Layer1 (L1) Crypto Assets Cronos (CRO) and Zcash (ZEC), as well as the meme coin Floki (FLOKI), all recorded double-digit pump, as of Wednesday (July 9), the 24-hour pump exceeded the market. However, as these Crypto Assets encountered key resistance, the upward momentum began to weaken, and the difficulty of continuing the upward trend started to emerge. As the Crypto Assets reach a crossroads, the technical outlook presents mixed signals.

Odaily Planet Daily News Interchain Foundation (ICF) announced that interim chairman Fernando Pedone has resigned, and Josh Cincinnati, former founding executive director of the Zcash Foundation, has been elected as the new chairman of the Interchain Foundation, with Ethan Buchman continuing as vice chairman, Maxime Monod

According to Gate.io News bot, Cointelegraph reports that the EU has officially passed the Anti-Money Laundering Regulation (AMLR). The regulation states that from July 1, 2027, all financial institutions are prohibited from providing anonymous encryption accounts or wallets with crypto service providers. At the same time, the regulation comprehensively bans trading activities of privacy coins such as Monero, Zcash, and Dash. The new regulations also clearly state that mandatory identity verification is required for cryptocurrency transactions exceeding 1,000 euros. In addition, the EU will establish a new regulatory body, AMLA, which will be directly responsible for overseeing large cryptocurrency platforms.

Gate News bot message, Placeholder partner Chris Burniske posted on social media: "If you've been following XMR and ZEC, you might have noticed that private money has been in constant demand."

The Cryptocurrency industry classification framework has been released, dividing the digital asset market into five zones: Currency, Smart Contract platforms, Financial, Consumer Culture, and Infrastructure Services. Despite the significant increase in BTC, different categories show a differentiated trend. Currency assets include BTC, XRP, and Zcash. Smart Contract platforms include Ethereum, Solana, and Polygon. Financial category includes Maker, Uniswap, and AAVE. Consumer Culture zone includes ApeCoin, Decentraland, and Sandbox. Infrastructure Services include Chainlink, FIL, and Lido DAO.

Zcash founder Zooko Wilcox is seeking to accelerate the upgrade of the protocol from PoW to a hybrid PoS system in order to drop the price. The upgrade plan includes deploying a sustainable development fund and upgrading to a hybrid PoW and PoS protocol. After the upgrade, ZEC holders can stake and provide finality to protect users from rollback attacks, reduce transaction times, and allow for more secure bidirectional bridging to other networks.

Altcoins are experiencing a general uptrend, with KAIA, HBAR, LINK, SAND, and ZEC prices all rising by over 20%, with KAIA showing the highest increase of 48.19%.

ECC announced the activation of the NU6 network upgrade at block height 2726400 around November 23, 2024, deploying a new Zcash development fund and a lockbox, with a portion of the issuance earmarked for future decentralized grants funding, managed by a mechanism determined by the future community. As part of this upgrade, some teams are deploying or have already updated ZIP 207, 214, 236, 253, 1015, and 2001.

Golden Finance reported that the market showed ZEC breaking through $35, now priced at $35.33, with a 24-hour increase of 19.7%. The market has experienced significant Fluctuation, so please manage the risks.

Odaily Planet Daily News According to the privacy project Electric Coin, the Zcash community will launch a 1-year development fund voting on X platform in November. Under the new model, 8% of the Block Reward will continue to be donated to the Zcash Community Grant (ZCG) to fund independent teams and individuals working on Zcash-related projects.

Odaily Planet Daily News, Barry Silbert, founder and CEO of Digital Money Group (DCG), the parent company of Grayscale, wrote on X platform that the Zcash (ZEC) Halving is in countdown, and there are about 50 days left from the Halving.