The timing of the resignations was critical. They followed decisions within Zcash’s management that effectively restricted ECC’s working and decision-making scope, causing delayed but sharp investor confidence losses.

Mass Resignation at ECC and Behind-the-Scenes Tension

ECC CEO Josh Swihart confirmed all employees left the company, avoiding the term “voluntary departure.” He described the event as a constructive dismissal. Conflicts with the Bootstrap board made the company’s founding mission and employment terms unsustainable.

Despite leaving, the team is not entirely gone. The developers announced they are forming a new company with the same mission. Swihart emphasized “same team, same mission,” but the statement did not fully alleviate market uncertainty. The issue centers on governance, not the code itself.

Market Impact Extends Beyond ZEC

ZEC lost over 7% in the last 24 hours, reflecting quickly spreading risk perception. Simultaneously, other altcoins fell sharply. Brev dropped 25% to $0.39, Broccoli74 fell 25% to $0.02771, and Jasmy lost 13% to $0.00831. Bitcoin retreated to $89,641. Smaller projects such as Hajimi, CLASH, and TBK saw losses between 15–20%. Bitcoin’s pullback created a broader altcoin selling wave, with ZEC feeling it more acutely due to the governance crisis.

This pattern shows investors are sensitive not just to a single project but to broader governance and sustainability risks. In projects where leadership and decision-making become unclear, selling pressure intensifies quickly.

Privacy Debate Resurfaces

Zcash is known for zero-knowledge proofs that allow private transactions. Yet this privacy feature has long been debated in crypto. Founding member Eli Ben-Sasson recalled telling Michael Saylor that Bitcoin privacy features were largely unnecessary. Despite the decline, ZEC remains one of the most robust privacy coins, highlighting the gap between technical value and governance practices.

Institutional Interest Continues Amid Timing Sensitivity

Despite the governance crisis, the institutional outlook remains cautiously positive. In late 2025, Grayscale filed to convert Zcash Trust into a spot ETF. Arthur Hayes ranked ZEC as the second-most liquid asset in his family office portfolio and maintained a bullish price view.

Reliance Global Group consolidated its entire digital asset treasury into ZEC, while Cypherpunk Technologies raised $29 million to develop a Zcash treasury strategy. However, these developments alone do not provide clear direction to the market amid ongoing governance uncertainty.

Zcash’s technical infrastructure remains operational; however, the project’s direction is now determined by decision-makers rather than code. In the coming period, it will be governance decisions rather than price charts that shape market movements.

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The post Why ZEC Price Is Falling? General Altcoin Losses appeared first on Coin Engineer.

The project reportedly involves around 1.7 million users and 40,000 communities.

Team – Founders

• Dillon Chen – Founder

• 0xmullet – Head of Growth

The team previously developed the Commonwealth governance platform, used by over 300 projects with approximately $18 billion in token value. The company is registered in Delaware, USA, and aims to gradually decentralize governance into a DAO.

Investors & Notable Partnerships

• Investors include Dragonfly Capital and other crypto-focused firms.

• Integrations: Uniswap, Farcaster.

Project Concept

Common brings communities, developers, and AI agents together, converting every action—posts, transactions, votes—into a reward loop.

• Loops: Actions like forum posts, on-chain transactions, or AI-assisted tasks trigger rewards.

• Customization: Communities can create their own loops with rules, rewards, and durations.

• Platform: Available via common.xyz and integrated into EVM and other chains.

Governance & Token Function

• Token: COMMON

• Governance: Token holders can lock COMMON (veCOMMON) for voting and resource allocation.

• Incentives: Distributed to communities, participants, liquidity providers, and partners.

• DAO Treasury: Supports ecosystem growth and funding.

Loops Features

• Actions: Forum posts, on-chain activities, voting, AI tasks.

• Rewards: Weekly or recurring pools, tiered prizes.

• Hooks: External contracts, token-holder conditions, or user restrictions.

Roadmap

• FLY (Q4 2025): Incentives, EVM chain deployment, Common.xyz integration, Smart Accounts, token swaps, and buybacks.

• LAUNCH (Q1 2026): Multi-chain expansion (Base → Solana), governance delegation, SDK integrations (Farcaster, Discord).

• ESCAPE (Q2 2026): AI agent stores, community learning, decentralized loops, and agent economy launch.

Token Launch & Trading

• Binance Alpha Launch: October 27, 2025, 12:00 UTC (~15:00 Turkey time)

• COMMON will be tradable on centralized exchanges with liquidity provided.

Token Use Cases

• Governance: veCOMMON locking → voting rights

• Participation rewards: forum, on-chain actions, community events

• Liquidity providers and partners incentives

• DAO treasury and developer rewards

Tokenomics

• Genesis Supply: 10,000,000,000 COMMON

• Max Supply: 12,410,000,000 COMMON

• Circulating Supply: 2,330,000,000 COMMON

• Inflation: ~5% early years, ~2% later, reaching max supply in ~7 years

Distribution

• Community Retrodrop: 4.2%

• Contributors & team: subject to vesting

• Investors: Seed & Series A

• Market makers & liquidity providers

• DAO Treasury & Ecosystem Fund

• Annual inflationary issuance

Features & Tools

• Loops: Customizable reward cycles for actions

• Launchpad: Integrated liquidity and ERC20 creation

• Governance Center: veCOMMON portal

• Community Forums: Discovery and coordination

• AI Agents: Can participate, code, suggest, and earn rewards

Ecosystem Scope

• Supports Ethereum, BNB Chain, Optimism, Solana, Arbitrum
• Integrations: Uniswap, Aave, Farcaster
• Use cases: DeSci, Gaming, Memecoin, RWA, NFT
• Infrastructure: Chainlink, The Graph

Official Links

• Website
• Twitter
• Telegram
• Discord

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Team and Founders

The project is managed by the Electroneum Team. Richard Ells is the founder and CEO of Electroneum. 

Project Concept

Electroneum aims to make cryptocurrency accessible for everyday use. This is achieved through a fast, energy-efficient blockchain infrastructure offering ultra-low gas fees and 5-second transaction finality. The project creates real-world utility by enabling unbanked users to earn ETN through platforms like AnyTask.com. 

How the Project Works 

• IBFT Consensus Mechanism (Istanbul Byzantine Fault Tolerance) 
• Single block proposal completes transactions in 5 seconds 
• Validator leadership rotates over time to enhance security 
• Block approval requires supermajority 

Validator System 

• Initially launched with NGOs and foundations (Proof of Responsibility) 
• After the 2024 Aurelius update, universities and Web3 companies joined 
• Low energy consumption and environmentally friendly structure 

AnyTask Platform 

• Serves over 20,000 vendors in 140 countries 
• Users without bank accounts can receive payments in ETN 

Governance

Electroneum promotes decentralized decision-making through On-Chain Governance features: 

• Participants: All ETN holders can participate 
• Voting Power: Proportional to held or staked ETN 
• Proposal Types: Community proposals include network changes, protocol upgrades, treasury allocation, and validator management 
• Approval Mechanism: Minimum quorum (e.g., 10% of circulating ETN) and supermajority (e.g., 66%) required 
• Incentives: Small voting rewards to encourage participation 

Roadmap 

• 2021: Proof of Responsibility (PoR) consensus launched for energy efficiency 
• 2024: Electroneum Smart Chain Testnet released with smart contract support 
• 2025: Electroneum Smart Chain launched, fast and low-cost Layer 1 blockchain 
• Future: Permissionless validator system, advanced consensus, and on-chain governance 

Token Use Cases 

• AnyTask Payments: Payment and earnings on freelance platform 
• Mobile Payments: Integrated with mobile app for airtime, data, and services 
• Network Security (Warranting): Validators stake tokens for network security 
• Governance Voting: Vote on network proposals 
• Transaction Fees: Gas fees paid in ETN 

ETN Token

Electroneum (ETN) is the native cryptocurrency of the Electroneum blockchain. It supports platform functions and is designed for mobile transactions, digital payments, and freelance earnings. ETN offers a low-cost, fast, and energy-efficient payment method. 

ETN Minting and Burning 

• Minting: New ETN is produced through block rewards; users cannot manually create tokens 
• Burning: A portion of transaction fees is permanently burned to prevent manipulation 

Token Information 

• Symbol: ETN 
• Max Supply: 21 Billion ETN 
• Circulating Supply: ~18 Billion ETN 
• Type: Native token of Electroneum Smart Chain 

Token Distribution 

• ICO: Initial funding via 2017 ICO 
• Emission Reduction: September 2021 hard fork reduced block reward by 75% 
• New Distribution: Tokens mainly managed via Treasury Contract supporting validators and community initiatives 

Electroneum (ETN) Features 

• EVM Compatibility: Fully compatible with Ethereum Virtual Machine 
• Security: High security with IBFT consensus 
• Speed: 5-second transaction finality 
• Cost Efficiency: Ultra-low transaction and smart contract fees 
• Sustainable Infrastructure: Environmentally friendly and energy-efficient 

Ecosystem 

• AnyTask Platform: Provides income opportunities for unbanked users 
• Mobile App: User-friendly wallet for payments 
• Smart Contract Integration: Special contracts for validator management, governance, and treasury 
• Eco-Friendly Focus: PoR consensus consumes far less energy than PoW 

Official Links 

• Website
• Twitter
• Telegram

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Another key aspect of the platform is its encouragement of developers through hackathons and community events, expanding blockchain technology’s applications. 

Team and Founders 

Ergo was founded in 2019 by leading blockchain developers and crypto pioneers. 

• Alex Chepurnoy: Co-founder of the original smartcontract.com (later Chainlink) team and core developer of the NXT platform. 
• Dmitry Meshkov: Experienced developer in blockchain and cryptographic solutions. 

The team has a strong academic background in cryptography, compiler theory, and blockchain technologies. 

Investors and Partnerships 

Ergo adopted a fair launch model instead of centralized investors or an ICO. Its growth is supported by the Ergo Foundation through a treasury system. In the first 2.5 years, the treasury accumulated 4,330,791.5 ERG (4.43% of max supply). 

Highlighted collaborations:

• Crux Finance – portfolio management and DeFi interaction tool 
• Paideia DAO – decentralized governance framework 
• Rosen Bridge – cross-chain asset and data bridge 
• Cardano and Zelcore ecosystem ties 

Governance 

• Ergo operates with a community-driven and decentralized governance model: 
• Paideia DAO – evaluates and approves proposals 
• Sigmanauts Program – incentivizes mining pool and network participation 
• Hackathons – integrate community-driven innovations 

Roadmap 

• 2019: Genesis year, platform launch 
• 2020: Infrastructure development, Foundation setup 
• 2021: Ecosystem and community expansion 
• 2022: Technical upgrades, Sigma protocols, Autolykos improvements 
• 2023: DeFi applications, sidechain integrations 
• 2024+: Layer-2 scaling, advanced DeFi tools 

What is ERG Coin? 

ERG is the native cryptocurrency of the Ergo blockchain, powering transactions, smart contracts, and network security. With a capped supply of 97,739,924 ERG, it is inherently deflationary. 

Tokenomics 

• Name: ERG 
• Total Supply: 81.99M ERG 
• Max Supply: 97.73M ERG 
• Circulating Supply: 81.99M ERG 

Distribution

• 95.57% Public Allocation – distributed through mining 
• 4.43% Foundation Treasury – 4,330,791.5 ERG reserved for ecosystem growth 

Additional details: 

• 93.4M ERG distributed across ~2.08M blocks as mining rewards 
• Treasury release capped at 10% of circulating supply over 2.5 years 

Ergo Foundation 

The Foundation ensures sustainable growth, supports ecosystem projects, promotes social impact use cases, and strengthens decentralization. It manages 4.43% of ERG emission with transparent reporting. 

ERG Utility 

• Transaction fees 
• Mining rewards 
• Collateral in DeFi 
• Storage rent for inactive UTXOs 
• Governance participation 

Tokenomics Highlights 

• Fixed capped supply → deflationary model 
• Extended emission schedule (EIP-27) → mining sustainability 
• Fair launch → no ICO or presale 
• Storage rent → sustainable blockchain design 

Technology and Features 

• eUTXO Model – advanced version of Bitcoin’s UTXO model, enabling privacy and scalability 
• Autolykos Algorithm – ASIC-resistant, GPU-friendly PoW mining 
• NiPoPoWs – efficient blockchain validation with minimal data 
• Sigma Protocols – zero-knowledge proofs for secure contracts 
• ErgoScript – high-level declarative smart contract language 
• Storage Rent – keeps blockchain lightweight and efficient 

Ecosystem (Sigmaverse) 

• DEXs – ErgoDex, ErgoAuctionHouse for peer-to-peer trading 
• Stablecoins – SigmaUSD with Djed protocol 
• Lending & Borrowing – SigmaFi, Duckpools 
• Privacy Tools – ErgoMixer for non-custodial mixing 
• Cross-chain Bridges – Rosen Bridge to Cardano, Bitcoin 
• Wallets & Tools – Nautilus, Minotaur, Satergo, Crux Finance 

Official Links 

• Website
• Twitter
• Telegram

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61,000 BTC Seized in Ponzi Scheme Investigation

According to The Telegraph, the UK’s Home Office, in collaboration with law enforcement, is working toward selling a large crypto reserve seized from criminal activity. A major portion of the stockpile — 61,000 Bitcoin — was confiscated from a Chinese Ponzi scheme operating in the UK in 2018.

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A woman linked to the case was sentenced to over six years in prison in 2024 for laundering 150 BTC. Although victims are demanding the return of the funds, the Crown Prosecution Service has petitioned the High Court to retain the seized BTC and transfer the funds to the Treasury after liquidation.

Chancellor Eyes Crypto Sale Amid Budget Gaps

The move has reportedly gained the attention of Chancellor of the Exchequer Rachel Reeves. Facing a substantial budget shortfall, Reeves said in April that she supports working with the United States to establish clearer regulatory frameworks for crypto assets.

“Robust rules around crypto will boost investor confidence, support the growth of Fintech, and protect people across the UK,” Reeves previously stated.

As part of the effort, a police-owned procurement company, BlueLight Commercial, issued a $53.7 million tender for a centralized system to securely store and sell seized crypto. However, no qualifying bids have been accepted so far.

Legal Delays May Stall Liquidation Timeline

The greatest challenge remains the legal clearance process. According to the tender documents, the average time from seizure to sale of digital assets is about one year — but for complex cases, it may stretch to three or four years. Therefore, despite forward steps, the actual sale could face significant delays.

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