Crypto Morning Brief: HYPE Total Burned Supply Reaches 48.45 Million Tokens, Abraxas Capital Buys Another 13,000 ETH

Overtaken by GMGN, Robinhood Chain's fee revenue dropped to $1.87 million over the past 24 hours.

Author: TechFlow

Yesterday's Market Dynamics

F2Pool Co-founder Wang Chun Slams Zcash: Blacklisting the Zcash Team Remains One of My Best Decisions

F2Pool Co-founder Wang Chun (@satofishi) posted that six years ago, after observing Zcash team members consistently confusing the EST and EDT time zones, he determined the team lacked a basic understanding of fundamental principles. He promptly banned all company members, stating that this remains one of his most correct decisions to date.

Wang Chun cited the BlockFi incident as an analogy—BlockFi once mistakenly sent 701.4 BTC instead of the intended $701.4 to users—and pointed out, "People who can't even tell EDT apart from EST are highly likely to also confuse BTC with USD."

Divy: Mining Farm Transformer Struck by Lightning on ZEC Mainnet Launch Night, Has Not Held ZEC in Personal Wallet Since

Cobo Co-founder and CEO Divy recalled in a post that he harbors deep shadows regarding ZEC. During the 2016 ZEC mainnet launch, BitMEX set a price cap at 10 BTC, which became ZEC's historical high. He noted that shortly after beginning mining on launch night, the graphics card mining farm's transformer was struck by lightning, and ZEC has never appeared in his personal wallet since.