cash

The payment service provider license of CoolCash (Xiao Yi Payment), the parent company of Tianxu International Technology Co., Ltd., has been revoked by the National Bank of Cambodia and has entered liquidation proceedings. The company and its director, Pang Weizhi, were included in the UK government's sanctions list in March this year due to alleged ties with the Prince Group.The National Bank of Cambodia announced on the 10th that it revoked the payment service provider license of Tianxu International Technology on August 3. This license was issued on May 27, 2024, and was originally valid until 2030. The bank also appointed Morrison Kak MKA Audit Accounting Firm as the liquidator in accordance with Article 68 of the Law on Banking and Financial Institutions to handle liquidation matters and return relevant funds to the company's clients in accordance with the legal priority order.UK sanction documents indicate that Pang Weizhi holds Cambodian and Chinese nationality, with the Cambodian name Pang Visal, and serves as a director of Tianxu International Technology and the parent company of Elephant Delivery, U-Life KH Super App Company Limited. The UK side claims to have reasonable grounds to suspect his ties with the Prince Group and that he has provided financial services or funds, economic resources, goods, or technology to the group. The UK side alleges that the Prince Group is involved in operating scam centers in Cambodia, which include forced labor and serious human rights violations. Tianxu International Technology and Pang Weizhi have been listed as targets of sanctions in both corporate and personal capacities.

According to CryptoSlate, the voting in the Zcash community regarding the NU7 network upgrade will close on September 14. The core issue is to replace the periodic halving with a smooth issuance curve, and another issue is whether to shorten the block interval from 75 seconds to 25 seconds.This proposal does not change the total supply cap of ZEC, only adjusts the pace of new coin release; the vote is advisory in nature, and even if passed, development and deployment still need to be completed. ZEC recently reached a new high since 2018, currently priced at $1,093.21, ranking 10th by market capitalization.

Pump.fun announced the launch of the "Holder Reward" mechanism and the cancellation of the Cashback model. From now on, when token creators issue new coins, they can choose between the standard "Creator Fee" model and the "Holder Reward" model.In the Holder Reward model, the relevant fees will be transferred to the Pump.fun distribution wallet, and the platform will automatically conduct multiple proportional distributions every hour. Users with a holding value exceeding 20 USD will receive rewards, with more holdings resulting in more rewards. Rewards are paid in the quoted token of the trading pair; for example, tokens paired with SOL will distribute rewards in SOL.Existing Cashback and Creator Fee model tokens can apply to be converted into Holder Reward tokens, and the conversion cannot be reversed. The SOL and USDC trading pairs will continue to use a tiered fee rate that decreases as market value increases; custom trading pairs can set a fixed rate between 0.01% and 3%, which cannot be modified once determined.

The Solana meme coin launch platform Pump.fun announced two updates: the introduction of holder rewards and the removal of the cashback model. Holder reward tokens can earn rewards simply by holding them, with higher limits for longer holding periods, aimed at community development.The cashback model is no longer an option for launches. Creators can choose between creator fees or holder reward tokens. Existing tokens can apply for an irreversible switch, submitted by the team or community, with review criteria based on objective information beneficial to the token and community. Custom trading pairs must set a fixed fee rate of 0.01% to 3%, while SOL/USDC will continue to use the market cap tiered fee rate.Fees go into the Pump.fun distribution wallet, automatically distributed multiple times per hour based on holding proportions, with participation allowed for holdings over $20 in value. Protocol fees are the same across all types, and rewards are distributed in quoted tokens.

Zach Pandl, the research director at Grayscale, pointed out that Zcash, as a Bitcoin-like digital currency with privacy features, currently has lucrative mining profits. Although Bitcoin network miners earn about $35 million daily, far exceeding Zcash's approximately $2 million, the daily revenue per mining machine for Zcash is about twice that of Bitcoin, with revenue per megawatt-hour approximately four times that of Bitcoin, even surpassing some AI/high-performance computing cloud services.Driven by the strong performance of token prices, Zcash's overall mining activity has increased more than 2.5 times this year, forming a virtuous cycle of "price increase --- mining increase --- network security enhancement --- supporting price." Pandl believes that at the current valuation, Zcash mining remains attractive and continues to strengthen its network security.

Pine Analytics released the Zcash Q3 2026 report. Ironwood was activated on July 28 at block 3,428,143, and within five weeks, holders migrated 87% of their Orchard balance, with the new pool holding 3.84M ZEC as of August 31. The shielded supply increased by 9.9% to 4.86M ZEC, with the shielded ratio rebounding from 26.3% to 28.7%, recovering 440K from the 745K unshielded ZEC in June.The price of ZEC rose from $407 on June 30 to $836 on August 31, an increase of 106%. Grayscale ZCSH converted to a spot ETF, with assets growing from $155 million to $346 million. Mining difficulty rose by 35%, reaching an all-time high, with two corporate miners committing approximately $65 million in hash power. NU7 has no mainnet height yet, and holders will vote until September 14 to decide whether to launch before September 30 with a 25-second block time and smooth issuance; there are still 470K ZEC remaining in Orchard.

According to monitoring by Lookonchain, Wintermute obtained 2.5 million tokens from the $LAPTOP project team and immediately began selling them on-chain. Currently, 466,255 tokens have been sold at an average price of $4.47, cashing out approximately 2.08 million USD, with about 2.03 million tokens remaining to be disposed of.

According to Arkham monitoring, trader David (@heylittlechef) accumulated $2,600 of PONS on the first day of its launch with a market value of $1.607 million, and two months later, PONS increased by approximately 500 times.He has cashed out $77,400 and still holds $1.08 million of PONS.

According to CoinDesk, Grayscale's Zcash Spot ETF (ZCSH) has seen its assets under management exceed $500 million within two weeks of its launch, currently holding over 550,000 ZEC, accounting for about 3% of its total circulating supply of 16.9 million.Since its listing on August 25, the fund has attracted over $70 million in inflows and received an additional $100 million investment from DCG International Investments. Driven by this, ZEC briefly surpassed $1,180 during the day, with an increase of over 4%, and a 24-hour trading volume of approximately $1 billion, raising its market capitalization to the tenth position in the cryptocurrency rankings.

Grayscale announced on platform X that its launched the world's first Zcash spot ETF fund ZCSH is now open for options trading.

F2Pool co-founder Wang Chun (@satofishi) pointed out that the current rise of Zcash is essentially a narrative-driven speculative behavior, rather than being supported by actual value. He listed several core issues: in terms of unfair distribution, 20% of the block rewards in the first four years were allocated as "founder's rewards" to founders, employees, advisors, and early investors, totaling 2.1 million ZEC, which accounts for 10% of the total supply cap. This was followed by a similar percentage taken under the name of a "development fund"; regarding privacy mechanisms, the privacy feature is optional rather than a default setting, and most tokens circulate in transparent addresses for a long time, criticized as a "marketing gimmick."In terms of governance, the Electric Coin Company (ECC) has long-standing management conflicts with the foundation, and in January 2026, the ECC team collectively left, claiming they were expelled. In terms of security, in May 2026, it was disclosed that the Orchard privacy pool had a serious vulnerability for four years, theoretically allowing the forgery of ZEC without on-chain traces. In July, the old pool was urgently closed and forced migration occurred, which was seen as a remedial action rather than a positive development. Wang Chun believes that Zcash being listed alongside Solana and Hyperliquid in market capitalization does not represent that it has the same actual application value; the current price reflects more of a "narrative short squeeze" rather than the network's fundamentals.

F2Pool co-founder Wang Chun (@satofishi) stated that six years ago, he banned all members of the Zcash team due to their continuous confusion between EST and EDT time zones, believing that the team lacked basic principles of understanding. He mentioned that this decision remains one of his most correct choices to this day.Wang Chun cited the BlockFi incident as an analogy—BlockFi mistakenly sent 701.4 BTC instead of the 701.4 USD that should have been sent to users, pointing out that "those who can't even distinguish between EDT and EST are likely to confuse BTC and USD."

Cashmere Labs announced the launch of Goat Street's first practical features and products. Goat Street NFTs on the Robinhood Chain can now earn native ETH and on-chain stock yields, with the weight depending on the duration of NFT holding and level.

The price of Zcash (ZEC) has risen to its highest level since 2016, with a market capitalization surpassing $20 billion. According to CoinGecko data, ZEC once reached $1,249.28 before falling back to around $1,195, having increased approximately 45% over the past week and 138% over the past 30 days. However, the current price is still below the historical high of $3,191.93 set on October 28, 2016.This round of increases is primarily driven by Grayscale converting its Zcash Trust into an exchange-traded fund (ETF). The product code is ZCSH, which began trading on NYSE ARCA on August 25, allowing investors to gain exposure to ZEC through brokerage accounts. As of last Friday's close, the ETF reported $83.77, with assets under management reaching $463.2 million. Zcash allows users to choose between public transactions and "shielded" transactions, the latter utilizing zero-knowledge proofs to verify payments without disclosing the sender, receiver, or transaction amount.Grayscale's research director Zach Pandl stated in an analysis on August 31 that this could become a "must-have" feature for privacy-focused users. Pandl pointed out that artificial intelligence might increase the demand for financial privacy by making it easier to associate public blockchain transactions with user identities.

Global Macro Investor founder and CEO Raoul Pal published a discussion on how to value L1. He used Ethereum as an example, stating that if it were to shut down, all stablecoins, DeFi, all L2s, and NFTs on it would go to zero.Pal indicated that L1 attracts assets, capital, and velocity due to its intellectual density. Ethereum has the most developers, programmability, and a complete ecosystem. He has repeatedly heard the DCF argument and believes it is meaningless; the valuation target is not cash flow, but everything guaranteed by the chain.He stated that as we enter the era of indices, the entire human economy and the new intelligent economy will be on-chain, and immense value will accumulate in these foundational layers, which is evident.

According to Onchain Lens monitoring, in the past 24 hours, a certain whale accumulated 3.23 million PONS by buying with 913 ETH (approximately 2.26 million USD); bought 1.69 million CASHCAT with 160 ETH (approximately 392,000 USD); purchased 7,270 AAVE with 1 million USDC; and acquired 156,450 UNI with 850,000 USDC.

According to market news, the Tectonic attacker marked address has deposited 2,658.9 ETH (approximately 6.65 million USD) into TornadoCash.

According to GMGN data, Robinhood Chain Meme coin CASHCAT's market capitalization briefly surpassed 300 million USD, reaching a new high, currently reported at 275.4 million USD, with a 24-hour increase of 7.68%.Market news reminds users that Meme coin prices are highly volatile, and investors should participate with caution.

The Payment and Settlement Department of the People's Bank of China released the overall situation of the payment system operation for the second quarter of 2025. By the end of the second quarter, a total of 15.238 billion bank accounts had been opened nationwide, including 116 million corporate bank accounts and 15.122 billion personal bank accounts; a total of 10.068 billion bank cards had been issued nationwide, including 9.354 billion debit cards and 715 million credit cards and loan cards, with 775,700 ATMs.In the second quarter, banks nationwide processed 149.789 billion non-cash payment transactions, amounting to 136.536 trillion yuan. Bank card transactions totaled 146.662 billion, amounting to 22.670 trillion yuan, of which consumer transactions accounted for 93.371 billion, amounting to 3.157 trillion yuan. Banks processed 80.053 billion electronic payment transactions, amounting to 85.816 trillion yuan, including 18.217 billion online payments, amounting to 70.785 trillion yuan, and 58.386 billion mobile payments, amounting to 13.606 trillion yuan. Non-bank payment institutions processed 333.845 billion online payment transactions, amounting to 8.211 trillion yuan.In the second quarter, the payment system processed a total of 392.751 billion payment transactions, amounting to 308.483 trillion yuan. The People's Bank of China Clearing Center system processed 5.543 billion transactions, amounting to 22.957 trillion yuan; the UnionPay interbank payment system processed 97.641 billion transactions, amounting to 6.671 trillion yuan; the NetUnion clearing platform processed 283.180 billion transactions, amounting to 14.558 trillion yuan; and the RMB cross-border payment system processed 2.121 million transactions, amounting to 4.594 trillion yuan.

According to GMGN data, CASHCAT's market capitalization has reached a historical high of $267 million, with the current coin price at $0.265, a 24-hour increase of 16%.Meme coin prices are highly volatile and easily influenced by market sentiment and trending events; please be aware of trading risks.