BTC $78,596.24 -0.10%
ETH $2,487.12 -0.05%
BNB $739.89 -1.52%
XRP $1.42 +0.14%
SOL $102.80 -0.73%
TRX $0.3385 -0.10%
DOGE $0.0890 -1.37%
ADA $0.2159 -4.30%
BCH $256.45 -0.70%
LINK $11.96 -5.35%
HYPE $85.14 +1.50%
AAVE $128.81 -0.81%
SUI $0.8002 -3.12%
XLM $0.1850 -2.96%
ZEC $1,266.04 +7.31%
BTC $78,596.24 -0.10%
ETH $2,487.12 -0.05%
BNB $739.89 -1.52%
XRP $1.42 +0.14%
SOL $102.80 -0.73%
TRX $0.3385 -0.10%
DOGE $0.0890 -1.37%
ADA $0.2159 -4.30%
BCH $256.45 -0.70%
LINK $11.96 -5.35%
HYPE $85.14 +1.50%
AAVE $128.81 -0.81%
SUI $0.8002 -3.12%
XLM $0.1850 -2.96%
ZEC $1,266.04 +7.31%

-founder

All
Article
Flash

F2Pool co-founder claims the rise of Zcash is due to narrative hype

F2Pool co-founder Wang Chun (@satofishi) pointed out that the current rise of Zcash is essentially a narrative-driven speculative behavior, rather than being supported by actual value. He listed several core issues: in terms of unfair distribution, 20% of the block rewards in the first four years were allocated as "founder's rewards" to founders, employees, advisors, and early investors, totaling 2.1 million ZEC, which accounts for 10% of the total supply cap. This was followed by a similar percentage taken under the name of a "development fund"; regarding privacy mechanisms, the privacy feature is optional rather than a default setting, and most tokens circulate in transparent addresses for a long time, criticized as a "marketing gimmick."In terms of governance, the Electric Coin Company (ECC) has long-standing management conflicts with the foundation, and in January 2026, the ECC team collectively left, claiming they were expelled. In terms of security, in May 2026, it was disclosed that the Orchard privacy pool had a serious vulnerability for four years, theoretically allowing the forgery of ZEC without on-chain traces. In July, the old pool was urgently closed and forced migration occurred, which was seen as a remedial action rather than a positive development. Wang Chun believes that Zcash being listed alongside Solana and Hyperliquid in market capitalization does not represent that it has the same actual application value; the current price reflects more of a "narrative short squeeze" rather than the network's fundamentals.

MYSTEN Labs co-founder Kostas Kryptos participates in the establishment of the cryptocurrency trading platform Havenex: Series A financing is about to be completed

The Sui development team co-founder of Mysten Labs, Kostas Kryptos, stated that Havenex is undergoing Series A financing and is about to complete it. All necessary license applications and some additional license applications have been submitted, and the financing amount is also close to being fully allocated.Havenex is not positioned to become another Coinbase, Binance, Bybit, or Kraken, but rather to provide infrastructure for financial institutions, enabling them to offer digital assets and traditional financial assets to clients while meeting regulatory, custody, security, and transparency requirements. Havenex plans to support a multi-chain architecture, verifiable custody, continuous solvency proof, default multi-signature, quantum-resistant keys, hardware two-factor authentication wallets, as well as self-custody and key loss protection mechanisms; in regions where regulations allow, it will also support privacy assets and RWA. The project will use Sui technology in suitable scenarios while integrating assets, bridging protocols, and foundational components from other ecosystems.The concept of Havenex was proposed by him, and he will currently participate as an advisor, but Mysten Labs and Sui remain his main focus. He stated that the project aims to establish transparency and security standards different from those of FTX and Mt. Gox, and to reduce the serious vulnerability risks caused by code generated by large language models recently.

first_img Towns transfers operational management to the Swiss Foundation, with some co-founders stepping back

Towns co-founders Ben and Pat announced that after five years of collaboration with Brian, they have completed the transfer of protocol operations to the Towns Foundation located in Switzerland. The new experienced leadership team will continue to manage the protocol, drive the next phase of growth, and will gradually appear through official channels. The protocol will continue to operate as a decentralized communication protocol, supporting on-chain community ownership, end-to-end encrypted messaging, programmable identities, and native value transfer.According to reports, Towns has accumulated over 1.6 million users and over 400,000 communities, with users expected to earn over $40 million through the protocol by 2025, and has completed listings on multiple mainstream exchanges. The protocol also supports real-time messaging, payments, governance, and $TOWNS network incentives. The team pointed out that building a sustainable company and building a protocol are different challenges, and in response to changes in the market environment, they chose to hand over the protocol to the appropriate team for continuation rather than shutting it down.Both parties expressed their anticipation for the foundation to promote the development of Towns in the intersection of decentralized communication and AI. Pat and Ben will engage in new ventures while continuing to support the transition part-time, thanking the team, investors, node operators, exchange partners, developers, $TOWNS holders, and community members.
app_icon
ChainCatcher Building the Web3 world with innovations.