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THORChain announced that the ZEC liquidity pool is now live, and the network has completed a node rotation, with all nodes beginning to monitor the Zcash chain.THORChain stated that trading functionality will be the next step; currently, liquidity is shallow, and early traders should be aware of risks such as slippage. Previously, THORChain added native support for Zcash in the protocol upgrade, including UTXO handling, RPC logic, and ZEC price oracles, and continues to advance mainnet integration.

Zcash founder Zooko posted that Zcash has issued over 8 million dollars in retroactive grants this round, with millions of dollars awarded to those who contributed to protecting all users during this year's AI vulnerability crisis.The more significant meaning of this funding is that Zcash once again proves that its self-funding and self-governance system is sustainable, resistant to capture, and capable of continuous evolution. Zcash will conduct multiple rounds of similar funding every year in the future while continuously improving the mechanism.

According to GlobeNewswire, Grayscale's Zcash ETF (ZCSH) announced that it has completed the previously announced "3-for-1" share split, which took effect before the opening of the U.S. stock market, and the fund shares will trade based on the split-adjusted basis from that day onward.Grayscale stated that shareholders registered as of the close on September 28 will receive an additional 2 shares for every 1 share of ZCSH held before the split, meaning each share before the split will convert into 3 shares after the split. This split will not change the total value of shareholders' investments, and the net asset value (NAV) per share will be adjusted to approximately one-third of the pre-split amount.After the split, ZCSH continues to trade on NYSE Arca, with the trading code and CUSIP number remaining unchanged.

CoinBureau cites on-chain investigator ZachXBT, stating that suspected North Korean attackers are using Zcash to obscure the stolen funds from Bitget. Approximately 2,700 ZEC, worth about 3.8 million dollars, have begun to be transferred to Zcash's Ironwood.These stolen ZEC are being moved into a shielding pool, where transaction details can be hidden. In a security incident involving various assets totaling about 388 million dollars, approximately 18,900 ZEC, worth about 28.3 million dollars, were stolen. Previously, Bitget's CEO Gracy Chen expressed that she is "not very optimistic" about recovering the stolen funds.

The voting results of the Zcash third quarter token holder directed retroactive funding program show that both bounty proposals for Orchard fake currency vulnerability discoverer Taylor Hornby have been approved.One is for the $750,000 vulnerability bounty he applied for, and the other is a $750,000 additional bonus nominated by community members, totaling $1.5 million. The funded recipients will still need to complete the KYC and fund disbursement process.

According to CoinDesk, Zcash developers are integrating part of the proposed scaling upgrade code, Tachyon, into the software already in use to prepare for a large number of privacy transactions in the future. This component is named Udon, originally developed as part of Project Tachyon.According to Sean Bowe, the head of Project Tachyon, Udon was released on Monday to Zakura Common, which is a cryptographic library shared by Zakura and other Zcash projects. Common is responsible for handling some of the heavy mathematical computations behind creating and verifying privacy transactions, with Zakura being jointly developed by Bowe's team and Dev Ojha's Valar Group.Zcash wallets need to prove the validity of a privacy payment without disclosing the payer, payee, or amount, and the computers running the network subsequently verify that proof. According to CoinDesk's report in August, previous improvements to Common have reduced the time to create a privacy transaction from over 3 seconds to under 200 milliseconds in some tests.If privacy payments become more common, these computers will need to handle more data. Udon brings some of the computational requirements for the proposed scaling upgrade of Tachyon into Common, allowing developers to continue building on the already accelerated code. Udon has been released as software, but the upgrade has not yet been activated on Zcash.Bowe and Ojha's long-term goal is to exceed 50,000 payments per second. At this rate, they estimate that current cryptography will allow each Zcash node to receive over 500 MB of data per second.

According to on-chain data, a certain address 0xcf4c...be09 spent approximately 148 USD to purchase about 23,957,700 ZC on September 28 at 02:06, and then spent approximately 99 USD to buy about 11,042,800 ZC again at 02:13, with a total investment of about 247 USD.Currently, this address still holds approximately 20,797,900 ZC, valued at about 316,000 USD, accounting for about 2.08% of the total supply of ZC, making it the fifth largest holding address currently.

According to GMGN market data, the market capitalization of the ETH ecosystem meme coin ZC (zipcoin) once surpassed 14 million USD, increasing over 21 times within the day, currently reported at 10.07 million USD.The narrative of ZC (zipcoin) originates from Vitalik's recently completed 32-chapter novel "Snowmoon." In the novel, the fictional country Veridia uses zipcoin as its currency and has designed mechanisms such as anonymous payments, burning tokens to release high-value information, high-cost signaling through "Doorstep Burn," and automatic taxation. The prices of meme coins are highly volatile and easily influenced by market sentiment and trending events, so please be aware of trading risks.

Zhipu continues to address the code upload controversy surrounding its programming product ZCode. Existing paid users and those who have returned as paid users in the past month will receive 4 weekly reset cards and 4 5-hour reset cards, valid for 1 month.From September 28 to October 7, ZCode will also distribute 100,000 quotas of 100 million GLM-5.3-Flash Tokens to all users. Zhipu stated that the repository snapshot upload link has been removed, and the involved cloud data has been deleted. The open-source version is currently updated to v3.14.3, and subsequent code will not be uploaded to the cloud unless users actively initiate it.The controversy originated from the Repo Wiki feature that was enabled by default in the early stages of ZCode, which uploaded repository content to the cloud for processing when generating a knowledge base for the code repository. Zhipu has previously cut off the related upload paths and invited third-party organizations to verify the cloud data.

According to Bitcoin.com, Grayscale's Zcash ETF (ZCSH) has reached a net asset size of 1 billion dollars, with a cumulative net inflow of 306.12 million dollars, accounting for less than 30%. The fund began trading on NYSE Arca on August 25, and its size exceeded 500 million dollars within two weeks.ZCSH was renamed from Grayscale Zcash Trust, which was established in October 2017 and already held ZEC at the time of listing; meanwhile, the price of ZEC has roughly doubled since the ETF's listing, driving the growth of the fund's asset size. Grayscale's parent group DCG International Investments exchanged approximately 100 million dollars worth of ZCSH shares for 85,705.32563297 ZEC, and after excluding this non-cash transaction, the external new funds amount to about 200 million dollars.Grayscale will implement a 3-for-1 forward split before the market opens on September 30, and holders registered as of the market close on September 28 will be subject to this arrangement. After the split, the net asset value per share is expected to drop to about one-third, the number of shares will increase threefold, and the dollar value of the holdings will remain unchanged.

The cryptocurrency asset ETP issuer 21Shares has listed the first European Zcash exchange-traded product (ETP) on the pan-European exchanges in Paris and Amsterdam, with the code ZCASH and an annual management fee of 2.5%. This product physically holds ZEC, with BitGo serving as the custodian.ZCASH is traded in euros in Paris and in dollars in Amsterdam, with an initial issuance of 5,000 shares, each with a net asset value of $20.04, and an asset management scale of approximately $100,000. Grayscale's Zcash ETF ZCSH has an asset scale close to $890 million and will complete a 1-for-3 share split on September 30.

The privacy blockchain project Zcash plans to implement the NU7 upgrade, which will stop accepting the fourth version of transactions that spend funds from the Sprout pool after the upgrade. If ZEC is not transferred out before the upgrade, holders may lose the ability to spend the related funds. This proposal will not destroy the Sprout pool funds, and access may be restored in the future, but the proposal warns that funds left in the pool may also become permanently unspendable.Zcash co-founder Zooko Wilcox has forwarded the relevant reminder. The NU7 upgrade is scheduled to activate on the testnet on October 6, and Zcash expects to decide on October 20 whether to activate it on the mainnet as planned on November 5. The upgrade will also reduce the target block time from 75 seconds to 25 seconds and maintain the network halving cycle.

On Tuesday, European asset management firm 21Shares launched the first physically-backed ETP tracking Zcash on the Euronext Paris and Euronext Amsterdam exchanges, allowing investors to gain exposure to ZEC through brokerage accounts without directly holding the cryptocurrency. 21Shares also introduced an ETP tracking ETHFI, which is the governance and utility token of the decentralized finance protocol Ether.fi, providing crypto-financial services such as staking. Both ETPs are physically-backed with an annual management fee of 2.5%, higher than most Bitcoin and Ethereum investment products in Europe.The launch of the Zcash ETP closely follows Grayscale's introduction of the Zcash ETF in the United States, which is listed on the NYSE Arca under the ticker ZCSH. Zcash has recently performed strongly, with prices briefly surpassing $1500, and a nearly 1100% increase over the past year, leading to heightened market interest in it as an alternative to Bitcoin. Grayscale's research director Zach Pandl believes that Zcash may benefit from a "latecomer advantage," helping it overcome Bitcoin's entrenched network effects.The popularity of Zcash has also spread to the mining sector. Fortitude Digital Mining told Cointelegraph that the company mined about 28% of the total ZEC in the first half of 2026, with its focus on Zcash based on the network's proof-of-work model, supply cap, and privacy features.

The Zcash Foundation issued a statement indicating that it was previously unaware of the "ZRC-20" and CASH token-related matters. This project belongs to a third-party private project and is not an official Zcash token standard or protocol feature. It also reminds users to conduct thorough research before interacting with any tokens.

Grayscale Zcash ETF (ZCSH) is applying for a 3-for-1 forward split, which is expected to take effect on September 28. This move aims to lower the share price to enhance liquidity, as the fund's price had become too high due to significant increases.

Taiyuan Chengming Technology Co., Ltd. sent a letter to Beijing Zhipu Huazhang Technology Co., Ltd., raising multiple demands regarding the alleged unauthorized upload of company data assets and trade secrets by its ZCode client, and reserving the right to pursue legal accountability. Chengming Technology pointed out that although Zhipu has publicly apologized for the "silent upload of user local repository data" and claimed to have fixed the issue, independent evidence collection revealed that the upload behavior was automatically triggered and occurred in bulk, including complete archived files such as project source code, system architecture, version control history, database passwords, cloud service credentials, and employee personal information, far exceeding the scope of collection stated in its Privacy Policy.Although the client was updated to version 3.12.3 on September 16, upload behavior was still detected in the early hours of the day Zhipu publicly apologized, raising doubts about the actual effectiveness of the "fix." At the same time, the ZCode client’s network requests pointed to a Singapore entity, while the service agreement was signed with Beijing Zhipu Huazhang, requesting clarification on the responsible party for this upload, as well as whether the data was transmitted abroad or stored overseas.Chengming Technology demanded that Zhipu respond in writing by October 10 and complete the immediate cessation of processing and thorough deletion of all uploaded data and related derivative data, caches, and backups, provide a complete list of processing situations, clarify the data's whereabouts, whether it was shared with third parties, whether it was used for model training, and whether cross-border transmission occurred, explain the management of encryption private keys and complete operation logs, clarify the exact scope of "destruction" mentioned in previous public responses, issue proof of deletion completion, provide a written commitment not to upload without authorization again, legally provide access, copying, and explanation of personal information, and designate formal communication channels, among other matters. Currently, Zhipu has not publicly responded to the aforementioned letter.

According to Arkham monitoring, the Zcash whale address t1Lyq transferred approximately $362.56 million worth of ZEC last night, with $15 million deposited into Coinbase, marking the first recharge to the trading platform by this address in 10 months.Ten months ago, this batch of ZEC was worth approximately $163.88 million. Arkham stated that the whale has realized a paper profit of about $361 million from holding ZEC since 2025.

According to The Wall Street Journal, the Zcash ETF (ticker: ZCSH) launched by Grayscale announced a 3-for-1 forward share split for the fund. This split will not change the total value of shareholders' investments.

The Zcash development team plans to activate the NU7 mainnet upgrade on November 5, after various organizations and engineering teams have reached a consensus on the upgrade content and expected timeline. Zcash developer Sean Bowe stated that the upgrade will be activated on the testnet on October 6. The team plans to finalize the mainnet upgrade and activation block height after evaluating the performance of the NU7 testnet on October 20.The upgrade will shorten the target block interval from 75 seconds to 25 seconds, disable version 4 transactions, and integrate a network sustainability mechanism. The selected network sustainability mechanism will retain the Zcash halving cycle, with the previously removed supply being reintroduced starting February 2031. NU7 does not introduce a new transaction format, resulting in limited impact on wallets, but full nodes, indexers, and block explorers may need adjustments.

Dragonfly Managing Partner Haseeb Qureshi commented on the controversy surrounding the Zcash development fund, stating that the Zcash community has positioned itself as "the crypto version of Bitcoin" and has refused to continue adding more features to the protocol. To become a reliable store of value, Zcash ultimately needs to achieve protocol finality, but it still needs to advance Tachyon, quantum resistance, and comprehensive formal verification required to address AI network attacks, making it unsuitable for finality in the next one to two years.The development fund has played a necessary role during the phase of lacking private funding to support Zcash development, and under current rules, it will expire in 2028. However, as the price of ZEC has surged significantly, the scale of the fund has expanded by an order of magnitude; once the fund exceeds 100 million dollars, it will inevitably move towards institutionalization and face the risk of the allocation mechanism being politicized.He advocates for the continued retention of the development fund at this stage to complete the remaining technical work before protocol finality, but this round should be the last round of the development fund. Once Zcash meets the conditions for finality, the fund should gradually wind down rather than continue seeking new funding projects; future development needs can be spontaneously funded by holders and ecosystem supporters, similar to Bitcoin.In terms of governance, Haseeb does not support voting solely by token holders, believing that a store of value asset requires policy predictability, and pure token governance is too volatile. He supports limited participation by holders and believes that committee governance, while flawed, may be a more feasible solution. Haseeb also disclosed that Dragonfly holds ZEC and that he himself is a ZODL investor, but ZODL will not directly benefit from the development fund.