zcash

According to SoSoValue data, yesterday (Eastern Time October 21), the total net inflow for the U.S. ZEC and NEAR spot ETFs was $15.1766 million and $830.7 thousand respectively, totaling a net inflow of $16.0073 million.For ZEC, only the Zcash ETF (ZCSH) recorded a net inflow of $15.1766 million on that day, with a historical cumulative net inflow of $169 million. As of the time of writing, the total net asset value of the ZEC spot ETF is $745 million, with a net asset ratio of 3.26%, and a historical cumulative net inflow of $169 million.For NEAR, only the Bitwise NEAR ETF (NRR) recorded a net inflow of $830.7 thousand on that day, with a historical cumulative net inflow of $86.7571 million. As of the time of writing, the total net asset value of the NEAR spot ETF is $91.3767 million, with a net asset ratio of 1.32%, and a historical cumulative net inflow of $86.7571 million.

Cryptocurrency exchange Gemini co-founders Cameron Winklevoss and Tyler Winklevoss stated in an interview that Bitcoin is a public, auditable blockchain where anyone can see transaction records, and this openness makes it unsuitable for privacy needs. Privacy coin Zcash is used for private transactions and payments, so the two can coexist. They mentioned that ideally, privacy should be built into Bitcoin, but currently, it is a practical model of Bitcoin storage and Zcash transactions. Bitcoin remains important, but the privacy exposure risk of public chains is greater in the face of artificial intelligence.The Winklevoss brothers stated that Zcash complements the missing privacy features of Bitcoin, serving as a privacy-focused Bitcoin, and the privacy value of ZEC has yet to be fully realized. If it reaches 10% of Bitcoin's market value, ZEC could rise fivefold, easily surpassing $5,000. They are optimistic about ZEC's price performance in the next 5 to 10 years, especially as privacy demand increases, and they described Zcash as a financial privacy protection tool in the era of artificial intelligence, an antidote against AI-driven surveillance and tyranny, and a hedge against artificial intelligence or quantum threats in the cryptocurrency space.

The core feature of the NU7 upgrade is to reduce the time interval between Zcash blocks from 75 seconds to 25 seconds. This change means that the time required to wait for three transaction confirmations will be shortened from nearly four minutes to about 75 seconds. This upgrade has been running on Zcash's test network and is awaiting final integration into the node software.In addition to improving speed, NU7 will also bring two important adjustments: first, 60% of the fees collected from each block will be removed from circulation, and these tokens will begin to be returned to miners around February 2031. Second, Zcash's original Sprout privacy system will be completely shut down, so all funds still held in that system must be transferred out before the upgrade is activated; otherwise, they will become unusable.

According to SoSoValue data, the total net inflow for the ZEC spot ETF in the United States was $1.6074 million, while the total net outflow for the NEAR spot ETF was $2.5389 million.For ZEC, only the Zcash ETF (ZCSH) recorded a net inflow of $1.6074 million, with a historical cumulative net inflow of $154 million. As of the time of writing, the total net asset value of the ZEC spot ETF was $650 million, with a net asset ratio of 3.08%, and a historical cumulative net inflow of $154 million.For NEAR, only the Bitwise NEAR ETF (NRR) recorded a net outflow of $2.5389 million, with a historical cumulative net inflow of $85.9264 million. As of the time of writing, the total net asset value of the NEAR spot ETF was $83.0221 million, with a net asset ratio of 1.27%, and a historical cumulative net inflow of $85.9264 million.

Zakura has announced an experimental network layer P2Pv2 for Zcash nodes, intended to replace the old protocol inherited from Bitcoin. This layer combines high-throughput networking, resource control, and a consensus engine tested for properties, allowing developers to add services without permission. Zakura states that approximately 50,000 transactions per second require each full node to continuously receive about 100MB/s of block data, while the 25-second block of NU7 can carry a maximum of 2MB, with existing network throughput differing by more than a thousand times from this rate. Tachyon can reduce the proof after entering the block, but the network still needs to propagate a large number of individual transactions.P2Pv2 replaces the protocol stack from about a decade ago with protocols that can be optimized for latency, throughput, or robustness, allowing a secure connection to carry multiple independent services. The transport layer uses its own zakura-quic, based on quinn-proto, utilizing QUIC and TLS 1.3, and authenticating peers with Ed25519 node identity. Related changes remove the dependency on Iroh, allowing nodes to configure socket buffers, flow control windows, timers, and connection admission before the TLS handshake. The new transport directly connects to peer addresses without using relays, external address lookups, automatic port mapping, or QUIC NAT traversal. Nodes sign identities, addresses, protocol scopes, and service IDs, allowing clients to find peers based on specific services.The independent component zakura-header-chain verifies block headers and retains competing branches in a directed acyclic graph, selecting the best qualified chain. Block synchronization schedules requests based on the delivery rates measured by each peer, and a verified commitment tree is used to skip the reconstruction of Sapling, Orchard, and Ironwood trees for each block. Currently, the Mainnet still defaults to the old P2P stack, while the Testnet and Regtest run dual stacks by default, with the native protocol version being p2p-v2/3. Zakura notes that P2Pv2 still has known denial-of-service risks and has not yet become a hardened trust boundary; production hardening, resource control, and block relay protocols are still in progress.

The Zakura team, which operates the Zcash network, released a technical article stating that they plan to allocate a unique viewing key for each ZEC exchange completed through NEAR Intents, in order to block future quantum computers from exploiting public refund addresses to piece together user payment histories. NEAR Intents supports cross-chain token exchanges, and when users exchange the privacy coin ZEC for USDC, the service will publish a Zcash address for the user on the NEAR public blockchain, which will be used to return any unused ZEC.The Zcash address contains a public key generated by the wallet's viewing key, which cannot be reverse-engineered by ordinary computers, but large quantum computers running Shor's algorithm could theoretically deduce the key from the address. Zcash wallets can generate multiple seemingly unrelated addresses, but they typically share the same viewing key. Once an attacker cracks it, they can associate all payments received by the account and read the amounts and notes. Zakura's solution allocates a unique viewing key for each exchange, while the spending key remains in the user's main account. Even if the future refund address is compromised, the attacker would only be able to see payments related to that specific exchange.This design also addresses a practical issue: wallets conducting hundreds of exchanges would generate hundreds of keys, requiring each key to scan the entire Zcash chain during backup recovery. Zakura's solution is a privately queryable database that uses private information retrieval technology, so when the wallet inquires about the refund destination, the database will not know the address being queried. Zakura claims that wallets built on its open-source library (including Vizor) will be able to add this feature in the coming weeks, and hardware wallets will follow after firmware support, ahead of the January quantum-resistant payment target set by Zcash developers this month.

According to on-chain detective Specter, ZachXBT disclosed that the Bitget attackers concealed the stolen funds through Zcash (ZEC), and other stolen funds also began to flow into ZEC, including funds from the Cryptobills Ledger incident and $12 million from the Triple-A hacker attack.Threat actors are using ZEC to transfer stolen funds.

According to SoSoValue data, the total net outflow of the ZEC spot ETF in the United States was $5.1906 million for the day, while the total net inflow of the NEAR spot ETF was $3.9324 million for the day.Regarding ZEC, only the Zcash ETF (ZCSH) recorded a net outflow for the day, amounting to $5.1906 million, with a historical cumulative net inflow of $175 million. As of the time of writing, the total net asset value of the ZEC spot ETF was $677 million, with a net asset ratio of 3.27%, and a historical cumulative net inflow of $175 million.Regarding NEAR, only the Bitwise NEAR ETF (NRR) recorded a net inflow for the day, amounting to $3.9324 million, with a historical cumulative net inflow of $79.3146 million. As of the time of writing, the total net asset value of the NEAR spot ETF was $79.1721 million, with a net asset ratio of 1.19%, and a historical cumulative net inflow of $79.3146 million.

Decentralized exchange THORChain announced that native Zcash swaps are now live, allowing users to exchange ZEC with assets on other supported blockchains without relying on wrapped tokens or centralized exchanges. This launch follows the protocol's 3.20 update, which introduced support for Zcash and Monero. At that time, the liquidity in the Zcash pool exceeded $50,000, and the network has begun processing real ZEC swaps.The pool is currently in a soft launch phase, with performance being monitored. If vulnerabilities or other issues arise, trading may be temporarily paused. The current pool size can easily support five-figure trades, while larger trades will experience higher slippage and slower settlement until liquidity increases. When the fee-to-depth ratio is sufficiently high, the protocol's own liquidity will automatically join the Zcash pool. This mechanism was introduced with the 3.20 upgrade, allowing the protocol to deploy a portion of liquidity fees (initially set at 20%) to supported liquidity pools.After integration, ZEC holders can swap their native assets with supported assets such as Bitcoin, Ethereum, and stablecoins without needing to deposit Zcash with a centralized custodian or convert it into wrapped assets on other networks. Zcash brings the total number of native blockchains in THORChain's cross-chain liquidity network to 14, with swaps settled in native assets on their respective chains, rather than transferring assets through cross-chain bridges or requiring users to relinquish custody.

The Zcash development team plans to add post-quantum signature support to the network in January. Zakura engineer Roman Akhtariev stated in an engineering blog that the team plans to implement post-quantum signature opcodes in Zcash in January. These opcodes will enable Zcash to verify hash-based signatures, thereby resisting quantum computing attacks. The team has not yet confirmed a specific network activation date. This upgrade aims to prevent attackers from using current public keys to reverse-engineer and forge payment authorizations from wallet owners.The initial phase of this upgrade will protect transparent transactions. Zcash has two payment methods: shielded payments hide the sender, receiver, and amount; transparent payments are similar to Bitcoin, where addresses and amounts are visible on the chain. According to CoinDesk, based on ZecStats data, approximately 11.96 million of the 16.98 million issued ZEC are stored in the transparent pool, accounting for about 70%. The January plan primarily targets this public portion. Additionally, Zakura has developed a private query tool that allows wallets to check balances without exposing associated addresses to the server; the experimental version is available in the "Private queries" settings of the Zcash wallet Vizor.Before the release of Zakura's engineering article, Ethereum researcher Justin Drake warned holders on Thursday to prepare for what he called "bunker mode," stating that in the worst-case scenario, AI could find shortcuts to break the mathematical protections of Bitcoin and Ethereum wallets in "months rather than years."

According to SoSoValue data, yesterday (Eastern Time October 8) the ZEC spot ETF had a total net outflow of 18.6634 million USD.Yesterday, the Zcash ETF (ZCSH) had a net outflow of 18.6634 million USD, and the historical total net inflow has reached 182 million USD. As of the time of publication, the total net asset value of the ZEC spot ETF is 656 million USD, with a ZEC net asset ratio of 3.27%, and the historical cumulative net inflow has reached 182 million USD.

According to Onchain Lens monitoring, a certain address (t1hBootrMTnk9t2uYV3AWhMTswxphheEpEr) withdrew 1000 ZEC from Binance one hour ago, worth 1.33 million dollars.Shortly after, all 1000 ZEC were transferred into the Zcash privacy pool, making subsequent transfers private.

ChainCatcher live report, at the Token2049 conference in Singapore, Gemini co-founders Tyler and Cameron Winklevoss stated that Zcash is the cryptocurrency version of Bitcoin, just as the early internet was HTTP, Zcash is HTTPS. They also announced that they have submitted a spot Zcash ETF application to the SEC.

According to market news, Winklevoss has submitted a spot Zcash ETF application to the U.S. SEC, which is planned to be listed on Nasdaq under the ticker WINK.

According to The Block, cryptocurrency mining company Fortitude has secured a priority procurement quota for Bitmain's next-generation Zcash mining machines, with both parties reaching a non-binding commitment that could potentially amount to up to $100 million.Under the agreement, the relevant mining machines are expected to begin delivery in the second quarter of 2027, with the specific timing still dependent on final product specifications and pricing arrangements. It is reported that this collaboration will help Fortitude to strategically position itself for the new generation of Zcash mining equipment and further expand its infrastructure capabilities in the privacy coin mining sector.

According to SoSoValue data, yesterday (Eastern Time October 5) the ZEC spot ETF had a total net outflow of 3.566 million USD in a single day.Yesterday, only the Zcash ETF (ZCSH) had a net outflow, with a single-day net outflow of 3.566 million USD, and the historical total net inflow currently stands at 209 million USD.As of the time of writing, the total net asset value of the ZEC spot ETF is 782 million USD, with a ZEC net asset ratio of 3.42%, and the historical cumulative net inflow has reached 209 million USD.

According to Cointelegraph, Zcash has activated the NU7 network upgrade on the testnet, putting the planned protocol changes into real testing, about a month away from its target mainnet launch. According to data from the Zcash testnet block explorer ZecBlock, the scheduled activation height block 4,465,026 for NU7 was mined on October 4 at 18:21:45 UTC, and Zcash subsequently confirmed on the X platform that NU7 is running on the testnet.NU7 is the next network upgrade for Zcash, which will shorten the network's target block interval from 75 seconds to 25 seconds. This upgrade will also disable version 4 transactions and introduce a network sustainability mechanism that recycles part of the transaction fees for future block rewards. Disabling version 4 transactions also means that if users do not transfer funds before NU7 is fully activated, ZEC stored in the old Sprout shielded pool of Zcash will be unspendable.The Zcash Foundation stated that testnet operators should test NU7 under real conditions using the candidate version, allowing developers to evaluate the upgrade before mainnet activation. Zcash developers plan to make a final decision on mainnet activation and determine the activation height based on the testnet performance on October 20, with a target mainnet activation date of November 5.

According to Cointelegraph, the advocacy organization focused on Zcash, Pretty Good Policy for Zcash (PGPZ), has submitted a lobbying registration, with the registration effective date of October 1. Executive Director Divij Pandya is the sole registered lobbyist. This move indicates that this privacy-oriented cryptocurrency ecosystem is intensifying efforts to influence U.S. digital asset policy.The registration documents include the Digital Asset Market Clarity Act and two digital asset tax proposals as part of its current and anticipated lobbying agenda. PGPZ was established in June of this year, evolving from the Pretty Good Policy for Crypto initiative launched by Electric Coin Co. in 2022, which held a Washington policy roundtable and organized a congressional briefing on cryptocurrency technology in 2023.PGPZ founder and ZODL Chief Policy and Regulatory Officer Paul Brigner stated that the goal is "to ensure that Zcash has serious, organized, and credible policy participation in Washington." He noted that the decisions being made by policymakers will affect whether privacy-preserving digital cash can exist, be used legally, and serve the public interest. PGPZ's responsibility is to ensure that Zcash is understood, represented, and defended in these discussions. In August of this year, Zcash Community Grants approved a $750,000 grant to fund PGPZ's work for its first year.

The privacy coin project Zcash officially stated that Zcash now has two independent full node implementations, both executing the same rules, namely Zebra and Zakura.Zcash also raised the question: Does the second client truly change the decentralization of the network, or is computing power still the only key factor? Zebra is the Rust full node implementation supported by the Zcash Foundation, while Zakura is another independent full node client.

According to SoSoValue data, yesterday (Eastern Time October 2) the ZEC spot ETF had a total net outflow of $26.9347 million.Yesterday, the Zcash ETF (ZCSH) had a net outflow of $26.9347 million, with a historical total net inflow of $213 million.As of the time of publication, the total net asset value of the ZEC spot ETF is $751 million, with a ZEC net asset ratio of 3.46%, and the historical cumulative net inflow has reached $213 million.