In the latest Zcash news, Zakura released Zakura Common on August 31, an open-source cryptography toolkit the team says reduces shielded Zcash transaction creation from more than three seconds to under 200 milliseconds in some cases, according to Zakura’s announcement.

The team says mobile proof generation is more than 14 times faster, addressing one of the biggest delays users face when sending private ZEC.

Desktop transaction creation is more than five times faster under the new stack, according to Zakura. The team also reports Sinsemilla hashing improvements exceeding 21 times, trial decryption that is more than 1.5 times faster, and zk-SNARK verification that is between four and eight times faster.

Wallet developers can adopt the open-source libraries without a Zcash network upgrade or consensus change. Zakura has moved its node software to the new stack in its upcoming 1.3.0 release, while Vizor Wallet is among the first to adopt it.

Zcash (ZEC)

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Zcash News: Why the wallet-side delay matters

Shielded Zcash transactions hide the sender, receiver and amount transferred. Before a payment can be broadcast, the user’s wallet must perform substantial cryptographic work to prove that the hidden transaction still follows network rules.

That computation happens on the device before the blockchain processes the payment.

That step is among the reasons shielded transactions can feel slow even when the network itself has not yet done anything. Zakura Common targets this wallet-side bottleneck rather than block production or consensus timing, and the changes do not require an upgrade to Zcash itself.

According to Zakura, wallets using the new libraries should sync faster. Full nodes running Zakura are also expected to benefit from faster transaction checks, reduced orphan rates and faster transaction propagation. The performance figures are Zakura’s own benchmarks.

Part of a larger scaling push

Zakura is a separate Zcash node implementation led by Zcash cofounder Sean Bowe in collaboration with Dev Ojha. Its node software is separate from the Zcash Foundation’s existing implementation. According to the source, it is being used as an early testing ground for broader scaling work, and Project Tachyon has also moved to the new stack.

Zcash’s scaling challenge is not limited to block production speed. Node verification time, the volume of data wallets must download and client-side proof construction are separate bottlenecks that Zakura’s work addresses in parallel.

Zakura’s stated long-term target is more than 50,000 private transactions per second, roughly the scale of major card networks, compared with a described ceiling of about one transaction per second for today’s wallet software. Zakura says its software can already handle the 25-second block times proposed for NU7, described as Zcash’s next major upgrade.

ZEC rose about 5% to near $839 after the release, though it was down Monday morning alongside a broader market pullback. Zakura is inviting wallets to switch to its cryptography libraries, which are publicly available for use on the current Zcash network.

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The post Zakura Common Targets Zcash’s Wallet-Side Privacy Bottleneck appeared first on Cryptonews.

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David Schwartz, the Ripple CTO emeritus, argued on August 31 that supporters of Bitcoin’s BIP-110 fork crossed from governance into an attack after rejecting the soft-fork result and continuing on a separate proof-of-work chain.

His exchange with fork supporter loogart captures the dispute: whether losing a consensus fight justifies creating a new Bitcoin chain, or whether that move itself amounts to attacking the network.

New Chain Goes Live

The account loogart opened the exchange by describing the sequence from the group’s perspective: it objected to the direction Bitcoin Core was taking, was told to fork, forked with a different proof-of-work algorithm, and is now building a separate chain, all while still being called an attacker.

“You’re not ‘still’ attacking,” Schwartz wrote in response to loogart’s take. “You switched from participating in governance to attacking when you refused to accept that you lost.”

Loogart replied that their group had accepted defeat and continued their version of Bitcoin elsewhere. They argued that open dialogue, a soft fork, and eventually a hard fork cannot amount to an attack because no one was compelled to follow, writing, “Nobody was forced to follow us.”

However, Schwartz rejected that framing, stating that inventing language that makes disagreement impossible to reason through moves the dispute beyond a good-faith disagreement and into what he called attacks and lunacy.

“I’m not arguing that you are incapable of pretending you have good faith disagreement over governance,” the XRP Ledger architect added. “I’m arguing that there’s lots of evidence that when you do so, you are pretending.”

The chain he referenced went live through a flag-day hard fork at block 961,640, replacing SHA256d with BLAKE2b as the mining algorithm. The update also introduced a new 164-byte block header and temporary rules capping block size at roughly 300 kilobytes until September 2027.

Bitcoin Knots developer Luke Dashjr defended the switch on August 30, arguing that BLAKE2b carries none of SHA256d’s known weaknesses, such as ASICBoost, and that the redesigned header closes a block-withholding loophole that previously relied on miner monitoring to catch.

A Fork That Struggled Before It Split Again

As CryptoPotato reported previously, the BIP-110 chain split from Bitcoin’s main chain at block 961,632 after failing to draw enough miner support.

The backing pool, Roughnecks, produced only two blocks before the branch stalled while the main chain kept its normal pace, and the gap between them grew to several hundred blocks within weeks. Dashjr was separately removed as an editor of Bitcoin’s improvement proposal repository over what was described as a conflict of interest in his handling of BIP-110.

The dispute traces back to Bitcoin Core dropping its old limit on OP_RETURN data, which let more non-monetary content, including Ordinals and Runes, fill blocks that BIP-110 supporters wanted reserved for payments.

That disagreement has since split Bitcoin’s online community into camps, exemplified by how one X user, Robin Seyr, called BLAKE2b hostile in the same way Bitcoin Cash (BCH) and Bitcoin SV (BSV) were viewed, while another poster, Luke Mikic, described BIP-110 as an attempt to fix bugs introduced by Taproot rather than an attack on Bitcoin at all.

The post Ripple CTO Emeritus: BIP-110 Vote Loss Doesn’t Justify New Chain appeared first on CryptoPotato.

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Ripple’s XRP is undergoing a corrective phase after its explosive breakout from the $1 region. While the broader structure has improved substantially, fading momentum below the $1.45-$1.55 resistance zone suggests the market may need a deeper pullback or additional consolidation before attempting another sustained advance.

XRP Price Analysis: The Daily Chart

On the daily timeframe, XRP’s breakout represented a major structural shift, with the price escaping the prolonged descending channel and surging through both moving averages. However, the rally encountered substantial selling pressure inside the $1.45-$1.55 resistance zone, while the long upper wick toward $1.70 highlights the rejection of higher prices.

The token has since retraced toward $1.37, with the sequence of lower highs and lower lows following the rejection indicating that short-term momentum has turned corrective.

The first important support is the $1.27-$1.34 zone. This area also overlaps with the higher moving average shown on the chart, strengthening its technical significance. A successful reaction from this region could allow XRP to stabilize before another attempt at the $1.45-$1.55 resistance zone.

However, a daily breakdown below $1.27 would weaken the post-breakout structure and increase the probability of a deeper correction. In that case, the lower moving average around $1.15 could become relevant before the broader $0.93-$0.97 demand zone comes back into consideration.

XRP/USDT 4-Hour Chart

The 4-hour chart shows XRP consolidating after the initial rally from approximately $0.99 to $1.70. The subsequent rejection from the $1.43-$1.55 supply zone has gradually pushed the price back toward the 0.5 Fibonacci retracement at $1.34.

This makes the $1.33-$1.34 area an important near-term decision point. The asset has already tested this level and produced a modest reaction, but buyers have yet to generate a convincing recovery. Holding above it could lead to continued sideways consolidation and potentially another attempt at the $1.43-$1.55 resistance zone.

If the $1.34 level fails, however, the correction could extend toward the next Fibonacci levels. The 0.618 retracement at $1.26 sits inside the first notable pullback zone, while the 0.702 level near $1.20 provides another support reference. A more substantial correction would bring the 0.786 retracement at $1.14 and the broader $1.09-$1.14 support zone into focus.

For now, the short-term structure remains corrective below $1.43-$1.55. A sustained reclaim of this resistance zone would be needed to shift momentum decisively back toward the bulls and reopen the possibility of challenging the $1.70 high.

The post Ripple Price Analysis: XRP Hits Critical Decision Point as Key Support Comes Under Pressure appeared first on CryptoPotato.

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Bitcoin traded at $78,500 as the Japanese yen breached 160 per dollar in Tokyo trading, while a U.S. strike on Iran’s Larak Island added to market uncertainty. All these follow Friday’s broad dollar advance and hawkish remarks from Warsh at Jackson Hole, which lifted expectations for a Federal Reserve rate hike.

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It is reported that bond investors were pricing a Fed positioned to hike and that the repricing had pulled institutional money out of bitcoin ETFs across May and June. The yen itself has long been used as a funding currency for investments in U.S. stocks and Treasury notes.

U.S. Treasury Secretary Scott Bessent said Sunday that recent moves in the Japanese yen had been contained and did not warrant a joint U.S.-Japan intervention like the one seen last month. Reuters likewise reported that Bessent described the moves as contained.

Bessent had warned Friday that a disorderly yen market could feed through to higher U.S. interest rates. That link places Tokyo’s currency market alongside Wall Street’s rate expectations and crypto-market positioning.

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What the Iran Strike Adds to the Macro Test

The U.S. strike on Iran’s Larak Island added another macro risk alongside yen weakness and higher rate expectations. Oil moving higher and stocks moving lower after the U.S. action, while bitcoin showed a comparatively muted response.

Reuters reported that U.S. forces struck Iran’s Larak Island on Sunday and that oil rose as Gulf tensions flared. The market response highlighted energy as an immediate channel for pricing the escalation.

The $78,000 Bitcoin Consolidation Question

Bitcoin’s daily loss remained under 1% as the yen breached its closely watched threshold and Gulf tensions flared. The dollar strength that pushed the yen past its intervention line as the same force capping crypto, leaving bitcoin near $78,000 amid competing market pressures.

The wider crypto market showed mixed performance. Solana and Dogecoin fell roughly 3% on the day, while Ether, BNB, Zcash, and Tron were within 2% of flat. On a weekly basis, Solana was up about 8% while Dogecoin was down by 10%.

Monday was the final trading session of August. The month’s closing ETF total would show whether an eight-day bitcoin ETF inflow run survived the change in rate expectations or ended with it.

Reuters reported that investors were turning to upcoming U.S. data, including the nonfarm payrolls report and consumer inflation figures, which could shape expectations ahead of the September Fed meeting. CoinDesk identified August’s closing ETF flow total as the more immediate crypto-market indicator.

The dollar’s direction, the yen’s movement near intervention-sensitive levels, and the path of rate expectations remain key variables for risk assets, including bitcoin.

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GameStop stock climbed about 4% on Monday. The company paid $358.4 million in cash to stop a share count that could have continued to grow.

The payment freezes the deal at roughly 55.5 million new shares. That equals about 12% of GameStop’s 448.7 million shares outstanding.

Why GameStop Stock Rallied After the Dilution Fix

On August 3, GameStop agreed to swap $1.4 billion of zero-coupon convertible debt for stock. The company would hand over shares and pay nothing.

The catch sat in the pricing, as the share count depended on an average of GME’s price over 35 trading days. A cheaper stock meant more shares.

Traders spotted the loop at once, and GME fell 12.25% that day to $19.06, down from $21.72 on July 31.

GameStop has now killed the rest of that window. Noteholders take 73% of the deal in shares and 27% in cash. No further shares can be issued.

The Warning Buried in the Filing

Monday’s amendment added a clause the August 3 release did not carry.

“GameStop expects that participating noteholders may purchase or sell shares of Common Stock or enter into or unwind derivative transactions to adjust their positions, including purchases of Common Stock to close out short positions,” read an excerpt in the filing.

Those last five words matter because convertible investors usually short the stock to hedge. A frozen share count and a cash payout can leave those hedges mis-sized.

GameStop also pulled the closing date forward by 20 days, to about September 3. That compresses the window for any unwinding.

What the Fix Does Not Solve

The exchange retires only a third of the debt. Roughly $2.8 billion of the original $4.2 billion convertible stack stays on the books.

The cash came from a shrinking pile, too. Holdings fell to about $5.06 billion from $8.694 billion, mostly because GameStop converted its proposed eBay takeover bid into 43.4 million eBay shares.

The quarter itself read better. Sales slipped to between $780 million and $800 million from $972.2 million. Yet operating margin jumped to roughly 20% from 6.8%, even after a $75 million loss on GameStop’s Bitcoin holdings and other digital assets.

At $18.65, GME still trades 14% below its July 31 close. The dilution clock has stopped. The rest of the risk has not.

The post GameStop Stock Climbs After a $358 Million Fix. Will It Last? appeared first on BeInCrypto.

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Coinbase CEO Brian Armstrong has accused “entrenched incumbents” of lobbying against the CLARITY Act, arguing that established financial players are trying to stop crypto companies from competing in US financial services.

His comments frame the fight over the bill as a contest between traditional firms protecting their position and crypto businesses seeking clearer rules.

Armstrong Puts Competition at Center of CLARITY Fight

Armstrong said the Trump administration came to power after millions of Americans felt “disenfranchised” by the previous administration’s approach to crypto.

He pointed to Donald Trump’s 2024 campaign promise to remove former SEC Chair Gary Gensler, recalling the reaction when Trump said at a Bitcoin conference that he would fire Gensler “on day one.”

He then ran through what he sees as progress since Trump took office: an executive order calling for clearer crypto rules, the appointment of SEC Chair Paul Atkins and CFTC Chair Mike Selig, and passage of the GENIUS Act for stablecoins. The CLARITY Act, Armstrong said, is the next piece.

“Make no mistake, there are people out there actively fighting against this,” Armstrong said. “There are entrenched incumbents who don’t want competition from crypto companies that would provide better financial services.”

He went further, alleging that some of those firms are “actively lobbying against it, trying to kill it.” The Coinbase chief also singled out Senator Elizabeth Warren, saying she is among those seeking to stop the legislation. His argument comes as the bill approaches a September 15 Senate vote on a motion to proceed.

As CryptoPotato reported previously, Armstrong had earlier said on August 21 that regulatory clarity was coming either through Congress or through action by the SEC and CFTC. He pointed to September 15 and 16 as possible dates for that development.

The Senate needs 60 votes for cloture, while Republicans hold 53 seats. That means if all of them support the measure, it would still leave them needing at least seven additional votes from Democrats or independents.

Furthermore, the bill still faces disputes over ethics rules, anti-money laundering provisions, and whether crypto companies can offer rewards on customer stablecoin holdings.

Banks Remain a Point of Tension

The banking industry’s concerns over stablecoin rewards sit close to Armstrong’s competition argument. The provision has drawn resistance from traditional lenders, who say such products could pull deposits away from banks.

That dispute helps explain why the CLARITY debate is about more than deciding which regulator handles crypto. The legislation would establish federal rules for digital assets, including how tokens are classified and where SEC and CFTC responsibilities begin and end.

With all that going on, Armstrong’s message is direct: the bill should pass because consumers and crypto firms need clearer rules, while established financial companies should not be able to block competitors through lobbying.

“It’s time to get the Clarity Act, which will protect consumers, over the finish line,” he wrote on X. “There’s something in it for everyone: banks, law enforcement, crypto companies, and most importantly the American people.”

The post Brian Armstrong: ‘Incumbents’ Are Trying to Kill Crypto Competition appeared first on CryptoPotato.

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BeInCrypto is attending TOKEN2049 Singapore as an official media partner, and this year we are bringing The NewsDesk to the main venue. Our team will be at Marina Bay Sands for both days of the conference, October 7-8, interviewing executives and industry leaders from across digital assets and finance.

About TOKEN2049 Singapore 2026 

TOKEN2049 Singapore is expected to bring together more than 25,000 attendees, 7,000 companies, 300 speakers and 500 exhibitors across 160+ countries, with more than 60% of attendees holding C-level positions. 

Alongside the broader Singapore programme, 1,000 side events will be featured throughout the week. Other major gatherings taking place in Singapore that week include Digital Asset Summit Asia, Sui Basecamp, the Network State Conference, the Milken Institute Asia Summit, and the Forbes Global CEO Conference, all against the backdrop of the Formula 1 Singapore Grand Prix.

This year’s agenda features tracks on institutional capital integration, with traditional financial leaders such as Nasdaq’s Adena Friedman and Franklin Templeton’s Jenny Johnson discussing capital flows and regulatory developments. At the same time, industry leaders including Binance CEO Richard Teng, Hyperliquid Labs CEO Jeff Yan, and Polymarket founder Shayne Coplan will explore exchange liquidity, on-chain derivatives, and decentralised prediction markets. 

The speaker’s lineup also features other financial heavyweights such as Joseph Lubin, Co-founder of Consensys, Vlad Tenev, CEO of Robinhood, and Amy Oldenburg from Morgan Stanley, among others.

BeInCrypto NewsDesk at TOKEN2049 Singapore

Our NewsDesk will be located at the main venue in Marina Bay Sands where our journalists will be speaking to industry leaders and covering all the latest announcements and product launches as it happens.

Follow BeInCrypto for coverage across both days, and check token2049.com for the full speaker lineup and agenda as more of the programme is announced.

BeInCrypto is part of the BeInNews Group, an independent media group covering the convergence of finance and digital assets. We help professionals act with confidence in a complex and fast-changing industry through our newsroom, research reports, events, expert councils and multimedia studio.

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