Odaily Report: The Zcash community will vote from November 16 to 30 on a proposal to remove 50,000 ZEC from the community grants treasury, accounting for approximately 55% of the treasury's 91,453 ZEC. If the proposal passes and is activated in a network upgrade, ZCG will need to move these tokens out of circulation within 30 days, and their value will be counted toward the network sustainability mechanism reserve. The proposal also plans to stop ZCG's current 8% share of new ZEC issuance, which will instead accumulate into a new future development and legal defense fund until the next halving; the new fund will initially be unable to spend, and a separate proposal will be needed to clarify the withdrawal mechanism. ZCG will retain the remaining treasury and continue issuing grants, while the 12% fund controlled by token holders remains unchanged.

Odaily reports that, according to Onchain Lens monitoring, a certain whale has cumulatively bought and withdrawn 678.4 ZEC from Binance, worth approximately $667,800.

Odaily Report: According to SoSoValue data, the crypto market overall shows a volatile downward trend, with the Meme sector down 3.77% over 24 hours. Within the sector, Pepe (PEPE) fell 16.97%, while Useless Coin (USELESS) and Bonk (BONK) dropped 7.86% and 4.90% respectively.In other sectors, the CeFi sector declined 0.25%, but Cronos (CRO) rose 3.60%; the Layer1 sector fell 0.88%, with NEAR Protocol (NEAR) down 1.99%; the PayFi sector dropped 1.17%, with Zcash (ZEC) down 3.38%; the DeFi sector declined 2.43%, with Uniswap (UNI) down 9.41%; the Layer2 sector fell 2.95%, with Arbitrum (ARB) down 8.63%.Additionally, only the SocialFi sector remained relatively resilient, rising 4.50% over 24 hours. Within the sector, Gram (GRAM) gained 5.56%.Crypto sector indices reflecting historical sector performance show that the ssiSocialFi, ssiMeme, and ssiRWA indices rose 4.74%, fell 4.23%, and fell 3.91% respectively.

1. MSCI may remove Strategy from its index, potentially triggering up to $2.8 billion in selling from passive funds;2. Fidelity increased its stake in Strive by 2.35 million shares, bringing total holdings to $265.3 million;3. Trump remains interested in purchasing Bitcoin for a strategic reserve, though open-market purchases face legal obstacles;4. Stablecoin regulatory frameworks remain to be improved, with the FSB urging Turkey to further enhance crypto asset regulation;5. Economist: The market has exaggerated the risk of the Fed raising rates by 50 basis points in December;6. Analysis: Memory prices are brewing another round of increases, mainly concentrated in DRAM contract pricing and enterprise-grade SSDs;7. AI investment enthusiasm rebounds, CoreWeave's optimistic outlook boosts European tech stocks;8. The Treasury is discussing multiple pathways for Bitcoin purchases, with a second round of audits planned for government agency holdings;9. Abraxas Capital's two addresses hold ZEC short positions, with total unrealized gains of $118 million;10. Anthropic is expected to issue $3 billion to $3.5 billion in shares to Japanese investors in its IPO.

Odaily reports: According to monitoring by on-chain analyst Yu Jin, as ZEC's price dropped sharply today and fell below $1,000, the two addresses held by Abraxas Capital on Hyperliquid with ZEC short positions—Abraxas Capital-related address (0xb83...6e36) and Abraxas Capital-related address (0x5b5...8c060)—have unrealized profits of $34.98 million from their ZEC positions alone. The total unrealized profit on the two addresses' current open positions is $118 million.

According to Lookonchain monitoring, ZEC has fallen below $1,000. Trader 0x8742 (0x8742...c8427) is shorting 18,000 ZEC with 10x leverage, with a notional value of $17.63 million. The position is currently at a loss of over $2.8 million, with a liquidation price of $895.46.

According to OKX market data, ZEC has fallen below 1,000 USDT and is now trading at 982 USDT, down 14.48% in 24H.

Odaily reports: On November 11, according to SoSoValue data, the crypto market sectors overall trended downward. The PayFi sector fell 4.86% in 24 hours, with Zcash (ZEC) down 12.42%, Dash (DASH) down 6.37%, and XRP (XRP) down 3.76%. Bitcoin (BTC) fell 1.66%, dropping below $74,000; Ethereum (ETH) fell 3.09%, dropping below $2,100.In other sectors, the Layer2 sector fell 2.29% in 24 hours, with Mantle (MNT) down 5.26%; the DeFi sector fell 2.25%, with Aave (AAVE) down 5.77% and Lighter (LIT) up 10.41%; the Layer1 sector fell 2.02%, with Solana (SOL) down 3.53%; the CeFi sector fell 1.18%, with NEXO (NEXO) down 2.34%.The SocialFi sector rose 6.91% in 24 hours, with Gram (GRAM) up 7.768%; the Meme sector rose 0.14%, with Pepe (PEPE) up 7.21%. Crypto sector indices reflecting historical sector performance show that the ssiSocialFi, ssiDePIN, and ssiGameFi indices rose 7.70%, 0.79%, and 0.06%, respectively.

Odaily: Zcash developers have proposed in the draft for Network Upgrade 7.1 to reduce the target block interval from 25 seconds to 20 seconds in order to lower transaction confirmation latency; this adjustment will not change the daily issuance schedule or the 21 million ZEC supply cap.The draft also proposes reducing the limit on certain shielded transaction actions from 330 per block to 264, while the maximum block size will remain at 2 MB. The proposal is currently open for community discussion, and implementation is still pending community review and governance voting. (Bitcoin.com News)

Odaily reports that on November 10, WEEX, the crypto exchange, announced the launch of its Double 11 Shopping Festival campaign for new users, offering more rewards for more trading, with subsidies of up to 888 USDT. During the campaign period, new users who make a net deposit of ≥ 100 U and choose any of XRP/TRX/ZEC/AVAX/ONDO for their first spot trade (no trading volume requirement) will receive a 10 USDT reward; after completing Task 1, users who accumulate a BTC spot trading volume of ≥ 1,000 U can unlock a subsidy of 8-888 USDT; those who activate Auto-Earn for the first time will immediately receive a 1,000 USDT interest rate boost voucher.