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BTC $60,434.20 -0.56%
ETH $1,551.27 -2.36%
BNB $572.24 -1.06%
XRP $1.09 -1.42%
SOL $61.52 -4.72%
TRX $0.3204 -0.46%
DOGE $0.0810 -0.92%
ADA $0.1577 -0.60%
BCH $217.26 +0.34%
LINK $7.31 -0.39%
HYPE $57.80 -4.29%
AAVE $60.01 -2.47%
SUI $0.7110 +1.96%
XLM $0.2003 +7.50%
ZEC $340.70 +1.31%

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Zcash plans to launch the Ironwood upgrade at the end of July 2026, introducing a new privacy pool and enhancing the verifiability of total supply

The Zcash Open Development Lab (ZODL) has proposed a new network upgrade and shielded pool named "Ironwood" in collaboration with Tachyon, Valar Group, Zcash Foundation, and Shielded Labs, scheduled to be activated by the end of July 2026, with the exact timing depending on the progress of testing and ecological coordination. Ironwood will continue to use the existing Orchard protocol but will add formal verification and independent security audits, and will verify the entire ZEC supply transferred from Orchard to Ironwood through the "Turnstile" mechanism, allowing anyone to audit the circulating supply of Zcash, thereby further enhancing the security and transparency of the protocol.ZODL stated that the recently discovered integrity vulnerability in Orchard was identified during ongoing security research and has been fixed through a coordinated upgrade. Currently, there is no evidence that the vulnerability has been exploited, nor are there any signs that user funds have been compromised or that the total supply of ZEC has changed. Related issues have not affected the privacy attributes of any privacy pools, and Orchard continues to operate normally. According to the plan, after the upgrade, the Orchard pool will close to new deposits and internal transactions, and funds can only be migrated to Ironwood through the Turnstile mechanism. Wallets supporting Orchard will provide a one-click migration feature, and the new privacy pool will continue to use users' existing Orchard addresses without the need to change the receiving address. In addition, ZODL is advancing the deprecation of zcashd, including the development of a new command-line wallet Zallet, assisting node operators in migrating to Zebrad, and updating wallets and SDKs to support the Ironwood upgrade.

The U.S. House of Representatives plans to set a 20-year holding period for strategic Bitcoin reserves

According to the official website of the U.S. Congress, the full text of the U.S. House of Representatives' "American Reserve Modernization Act" (H.R.8957, ARMA) has been made public. This bill was introduced on May 21 by Alaska Congressman Nicholas Begich and has now been referred to the House Financial Services Committee for review.The main content of the bill includes: incorporating Bitcoin obtained by the government through criminal or civil forfeiture into a strategic Bitcoin reserve managed by the Treasury Department, establishing a minimum holding period of 20 years during which it cannot be sold or disposed of; establishing a quarterly reserve verification mechanism and introducing independent third-party audits; allowing states to voluntarily hold their Bitcoin in independent accounts at the Federal Reserve.In terms of forward-looking provisions, the bill requires the Treasury Department and the Department of Commerce to jointly study feasible paths for increasing Bitcoin holdings in a budget-neutral manner within 180 days, including converting non-Bitcoin digital assets, forfeiture proceeds, voluntary donations, tax or tariff revenues, and utilizing mechanisms related to the Federal Reserve or gold certificates.Analysts point out that compared to the previous "BITCOIN Act," which called for the purchase of 1 million Bitcoins, ARMA is more moderate and politically feasible, but still leaves room for future federal increases in Bitcoin holdings.
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