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Techub News reported that Succinct, a ZK proof software, announced via tweet that its zero-knowledge virtual machine (zkVM), SP1 Hypercube, has officially launched on the mainnet. SP1 Hypercube is a zkVM that has completed formal verification for all 62 RISC-V opcodes. With SP1, developers can write ordinary code in languages like Rust to create provable programs.
Techub News reports that Upbit will list ZK Korean Won, Bitcoin, and USDT trading pairs at 19:30 Hong Kong time today.
Techub News, Vitalik tweeted that ZK itself cannot provide "coercion-resistance", and in scenarios such as voting, it needs to be combined with trusted parties, MPC, FHE, or TEE to achieve this. He added that adopting a layered architecture of ZK + FHE can enhance system security; even if FHE is compromised, privacy properties other than "coercion-resistance" can still be preserved. He emphasized that "similar situations may also apply to most cryptographic application scenarios beyond zero-knowledge proofs".
Techub News, The ZK Nation community has released ZIP-14, proposing an upgrade of the ZK token contract to ZKTokenV3. It introduces three new features: "Public Burning" (any token holder can permanently burn their own tokens); addresses with the BURNER_ROLE can burn tokens from designated accounts; and the maximum supply of 21 billion ZK is made public and enforced at the time of minting. The proposal also intends to grant the BURNER_ROLE_ADMIN to the Protocol Governor Timelock to align with ZKnomics supply management and subsequent fee switch design. The voting window will open in mid-November, with specific details subject to the governance portal.
Techub News reports that ZKsync has partnered with five US regional banks, Huntington Bank, First Horizon, M&T Bank, KeyBank, and Old National, to jointly develop the tokenized deposit network Cari Network. This network is based on Matter Labs' Prividium platform, utilizing a privacy-preserving permissioned blockchain infrastructure. Cari Network is positioned as a secure and compliant tokenized deposit system, where deposits are directly treated as bank liabilities and are eligible for FDIC insurance. Its goal is to bring the $8.3 trillion in assets held by regional banks on-chain, enabling 24/7 programmable digital currency services.
Techub News reports, according to CryptoSlate, the Ethereum Foundation recently informed developers that it will shift its ecosystem development focus from pursuing speed to security, and plans to promote zkEVM to meet a minimum 128-bit security strength standard by 2026. The Foundation warned that without formally verified reliability, attackers could potentially rewrite on-chain states, turning "high-performance proofs" into risk points instead. The Foundation also stated that it will subsequently provide security review and assessment tools, and while advancing scaling, will prioritize strengthening formal verification and anti-attack capabilities.
Techub News reports that ZKsync plans to discontinue support for ZKsync Lite (i.e., ZKsync 1.0)—the first ZK-rollup launched by ZKsync on Ethereum—in 2026. For now, operations continue as usual, and no immediate action is required; ZKsync Lite will continue to function normally. Funds remain secure, and withdrawals to L1 will continue to be supported throughout the deprecation process. ZKsync will announce a detailed deprecation plan within the next year and will soon release specific details, timelines, and migration guidance.
Techub News, [TPP-12] The ZKnomics token staking proposal has passed. Proposed by Dennison (Tally), it aims to pilot a 6-month ZK token staking rewards program with a total reward cap of 37.5 million ZK (approximately $1.9 million). Staking participants can receive up to a 10% annualized return. The program will be deployed via Tally's smart contracts and conducted over two seasons, with 10 million ZK and 25 million ZK allocated as rewards for each season respectively. While staking tokens, users can also delegate voting rights, with no lock-up period required. The proposal plans to launch the first staking season in December 2025, and the program's execution will be overseen through ZKsync governance.
Techub News: In an article titled "Ethereum Now Becomes ZKsync's Primary Capital Hub" posted on platform X, Alex, co-founder of ZKsync, stated that the ZKsync Atlas upgrade has achieved a transaction speed of over 15,000 TPS, a 1-second ZK finality time, and near-zero fees. The true significance of Atlas lies in: For the first time, L2 systems can directly leverage Ethereum as a real-time liquidity hub for institutional capital; Ethereum becomes the capital hub. Vitalik Buterin, co-founder of Ethereum, reposted the article and commented that ZKsync has done a lot of underappreciated yet highly valuable work within the Ethereum ecosystem. He expressed excitement about their launch of this product.
Techub News, the privacy protection protocol zkPass has announced its token economics. The ZKP token is based on the ERC-20 standard, with a total supply of 1 billion tokens. Token functions include settlement medium, validator collateral, network points, service access, and cross-system verifiability and governance. Regarding token allocation and unlock schedule: Community accounts for 48.5% (12.5% unlocked at TGE, 6% linearly released over the first 3 months, followed by 30% released monthly over the next 5 years); Early investors account for 22.5% (linearly released over 18 months after a 12-month lock-up period); Core contributors account for 14% (linearly released over 24 months after a 24-month lock-up period); DAO Treasury accounts for 10% (linearly released over 5 years); Liquidity accounts for 5% (100% unlocked at TGE).
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