cash

Pando Rings attackers bought 7,548 ETH and transferred 4,000 ETH to Tornado Cash about 7 hours ago.

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.

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 CNN, a San Francisco court sentenced tech consultant Nima Momeni to 16 years to life in prison on Tuesday after being convicted of stabbing to death Cash App founder Bob Lee. In December 2024, the jury found him guilty of second-degree murder, rejecting the claim of self-defense.Momeni has been held since his arrest following the incident in 2023, and the judge denied his request for a retrial before sentencing; his lawyer plans to appeal. Prosecutors stated that Momeni was angry because Lee introduced his sister to a drug dealer and stabbed Lee three times with a knife, one of which pierced the heart. Lee subsequently died in the hospital at the age of 43. Lee had founded Cash App and was serving as the Chief Product Officer of cryptocurrency company MobileCoin at the time of his death. Bob Lee was fatally stabbed in San Francisco in April 2023.

Artificial intelligence company Anthropic disclosed in its newly submitted S-1 filing that the seven co-founders plan to sell 3,378,378 shares each in the IPO. The preliminary price range for this IPO is set at $70 to $78 per share, which means that at the midpoint price of $74, each person will receive just under $250 million; based on the lower and upper limits of the range, each person will receive slightly more than $236 million and slightly less than $264 million, respectively. The company's IPO valuation could reach $14 billion.The seven co-founders include CEO Dario Amodei, President and Chairwoman Daniela Amodei, Chief Computing Officer Tom Brown, Head of Public Interest Jack Clark, Chief Science Officer Jared Kaplan, Chief Architect Sam McCandlish, and Head of Explainability Research Christopher Olah. After the sale is completed, each will hold approximately 3.2% of the Class A shares outstanding, totaling about 22%; each will also receive one share of Class F stock with super voting rights, giving the seven a combined control of 51.1% of the voting power.

According to Oura's announcement, the smart ring manufacturer Oura has signed a final agreement with the AI-native primary care company Counsel Health to acquire the latter for $625 million in cash, with the final price subject to adjustments based on the acquisition price. The transaction is expected to be completed by the end of this year.After the acquisition is completed, Oura users will be able to directly converse with Counsel's medical AI within the app to receive personalized advice, and can be connected to licensed doctors within minutes if needed. Oura stated that the company achieved a record growth of 153% this quarter, with membership exceeding 6 million.

Grayscale announced the launch of the investor education platform Zcash Invest and placed a cover advertisement in the print edition of The Wall Street Journal to promote Zcash and its Zcash ETF (ZCSH). This promotional campaign will also cover channels such as outdoor advertising, streaming media, and social media.Grayscale plans to use all the initiation fees collected in the first year for ZCSH as an exchange-traded product (ETP) to support the development, promotion, and education of the Zcash network, and plans to provide $1 million in funding to relevant nonprofit organizations and projects.The first $400,000 has been granted to the Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon, with each receiving $100,000.

An address withdrew approximately 220 ETH from Tornado Cash, exchanged it for USDT, and then cross-chained it to TRON, with the latest transfer being 450,000 USDT.

Zcash community member ValarDragon posted on the official community forum, proposing a series of plans to be included in the NU8 network upgrade, and suggested setting the upgrade target for the end of January 2027. The main content includes the launch of the Tachyon shielded pool, expanding transaction formats, increasing the maximum block size from 2MB to 8MB, and adding support for post-quantum cryptography transparent transaction opcodes.Other proposals also include: adjusting the NSM redistribution date to be closer to the time of Zcash's seventh halving; determining a date at the protocol level for Sapling to stop accepting new deposits while continuing to support transactions and withdrawals; and eliminating the need to update the Consensus Branch ID with each network upgrade to reduce wallet compatibility issues. ValarDragon stated that with the combination of Tachyon and larger block capacity, a shielded transaction processing capability of approximately 200 TPS is expected. In addition, the post-quantum transparent transaction feature will introduce schemes based on SPHINCS with 128-bit and 192-bit security levels. The above content currently belongs to the upgrade ideas proposed by community members, and specific implementation still depends on development progress and subsequent NU8 discussions and voting.

According to OnchainLens monitoring, the Majik associated wallet received 6 payments from OpenSea in the past 15 hours, corresponding to the sale of 6 Bored Ape NFTs, with a total transaction amount of approximately $83,880.The latest payment of about $14,570 was received a few minutes ago. The sold NFTs include BAYC #701, #4898, #6072, #250, #1297, and #4942.

According to The Block, the stablecoin payment startup Raycash, spun off from the privacy protocol Zama, has launched on the Ethereum mainnet and is currently in the private testing phase. Raycash stated that over 75,000 people had joined the waiting list before the launch, and access will be opened in batches during the private testing period, followed by a full launch.Raycash is built on the Zama protocol and employs fully homomorphic encryption technology to encrypt on-chain balances and transaction amounts. Users can wrap stablecoins 1:1 into tokens under the ERC-7984 confidential token standard for payments and receipts, and earn yields through Morpho, with amounts and balances kept private; the underlying stablecoins can be retrieved through permissionless unwrapping. Initially, the application supports USDC and allows for bank transfers, credit card or stablecoin deposits, and withdrawals to bank accounts, with Ethereum Gas fees handled by the platform in the background, so users do not need to hold ETH.Raycash stated that its wallet is a self-custodial wallet, and confidential tokens do not have freezing or confiscation capabilities at the token level, allowing users to grant viewing permissions to specific parties such as accounting and auditing institutions. Additionally, the Raycard for privacy consumption is under development.

Zcash developers proposed to shorten the blockchain target block interval from 25 seconds to 20 seconds to accelerate transaction confirmation speed. On Sunday, developers ValarDragon and Evan Forbes submitted a draft of a Zcash Improvement Proposal (ZIP) to the Zcash community forum, hoping that this change will be included in the next community vote and considered in the upcoming NU7.1 network upgrade.According to the proposal, shortening the block interval will reduce the expected waiting time for the first transaction confirmation, thereby improving the user experience for offline payments, exchange deposits, and cross-chain swaps. The developers stated that this change will not increase the overall processing capacity for daily privacy transactions on the network; at the same time, despite more frequent block generation, the proposal will maintain Zcash's existing issuance schedule.The proposal was made a few days after the NU7 upgrade went live. On Friday, the NU7 upgrade activated on the mainnet, shortening the network target block interval from 75 seconds to 25 seconds. This upgrade also introduced a network sustainability mechanism, using part of the transaction fees collected for future mining rewards while maintaining Zcash's supply cap of 21 million ZEC.

According to OnchainLens monitoring, a certain address has cumulatively withdrawn approximately 201.5 ETH from Tornado Cash, worth about $451,000.The monitoring image shows that the address subsequently exchanged a total of 150 ETH in three transactions through CoW Swap, receiving approximately 336,100 USDT.

According to OnchainLens monitoring, a certain address has cumulatively withdrawn about 201.5 ETH from Tornado Cash, worth approximately $451,000. The address then exchanged a total of 150 ETH in three transactions through CoW Swap, receiving about 336,100 USDT.

After the U.S. midterm elections, concerns about tightening AI regulations and slowing data center construction have intensified, leading to a significant sell-off in U.S. tech stocks. On November 5, the "Seven Sisters" of U.S. stocks lost approximately $1.04 trillion in market value in a single day, with Nvidia dropping 9.26%, resulting in a loss of over $440 billion in market value, which is 2 to 4 times the decline of core clients like Microsoft, Google, and Amazon.The financial pressure on AI infrastructure investment is increasing. In the third quarter of this year, the combined operating cash flow of Microsoft, Google, Amazon, and Meta was no longer sufficient to cover fixed asset expenditures, with a funding gap of about $26.4 billion, whereas a year ago, the four companies still had a cash flow surplus of about $61.7 billion. Amazon's free cash flow turned from $14.8 billion in the past 12 months to a net outflow of $42.4 billion, while Meta's free cash flow turned negative for the first time in over a decade, and Google's long-term debt increased from about $20 billion to $125 billion.On Election Day, out of 41 local propositions related to data centers in 10 U.S. states, 40 of the voting results leaned towards restricting development, with 27 restrictive or oppositional propositions being passed. Research firm SemiAnalysis predicts that the impact of related policy changes on projects already underway by 2027 will be limited, but it may affect computing power expansion plans for 2028 and beyond. More than 90% of Nvidia's revenue comes from data center business; during the same period, Google Cloud's operating profit in the third quarter reached three times that of the same period last year, AWS's operating profit increased from $11.4 billion to $17.8 billion, and Microsoft Azure's revenue grew by 48%.

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%.