Odaily reports: On-chain detective ZachXBT issued a community alert based on his personal assessment, stating that an EU entity was suspected of being attacked on November 1, with multiple centralized exchange accounts compromised and losses exceeding $106 million. The attackers withdrew the stolen funds in the form of USDC and USDT.According to monitoring, over the past 24 hours, the attackers have continued to convert USDC into ETH and transfer it to instant exchange platforms such as WellWallet and Kyrrex, then convert the funds into Monero (XMR) through Wagyu, while also using cross-chain bridges to move funds across multiple blockchain networks. ZachXBT has published 11 addresses involved in the incident and reminded the community to monitor the relevant fund flows.

Odaily report: As the privacy coin Zcash (ZEC) surged by as much as approximately 3000% during the year, early Bitcoin investor and Gemini co-founder Cameron and Tyler Winklevoss, along with Digital Currency Group (DCG) founder Barry Silbert, are ramping up their positions in the Zcash ecosystem, with the competition centered on mining infrastructure and investment products. Cypherpunk Technologies, backed by the Winklevoss brothers, and Fortitude Mining, backed by Silbert, have become major miners on the Zcash network, with both sides planning to invest tens of millions of dollars to expand their hash power. Cypherpunk currently accounts for approximately 20% of the network's total hash power, while Fortitude is expected to reach 20% once its latest equipment deployment is completed.On the investment products side, DCG's Grayscale launched the first U.S. Zcash ETF in August, while the Winklevoss brothers filed for their own Zcash ETF this month. Zcash has recently regained market attention, partly because artificial intelligence technology has enhanced the ability to track public blockchain transactions, driving up demand for financial privacy among crypto investors. A U.S. ruling in March 2025 also alleviated some regulatory concerns about privacy coins. Cameron Winklevoss stated that Zcash gives investors the opportunity to relive the experience of investing in Bitcoin early on. The two parties previously had a public dispute over the collapse of the Gemini Earn project, and now they are competing once again in the Zcash ecosystem. (Bloomberg)

Odaily report: Privacy coin project Pirate Chain has released a mandatory update v6.0.14, requiring all nodes, mining pools, and exchanges to discontinue the old version and upgrade immediately. On October 14, attackers exploited two validation vulnerabilities to mint approximately 39.82 million counterfeit ARRR in the transparent coinbase pool, temporarily increasing the supply by about 20%. Both vulnerabilities have now been fixed. Following consensus among the community, mining pools, exchanges, and dPoW notary nodes, the blockchain has been rolled back to block 4,176,944 from before the attack, all counterfeit tokens have been removed, balances have been restored to their pre-attack state, and the maximum supply remains at 200 million. The new version will automatically reindex the entire chain upon first launch, and a full technical post-mortem report will be published afterward.

Odaily: Bonk Guy posted on X stating that Bitcoin has risen about 3% since yesterday, while ZEC, which focuses on privacy features, has surged 16% over the same period, adding over $3 billion in market capitalization, as the privacy sector becomes a market focal point. He noted that MASK currently has a market capitalization of only about $26 million, yet it is the highest-revenue privacy coin protocol, with protocol trading volume and fees continuing to hit all-time highs, and its Solana version expected to launch within days, which is poised to further boost usage, trading volume, and fee revenue. According to DeFiLlama data, MASK's revenue exceeds the combined revenue of the next 10 privacy protocols. Bonk Guy believes that MASK combines a real product, genuine user demand, growing adoption, and potential catalysts, and remains severely undervalued by the market.

Odaily News: Crypto mining company Fortitude has secured priority allocation for Bitmain's next-generation Zcash miners, with both parties reaching a non-binding commitment for a potential purchase amount of up to $100 million. Under the agreement, the relevant miners are expected to begin delivery in the second quarter of 2027, with the specific timeline still subject to final product specifications and pricing arrangements. It is reported that this collaboration will help Fortitude establish an early position in next-generation Zcash mining equipment and further expand its infrastructure capabilities in the privacy coin mining sector. (The Block)

Odaily reports: Gemini co-founder Tyler Winklevoss said the current market hype around privacy coin Zcash is reminiscent of the 2019 crypto market, when Bitcoin had just emerged from the 2018 bear market and market attention shifted toward institutional infrastructure and custody.Zcash launched in 2016 and uses zero-knowledge proofs to enable private transactions. It has long faced regulatory scrutiny, and some exchanges have delisted it. According to CoinGecko data, the price of ZEC rose from about $511 in January 2026 to $1,335.51 on September 16. Since receiving approval from New York State in 2018, Gemini has become the first licensed exchange to offer Zcash trading and custody services.

Odaily News: After Vitalik Buterin released his open-source novel "Snowmoon," a same-name concept token $ZC (Zipcoin) appeared on-chain. GMGN data shows that $ZC's market cap briefly touched $20.89 million before falling back to approximately $14.34 million, with intraday gains at one point exceeding 41x; separate on-chain observations noted its market cap surpassed $15 million on the 29th.Some traders created separate tokens such as $SNOWMOON, $ZC, and $EMERALD based on elements from the novel including the book title, currency, and AI assistant, sparking a rapid round of speculation around the text's worldbuilding.After $ZC launched on STOCKER, it drove $STOCKER up approximately 10x at one point, with related observations noting its market cap at around $15 million, while $STOCKER was approximately $7 million.Around the "Snowmoon" narrative, some have further speculated that Vitalik was "disguising" a privacy coin whitepaper within the novel

Odaily News: Over the past five months, the market cap of the privacy coin sector grew from $11.97 billion to $36.51 billion, an increase of $24.54 billion, or approximately 205%. Among them, Zcash (ZEC) market cap increased by $20.27 billion, while Monero (XMR) increased by $4.33 billion.In January, the U.S. Securities and Exchange Commission (SEC) concluded its investigation into the Zcash Foundation without recommending enforcement action. On August 25, digital asset management company Grayscale converted Zcash Trust into the ZCSH spot ETF and listed it on NYSE Arca, making it the first listed privacy coin spot ETF in the United States.On September 8, Digital Currency Group (DCG) exchanged ZEC for approximately $100 million worth of ZCSH ETF shares. During the same period, the price of ZEC rose from $319 to $1,507, while XMR rose from $330 to $555. (Bitcoin.com News)

Odaily News: European asset management company 21shares has launched physically-backed Zcash ETP and Ether.fi ETP on Euronext Paris and Amsterdam markets, tracking ZEC and ETHFI respectively. Investors can gain exposure through brokerage accounts without directly holding the tokens.ETHFI is the governance and utility token of the decentralized finance protocol Ether.fi. Both ETPs carry an annual management fee of 2.5%. (Cointelegraph)

Odaily星球日报讯 中国最高人民检察院机关报《检察日报》理论版刊发文章，提出加密货币洗钱起诉框架，建议法院在嫌疑人使用混币器、隐私币且未提供合理反证时推定其存在犯罪意图，并将可验证链上记录和区块链分析公司报告作为证据。文章还建议建立国家级平台，通过定向拍卖等合规渠道托管和处置被查扣加密货币。该文由湖南省两名基层检察官和一名高校法学教授撰写，不具备法律效力。文章称，中国检方 2024 年起诉了 3000 余名涉加密货币洗钱人员。Chainalysis 数据显示，中文洗钱网络 2025 年处理约 160 亿美元资金，目前约占全球加密货币洗钱总量的五分之一。（Decrypt）。