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More →Zcash co-founder calls to stop funding ‘over $125M’ grants program
Sean Bowe says ZCG has enough money to keep funding projects and wants its share of new ZEC redirected to a reserve for the network. Zcash co-founder Sean Bowe proposed ending the automatic funding stream to Zcash Community Grants (ZCG), saying its treasury was large enough to continue funding projects without further automatic payments. “ZCG has over $125M in funding, and will receive millions more before the spigot is turned off,” Bowe <a href="https://x.com/ebfull/status/2114911107718742451" rel="nofollow noopener" target="_blank">>said</a> Tuesday on X. “The program was never designed to handle this amount of funding.” Bowe shared a draft GitHub <a href="https://github.com/zcash/zips/blob/end-zcg-stream/zips/draft-bowe-end-zcg-stream.md" rel="nofollow noopener" target="_blank">>proposal</a> that would redirect ZCG’s 8% share of the Zcash (ZEC) block subsidy to the network’s sustainability reserve, while leaving its existing funds untouched. The allocation would flow to the Network Sustainability Mechanism until the current funding period ends in 2028. The mechanism is designed to hold ZEC out of circulation and gradually reissue it through future block rewards. In September, Haseeb Qureshi, managing partner at crypto venture capital firm Dragonfly, proposed ending the <a href="https://cointelegraph.com/news/dragonflys-qureshi-end-zcash-dev-fund-2028" target="_blank" rel="nofollow">Zcash developer fund</a> when its current funding period expires, saying that it risks being “politicized” as it approaches $100 million in value. ZCG’s dashboard <a href="https://zcashcommunitygrants.org/" rel="nofollow noopener" target="_blank">>listed</a> 91,453 ZEC and $8.8 million in cash as of Wednesday, with $2.4 million in outstanding grant commitments. The ZEC holdings alone were worth about $111 million at press time. The network’s separate development lockbox <a href="https://zecstats.org/shielded" rel="nofollow noopener" target="_blank">>held</a> 72,351 ZEC, worth roughly $89 million, according to ZecStats. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/prediction-markets-17b-robinhood-exceed-crypto-revenue-2028-bernstein" target="_blank" rel="nofollow"><em><strong>HOOD’s prediction markets to add $1.7B to revenue, exceed crypto by 2028: Bernstein</strong></em></a>
Brazil’s Stock Market Crashes After Lula’s Upset Victory
Brazil’s stock market lost more than $200 billion in value at the open on Monday after President Luiz Inácio Lula da Silva beat Senator Flávio Bolsonaro in Sunday’s runoff, a result that prediction markets had priced at roughly a one in five chance. The iShares MSCI Brazil ETF, ticker EWZ, a basket of Brazilian stocks that trades in New York like a single share, fell as much as 26% from Friday’s close of about $42.60, touching $31.40 before trimming the loss to about 23% at $32.84 by 10:38 a.m. ET. That is memecoin-sized volatility for a fund built around Brazil’s biggest companies, and it leaves EWZ roughly where it started 2026 after a 34% gain through Friday. The dollar rose as much as 12% against the real on Friday, while the Ibovespa, Brazil’s benchmark stock index, fell as much as 17% to about 170,000 points. For a dollar-based investor, those moves at their worst combine to a loss of about 26%, in line with the ETF’s low. B3, the São Paulo exchange, halted trading for 30 minutes after the Ibovespa fell 10% from Friday’s close, its first circuit breaker since the COVID-19 pandemic. A circuit breaker is an automatic pause meant to slow panic selling, but the index kept sliding after trading resumed. Investors had been positioning for the opposite result since Bolsonaro unexpectedly finished first in the Oct. 4 first round, with 47.03% of valid votes to Lula’s 45.16%. The Ibovespa jumped 7.85% the next day and EWZ gained more than 10% on bets that Bolsonaro would tighten public finances and open the way to lower interest rates. Monday’s drop erased that rally and, at its lows, left the Ibovespa about 11% below its Oct. 2 close. But Lula didn’t just beat Bolsonaro, he also beat prediction markets. Polymarket gave Bolsonaro an<a href="https://x.com/Polymarket/status/2114003200017575948" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">> 82% chance</a> of winning the day before the vote, and Kalshi had him near 80% on Sunday morning. Both platforms are<a href="https://decrypt.co/resources/what-are-decentralized-prediction-markets-myriad-polymarket-kalshi" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow"> prediction markets</a>, where a contract that pays $1 if a candidate wins trades at 80 cents when traders see an 80% chance. Polling pointed to a coin flip rather than a favorite, with the latest Datafolha survey tied at 50% each among valid votes and CNT/MDA showing Bolsonaro ahead 50.5% to 49.5% in mid-October. Lula won 51.79% to 48.21%, a margin of about 4.4 million votes, according to Brazil’s Superior Electoral Court. Bolsonaro said on Sunday night that he does not recognize the result and will ask the courts to annul the election, after pledging in August to respect the outcome. He objected to Supreme Court Justice Cristiano Zanin’s decision to extend voting until 7 p.m. at the request of Lula’s campaign, which he said changed the rules midgame. His own campaign had separately asked for extr
SlowMist report: udesk customer service system hit by malicious code injection
According to a report from Bijie, blockchain security firm SlowMist has discovered in its security monitoring that scripts related to the udesk customer service system have been injected with malicious code. Attackers load a remote malicious script, deeps.js, through tampered JavaScript files, which may lead to the leakage of account credentials or session hijacking. In addition, the malicious script sets recharge address replacement rules for specific websites, capable of modifying the displayed receiving addresses for crypto assets such as BTC and ETH, and hijacking copy buttons and clipboard contents, potentially causing users to transfer funds to addresses controlled by the attackers. SlowMist pointed out that data collection is not limited to specific websites, while address replacement only takes effect on specific pages.
Russian Deputy Prime Minister Novak: The fourth tanker loaded with Russian diesel will depart on October 28.
According to CoinWorld news, Russian Deputy Prime Minister Novak stated that the fourth tanker loaded with Russian diesel will depart on October 28, and three other tankers are currently en route.
MSTR stock price fell 3.09%, and the strategy paused Bitcoin purchases.
CoinWorld data: MSTR's stock price fell 3.09% on October 26, closing at $141.50, down $4.51 from the previous trading day's $146.01. The company reported in its weekly update that it made no Bitcoin purchases or sales. According to CoinWorld data: Bitcoin traded at $80,262.34 over the past 24 hours, a decline of 0.6%. Over the past 7 days, Bitcoin fell 2.1%, while over the past 30 days it fell 4.6%. Meanwhile, MicroStrategy did not conduct any Bitcoin transactions between October 19 and 25, but instead repurchased 2.07 million shares of STRC preferred stock, amounting to approximately $204.9 million.
黑石将4.52万枚ETH转入Coinbase Prime
CoinWorld data: BlackRock transferred 45,240 ETH (approximately $104 million) from its ETFA and ETHB ETF wallets to Coinbase Prime, involving address 0xc8c5…5b95.
The total market capitalization of the crypto market stands at $2.68 trillion.
CoinWorld data: The total market capitalization of the crypto market is $2.68 trillion, with a trading volume of $66.271 billion over the past 24 hours.
Deepseek AI models show security vulnerabilities in independent testing.
Coin World news, Reuters reports that the Deepseek AI model showed security vulnerabilities in independent testing.
Zelensky: I have already spoken with the leaders of Finland and Norway and am preparing for a trilateral meeting between the United States, Russia, and Ukraine in November.
According to CoinWorld news, Ukrainian President Zelensky stated that he has spoken with Finnish President Stubb and Norwegian Prime Minister Støre, and is preparing for a trilateral meeting between the United States, Russia, and Ukraine to be held in November. Zelensky thanked the Finnish and Norwegian leaders for their detailed briefings and said they actively support Ukraine's diplomatic efforts and peace process. The Finnish and Norwegian leaders told Russian President Putin that attacks against Ukraine's energy and infrastructure need to be de-escalated. In addition, Zelensky also mentioned various forms of cooperation with European partners to further support diplomatic work, strengthen national defense, and safeguard common security.
BlackRock sells $104 million worth of Ethereum
According to Biji Network data: BlackRock transferred 45,240 Ethereum (approximately $104.76 million) from its Ethereum ETF wallet to Coinbase Prime, with the transaction address being 0xc8c557506a5240dcec094e614c665ff9ca815b95.