The mystical power of history, with an uncanny accuracy rate.
2018: Zcash surged. Bitcoin plummeted 84%.
2021: Zcash surged. Bitcoin plummeted 77%.
2024: Zcash surged. Bitcoin plummeted 40%.
2026: Zcash surged. Bitcoin plummeted XX%?
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TheCryptoBasic
9h ago
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⚡Five Latest Developments in the Crypto Market
▪️ Stripe, Mastercard, and Visa are set to launch a joint stablecoin platform; Coinbase may join.
▪️ Bankless co-founders converted their Ethereum holdings into VVV, NEAR, ZEC, HYPE, and LIT.
▪️ Following their $10 million Ethereum purchase, the seven siblings raised another $20 million in USDT to increase their Ethereum holdings.
▪️ Amid market weakness, Mt. Gox transferred $8.16 million worth of Bitcoin to Bitstamp.
▪️ A major HYPE holder withdrew over $53 million worth of HYPE from exchanges in a single day.
Behind the Scenes: Zcash appeared offline for hours, but the $ZEC network never actually stopped running.
According to Helius CEO Mert Mumtaz, the real problem was that the block explorer connected to a faulty node, not a failure of the blockchain itself. This created the illusion of a network outage.
• The disruption stemmed from a network-wide upgrade designed to fix a vulnerability in the Orchard shielded pool.
• Developers confirmed there was no financial loss, and the ZEC supply was unaffected.
The Zcash Foundation released Zebra versions 4.5.3 and 5.0.0 to fix a critical vulnerability affecting the Orchard Action circuitry.
To control the issue, Zebra version 4.5.3 activated a timed network upgrade at mainnet block 3,363,426, temporarily suspending Orchard functionality.
This fix was fully implemented in Zebra version 5.0.0, with the NU6.2 protocol upgrade taking effect at block 3,364,600. Orchard has also resumed functionality via the corrected circuitry.
The Foundation stated that the vulnerability was detected before any known exploits and there is no evidence of unauthorized value creation. User privacy was unaffected, and transactions on the Sapling and Transparent pools functioned correctly throughout the process. The Foundation encourages Zebra node operators to upgrade to version 5.0.0.
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Decrypt
06-03 23:36
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Zcash completes its "most ambitious" network upgrade to date, ZEC resumes its recent upward trend.
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Wu Blockchain
06-03 22:00
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Update: Zcash Foundation Releases Emergency Zebra Upgrade to Fix Critical Orchard Vulnerability
The Zcash Foundation has released Zebra versions 4.5.3 and 5.0.0 to fix a critical security vulnerability in the Orchard Actions circuitry. Zebra 4.5.3 temporarily disables Orchard Actions functionality through an emergency soft fork at block height 3,363,426 on the mainnet; while Zebra 5.0.0 activates the NU6.2 hard fork at block height 3,364,600 and re-enables Orchard using the fixed circuitry.
The Zcash Foundation states that the vulnerability was discovered before any known exploits and there is no evidence of unauthorized value creation. User privacy is unaffected, and Sapling and transparent transactions continue to function normally. Zebra node operators are strongly advised to upgrade to version 5.0.0.
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DeFi miner 🔶 BNB
06-03 19:54
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The Zcash network has been paused for four hours, but it doesn't seem to have had much impact on the price of $ZEC.