Altcoin News

Zcash Proposes New Shielded Pool. ZEC Price Rises on June 8

Nana K.
8 June 2026 2 min read

Zcash developers are considering launching a new shielded pool to restore trust in the project after a critical vulnerability was discovered in the existing Orchard pool.

Shielded Labs is studying a proposal that includes creating a new pool and implementing a mechanism called turnstile accounting. This would allow any user running a full node to independently verify that Zcash (ZEC’s) supply remains correct and that no counterfeit coins are circulating in the network.

Hot topic: Bitcoin Bear Market Losses Put BTC’s Bottom Case to Test

Zcash Open Development Lab founder Josh Swihart said the new pool could be included in the NU7 upgrade, scheduled for late July. However, a final decision has not yet been made. The proposal is still in the early discussion phase. Shielded Labs plans to publish a detailed analysis next week.

Contents
  1. 1.How the Crypto Community Reacted to Zcash's Problems
  2. 2.Zcash's Long-Term Plans

How the Crypto Community Reacted to Zcash’s Problems

After the vulnerability was disclosed, ZEC$455.78 dropped sharply but then recovered quickly. The token has gained back 45% from its low of around $300. At the time of publication, ZEC trades at approximately $425, up about 6% over the past 24 hours.

Read more: Best Privacy Coins 2026 — Why Monero, Zcash & DASH Are Making a Comeback

ZEC Price Movement Over the Last 24 Hours, as of June 8, 2026. Source: CoinGecko.
ZEC Price Movement Over the Last 24 Hours, as of June 8, 2026. Source: CoinGecko.

Major investors have shown support for the project. Dragonfly founder Hasib Qureshi confirmed that the venture firm remains a ZEC holder. Earlier, BitMEX co-founder Arthur Hayes sold his position.

Zcash’s Long-Term Plans

Developers emphasize the importance of formal verification of code and cryptographic schemes. According to cryptographer Sean Bowe and 1kx partner Wei Dai, this is the only reliable long-term solution to minimize the risk of similar vulnerabilities in the future.

Learn more: Zcash vs Bitcoin in 2026 — Is Zcash a Better Privacy Coin Than Bitcoin for Investors?

Nana K.

Crypto journalist and content creator specializing in market analytics, regulatory developments, and the social impact of cryptocurrency. With experience at BeInCrypto and Cointelegraph, she covers both breaking news and creative…