cash

Bitcoin developer Paul Sztorc announced the official launch of the Bitcoin hard fork network eCash, allowing BTC holders to exchange BTC for eCash at a 1:1 ratio after the hard fork goes live.It is reported that the Layer1 node software of this network will be an "almost replica" of the Bitcoin Core client, continuing to use the SHA-256 hashing algorithm and lowering the initial mining difficulty to attract more miners to participate. Meanwhile, eCash will also be equipped with seven Layer2 scaling networks called "drivechains" to enhance transaction throughput and support optional on-chain privacy features. Paul Sztorc stated that eCash is different from Bitcoin Cash in 2017, no longer using the "Bitcoin" name, and claims it is a long-term solution to Bitcoin's scalability and privacy issues. However, the proposal to manually reallocate a portion of Satoshi Nakamoto's approximately 1.1 million BTC to early investors has sparked strong controversy in the community, with some Bitcoin supporters criticizing the move as "theft" and a violation of Bitcoin principles.

According to Onchain Lens monitoring, the Balancer attacker, who has been silent for 5 months, has transferred 100 ETH (approximately $233,000) to a new address and has begun transferring ETH through Tornado Cash. Currently, the attacker still holds 21,900 ETH, worth approximately $51.13 million.

According to on-chain analyst Ai Yi's monitoring, the Venus attacker transferred 2,301 ETH (approximately 5.32 million USD) to address 0xa21...23A7f, and then gradually transferred it into Tornado Cash for laundering. Currently, there is still 17.45 million USD worth of ETH on-chain.

According to a Reuters report, SpaceX's prospectus shows that its Starlink business's operating revenue rose to $4.42 billion last year, a significant increase compared to $2 billion in 2024 and $469 million in 2023. In addition, the document reveals that Musk and a few insiders will maintain voting control through a dual-class share structure after the IPO.The company's cash position increased from about $11.4 billion at the end of 2024 to over $22.8 billion, with total assets of approximately $92 billion and total liabilities of about $50.8 billion by the end of 2025. Cash and cash equivalents on the balance sheet amount to $24.8 billion. Meanwhile, the xAI business's operating losses expanded to $6.4 billion last year.

According to the official announcement, Gate will launch the 13th phase of the Flash Exchange Lucky Draw event from April 20 at 18:00 to April 27 at 00:00 (UTC+8). During the event, users can initiate flash exchange transactions with a minimum of only $1, enjoy a zero-fee fast experience, and participate in the lottery to unlock PIEVERSE and lucky bag rewards. The prize pool is updated daily at 08:00 (UTC+8), and the number of rewards is limited, available on a first-come, first-served basis.During the event, new users who complete their first flash exchange transaction of no less than $1 will receive 1 lottery chance; users who complete a flash exchange transaction volume of $100 daily will receive 1 lottery chance, and additional lottery chances can be unlocked when the transaction volume reaches $500, $1,000, $5,000, and for every additional $10,000; for each new user invited who completes identity verification and their first flash exchange transaction of no less than $1, 1 lottery chance can be obtained, with a maximum of 10 chances per individual.In addition, users whose flash exchange transaction volume reaches 80,000 USDT can also participate in the cash reward activity, with a maximum reward of 200 USDT available, and a total prize pool of 20,000 USDT, distributed based on transaction volume ranking, available on a first-come, first-served basis.It is reported that Gate Flash Exchange currently supports over 2,400 types of cryptocurrency assets, providing zero fees, fast transactions,

According to market news, Silicon Valley's Chuan sold 233,296 $HYPE at an average price of $41.46, totaling $9.67 million $USDC, with a profit of over $1.18 million. He currently still holds 8,529 $HYPE (worth about $349,000).

The Zcash Foundation tweeted that it has released version 4.3.1 of Zebra. This version includes several critical security fixes, and all node operators are advised to upgrade immediately. Additionally, this version introduces a Dockerized mining environment, automated checkpoint management, and several CI enhancement improvements.

X product leader Nikita Bier posted on the X platform stating that, according to the aggregated data from the trading pilot, since the launch of Cashtags on Tuesday evening, the social platform X has driven approximately $1 billion in transaction volume globally. This data comes from the platform's early pilot phase and shows a significant pull effect on market liquidity and user engagement after the integration of social platform and trading functions.

The Hong Kong Stock Exchange today published a consultation document regarding the shortening of the settlement cycle for the Hong Kong stock cash market (the "Consultation Document"), proposing to shorten the settlement cycle from the current T+2 to T+1, and seeking market opinions on the proposal.

The token permission query tool Revoke.cash has launched a portal for checking affected addresses of CoW Swap. Users can enter their addresses in the portal to check if there are any unrevoked authorizations affecting them.Previously, CoW Swap's technical lead Felix Leupold tweeted that the CoW Swap frontend has resumed online, and users can access it via swap.cow.finance. He reminded users that they should only authorize the original GPv2VaultRelayer contract address.

According to on-chain analysis platform Arkham (@arkham), attackers exploiting the Bridged Polkadot vulnerability have transferred all stolen funds into Tornado Cash, involving an amount of approximately $269,000.

X product head and Solana ecosystem advisor Nikita Bier stated, "X has always been the best source for traders and investors to obtain financial information. Every day, billions of dollars are allocated based on what people see on their timelines. We have launched a brand new Cashtags feature on the iPhone in the US and Canada, bringing real-time financial data directly into X. Here’s how it works: · When you search for or post a Cashtag (or contract address), X will automatically recommend matching stocks or crypto tokens for you to select target assets. · By clicking any Cashtag, users can view related discussion threads and the price chart of that asset—without leaving the X platform. This feature ensures that users can always accurately match discussions related to the corresponding stock or token. Cashtags are just the first step in our commitment to creating the preferred platform for the financial and crypto community. Our vision is not just to provide charts. The content on X is valuable and actionable, so trading should also be seamless. Today we announced a pilot integration with Canadian brokerage Wealthsimple. Canadian users will see a button on the Cashtags page that allows them to complete trades seamlessly on X."

According to Fortune, Bitcoin mining pool giant Foundry has officially launched a new mining pool for the privacy coin Zcash.Foundry CEO Mike Colyer stated that this move aims to respond to the growing demand from large institutions for privacy coins. Currently, the mining pool has attracted several institutional miners, with its output accounting for nearly one-third of the newly added Zcash on the entire network.Zcash achieves transaction privacy based on zero-knowledge proof technology while supporting selective disclosure to meet compliance requirements, making it more favored by institutions compared to its competitor Monero.Boosted by this news, the price of Zcash has increased by over 75% in the past 30 days, with a current market capitalization of approximately $6.3 billion. Foundry currently controls about 31% of the global Bitcoin hash rate, making it the largest Bitcoin mining pool operator in the world.

The Zcash core development team Zcash Open Development Lab (ZODL) founder Josh Swihart released the latest progress on Zcash, proposing a strategic direction centered on "post-quantum security, scalability, and user experience," and using the Artemis II lunar mission as a metaphor to emphasize achieving seemingly impossible goals through technological breakthroughs. The ZODL team stated that Zcash is entering the "Zcash IV" phase, which will build infrastructure similar to a "lunar base" to support the protocol and application security scaling to billions of users, while promoting the vision of privacy transactions without large-scale financial surveillance.On the product and technology front, ZODL continues to iterate, with its 3.3.x version now launched on iOS and Android, adding hardware wallet connection management, SDK upgrades, and multiple experience optimizations, while advancing key developments such as Keystone wallet functionality and address system upgrades (ZIP 316, UIVK/UFVK). Meanwhile, the Zcash core team has fixed multiple system issues and is advancing the development of the Zallet alpha version, while strengthening unified address standards and wallet interaction experiences, laying the groundwork for future scalability and performance improvements.In addition, ZODL disclosed that its application data continues to grow and participated in a stablecoin privacy summit to strengthen industry collaboration. However, due to upgrades in regulation and network restrictions, ZODL has temporarily removed its app from the Russian app store. The team emphasized that privacy is not an option but a fundamental need in the digital age, and will continue to accelerate delivery pace to promote the popularization of ZEC and ecological development in the future.

According to official news, Gate will launch the 13th Anniversary Invitation Celebration from April 10, 12:00 to April 20, 12:00 (UTC+8). Users can invite friends to register and complete ≥1 USDT transaction to gain a chance to enter a lottery, with a 100% chance of winning GT token rewards. As the cumulative spot and contract trading volume of invited friends increases, the inviter can earn up to 11 lottery chances from a single friend, with no limit on the number of invitations. Additionally, invited friends can also receive tiered GT rewards after meeting trading standards.Furthermore, Gate will hold an Invitation New Speed Competition from April 9, 12:00 to April 19, 12:00 (UTC+8), with a total prize pool of 130,000 USDT. During the event, users will receive a cashback of 20 USDT for each friend invited who completes the specified trading task; after friends meet the advanced trading conditions, both parties can receive additional rewards. Finally, rankings will be based on the number of valid invitations, with the top user enjoying an exclusive cashback reward of 5,000 USDT.

Binance founder Zhao Changpeng (CZ) detailed the Terra/UST/LUNA collapse in his new book "Binance Life." In 2018, Binance's venture capital department invested $3 million in Terra in exchange for LUNA tokens. Starting on May 7, 2022, UST began to de-peg and rapidly collapsed, with approximately $60 billion in value evaporating.At the same time, the team informed that the early investment in LUNA was worth $1.6 billion, and CZ decided not to sell to cash out, reasoning that he did not want to trigger market panic, harm the project, or be seen as running ahead of retail investors. Nevertheless, the LUNA he held plummeted from a market value of $1.6 billion to a few thousand dollars within days, resulting in significant losses for Binance.CZ pointed out in the book that Terra claimed to have billions of dollars in reserves but did not use them to stabilize UST, and founder Do Kwon lacked transparent responses. The design of UST relied on LUNA as a reserve, and after the de-pegging, the system crazily minted LUNA, increasing the total supply by 1,000 times, accelerating the collapse. Terra ultimately used $3 billion in Bitcoin reserves to try to save the situation, but it was too late, and he expressed shock that Do Kwon might have privately kept $200 million for legal fees.

The U.S. Department of Justice (DOJ) has expressed clear opposition to the latest request by Tornado Cash co-founder Roman Storm to dismiss criminal charges, stating that the recent Supreme Court ruling is unrelated to this case and should not serve as a basis for dismissal.Storm's attorney previously informed the court that he intends to cite a new Supreme Court ruling (involving a civil case of copyright infringement) to support the motion to dismiss. However, U.S. prosecutors pointed out in a letter to the federal judge that the ruling addresses a situation and industry completely different from the current criminal charges and therefore should not affect the handling of this case.This legal battle reflects the contradictory stance of the Trump administration towards the cryptocurrency sector: on one hand, the U.S. government has shown a relatively supportive policy inclination towards cryptocurrency, while on the other hand, it still insists on pursuing criminal liability against certain cryptocurrency project developers. Given the current situation, Storm may still face a retrial, and the case is expected to enter the courtroom again.

The People's Court of Qinzhou District, Tianshui City, Gansu Province recently tried a criminal case involving virtual currency, where the defendant, through a "high-paying errand" job, knowingly withdrew a total of over 390,000 yuan within 7 days in areas without surveillance, and converted the funds into virtual currency to transfer to their superior, profiting 21,500 yuan in the process.The court determined that the defendant constituted the crime of concealing and disguising criminal proceeds, sentencing them to two years and four months in prison and imposing a fine of 10,000 yuan, as well as ordering the return of illegal gains. The judge reminded that offline cash withdrawals have become a key link in "laundering" telecom fraud proceeds, and that "errand cash withdrawals" and "high-paying daily settlements" are often part of the fraud chain. The public should be vigilant against behaviors such as cash collection, transfers, and assisting in fund transfers to avoid becoming accomplices in crime.

According to a report by CryptoSlate, the latest report from the Cardano Foundation shows that its asset structure is shifting from a heavy reliance on ADA to a diversified allocation. By the end of 2025, the proportion of ADA is expected to decrease from 76.7% to 51.6%, while the proportion of Bitcoin will significantly increase to 25.5%, and cash and financial assets will rise to 22.9%.It is reported that the total assets of the Cardano Foundation amount to 287.5 million Swiss francs (approximately 361 million USD), a decrease of about 45% compared to 659 million USD at the end of 2024. Notably, the increase in the proportion of Bitcoin held by the Cardano Foundation is not due to additional purchases; its BTC holdings have decreased from 1,054 to 656 (a decline of 37%). The increase in proportion is mainly attributed to Bitcoin's relative resilience and an overall adjustment of the reserve structure. Currently, its reserve system is transitioning from being driven by a single token to a more diversified and actively managed allocation model.