Why Zcash (ZEC) Network Looked Offline for Hours – But Wasn’t
Helius CEO Mert Mumtaz dismissed outage rumors and clarified that the Zcash network was fully functional.
Federal News Network AI·
Once an adversary gets inside the network, the problem is no longer prevention; it’s limiting lateral movement and the scope of disruption.
Read full articleHelius CEO Mert Mumtaz dismissed outage rumors and clarified that the Zcash network was fully functional.
Zcash Open Development Lab said the network briefly became unstable as miners upgraded, while the Zcash Foundation said there was no evidence of an exploit.
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The post Ethereum OG Offloads $136 Million in ETH and wstETH as Sellers Test $2,000 appeared on BitcoinEthereumNews.com. Key Takeaways Lookonchain says an Ethereum OG sold 55,000 ETH and 9,442 wstETH for ~$136M in a week, averaging $2,041. The selling adds to ETF outflows, pressuring ether as it tests the key $2,000 support level. Other whales are accumulating, with one buying 21,800 ETH for $47M, signaling split conviction. A Week of Steady Selling The wallet, an early participant holding coins since the network’s first years, sold 55,000 ETH worth about $112.25 million and 9,442 wstETH worth roughly $24 million over the past week. The combined $136 million was offloaded at an average price near $2,041 per ETH, according onchain data. Image source: X The wstETH tokens are a form of wrapped staked ether (wstETH), a liquid version of ETH locked in the Lido staking protocol. Selling both the liquid and staked portions of a position suggests a holder reducing exposure broadly rather than