According to HTX market data, ZEC climbed more than 29% in the past 24 hours to $735.47, lifting its market value to $12.46 billion and bringing it close to its previous $750 all-time high. On June 5, Zcash founder Zooko Wilcox, together with Jason McGee and Taylor Hornby, disclosed a critical soundness bug in Orchard, the project’s latest privacy layer. On Aug. 20, Grayscale filed a fourth amended version of its proposal to convert Zcash Trust into an ETF, with plans to rename the fund and list it on the NYSE under the ticker ZCSH. The filing said DCG International Investments Ltd., a unit of Digital Currency Group, is discussing a possible injection of about 200,000 ZEC into the fund.
BlockBeats reported on Aug. 22 that ZEC rose more than 29% in the past 24 hours, according to HTX market data, trading at $735.47. The token was close to its previous all-time high of $750, and its market capitalization climbed to $12.46 billion.
On June 5, Zcash founder Zooko Wilcox, along with Jason McGee and Taylor Hornby, published a long post saying Orchard, the project’s newest privacy layer, had a critical soundness bug that could be used in a hidden environment to create unlimited fake ZEC.
The Zcash ecosystem later completed an emergency network upgrade to fix the issue. After the impact details were disclosed, ZEC saw sharp price swings and briefly flashed down to $250.12.
On Aug. 20, Grayscale submitted its fourth amended filing to convert the Zcash Trust into an ETF. The filing said the fund would be renamed and listed on the New York Stock Exchange under the ticker ZCSH.
The filing also said DCG International Investments Ltd., a subsidiary of Digital Currency Group (DCG), is discussing a plan to inject about 200,000 ZEC into the fund.
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