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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>
According to TASS: Russian President Putin, Norwegian Prime Minister Støre, and Finnish President Stubb discussed the Ukraine issue, and the three sides agreed to maintain contact.
According to TASS: Russian President Putin, Norwegian Prime Minister Støre, and Finnish President Stubb discussed the Ukraine issue, and the three sides agreed to maintain contact.
Zcash co-founder proposes ending ZCG funding stream
According to CoinWorld news, Zcash co-founder Sean Bowe has proposed ending the automatic funding stream of the Zcash Community Grants (ZCG), stating that its treasury is sufficient to continue funding projects without further automatic payments. He said that ZCG currently holds more than $125 million in funds and will receive several million dollars more before the funding stream stops. Bowe shared a draft proposal to redirect ZCG's 8% share of the Zcash (ZEC) block subsidy to the network's sustainability reserve, with existing funds remaining unchanged. The allocation would flow to the network sustainability mechanism until the current funding period ends in 2028.
Fed Chair Warsh wants to stop signaling policy moves in advance.
CoinWorld news: Federal Reserve Chair Warsh wants to stop disclosing future policy moves in advance, but several colleagues believe the Fed has a responsibility to explain to the public how it will respond to economic changes. Warsh has consistently sought to reduce public statements, but most of his colleagues have not followed suit. According to a Wall Street Journal tally, from the end of the September monetary policy meeting to the quiet period before this week's meeting, at least 16 Fed officials who have served for more than a year delivered no fewer than 59 speeches, interviews, or other public statements. That figure is roughly on par with about 54 during the same period last year. Right now, the U.S. economy is being affected simultaneously by the energy shock triggered by the Middle East war and by the investment boom related to artificial intelligence. Fed officials are not sure which force they should adjust monetary policy in response to, nor how large the policy adjustment should be.
BTC liquidations over the past 24 hours totaled $24.2356 million.
According to data from Bijie.com, the liquidation amount for BTC over the past 24 hours was approximately 24.2356 million USD, with 2,199 liquidation orders recorded. Compared with the same-caliber snapshot 24 hours earlier, this is down 10%; compared with the same-caliber snapshot 7 days earlier, it is down 38.06%.
The long-short account ratio for SOL perpetual contracts is 3.08.
CoinWorld data: The SOLUSDT 4-hour long-short account ratio is 3.08, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.1447; compared with the same-caliber snapshot 7 days ago, it rose by 0.6831.
UPS expects full-year revenue of $92.6 billion, exceeding market expectations.
According to CoinWorld news, United Parcel Service (UPS) expects full-year revenue of approximately $92.6 billion, compared with its previous forecast of approximately $91.2 billion and the market expectation of $91.79 billion.
Cloudflare AI user isolation failure: GPU cache shortage still answers normally, 155 responses leak other customers' content
Coin World News: Cloudflare has disclosed an AI data leak incident. The GLM-5.3 model on its Workers AI platform had a user isolation vulnerability, causing 155 responses to be mixed with content previously submitted by other customers. The problem lay in GPU cache management: Cloudflare gave the model a context window of about 1.05 million tokens, but the GPU cache responsible for processing input could only hold about 680,000 tokens. Oversized requests should have directly returned an error, but the underlying inference engine SGLang incorrectly continued execution, allowing the model to read cache remnants left by other users. Cloudflare fixed the actual leak incident on September 9, confirmed that other Workers AI models were not affected by the issue, and found no evidence of malicious exploitation.
The long-short account ratio for ETH contracts is 3.43.
CoinWorld data: The ETHUSDT 4-hour long-short account ratio is 3.43, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0942; compared with the same-caliber snapshot 7 days ago, it rose by 0.4262.
ETH跌破2300 USDT，24小时跌幅1.43%
CoinWorld data: OKX market data shows ETH is currently at 2299.46 USDT, down 1.43% over the past 24 hours.