[ZKsync Founder Proposes Using Network Revenue to Buy Back and Burn ZK Tokens] ZKsync founder Alex released the 'ZK Token Proposal Part I,' proposing an update to the ZK token economic model. The core mechanism involves using all network revenue to buy back and burn ZK tokens. Alex stated that in the future, ZK tokens will have actual value capture functionality, with network revenue being used for token buybacks and burns, staking rewards, and ecosystem development funds. This initiative aims to link the value of ZK tokens to network usage, driving ZKsync toward a sustainable economic system.

[Cryptocurrency Market Trading Sentiment Remains Low, Experts Warn of Correction Risk] The cryptocurrency market is affected by multiple bearish factors, with trading sentiment remaining low. Experts previously warned of a potential 10%-15% correction risk in the market.

The proportion of Zcash encrypted addresses has reached 25%, indicating the widespread adoption of privacy features. The Zashi wallet has set encrypted transfers as the default option, further promoting the use of privacy coins. Zcash has now surpassed Monero to become the leading privacy coin. （CoinDesk）

Standard Chartered Bank announced plans to officially launch a comprehensive Bitcoin custody service in January 2026 to meet the demand of institutional investors for cryptocurrency assets. （Bitcoin Archive）

[Bitcoin Perpetual Contract Longs Monthly Funding Drops to $127 Million] According to glassnode data, the monthly funding rate paid by the long side in Bitcoin perpetual contracts has dropped by approximately 62%, from $338 million in mid-August to the current $127 million. This reflects a significant decline in speculative interest, as traders' willingness to pay interest to maintain long positions has weakened.