News linked to both this project and an event.
On-chain analyst ZachXBT (@zachxbt) disclosed that the recently launched 10K PFP NFT project zkSNARKs on the Zcash chain is allegedly a rug pull. The project attracted a total of 16,971 bids via a blind auction, ultimately completing the allocation of 8,000 items at a clearing price of 1.5 ZEC (approximately $2,190). Total trading volume reached 25,305 ZEC (approximately $36.94 million), and refunds totaling 13,309 ZEC (approximately $19.43 million) have been progressively returned. ZachXBT noted that the project raised approximately $17 million, while incorporating a 10% team allocation, 5% royalties, and a minting fee of around $2,000, yet offered zero utility. This mirrors the typical "rug pull" strategy commonly seen in Ordinals-style projects.
Odaily News: Bitcoin's BIP-110 will enter the enforcement phase after block 961,632, where nodes will reject blocks that do not signal support. Monitoring page data shows that among the 1,674 blocks counted in the current cycle, only 41 blocks support BIP-110, putting the miner signal support rate at 2.45%. BIP-110, officially named "Reduced Data Temporary Softfork," plans to tighten certain data rules in Bitcoin transactions within approximately one year, restricting the size of certain data elements used by Ordinals inscriptions and multiple token protocols. The proposal is primarily distributed through Bitcoin Knots, and Bitcoin Core has not adopted it. Major mining pools such as Foundry, Antpool, F2pool, and Viabtc have not issued support signals. If BIP-110 nodes execute as planned, the network could see two transaction histories, with the majority of miners and Bitcoin Core users expected to continue using the existing rules. Australian Bitcoin exchange Hardblock stated that BIP-110 activation is expected around August 7-8 and may temporarily suspend buying, selling, deposits, and withdrawals. Lightning Network tools and analytics provider Amboss has warned of a fork risk in early August, and Australian Bitcoin exchange Bitaroo plans to freeze deposits and withdrawals as the mandatory signaling deadline approaches.