Key facts: ZECUSD $1.20 -15%; 41.09M in; Crosslink halted; 19.3M sell
Zcash/USD (ZECUSD) traded near $1.20, down over 15% in October ahead of the NU7 network upgrade on Nov 5; Grayscale’s Zcash Trust saw $41.09M inflows over four days.Zcash/USD debate: developer halted Crosslink staking talks. Proposal adds staking atop mining with stakes in powers of 10 ZEC to preserve anonymity; core devs raised security and consensus concerns.On Oct 26 at 07:30 a contract account closed a ZECUSD long, selling 16,167.51 ZEC (~$19.3M) at about $1,194 per ZEC; trade showed an approx $110k loss.ZECUSD has a scheduled network upgrade, NU7, on Nov 5. Traders note the upgrade is a near-term catalyst, but its timing has not yet sparked a sustained price rally.This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.