Altcoins
Latest news, analysis, and updates on Altcoins from A47 News.
7 stories in Crypto · Updated live
Zcash Co-Founders Clash Over Proposal to Redirect $125M Community Grants Funding Stream
On October 27, 2026, Zcash co-founder Sean Bowe published a draft ZIP proposing to disable the 8% block subsidy stream to the Zcash Community Grants program and redirect it to the Network Sustainability Mechanism, while Josh Swihart publicly rejected the partial approach. The dispute is driven by ZCG's accumulated treasury of roughly 91,453 ZEC and $8.8M in cash, which Bowe argues exceeds the program's operational needs for over a decade ahead of the network's next halving. The proposal remains a draft with no activation timeline, and the outcome will likely shape whether Zcash moves toward full retirement of its development funding streams or retains a restructured grants mechanism.
Grayscale Credits Zcash Protocol-Level 20% Developer Funding for Decade of Privacy Innovation
Grayscale published a research report on October 26, 2026, attributing a decade of Zcash privacy technology advances to the protocol's 20% block reward allocation for developer funding. The report comes ahead of Zcash's tenth anniversary on October 28, 2026 and the scheduled NU7 network upgrade on November 5, 2026, amid a roughly 25% ZEC price decline and $41.09 million in net inflows to the Grayscale Zcash Trust during October. The protocol-embedded funding model, which persists until at least the 2028 halving, positions Zcash to sustain shielded pool and quantum-recovery development independent of external venture capital.
BNB Chain Advances NewL1 High-Performance EVM Layer-1 Retaining BNB as Sole Native Token
On October 26, 2026, BNB Chain publicly detailed NewL1, a provisional high-performance EVM-compatible Layer-1 targeting 200-millisecond block intervals and sub-second finality. The announcement follows the October 22, 2026 documentation update and CZ's endorsement confirming BNB as the sole gas, staking, and governance asset across networks, with no new token issuance. The project is expected to advance to a public testnet in late 2026 and mainnet in early 2027, positioning the ecosystem to support high-frequency trading and AI-driven applications on-chain.
Evernorth Secures $80 Million Committed Equity Facility to Expand XRP Treasury
On October 26, 2026, Evernorth Holdings (NASDAQ: XRPN) announced a committed equity facility of approximately $80 million with CF Principal Investments LLC, an affiliate of Cantor Fitzgerald, permitting the sale of up to 5,218,935 Class A common shares. The facility follows the company's October 9 business combination with Armada Acquisition Corp. II and October 12 Nasdaq debut, which positioned it to build a planned treasury of approximately 473 million XRP. The company intends to use flexible equity access to fund additional XRP acquisitions and ecosystem product development, with a stated horizon of further capital raises and a strategy modelled on single-asset digital treasuries.
Latest Stories
Zcash Co-Founders Clash Over Proposal to Redirect $125M Community Grants Funding Stream
On October 27, 2026, Zcash co-founder Sean Bowe published a draft ZIP proposing to disable the 8% block subsidy stream to the Zcash Community Grants program and redirect it to the Network Sustainability Mechanism, while Josh Swihart publicly rejected the partial approach. The dispute is driven by ZCG's accumulated treasury of roughly 91,453 ZEC and $8.8M in cash, which Bowe argues exceeds the program's operational needs for over a decade ahead of the network's next halving. The proposal remains a draft with no activation timeline, and the outcome will likely shape whether Zcash moves toward full retirement of its development funding streams or retains a restructured grants mechanism.
Grayscale Credits Zcash Protocol-Level 20% Developer Funding for Decade of Privacy Innovation
Grayscale published a research report on October 26, 2026, attributing a decade of Zcash privacy technology advances to the protocol's 20% block reward allocation for developer funding. The report comes ahead of Zcash's tenth anniversary on October 28, 2026 and the scheduled NU7 network upgrade on November 5, 2026, amid a roughly 25% ZEC price decline and $41.09 million in net inflows to the Grayscale Zcash Trust during October. The protocol-embedded funding model, which persists until at least the 2028 halving, positions Zcash to sustain shielded pool and quantum-recovery development independent of external venture capital.
BNB Chain Advances NewL1 High-Performance EVM Layer-1 Retaining BNB as Sole Native Token
On October 26, 2026, BNB Chain publicly detailed NewL1, a provisional high-performance EVM-compatible Layer-1 targeting 200-millisecond block intervals and sub-second finality. The announcement follows the October 22, 2026 documentation update and CZ's endorsement confirming BNB as the sole gas, staking, and governance asset across networks, with no new token issuance. The project is expected to advance to a public testnet in late 2026 and mainnet in early 2027, positioning the ecosystem to support high-frequency trading and AI-driven applications on-chain.
Evernorth Secures $80 Million Committed Equity Facility to Expand XRP Treasury
On October 26, 2026, Evernorth Holdings (NASDAQ: XRPN) announced a committed equity facility of approximately $80 million with CF Principal Investments LLC, an affiliate of Cantor Fitzgerald, permitting the sale of up to 5,218,935 Class A common shares. The facility follows the company's October 9 business combination with Armada Acquisition Corp. II and October 12 Nasdaq debut, which positioned it to build a planned treasury of approximately 473 million XRP. The company intends to use flexible equity access to fund additional XRP acquisitions and ecosystem product development, with a stated horizon of further capital raises and a strategy modelled on single-asset digital treasuries.