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Sovright launches the Argos tool to help early Zcash users recover lost wallet assets.

2 hours ago

Nonprofit organization Sovright, founded by former members of Zcash’s original developer Electric Coin Company (ECC) governance team, has launched wallet recovery tool Argos to help early Zcash users retrieve assets from shielded addresses that became inaccessible after ZEC Wallet Lite ceased maintenance in 2022. Sovright Executive Chair Michelle Lai stated that users holding the original wallet mnemonic phrase can recover funds via Argos. While the exact number of affected addresses is unconfirmed, the involved funds are estimated to be substantial, primarily impacting Zcash’s early and long-term users. In addition to Argos, Sovright recently launched a testnet version of its Sovright Mining Pool, designed to help individual miners participate in mining and address Zcash’s overly concentrated hash rate issue. Sovright was established following a prior governance dispute between ECC and Zcash’s governance body Bootstrap. All former ECC staff left to form for-profit Zcash Open Development Lab (ZODL), while three former Bootstrap board members founded Sovright to continue advancing Zcash’s ecosystem on a nonprofit basis.

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European stocks closed out the first half of the year: the blue-chip index rose more than 9%, while Germany, the UK, and France’s stock indices notched only single-digit gains.

According to Bitget market data, European stocks wrapped up their first half of the year. As of Tuesday’s close, the Euro Stoxx 50 index has rallied more than 9% cumulatively, the Stoxx 600 index has gained over 8%, Italy’s FTSE MIB index has risen nearly 15%, Spain’s IBEX 35 index has jumped more than 12%, Germany’s DAX 30 index has advanced 2%, the UK’s FTSE 100 index has climbed 5.7%, and France’s CAC 40 index has increased 3%.

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Frequent errors and omissions in data releases have prompted regulators to call on the U.S. Bureau of Labor Statistics to strengthen data protection.

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Dutch prosecutors have applied for the bankruptcy liquidation of Knaken, with funds of approximately 30,000 users frozen.

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Crypto mining firm Riot Platforms transferred 500 BTC to NYDIG Custody, valued at approximately $29.48 million.

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