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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>
AAPL off-exchange short sale volume reported at 57.42%
CoinWorld US stock data: AAPL's off-exchange short selling volume accounted for 57.42% of the total that day. Compared with the same-caliber snapshot 7 days ago, it rose by 2.7944 percentage points.
Canadian Prime Minister Carney says Canada-U.S. trade talks have "warmed up slightly."
According to a report by Bijie Network, Canadian Prime Minister Carney revealed on October 26 that the progress of trade negotiations between Canada and the United States has improved slightly. U.S. President Trump also sent an optimistic signal in a recent interview, saying that a U.S.-Canada trade agreement may be reached before November 3, the date of the U.S. congressional midterm elections. Analysts believe that U.S. tariff policy has already backfired on multiple levels, including U.S. domestic politics and the economy, and that the Trump administration has had to return to the U.S.-Canada trade negotiating table in order to boost Republican electoral prospects before the midterm elections.
PSI used GPT and Claude to tackle quantum challenges, unveiling five research breakthroughs at once.
According to CoinWorld news, the AI physics laboratory Physical Superintelligence (PSI) announced that, with the help of models such as GPT-6 Astra and Claude, it has made new progress on five long-standing unresolved problems in quantum information. The researchers proved that in certain quantum fields, even if two regions are far apart, quantum entanglement still exists, but once the distance exceeds a certain range, nonlocal correlations can no longer be detected through the CHSH Bell inequality test. Another study proved that after a certain type of quantum operation is performed continuously enough times, entanglement will inevitably be destroyed. During the research process, physicists were responsible for guidance and verification, while models such as GPT and Claude participated in the derivations. The team also had AI agents in Codex and Claude Code write Lean formal proofs, with computers checking whether the reasoning held up. All five results publicly released their papers, proof code, and verification materials. However, these five results did not all completely solve the original problems; some conclusions apply only under specific conditions, and some questions remain unresolved.
trade.xyz launches Nifty 50 perpetual contracts with leverage up to 20x
According to CoinWorld data: trade.xyz has announced the launch of perpetual contracts linked to India's Nifty 50 stock index, allowing traders to trade with leverage of up to 20x. The contract will go live on October 27, and traders will be able to trade 24 hours a day, 7 days a week. The Nifty 50 is the benchmark stock index of the National Stock Exchange of India and comprises 50 leading companies. Unlike traditional index futures, perpetual contracts have no fixed expiry date, and traders can maintain their positions as long as the necessary margin requirements are met. The contract is priced based on the Nifty 50's Indian rupee index level, and profits and losses will be settled in USDC. This move allows traders to speculate on movements in India's benchmark stock index without holding Indian rupees or purchasing the underlying stocks.
Bitcoin whales withdrew 11,330 BTC from Binance, worth approximately $903 million.
CoinWorld data: OnchainLens reports that a Bitcoin whale, after 5 months of inactivity, withdrew 11,330 BTC from Binance, worth approximately $903 million at current prices.
Binance applies for a crypto license in Brazil
According to WatcherGuru, Binance has applied for a cryptocurrency license in Brazil.
Tencent Hunyuan open-sources AI simultaneous interpretation model: translates while listening with about 3-second latency, and can also clone the speaker's voice
Tencent Hunyuan has open-sourced its simultaneous interpretation model hy-simulmt, which supports bidirectional real-time translation between Chinese and English, translating while listening with a latency of about 3 seconds, and can also clone the speaker's voice. After integrating an additional TTS model, the model is able to broadcast in another language. The official deployment solution based on qwen3-tts is provided. In long-audio tests, a streaming translation latency of about 3 seconds was measured, and the translation quality surpassed all open-source models tested as well as 4 of 5 commercial APIs. The team also recruited 6 certified professional interpreters to conduct same-session tests on 18 recordings of real speeches, interviews, and the like; the model's translation quality reached the level of professional simultaneous interpretation, usually with lower latency. The model has about 30 billion total parameters, with about 3 billion activated per inference; the weights, inference, and training tools have all been released, and the Tencent HY Translation APP also.
Iran's Supreme Leader calls for conditions to be proposed that would satisfy ending the war.
According to BiJie Network, Iran's Supreme Leader called for proposing conditions to end the war.
BlackRock: Energy shock will leave long-term scars on Europe's economy
According to CoinWorld news, BlackRock strategists stated that the sharp rise in energy prices triggered by the conflict between the United States and Iran will have a lasting negative impact on the European economy, but may benefit energy infrastructure companies. The strategists pointed out that the buffer factors that absorbed the first round of energy shocks earlier this year are weakening, and Europe is particularly vulnerable to shocks. The rise in energy prices has left Europe's GDP 0.5% lower than it would have been without the energy price increase. They stated that infrastructure capable of withstanding future energy shocks will increasingly be favored by the market, thereby bringing more investment opportunities. In addition, after rising bond yields weighed on stock prices, U.S. and European utility stocks now also appear quite attractive.