Zcash holders back 25-second blocks, vote to keep ZEC halving schedule
Related
Zcash is nearing completion of its mathematical proof to prevent hidden issuance vulnerabilities; ZEC rises 12%.
According to Odaily Odaily, Zcash's native token ZEC rose more than 12% on Tuesday after the team responsible for developing its privacy pools said they were close to completing a mathematical proof to confirm that there was no undetectable forgery or over-issuance vulnerability in the latest Zcash shielded pools. This verification work is being carried out by Project Tachyon, targeting Zcash's upcoming Ironwood shielded pool. Zcash founder Zooko Wilcox stated that the project is on the verge of producing a mathematical proof, aiming to demonstrate that the latest Zcash privacy pool does not have undetectable proliferation vulnerabilities. This development stems from the disclosure last month of a serious forgery vulnerability in Zcash Orchard's shielded pool. At the time, this vulnerability caused market concerns that Zcash's privacy system might have undetectable hidden inflation risks, causing ZEC to fall by more than 40% within two days. Developers say that with the help of AI-assisted formal verification, proof work that might have previously taken years can now be compressed into weeks. This news pushed the ZEC back above $500, its highest level since early June. (The Block)
Rushed CLARITY Act vote could set legislation back, Gallego warns
Gallego said the White House has not provided point-by-point feedback on a bipartisan ethics proposal as a September vote approaches.
The vote on the merger of Adam Back's BSTR and Cantor SPAC has been postponed again to July 10.
PANews reported on July 1st that, according to monitoring data, the shareholder vote for the merger between Adam Back's Bitcoin Standard Treasury (BSTR) and Cantor Equity Partners I has been postponed again to July 10th. If the merger is completed, BSTR may purchase over 25,500 bitcoins.
Strategy Buys Back $139 Million of STRC, Bitcoin Stack Frozen for Second Week
The Bitcoin treasury firm slowed its preferred-stock buyback from last week's $176 million pace and left its 845,050 BTC untouched, per a Monday SEC filing.
Capital B raises $24.5M for its Bitcoin treasury amid market uncertainty with BlockStream’s Adam Back chipping in
The French Bitcoin treasury firm’s private placement drew support from Adam Back and TOBAM, with warrant exercises potentially unlocking another $158 million.
ENA token rises 10% as Ethena puts revenue-funded token buybacks to vote
The Ethena Foundation proposed buying the token supply held by major early investors and revealed a fee switch to turn 95% of net protocol revenue into ENA buybacks.