News Heat Trend
Project Overview
Zcash is a privacy-preserving cryptocurrency that provides anonymous value transfer using zero-knowledge cryptography. The protocol offers the option to make transactions either shielded, which will be completely anonymous, or transparent, which will be visible on the Zcash blockchain.
Position value approximately $129 million, Cypherpunk Technologies reports Q2 net profit of $39.39 million
Odaily News: ZEC treasury company Cypherpunk Technologies (Nasdaq: CYPH) has released its Q2 2026 financial report, posting a net profit of $39.39 million, or $0.18 diluted earnings per share; in the same period last year, the company reported a net loss of $16.64 million and an operating loss of $4.69 million. R&D expenses stood at $0.2 million, down from $10.54 million in the same period last year, primarily due to the completion of clinical trials; general and administrative expenses reached $4.49 million, up $2.75 million year-over-year, mainly driven by increased stock-based compensation. As of June 30, the company's cash balance was $7.6 million. During Q2, the ZEC price rose from $243.35 to $400.09, generating approximately $46 million in non-cash unrealized gains for the company. As of August 11, 2026, the company held a cumulative total of 323,400 ZEC, with an average cost basis of approximately $341.83, representing about 1.92% of ZEC's total circulating supply. On the business development front, the company has appointed Dev Ojha, founder of Valar Group, as an advisor. Valar Group focuses on Zcash network development and research, and has led the development of the high-performance full node software Zakura and the Ironwood shielded pool. The company's subsidiary, Leap Therapeutics, has reached an agreement with the U.S. FDA on the Phase III clinical trial design for sirexatamab (anti-DKK1 monoclonal antibody), and received FDA Fast Track designation in May 2026 for the treatment of patients with second-line metastatic colorectal cancer with high DKK1 expression. The company has also initiated a strategic process to evaluate pathways for advancing sirexatamab development through independent financing or collaboration with partners.
Zcash Mining Firm Plans Merger with HeartSciences, Sending the Latter’s Stock Soaring
Fortitude Mining, a Zcash mining firm under Digital Currency Group, has announced the signing of a definitive merger agreement with HeartSciences Inc., a Nasdaq-listed small-cap medical technology company, to combine the two entities. Following the announcement, HeartSciences’ stock price rose approximately 60% during intraday trading on Tuesday, closing with a gain of about 55% at $2.70.Fortitude primarily engages in Zcash mining operations. Despite ZEC's recent weak performance, DCG founder and CEO Barry Silbert stated that Zcash remains one of the most attractive opportunities in the digital asset space.Fortitude CEO Andrea Childs noted that the merger is not based on business synergies, but rather aimed at gaining access to public capital markets, thereby securing more flexible financing channels to accelerate its core strategy. This includes a Zcash-focused "venture mining" platform and continued expansion into high-return opportunities within its power asset portfolio.Both parties expect the transaction to be completed in the second half of this year. The deal also indicates that some crypto mining firms are attempting to access capital markets through mergers with publicly listed companies to support their future expansion.
Cantor Fitzgerald: Bitcoin Bear Market May Be Nearing the End, Expected to Bottom Out Around October
According to CoinDesk, Wall Street bank Cantor Fitzgerald issued a research report indicating that the crypto market is entering the final phase of the current bear cycle. As of June 10, Bitcoin has declined approximately 51% from its 2025 peak, with 252 days having passed since the peak. Synthesizing the past three market cycles, BTC bottoms on average 384 days after the peak; based on this, the low point of this cycle is projected to appear around the end of October. Analysts also noted that the model is not a precise timing tool, and macro, regulatory, and geopolitical risks remain. Regarding network value assessment, Cantor believes Hyperliquid is the prime example of fee-driven token economics, Bitcoin remains the benchmark monetary asset, and Ethereum serves as the primary collateral layer for on-chain finance; Solana, Sui, XRP, and Zcash each possess differentiated advantages, but still need to prove that their ecosystem growth can translate into sustained token demand.
Arthur Hayes: Rising Oil Prices, AI-Related IPOs, and Trump's Anti-AI Rhetoric Could Pop the AI Bubble and Drag Down the Crypto Market
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.
Bitwise CIO: Crypto Investment Shifting from Momentum Trading to "Contrarian Betting"
Bitwise Chief Investment Officer Matt Hougan stated that as U.S. stocks continue to rise, AI stocks attract significant capital, and the regulatory outlook for the U.S. "Clarity Act" remains uncertain, crypto assets are transitioning from past momentum trading to longer-term fundamental "contrarian bets."Hougan pointed out that against the backdrop of the Nasdaq 100 index rising 43% year-over-year and AI concepts dominating market attention, the appeal of allocating crypto assets for institutional investors has diminished. However, this does not mean the crypto industry is disappearing; rather, the investment logic is changing, requiring a longer-term perspective and stronger fundamental judgment.He also noted that the current "crypto winter" differs from the past, as funds are no longer simply flowing into large-cap assets like Bitcoin but are beginning to reward projects with independent fundamental narratives. For instance, Hyperliquid, BNB, Zcash, and Stellar have all seen notable gains recently, indicating that the market is placing greater emphasis on the actual progress and differentiated logic of specific projects.
Zcash Foundation Q1 Report: Total Liquid Assets Reach Approximately $36.7 Million, ZEC Holdings Exceed 85,000 Coins
The Zcash Foundation released its Q1 2026 report, disclosing total liquid assets of approximately $36.7 million, including roughly $12.11 million in cash, 506,556 USDC, 85,412 ZEC (valued at ~$21.2 million), 41.8 BTC (valued at ~$2.85 million), and 12.02 ETH (valued at ~$25,000). The Zcash Foundation added that, although the first quarter of this year saw personnel changes within the Electric Coin Company’s development team and governance-related disputes, network operations remained unaffected, with transactions and block production continuing normally. On the regulatory front, the U.S. Securities and Exchange Commission (SEC) has concluded its investigation without taking any enforcement action, thereby resolving long-standing regulatory uncertainty.
Grayscale Files for First Zcash Spot ETF
Grayscale submitted the first application for a Zcash spot ETF on May 8.ZEC’s price once touched $600, pushing its market cap into the top 15 and surpassing Cardano. Multicoin Capital co-founder Tushar Jain noted that this move is driven by growing demand for privacy assets amid U.S. wealth tax legislative proposals. The SEC concluded its review of Zcash in January 2026 without taking enforcement action. Data shows that approximately 30% of ZEC’s supply is held in shielded addresses. Last week, U.S. Bitcoin spot ETFs saw $268 million in outflows, with some capital rotating into privacy and AI infrastructure tokens.
Foundry, a leading Bitcoin mining pool, has officially launched its Zcash mining pool, already accounting for nearly one-third of newly minted ZEC.
According to Fortune, Foundry, a leading Bitcoin mining pool, officially launched a new mining pool for the privacy coin Zcash on April 13. Mike Colyer, CEO of Foundry, stated that this move aims to address growing institutional demand for privacy coins. The pool has already attracted several institutional miners, and its output now accounts for nearly one-third of all newly minted Zcash globally. Zcash implements transaction privacy via zero-knowledge proof technology while supporting selective disclosure to meet regulatory compliance requirements—making it more appealing to institutions than its competitor Monero. Fueled by this news, Zcash’s price has surged over 75% in the past 30 days, with its current market capitalization standing at approximately $6.3 billion. Foundry currently controls about 31% of the global Bitcoin hash rate, making it the world’s largest Bitcoin mining pool operator.
B² Network Suffers Hacker Attack, Losses Approximately $3.86 Million
According to on-chain analyst Specter, B² Network on BNB Chain suffered a hack, resulting in a loss of approximately 8.591 million B2 tokens (approximately $3.86 million). The attacker swapped them for 5409 WBNB (approximately $3.11 million) and bridged to Ethereum, and is currently transferring the funds to Zcash via NEAR Intents.
Multicoin Capital: No Plan to Sell HYPE, Long-Term Bullish on Zama and Zcash
Tushar Jain, Managing Partner of Multicoin Capital, posted on platform X, stating that a large amount of HYPE was unstaked yesterday, but not for the purpose of selling assets. He noted that because institutional capital flows are constantly tracked on-chain, it forces them to periodically rotate wallets, highlighting the importance of privacy infrastructure. This is why Multicoin Capital is long-term bullish on Zama and Zcash.Previously, according to on-chain analyst Yu Jin's monitoring, a suspected Multicoin Capital-related address (0xaB3...297) is selling 607,000 HYPE, worth $37 million.
A trader opened a $10.9 million short position on Hyperliquid, shorting 163.02 BTC and 877 ZEC
according to Onchain Lens monitoring, a trader opened a $10.9 million short position on Hyperliquid, including 163.02 BTC (approximately $10.4 million) and 877 ZEC (approximately $463,000).
Ansem: If Zcash breaks through the 750 range, the uptrend could significantly accelerate.
Trader Ansem stated that Zcash has been consolidating within the relevant range for nearly a year, identifying 750 as a key level to watch. He believes that if the price breaks out upward and sets a new high, the next phase of gains in the current trend could be quite rapid. Although he does not currently hold long positions, he believes that failing to allocate after the breakout is confirmed could be a mistake.
Multicoin Capital Partner Claims Crypto Market Has Bottomed, Remains Bullish on SOL, Hyperliquid, and ZEC
: Tushar Jain, Managing Partner of Multicoin Capital, stated that the crypto market has bottomed out and entered a turning point. Market sentiment has truly hit rock bottom, recent major hacking incidents and other news have not triggered large-scale sell-offs, application adoption rates continue to rise, and there is a decoupling between price and fundamentals. He maintains a long-term bullish outlook on Solana, believing SOL represents the correct architecture for spot trading and tokenized securities. Simultaneously, he is bullish on Hyperliquid's leading position in the derivatives space and currently holds significant positions in both.Regarding ZEC, he stated that Multicoin has accumulated a considerable proportion of its supply and believes it represents the industry's return to "cypherpunk" values, with the potential to enter the top five by market cap. In terms of position management, he adopts a "three-way split" strategy: immediately buying the first third, dollar-cost averaging the second third, and reserving the final third as flexible capital to cope with significant market downturns. During the Zcash code vulnerability incident, after the team observed and confirmed no hacker exploitation, they significantly increased their positions.
A whale with historical profits exceeding $38.75 million went heavily long on ZEC and LIT after months of silence, with a total position value of approximately $10.99 million.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale wallet with historical cumulative profits exceeding $38.75 million has reactivated after months of silence. Several hours ago, it deposited $892,000 USDC into Hyperliquid and staked HYPE, then opened two long positions: 14,290 ZEC (approximately $7.01 million, 10x leverage) and 1.62 million LIT (approximately $3.98 million, 5x leverage), with a total position size of approximately $10.99 million. Additionally, the wallet has placed limit orders planning to buy another 10,032 LIT.
Zcash Mainnet Completes Ironwood Upgrade, New Privacy Pool Officially Enabled
According to official announcements, Zcash has officially activated the Ironwood NU6.3 network upgrade at mainnet block height 3,428,143 and launched the new shielded pool Ironwood. This upgrade aims to address the previously discovered Orchard soundness vulnerability, improve protocol security, and enhance the independent verifiability of ZEC circulating supply integrity.
B² Network suspected of being exploited, attacker transfers 8.591 million B2
: According to on-chain detective Specter’s monitoring, B² Network may have suffered a vulnerability exploit on BNB Chain. The attacker transferred 8.591 million B2, worth $3.86 million, and exchanged them for 5,409 WBNB, worth $3.11 million. The funds were then bridged to Ethereum, and are currently being transferred to Zcash via NEAR Intents. The addresses used for the theft are 0xEc443f7D79835B464FBEAC798d3f92B62d6Ff433 and 0xf977427Ec8e583C55D413061FC205BCD57e8Bf6D.
B² Network Suffers Hacker Attack, Losses Approximately $3.86 Million
According to on-chain analyst Specter, B² Network on BNB Chain suffered a hack, resulting in a loss of approximately 8.591 million B2 tokens (approximately $3.86 million). The attacker swapped them for 5409 WBNB (approximately $3.11 million) and bridged to Ethereum, and is currently transferring the funds to Zcash via NEAR Intents.
Multicoin Capital Partner Claims Crypto Market Has Bottomed, Remains Bullish on SOL, Hyperliquid, and ZEC
: Tushar Jain, Managing Partner of Multicoin Capital, stated that the crypto market has bottomed out and entered a turning point. Market sentiment has truly hit rock bottom, recent major hacking incidents and other news have not triggered large-scale sell-offs, application adoption rates continue to rise, and there is a decoupling between price and fundamentals. He maintains a long-term bullish outlook on Solana, believing SOL represents the correct architecture for spot trading and tokenized securities. Simultaneously, he is bullish on Hyperliquid's leading position in the derivatives space and currently holds significant positions in both.Regarding ZEC, he stated that Multicoin has accumulated a considerable proportion of its supply and believes it represents the industry's return to "cypherpunk" values, with the potential to enter the top five by market cap. In terms of position management, he adopts a "three-way split" strategy: immediately buying the first third, dollar-cost averaging the second third, and reserving the final third as flexible capital to cope with significant market downturns. During the Zcash code vulnerability incident, after the team observed and confirmed no hacker exploitation, they significantly increased their positions.
Zcash close to completing mathematical proof to prevent hidden inflationary vulnerability, ZEC up 12%
Odaily Zcash's native token ZEC rose over 12% on Tuesday after the team responsible for developing its privacy pool said it is nearing completion of a mathematical proof to confirm that there are no undetectable counterfeit minting vulnerabilities in the latest Zcash shielded pool.The verification work, driven by Project Tachyon, is aimed at Zcash's upcoming Ironwood shielded pool. Zcash founder Zooko Wilcox stated that the project is on the verge of producing a mathematical proof, with the goal of proving that the latest Zcash privacy pool has no undetectable minting vulnerabilities.This development follows the disclosure last month of a serious counterfeit vulnerability in the Zcash Orchard shielded pool. At the time, the flaw sparked market concerns about the potential for undiscoverable, hidden inflation risks within Zcash's privacy system, causing ZEC to drop by over 40% within two days.Developers say that with the help of AI-assisted formal verification, proof work that previously might have taken years has now been compressed to a few weeks. The news pushed ZEC back above $500, its highest level since early June. (The Block)
Zcash's new privacy pool Ironwood to adopt formal verification, aiming to eliminate undetectable counterfeiting vulnerabilities
the Zcash development team announced plans to introduce formal verification through the upcoming new privacy pool Ironwood, using mathematical proof methods to eliminate the risk of "Undetectable Counterfeiting."Previously, although the vulnerability in the Orchard shielded pool has been fixed and there is no evidence of exploitation, the community decided to launch a completely new Ironwood shielded pool and perform comprehensive formal verification on its protocol, as it is theoretically impossible to confirm through on-chain history whether covert counterfeiting has occurred.
Grayscale Amends Zcash Trust Registration Statement for Fourth Time, Plans to List on NYSE Arca
Grayscale has filed the fourth amendment to the registration statement for the Grayscale Zcash Trust (ZEC) with the U.S. Securities and Exchange Commission, planning to list the trust on the NYSE Arca market under the ticker symbol ZCSH. Upon completion of the listing, Authorized Participants will be able to continuously subscribe and redeem trust shares, differing from the previous model where trading was limited to the over-the-counter market and redemptions were not supported.
Cypherpunk Becomes Largest Zcash Miner, Acquires Winklevoss Mining Rigs
Cypherpunk Mining signed a $33.33 million agreement with Winklevoss Capital, deploying 4.2 Gsol/s hashrate to become the world's largest Zcash miner, producing approximately 7,800 ZEC per month.
Independent Organization Zcash Labs Launches, Focusing on Driving ZEC Enterprise Adoption and Real-World Application Implementation
The independent organization Zcash Labs officially launched on Wednesday, aiming to help enterprises overcome obstacles in adopting the privacy cryptocurrency Zcash (ZEC). Its early work focus includes providing technical integration and support, as well as funding projects that help expand real-world use cases for ZEC.
Position value approximately $129 million, Cypherpunk Technologies reports Q2 net profit of $39.39 million
Odaily News: ZEC treasury company Cypherpunk Technologies (Nasdaq: CYPH) has released its Q2 2026 financial report, posting a net profit of $39.39 million, or $0.18 diluted earnings per share; in the same period last year, the company reported a net loss of $16.64 million and an operating loss of $4.69 million. R&D expenses stood at $0.2 million, down from $10.54 million in the same period last year, primarily due to the completion of clinical trials; general and administrative expenses reached $4.49 million, up $2.75 million year-over-year, mainly driven by increased stock-based compensation. As of June 30, the company's cash balance was $7.6 million. During Q2, the ZEC price rose from $243.35 to $400.09, generating approximately $46 million in non-cash unrealized gains for the company. As of August 11, 2026, the company held a cumulative total of 323,400 ZEC, with an average cost basis of approximately $341.83, representing about 1.92% of ZEC's total circulating supply. On the business development front, the company has appointed Dev Ojha, founder of Valar Group, as an advisor. Valar Group focuses on Zcash network development and research, and has led the development of the high-performance full node software Zakura and the Ironwood shielded pool. The company's subsidiary, Leap Therapeutics, has reached an agreement with the U.S. FDA on the Phase III clinical trial design for sirexatamab (anti-DKK1 monoclonal antibody), and received FDA Fast Track designation in May 2026 for the treatment of patients with second-line metastatic colorectal cancer with high DKK1 expression. The company has also initiated a strategic process to evaluate pathways for advancing sirexatamab development through independent financing or collaboration with partners.
Grayscale withdraws three ETF registration applications for ADA, HBAR, and DOT in succession, without disclosing specific reasons
Odaily News – Grayscale withdrew three ETF registration applications for Cardano (ADA), Hedera (HBAR), and Polkadot (DOT) in succession on August 7, with the three withdrawal filings submitted approximately 190 seconds apart.All three withdrawal filings indicate that Grayscale no longer plans to proceed with the issuance of shares for the related ETFs. The filings also note that the registration statements had not yet taken effect, no securities were issued or sold, and no preliminary prospectus was published. These withdrawals do not represent rejections by the SEC of the related ETF applications, and the filings do not disclose the reasons behind them.As of August 8, Grayscale's altcoin ETF applications for Bittensor, Aave, BNB, NEAR, and Zcash remain in the preliminary stage. Previously, Grayscale's Avalanche Staking ETF and Hyperliquid Staking ETF registration statements took effect in March and June of this year, respectively. However, the effectiveness of a registration statement does not mean the product has begun trading. (cryptoslate)
Zcash 社区将于 8 月 25 日启动 NU7 持币人投票，聚焦发行机制与升级范围
Valar Group 与 Project Tachyon 宣布，计划于 2026 年 8 月 25 日 发起为期约 18 天 的 Zcash NU7 持币人投票，以确定 NU7 升级范围。此次投票将在专用投票链上进行，采用经审计的隐私投票技术，符合条件的投票者需在 8 月 24 日 19:00 UTC 快照时持有可支配的 Ironwood 屏蔽资金。
Related news
Fortitude Crypto Mined ZEC at Scale in Q2, Generating Over $20 Million in Revenue
Odaily News - Barry Silbert, founder of DCG, the parent company of Grayscale, stated on the X platform that Fortitude Crypto had a strong second quarter, is conducting large-scale ZEC mining operations, and is moving toward the public market.Fortitude reported Q2 revenue of $20.9 million, adjusted EBITDA of $8.5 million, and a net loss of $9.5 million for the quarter. The company mined approximately 33,646 ZEC during the quarter, with an average hashrate of 4.0 GSol/s.
Crypto KOL Ansem Bullish on Blue-Chip Crypto Portfolio, Expects 3x to 5x Returns Over Next Two Years
Crypto KOL Ansem (@blknoiz06) recommended that investors allocate an equal-weight portfolio across $BTC, $ETH, $SOL, $HYPE, and $PUMP, forecasting the overall position could gain 3-5x over the next two years. Ansem specifically highlighted that $HYPE and $PUMP carry the highest risk-reward ratios. Additionally, Ansem added in the comments that $ZEC is also worth monitoring.
Grayscale Submits Amended Filing for Zcash Trust Listing, Plans NYSE Arca Debut Under "ZCSH"
Odaily News: According to market reports, Grayscale has submitted the fourth amended registration statement for the Grayscale Zcash Trust (ZEC) to the U.S. SEC. The trust is expected to be renamed upon the registration statement becoming effective and will list on NYSE Arca under the ticker "ZCSH." Additionally, DCG International Investments L, a subsidiary of Digital Currency Group (DCG), is in discussions with the sponsor to subscribe for approximately 200,000 ZEC worth of trust shares. However, the arrangement has not yet formed a binding agreement, and the final subscription amount may change or be canceled.
Grayscale Amends Zcash Trust Registration Statement for Fourth Time, Plans to List on NYSE Arca
Grayscale has filed the fourth amendment to the registration statement for the Grayscale Zcash Trust (ZEC) with the U.S. Securities and Exchange Commission, planning to list the trust on the NYSE Arca market under the ticker symbol ZCSH. Upon completion of the listing, Authorized Participants will be able to continuously subscribe and redeem trust shares, differing from the previous model where trading was limited to the over-the-counter market and redemptions were not supported.
Cypherpunk Becomes Largest Zcash Miner, Acquires Winklevoss Mining Rigs
Cypherpunk Mining signed a $33.33 million agreement with Winklevoss Capital, deploying 4.2 Gsol/s hashrate to become the world's largest Zcash miner, producing approximately 7,800 ZEC per month.
Independent Organization Zcash Labs Launches, Focusing on Driving ZEC Enterprise Adoption and Real-World Application Implementation
The independent organization Zcash Labs officially launched on Wednesday, aiming to help enterprises overcome obstacles in adopting the privacy cryptocurrency Zcash (ZEC). Its early work focus includes providing technical integration and support, as well as funding projects that help expand real-world use cases for ZEC.