fix keeps spending under one account
Zakura’s proposed solution assigns a separate incoming viewing key to each swap address without requiring users to create a new wallet account every time.
Under the design, the wallet derives a new key using its existing account credentials, the intended purpose of the address and an index identifying the swap.
Each address would therefore have its own viewing key, while the original spending key continues controlling the funds received through all of them.
The engineering post explained that the process changes the randomized component used to derive an incoming viewing key. The account’s authorization and nullifier keys remain unchanged.
Zakura uses a keyed hash construction already employed by Zcash’s ZIP 32 key derivation system, with a separate domain identifier to distinguish swap keys from existing internal wallet keys.
According to the team, recovering one swap’s viewing key would reveal only payments associated with that address. Linking the recovered key to other swap addresses would require reversing the hash-based derivation.
Creating a completely separate Zcash account for every transaction could provide similar separation, but Zakura said the approach would cause problems for hardware wallet users.
Keystone’s Zcash implementation currently supports signing transactions only from account index 0, according to the post. Ledger can access multiple accounts but requires separate transactions and approvals when spending funds from different accounts.
A user who accumulated funds across numerous swap accounts could therefore face restrictions or repeated approval requests when attempting to spend them.
The proposed one-time key design would keep the funds spendable through the original account and its existing authorization process.
Zakura said its implementation would leave an encrypted note in the change output of an outgoing ZEC swap. The note records the index used to derive the refund address, allowing the wallet to reconstruct the appropriate key during recovery.
Once NEAR completes the swap, any unused ZEC returned to the designated address can be spent using the wallet’s normal spending key.
Wallet recovery uses private database searches
A separate part of Zakura’s proposal addresses the additional work created when a wallet needs to recover payments associated with hundreds of individual viewing keys.
Zcash wallets normally identify incoming payments by checking encrypted transaction outputs against their viewing keys.
Under the proposed design, every swap would generate another key that might need to be checked during wallet restoration.
According to the engineering post, repeatedly scanning the entire blockchain with each key would make recovery progressively slower as the number of swaps grows.
Zakura has proposed using private information retrieval, or PIR, to locate the relevant transactions without revealing the wallet’s addresses to the database operator.
The system relies on a specific feature of NEAR’s Zcash bridge. Its outgoing transactions use an all-zero outgoing viewing key, allowing the transactions to be indexed by their destination addresses.
A wallet restoring its transaction history would first download filters identifying addresses that may have received payments through the bridge.
The filters are downloaded in full, so the server does not learn which addresses belong to the user.
When a filter identifies a possible payment, the wallet would submit an encrypted database request using PIR. The server could return the location of the matching transaction without learning which address was queried.
Zakura said the system uses the same lattice-based private retrieval technique developed for its transparent wallet lookups and Zcash coinholder voting.
The recovery process differs slightly for swaps into ZEC because the receiving wallet does not create an outgoing Zcash transaction containing a record of the address index.
In those cases, the wallet would generate addresses in sequence and check them against published filters until it encountered 30 consecutive addresses that had neither received payments nor been supplied to NEAR.
The team said abandoned swap quotes would not cause addresses to be reused, since each new transaction receives an address that NEAR has not previously encountered.
Zcash quantum protection remains under development
Zakura’s proposal arrives as Zcash developers prepare separate protections against future quantum attacks on transaction signatures.
As crypto.news previously reported, developers have targeted January 2027 for introducing post-quantum signature instructions that would allow transparent Zcash transactions to use hash-based signatures.
The proposed instructions would address a different security concern from the one-time viewing keys. They are intended to protect spending authorization, while Zakura’s latest design focuses on preventing historical shielded payments from becoming linked through an exposed address.
Approximately 11.96 million ZEC, representing roughly 70% of the issued supply as of Oct. 8, was held in transparent addresses, according to the earlier reporting.
Zcash’s July Ironwood network upgrade introduced quantum-recoverable notes through ZIP 2005, allowing a future recovery mechanism to be developed if advances in quantum computing threaten existing cryptographic protections.
However, the feature did not independently make the network quantum-secure, as a separate recovery protocol would still need to be designed and activated.
Concerns over quantum attacks have received attention following Google’s latest research involving its Willow processor.
On Oct. 15, Google reported a 40-fold reduction in quantum computing errors using a technique known as magic state cultivation.
The experiment achieved 99.99% logical fidelity under the researchers’ testing method, although it did not demonstrate an attack against Bitcoin, Zcash or other cryptocurrency networks.
No quantum computer capable of recovering the elliptic-curve keys used by Zcash has been publicly demonstrated.
Zakura has not announced a confirmed release date for its one-time viewing key feature. The team expects software wallets using its cryptographic libraries, including Vizor, to begin integrating the design in the coming weeks.
Hardware wallet support will follow once the relevant firmware can accommodate the new key derivation process.
Zakura spustila na testnetu Zcash experimentální síťovou vrstvu P2P v2 postavenou na protokolu QUIC, která má urychlit šíření bloků. Dlouhodobým cílem je dosáhnout 50 000 transakcí za sekundu.
Zakura has launched P2Pv2, an experimental networking layer for Zcash (ZEC) built on QUIC. It runs on Testnet by default, with Mainnet support planned later.
Zakura (@ZakuraZcash) has launched P2Pv2, an experimental networking layer designed to improve block propagation on Zcash (@Zcash) $ZEC. The upgrade is aimed at one of the main constraints on scaling the privacy-focused network: how quickly full nodes can exchange block data.
P2Pv2 runs alongside the existing peer-to-peer network layer. Mainnet support is planned for a later stage.
What P2Pv2 changes
The design also adds more control over resources.
The Visa-scale targetThe longer-term goal is to help Zcash scale toward 50,000 transactions per second.
Zakura is a full node implementation that launched earlier this year.
Risks and statusThe upgrade is still early.
For now, the testing phase on Testnet will show whether the new networking layer can deliver on those goals before any move to Mainnet.
Starknet aktivoval STRK20, který u aktiv ERC-20 umožňuje skrýt zůstatky, odesílatele, příjemce i částky a zároveň selektivně zpřístupnit údaje pro audit.
Starknet now offers programmable private money, the kind of confidential digital cash Zcash pioneered, through its new privacy features.
The effort runs on two tracks. One is STRK20, a token privacy framework that is live on Starknet, the Ethereum layer 2 network. The other is Ztarknet, a project still in development that would bring Starknet’s execution engine to Zcash as its own layer 2.
What STRK20 actually does STRK20 is a framework for token-level privacy. It applies to any ERC-20-like asset, the standard format for most tokens in the Ethereum ecosystem.
Once a token uses STRK20, its balances and transfers can be confidential. The sender, the receiver, and the amount can all be hidden from public view.
The framework supports DeFi activity such as swaps, lending, and staking while keeping transaction details private.
Compliance is built in through two mechanisms: viewing keys and selective disclosure. A viewing key lets an authorized party, such as an auditor, see transaction details that remain hidden from everyone else. Selective disclosure allows a user to prove specific facts about their activity to a specific party without exposing everything to the entire network.
The research describes the result as enabling Zcash-like private assets directly on Starknet. The first major asset to use STRK20 is strkBTC, a shielded form of Bitcoin on the network.
The road from testnet to mainnet By November 2025, the Ztarknet testnet had launched with a live explorer. It demonstrated verification of Circle STARK proofs on a modified Zcash testnet.
Then came Starknet v0.14.2 in April 2026. The upgrade enabled native STARK proof verification through a proposal called SNIP-36, which laid the groundwork for STRK20.
STRK20 itself was activated by June 2026.
Ztarknet remains in development. Its design uses ZEC, Zcash’s native token, to pay settlement fees on the Zcash base layer. It relies on the Madara sequencer, which orders transactions, and the Stwo prover, which generates the STARK proofs. Ztarknet is designed to operate without changing Zcash’s existing shielded pools.
Why the Starknet and Zcash overlap matters Eli Ben-Sasson and Zooko Wilcox, two prominent figures in blockchain and privacy, are heavily involved in both efforts.
What this means for privacy in crypto STRK20’s viewing keys and selective disclosure are designed to address compliance concerns that have historically put pressure on privacy coins. The research suggests that as privacy rules tighten globally, platforms offering compliant private transactions are likely to draw institutional interest.
For DeFi, public blockchains broadcast every trade, which exposes users to front-running and makes large positions easy to track. Confidential swaps and lending could make onchain finance more workable for anyone who prefers not to show their hand.
The key milestones ahead sit with Ztarknet. Watch for progress from testnet toward production, how ZEC-based settlement performs in practice, and whether developers actually build on it.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
The Zcash (ZEC) price has once again stayed in negative territory today after recording a robust run over the past few months. Notably, the recent decline could be attributed to a topsy-turvy scenario in the broader crypto market.
Amid this, Gemini co-founder Tyler Winklevoss said that the privacy coin is still likely to be in its early stage, in terms of adoption. On the other hand, a recent report from a renowned market expert showed that the hackers are leaning towards Zcash (ZEC) for money laundering, which has sparked discussions among market participants.
Gemini Co-Founder Says Zcash is in Early Stages
Tyler Winklevoss, co-founder of crypto exchange Gemini, recently highlighted the limited adoption of Zcash among mainstream crypto participants. His remarks came after a discussion at TOKEN2049, where his twin brother Cameron Winklevoss asked attendees about their ZEC holdings.
According to Tyler, only around 10 people raised their hands among “thousands of people” present in the “room”. He viewed the response as evidence that Zcash adoption is still in the early stage, which has gained notable traction from market participants.
Source: X
Meanwhile, the observation has also sparked discussions on the long-term potential of the privacy coin. For context, Zcash (ZEC) price has recorded gains of over 425% over the past 12 months, indicating robust interest from investors towards the asset.
However, despite its recent market performance, Zcash may still have considerable room to expand its user base, as hinted by the Gemini co-founder. Notably, Zcash distinguishes itself through privacy features that allow users to shield transaction details.
Although this capability appeals to individuals seeking greater financial confidentiality, it also creates challenges for investigators attempting to trace suspicious transfers. Meanwhile, it’s worth noting that Winklevoss Asset Services has recently filed for a Spot Zcash ETF with the US SEC, highlighting their growing interest into the asset.
Hackers Increasingly Turn to ZEC for Stolen Funds
While the Gemini co-founder highlighted the adoption potential of Zcash, a separate report raised concerns about its use in illicit financial activity. Wu Blockchain reported that on-chain analyst Specter observed that more threat actors or hackers are moving stolen assets into ZEC.
Meanwhile, the report followed blockchain investigator ZachXBT’s disclosure concerning the Bitget exploiter, who allegedly used Zcash to shield stolen assets. Subsequent transactions reportedly involved funds linked to the Cryptobills Ledger security incident and the $12 million Triple-A exploit.
These developments suggest that attackers may be exploiting privacy features to complicate fund tracing. However, the reported transactions do not establish that Zcash itself is responsible for the underlying crimes.
Spotové ETF navázané na Zcash zaznamenaly 14. října první denní čistý příliv od 22. září ve výši 3,68 milionu USD. Týdenní toky však zůstávají záporné.
Spot Zcash ETFs recorded their first daily net inflow since September 22, taking in $3.68 million on October 14, but weekly flows remain negative.
Spot Zcash ($ZEC) exchange-traded funds have recorded their first daily net inflow since September 22, a possible sign that investor demand for the privacy coin is returning after a weak stretch.
On October 14, the products took in $3.68 million, according to a Tokenpost report carried by Pluang. The same report said Zcash ETFs were the larger of two inflow stories that day, ahead of XRP funds, which drew $740,400. It also put Zcash ETF net assets at $645 million, with $179 million in cumulative inflows.
Weekly flows still negativeThe inflow is not large enough to turn the week positive. The funds would need strong sessions on Thursday and Friday to avoid a third consecutive week of net outflows.
The market backdrop has been uneven. Invezz reported on October 14 that ZEC was trading around $1,264 after gains on Tuesday and Wednesday, but that persistent withdrawals from Grayscale's Zcash fund were still weighing on demand. A later KuCoin market note said ZEC fell below $1,115 on Thursday, with macro pressure outweighing the isolated ETF inflow.
Background on the Zcash ETFThe main product is Grayscale's The Zcash ETF (ticker ZCSH). According to a Grayscale filing with the SEC, the fund launched on NYSE Arca on August 25, 2026, and its assets under management passed $500 million by September 8. The same filing said ZCSH was the only exchange-traded product offering spot exposure to ZEC at the time. It also noted that an investment in the fund is not a direct investment in ZEC.
ZCSH converted from the Grayscale Zcash Trust, which had traded over the counter. Its prospectus shows the trust historically traded at large premiums and discounts to the value of its holdings, a gap that the ETF structure is designed to narrow through share creation and redemption.
For now, a single day of inflows after weeks of weakness is a modest data point. Whether it marks a shift in sentiment will depend on flows over the coming sessions and on broader market conditions.
Sources
Pluang/Tokenpost: U.S. XRP and Zcash ETFs see $4.42M net inflows on Oct 14SEC filing: The Zcash ETF (ZCSH) press release, Form 8-KInvezz: Zcash jumps 6% in two days despite fresh Grayscale outflows
Fortitude Mining Holdings u Zcash překonala hash rate 5,0 GSol/s. Objednávka 9 000 těžebních zařízení Bitmain má zvýšit kapacitu o 145 % na přibližně 12,8 GSol/s.
Fortitude Mining Holdings has pushed its Zcash hashrate past 5.0 GSol/s, a milestone the company reached as of October 15, 2026.
The goal is ambitious: Fortitude wants to cement its position as the largest vertically integrated Zcash mining platform.
The jump came quickly. Earlier in October, the company’s hashrate sat at approximately 4.7 GSol/s.
What 5 GSol/s actually means Zcash runs on an algorithm called Equihash, so its hashrate is measured in “solutions per second” rather than the hashes per second Bitcoin miners talk about. A GSol/s is one billion of those solutions every second.
Fortitude’s slice of the Zcash pie is already substantial. In the first half of 2026, the company mined 72,696 ZEC, which works out to roughly 28% of network production over that period.
The operation runs across seven US sites with over 60 MW of power capacity under contract.
The Bitmain shopping spree In July 2026, the company placed an order for 9,000 Bitmain Antminer Z15 Pro miners. The price tag was about $31.5 million.
Those machines are expected to add 7.56 GSol/s to Fortitude’s fleet. The company projects that the order will lift capacity by 145%, taking its total to approximately 12.8 GSol/s.
In October 2026, Fortitude signed a letter of intent with Bitmain covering up to $100 million in next-generation mining equipment.
The commitment is non-binding. The planned $20 million refundable deposit for that deal is set to be paid in ZEC, rather than dollars.
The Hut 8 connection and the road to TUDE Fortitude is led by CEO Jaime Leverton, who previously ran Hut 8.
The company is preparing for a listing under the proposed ticker TUDE.
Alongside the listing preparation, Fortitude has been upsizing its credit facility and gearing up for acquisitions.
What this means for Zcash and investors A single operator producing around 28% of network output in the first half of the year is meaningful, and planned expansion could push that share higher if competitors do not keep pace.
The July order is expected to deliver a 145% capacity increase. Delivery timing, installation, and power availability all have to line up for those projections to become reality.
The Bitmain letter of intent carries even more uncertainty. Up to $100 million is a headline-friendly number, but a non-binding agreement can shrink, shift, or disappear before money changes hands.
The items to watch from here: whether the Z15 Pro fleet comes online and lifts hashrate toward the approximately 12.8 GSol/s target, whether the Bitmain letter of intent converts into a binding order, and how the TUDE listing and any acquisitions reshape the company’s balance sheet.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Spoluzakladatel Zcash Eli Ben-Sasson označil cenu 2 000 USD za ZEC za samozřejmou a v dlouhodobém horizontu očekává 5 000 USD. ZEC za 24 hodin klesl o 10,23 % na 1 098 USD.
Zcash cofounder Eli Ben-Sasson renewed his optimistic outlook for the ZEC token, suggesting in a recent X post that a $2,000 price target is a “no-brainer” and projecting a potential climb to $5,000 over the long term. Ben-Sasson’s remarks addressed possible scenarios for ZEC in 2026.
Zcash recent price actionZcash, a privacy-focused cryptocurrency designed to provide anonymous transactions, surged to $1,696 on September 26, reaching its highest point in months after a sustained rally. However, the price has since lost momentum. As of the latest data, ZEC traded at $1,098, reflecting a decline of 10.23% over the past 24 hours. The broader crypto market experienced widespread selling following new inflation data that spurred concerns about potential Federal Reserve interest rate hikes this month.
To reach Ben-Sasson’s $2,000 target, ZEC would need to increase by more than 82% from its current price. The path forward may prove challenging if current market headwinds persist.
Technical levels and market sentimentThe recent pullback pushed Zcash below its daily MA 50, a moving average that had previously supported price increases during August 2026. Regaining this technical level could encourage bullish traders to drive the price higher and test resistance in the $1,300 to $1,400 range, with further upside toward $1,700 and potentially $2,000 if momentum continues.
Zcash needs to reclaim key technical support before bulls can attempt a rally toward $1,700 and $2,000.
Santiment analytics reported that ZEC gained approximately 48% between September 15 and September 26, 2026. However, by October 14, the token had lost nearly all those gains.
During this period, open interest in ZEC peaked at 1.60 million coins. By October 14, open interest had fallen by 2.5% compared to mid-September. Social volume also dropped significantly, with a high of 671 ZEC mentions during the rally, falling to just 50 on October 14, marking the quietest day since September 2. Despite the declining attention and reduced leverage, ZEC rose past $1,650 during the rally.
DateZEC PriceOpen InterestSocial MentionsSep 15, 2026~$1,1461.60 million ZEC–Sep 26, 2026$1,696 (peak)–671Oct 14, 2026~$1,0982.5% below Sep 1550 (quietest since Sep 2)Upgrade and market outlookA mainnet decision on the Zcash NU7 upgrade is expected on October 20, 2026. Despite this upcoming event, social dominance statistics for ZEC are at their lowest since early September, indicating subdued interest from the online community.
Eli Ben-Sasson’s bullish forecast keeps a spotlight on ZEC, though the market awaits further catalyst events and technical confirmation to support a renewed rally.
Mini dictionary: NU7 upgrade, the next major protocol update for Zcash, aims to implement technical improvements to enhance privacy, efficiency, and network functionality. Each upgrade on the Zcash network is designated “Network Upgrade” followed by a sequential number. NU7 is scheduled for a mainnet activation decision in October 2026.
Online metrics show declining social buzz around Zcash, even during rapid price movement, as open interest also recedes since last month’s peak.
ZEC klesl z maxima 1 650 USD dosaženého 26. září na zhruba 1 145 USD k 14. říjnu, tedy o přibližně 30 %. O spuštění upgradu NU7 na mainnetu se rozhodne 20. října.
Zcash price prediction just got trickier. ZEC surged roughly 48% between September 15 and September 26, then surrendered nearly all those gains by October 14. Now, with the NU7 upgrade’s mainnet decision scheduled for October 20, attention has faded just as the next catalyst approaches.
ZEC’s Rally Lost Steam After SeptemberZEC’s daily closing price peaked at $1,650 on September 26. By October 14, it had fallen around 30% from that high, closing at $1,145 only about 3% above its September 15 starting point.
That’s a dramatic round trip. The rally looked impressive on the way up, but the latest figures show how little of that move remained. Anyone treating the September surge as a durable breakout has a tougher chart to defend now.
Open Interest and Social Buzz Peaked Earlier$ZEC ran about 48% from Sep 15 to Sep 26 and had handed back nearly all of it by Oct 14. Santiment data shows open interest in coins peaked first on Sep 17, then social volume on Sep 18, and finally the daily price close on Sep 26. The $1,145 close on Oct 14 sat about 3% above… pic.twitter.com/Ub3oxmfBRv
— Santiment Intelligence (@SantimentData) October 15, 2026 Santiment data shows open interest in coins peaked first, reaching 1.60 million ZEC on September 17. Social volume followed on September 18, topping out at 671 mentions. Price didn’t reach its closing high until September 26.
In other words, leverage and online attention peaked before the market did. ZEC continued climbing even as both measures had moved past their highs. By October 14, open interest was 2.5% below its September 15 level, while social volume had dropped to just 50 mentions, the quietest reading since September 2.
NU7 Decision Arrives as Attention FadesThe upcoming Zcash NU7 mainnet decision is now the next date to watch. It lands on October 20, with social volume at its lowest point since early September.
That doesn’t automatically mean a rebound is coming. Nor does weak attention prove another decline is inevitable. The immediate question is whether the upgrade decision changes market interest after ZEC gave back almost the entire rally.
For now, the Zcash price prediction hinges on whether the NU7 decision can revive attention and price momentum or whether September’s surge remains a short-lived move that failed to hold.
Story Ends Here
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Zcash Names spustil předběžný přístup k názvům pro stíněné platby, které nahrazují dlouhé adresy uživatelskými jmény a zachovávají soukromí odesílatele, příjemce i převáděné částky.
People can send shielded Zcash using names such as alice instead of copying long addresses or scanning QR codes, bringing private peer-to-peer payments closer to the experience of payment apps.
HOUSTON, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Zcash Names opens Early Access today, giving people who reserved names the first opportunity to register them and use names such as alice instead of long Zcash addresses.
A Zcash name makes sending private digital money more like sending money to a username in a payment app. A sender can enter a name in their Zcash wallet instead of copying a long address or scanning a QR code.
Payments use Zcash's shielded system, allowing the name to be shared publicly while keeping the sender, receiver, and amount hidden from public view on the blockchain.
Zcash Names is intended to close one of the usability gaps between cryptocurrency and payment apps while allowing peer-to-peer payments without a financial intermediary.
Fourteen wallets, explorers, and other apps, including Cake, Edge, Noir, and Zingo, integrated Zcash Names during earlier beta releases. A name can be used across participating apps rather than being tied to one wallet. An SDK is available to support integrations, and an explorer lets people resolve names to addresses and view the history of a name.
Early Access and Registration
Early Access begins October 15, 2026, at 12:00 p.m. Eastern for people who reserved a name.
Reservations cost 0.005 ZEC and provide access to the registration queue. Reservations can be made until the queue closes.
Yearly registration starts at $20 for names of six characters or longer and increases for shorter names, up to $10,000 a year for a single-character name. Permanent registration costs three times the yearly price.
Open registration begins on October 30 or after all reserved participants have had an opportunity to register, whichever comes later.
As of publication, 10,802 names had been added to the waitlist since April. Of those, 973 had paid reservations since August 18.
Another 1,564 names are protected from public registration to reduce impersonation and name squatting. That group includes prominent names already registered through the Ethereum Name Service (ENS).
How Zcash Names Works
Zcash does not support general-purpose smart contracts, so Zcash Names uses Zcash transactions to record who controls a name.
When the Zcash Names registrar accepts a registration or update, it records the name's current state on Zcash, including its associated address, expiration, and a link to the previous state. Wallets use those records to determine who currently controls the name.
The name, the address it resolves to, and the history of registrations, updates, and releases are public. Payments made to a shielded Zcash address can remain shielded.
The registrar processes claims inside a trusted execution environment, a protected computing environment that restricts access to the software and data used in that process.
A Zcash-native naming system was also discussed at TOKEN2049 Singapore 2026. During "The Zcash Moment" on the OKX Main Stage on October 7, Balaji Srinivasan, founder of The Network State, said, “The next step will eventually be something like ZNS, which has all those good properties, but then has various levels of selective revelation with viewing keys." Video of the remarks is available at https://x.com/ZcashNames/status/2107811296129515548.
Logos, current waitlist figures, and more information about the design are available at https://www.zcashnames.com/press.
About Zcash Names
Zcash Names is a naming protocol for shielded Zcash addresses. It lets people use human-readable names in place of long addresses when sending Zcash through supported wallets and apps.
It succeeds ZECpages, the directory James Joseph started in 2020, and draws on ZcashMe, which lets users prove control of a Zcash address, something Zcash does not support natively. In 2026, the naming system moved on-chain.
The protocol is developed by James Joseph, Julian Abraham, and Lana Ivina. Zcash Community Grants has funded development of Zcash Names and a Zcash program at Network School.
For more information, visit: zcashnames.com
Media Contact
James Joseph, CEO/Founder
ZcashMe, Inc.
[email protected]
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Výzkumnice Tayvano vystopovala přibližně 100 až 103 milionů USD ukradených při útoku na dodavatelský řetězec společnosti Ledger prostřednictvím poplatků za gas; soukromí Zcash nebylo prolomeno.
Researcher Tayvano has traced roughly $100 million to $103 million in stolen crypto tied to a supply-chain attack on Ledger hardware wallets sold through CryptoBilis. She was careful to say how she did it: Zcash’s privacy was not broken.
The trail came from gas payments. The attacker covered transaction fees from an associated wallet, and that one habit tied the operation together.
How the trail came together The scale of the theft is large. The research findings put the Ledger drainer incident at approximately $103.4 million in stolen assets.
Those funds were spread across roughly 530 addresses on seven different blockchains.
About three-quarters of the looted value sat in USDT on the Tron network. The rest was spread across other chains and assets.
Investigators also identified wallets holding approximately $38.6 million in ETH and $16.9 million in BTC. Tether, the issuer of USDT, froze $10 million of the stablecoin linked to the theft.
According to the research findings, the attacker’s decision to use an affiliated wallet for gas payments became the main link between the many addresses. By analyzing who funded those fees, researchers mapped out the attacker’s infrastructure.
What happened on the Zcash side Zcash is a privacy coin. Its shielded transactions are designed to hide the sender, the receiver and the amount from public view.
Tayvano stressed that those protections held. Nobody cracked the underlying math.
Instead, the Zcash portion of the trail was traced by matching 108 exact value exits to incoming batches. In plain terms, funds went into the shielded pool in certain amounts and came out in identical amounts, and the pattern lined up.
That distinction matters. A flaw in Zcash’s cryptography would be a protocol-level problem for every user. A pattern left by one careless operator is a lesson in operational security.
Background: a supply-chain attack, not a wallet hack The theft traces back to Ledger hardware wallets sold via CryptoBilis. That makes it a supply-chain attack, where the compromise happens somewhere along the path between the product and the buyer.
Once the funds were drained, the attacker had a familiar problem. Stolen crypto is visible on public ledgers, so the goal becomes scattering it, swapping it and routing parts of it through privacy tools until the trail goes cold.
Spreading value across roughly 530 addresses and seven chains fits that playbook. So does routing part of it through a privacy coin.
What this means For stablecoin issuers, Tether’s $10 million freeze shows a different kind of leverage. With about three-quarters of the stolen value sitting in USDT on Tron, a centrally issued token gave investigators a choke point that a decentralized asset would not.
For investigators, the case reinforces that metadata often matters more than encryption. Fee funding, timing and amount patterns can link addresses even when the transactions themselves are hidden.
The remaining questions are practical ones. How much of the roughly $103.4 million can actually be recovered, and whether the identified ETH and BTC holdings can be frozen or seized, will determine whether this tracing work turns into money back in victims’ pockets.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Cena Zcashe za dva dny vzrostla o 6 % na zhruba 1 264 USD, zatímco fond ZCSH společnosti Grayscale zaznamenal v úterý čistý odliv ve výši 5,19 milionu USD.
Zcash (ZEC) gained 2% on Wednesday, extending the previous day’s 4% rally and recovering much of Monday’s losses. The privacy-focused cryptocurrency traded near $1,264 as buyers attempted to surpass nearby resistance levels, yet persistent outflows from Grayscale’s ZCSH fund continued to create uncertainty for demand.
Ongoing withdrawals from Grayscale’s ZCSH fundGrayscale, a major digital asset management company known for its crypto investment products, recorded $5.19 million in net outflows from its ZCSH fund on Tuesday. The fund, which offers institutional exposure to Zcash, also saw $1.66 million withdrawn on Monday and a total of $30.72 million in redemptions over the previous week. This brings net withdrawals for the opening two days of the week to $6.85 million.
The selling pressure has persisted since late September, following Grayscale’s three-for-one share split in the ZCSH fund on September 30. While the timing of the split coincides with increased redemptions, there is no direct evidence linking the two events.
These figures indicate that, despite the recent rebound in ZEC’s spot price, institutional investors have not increased their exposure through the fund. Redemptions remain a challenge as traders monitor whether the latest advance in price can evolve into a longer-term recovery.
For a turnaround in institutional demand, a reduction in fund outflows or a return to net positive inflows would offer clearer confirmation of renewed interest alongside rising price momentum.
Persistent redemptions from Grayscale’s ZCSH fund highlight ongoing caution among institutional investors, which continues to affect the market’s demand outlook for Zcash.
Mini dictionary: Grayscale is a leading digital asset management company that offers investment products allowing institutional and accredited investors exposure to cryptocurrencies such as Bitcoin, Ethereum, and Zcash without direct ownership.
DateZCSH Fund Net OutflowsMonday$1.66 millionTuesday$5.19 millionPrevious week$30.72 millionTechnical outlook for Zcash: Key resistance at $1,320ZEC has rebounded from Tuesday’s low near $1,123 and is now testing its 50-period and 200-period exponential moving averages on the four-hour chart. These averages are positioned at approximately $1,261 and $1,269, respectively. With ZEC trading at $1,264, the token sits above the shorter-term average but remains just below the longer-term threshold.
A confirmed break above this moving-average band could bolster the bullish recovery in the near term. Conversely, failure to hold this zone leaves ZEC vulnerable to renewed selling pressure. Stronger validation of the recovery would require ZEC to surpass and establish support above $1,320, which marks Monday’s local high.
If ZEC manages to clear $1,320, analysts identify $1,422—September 18’s low—as the next major resistance. However, if momentum fades, support may be found at Thursday’s low near $1,115, with additional support at $1,050 (the September 4 high) and the psychological $1,000 mark.
Momentum indicators present a mixed picture: the Relative Strength Index stands at 48, slightly below its neutral midpoint, while the Moving Average Convergence Divergence metric is marginally bullish.
The technical structure for Zcash remains uncertain, with immediate outlooks tied closely to whether buyers can sustain momentum above the moving-average zone and break through $1,320 resistance.
Mini dictionary: The Relative Strength Index (RSI) is a technical indicator measuring the speed and change of price movements to assess whether a cryptocurrency is overbought or oversold. The Moving Average Convergence Divergence (MACD) is another technical tool used to identify trend direction and potential momentum shifts by comparing two moving averages of a security’s price.
Key LevelPrice ($)Significance50-period EMA1,261Short-term resistance/support200-period EMA1,269Long-term resistance/supportMonday local high1,320Breakout targetNext upside target1,422Major resistanceImmediate support1,115Recent lowNext support1,050September 4 highPsychological support1,000Round number thresholdZcash’s near-term direction depends on buyers’ ability to sustain momentum and overcome resistance. A breakout above $1,320 would reinforce the recovery, while failure could expose support zones below.
Zcash během pondělní seance klesl o 8,5 % po likvidaci pákových pozic v objemu 19,9 milionu USD. Zcash Foundation zahájila přípravy na testnet pro upgrade NU7.
Zcash (ZEC) experienced a sharp 8.5% decline during a volatile Monday trading session, compounding losses that have left the privacy-focused cryptocurrency trading approximately 26% below its September high. After closing at $1,653.12 on September 26, ZEC slipped to around $1,167 on Monday and partially recovered to $1,215 by October 13, yet remains far from recent peak levels.
Leveraged liquidations deepen Zcash lossesThe latest downturn came amid widespread weakness in digital assets, triggered by Bitcoin‘s drop toward $81,000 and cautious positioning by traders ahead of new U.S. inflation data. Leveraged investors, particularly those using derivatives, were forced to close out positions as price drops accelerated liquidations totaling $19.9 million in a short period.
Zcash has seen substantial speculative activity, with derivatives trading volume topping $5.46 billion in just 24 hours. While such high volumes can amplify volatility, traders relying on borrowed funds are often vulnerable to steep reversals during sharp sell-offs.
Zcash derivatives trading surged to $5.46 billion in a single day, intensifying volatility as margin calls triggered rapid liquidations and drove price declines.
As traders reassess market risk, attention has shifted to key technical support zones. Binance’s historical pricing data shows ZEC temporarily traded near $1,124 on October 13, putting the $1,100-$1,125 range in focus for potential stabilization. A decisive move below this region would expose the critical $1,000 level, while a rebound toward $1,300 could signal a return to the early October trading range.
DateZEC PriceSupport/Resistance ZoneSeptember 26$1,653.12PeakOctober 13$1,124-$1,215SupportOctober (Early)$1,300Possible ResistanceCurrent$1,167Potential SupportDespite the latest correction, Zcash continues to trade well above levels seen at the start of 2026. However, the recent speed of its decline highlights the risks of speculative momentum in volatile cryptocurrency markets.
NU7 upgrade and future outlookThe current pullback serves as a backdrop to Zcash’s upcoming NU7 upgrade, a significant development for the network. The Zcash Foundation, an organization guiding the evolution of the Zcash protocol, has begun testnet preparations for NU7. This upgrade proposes reducing average block spacing from 75 seconds to 25 seconds, a move intended to improve transaction throughput.
Alongside block interval changes, NU7 would introduce new fee structures and mechanisms aimed at increasing network sustainability. A mainnet activation decision is expected by October 20, with plans for a November 5 deployment if approved.
Mini dictionary: Zcash Foundation, a nonprofit organization, supports the development and maintenance of the Zcash network and its privacy technologies. Zcash employs zero-knowledge proofs known as zk-SNARKs, offering users the option of shielded or transparent transactions.
Market participants are closely monitoring these technical changes, viewing them as potential catalysts that could influence Zcash’s price direction in the coming weeks.
Zcash maintained its upward momentum on Monday, trading above $1,320 following a 4% rally the previous day and marking its third consecutive session of gains. The recent rebound comes even as Grayscale’s Zcash-focused exchange-traded fund registered continued investor withdrawals, raising questions about the sustainability of this uptrend.
ETF outflows persist despite price recoveryGrayscale, a major digital asset management firm, operates ZCSH, an exchange-traded fund offering exposure to Zcash. Last week, ZCSH recorded net outflows of $30.72 million, according to data from SoSoValue. Although this figure marked a slowdown from the previous week’s $93.56 million outflow, total withdrawals over the two-week period reached $124.28 million.
This recent wave of outflows followed a three-for-one share split completed by the fund last month. While the timing of the redemptions coincided with the split, there is no direct evidence linking the two events. The ongoing withdrawals signal that investor demand for ZCSH remains subdued, despite the current upward movement in Zcash’s price.
Nevertheless, the reduction in selling pressure suggests that the worst of the redemptions may be easing, at least for now.
Mini dictionary: Grayscale is a leading digital asset management company offering cryptocurrency investment products tailored for institutional investors, including single-asset funds and diversified crypto index funds.
Key technical levels guide Zcash outlookIn recent sessions, Zcash traded above a closely packed cluster of exponential moving averages on the four-hour chart, with the 50-period EMA near $1,279 and the 200-period EMA just below at $1,274. With ZEC quoted north of $1,320, the price is currently above both moving averages, suggesting buyers have regained some control.
The 50-period EMA is drifting lower and nearing a crossover beneath the 200-period EMA, which, if completed, would reinforce a more cautious short-term technical view. However, this crossover has not yet occurred.
Recently, bulls pushed through resistance near $1,296, which previously marked the September 9 high. This area is likely to serve as support if the uptrend holds. Momentum indicators have strengthened alongside the rebound. The Relative Strength Index (RSI) sits near 51, slightly above the neutral midpoint, indicating some strengthening in buyer positioning. The Moving Average Convergence Divergence (MACD) is also rising, adding to the positive outlook in the near term.
IndicatorCurrent ValueReference Level50-period EMA$1,279Short-term support/resistance200-period EMA$1,274Medium-term support/resistanceResistance$1,296September 9 highPotential Target$1,422September 18 lowDownside Risk$1,050September 4 highZcash is trading above key short-term moving averages, with momentum indicators turning more positive. But persistent ETF outflows and nearby technical resistance levels continue to test the strength of the recovery.
Upside target at $1,422, with $1,050 as downside riskA clear breakout above both the moving average cluster around $1,279 and the $1,296 resistance could shift the technical outlook, potentially setting up a move toward the $1,422 target, which corresponds to the September 18 low. Sustained buying interest would be needed to firmly establish the uptrend beyond these levels.
Should Zcash face renewed rejection around the current resistance, however, the risk of another decline toward the $1,050 level emerges. This price was last seen at the September 4 high and would represent a drop of about 18% from $1,278. Despite strengthening momentum, uncertainties tied to ETF redemptions and resistance levels continue to temper optimism around the rally’s longevity.
Zcash (ZEC) has climbed 8.34% in the past 24 hours to approximately $1,325 on October 12, with trading volume rising 175.80% as traders assess whether the cryptocurrency can overcome resistance near $1,330 and extend its recovery toward $1,400.
Summary
Zcash gained 8.34% over 24 hours, trading around $1,325 as investors watched nearby resistance levels. ZEC trading volume climbed 175.80% from the previous day, according to CoinGecko market data figures. Analyst Austin Barack identified $1,330 as an important trendline level following Zcash’s recent price recovery. Eric Van Tassel warned that a possible head and shoulders pattern still needs neckline confirmation. Zakura expects postquantum signature instructions in January, while its privacy focused wallet development continues separately. According to CoinGecko, which recorded ZEC trading near $1,325.39, the cryptocurrency posted a modest 0.92% gain over seven days despite its strong daily performance. Trading volume reached approximately $971.8 million, while its market capitalization stood near $22.51 billion, placing Zcash tenth among tracked cryptocurrencies.
The latest advance followed a correction from September highs near $1,700, with technical indicators offering different readings on whether buying momentum can continue.
Zcash price recovers as trading volume jumps 175% Zcash has attracted increased trading activity following several weeks of price fluctuations. CoinGecko reported that daily volume rose from the previous day’s level by approximately 175.80%, reaching nearly $972 million during the October 12 market snapshot. The increase accompanied an 8.34% price advance, although the figures alone do not establish whether the activity came primarily from new purchases, existing holders selling or short-term traders adjusting their positions.
With roughly 17 million ZEC circulating, the cryptocurrency’s market capitalization reached approximately $22.5 billion. CoinGecko’s historical data placed the token’s record high at $3,191.93 and its lowest recorded price at $16.08. At the reported October 12 price, ZEC remained approximately 58.30% below its historical peak despite recovering substantially from earlier lows.
Recent trading has taken place after Zcash reached approximately $1,700 during its September rally. The subsequent correction brought the cryptocurrency toward $1,200 before buyers returned. Although ZEC has recovered above $1,300, the October 12 reading remains below the price reached during September’s strongest advance.
A previous Zcash price assessment on October 9 examined the token’s recovery above $1,200 and identified easing selling pressure on shorter trading intervals. The analysis found that ZEC remained above its 50-day exponential moving average, although the 20-day average continued to present resistance at that earlier snapshot.
Zcash price faces resistance near $1,330 and $1,400 Crypto analyst Austin Barack has identified the $1,330 area as a level to watch following Zcash’s rebound from its recent correction. In an October 12 assessment, Barack said ZEC had defended its 50-day moving average and was approaching a descending trendline that could influence its next move. He placed that trendline near $1,330 and described a sustained recovery above it as a possible signal of renewed upward momentum.
Great signal that $ZEC held support at the 50 day moving average so well. 2nd signal for me of it regaining momentum would be to regain the blue trend line which today sits at around $1330. A hold above there and imo there's a very strong setup to quickly make new ATHs,… https://t.co/QB8mbhWmRs pic.twitter.com/2FMxznrPBV
— Austin Barack (@AustinBarack) October 11, 2026 Barack stated that holding above the trendline could create a favorable setup for another attempt at Zcash’s historical highs. However, the prediction depends on the cryptocurrency maintaining that level and attracting sufficient buying interest. The analyst further pointed to a reduction in leveraged market positioning, saying open interest had returned toward a lower range of approximately 1.1 million ZEC after the recent correction.
TradingView daily chart showed ZEC near $1,329.35, with the 20-day exponential moving average at $1,321.64. The 50-day average stood at $1,194.97, followed by the 100-day average at $981.82 and the 200-day average at $755.99. Since the price remained above all four averages, the chart maintained a positive longer-term moving-average structure, although ZEC had only a narrow margin above the shortest of those indicators.
Zcash (ZEC) price chart, source: TradingView For a stronger recovery, the technical assessment identified $1,350 as the first resistance area, followed by $1,400. A sustained move beyond both levels could bring $1,500 into focus, with further resistance between $1,550 and $1,700. Those figures represent conditional technical reference points, not confirmed future prices.
The earlier October Zcash outlook identified resistance around 1,420–1,500 after the token’s pullback from its September peak. That assessment examined a possible recovery but acknowledged the risk of another decline if buyers failed to maintain nearby support.
Analysts disagree on whether ZEC’s recovery will last Although Zcash has recovered above $1,300, crypto analyst Eric Van Tassel has raised concerns about a possible head-and-shoulders chart pattern. In an October 12 post, Van Tassel said the cryptocurrency had reached approximately $1,298 during the formation of a potential right shoulder before facing selling pressure. He compared that level with the left shoulder’s high near $1,297, identifying a close match between the two price areas.
Let's take a look at this potential H&S pattern developing for $ZEC. The price just hit $1,298 on the right shoulder and rejected. The left shoulder high was $1,297 so there's confluence between the two shoulders at that price level.
Now we watch to see how price action plays… pic.twitter.com/AYN9kNjJ1b
— Eric Van Tassel (Not a Financial Advisor!) (@XRPathologist) October 11, 2026 A head-and-shoulders pattern typically consists of three price peaks, with the middle peak higher than those on either side. Technical traders often watch for a move below a connecting support line, known as the neckline, before treating the pattern as a possible bearish signal. Van Tassel stressed that the formation remained incomplete and that a temporary move below the neckline would not provide sufficient confirmation.
The analyst explained that the setup would require ZEC to remain below the head of the pattern before breaking beneath its neckline and holding below that level. He cautioned that there was “no guarantee this pattern plays out”, describing it as a risk-management observation rather than a prediction. The supplied October 12 price readings above $1,300 show why the pattern should not be presented as an already confirmed reversal.
The daily MACD indicator offered another cautious signal. Its MACD line stood at -0.21, below the signal line at 29.27, while the histogram remained negative at -29.48. According to the chart interpretation, the negative reading suggested that upward momentum had weakened despite the latest daily price increase.
If selling resumes, the technical assessment identified initial support between $1,300 and $1,322, followed by the 50-day exponential moving average near $1,195. A sustained decline below that longer-term support could bring the $1,000 area into focus, with the 100-day moving average near $982. Alternatively, continued trading between $1,200 and $1,400 would fit the consolidation scenario described in the supplied analysis.
Zcash developers target January for quantum-resistant signatures Away from market trading, Zcash infrastructure developer Zakura has outlined plans to introduce additional protections against future quantum-computing threats. In an engineering update, developer Roman Akhtariev said the team expects post-quantum signature instructions to become available in January 2027. The proposed technology would allow transparent Zcash transactions to use hash-based signatures as an alternative security mechanism.
Here's our plan for quantum-safe, unlinkable, rotating taddrs. Possible with Zcash, today.
While others are worrying about the viability of rotating transparent addresses, we're already solving linkability.https://t.co/LE0OOKUKgA
— Zakura (@ZakuraZcash) October 8, 2026 Zcash supports transparent transactions, which reveal payment information publicly, and shielded transactions, which protect transaction details through privacy technology. Zakura’s proposal focuses on transparent wallets, where public keys can become visible when users spend funds. The team recommends moving remaining funds to fresh addresses and using hash-based signature techniques to reduce exposure to future attacks against existing cryptographic systems.
According to Akhtariev, the design combines rotating addresses with a technology called private information retrieval, or PIR. The system allows wallet software to search transaction records without revealing every address being checked to the server handling the request. Zakura said the approach could help users track balances across multiple transparent addresses while reducing the amount of wallet information disclosed during synchronization.
The developer identified Winternitz One-Time Signatures, commonly called WOTS, as a possible hash-based backup signature method. Unlike conventional elliptic-curve signatures, hash-based approaches rely on cryptographic hash functions. Zakura described its proposed implementation as part of an effort to prepare transparent transactions for advances in computing capabilities, although the January schedule remains a development target and does not establish that a mainnet upgrade has been approved.
Separately, Zcash developers have continued work on the NU7 network upgrade. The project’s official protocol repository records a testnet activation height of 4,465,026, while the mainnet activation schedule remains subject to the required development decisions.
The Zcash Foundation’s Zebra release documentation identifies November 5 as a tentative mainnet target for NU7, with a network upgrade intended to reduce the target block interval from 75 seconds to 25 seconds. Developers have instructed affected node operators to prepare compatible software ahead of the proposed activation, while the final rollout remains dependent on testing and release readiness.
Zakura’s engineering update states that experimental private queries are already available through Vizor wallet settings. The team plans to expand the feature while continuing development of the proposed January signature support, with the experimental option accessible through a setting labeled Private queries.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Zcash chce do ledna 2027 dokončit softwarové instrukce pro ověřování kvantově odolných podpisů, které by v první fázi mohly chránit 11,96 milionu ZEC, tedy asi 70 % současné nabídky.
Gizlilik odaklı kripto para projesi Zcash (ZEC), kuantum bilgisayarların gelecekte oluşturabileceği güvenlik tehditlerine karşı önemli bir teknolojik güncellemeye hazırlanıyor. Zcash ekosisteminde geliştirilen yeni yazılım talimatlarının Ocak 2027’de tamamlanması hedeflenirken ilk aşamada yaklaşık 11,96 milyon ZEC’nin, yani mevcut arzın yüzde 70’inin kapsanması planlanıyor. Geliştiricilerin üzerinde çalıştığı kuantuma dayanıklı imza sistemi, blockchain ağının uzun vadeli güvenliğini artırmayı amaçlıyor.
Zcash Kuantum Tehdidine Karşı Harekete Geçti
Kripto para piyasasının önde gelen gizlilik odaklı projelerinden Zcash, gelecekte kuantum bilgisayarların blockchain güvenliği üzerinde oluşturabileceği risklere karşı teknik hazırlıklarını hızlandırıyor. Zcash ağında kullanılan yazılımlardan Zakura’nın geliştiricileri, kuantuma dayanıklı dijital imzaların doğrulanmasını sağlayacak yeni yazılım talimatlarını Ocak 2027’de tamamlamayı hedefliyor. Planlanan güncelleme, kullanıcıların işlemleri onaylama yetkisini hash tabanlı kriptografik imzalar aracılığıyla kanıtlamasına olanak tanıyacak.
İlginizi Çekebilir: Listeleme Haberi Bu Altcoin’in Fiyatını Uçurdu!
Zcash ağında şeffaf ve korumalı olmak üzere iki temel işlem türü bulunuyor. Şeffaf işlemlerde adresler ve transfer miktarları blockchain üzerinde görüntülenebilirken korumalı işlemler, gönderici, alıcı ve tutar bilgilerini gizleyerek kullanıcıların finansal gizliliğini koruyor. Paylaşılan verilere göre yaklaşık 16,98 milyon ZEC’nin 11,96 milyonluk bölümü şeffaf havuzda bulunuyor. Bu miktar, toplam ZEC arzının yaklaşık yüzde 70’ine karşılık geliyor. Geliştiricilerin ilk aşamada üzerinde çalıştığı kuantuma dayanıklı güvenlik çözümü, özellikle şeffaf işlemlerle ilişkili varlıkları kapsayabilecek.
Zcash İçin Gerçekten Tehdit Oluşturuyor mu?
Kuantum bilgisayarların gelişimi, Bitcoin ve Zcash dahil olmak üzere birçok blockchain ağında kullanılan kriptografik güvenlik sistemlerinin geleceğini gündeme taşıyor. Mevcut kriptografik yapılarda açık anahtarlardan özel anahtarların elde edilmesi, klasik bilgisayarlar açısından pratik olarak mümkün görülmüyor. Ancak yeterince güçlü kuantum bilgisayarların geliştirilmesi durumunda bazı açık anahtarlı kriptografi yöntemlerinin güvenliği zayıflayabilir. Zcash geliştiricilerinin üzerinde çalıştığı hash tabanlı imzalar ise farklı matematiksel güvenlik varsayımlarına dayanıyor.
Zcash ekosistemindeki teknolojik çalışmalar yalnızca kuantum güvenliğiyle sınırlı kalmıyor. Zakura geliştiricileri, kullanıcıların kontrol ettikleri adresleri sunuculara açıklamadan bakiye bilgilerini sorgulamasına olanak sağlayan özel bir bilgi erişim aracı da geliştirdi. Söz konusu deneysel özellik, Vizor cüzdanında kullanılabiliyor. Bu teknoloji, kullanıcıların blockchain üzerindeki finansal bilgilerini sorgularken gizliliklerini daha güçlü şekilde korumalarına yardımcı olmayı amaçlıyor.
Değerlendirme
Zcash (ZEC), kuantum bilgisayarlardan kaynaklanabilecek gelecekteki güvenlik risklerine karşı önemli bir teknolojik dönüşüme hazırlanıyor. Ocak 2027’de tamamlanması hedeflenen yazılım talimatları, ilk aşamada yaklaşık 11,96 milyon ZEC’yi kapsayabilecek kuantuma dayanıklı imza altyapısının geliştirilmesine katkı sağlayacak. Ancak henüz kesinleşmiş bir ana ağ aktivasyon tarihi bulunmuyor. Zcash’in güvenlik ve gizlilik alanındaki çalışmaları, projenin uzun vadeli gelişimi açısından önemli görülürken güncellemenin ZEC fiyatı üzerindeki olası etkisi piyasa koşullarına ve yatırımcı beklentilerine bağlı olacak.
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Velký investor po 34% poklesu v posledních dnech během dvou dnů nakoupil Zcash za 32 mil. USD a zdvojnásobil svou držbu na 54 400 ZEC v hodnotě 66,75 mil. USD.
A whale investor has doubled Zcash holdings in the past two days to $66.75M. According to Arkham data, the large investor (address t1ZLg) bought $21.8M and $10.2M ZEC across Binance and Kraken, respectively, over the weekend.
This effectively doubled the investor’s ZEC holdings from 24K to 54.4K (worth $66.75M) in two days. On-chain data revealed that the address began aggressive ZEC accumulation in mid-September.
Source: Arkham The whale activity slowed for a while around 22nd-26th September but picked up aggressively at the end of the month. The activity slowdown coincided with the ZEC price peak near $1700.
But the whale’s subsequent steady bids throughout October showed he was grabbing the ZEC’s discounted window as the price dropped by 34% in the past few days. This raises the question: Is there broader whale bidding to trigger ZEC price recovery?
Zcash: Are other whales also buying the ZEC dip? Surprisingly, most whales were not bullish on ZEC, at least as of press time. According to CryptoQuant, the recent pullback was attracting ‘normal’ spot order sizes (grey bubble maps).
Source: CryptoQuant In most cases, big whale orders (denoted by green bubble maps) tend to coincide with easing pullbacks or triggering strong rebounds. This happened in March, August, and September.
However, during the recent pullback, the indicator didn’t flag many big whale orders. As such, this could reduce the chances of a strong rebound or ZEC defending the $1000 support level.
A similar picture was painted across the Futures market. According to Nansen, whale interest dropped by 14% in the past seven days across Hyperliquid’s derivatives market. However, smart money traders were up 134%.
This indicates that some sophisticated players still view the recent discount window as a buying opportunity, like the whale that bought ZEC across Binance and Kraken.
Source: Nansen But the Net Position Change was not green to underscore an overall bullish leaning. In other words, broader whale positioning was still somewhat cautious across the spot and derivatives market.
Spot ZEC ETF extends weekly outflows And this cautious positioning is understandable ahead of this week’s U.S. inflation data (CPI), which could trigger another macro volatility and increase liquidation risks.
In fact, even institutional investors have been in a risk-off mode since late September, as illustrated by two consecutive weeks of outflows from U.S. ZEC ETFs ($124M net outflows).
Source: SoSo Value As such, the $1,100 and $1000 support levels could be retested or cracked if the bearish pressure deepens in the coming days.
Overall, the recent 34% pullback seems like a great buying opportunity. However, the upcoming macro volatility still has whales and institutional investors on edge.
Source: ZEC/USDT, TradingView Final Summary Zcash whale doubled its ZEC holdings to $66.75M after buying the recent dip Broader whale activity was weak, and spot ZEC ETF outflows hit $123M amid macro uncertainty
Zcash se vrátil nad 1 200 USD, zatímco slábnoucí prodejní tlak otevírá prostor pro růst k 1 300 USD. Vývojáři plánují lednové zavedení kvantově odolných podpisů pro transparentní transakce.
Zcash price has started recovering from its recent selloff, with easing selling pressure on shorter timeframes raising the possibility of a move back toward $1,300.
Summary
Zcash price recovered above $1,200 after recent losses, with easing selling pressure raising the possibility of a move toward $1,300. Developers are targeting January for quantum resistant payment support, while institutional interest in ZEC continues through ETF developments. ZEC remains above its 50 day EMA near $1,185, although the 20 day EMA at $1,337 continues to act as resistance. The 4 hour MACD remains negative, but its contracting histogram and a CMF recovery to negative 0.03 suggest that selling pressure is easing. A sustained move above $1,250 could bring $1,300 into focus, while a break below $1,185 risks another decline toward $1,100. ZEC was trading near $1,213 on October 9, up approximately 2.2% on the daily session, after recovering from an intraday low of $1,183.24. The token had fallen toward $1,100 during the previous session, following several days of losses that erased part of its September rally.
The privacy-focused cryptocurrency remained more than 25% below its late September peak near $1,670. However, buyers returned after the latest decline, lifting ZEC above $1,200 as traders assessed upcoming network developments and institutional interest in the asset.
The recovery coincided with an improvement in short-term momentum indicators. Selling pressure has eased considerably since the latest downturn, although ZEC has yet to recover several important resistance levels.
Zcash developers target quantum-resistant payments in January One development attracting attention to Zcash is a proposal to introduce quantum-resistant signature support for transparent transactions.
According to developers working on Zakura, a software implementation used to validate Zcash transactions, plan to introduce post-quantum signature instructions in January.
The proposed changes would allow the network to verify hash-based signatures designed to withstand attacks from sufficiently powerful quantum computers. January remains a development target, with no confirmed network activation date.
Initial protections would focus on transparent transactions, which account for a substantial portion of ZEC holdings.
Around 11.96 million of the approximately 16.98 million ZEC issued were held in transparent addresses as of October 8, representing roughly 70% of the supply.
Shielded transactions, which conceal information about senders, recipients and transferred amounts, would require separate protections because they use different cryptographic mechanisms.
The development followed warnings from Ethereum researcher Justin Drake about potential risks to existing cryptocurrency cryptography from future advances in artificial intelligence and quantum computing.
Zakura developers have separately introduced an experimental private lookup feature that allows wallets to check balances without revealing which addresses belong to the same user. The feature is available through the Vizor wallet’s private queries setting.
Zcash’s next major network upgrade, NU7, remains another event on the project’s development calendar. The proposed schedule includes an October 20 activation decision and a November 5 mainnet target, subject to confirmation.
Institutional interest provides another potential catalyst Institutional investment developments have provided another source of attention for ZEC despite the recent correction.
Winklevoss Asset Services filed an S-1 registration statement with the US Securities and Exchange Commission on October 6 for a proposed spot Zcash exchange-traded fund.
The filing included a nonbinding indication of interest from Winklevoss Capital to purchase up to $100 million worth of shares.
A spot ETF could provide investors with exposure to ZEC through a regulated investment product without requiring them to hold the cryptocurrency directly. However, the proposed fund remains subject to regulatory review, and the indication of interest does not represent a completed investment.
Existing Zcash investment products in Europe have already provided another route for institutional and professional investors seeking exposure to the cryptocurrency.
The latest filing comes as Zcash continues to attract interest in privacy-focused blockchain transactions and technologies designed to protect sensitive financial information.
Nevertheless, neither the proposed ETF nor the network upgrades establishes that institutional buying caused the October 9 price recovery. The immediate improvement in ZEC’s trading indicators provides a clearer basis for assessing whether the rebound can continue.
Grayscale’s existing Zcash investment product provides more context for institutional demand. As crypto.news previously reported, the asset manager converted its Zcash Trust into a US-listed spot ETF on August 25, with approximately $304 million in assets under management at launch.
However, institutional flows have not remained consistently positive. The fund recorded $93.56 million in net outflows during the week ended October 2, including withdrawals of $30.25 million on September 30 and $26.93 million on October 2.
On the development side, Zcash’s NU7 upgrade entered testnet on October 4. The proposed changes would reduce target block times from 75 seconds to 25 seconds and introduce a mechanism that allocates part of transaction fees toward future block rewards.
Developers are expected to review the testnet results on October 20 before deciding whether to proceed with the proposed November 5 mainnet activation.
ZEC price analysis ZEC’s daily price structure remains bullish over the longer term, but the latest correction has pushed the cryptocurrency below its shortest major moving average.
The token was trading near $1,213 after recovering from an October 8 selloff that briefly took prices toward $1,100. The decline followed a rally that carried ZEC above $1,600 in late September.
On the daily timeframe, ZEC has fallen below its 20-day exponential moving average at $1,337.05. However, it remains above the 50-day EMA at $1,184.74, the 100-day EMA at $963.72 and the 200-day EMA at $740.22.
ZEC/USDT 1-day price chart. Source: crypto.news The moving averages remain arranged in bullish order, with the 20-day EMA above the 50-day, followed by the 100-day and 200-day averages. The recent decline has therefore weakened short-term price performance without reversing the longer-term moving average structure.
ZEC’s immediate support sits near the 50-day EMA at $1,185, where the latest daily candle has recovered after briefly trading below that level.
If buyers defend this area, the price could move toward $1,250 before attempting to reclaim $1,300. A sustained recovery above $1,300 would bring the 20-day EMA near $1,337 into focus, followed by the $1,400 resistance region.
However, a daily close below $1,185 would weaken the recovery attempt and expose the recent low near $1,100. Further losses could take ZEC toward the psychological $1,000 level, followed by its 100-day EMA near $964.
The daily Aroon indicator provides a separate reading of recent trend activity. Aroon Up stands at 92.86%, while Aroon Down is at 7.14%, indicating that the most recent 14-session high is considerably more recent than the corresponding low.
The high Aroon Up reading indicates that the preceding bullish trend still has influence within the indicator’s lookback period. However, ZEC’s position below its 20-day EMA means the reading has not yet translated into a recovery of the latest price losses.
On the 4-hour timeframe, the Moving Average Convergence Divergence indicator remains negative, although its latest readings suggest that selling momentum is easing.
ZEC/USDT 4-hour price chart. Source: crypto.news The MACD line stands at -36.27, below the signal line at -33.19, while the histogram reads -3.08.
Both lines remain below zero, confirming that bearish momentum continues to dominate the shorter timeframe. However, the histogram has begun contracting after a period of larger negative readings, while the MACD line has started turning upward.
A bullish crossover between the MACD and signal lines would provide stronger evidence that the rebound is gaining momentum. If accompanied by a move above the recent 4-hour high near $1,240, ZEC could attempt to recover $1,250 and subsequently $1,300.
The Chaikin Money Flow indicator has recovered to -0.03 on the 4-hour chart after falling toward -0.20 during the latest selloff.
The recovery toward the zero line indicates that selling pressure has moderated considerably. However, the indicator remains slightly negative, meaning buying pressure has not yet become dominant over the measured period.
A sustained move above zero would strengthen the case for a recovery toward $1,300, particularly if the MACD completes a bullish crossover and ZEC maintains support above $1,185.
Conversely, another decline in CMF alongside a widening negative MACD histogram would suggest renewed selling pressure. Under that scenario, a break below $1,185 could lead to another move toward $1,100, with the 100-day EMA near $964 remaining the next major moving average support if $1,000 fails.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Zcash developers set January target for quantum-resistant payments after ‘bunker mode’ scare. (Shutterstock)Summary
Zcash developers aim to add support for quantum-resistant, hash-based signatures in January, though no network activation date has been confirmed.The upgrade to the privacy coin would initially protect transparent transactions, which account for about 70% of issued ZEC, while shielded payments require separate safeguards.Zakura, a program used to run the Zcash network, has also developed a private lookup tool that lets wallets check balances without revealing linked addresses to a server, and an experimental version is available in the Vizor wallet.Developers of privacy-focused Zcash (ZEC) plan to add protections designed to withstand quantum computers within months as warnings about AI-assisted attacks put the broader security of cryptocurrency wallets under scrutiny.
“Our team plans for post-quantum signature opcodes to land in Zcash in January,” Roman Akhtariev wrote in an engineering post for Zakura, one of the programs used to run the Zcash network and validate its transactions.
Those opcodes, or instructions, would give Zcash the ability to check hash-based signatures, a method of approving payments designed to resist quantum attacks. While January is the team’s target, no confirmed network activation date was mentioned.
The aim is to prevent attackers from using today’s public keys to work backward to forge a wallet owner’s approval and spend their coins.
The upgraded software would produce a signature that the network checks using hashes, digital fingerprints made from secret data. Hash-based signatures use a different way to prove permission to spend.
Forging an approval would require defeating those hashes, so a breakthrough against today’s wallet keys would not automatically defeat the replacement.
Using fresh addresses keeps keys hidden before spending, and the proposed signatures are intended to protect the payment when spending makes its approval public.
Zakura’s post comes on the heels of a warning by Ethereum researcher Justin Drake, who on Thursday urged holders to prepare for a so-called “bunker mode,” warning that AI could find a shortcut through the mathematics protecting bitcoin and ether wallets “in months, not years” in the worst case.
Ethereum’s own broader migration to quantum-resistant cryptography has a target date of December 2029. No practical attack on their wallet keys has been demonstrated so far.
ZEC ended Thursday around $1,185, down about 11% over the preceding week, leading a drop among top cryptocurrencies after Drake’s post went viral on X.
Read More: Bitcoin and ether holders urged to prepare ‘bunker mode’ against possible AI attacks
Fresh addresses, revealing balance checksZcash has two kinds of payments. One is shielded payments, which conceal the sender, recipient and amount. Transparent payments, in contrast, work much like bitcoin BTC$82,486.39, with addresses and amounts visible on the blockchain.
About 11.96 million of the 16.98 million ZEC issued sat in the transparent pool on Thursday, roughly seven in 10 coins, according to CoinDesk’s calculation from ZecStats data. The January plan focuses on that public side of the network.
A wallet uses a secret key to approve spending and a corresponding public key that lets the network check the approval. Working backward from the public key to the secret is supposed to require an impractical amount of computing. Drake’s concern is that a breakthrough could make it affordable, as CoinDesk reported Thursday.
A standard Zcash transparent address initially hides the public key behind a hash, a digital fingerprint designed to be difficult to reverse. Spending reveals that key — and moving leftover funds to a fresh address puts them behind another key that has not been disclosed.
But checking those fresh addresses can give something else away.
Someone who spreads savings across 10 addresses still needs their balances. A typical wallet asks a server for those records, giving it a way to connect addresses that may look unrelated on the blockchain.
Zakura’s lookup tool uses so-called private information retrieval, which lets a database return a record without learning which one was requested. The wallet can check its balances without handing the server a readable list of addresses, while the payments themselves remain public.
An experimental version is already available through the “Private queries” setting in Vizor, a Zcash wallet.
The shielded side needs separate work, however. Zcash’s quantum recovery design warns that an attacker who obtains a recipient’s address could save encrypted payment records today and try to decrypt them after a future mathematical breakthrough.
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12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Grayscale is treating the climb of its Zcash fund past $1 billion in assets as a sign that listed crypto products are entering a more selective phase, one no longer defined only by bitcoin and ether.
The firm said as much when it marked the figure.
On September 24 it posted that the world’s first Zcash fund, trading as ZCSH, had reached $1 billion in assets under management, and called ZEC one of the assets shaping the next era of digital finance.
The product began trading on NYSE Arca on August 25 after Grayscale converted its older Zcash trust, formed in 2017, into an exchange-listed vehicle with spot exposure to the token.
The headline number needs context.
SoSoValue data around September 24 showed about $1 billion in net assets against roughly $306 million in cumulative net inflows, so new capital was less than a third of reported value.
A Grayscale filing shows that DCG International Investments, tied to the parent group, acquired about $100 million of shares on September 8 in exchange for roughly 85,705 ZEC.
Outside cash is closer to $200 million once that related-party swap is set aside.
The balance reflects coins already held in the legacy trust and a sharp rise in ZEC, which traded near $1,500 around the milestone, about double its level when listing began.
Even so, the launch was fast.
The fund passed $500 million within about two weeks and reached $1 billion inside its first month.
Krista Lynch, Grayscale’s managing director and head of trading and capital markets, later said at Token2049 in Singapore that, measured by assets gathered in its first month as an ETF, ZCSH sits in the top 1 percent of funds launched over the past decade.
She linked that result to the Securities and Exchange Commission’s (SEC) generic listing standards, which she said now cover roughly fifteen tokens and let issuers choose products by demand and conviction rather than a bespoke rule change for every asset.
In January, Grayscale had twenty-seven assets under review across artificial intelligence, decentralized finance, consumer uses, and infrastructure.
Her point was that the list is being narrowed.
Zcash’s rise as a popular altcoin is what made that product possible.
For most of its life it sat far behind bitcoin, even though it was built as a bitcoin-like currency with optional privacy: transparent addresses that behave like an open ledger, and shielded ones that hide sender, recipient, and amount with zero-knowledge proofs.
Through 2025 and 2026 that privacy case found a larger audience.
Shielded supply, long stuck near single digits as a share of circulating coins, moved into a range of roughly a quarter to nearly a third.
$1B in AUM.
The world's first Zcash fund $ZCSH just hit a new milestone.
Grayscale is committed to providing investors with exposure to the assets defining the next era of digital finance. $ZEC is one of them. pic.twitter.com/AKxxNAA2gJ
— Grayscale (@Grayscale) September 24, 2026
The token rallied from about $60 to the $1,500 area, and Grayscale research argued the move still left room if ZEC took a larger share of the digital-currency sector.
Access widened at the same time: brokerage products in the United States and a physically backed product in Europe meant investors could buy exposure without running a shielded wallet.Industry support has followed that rerating.
Cameron and Tyler Winklevoss, through Winklevoss Asset Services, filed an S-1 on October 6 for a spot Zcash fund that would list on Nasdaq under the ticker WINK, with Gemini Trust as custodian and a proposed sponsor fee of 0.25 percent, well below Grayscale’s 2.5 percent. Gemini announced the filing.
Winklevoss Capital indicated a non-binding interest in buying up to $100 million of shares, and the Winklevoss-backed treasury company Cypherpunk Technologies was named an ecosystem partner.
A filing is not an approval, but it puts a second well-known sponsor behind the same asset.
Critics argue the popularity is running ahead of the record.
Bitcoin pool operator Chun Wang has called the rally a bid rather than earned status, pointing to the original founders’ reward, which sent 20 percent of new issuance to insiders for four years, to the collapse of a development organization, and to a soundness bug in the Orchard shielded pool that sat undisclosed for years.
Developers say there is no evidence it was exploited; the Winklevoss prospectus notes there is also no cryptographic way to prove it was not, because the pool is private.
Others note a structural irony: a spot ETF is a regulated, transparent custody product, so holders get the price of a privacy coin without the privacy.
Lobbyists funded by a $750,000 community grant are now trying to keep shielded transfers from being treated like mixers under anti-money-laundering rules. Whether Zcash’s new phase lasts depends on whether capital stays once price gains, converted holdings, and celebrity filings are no longer doing most of the work.
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Zcash continued its downward momentum on Thursday, trading near $1,241 and marking the weakest performance among the top 10 cryptocurrencies by market capitalization in the past day. The privacy-focused coin has now dropped roughly 27% from its September 27 peak of $1,698, extending a losing streak that has lasted about ten days.
Grayscale Zcash ETF faces ongoing outflowsGrayscale Investments, one of the world’s largest digital asset managers, saw its Zcash ETF (ZCSH) register $8.49 million in net outflows on Wednesday, according to data from SoSoValue. This brought the total outflows for the current week to $12.05 million, while last week saw redemptions reach $93.56 million. Although the latest figure covers only part of the week, it remains below the prior week’s withdrawals.
These outflows have followed the fund’s recent three-for-one share split. The timing of redemptions aligns with the split, but no direct evidence connects the split to heightened investor withdrawals. Still, sustained outflows signal muted demand for the fund amid Zcash’s ongoing price correction.
Investor demand has softened as large outflows from Grayscale’s Zcash ETF continue, even after the share split and a steep price drop for ZEC in recent days.
In contrast to these withdrawals, a fresh Zcash ETF filing backed by Cameron and Tyler Winklevoss, co-founders of Gemini, suggests ongoing interest in ZEC among institutional players. The new filing arrives 13 years after the Winklevoss twins first proposed a Bitcoin ETF in 2013, highlighting persistent efforts to expand regulated investment products linked to privacy-focused cryptocurrencies.
It is important to note that an ETF filing represents a proposal under regulatory review and does not guarantee product approval or new inflows to the asset. As a result, the new application stands in sharp contrast to immediate outflows affecting the existing Grayscale Zcash ETF.
Mini dictionary: Grayscale — A digital asset management firm known for its suite of cryptocurrency ETFs and trusts, which allow institutional and retail investors to gain exposure to digital assets such as Bitcoin, Ethereum, and Zcash through traditional investment vehicles.
PeriodGrayscale ZEC ETF OutflowsThis week (so far)$12.05 millionLast week$93.56 millionZcash technical signals show continued downside riskThe technical outlook for Zcash has continued to deteriorate. ZEC has slipped below its 200-period exponential moving average (EMA) on the four-hour chart, located near $1,287. This level now acts as a primary resistance point. Remaining below this threshold risks reinforcing the coin’s short-term bearish structure.
The 50-period EMA, currently near $1,355, is declining toward the longer-term 200-period EMA. Should it cross below, it would create a so-called death cross, which signals the potential for further downside, even though it is not a definitive predictor of losses.
Technical momentum remains negative, with the MACD below its signal line and the RSI hovering around 33, pointing toward oversold conditions without confirming a price bottom.
If ZEC fails to reclaim $1,287, the next notable support zone lies at $1,050, matching the September 4 high. A sustained drop from current levels to $1,050 would represent an additional 16% decline for Zcash.
LevelPriceRoleCurrent price$1,241Active levelResistance (200-period EMA)$1,287Initial resistanceResistance (50-period EMA)$1,355Secondary resistanceSupport 1$1,050Key supportSupport 2$1,000Psychological levelSupport 3$888Lower supportIf selling pressure intensifies, Zcash could test the psychological $1,000 mark, and below that, find horizontal support at $888, which aligns with the high registered on August 23. For a meaningful recovery, ZEC must first break above $1,287, followed by the 50-period EMA at $1,355. Until these resistance levels are reclaimed, continued ETF outflows and persistent weak momentum keep ZEC at risk of further correction.
Zcash spustil Network Upgrade 7 na veřejné testovací síti před podmíněným pracovním cílem aktivace na hlavní síti 5. listopadu 2026. NU7 zkrátí cílový interval mezi bloky ze 75 na 25 sekund při zachování denní emise.
Zcash has moved Network Upgrade 7 onto public testnet, putting the privacy chain’s next consensus change under live conditions ahead of a November 2026 mainnet target.
The Zcash Foundation shipped Zebra 7.0.0-rc.0, the first release candidate for NU7, on October 2, 2026.
That build is written to activate the upgrade on the public test network at block height 4,465,026, a point the teams expected around October 6.
Operators of testnet nodes were told to update before that height if they want to remain on the NU7 chain and help exercise the rules under real traffic.
Mainnet operators were told not to act yet: no production activation height has been locked in, and the package is still a candidate rather than a stable release.
The schedule was set in mid-September after sentiment collection and talks among the Zcash Foundation, Project Tachyon, Valar, ZODL, and Shielded Labs.
Developer Sean Bowe reported unanimous agreement on scope and timing.
The checklist called for feature completion by September 30, testnet activation on October 6 at the height agreed by the Zakura and Zebra teams, a final mainnet decision on October 20, and a provisional production activation on November 5.
That November date stays contingent on how the test network behaves.
The October 20 review, scheduled about a week before Zcon, is where engineers are due to choose a mainnet height or delay the cutover if testing shows problems.NU7 is narrower than some earlier proposals.
It does not introduce a new transaction format, and the teams have said ordinary wallets should see little change.
Full nodes, indexers, and block explorers are more likely to need updates.
The headline protocol change, specified in ZIP 218, shortens the target interval between blocks from 75 seconds to 25 seconds.
That interval has been in place since Zcash launched in 2016.
A first confirmation would therefore arrive, on average, in about a third of the time it does today, which matters for point-of-sale payments, exchange deposits, and bridges that wait for a fixed number of confirmations.
Daily issuance is meant to stay the same: remaining halving intervals are stretched by a factor of three, each scheduled block subsidy is divided by three, and funding-stream periods are adjusted to match.
The 21 million ZEC cap and the familiar four-year halving pattern are both preserved.A second piece is the Network Sustainability Mechanism.
Under the design in ZIP 235 and ZIP 237, 60 percent of each block’s transaction fees is taken out of circulation and held in a reserve, while miners keep 40 percent so they still have a reason to include user transactions.
Later blocks reissue a small, predictable slice of that reserve on top of the normal subsidy.
Public reserves are seeded with the historical shortfall from before NU6.
Coinholder polling backed keeping halvings and pointed to February 2031 as the start of fee reintroduction.
On testnet, the adjusted third halving sits at height 4,497,948, and reserve reissuance begins at 7,305,222.
Faster blocks also raise shielded capacity while trying to limit spam.
NU7 sets per-block caps of 330 Orchard or Ironwood actions, 300 Sapling inputs and outputs, a shared budget of 330 across pools, and no new Sprout JoinSplits.
The Foundation says those limits more than double Orchard protocol throughput and cut the worst-case sync load a spammer can push onto light wallets by about 37 percent.
Zebra applies the same ceilings when building templates and when admitting transactions to the mempool.
Version 4 transactions are disabled as part of the upgrade.
Because the coinbase now depends on selected fees and on the parent block’s reserve, mining templates list only time as mutable; pools are expected to request a fresh template rather than rewrite the transaction set themselves.
Zebra’s state database moves to format v29, which stores the new reserve, and a compatible v28 database is migrated automatically on first start.
Downgrades are not supported.
Testnet configs that pin old consensus values can prevent the node from starting until those overrides are removed.
The testnet window is deliberate.
Consensus, mining, wallets, and node storage all change, so the candidate release is meant to surface issues before production. A final mainnet height is still to be set after that review, with November 5 remaining the working target rather than a guaranteed activation.
Velryba nakoupila 1 000 ZEC za 1,33 mil. USD, přesto Zcash prolomil trendovou podporu. Od konce září odteklo z Grayscale Spot ZEC ETF více než 105 mil. USD.
Since Zcash [ZEC] hit $1,701 in late September, the price action has entered a correction phase. However, large investors continue to bet on higher prices, even as the market structure has broken on the daily chart.
As ZEC continues to drop, will the altcoin hold above the demand zone around $1,000?
Whale buys ZEC, but its price breaks trendline support A wallet accumulated 1,000 ZEC valued at $1.33 million on Binance and withdrew the total amount to an external address. Shortly after, the whale moved the position into Zcash’s shielded pool for privacy.
Source: Onchain Lens The whale is buying after the altcoins have more than tripled from $478 in mid-August to $1,700 in late September. Thus, this trader might be buying the top.
Despite the accumulation, ZEC’s market structure has flipped bearish after breaking below a slanting trendline support. The bears at the lower high (LH) at $1,385 are pushing for a new low, which is around the demand zone at $1,060.
Similarly, the CMF is at negative 0.15, indicating capital is flowing out of the altcoin. The Trend Strength Index (TSI) also reinforces the bearish control, showing a reading of -0.86.
Source: ZEC/USDT on TradingView While the altcoin is declining, the zone at $1,000 might hold. However, if the support fails, the next demand levels are $820 and $478 in the extreme scenario. But why was Zcash hitting lower levels?
Is Zcash in a distribution phase? The decline in price could be hinting at a distribution phase for Zcash as the broader crypto market cools off.
When trading volumes stay high in the later stages of a bull market, it may signal distribution. To back this view, the Futures Volume Bubble Map showed it was overheating as ZEC traded at peak levels.
Source: CryptoQuant Additionally, Spot Zcash ETF inflows have turned negative, reinforcing the selling activity.
Since the last week of September, when the price of the altcoin hit $1,700, Grayscale Spot ZEC ETF has seen either outflows or inactivity. Over $105 million has been sold in total during this period, with about $8.49 million left in the past 24 hours.
These outflows are happening even though Winklevoss twins filed to join Grayscale in the ZEC ETF race.
Source: SoSoValue Therefore, the altcoin is falling due to a potential distribution phase. Still, it is worth noting that buyers have dominated the Spot Taker CVD over the past three months.
Final Summary Whale buys 1,000 ZEC and moves the entire amount to Zcash’s shielded pool for privacy, but its price has broken a slanting support. ZEC appears to be entering a distribution phase amid overheating volume at peak levels and ETF outflows.
Winklevoss Asset Services podala u SEC předběžný registrační formulář S-1 pro Winklevoss Zcash ETF, které by se mělo obchodovat na Nasdaqu pod tickerem WINK. Roční poplatek má činit 0,25 % držených ZEC.
Cameron and Tyler Winklevoss’s newly formed asset management vehicle has asked US regulators for permission to list a fund that would hold the privacy coin Zcash outright, proposing a sponsor charge far below the fee already collected by the only live US product of its kind.
On October 6, 2026, Winklevoss Asset Services, LLC submitted a preliminary Form S-1 registration statement to the Securities and Exchange Commission (SEC) for the Winklevoss Zcash ETF.
The document describes a Delaware statutory trust organized as an exchange-traded product, not a mutual fund registered under the Investment Company Act of 1940.
Its stated aim is passive: to give shareholders exposure to the market price of ZEC held by the trust, reduced by operating costs and other liabilities, without trying to outperform the token.
The shares are expected to trade on the Nasdaq Stock Market under the ticker WINK, subject to a notice of issuance.
Before the offering there is no public market for them.
Creations and redemptions would occur in baskets.
Authorized participants would deliver cash equal to the ZEC represented by a basket, and the trust would buy or sell the token as needed; the preliminary prospectus also contemplates limited use of ZEC itself in certain transfers.
Net asset value would be struck each business day against a pricing benchmark still left blank in the filing—described only as a 60-minute time-weighted average drawn from an index of trades on major ZEC platforms.
The sponsor, formed on October 1, 2026 and wholly owned by Winklevoss Asset Services Holdings, LLC, would receive an annual unified fee of 0.25 percent of the trust’s ZEC holdings.
That fee accrues daily in ZEC and is payable monthly in ZEC or cash.
In return, the sponsor assumes ordinary expenses—administrator, custodian, trustee, listing, audit, regulatory, and website costs among them—with no stated cap.
Extraordinary items such as taxes, litigation, and certain brokerage costs stay with the trust.
The sponsor may waive all or part of the fee for stated periods at its discretion, without any obligation to continue a waiver.
Custody would sit with Gemini Trust Company, LLC, an affiliate of the sponsor and a New York State-chartered limited liability trust company supervised by the New York Department of Financial Services (NYDFS).
The filing says Gemini would keep the trust’s ZEC in segregated cold-storage addresses verifiable on the Zcash blockchain, separate from other clients’ coins, moving coins to hot wallets only temporarily to process withdrawals or clearing. CSC Delaware Trust Company is named trustee.
Several other service-provider roles remain bracketed and unfinished.
The trust has also contracted Cypherpunk Technologies Inc. as its “Zcash Ecosystem Partner.”
Under that agreement, Cypherpunk may assist with coinholder polling and voting, offer guidance on protocol and technical developments, and supply related advisory work.
Separately, Winklevoss Capital Fund, LLC has signaled, through affiliates, an interest in buying up to $100 million of shares from authorized participants or in the open market.
The prospectus stresses that the indication is not a binding commitment; the potential buyers could take more, less, or none.
The registration statement is preliminary and subject to completion.
Several commercial terms—the precise benchmark, seed pricing, and basket size—are still open. An S-1 filing does not itself authorize listing or trading; effectiveness and exchange approval remain outstanding. Investors would not receive the protections that apply to registered investment companies or to commodity pools.
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George Town, , October 8, 2026 —, Cayman Islands, October 8th, 2026, Chainwire
THORChain, a decentralized exchange, announced that native Zcash (ZEC) swaps are now live, allowing users to exchange ZEC with assets across other supported blockchain networks without relying on wrapped tokens or a centralized exchange.
The launch follows THORChain update 3.20, which introduced support for Zcash and Monero to the protocol. The Zcash pool currently holds more than $50,000 in liquidity, allowing the network to begin processing live ZEC swaps.
The pool remains in a soft-launch phase while performance is monitored. Trading may be temporarily paused if bugs or other issues need to be addressed. The current pool size can easily support trades in the five-figure range, however larger trades will experience higher slippage and take longer to settle until liquidity grows in the pool.
Protocol-Owned Liquidity (POL) will be automatically added to the Zcash pool when the fees/depth ratio is high enough. POL, introduced as part of the 3.20 upgrade, gives the protocol a mechanism to deploy a portion of the liquidity fees (currently set at 20%) into supported liquidity pools. As more liquidity enters the ZEC pool, it will be better equipped to support larger swaps with lower price impact and faster execution.
The integration gives Zcash holders a direct route into the broader crypto market using native assets. Users can swap ZEC against supported assets including Bitcoin (BTC), Ethereum (ETH), and stablecoins without needing to deposit their Zcash with a centralized custodian or convert it into a wrapped representation on another network.
Zcash adds another native blockchain to THORChain’s cross-chain liquidity network, bringing the total to 14 blockchains. Rather than move assets through bridges or require users to give up custody to trade between otherwise disconnected networks, THORChain settles swaps using the native assets on their respective chains.
The soft launch will allow the network to test Zcash swaps under real market conditions while liquidity develops. The Zcash pool and its current liquidity can be tracked here.
About THORChain THORChain is a decentralized exchange (DEX) that enables users to swap native digital assets across different blockchain networks without relying on wrapped assets or centralized custodians. It allows users to exchange assets including Bitcoin, Ethereum, and other supported cryptocurrencies while maintaining a self-custodial experience.
V shielded poolu Zcash je nyní přibližně 4,9 milionu ZEC, tedy téměř 29 % všech vytěžených mincí, protože AI usnadňuje deanonymizaci veřejných blockchainů.
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Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc., CoinDesk Indices or its owners and affiliates.
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.
That's changing fast. AI is incredibly good at exactly the kind of messy pattern-matching this work requires: linking wallets to exchange accounts, data leaks, social media and timing patterns. And because the blockchain never forgets, this cuts backward in time too: a transaction from 2019 can be unmasked by software that didn’t exist until 2026. AI doesn't need to crack any codes; it just needs to read public data faster and cheaper than a human ever could.
Grayscale Research argues that AI is driving a third wave of public concern about financial privacy. The first came in the 1970s as financial records went digital, and the second in the 1990s with the rise of the internet. As more real-world finance moves onto public blockchains, whether that’s stablecoins, company payments or trading activity, the concern will only get more acute. Few businesses want their payroll or supplier list visible to competitors. This isn't about hiding wrongdoing; it's the same reason why your bank doesn't publish your balance to the world. Privacy means choosing who gets to see your financial information, not eliminating oversight altogether.
This is the gap Zcash was built to fill
Launched in 2016 using Bitcoin's own code, Zcash keeps Bitcoin's core design — the 21-million-coin limit, the same mining-based security model — but adds something Bitcoin doesn't have: an option to make transactions private. In a "shielded" Zcash transaction, the network can still confirm that the payment is legitimate (no fraud, no double-spending) without revealing who sent it, who received it or how much was sent.
If someone needs to prove something to a regulator or business partner, they can share a special "viewing key" that unlocks just that information, without handing over control of their money. A full viewing key can reveal incoming transactions and the details of standard outgoing payments to whomever it's shared with. Disclosure becomes something the user grants selectively rather than something the network forces on everyone by default.
Interestingly, the idea predates Zcash by years. Bitcoin's own creator, Satoshi Nakamoto, mentioned this style of cryptography in a 2010 online post, though they admitted they didn't see how to apply it to Bitcoin at the time.
The numbers suggest people are actually using this feature, not just holding the coin. Shielded transactions have grown sharply over the past two years, even as ordinary transparent transactions stayed flat. Around 4.9 million Zcash (ZEC) — close to 29% of all coins ever mined — now sit in the shielded pool. Meanwhile, ZEC's price rose roughly 2,300% between September 2025 and September 2026. Grayscale launched a spot Zcash investment product on the NYSE in August 2026, and it attracted nearly $1 billion in assets in just over a month.
Privacy also gets stronger as more people use it: every new shielded transaction adds to a shared pool of activity that makes it harder to single out any one person. That's different from a lot of tech features — usually more users just means more traffic, not better protection for everyone already there. And because you can't "un-publish" a blockchain, privacy has to be built in from the start; it can't easily be bolted on later. Zcash keeps refining its design — an upgrade called Ironwood, released in July 2026, replaced part of the system's cryptographic engine and fixed a known security issue.
Worth noting: Zcash's privacy tools raise a real regulatory question — not whether privacy itself is illegal, but whether the selective-disclosure system it offers will satisfy regulators used to full transaction visibility. That question gets harder as global anti-money-laundering rules and the European Union's Markets in Crypto-Assets regulation (MiCA) push toward more automatic reporting, not less. How that tension resolves will likely shape how far this technology can go in mainstream finance.
If Bitcoin's founding idea was "everything is visible, and that's the point," Zcash's bet is that the next stage of digital money will be built around choice: visible when you want it to be, private when it needs to be. Zcash has been building toward that answer for a decade, while the rest of the market argued about whether the question mattered. It does.
Headlines of the week- By Helene Braun
Several of crypto’s biggest market, regulatory and tokenization stories converged this past week as the SEC cleared the way for 3x leveraged bitcoin BTC$83,336.98 and ether ETH$2,575.64 ETFs, more than 60 U.S. stocks including Nvidia and Tesla moved closer to trading onchain, BlackRock outlined how tokenization could reshape entire investment portfolios and the Clarity Act’s setback tested whether regulatory uncertainty will slow record crypto dealmaking.
SEC approves a 3x fix for bitcoin and ether traders who miss the wild swings: On Oct. 2, the agency approved a Cboe BZX rule change to allow six ETFs issued by Volatility Shares, each aiming to deliver three times the daily return of the underlying asset.More than 60 U.S. stocks including Nvidia and Tesla are headed onchain. Here’s how it works: The planned 24/7 venue will offer dozens of tokenized U.S. stocks, with trades conducted against stablecoins through blockchain-based liquidity pools rather than a traditional order book.BlackRock offers a glimpse of how tokenization may change your investment portfolio: Tokenization is not just about putting individual stocks and funds onchain. The next step could be entire investment portfolios that can be traded, rebalanced and eventually managed in real time.The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking: Crypto M&A has hit record levels, but the Clarity Act’s Senate setback leaves dealmakers weighing how much regulatory uncertainty still matters.Chart of the WeekORE weekly revenue picks up as price responds
ORE's weekly protocol revenue has rebounded from a $319,000 low in early April to $818,000 last week, and the token has followed, up from about $39 to $111 over the same span. Since January 2026 it has had roughly 1.5x the weekly beta of SOL, and it has outperformed SOL since October 2025 (+27% versus −39%), with revenue-funded buybacks as a plausible cushion.
Looking for more? Receive the latest crypto news from coindesk.com and market updates from coindesk.com/institutions.
This information must be preceded or accompanied by a current The Zcash ETF prospectus, which may be obtained by clicking here. Please read the prospectus carefully before investing. The Zcash ETF ("ZCSH" or the "Fund"), an exchange traded product, is not registered under the Investment Company Act of 1940 (or the ’40 Act) and therefore is not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds. An investment in ZCSH is subject to a high degree of risk and heightened volatility. ZCSH is not suitable for an investor that cannot afford the loss of the entire investment. An investment in the Fund is not a direct investment in ZEC.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Zcash Foundation joins Project Eleven to shape institutional custody infrastructure for the post-quantum and AI era as more than $1 trillion in digital assets remain at risk of attack by sufficiently powerful quantum computers.
, /PRNewswire/ -- Project Eleven, the post-quantum security company for digital assets, today introduced Strongpoint, its flagship custody platform built for navigating the transition to post-quantum cryptography. Zcash Foundation joins Project Eleven as an initial development partner, helping shape Strongpoint's institutional custody architecture.
Strongpoint is designed to give institutions a consistent control layer for securing and managing digital assets as networks change the cryptographic standards underneath them. Rather than rebuilding key-management, transaction approval, and audit infrastructure for each new signature scheme or network migration, institutions can maintain a common set of security controls while the underlying cryptography evolves.
"Institutional digital asset custody was built for a world where the cryptography underneath it rarely changed," said Alex Pruden, CEO of Project Eleven. "Quantum computing is upending that model. If every network adopts a different solution, institutions could be forced to rebuild their security infrastructure again and again. Strongpoint is built around crypto-agility, so the cryptography can change without the infrastructure changing with it."
"Institutions holding shielded ZEC need custody infrastructure that respects Zcash's privacy model today and can adapt as cryptographic standards change," said Alex Bornstein, Executive Director of Zcash Foundation. "Project Eleven is building Strongpoint with the crypto-agility and technical foundation needed to support those requirements over time, helping strengthen custody infrastructure for the broader ecosystem."
Zcash Foundation Joins as an Initial Development Partner
Zcash Foundation joins as an initial development partner for Strongpoint, bringing its expertise in privacy-preserving cryptography and protocol engineering to Strongpoint's institutional custody architecture. Zcash's privacy-preserving design introduces sophisticated key-management and transaction requirements, making it a valuable environment for developing custody infrastructure capable of supporting evolving cryptographic standards.
The collaboration will help inform how Strongpoint handles network-specific requirements while maintaining a consistent institutional control framework across assets and cryptographic schemes.
Post-Quantum Migrations Are Taking Different Paths
The digital asset industry's post-quantum transition is becoming a coordination challenge. Among the networks represented by the 20 largest assets in CoinGecko's Layer 1 (L1) category by market capitalization, Project Eleven found that only 10 have published a network-specific technical proposal, roadmap or implementation path for migrating transaction or account authentication to post-quantum cryptography.
Those approaches span at least six proposed post-quantum signature schemes and vary significantly in how they address account migration, key rotation and legacy-asset recovery. Even where technical roadmaps exist, operational readiness remains uneven, leaving institutions to navigate different standards and requirements across networks.
For institutions operating across multiple networks, that fragmentation means accommodating different cryptographic standards and migration requirements without losing a consistent security model. Strongpoint is designed to provide that common operating layer while allowing the cryptography beneath it to change independently.
Early Access and Deployment
Project Eleven targets production deployment in Q4 2026 and is working with a limited group of development partners ahead of general availability. Additional development partners and supported networks will be announced. Institutions interested in early access can request more information at projecteleven.com/strongpoint.
Founded in 2024 by Alex Pruden and Conor Deegan, Project Eleven raised a $20 million Series A led by Castle Island Ventures in January 2026, bringing its total funding to $26 million. The company recently acquired Riva Labs, a specialized engineering firm with deep expertise in post-quantum signatures, wallet infrastructure and blockchain cryptography, expanding Project Eleven's in-house research and protocol-engineering capabilities.
Methodology: Project Eleven reviewed the 20 largest assets in CoinGecko's Layer 1 (L1) category by market capitalization on September 25, 2026. A network was counted only where an official network organization, foundation, core development team or recognized protocol-improvement process had published a network-specific technical proposal, roadmap or implementation path for migrating transaction or account authentication to post-quantum cryptography. General research programs, statements of intent and post-quantum work that did not specify such a migration path were not counted. Draft technical proposals were included and do not imply network approval or adoption.
Alex Pruden and Conor Deegan are available for interview.
About Project Eleven
Project Eleven builds resilient infrastructure and tooling for the post-quantum era. The company develops scalable solutions that strengthen security across a rapidly evolving quantum threat landscape. With deep expertise in cryptography, blockchain, and financial systems, Project Eleven bridges advanced post-quantum research with real-world implementations that prepare the digital asset ecosystem for the future. For more information, visit www.projecteleven.com.
About Zcash Foundation
Zcash Foundation, a 501(c)(3) public charity, builds financial privacy infrastructure for the public good, primarily serving users of the Zcash protocol and blockchain. With expertise in cryptography, protocol engineering, and open-source development, Zcash Foundation works to sustain and improve open financial networks that allow anyone to protect their own privacy, on their own terms. For more information, visit zfnd.org.
Media Contacts
Aubrey Strobel / Elena Nisonoff, Halcyon Communications
[email protected]
Grayscale is strengthening its bullish stance towards Zcash as institutional attention shifts increasingly towards blockchain privacy. Just recently, the asset manager mentioned that Zcash could continue extending its share of the blockchain privacy market.
The privacy narrative is now gaining another platform through Grayscale Head of Research Zach Pandl.
Reportedly, Zach is expected to present the “Macro Case for Zcash” at Singapore’s Digital Asset Yield Summit today, 6th October.
Pandl’s appearance is expected to bring Zcash’s privacy proposition before an audience focused increasingly on opportunities around institutional digital assets. This development also follows the expanding interest in those cryptocurrencies that mainly focus on privacy as investors reassess their role within the wider market.
Notably, that attention arrives as ZEC large holders simultaneously move substantial supply away from trading platforms.
Fresh accumulation validates ZEC demand According to Lookonchain on an X post, a new wallet withdrew 7,166 ZEC valued roughly $9.67 million from Coinbase within 12 hours. Moving such a considerable position from Coinbase decreased the amount of ZEC tokens immediately available on the exchange.
Besides, the spot market activity additionally favoured the underlying demand outlook despite ZEC’s ongoing price correction.
In particular, the Spot Taker CVD indicator remained taker-buy dominant at press time, suggesting aggressive buyers continued outweighing sellers across the spot markets. The combination therefore placed the Coinbase withdrawal within a broader pattern of continued spot demand.
The bulls were, however, yet to translate that demand into a sustained price recovery.
Source: Zcash Spot Taker CVD on CryptoQuant Liquidation liquidity builds above Zcash ZEC’s Binance Liquidation Heatmap shows a significant concentration of leveraged positions sitting above its prevailing market price.
Notably, the strongest nearby liquidity cluster can be seen around the $1,370 – $1,380 region, introducing a potential liquidity target in case of a price recovery.
Besides, further liquidation levels extended above this region, although their concentration became more dispersed towards $1,400. This positioning created considerable overhead liquidity as ZEC price attempted to stabilize following its retracement from recent highs.
A rebound from the developing key support could bring the $1,370–$1,380 cluster zone into focus first. ZEC price moving towards this area could trigger short liquidations and potentially validate an initial recovery attempt.
Source: Binance ZEC/USDT Liquidation Heatmap on CoinGlass ZEC retraces after completing Elliott impulse wave Zcash retraced after completing the Elliott impulse wave earlier predicted by AMBCrypto.
The earlier setup projected a fifth-wave advance towards the $1,500 price level after ZEC established wave-four support around the $1,054.72 area.
Eventually, Zcash [ZEC] price exceeded that target, reaching the $1,600–$1,700 region before a correction developed.
Subsequently, ZEC pulled back towards the $1,295 area, where the bulls attempted to establish near-term support.
The RSI indicator also cooled to 49.65 following the correction, reflecting weaker buying pressure after the previous overbought conditions.
A sustained hold of the $1,295 level could support a relief move toward the dense liquidation cluster around the $1,370–$1,380 region.
Losing $1,295 support however could likely extend the retracement towards the order block immediately below, which stretches towards $1,100, providing a deeper structural support.
A reaction from this order block could therefore introduce another base for buyers in case the $1,295 support fails.
Source: ZEC/USDT Chart on TradingView Final Summary Grayscale’s growing Zcash focus coincides with a fresh $9.67 million Coinbase withdrawal. ZEC finding support at $1,295 could open a recovery path toward the overhead liquidity.
Fortitude podepsala s BITMAIN nezávazný dokument o záměru získat přednostní přístup k novému těžebnímu zařízení pro Zcash v hodnotě až 100 milionů USD. Společnost by složila vratnou zálohu ve výši 20 milionů USD.
TLDR Fortitude signed an LOI for priority access to BITMAIN’s next-generation Zcash mining equipment. The non-binding purchase commitment could reach $100 million if Fortitude proceeds with the order. Fortitude must provide a $20 million refundable deposit, equal to 20% of the proposed commitment. DCG increased Fortitude’s credit facility from $50 million to $70 million, with about $42.7 million still available. Fortitude currently operates 4.7 GSol/s and previously ordered 9,000 Z15 Pro miners that could add 7.56 GSol/s. Fortitude Mining Holdings has signed a letter of intent with BITMAIN to secure priority access to unreleased Zcash mining machines. The agreement includes a non-binding commitment to buy up to $100 million of the next-generation equipment.
The deal extends Fortitude’s push into Zcash mining after the company expanded its Equihash fleet and power footprint. Management said early access could help the company add new hardware as BITMAIN brings it to market.
Priority Access Expands Zcash Mining Plans Fortitude operates about 4.7 GSol/s of Equihash hashrate. The company controls more than 60 megawatts of contracted power across seven sites in South Dakota, Nebraska, Texas, and New York.
In July, Fortitude agreed to purchase 9,000 Antminer Z15 Pro machines for $31.5 million. Those units would add 7.56 GSol/s of capacity. The plan comes as Zcash gained new THORChain support after months of technical work.
The letter of intent requires Fortitude to place a refundable $20 million deposit, equal to 20% of the commitment. The company plans to draw that amount from its credit line this week.
Fortitude raised its credit facility with parent Digital Currency Group to $70 million from $50 million. It still has about $42.7 million available to borrow, giving the company funding room for the deposit.
Fortitude Builds Around ZEC Strategy Digital Currency Group spun Fortitude out of Foundry’s self-mining business in January 2025. Since then, Fortitude has developed a venture-mining model with Zcash at its core, while Zcash grant approvals reached $8.39 million this month.
The company has kept adding Zcash mining capacity while ZEC prices have risen sharply. Zcash traded above $1,370 on Tuesday, gaining 3.6% over 24 hours, while Fortitude prepared for another possible future hardware purchase.
DCG founder Barry Silbert has previously said Zcash could reach 5% to 10% of Bitcoin’s market value over time. Fortitude’s hardware plan follows that group view, although the purchase commitment remains non-binding.
The move also comes as Zcash investment products recorded weekly outflows after earlier demand. Fortitude’s planned equipment purchase would depend on final terms, equipment availability, and the company’s decision to proceed. For now, the agreement gives Fortitude priority access rather than a completed $100 million order.
In brief Zcash and Monero were the two best performers among the largest coins over 24 hours, while Bitcoin gained just 0.59% and Ethereum 0.34%. Zcash still trades about 19% below its late-September high of $1,698, and Grayscale's Zcash ETF saw $30.25 million in outflows on Sept. 30. Macro is holding everything still: the Fed hiked to 3.75%-4.00% on Sept. 16, then September payrolls came in at 29,000 against 84,000 expected. After weeks of Bitcoin turning heads and climbing the charts, the top of the crypto market is now barely moving. Bitcoin trades at $86,264.06, up 0.59% over 24 hours. Ethereum sits at $2,714.39, up just 0.34%.
The whole market is worth just north of $3 trillion, essentially flat for the day, according to CoinGecko data. The rest of the 12 largest coins are drifting in roughly the same way. Solana gained 1.4% and XRP 1.07%, while BNB lost 0.41% and Tron 0.22%.
Myriad: How high will Bitcoin go? Click to make your prediction.Most traditional coins are flat, and then there’s privacy coins.
Zcash, perhaps the best known privacy coin, has been on a tear over the last year, and today is up 3%, recovering from a pullback off its recent peak near $1,600. Monero, meanwhile, is up 2.14% at $562.32 over the last 24 hours, making the privacy coins the standout performers on the day.
The daily charts tell the two coins apart. Zcash is up 2.62% on Binance since the day's candle opened, so its move is still running. Monero is riding a spike that began yesterday and kept running during the last 24 hours..
The overall flat tape for the crypto market has a reason. The Federal Reserve raised rates to 3.75%-4.00% on Sept. 16, its first hike since July 2023. Then the September jobs report landed with just 29,000 new jobs against the 84,000 economists expected, and unemployment ticked up to 4.2%.
That weak print cut the odds of an October hike to about 22% right after the report, according to CME FedWatch. The likelihood that interest rates do not increase again is a good sign for risk assets, so the September rate hike combined with odds of another hike sinking is essentially a wash—hence, a flat market.
Bitcoin, though, continues to show bullish momentum. Yesterday, it flashed a second golden cross, with its 100-day exponential moving average crossing above the 200-day. It is still sitting below resistance at $87,354. But even the most sustained bull runs need time to breathe.
Now, here’s the caveat on Zcash. A green day is not a trend reversal. ZEC still sits about 19% below its late-September high of $1,698, and one day of buying does not close that gap.
Zcash slid to $1,333.50 intraday on October first as Grayscale's Zcash ETF lost $30.25 million. Even after that outflow, the fund has taken in about $268 million in net inflows since it launched on Aug. 25.
Zoom out, and Zcash is its own story. The coin has gained about 2,500% over the previous 12 months, and it still not showing signs of a serious trend reversal.
The latest leg was a 253% climb from a $480.72 base to the $1,698 high in late September. It came with two big events: Grayscale's Zcash ETF launched on Aug. 25, and coinholders voted 98.9% on Sept. 17 to keep Bitcoin-style halvings (and keep the coin's inflation in check).
A cooldown is not out of character for this coin. ZEC dropped 38% when the Ironwood counterfeiting scare hit earlier this year, then recovered past $1,600. Against that, the current slide of about 19% from the September high is mild.
Monero is in a similar spot. XMR trades about 11% below its September high of $632.86. Its market cap is $10.57 billion, less than half of Zcash's $23.18 billion.
Based on the daily charts, both privacy coins are in consolidation, not breakout. On Zcash's daily chart, price is at $1,372.69, stuck just under the resistance zone at $1,403.89, measured from the $451.75 low to the $1,698 high. Today's high of $1,385 did not reach it. The 38.2% level at $1,221.93 sits below as the next marker.
A faster gauge disagrees on Monero, which is deep in overbought territory, but is showing a more constrained movement, trading sideways since late September.
Here are the levels to watch in the near term: Bitcoin needs to clear $87,354, Zcash faces $1,403.89 overhead, and Monero needs to keep holding above $558.69.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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Ředitel výzkumu ve společnosti Grayscale Zach Pandl má 6. října 2026 na singapurském summitu Digital Asset Yield Summit představit makroekonomický argument pro Zcash 160 institucionálním alokátorům kapitálu.
@Grayscale has made little secret of its conviction on @Zcash. The asset manager has publicly argued that the crypto market is underpricing financial privacy, and that $ZEC stands to benefit as that view shifts. Now, its Head of Research is taking the case to one of the most closely watched institutional venues in Asia.
The Singapore Stage Grayscale Head of Research Zach Pandl is scheduled to speak at Singapore's Digital Asset Yield Summit on October 6, where he is expected to lay out the macro case for Zcash. That audience matters. A privacy-coin thesis delivered to senior institutional allocators carries different weight than a research note.
The Bull Case Grayscale Has Been Building The firm's published research frames the opportunity in structural terms:
The backdrop has shifted considerably in recent months. giving traditional brokerage investors direct exposure to the token for the first time.
Despite the rally, Grayscale's view is that the repricing is not complete. while still arguing the gap with broader crypto valuations reflects a market that has not fully priced privacy as a core monetary feature.
What Pandl says in Singapore will be worth watching closely. Grayscale has the institutional credibility and the product suite to move capital, and a formal macro argument for $ZEC in front of 160 capital allocators is not nothing.
Sources:
Grayscale Research: Zcash, Financial Privacy in the Age of AI
CoinDesk: Zcash Upside Hinges on Repricing Financial Privacy, Grayscale Says
Digital Asset Yield Summit, Singapore, October 6 2026
A privacy-focused cryptocurrency project has moved from informal education in the capital to a formal lobbying presence. Pretty Good Policy for Zcash, or PGPZ, registered under the Lobbying Disclosure Act with an effective date of October 1, 2026, naming executive director Divij Pandya as its only in-house lobbyist.
The filing frames the organization’s work around ecosystem development, protections for software developers, and financial privacy, and it identifies three measures already on the group’s agenda.
Those measures are H.R. 3633, the Digital Asset Market Clarity Act, often called the CLARITY Act; the Aligning Digital Assets with Principles of Taxation Act, known as the ADAPT Act; and the Digital Asset Tax Certainty Act.
The registration does not spell out specific amendments. It lists the bills as current or expected subjects of contact with federal officials, leaving the precise positions for later disclosure reports.
PGPZ was formed in June 2026 out of Pretty Good Policy for Crypto, an effort Electric Coin Co. started in 2022.
That earlier initiative held recurring policy roundtables in Washington and arranged a congressional briefing on privacy-enhancing and encryption technologies in 2023.
The newer group presents itself as an independent policy organization, not an arm of the Zcash Foundation, and says it is not endorsed by the foundation.
Its stated role is to help lawmakers and regulators understand privacy-preserving digital money, and to respond when legislation or rules could affect the Zcash network.
Founder Paul Brigner, who is also chief policy and regulatory officer at the Zcash Open Development Lab, has described the aim as giving the project organized and credible representation in Washington.
In comments carried by industry coverage, he argued that officials are deciding whether privacy-preserving digital cash can exist, be used within the law, and serve a public purpose, and that PGPZ exists so Zcash is explained and defended in those debates.
Pandya, who previously worked at the advisory firm FS Vector, is expected to handle Capitol Hill outreach, policy analysis, and coalition work.
Funding for the first year comes from the Zcash community rather than a corporate treasury.
Zcash Community Grants approved a $750,000 request on August 31 after reviewing a one-year operating plan.
Brigner, who sits on the grants committee and helped set up PGPZ, stepped aside from that discussion.
The budget sets aside roughly $400,000 for operations, staffing, and professional services, about $125,000 for administrative support through the Financial Privacy Foundation, and about $120,000 for legal, lobbying, tax, accounting, and compliance work.
Smaller amounts cover events, travel, research, and communications.
The application bars the money from campaign contributions, partisan election activity, or efforts to promote the market price of ZEC.
The timing tracks a stalled market-structure debate.
The Senate Banking Committee advanced its version of the CLARITY framework in May, but on September 15 the Senate failed to invoke cloture on a motion to proceed to H.R. 3633, voting 49–50 when 60 votes were required.
Tax measures named in the filing have moved on separate tracks: the House Ways and Means Committee ordered an amended Digital Asset Tax Certainty Act reported in mid-September, and Senator Steve Daines introduced the ADAPT Act on September 30.
PGPZ’s early plan calls for introductory meetings with policymakers, educational materials for congressional offices, policy briefs, and at least one briefing.
An October 14 Washington fly-in and a Cypherpunk Policy Dinner are among the first scheduled activities.
The group has also flagged developer liability, anti-money-laundering rules, sanctions, and financial surveillance as areas it intends to watch, with particular attention to safe harbors for people who write and maintain noncustodial privacy software.
The registration places a shielded-transaction network inside a lobbying field already occupied by much larger digital asset firms. Whether a dedicated privacy advocate changes the text of market-structure or tax bills remains open.
What has changed is the paper trail: Zcash-related arguments will now be made under a disclosure regime that requires named lobbyists, reported contacts, and public spending figures.
Samson Mow ze společnosti JAN3 zpochybnil více než 1 000% růst Zcash od začátku roku a označil tržní kapitalizaci přesahující 22 miliard USD za uměle nafouknutou.
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Bitcoin maximalist and JAN3 head Samson Mow has publicly challenged the sustainability of Zcash's current parabolic rally. Commenting on the ZEC/USDT chart, where the coin corrected to $1,300 after recently surging to a peak near $1,600, Mow focused on the asset's year-to-date performance.
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He said the privacy coin's market capitalization had been artificially inflated and that the market faced an inevitable return to the mean.
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What Bitcoin maximalists think is wrong with ZcashIn Mow's view, there simply isn't enough speculative capital in the market to keep Zcash among the top 10 cryptocurrencies at a valuation above $22 billion after its rise of more than 1,000% since the start of the year.
JAN3's head and other Bitcoin proponents traditionally view projects like this as redundant. They argue that Bitcoin layer-2 solutions, such as the Lightning Network, already provide the necessary level of privacy.
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Among ZEC's main fundamental flaws, maximalists point to the historical "dev tax," high fund fees (2.5% at Grayscale) and the overall centralization of its governance. They also cite past staffing crises at Electric Coin Company. The criticism comes amid Mow's own ambitious forecast: drawing on its internal OMEGA60 model and algorithms such as Power Law, his company expects Bitcoin to reach $1 million around 2028–2033.
From this perspective, diverting liquidity to altcoins is considered strategically unwise, since sovereign adoption could push BTC to that level significantly faster than the models predict.
Zcash (ZEC) perpetual contract weekly price chart on TradingView showing the late 2026 rally and recent pullback, Source: TradingViewZcash supporters, however, attribute the coin's current 1,077% gain over the past 12 months to real infrastructure changes that run counter to their critics' skepticism. On October 4–5, developers activated the NU7 upgrade on testnet, which is expected to make block generation three times faster.
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ZEC's liquidity has also been supported by the recent launch of pools on THORChain and a $306 million inflow into Grayscale's spot ETF, although the fund recorded its first major outflow this week, at $93 million.
This technological optimism is now clashing with regulatory pressure. The coming weeks will show whether the coin can hold in the $1,280–$1,330 range or whether the market will prove the maximalists right and trigger a major correction in the rally.
Anyone can point AI agents at SHA-256, SHA-3, BLAKE3 and Poseidon on Yukon, with every result published and reviewed by cryptographers. The open competition hosted on Yukon will test how far it can advance attacks on the hash functions that underpin cryptography across the internet.
, /PRNewswire/ -- Eigen Labs and Shielded Labs, a leading Zcash organization, today launched HashSmash, an open competition that tests how far AI agents can advance attacks on four widely used hash functions, SHA-256, SHA-3, BLAKE3 and Poseidon. AI systems have already found thousands of previously unknown vulnerabilities in widely used software, including operating systems and web browsers. Those were flaws in code. Whether AI can find weaknesses in the mathematics of cryptography itself is an open question, and HashSmash is designed to test it in public. To better understand what that means for the cryptography those systems depend on, Shielded Labs and Eigen Labs today announced HashSmash, an open competition that will deliberately point AI agents at some of the world's most widely used cryptographic hash functions to see if they can be exploited.
The launch comes as Shielded Labs begins Epoch, a new research and engineering project to future-proof Zcash against emerging threats from quantum computing, increasingly capable AI, sophisticated hackers, and adversarial governments. Alongside other post-quantum efforts underway across the Zcash ecosystem, Epoch will develop cryptography designed to keep Zcash secure for generations to come. HashSmash will help test and strengthen some of the fundamental cryptographic building blocks underlying that effort, while making the resulting research available to researchers and cryptographers.
The competition will run on Yukon, Eigen Labs' open frontier research platform, where humans and AI agents work collaboratively on scientific problems, publicly track submissions and results, and build on one another's discoveries. Zcash is a privacy-focused digital currency and longtime pioneer in zero-knowledge cryptography, which brings cryptographic expertise and a real-world security perspective to the challenge.
HashSmash will initially target SHA-256, SHA-3, BLAKE3, and Poseidon, hash functions that act as digital fingerprints, help verify data, and secure everything from blockchains and zero-knowledge systems to software and the very foundation of the internet. The goal is straightforward: find out how much increasingly capable AI can advance cryptanalysis, or codebreaking, where weaknesses may emerge, and which cryptographic approaches hold up best under pressure.
"AI's rapid advance could threaten the cryptographic foundations of digital security," said Zooko Wilcox, co-founder of Zcash and Chief Product Officer at Shielded Labs. "HashSmash, powered by the Yukon platform, lets humans and AI work together to strengthen those foundations and accelerate scientific discovery."
Anyone can participate by directing an AI agent at the challenge and using whatever tools or techniques they choose, including SAT solvers, automated differential search, formal methods, or combinations of those approaches. Every proposed attack must clearly show what it can defeat and how much computing power it requires. An AI verifier first reviews submissions, then a committee of expert cryptographers takes the next pass. All results are public, allowing researchers and agents to build on earlier discoveries and create a shared, continuously advancing frontier for AI-assisted cryptanalysis.
"Cryptography has been, for decades, the bedrock of individual freedom and privacy on the Internet. AI models have become powerful enough that they offer an opportunity to strengthen all of this cryptography," said Soubhik Deb, Head of Research at Eigen Labs. "With HashSmash on Yukon, we are bringing an open multiplayer competition to battle-test the frontier of cryptography."
Yukon challenges have already produced measurable results, with ECDSA.fail beating a Google Quantum AI benchmark by more than 60%, Lighter.fast cryptography competition led to more than 10x improvement in the throughput and MLX.fast making Google's Gemma model roughly 2.6x faster on Apple Silicon. Most recently, Eigen Labs and the Ethereum Foundation also launched sig.golf, a Yukon challenge focused on post-quantum security for Ethereum.
HashSmash is open now at Yukon.org. Point your agent at the competition and help prepare cryptography for what AI finds next.
About Eigen Labs
Eigen Labs is an AI research lab building tools for human and agent coordination that preserve and maximize individual agency in the PostAGI era.
We're building the open stack for open intelligence, coordination systems and infrastructure that help individuals and open networks operate at the speed of machine intelligence.
Learn more at www.eigenlabs.org.
About Shielded Labs
Shielded Labs is a leading Zcash organization focused on advancing the security and sustainability of the network. Its mission is to build unstoppable private money that empowers human freedom and self-sovereignty.
About Zcash
Launched in 2016, Zcash is a decentralized digital currency and payment network designed to provide users with greater control over the privacy of their financial transactions.
Skupina Pretty Good Policy for Zcash se ve Washingtonu zaregistrovala k lobbingu a chce prosazovat zájmy Zcash v americké politice týkající se digitálních aktiv. Na první rok práce získala grant ve výši 750 000 USD.
A Zcash-focused advocacy group has filed to lobby in Washington, stepping up the privacy-oriented cryptocurrency ecosystem’s efforts to shape US policy on digital assets.
Pretty Good Policy for Zcash (PGPZ) filed a lobbying registration effective on Oct. 1, naming executive director Divij Pandya as its sole lobbyist. The registration lists the Digital Asset Market Clarity Act and two digital asset tax proposals as among its current and anticipated lobbying issues.
PGPZ was launched in June this year, growing out of Pretty Good Policy for Crypto, which was launched in 2022 by Electric Coin Co. The initiative hosted Washington policy roundtables and organized a congressional briefing on encryption technologies in 2023.
PGPZ founder and chief policy and regulatory officer of ZODL, Paul Brigner, said the goal is to “make sure Zcash has serious, organized, and credible policy engagement in Washington.”
“Policymakers are making decisions that will affect whether privacy-preserving digital cash can exist, be used lawfully, and serve the public interest. PGPZ is about ensuring Zcash is understood, represented, and defended in those conversations,” he said.
In August, the Zcash Community Grants approved a $750,000 grant to fund PGPZ’s first year of work.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Zcash spustil upgrade NU7 na testnetu, kde se testují změny včetně zkrácení cílového intervalu bloků z 75 na 25 sekund. Aktivace mainnetu je plánována na listopad.
Zcash activates NU7 on testnet ahead of November mainnet targetZcash’s NU7 upgrade is now live on testnet, giving developers several weeks to assess 25-second blocks and other protocol changes before a planned November mainnet activation.
Zcash has activated its NU7 network upgrade on testnet, moving the planned protocol changes into live testing about a month before its targeted mainnet rollout.
According to Zcash testnet block explorer ZecBlock, block 4,465,026 — NU7’s scheduled activation point — was mined on Oct. 4 at 18:21:45 UTC. Zcash confirmed the activation in a post on X, saying NU7 was live on testnet.
NU7 is Zcash’s next network upgrade and seeks to reduce the network’s target block spacing from 75 seconds to 25 seconds. The upgrade also disables version 4 transactions and integrates a Network Sustainability Mechanism that redirects part of transaction fees into future block rewards.
Disabling version 4 transactions would also leave ZEC held in Zcash’s legacy Sprout shielded pool unspendable unless users move the funds before NU7 fully activates.
The Zcash Foundation said on Friday that testnet operators should use the release candidate to test NU7 “under real conditions.” The testnet phase allows developers to assess the upgrade before deciding whether to proceed with mainnet activation.
Zcash developers are scheduled to make a final decision on mainnet activation and set its activation height on Oct. 20, based on their experience with NU7 on testnet. Mainnet activation is targeted for Nov. 5.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Americké Bitcoin ETF zaznamenaly za období 28. září až 2. října čisté přílivy 82,9 mil. USD, zatímco z Ethereum ETF odteklo 118 mil. USD. Bitcoin tak prudce zpomalil z 2,39 mld. USD v předchozím týdnu.
U.S. Bitcoin ETFs recorded provisional net inflows of $82.9 million for Sep. 28–Oct. 2, while Ethereum ETFs posted $118 million in net outflows, according to Farside Investors. Bitcoin’s reported weekly intake fell sharply from $2.39 billion in the preceding week.
Summary
Bitcoin ETFs added $82.9 million, with Friday’s BlackRock IBIT entry still pending. Ethereum ETFs lost $118 million after attracting $689.8 million in the previous week. Solana ETFs recorded $800,000 in net inflows, down from $188.1 million a week earlier. Hyperliquid ETFs added $3.4 million, while Zcash’s tracked fund lost $77.6 million. Farside Investors’ data showed Bitcoin ETFs recording inflows on four of the five trading days. Wednesday’s withdrawals reduced the weekly total, while Thursday’s intake was the largest positive session of the period.
Friday’s figures remained incomplete when checked on Oct. 3. Farside showed blank entries for BlackRock’s IBIT, ETHA and ETHB, so the Bitcoin and Ethereum weekly totals remain provisional.
Bitcoin ETF inflows fall from $2.39 billion Bitcoin funds opened the week with $31 million in net inflows on Monday, followed by $66.2 million on Tuesday. Wednesday brought $148.7 million in withdrawals before investors added $102.7 million on Thursday and a reported $31.7 million on Friday.
BlackRock’s IBIT recorded $292 million in net inflows across Monday through Thursday. Its largest intake was $195.6 million on Oct. 1, following $9.5 million in withdrawals a day earlier.
Fidelity’s FBTC posted $167.9 million in weekly net outflows, despite receiving $29.3 million on Friday. Bitwise’s BITB lost $38.6 million, while Grayscale’s GBTC recorded $54.6 million in withdrawals.
ARKB added $25.5 million over the week, and Grayscale’s BTC fund attracted $24.9 million. Morgan Stanley’s MSBT recorded $9.4 million in inflows.
The preceding week, Sep. 21–25, delivered five consecutive positive sessions, including $999 million on Monday and $714.7 million on Tuesday.
Ethereum ETFs reverse the previous week’s inflows Ethereum funds began Monday with $17.1 million in net inflows before recording withdrawals during each subsequent session, according to Farside’s Ethereum figures.
Tuesday’s outflow was $2.8 million. Withdrawals then reached $59.6 million on Wednesday and $55.4 million on Thursday, followed by a provisional $17.3 million on Friday.
Fidelity’s FETH accounted for $74.1 million in weekly net outflows. Its largest withdrawal was $26.6 million on Wednesday, followed by $23.5 million on Thursday.
Grayscale’s ETHE lost $27.9 million, while its ETH fund recorded $11.2 million in net withdrawals. VanEck’s ETHV and Franklin’s EZET lost $6.9 million and $6.1 million, respectively.
BlackRock’s ETHA recorded $6.5 million in net inflows through Thursday, while ETHB showed zero flows over those four sessions. Both Friday entries remained blank.
The reversal followed $689.8 million in Ethereum ETF inflows during Sep. 21–25, when every session finished positive. Monday’s $270 million intake led that earlier week.
Solana ETF inflows shrink to $800,000 Solana ETFs finished the week with $800,000 in net inflows, according to Farside’s table, compared with $188.1 million in the preceding week.
Monday and Tuesday brought inflows of $7.7 million and $5.4 million. Funds then lost $12.5 million on Wednesday and $1.1 million on Thursday before adding $1.3 million on Friday.
Bitwise’s BSOL recorded $1.3 million in weekly net inflows. Grayscale’s GSOL added $5.4 million, while FSOL attracted $2.8 million.
VSOL posted $6.8 million in withdrawals, and MSOL lost $1.9 million. TSOL and SOEZ recorded zero flows throughout the week.
BSOL’s $9.7 million Monday intake was its largest positive session, while its $8.9 million Wednesday withdrawal was its biggest outflow.
Hyperliquid gains $3.4 million as Zcash loses $77.6 million Hyperliquid ETFs recorded $3.4 million in net inflows, Farside reported. Monday and Tuesday showed zero flows, followed by a $5 million Wednesday withdrawal and inflows of $5 million on Thursday and $3.4 million on Friday.
HYPG attracted $8.4 million over the week, offsetting $5 million in withdrawals from BHYP. THYP recorded zero flows. The group had received $9.3 million during Sep. 21–25.
Farside’s Zcash data showed $77.6 million in withdrawals from ZCSH, reversing the previous week’s $35.2 million intake.
The fund lost $8.1 million on Monday, recorded zero flows on Tuesday, and posted $30.2 million in withdrawals on Wednesday. Further outflows reached $12.4 million on Thursday and $26.9 million on Friday.
