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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>
Zcash Co-founder Sean Bowe Proposes Ending ZCG Funding Stream, Citing $125M Treasury
Zcash (ZEC) co-founder Sean Bowe proposed on Monday to end the 8% block reward share paid to Zcash Community Grants (ZCG), saying the program already holds over $125 million. Bowe filed the change as a draft Zcash Improvement Proposal (ZIP) that would send that reward share to the Network Sustainability Mechanism (NSM) until the stream’s scheduled end. That mechanism withholds the coins from issuance and starts paying them back out as block rewards in February 2031. Under the draft, ZCG would keep its existing treasury and could still approve grants from it. “The program was never designed to handle this amount of funding,” Bowe wrote on X. It’s time to turn off the ZCG funding stream. ZCG has over $125M in funding, and will receive millions more before the spigot is turned off. The program was never designed to handle this amount of funding. — Sean Bowe (@ebfull) <a href="https://x.com/ebfull/status/2114911107718742451?ref_src=twsrc%5Etfw" rel="nofollow" target="_blank">October 27, 2026</a> Bowe’s figure comes from a dashboard linked on ZCG’s website. It listed 91,453 ZEC and $8.8 million in cash at an October 21 block. Approved grants still unpaid came to $2.4 million. Bowe valued the coins at $1,300 each to reach $125.3 million. The same dashboard counts another 110,049 ZEC due to ZCG before the stream ends on November 24, 2028. According to the draft ZIP, at the dashboard’s price of $1,241.61, those coins are worth $136.6 million, more than the program holds now; and, according to a Financial Privacy Foundation report, ZCG spent $1.53 million in the first quarter of 2026 <span>against that intake</span>. The stream adds 144 ZEC a day, which Bowe put at $68.3 million a year at the same coin price. Bowe’s draft landed alongside other proposals on the Zcash forum. For instance, Maxime Desalle’s proposal would also send ZCG’s remaining treasury to the NSM. Desalle cited a February coinholder vote in which 98.6% opposed Zcash Shielded Assets. ZCG approved another $455,000 for Shielded Assets work in June, he said. Turnout was 7.25% of circulating ZEC, per the Zcash Foundation. In June, ZCG approved $455,000 for a QEDIT test network covering Shielded Assets and other deferred features, its minutes show. Josh Swihart, founder and CEO of Zcash Open Development Lab (ZODL), said: “It’d be a mistake to kill only one part of the dev fund.” He added the 12% Coinholder-Controlled Fund, which accrues about 216 ZEC a day, should end too. Swihart’s company is the one former Electric Coin Company staff <a href="https://cryptopotato.com/zcash-governance-crisis-forces-full-exit-of-electric-coin-company-staff/" rel="nofollow" target="_blank">formed</a> after a governance dispute. Responding to Swihart’s plan, Bowe wrote that he would also personally back a separate proposal to strip ZCG’s existing treasury. Ian Miers, one of Zcash’s founding scientists, objected to the NSM as the destination, stating that the reserve ultimately pays miners and could
Anthropic plans to partner with SpaceX on $120.5 billion in computing capacity.
CoinWorld news, Yahoo Finance reports that Anthropic plans to partner with SpaceX, investing $120.5 billion in computing power. If its first financial report as a public company is disappointing, it could lead to a pullback in SpaceX's stock price.
JetBlue shares rose 20%, marking their largest single-day gain since April 2025.
According to CoinWorld news, JetBlue (JBLU) shares rose 20%, marking the largest single-day gain since April 2025.
Broadcom reaches $63 billion AI chip financing deal with multiple financial institutions
According to CoinWorld news, on Tuesday, U.S. semiconductor stocks rose in early trading, with Broadcom (AVGO.US) up nearly 5%, AMD (AMD.US) up over 4%, and Intel (INTC.US) up over 3%. Broadcom announced that it has reached a $63 billion deal with Bank of America, Blackstone, Citigroup, and Morgan Stanley to provide financing for the AI startup Anthropic to purchase chips. The deal is seen by the market as an important endorsement of institutional capital's confidence in AI infrastructure investment.
Cailian Press, October 27 — Data shows that as of October 27, 2026, the assets under management of the Cyber Hornet S&P 500® Index Fund have exceeded $175 million.
According to a CoinWorld report, Caixin reported on October 27 that data shows that as of October 27, 2026, the assets under management of the Cyber Hornet S&P 500® Index Fund have exceeded US$175 million.
Yemen's Houthi armed group claimed to have attacked the Saudi Ministry of Defense in Riyadh; Saudi Arabia has not confirmed this.
CoinWorld news: Yemen's Houthi armed group claimed to have attacked the Saudi Ministry of Defense in Riyadh; Saudi Arabia has not confirmed this.
An ETH whale who has held for nearly four years deposited 3,084 ETH to Binance, expected to profit $928,000.
According to data from Bijie.com: A whale address 0xbf8…808d5 that had held ETH for nearly four years deposited 3,084 ETH, worth about $7.17 million, into Binance, in what appears to be a full liquidation. The address accumulated its position in batches from November 2022 to February 2026 and deposited the ETH into Lido for staking, with an estimated profit of about $928,000. The address's previous sell-off occurred between August and November 2025, when ETH was priced at $3,847 to $4,532.
A predict.fun user appears to have suffered a wallet hack, losing approximately $260,000.
CoinWorld data: Users of the prediction market platform predict.fun appear to have suffered wallet theft, with at least 19 wallets drained of approximately 105 ETH, worth about $260,000. On-chain investigator Naeven reported that the funds were moved through Ethereum to the cryptocurrency mixer Tornado Cash. Another user, Dethective, revealed that their wallet lost about $5,000 within an hour, raising concerns among other users. Naeven noted that the victims' funds were transferred between multiple addresses before ultimately converging into wallets identified as belonging to the thief. The investigator advised users who still have funds on predict.fun to move their assets as soon as possible.
Ripple and Robinhood announce strategic partnership to drive stablecoin adoption
Coin World news, according to WatcherGuru, Ripple and Robinhood have officially announced a strategic partnership aimed at expanding stablecoin adoption.