Grayscale Launches Zcash ETF Following Critical Privacy Flaw That Rocked the Cryptocurrency
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Grayscale says Zcash can challenge Bitcoin’s network effects as privacy demand grows
ZEC has climbed roughly 19-fold in a year, yet Grayscale says its sub-1% share of Bitcoin’s market cap leaves room for further upside.
Winklevoss-Backed Cypherpunk Launches 'World's Largest' Zcash Mining Fleet
The Nasdaq-listed privacy firm launched Cypherpunk Mining through a $33.33 million equity deal with Winklevoss Capital, adding roughly 18% of the Zcash network's hashrate to accelerate its treasury ambitions.
Zcash's new privacy pool, Ironwood, will employ formal verification to eradicate undetectable proliferation vulnerabilities.
Mars Finance reports that the Zcash development team has announced plans to introduce formal verification through the upcoming new privacy pool, Ironwood, to eliminate the risk of "undetectable issuance vulnerabilities" through mathematical proof. Previously, it was reported that while the vulnerability in the Orchard shielding pool had been patched and there was no evidence of exploitation, the community decided to launch the new Ironwood shielding pool and conduct comprehensive formal verification of its protocol because it is theoretically impossible to confirm whether covert issuance has occurred through on-chain history.
Bloomberg analysts: June ETF market saw record-breaking data, with both inflows and new product launches exceeding expectations.
PANews reported on July 5th that Eric Balchunas, a senior ETF analyst at Bloomberg, analyzed that the ETF market experienced a "June SANITY" level performance in June, with many indicators approaching or breaking historical records. Data shows that net inflows into ETFs reached $191 billion that month, the second-highest monthly level on record, averaging approximately $9 billion per day, covering about 2,700 different funds. At the same time, the number of new ETF products launched in June reached 214, approximately 10 per day, significantly breaking historical records. Furthermore, the total trading volume of ETFs in June reached $7 trillion, the second-highest level on record. Eric Balchunas concluded that this series of data reflects a comprehensive explosion in the ETF market in terms of inflows, new product launches, and trading activity.
Zcash hits highest price since 2016 as market cap tops $20B
ZEC gained 45% over the past week, extending its rally since Grayscale converted its Zcash Trust into an ETF that began trading Aug. 25.
Bybit launches perpetual stock contracts with Bending Spoons, Netflix, and Take-Two Interactive.
According to Foresight News , Bybit has launched perpetual contracts for BSP (Bending Spoons), NFLX (Netflix), and TTWO (Take-Two Interactive) USDT. Trading is now open, with leverage up to 20x supported.