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The Zcash community has proposed the NU8 upgrade plan, with plans to raise the block size limit to 8MB by the end of next January.

4 days ago

Zcash community member ValarDragon has posted on the official community forum a series of proposals for the NU8 network upgrade, suggesting a target completion date of the end of January 2027. Key proposals include launching the Tachyon shielded pool, expanding transaction formats, increasing the maximum block size from 2MB to 8MB, and adding transparent transaction opcodes supporting post-quantum cryptography. Additional proposals include adjusting the NSM redistribution date to align with Zcash’s seventh halving, setting a protocol-level date for Sapling to stop accepting new deposits while retaining support for transactions and withdrawals, and eliminating the Consensus Branch ID that requires updates for every network upgrade to reduce wallet compatibility issues. ValarDragon noted that combining Tachyon with larger block capacity is expected to deliver around 200 TPS in shielded transaction throughput. Additionally, the post-quantum transparent transaction feature will introduce SPHINCS-based 128-bit and 192-bit security level schemes. The above proposals are currently conceptualized by community members; their actual implementation will depend on development progress and subsequent discussions and votes on NU8.

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BNB drops below $600, with a 24-hour decline of 4.9%

According to HTX market data, BNB has fallen below $600, with a 4.9% decline in the past 24 hours.

9 minutes ago

Bitcoin fell below $66,000 to hit a new low in the current correction cycle, with a near 25% phase decline, and the total cryptocurrency market capitalization evaporated over $680 billion during the same period.

According to HTX market data, Bitcoin has fallen below $66,000, hitting a new low for this round of correction. It has dropped nearly 25% from its September 21 phase high of $87,395. Meanwhile, Ethereum also declined to $1,845, down nearly 35% from its September 21 phase high of $2,807. The total market capitalization of cryptocurrencies currently stands at $2.354 trillion, down 3.3% over the past 24 hours, and has erased 23% from its September 22 phase high of $3.04 trillion. Notably, altcoins have seen relatively smaller corrections compared to top cryptocurrencies by market cap.

9 minutes ago

Kava: Axelar cross-chain bridge has been suspended.

Kava released an official announcement noting that the Axelar cross-chain bridge has been suspended out of extreme caution, and a full incident report will be shared as soon as it is ready. Earlier, Kava clarified that the abnormal cross-chain token sell-off was not caused by infinite minting, and the affected assets have been isolated in Kava Lend. KAVA dropped more than 40% within an hour today, amid suspected on-chain security issues.

9 minutes ago

A crypto whale transferred Bitcoin out of Binance and amassed over $115 million worth of Bitcoin.

According to monitoring from OnchainLens, a crypto whale has just withdrawn 441 BTC from Binance once more, valued at roughly $29.31 million. Over the past five months, the wallet has received around 2,943 BTC from Binance-linked wallets, transferred out approximately 1,208 BTC, and currently holds 1,735 BTC worth about $115.25 million.

9 minutes ago

Bitcoin falls below $66,000, with a 3.4% drop over 24 hours.

According to HTX market data, Bitcoin has fallen below $66,000, with a 3.4% decline in the past 24 hours.

9 minutes ago

A Hyperliquid trader has secured gains from three consecutive short positions, netting $2.19 million by shorting PONS.

According to OnchainLens monitoring, a Hyperliquid trader has secured three consecutive profitable short positions: earning $652,100 by shorting ZEC, $36,500 by shorting UNI, and $2.19 million by shorting PONS. The trader currently holds a ZEC short position worth $2.58 million, with an additional $1.21 million in unrealized profit.

9 minutes ago

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