$ZEC-USD

On November 5, several altcoin ETFs saw significant withdrawals, with Grayscale's Zcash ETF (ZCSH) losing $11M, reversing prior gains. Hyperliquid, Solana, Avalanche, and NEAR funds also experienced outflows, totaling $16.8M. Hedera's ETF was the exception, gaining $278K. The selloff occurred amid broader crypto market pressure, though ETF outflows don't always directly impact underlying token prices.

Zcash (ZEC) resisted a broader crypto market selloff during a network upgrade, reducing block times and introducing new features. The upgrade may support long-term funding. Macro factors, including US fiscal policy and US-Iran relations, could impact risk sentiment and Zcash's performance. Technical analysis suggests key resistance at 1,380 and support at 1,031.

Zcash's NU7 upgrade reduced block times to 25 seconds. ZEC price fell 3.48% to $1,276.66. Analysts predict a potential retest of $1,350 if it closes above $1,300. Derivatives volume surged 35.18% while open interest dropped 8.47%. The upgrade also introduced new limits on shielded transactions and retired the Sprout privacy pool.

Zcash's NU7 upgrade went live, reducing block time from 75 to 25 seconds and activating the Network Sustainability Mechanism, which removes 60% of transaction fees from circulation. The upgrade preserves the 21 million ZEC supply cap and triples blocks between halvings. ZEC price fell 5.17% to $1,254.7 amid broader crypto market decline.

Zcash activated the NU7 upgrade, reducing block time to 25 seconds and tripling confirmation speed. The upgrade improves transaction processing and stability, with changes to fee structure and privacy features. About 12,224 ZEC became unusable due to the end of the Sprout privacy pool.

Zcash activated its NU7 upgrade on the mainnet on November 6th. The cryptocurrency offers privacy-focused transactions using zero-knowledge proof protocols, distinguishing it from public ledger systems like Bitcoin. According to the company, Zcash provides selective transparency for transactions.

Hyperliquid (HYPE) fell 8% after its subsidiary sought US regulatory approval for perpetual futures markets. Bitcoin (BTC) traded at $76,157, below key moving averages. Zcash (ZEC) held above $1,300 ahead of its NU7 upgrade, defying broader market sell-offs.

Zcash activated its NU7 upgrade, reducing block time from 75 to 25 seconds, potentially doubling private payment capacity. The upgrade redirects 60% of fees for future mining rewards and retires the Sprout privacy pool, making 12,224 ZEC unspendable. Faster confirmations could enhance usability in transactions.

Zcash (ZEC) spot ETFs saw $3.43 million in net inflows on Nov. 4, all from Zcash ETF (ZCSH). This followed a $3.58 million outflow on Nov. 3, also solely from ZCSH. Total net assets for ZEC spot ETFs are $757 million, with cumulative net inflows at $218 million.

A draft proposal by Sean Bowe, Zooko Wilcox, and Jason McGee suggests transferring 50,000 ZEC to a reserve for future miner rewards, 13,800 ZEC more than a withdrawn plan by Zcash Community Grants. The proposal would redirect the 8% Zcash block rewards from ZCG to a Future Dev and Legal Defense Fund.