ZEC

Zcash has activated its NU7 upgrade on public testnet ahead of a planned mainnet rollout on Nov. 5. The change cuts the target block time from 75 seconds to 25 seconds while adjusting rewards, fees and legacy Sprout transaction support.

Wallets linked to Bitget’s $387.5 million hack moved 2,746 ZEC into Zcash’s Ironwood shielded pool in three transfers on Wednesday. The deposits represented about 15% of the ZEC stolen in the Sept. 24 breach and may make the funds harder to trace.

Gemini has replaced Zebra with Zakura for its Zcash systems, saying the newer software caught up with the network in just over six hours during deployments. The change comes as Zcash developers prepare the NU7 upgrade, which would cut block times from 75 seconds to 25 seconds.

Bitcoin traded just above $83,100 as rising Treasury yields and stronger oil prices kept pressure on risk assets ahead of key inflation data. ZEC led major token losses with a 12 percent drop, while GRT jumped 18 percent and total crypto market value stayed near $2.86 trillion.

Zcash has cooled after a sharp rally, falling 6% in the past 24 hours while still holding a 200% gain this year. Strong shielded transaction usage and elevated futures interest keep the bullish case alive, but slowing ETF inflows and bearish momentum signals raise pullback risk.

A new Shielded Bitcoin design proposes private bitcoin-denominated transfers that could hide amounts, senders and recipients while leaving Bitcoin’s consensus rules untouched. The approach remains preliminary, with major questions around real BTC deposits, withdrawals, fees and cryptographic trust assumptions.

Bitcoin traded just above $81,000 in Asian hours as optimism around tokenized U.S. stock trading and firmer equity markets supported crypto sentiment. NEAR led major tokens with a roughly 23% jump after heavy ZEC swap activity flowed through its cross-chain service.

Zcash developers are aiming for a Nov. 5 activation of NU7, an upgrade that would reduce block times from 75 seconds to 25 seconds. The proposal would also temporarily set aside about 60% of transaction fees for future miner rewards beginning in February 2031.

Zcash is outperforming a weaker crypto market, rising 7% in the past 24 hours as many major tokens fall after a failed Clarity Act vote in the United States. On-chain usage, rising shielded transactions and a bullish consolidation pattern are keeping $1,750 in play if ZEC confirms a breakout above $1,300.

Zcash holders overwhelmingly supported shorter block times, preserving the network’s bitcoin-style halving schedule and moving ahead quickly with the NU7 upgrade. Nearly 2.4 million ZEC participated in the privacy-preserving vote, representing roughly two-thirds of eligible tokens.

Zcash rallied above $800 for the first time since 2018 as futures activity, social media comparisons to Bitcoin and Grayscale’s spot ETF effort intensified market attention. The move came with sharp volatility, heavy leverage signals and renewed focus on the privacy token’s Bitcoin inspired monetary design.

Two of the largest public bitcoin treasury firms are carrying combined unrealized losses of nearly $10 billion, underscoring the risks of concentrating corporate balance sheets in one token. Bitcoin remains rangebound between $62,000 and $66,000 as traders weigh fading bearish momentum against macro catalysts.

Zcash is attempting to recover inside a bearish continuation pattern after rejection near $650. Technical traders are watching the $580 to $600 area and the $450 to $470 support zone for the next decisive move.

Zcash remains under pressure after sliding from its mid-July high, but several short-term technical signals suggest selling momentum may be fading. Traders are watching the $478–$480 area as a key confirmation zone for a potential rebound toward $500.

Zcash extended its decline to around $510, leaving the privacy coin vulnerable after losing momentum from a recent local high near $590. Technical traders are watching a triangle breakdown, weakened moving average structure, and an ascending channel pullback that could put sub $500 levels in focus.

Zcash is testing a decisive resistance zone near $525 after gaining 25% over the past 30 days despite a recent drop of more than 6%. Social activity, shielded supply trends, and chart structure point to a pivotal moment for ZEC, with traders watching for either a breakout toward recent highs or a slide toward $390.

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Bitcoin climbs to $115,200 and Ether hits $4,160 as markets anticipate a Fed rate cut. Older altcoins gain while newer tokens slump. Stay updated on crypto trends, technical levels, and market insights.