zc

According to GMGN market data, the market capitalization of the ETH ecosystem meme coin ZC (zipcoin) once surpassed 14 million USD, increasing over 21 times within the day, currently reported at 10.07 million USD.The narrative of ZC (zipcoin) originates from Vitalik's recently completed 32-chapter novel "Snowmoon." In the novel, the fictional country Veridia uses zipcoin as its currency and has designed mechanisms such as anonymous payments, burning tokens to release high-value information, high-cost signaling through "Doorstep Burn," and automatic taxation. The prices of meme coins are highly volatile and easily influenced by market sentiment and trending events, so please be aware of trading risks.

Zhipu continues to address the code upload controversy surrounding its programming product ZCode. Existing paid users and those who have returned as paid users in the past month will receive 4 weekly reset cards and 4 5-hour reset cards, valid for 1 month.From September 28 to October 7, ZCode will also distribute 100,000 quotas of 100 million GLM-5.3-Flash Tokens to all users. Zhipu stated that the repository snapshot upload link has been removed, and the involved cloud data has been deleted. The open-source version is currently updated to v3.14.3, and subsequent code will not be uploaded to the cloud unless users actively initiate it.The controversy originated from the Repo Wiki feature that was enabled by default in the early stages of ZCode, which uploaded repository content to the cloud for processing when generating a knowledge base for the code repository. Zhipu has previously cut off the related upload paths and invited third-party organizations to verify the cloud data.

According to Bitcoin.com, Grayscale's Zcash ETF (ZCSH) has reached a net asset size of 1 billion dollars, with a cumulative net inflow of 306.12 million dollars, accounting for less than 30%. The fund began trading on NYSE Arca on August 25, and its size exceeded 500 million dollars within two weeks.ZCSH was renamed from Grayscale Zcash Trust, which was established in October 2017 and already held ZEC at the time of listing; meanwhile, the price of ZEC has roughly doubled since the ETF's listing, driving the growth of the fund's asset size. Grayscale's parent group DCG International Investments exchanged approximately 100 million dollars worth of ZCSH shares for 85,705.32563297 ZEC, and after excluding this non-cash transaction, the external new funds amount to about 200 million dollars.Grayscale will implement a 3-for-1 forward split before the market opens on September 30, and holders registered as of the market close on September 28 will be subject to this arrangement. After the split, the net asset value per share is expected to drop to about one-third, the number of shares will increase threefold, and the dollar value of the holdings will remain unchanged.

The cryptocurrency asset ETP issuer 21Shares has listed the first European Zcash exchange-traded product (ETP) on the pan-European exchanges in Paris and Amsterdam, with the code ZCASH and an annual management fee of 2.5%. This product physically holds ZEC, with BitGo serving as the custodian.ZCASH is traded in euros in Paris and in dollars in Amsterdam, with an initial issuance of 5,000 shares, each with a net asset value of $20.04, and an asset management scale of approximately $100,000. Grayscale's Zcash ETF ZCSH has an asset scale close to $890 million and will complete a 1-for-3 share split on September 30.

The privacy blockchain project Zcash plans to implement the NU7 upgrade, which will stop accepting the fourth version of transactions that spend funds from the Sprout pool after the upgrade. If ZEC is not transferred out before the upgrade, holders may lose the ability to spend the related funds. This proposal will not destroy the Sprout pool funds, and access may be restored in the future, but the proposal warns that funds left in the pool may also become permanently unspendable.Zcash co-founder Zooko Wilcox has forwarded the relevant reminder. The NU7 upgrade is scheduled to activate on the testnet on October 6, and Zcash expects to decide on October 20 whether to activate it on the mainnet as planned on November 5. The upgrade will also reduce the target block time from 75 seconds to 25 seconds and maintain the network halving cycle.

On Tuesday, European asset management firm 21Shares launched the first physically-backed ETP tracking Zcash on the Euronext Paris and Euronext Amsterdam exchanges, allowing investors to gain exposure to ZEC through brokerage accounts without directly holding the cryptocurrency. 21Shares also introduced an ETP tracking ETHFI, which is the governance and utility token of the decentralized finance protocol Ether.fi, providing crypto-financial services such as staking. Both ETPs are physically-backed with an annual management fee of 2.5%, higher than most Bitcoin and Ethereum investment products in Europe.The launch of the Zcash ETP closely follows Grayscale's introduction of the Zcash ETF in the United States, which is listed on the NYSE Arca under the ticker ZCSH. Zcash has recently performed strongly, with prices briefly surpassing $1500, and a nearly 1100% increase over the past year, leading to heightened market interest in it as an alternative to Bitcoin. Grayscale's research director Zach Pandl believes that Zcash may benefit from a "latecomer advantage," helping it overcome Bitcoin's entrenched network effects.The popularity of Zcash has also spread to the mining sector. Fortitude Digital Mining told Cointelegraph that the company mined about 28% of the total ZEC in the first half of 2026, with its focus on Zcash based on the network's proof-of-work model, supply cap, and privacy features.

The Zcash Foundation issued a statement indicating that it was previously unaware of the "ZRC-20" and CASH token-related matters. This project belongs to a third-party private project and is not an official Zcash token standard or protocol feature. It also reminds users to conduct thorough research before interacting with any tokens.

On September 21, netizen "Zhang Kangkang kk" revealed on social media that Tang Jie, the founder of Zhipu and a professor at Tsinghua University, filed a complaint on Xiaohongshu regarding a user post. The complaint stated that the post used phrases like "code is pretty much the same as copy, both start with c and steal code" without factual basis, fabricating rumors that Zhipu's ZCode was involved in code theft and plagiarism. It also used terms like "Uncle Tang Jie" to associate Tang Jie with the plagiarism rumors for character defamation, while utilizing AI technology to synthesize Tang Jie's image with anime materials in a defamatory context. The complainant believed the content constituted malicious defamation and commercial disparagement, damaging both Tang Jie's personal reputation and Zhipu AI's reputation, and requested the platform to take down the post and deal with the user who posted it.On the same day, Zhipu announced that it had completed rectifications regarding the safety issues of the independent desktop AI programming client ZCode in response to community feedback and apologized to all users. The company has open-sourced ZCode, handing over the code to community supervision, and will establish a regular product security vulnerability mechanism moving forward. Previously, developers discovered that ZCode had silently uploaded user local repository data without prior notice. On September 18, Zhipu publicly apologized and made an emergency fix, explaining that the root cause was the "repository indexing" feature, which was enabled by default and had no option to turn it off. On September 20, Taiyuan Chengming Technology Co., Ltd. sent a letter to Zhipu, accusing ZCode of unauthorized uploading of company data assets and trade secrets, making claims for rights protection and reserving the right to pursue legal responsibility.

ZCode under Zhipu has officially been open-sourced. Zhipu stated that in response to previous community feedback regarding product security issues, it has completed rectifications and will open-source the code for community supervision.The official announcement mentioned that ZCode v3.14.0 has removed the Repo Wiki feature, cutting off the local repository snapshot generation and upload link. After the rectification was completed, Zhipu invited the China Academy of Information and Communications Technology and Green Alliance Technology to conduct a security audit. Both institutions confirmed that the relevant cloud data has been cleared, and no functional paths triggering local repository snapshots or file exports were found in the new client version.In response to the community's concerns about code data issues, Zhipu reiterated its commitment that the relevant code data "has not been retained and has never been used for model training." Moving forward, ZCode will establish a regular security vulnerability feedback mechanism and provide corresponding rewards to developers based on the severity of the issues.

The domestic large model enterprise Zhipu (2513.HK) is about to officially open source its AI programming tool ZCode. Zhipu stated that this open source initiative is the first step in response to external concerns about ZCode's data processing. In the future, it will further promote ZCode's transition to community-driven development and welcomes external parties to download, inspect the code, and participate in improvements.Zhipu has invited the China Academy of Information and Communications Technology to conduct a security audit on ZCode, focusing on verifying data retention. In the future, a regular product security vulnerability reporting mechanism will be established. According to the technical evaluation by the China Academy of Information and Communications Technology, it has been confirmed that the status of the zcode-prod Alibaba Cloud OSS storage bucket is zero data in the cloud; the ZCode v3.14.0 client has completed security rectification, removed the Repo Wiki feature, and severed the link for generating and uploading local repository snapshots. After review by Green Alliance Technology, it has been confirmed that the relevant data objects and the storage bucket itself have been deleted. Zhipu has expressed apologies once again and asks everyone to continue monitoring.Previously, social media revealed that ZCode would silently upload users' programming development data without user consent. On September 18, Zhipu issued a statement saying that the controversy was triggered by the default-enabled code repository indexing feature, and the uploaded data was destroyed immediately after generating the RepoWiki. They have apologized to affected users and will provide an additional weekly quota reset as compensation for all ZCode users. On September 20, Zhipu's MaaS platform announced that a feature to ensure no data retention will be launched soon.

Grayscale Zcash ETF (ZCSH) is applying for a 3-for-1 forward split, which is expected to take effect on September 28. This move aims to lower the share price to enhance liquidity, as the fund's price had become too high due to significant increases.

Taiyuan Chengming Technology Co., Ltd. sent a letter to Beijing Zhipu Huazhang Technology Co., Ltd., raising multiple demands regarding the alleged unauthorized upload of company data assets and trade secrets by its ZCode client, and reserving the right to pursue legal accountability. Chengming Technology pointed out that although Zhipu has publicly apologized for the "silent upload of user local repository data" and claimed to have fixed the issue, independent evidence collection revealed that the upload behavior was automatically triggered and occurred in bulk, including complete archived files such as project source code, system architecture, version control history, database passwords, cloud service credentials, and employee personal information, far exceeding the scope of collection stated in its Privacy Policy.Although the client was updated to version 3.12.3 on September 16, upload behavior was still detected in the early hours of the day Zhipu publicly apologized, raising doubts about the actual effectiveness of the "fix." At the same time, the ZCode client’s network requests pointed to a Singapore entity, while the service agreement was signed with Beijing Zhipu Huazhang, requesting clarification on the responsible party for this upload, as well as whether the data was transmitted abroad or stored overseas.Chengming Technology demanded that Zhipu respond in writing by October 10 and complete the immediate cessation of processing and thorough deletion of all uploaded data and related derivative data, caches, and backups, provide a complete list of processing situations, clarify the data's whereabouts, whether it was shared with third parties, whether it was used for model training, and whether cross-border transmission occurred, explain the management of encryption private keys and complete operation logs, clarify the exact scope of "destruction" mentioned in previous public responses, issue proof of deletion completion, provide a written commitment not to upload without authorization again, legally provide access, copying, and explanation of personal information, and designate formal communication channels, among other matters. Currently, Zhipu has not publicly responded to the aforementioned letter.

According to Arkham monitoring, the Zcash whale address t1Lyq transferred approximately $362.56 million worth of ZEC last night, with $15 million deposited into Coinbase, marking the first recharge to the trading platform by this address in 10 months.Ten months ago, this batch of ZEC was worth approximately $163.88 million. Arkham stated that the whale has realized a paper profit of about $361 million from holding ZEC since 2025.

According to The Wall Street Journal, the Zcash ETF (ticker: ZCSH) launched by Grayscale announced a 3-for-1 forward share split for the fund. This split will not change the total value of shareholders' investments.

The Zcash development team plans to activate the NU7 mainnet upgrade on November 5, after various organizations and engineering teams have reached a consensus on the upgrade content and expected timeline. Zcash developer Sean Bowe stated that the upgrade will be activated on the testnet on October 6. The team plans to finalize the mainnet upgrade and activation block height after evaluating the performance of the NU7 testnet on October 20.The upgrade will shorten the target block interval from 75 seconds to 25 seconds, disable version 4 transactions, and integrate a network sustainability mechanism. The selected network sustainability mechanism will retain the Zcash halving cycle, with the previously removed supply being reintroduced starting February 2031. NU7 does not introduce a new transaction format, resulting in limited impact on wallets, but full nodes, indexers, and block explorers may need adjustments.

Dragonfly Managing Partner Haseeb Qureshi commented on the controversy surrounding the Zcash development fund, stating that the Zcash community has positioned itself as "the crypto version of Bitcoin" and has refused to continue adding more features to the protocol. To become a reliable store of value, Zcash ultimately needs to achieve protocol finality, but it still needs to advance Tachyon, quantum resistance, and comprehensive formal verification required to address AI network attacks, making it unsuitable for finality in the next one to two years.The development fund has played a necessary role during the phase of lacking private funding to support Zcash development, and under current rules, it will expire in 2028. However, as the price of ZEC has surged significantly, the scale of the fund has expanded by an order of magnitude; once the fund exceeds 100 million dollars, it will inevitably move towards institutionalization and face the risk of the allocation mechanism being politicized.He advocates for the continued retention of the development fund at this stage to complete the remaining technical work before protocol finality, but this round should be the last round of the development fund. Once Zcash meets the conditions for finality, the fund should gradually wind down rather than continue seeking new funding projects; future development needs can be spontaneously funded by holders and ecosystem supporters, similar to Bitcoin.In terms of governance, Haseeb does not support voting solely by token holders, believing that a store of value asset requires policy predictability, and pure token governance is too volatile. He supports limited participation by holders and believes that committee governance, while flawed, may be a more feasible solution. Haseeb also disclosed that Dragonfly holds ZEC and that he himself is a ZODL investor, but ZODL will not directly benefit from the development fund.

According to CoinDesk, the mining company Fortitude, focused on Zcash mining, has appointed former Hut 8 CEO Jaime Leverton as CEO and plans to go public on Nasdaq through a merger with HeartSciences. Andrea Childs will serve as COO.In the first half of 2026, Fortitude is expected to produce approximately 28% of the total ZEC output for the same period, with second-quarter revenue of $20.9 million. The implied valuation of the merged company may be at least $400 million.

Privacy token Zcash (ZEC) rose about 20% in 24 hours, with Paradigm co-founder Matt Huang revealing that the company has invested in ZEC. ZEC supports shielded transactions that hide addresses and transaction amounts using zero-knowledge proofs, with a price of about $1,338 on Thursday.Huang disclosed in a post that Paradigm is both an investor in the Zcash Open Development Lab (ZODL) and a holder of ZEC tokens. He described Zcash as "a privacy complement to Bitcoin" and supports its developer fund backed by inflationary funds, believing that long-term funding support remains important in the context of AI network capabilities and the development of quantum computing. He also supports combining Zcash token voting with other forms of governance to reduce its unpredictability as a monetary asset.Today's increase of over 10% has led to a cumulative rise of about 160% for ZEC over the past month, while Bitcoin has risen 18.2% during the same period. Paradigm's investment in the Zcash ecosystem has been publicly disclosed, with ZODL announcing the completion of over $25 million in seed funding in March, with participants including Paradigm, a16z crypto, Coinbase Ventures, and Winklevoss Capital. As ZEC rises, the Federal Reserve raised interest rates by 25 basis points to 3.75%-4%, marking the first rate hike of 2023, with the overall cryptocurrency market trending upward.

Paradigm founder Matt Huang commented on Zcash via Twitter. He stated that all blockchain ecosystems face the long-term funding challenge for public goods, and funding developer funds through inflation is a relatively elegant mechanism; how funds are allocated can be discussed and continuously improved. In the context of accelerating AI network attack capabilities and advancements in quantum computing, developer funds remain very important.Regarding governance, Matt Huang mentioned that as Zcash is increasingly accepted by more users as a complementary asset to Bitcoin for privacy, voting solely based on the amount of tokens held will bring uncertainty and may limit its long-term trust as a monetary asset. The project is better off combining token-based voting with other forms of governance.

According to GMGN market data, the Solana ecosystem meme coin ZCAT has risen over 63% in the past 24 hours, with a market capitalization increasing to 126.8 million USD.ZCAT is a cat-themed meme token on Solana, inspired by the privacy concept of Zcash (ZEC), with a mascot of an anonymous cat wearing a brown paper bag on its head. It can be purchased through transaction or transfer taxes (approximately 3%) and airdropped to holders on the Solana chain as bridged Zcash (ZEC). According to market news, meme coins generally have no practical use cases and exhibit significant price volatility, so investment should be approached with caution.