Cardano Founder Denies Resignation Rumors: "They are completely untrue and entirely fabricated."

According to market data from BIT (Bit.com), Grayscale’s Zcash (ZEC) spot ETF (ticker: ZCSH) recorded a trading volume of $14.8 million on its first day of trading on U.S. stock exchanges, rising by over 3.5% intraday before closing down 1.54%. Grayscale’s Zcash spot ETF is the world’s first exchange-traded product (ETP) offering exposure to Zcash spot assets. The product was formerly the Grayscale Zcash Trust, established via private placement as early as October 2017. Steve Vanourny, head of Grayscale’s index business, stated that Zcash boasts nearly a decade of network history, a fixed maximum supply of 21 million coins, and a proof-of-work (PoW) mechanism, while also featuring optional privacy functions not available on Bitcoin. The firm positions ZCSH as a high-risk satellite position in digital asset portfolios.

According to GMGN monitoring, the Chinese-language Meme coin "Lobster" on BSC hit a record high market cap of over $48 million this morning, and has since pulled back to $39 million. It recorded a 49.1% 24-hour gain, with trading volume of $5.5 million over the same period. BlockBeats Note: Meme coin trading is extremely volatile, largely driven by market sentiment and concept hype, with no actual value or use cases. Investors should exercise caution regarding associated risks.

According to GMGN monitoring, Robinhood Chain ecosystem token PONS has crossed $115 million in market capitalization, hitting an all-time high, with a 30.2% gain in the past 24 hours and approximately $19.2 million in trading volume over the same period. PONS is the native platform token of Pons, a token launch platform built on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens, allocates collected WETH fees to repurchase PONS, and directly burns the PONS fees it collects. Some community members have dubbed it the "Pump.fun of Robinhood Chain". BlockBeats reminds users that token prices are highly volatile, so investment caution is required.

Beating AI News (from Dongcha) – Tang Daosheng, Senior Executive Vice President of Tencent Group and CEO of Cloud and Smart Industries Group, published a lengthy article directly addressing the claim that "Tencent is slow in AI development." He acknowledged internal anxiety at Tencent, noting that rival firms have gained more momentum in recent years. More directly, Tencent’s overall computing power is "severely insufficient," which has slowed the training of its Hunyuan model and product development, "having a relatively large impact." However, Tang believes this is likely only the first kilometer of the AI marathon, "sticking it out for longer is more important than starting early." He previewed that the next-generation Hunyuan Hy4 will bring more breakthroughs, while arguing Tencent cannot compete solely on foundational models: algorithms set the upper limit, engineering determines implementation speed, and real-world scenarios such as WeChat’s office, documents, meetings, and enterprise services are Tencent’s biggest asset. Tang also rarely reviewed several mistakes: over the past year, Tencent’s AI assistant Yuanbao invested heavily in promotion for user growth, but "neither the model nor the product was ready" at the time, leading to unsatisfactory results. CodeBuddy and WorkBuddy were not pre-planned successful paths; early-stage DevTools operated at a loss for a long time and was almost cut. WorkBuddy later capitalized on the agent wave, rolling out over 40 versions in three months after launch. Tang said the team now uses AI extensively for coding, with humans mainly responsible for judgment, debugging, and oversight. He predicts the boundaries between product, development, and testing will become increasingly blurred in the future, and small teams will be able to accomplish tasks that only large teams could do before with AI’s help.

The Ethereum Foundation team has released an impact assessment of gas repricing for the upcoming Glamsterdam upgrade. The upgrade includes two EIPs: EIP-8037 and EIP-8038. The former increases and standardizes the cost of creating new states, including new accounts, new storage slots, and deployed bytecode. The latter raises the cost of state access operations (such as SSTORE, SLOAD, and cold account access), making gas prices more accurately reflect actual resource consumption. State operation gas pricing has not been adjusted since the Berlin fork in 2021, while Ethereum’s state size has grown significantly, and recent increases in the gas limit have further accelerated this growth. The new pricing is based on a performance target supporting approximately a 3x increase in base throughput, and serves as a necessary prerequisite for future further hikes in the gas limit. The team evaluated the actual impact by replaying historical mainnet transactions, categorizing all transactions into four groups: most transactions are completely unaffected; some transactions still succeed but have changes in details like gas usage; some contracts run out of gas under their original limit but can complete when the limit is raised; a tiny number of contracts may still fail even with a significantly increased gas limit. This last category typically relies on hardcoded gas assumptions. Developers can check if their contracts are affected and verify fixes on the Plat?berget testnet. End users do not need to take any action, as updated wallets and infrastructure will handle the changes automatically.

Crypto trading app Fomo has for the first time surpassed 100,000 daily active traders, making it the second application to reach this milestone. Previously, in January 2025, when Trump launched the TRUMP meme token, Moonshot set a record of over 180,000 wallet addresses.