Zcash activates Ironwood upgrade, retiring vulnerable Orchard pool, introducing new accounting rules, and enhancing privacy/security, following a critical vulnerability that sparked a 38% market rout.
China's State Council has approved the "15th Five-Year Plan" for urban renewal, detailing plans to construct and renovate approximately 770,000 kilometers of underground utility networks. This initiative, requiring an investment of around 5 trillion yuan, is expected to stimulate GDP growth of 7.5 to 10 trillion yuan and create about 2.8 million jobs annually, significantly enhancing urban safety and resilience.
Zcash (ZEC) experienced a brief market scare due to a rumor of a chain halt, but it was actually a planned shutdown of its privacy system for a major network upgrade. The issue was a soundness vulnerability in the Orchard shielded pool, which was fixed via a hard fork. Despite broader crypto market declines, ZEC rallied, signaling market confidence in the network's resilience.
NEAR Protocol's price surged 34% to $2.32, leading AI crypto tokens in a rally. Network upgrades focused on AI, privacy, and scaling, coupled with NVIDIA's strong revenue forecast, boosted investor confidence and trading volume.
