Largest Bitcoin Mining Pool Expands to Zcash

🔒 Foundry's Zcash Pool Announcement

Launch Details and Features: Foundry Digital, a subsidiary of Digital Currency Group that operates the world's largest bitcoin mining pool with approximately 31% of global bitcoin hashrate, announced on March 11th the launch of an institutional-focused Zcash mining pool in April 2026. The U.S.-based pool targets institutional miners and public companies. It provides know-your-customer and anti-money laundering checks, reporting tools, transparent payouts using Pay Per Last N Shares, dedicated support, and SOC 1 Type 2 and SOC 2 Type 2 audits. No minimum hashrate is required, and fees are competitive. CEO Mike Colyer stated, “Zcash has matured into an institutional-grade asset, but the mining infrastructure supporting it hasn't kept pace.”

Recent Zcash Ecosystem Events: These developments follow recent changes in the Zcash ecosystem. In January 2026, the entire staff of Electric Coin Company, the original developer of Zcash, resigned amid a governance dispute. Following this, on March 9th, 2026, the Zcash Open Development Lab, formed by former Electric Coin Company developers, raised over $25 million in seed funding. Participants in the round included Paradigm, a16z crypto, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Maelstrom, Chapter One, Balaji Srinivasan, Haseeb Qureshi, and Mert. The funding supports expansion of the Zcash protocol and the Zodl mobile wallet. Zcash founder Zooko Wilcox, now Chief Product Officer at Shielded Labs, noted that Foundry's pool could reduce mining concentration and attract new miners.

Current Mining and Market Data: Zcash, launched in 2016, uses the Equihash algorithm, has a 21 million coin supply cap, and produces blocks every 75 seconds. The network hashrate stands at approximately 13 GSol/s. Leading pools include ViaBTC with around 30% of the hashrate, Flypool at about 44%, and F2Pool at roughly 22%. The ZEC price surged from about $50 to around $700 in late 2025, then dropped below $200 earlier in March 2026. Over the past 12 months, ZEC increased 670%, compared to Monero’s 72% and Dash’s 51%. Read More.

️ On today's Top Picks:

  1. ⭐️ Binance sues WSJ as US DOJ investigates.
  2. ⭐️ xStocks (Kraken) to launch xPoints program.
  3. ⭐️ US Oil Prices rebound as Iran war continues.
  4. ⭐️ Aave suffers oracle glitch causing $26M in liquidations.

Read time: ⏰ 8 minutes


Crypto News


• ⭐️ Foundry, operator of Bitcoin's $BTC largest mining pool, to launch Zcash $ZEC mining pool in April; to include identity verification checks for participants; ViaBTC currently operates Zcash's largest mining pool.

• ⭐️ US DOJ investigates Iran's alleged use of Binance $BNB to evade US sanctions; Binance has since sued the Wall Street Journal (WSJ) over "false and defamatory" reporting; WSJ recently reported Binance fired compliance investigators after uncovering Iran-linked activity.

US DOJ requests to retry Tornado Cash co-founder Roman Storm on money laundering and sanctions violation charges in October; court to rule on Storm’s pending motion seeking acquittal in April.

Ripple $XRP begins $750M share buyback program that values the company at ~$50B; recently raised $500M at a $40B valuation in November 2025; additionally, to acquire BC Payments Australia to obtain an Australian Financial Services License.

OP Labs (Optimism) $OP lays off 20 team members; CEO Jing Wang says "This is not about finances" and "This is about doing fewer things well, making decisions faster, and reducing coordination overhead."

Across $ACX launches "The Bridge Across" temp check proposal; explores transitioning from token structure to private company through an ACX token-to-equity exchange.

BinanceUS $BNB appoints Stephen Gregory as new CEO; previously CEO at Currency[.]com; also previously compliance leader at Gemini & CEX[.]io; interim CEO Norman Reed moves into advisory role.

Gemini $GEMI co-founders Cameron Winklevoss & Tyler Winklevoss potentially sell ~$130M of Bitcoin $BTC after transfers to Gemini hot wallets; though, some suggest transfers could be for exchange liquidity.

MARA Holdings $MARA potentially sells 298 Bitcoin $BTC (~$21M) after transfers to Cumberland; recently revised digital asset management strategy to allow sales of BTC reserves.

Metaplanet $3350.T launches two new subsidiaries, Metaplanet Ventures & Metaplanet Asset Management; to deploy 4B yen ($25M) over the next few years to various Bitcoin companies; to also deploy 400M yen ($2.5M) into JPYC Inc.

Strive $ASST buys 179 Bitcoin $BTC (~$12M); now holds 13,311 BTC (~$923M); also buys 500K shares (~$50M) of Strategy's STRC (Strategy Variable Rate Series A Perpetual Stretch Preferred Stock).

Mastercard $MA launches Mastercard Crypto Partner Program, a "new global initiative that brings together more than 85 crypto‑native companies, payments providers, and financial institutions to create a forum..."

Wells Fargo $WFC files for 'WFUSD' trademark; to potentially launch US dollar-pegged stablecoin soon; though trademark queue extends to more than 10 months.

Alpha


Ink $INK to host "InkTank: The Nado Alpha" X space on March 12th; to discuss "builder codes, features, what's next for Nado, and more"; recently teased upcoming INK token.

• ⭐️ xStocks (Kraken) to launch xPoints program; earn xPoints by holding xStocks, providing liquidity, lending or borrowing, & participating in ecosystem quests; register wallet to get permanent 20% xPoints boost.

Noise, a "trading platform for relevance," to potentially launch mainnet soon; waitlist is open (since December); recently raised $7.1M in Seed funding led by Paradigm.

Pump[.]fun to potentially launch on Ethereum, Base, BNB Chain, & Monad as new subdomains are discovered; also removes "Solana" as its location from X profile.

X Money to launch early public access next month (April); recently shared screenshots showing 'X Card' with cash back, direct deposit support, optional KYC, & more.

Soneium launches Soneium Score Season 8; users with at least 80 points at the end of the season will be eligible for a SBT badge; to launch claim for Season 7 badge soon.

Katana $KAT launches new "Verify Email" quest as part of Season 1 'Training Mode'; complete quests to earn XP & collect badges; TGE expected in ~May.

ICYMI Tempo & Stripe to launch "███████" hackathon on March 19th; application is open until Friday (March 13th); Tempo Engineering Lead & Paradigm CTO Georgios Konstantopoulos to choose ~100 developers.

Airdrops


Binance $BNB launches Midnight $NIGHT HODLer Airdrop; BNB Simple Earn and/or BNB On-Chain Yields subscribers from February 16th to February 18th are eligible.

Multipli to potentially launch TGE & airdrop soon; teases "If Multipli had a token, what would you like the ticker to be called?" on X; ORBs (points) holders will be eligible.

ICYMI Paradex $DIME launches airdrop claim; Paradex XP holders are eligible; claim closes in ~2 weeks.

ICYMI Opinion $OPN launches airdrop claim; Opinion points holders & Discord role holders are eligible; claim closes on June 5th.

ICYMI idOS $IDOS launches airdrop; tokens already distributed, claim not required; idOS points holders are eligible.

ICYMI Avantis $AVNT launches airdrop #2 claim; allocation split into 4 equal tranches (25% each), each with 24-hour claim window; Avantis Season 3 Points holders are eligible.

ICYMI Mezo $MEZO to launch TGE & airdrop claim soon; airdrop allocation checker is already live; Mezo Mats (points) holders & Mezo Bitcoin borrowers were eligible to register.

ICYMI Reya $REYA teases "airdrop claim loading ▓▓▓▓▓▓▓░░░░░░ 51%" on X; to launch airdrop soon; 45% of REYA token supply is allocated for the community.

Finance News


US President Trump says war with Iran will end "soon"; preparing for "at least" two more weeks of strikes; Iran reportedly announced their requirements for potential ceasefire.

• ⭐️ US Oil Prices rise back above $90/barrel as Iran war continues; Iran reportedly warns that they will drive oil prices to $200/barrel; Polymarket projects 4% chance oil will reach $200 by March 31st.

US to release 172M barrels of oil from Strategic Petroleum Reserve & IEA to release 400M barrels of oil reserves in an effort to lower oil prices; President Trump also reportedly prepares to invoke Defense Production Act to renew oil production off California coast.

US February CPI inflation remains at 2.4%, in-line with expectations of 2.4%; US Core CPI inflation was 2.5%, in-line with expectations of 2.5%.

US CFTC & SEC enter Memorandum of Understanding (MOU) to "guide coordination and collaboration between the two agencies to support lawful innovation, uphold market integrity, and ensure investor and customer protection."

US President Trump administration reportedly prepares Executive Order to "weed out" Anthropic; recently designated supply chain risk; notably, Microsoft $MSFT filed a formal amicus brief in support of Anthropic.

Nvidia $NVDA to reportedly launch open-source AI agent platform 'NemoClaw'; designed for use in enterprise environments; additionally, invests $2B in AI cloud provider Nebius Group $NBIS.

META $META acquires Moltbook, a social network for AI agents, for an undisclosed amount; co-founders Matt Schlicht & Ben Parr to join Meta Superintelligence Labs.

Oracle $ORCL Q3 FY2026 Earnings: $17.2B in revenue (+7% QoQ, +22% YoY), beating expectations; EPS of $1,79 (-21% QoQ, +22% YoY), beating expectations.

Polymarket partners with Palantir $PLTR to develop AI monitoring tool for sports prediction markets; to monitor trades, screen prohibited users, enable compliance reporting, and detect anomalies in real time.

Security and Exploits


Microsoft releases new Windows security update patching 84 vulnerabilities; includes two zero-days.

• ⭐️ Aave $AAVE suffers oracle glitch causing $26M in unfair liquidations; team to use 141.5 ETH recovered from the incident and up to 345 ETH from the DAO treasury to reimburse affected users.

Ledger Donjon discloses uncovering vulnerability in Android phones using MediaTek processors that enabled device PINs & wallet seed phrases to be extracted; MediaTek released a patch on January 5th.

Trust Wallet $TWT launches Address Poisoning Protection feature; checks destination address against database of known scam & lookalike addresses; currently supports 32 EVM chains with more coming soon.

BONK[.]fun $BONK domain compromised after hackers hijack team account; team advises users to avoid interacting with the website until secured.

Cosmos $ATOM discloses recent CosmosEVM vulnerability caused by "incorrect state handling during nested EVM execution paths involving the ICS20 precompile"; releases permanent patch.

Bubblemaps $BMT launches support for Aptos $APT; users can spot whales, insiders, and wallet clusters.

Wintermute warns of fake Wintermute employee accounts on X sending messages and spoofing Wintermute[.]com emails; advises legitimate team members have verified Wintermute badges on X.

India CBI arrests Ayush Varshney, co-founder & CTO of Darwin Labs, for role in $790M GainBitcoin ponzi scheme; allegedly developed the core infrastructure for the scheme in 2015.

French Couple forced to transfer $1M in Bitcoin $BTC during home invasion; attackers posed as police officers; notably, Binance's France CEO was recently targeted in a home invasion attempt.

Token Unlocks


• Aptos $APT / ~$11M / MAR 12th
• Starknet $STRK / ~$5M / MAR 15th
• Sei $SEI / ~$3.5M / MAR 15th
• Arbitrum $ARB / ~$9M / MAR 16th
Sourced from Tokenomist


Funding


Founders Fund reportedly raises $6B for Founders Fund Growth IV.

Kled AI raises $5.5M in Seed funding from several investors.

General Tensor raises $5M in Pre-Seed & Seed funding from several investors.

Ubyx raises an undisclosed amount in Strategic funding from BitGo $BTGO.

Immunefi $IMU raises an undisclosed amount in strategic funding from Anchorage Digital.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Morpho V1 logoMorpho V1 (Ethereum)SKYMONEYUSDTRISKCAPITAL7009.88%
Merkl logoMerkl (Hyperliquid L1)USDT55.34%
Altura logoAltura (Hyperliquid L1)USDT019.11%
Wildcat Protocol logoWildcat Protocol (Ethereum)HALALUSDTUSDT18.50%
Mainstreet logoMainstreet (Ethereum)MSUSD18.08%
Indigo logoIndigo (Cardano)IUSD17.96%
YO Protocol logoYO Protocol (Base)USDC17.35%
MORE Markets logoMORE Markets (Flow)PYUSD016.17%
. . .
. . .

That’s it for today’s edition! See you soon.

Reply

or to participate.