zec

Zcash holders and community representatives will vote from November 16 to 30 on a proposal to remove 50,000 ZEC from the community grant fund (ZCG). This proposal was co-drafted by Zcash co-founders Sean Bowe, Zooko Wilcox, and Jason McGee, and was merged into the specification repository on Wednesday. According to the October treasury snapshot referenced in the proposal, ZCG holds 91,453 ZEC, and the amount proposed for removal accounts for approximately 55% of its holdings.If the proposal passes and is activated in the network upgrade, ZCG must remove the 50,000 ZEC from circulation within 30 days, and its corresponding value will be included in the Network Sustainability Mechanism, gradually returned through future block rewards. Additionally, the proposal plans to stop allocating 8% of newly issued ZEC to ZCG, transferring this portion of funds into a new Future Dev and Legal Defense Fund, which will continue to accumulate until the next Zcash halving. Funds in this new fund will temporarily be unavailable for expenditure until separate withdrawal rules are approved.ZCG can still use the remaining treasury funds to continue issuing development grants, and the independent 12% holder-controlled fund will not be affected. The proposal states that based on the October treasury snapshot, a ZEC price of $1,300, and expenditure estimates for the first half of 2026, the current funds of ZCG can cover approximately 13 years of expenditures; after the removal of 50,000 ZEC, the remaining funds are expected to cover about 6 years. Previously, ZCG proposed to redirect approximately 98,000 ZEC from existing assets and future income to miner rewards, but abandoned this plan on November 3 after facing community criticism. This new proposal still requires community support and must be implemented through a network upgrade. The activation block height has not yet been determined, nor has a reference implementation been provided.

According to Onchain Lens monitoring, a certain whale has accumulated and withdrawn 678.4 ZEC from Binance, worth approximately 667,800 USD.

Zach Pandl, the head of research at Grayscale, pointed out that the number of monthly active developers for Zcash has roughly doubled over the past two years, while the broader cryptocurrency developer community has declined from its peak during the same period.About 70% of Zcash's active developers have over a year of experience in cryptocurrency development, which is higher than the overall industry average of 58%. These developers possess expertise in zero-knowledge proofs and post-quantum cryptography research. The article suggests that the continued engagement of developers indicates the network's capability for ongoing improvement. The growing developer community of Zcash combines a strong privacy ethos with the goal of making private digital currencies more accessible. This momentum is expected to continue supporting protocol innovation and may ultimately translate into an increase in ZEC valuation.

According to on-chain analyst Yu Jin's monitoring, as the price of ZEC has significantly dropped and fallen below 1000 USD, Abraxas Capital holds ZEC short positions at two addresses on Hyperliquid—Abraxas Capital related address (0xb83...6e36) and Abraxas Capital related address (0x5b5...8c060)—with an unrealized profit of 34.98 million USD from ZEC positions alone.The total unrealized profit of the two addresses with open positions is 118 million USD.

According to SoSoValue data, yesterday (Eastern Time November 9), the total net outflow for the US HYPE and ZEC spot ETFs was $2.6337 million and $2.1708 million respectively, totaling a net outflow of $4.8045 million.For HYPE, the Bitwise Hyperliquid ETF (BHYP) had a net inflow of $0.8458 million for the day, with a historical cumulative net inflow of $115 million; the 21Shares Hyperliquid ETF (THYP) had a net outflow of $3.4795 million for the day, with a historical cumulative net inflow of $23.9333 million. As of the time of writing, the total net asset value of the HYPE spot ETFs was $356 million, with a net asset ratio of 1.98%, and a historical cumulative net inflow of $285 million.For ZEC, the Zcash ETF (ZCSH) recorded a net outflow of $2.1708 million for the day, with a historical cumulative net inflow of $206 million. As of the time of writing, the total net asset value of the ZEC spot ETFs was $674 million, with a net asset ratio of 3.39%, and a historical cumulative net inflow of $206 million.

According to Onchain Lens monitoring, a certain address received 1,060 ZEC from a privacy address, worth approximately 1.29 million USD, and then deposited it into Hyperliquid through Hyperunit, selling it in three transactions to obtain approximately 1.29 million USDC, and subsequently withdrew these funds.

Lookonchain monitoring states that in the past 20 hours, approximately 1670 ETH from Tornado Cash was transferred to Hyperliquid and sold, with about 2959 ZEC purchased.

According to SoSoValue data, yesterday (Eastern Time November 6), the total net inflow of the ZEC spot ETF was $1.7718 million.Yesterday, only the Zcash ETF (ZCSH) had a net inflow, with a single-day net inflow of $1.7718 million, bringing the historical total net inflow to $209 million.As of the time of writing, the total net asset value of the ZEC spot ETF is $772 million, with a ZEC net asset ratio of 3.40%, and the historical cumulative net inflow has reached $209 million.

Zcash has completed Network Upgrade 7 (NU7), reducing the block target time from 75 seconds to 25 seconds, with the single block reward adjusted to 0.52083333 ZEC to maintain the established daily issuance. The total supply cap of ZEC remains at 21 million coins, with the next halving expected at the end of 2028, occurring at block height 6,132,390.At the time of reporting, the price of ZEC rose from $1,225 to over $1,380 at one point, and then reported around $1,345, with a 24-hour increase of approximately 8%.

According to SoSoValue data, yesterday (Eastern Time November 5), the total net outflow of the U.S. ZEC and NEAR spot ETFs was $10.9941 million and $0.7738 million respectively, totaling a net outflow of $11.7679 million.For ZEC, on that day, the Zcash ETF (ZCSH) recorded a net outflow of $10.9941 million, with a historical cumulative net inflow of $207 million. As of the time of writing, the total net asset value of the ZEC spot ETF is $724 million, with a net asset ratio of 3.39%, and a historical cumulative net inflow of $207 million.For NEAR, on that day, only the Bitwise NEAR ETF (NRR) recorded a net outflow of $0.7738 million, with a historical cumulative net inflow of $80.4502 million. As of the time of writing, the total net asset value of the NEAR spot ETF is $58.0377 million, with a net asset ratio of 1.19%, and a historical cumulative net inflow of $80.4502 million.

According to trader Ansem, Zcash has recently been one of the stronger assets in the cryptocurrency market. If the market experiences a deeper correction, he will pay attention to whether ZEC can maintain its resilience.He believes that as the cryptocurrency industry faces more political and regulatory scrutiny, the narrative around privacy may become increasingly important. Privacy features, concerns about quantum computing, and market interest in transparent blockchain alternatives have drawn his attention to ZEC.

According to CoinDesk, Zcash holders need to transfer approximately 16 million dollars from the oldest privacy pool Sprout before the NU7 network upgrade. This upgrade is expected to activate around 10:30 AM Beijing time on November 6 (Friday) (9:30 PM Eastern Time on Thursday), at which point these tokens will be unusable even if valid private keys are held.As of Thursday morning, there were still about 12,226 ZEC in the Sprout pool, valued at approximately 16 million dollars based on a price of 1,300 dollars per coin. NU7 plans to activate at block 3543405, which will reject version 4 transactions, the only transaction format that can spend Sprout tokens. ZIP 2003 retains the possibility of restoring access through future upgrades but warns that the withdrawal feature may never be re-enabled. NU7 will also reduce the target block time from 75 seconds to 25 seconds.

Trader degentrading (@degentradingLSD) released a pre-market analysis. Regarding semiconductors, he believes there are many trapped long positions in the sector, and unless a painful liquidation event occurs leading to a V-shaped rebound, any rebound will be limited by selling pressure as prices approach break-even; another possible path is company buybacks, and only MU has the capability to implement this before the expiration of the CHIPS Act-related ban on December 9. He cited Citrini's view that AI capital expenditure growth has peaked, but capital expenditure itself will not stop, just slow down; he personally believes that when growth is priced at zero, any outperformance will bring new upward momentum, thus seeing long opportunities, but he also acknowledges that stock prices may not have bottomed at the current position and could continue to decline.In terms of AI computing power, he pointed out that the previous trading day saw cloud giants rise about 10% while semiconductors fell about 10%, with the market largely attributing this to potential obstacles in new data center construction in the U.S., which would increase the value of existing chips. H100 rents rose 26% year-on-year, GB200 rose 50%, and ORCL disclosed that AI infrastructure utilization reached 98%, which contradicts expectations of computing power depreciation. Regarding Chinese tech stocks, he believes that BABA's rise of about 10% could be a turning point, and if China introduces further policy measures or brings about a strong reversal, coupled with Chinese tech stocks being at historically low valuations.In the cryptocurrency market, he believes BTC is performing strongly, and ZEC is maintaining its gains, with the industry's tailwinds returning as funds move away from the government's original intent. Under expectations of more hostile governments towards cryptocurrencies, policy pressure may actually strengthen the crypto narrative, while policy support could weaken its core supporters.

According to SoSoValue data, yesterday (Eastern Time November 4), the total net inflow of the ZEC spot ETF was $3.4295 million. Yesterday, only the Zcash ETF (ZCSH) had a net inflow, with a single-day net inflow of $3.4295 million, bringing the historical total net inflow to $218 million.As of the time of writing, the total net asset value of the ZEC spot ETF is $757 million, with a ZEC net asset ratio of 3.44%, and the historical cumulative net inflow has reached $218 million.

The Zcash Community Grant Committee (ZCG) has announced that it has decided not to proceed with the proposal put forward on October 29, which aimed to allocate approximately 98,000 ZEC as future mining rewards. The committee stated that subsequent funding arrangements should be determined through Zcash's existing governance processes. ZCG currently automatically receives 8% of newly issued ZEC, amounting to about 144 coins per day, and the treasury size is sufficient to support expenditures for many years, although its funding model and accountability have recently sparked controversy within the community.According to the original proposal, the committee intended to allocate 36,200 ZEC from its treasury of approximately 91,500 ZEC to inject into a sustainable network mechanism to supplement miner block rewards, thereby reducing the expected income until the halving in 2028. Co-founder Sean Bowe, founder Zooko Wilcox, and developer Daira-Emma Hopwood have proposed various alternatives, such as terminating automatic grants, restructuring the use of funds, or focusing on promoting the use of ZEC, but none have been approved yet. Until the network upgrade changes the rules, ZCG will continue to receive approximately 144 ZEC daily.

According to SoSoValue data, the total net inflow of the HYPE spot ETF in the United States was $605,100 for the day, while the total net outflows for the ZEC and NEAR spot ETFs were $3,575,200 and $3,604,100, respectively.Regarding HYPE, only the Grayscale Hyperliquid Staking ETF (HYPG) recorded a net inflow of $605,100 on that day, with a historical cumulative net inflow of $152 million. As of the time of writing, the total net asset value of the HYPE spot ETF was $423 million, with a net asset ratio of 2.06%, and a historical cumulative net inflow of $301 million.For ZEC, the Zcash ETF (ZCSH) recorded a net outflow of $3,575,200 on that day, with a historical cumulative net inflow of $214 million. As of the time of writing, the total net asset value of the ZEC spot ETF was $714 million, with a net asset ratio of 3.43%, and a historical cumulative net inflow of $214 million. For NEAR, only the Bitwise NEAR ETF (NRR) recorded a net outflow of $3,604,100 on that day, with a historical cumulative net inflow of $81,224,100. As of the time of writing, the total net asset value of the NEAR spot ETF was $60,869,100, with a net asset ratio of 1.21%, and a historical cumulative net inflow of $81,224,100.

According to SoSoValue data, the total net outflows for the US XRP, HYPE, and ZEC spot ETFs were $529,500, $2,859,800, and $3,632,400 respectively, totaling a net outflow of $7,021,700.For XRP, only the Canary XRP ETF (XRPC) recorded a net outflow on that day, amounting to $529,500. The historical cumulative net inflow for this fund is $485 million. As of the time of writing, the total net asset value of the XRP spot ETF is $1.425 billion, with a net asset ratio of 1.8%, and a historical cumulative net inflow of $1.808 billion.For HYPE, the 21Shares Hyperliquid ETF (THYP) had the highest single-day net outflow, at $1,450,200, with a historical cumulative net inflow of $29,287,500. The second highest was the Bitwise Hyperliquid ETF (BHYP), with a single-day net outflow of $1,409,600 and a historical cumulative net inflow of $125 million. As of the time of writing, the total net asset value of the HYPE spot ETF is $412 million, with a net asset ratio of 2.07%, and a historical cumulative net inflow of $300 million.For ZEC, the Zcash ETF (ZCSH) recorded a net outflow of $3,632,400 on that day, with a historical cumulative net inflow of $218 million. As of the time of writing, the total net asset value of the ZEC spot ETF is $668 million, with a net asset ratio of 3.44%, and a historical cumulative net inflow of $218 million.

On-chain analyst Yu Jin stated that with ZEC dropping 9% today, a whale who recently went long on both ZEC spot and contracts has lost 5.84 million dollars.In terms of spot, this whale spent 31.78 million dollars to buy 25,002 ZEC over the past 4 days, with an average price of 1,271 dollars, currently facing an unrealized loss of 3.26 million dollars. In terms of contracts, this whale also went long on 18,910 ZEC at 1,378 dollars on Hyperliquid, and the position was completely liquidated after ZEC fell below 1,200 dollars early this morning, resulting in a loss of 2.58 million dollars.

According to Lookonchain monitoring, a certain whale purchased 3,052 ZEC in spot trading, worth 3.8 million dollars, and went long on 8,000 ZEC with 2x leverage, worth 10.16 million dollars.