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Related tickers and likely impact
ZEC/USDT
▲ Likely positiveZcash
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Privacy |
| Market cap | $21.2B |
| Close on 11/03/2026 | 1,219.04 |
| Change that session | +7.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Zcash grants group offers $124M compromise as governance backlash grows
Zcash Community Grants (ZCG) has proposed moving about 36,200 ZEC from its roughly 91,500-ZEC treasury to the Network Sustainability Mechanism (NSM) for future mining rewards, while forgoing about 62,000 ZEC in future allocations and tapering its remaining funding until the 2032 halving. Together, the changes would redirect about 98,000 ZEC (about $124 million) toward block rewards, leaving the committee with about 55,200 ZEC, worth about $70 million. The group describes the plan as preliminary, but critics have pushed back: Helius co-founder and CEO Mert Mumtaz called it “nowhere near good enough” and said the treasury is already too large, while Gemini co-founder Tyler Winklevoss questioned the accountability of a committee overseeing $110 million. The criticism follows a proposal by Zcash co-founder Sean Bowe to end ZCG’s automatic 8% share of newly issued ZEC and redirect it to the NSM while leaving the existing treasury untouched.
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Zcash co-founder Sean Bowe proposed ending the automatic allocation of 8% of newly created ZEC to the Zcash Community Grants (ZCG) program and redirecting it to a reserve for future mining rewards. He estimates ZCG has about $125 million available after existing commitments, enough to cover years of spending, while the program's expenses were just over $1.5 million in the first quarter, about $6 million annualized, versus roughly $68 million a year in inflows. The proposal comes amid criticism of ZECsy, a team that demonstrated private payments at an adult-industry convention; it requested $550,000, and the committee approved about $461,500 for startup funding and the first nine milestones. Bowe's draft does not cite that grant, has no activation date, and would require a change to Zcash's network rules.
- Zcash Is Getting a Major Upgrade in November. Could This Be a Catalyst for Further ZEC Price Gains?
The NU7 upgrade, due around Nov. 5, will cut Zcash's target block time from 75 seconds to 25 seconds, making confirmations roughly three times faster, although each exchange sets its own confirmation count. It also sends 60% of each block's fees into a network sustainability reserve, with miners keeping 40%, adds per-block limits on shielded transactions, and shuts down the Sprout privacy pool. The main risk is execution, as activation is on a faster schedule than the usual three months and stable mainnet software only launched on Oct. 22; funds left in Sprout would be lost. The author doesn't expect a big price impact, since upgrades are scheduled in advance and Zcash is already up 134% year to date, though a clean switch would be a positive sign.
- Zcash co-founder calls to stop funding 'over $125M' grants program
Zcash co-founder Sean Bowe has proposed ending the automatic funding stream to Zcash Community Grants (ZCG), saying the program already holds over $125M and that its treasury is large enough to keep funding projects without further automatic payments. A draft GitHub proposal would redirect ZCG's 8% share of the ZEC block subsidy to the network's sustainability reserve until the current funding period ends in 2028, leaving existing funds untouched. According to ZCG's dashboard, it held 91,453 ZEC and $8.8 million in cash, with $2.4 million in outstanding grant commitments, and the ZEC holdings alone were worth about $111 million at press time. Earlier, in September, Haseeb Qureshi of Dragonfly proposed ending the Zcash developer fund when its current funding period expires, warning that it risks being 'politicized' as it approaches $100 million in value.
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ZEC is up 149% year to date as of Oct. 22, while most major cryptocurrencies have lost value in 2026. Grayscale launched its Zcash ETF (ZCSH) on Aug. 25 and gathered more than $1 billion in its first 30 trading days. The bullish case rests on demand for financial privacy: about 29% of ZEC is now held in shielded addresses, up from about 12% at the start of 2025, and supply is capped at 21 million ZEC. Risks include use of Zcash to launder stolen funds in September and October, possible regulatory scrutiny, and a critical Orchard pool vulnerability disclosed in June that has since been patched. The author argues the ETF's 2.5% management fee ($25 per year per $1,000 invested) is a sizable premium over purchasing ZEC directly through an exchange, and says ZEC is highly volatile and should be only a small portfolio position.
- Crypto rises with Asian tech stocks, zcash extends gain after setting upgrade date
Bitcoin rose to about $83,500, its highest level in a week, as Asian tech stocks rebounded on strong earnings. SpaceX and Tesla formed special committees to discuss a merger that would combine more than 30,000 bitcoin held on their balance sheets. Ether gained 0.6% to near $2,460, while zcash extended a jump of about 11% over the past day after developers set a November date for its upgrade. Derivatives data showed futures volume up 19% and liquidations up 76%, with taker volume tilting toward longs. Volatility expectations for bitcoin and ether have cooled, and fresh leverage is building mainly in privacy coins such as ZEC and XMR.
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