ZEC rose about 12% as developers merged the NU7 mainnet activation height. The upgrade targets Nov 6 UTC, but Zebra's stable release is still waiting on fixes.
The date for Zcash's next major network upgrade has been set by its developers. Network Upgrade 7 or NU7 for short will activate at block 3,543,405, which is set to land around November 5.
The change targets block 3,543,405 and ends support for version 4 transactions, the only format Sprout uses.
Zcash is trading near $1,300 on Thursday after three consecutive days of recovery, preserving roughly 15% in weekly gains. The privacy coin is trading around $1,287 at the time of this report as stronger ETF inflows and rising futures exposure accompanied the rebound. Grayscale's Zcash-focused exchange-traded fund recorded $15.18 million in net inflows on Wednesday, according to SoSoValue data. That was a substantial increase from Tuesday's $1.61 million. The latest daily inflow marked the strongest reading in approximately a month, following three consecutive weeks of net withdrawals. The reversal suggests improving demand through the fund. However, two positive sessions do not yet establish that the longer-running outflow trend has ended. Zcash price: Futures Open Interest climbs to $2.
The upgrade would shorten target block spacing from 75 seconds to 25 and make Sprout balances left at activation unspendable under the new rules.
ZEC, NEAR, XRP and SOL spot ETFs attracted net inflows on October 21. ZEC led with $15.18 million, while nine other asset categories recorded no net flows.
A Wednesday snapshot showed ZEC up 10.08% to $1,261 at 12:05 a.m. ET (04:05 UTC), when it ranked No.
ZEC was up 6.64% over 24 hours. One-hour liquidations across Binance, Bybit and OKX totaled $1.24 million on shorts and $170,000 on longs.
He put the comparison at 25% for the next cycle.
Developers have agreed on block 3,543,405 as the NU7 activation height, according to Cointelegraph, but the Zcash upgrade page still lists it as not set on October 21. Our count shows all six NU7 ZIPs carry the status Draft, while ZEC trades at $1,277 and 12.7 percent above its daily low.
The proposed activation height is 3,543,405. NU7 would also disable version 4 transactions, making funds remaining in Sprout unspendable.
Short liquidations totaled $330,000 across three exchanges during the hour, compared with $40,000 in long liquidations.