Zcash Ironwood Upgrade Goes Live, Seals Orchard Pool After Counterfeiting Flaw

tags. Also meta description. Let's do the translation carefully. Title: "Zcash Ironwood升级正式上线，封存Orchard池以修复伪造漏洞" or something. We'll use "Zcash Ironwood升级上线，封存Orchard池以修复伪造漏洞" but the original says "Seals Orchard Pool After Counterfeiting Flaw" - we can say "在伪造漏洞后封存Orchard池" but "以修复" might be better. We'll decide. Content: We'll translate each paragraph. First paragraph: "Zcash activated its Ironwood network upgrade on July 28, permanently sealing the Orchard shielded pool and replacing it with a new pool under NU6.2 rules. The move comes two months after a critical counterfeiting vulnerability was discovered in Orchard — a flaw that could have allowed an attacker to mint unlimited ZEC inside the private pool. While developers say exploitation was improbable and no evidence of supply manipulation has surfaced, the market has yet to fully trust the fix." Translation: "Zcash于7月28日激活了Ironwood网络升级，永久封存了Orchard屏蔽池，并在NU6.2规则下用新池替换了它。此举是在Orchard中发现严重伪造漏洞两个月后进行的——该漏洞可能允许攻击者在私有池中铸造无限量的ZEC。尽管开发者表示利用该漏洞的可能性不大，且没有出现供应操纵的证据，但市场尚未完全信任这一修复。" Second paragraph: "Taylor Hornby found the bug on May 29. It allowed a crafted proof to create counterfeit ZEC within Orchard's shielded environment. Shielded Labs later reproduced the exploit in a local test. Because Orchard's privacy design prevents cryptographic reconstruction of past transactions, there's no way to know if anyone abused the hole before it was patched. The Zcash community reported no evidence of altered supply or user losses, but the disclosure still hit prices hard. ZEC dropped from roughly $624 to $309 in the 48 hours after the news broke." Translation: "Taylor Hornby于5月29日发现了这个漏洞。它允许精心构造的证明在Orchard的屏蔽环境中创建伪造的ZEC。Shielded Labs随后在本地测试中复现了该漏洞。由于Orchard的隐私设计阻止了对过去交易的密码学重建，因此无法知道是否有人在漏洞修补之前利用了它。Zcash社区报告称没有证据表明供应量改变或用户损失，但披露仍然严重打击了价格。消息传出后的48小时内，ZEC从大约624美元跌至309美元。" Third paragraph: "Ironwood's accounting rules are the key fix. They prevent any excess coins from continuing to circulate out of the old Orchard pool. From activation onward, holders get a verifiable supply ceiling — a hard cap that can be checked on-chain. User migrations from Orchard to the new Ironwood pool are visible, giving the network a transparent record of the transition. The upgrade effectively quarantines the old pool and starts fresh under stricter rules." Translation: "Ironwood的会计规则是关键修复。它们防止任何多余的币继续从旧的Orchard池中流通。从激活起，持有者获得可验证的供应上限——一个可以在链上检查的硬上限。用户从Orchard迁移到新的Ironwood池是可见的，为网络提供了透明的过渡记录。此次升级有效地隔离了旧池，并在更严格的规则下重新开始。" Fourth paragraph: "Market still skeptical" -> "市场仍持怀疑态度" "ZEC has been on a wild ride. On May 20, it surged 17% from $568 to $686 in six hours, triggering about $28 million in liquidations. But the gains didn't hold. The token reached $585.80 on July 15, then slid over 18% to $474 at publication. Open interest sits at $926.4 million, with 24-hour futures volume of $1.14 billion — about 12.7 times spot volume of $89.9 million. Over the past day, 53% of accounts were long and 47% short. That split suggests traders are betting on a rebound, but the price action says otherwise. ZEC trading below $500 signals the market still treats the Ironwood repair as unproven." Translation: "ZEC经历了剧烈波动。5月20日，它在六小时内从568美元飙升至686美元，涨幅17%，引发了约2800万美元的清算。但涨幅未能持续。该代币在7月15日达到585.80美元，随后下跌超过18%，至发稿时的474美元。未平仓合约达9.264亿美元，24小时期货交易量为11.4亿美元——约为现货交易量8990万美元的12.7倍。过去一天，53%的账户做多，47%做空。这种分化表明交易者押注反弹，但价格走势却表明并非如此。ZEC交易价格低于500美元，表明市场仍认为Ironwood的修复尚未得到证实。" Fifth paragraph: "What to watch" -> "值得关注的事项" "The bull case for ZEC hinges on continued Ironwood migration, expanding spot turnover, and a close above $500. Key resistance levels sit at $500, $530, $550, $585.80, and the $595-600 zone. Until the market sees on-chain proof that the new supply ceiling holds and that the old pool is truly inert, ZEC is likely to stay range-bound. The next few weeks of migration data will tell the story." Translation: "ZEC的看涨理由取决于Ironwood迁移的持续、现货成交量的扩大以及收盘价突破500美元。关键阻力位在500美元、530美元、550美元、585.80美元以及595-600美元区间。在市场看到链上证明新供应上限有效且旧池真正失效之前，ZEC可能仍将保持区间波动。接下来几周的迁移数据将揭示答案。" Meta description: "Zcash activated Ironwood on July 28, sealing the Orchard shielded pool after a critical counterfeiting flaw. ZEC remains below $500 as the market waits for proof." Translation: "Zcash于7月28日激活Ironwood，在严重伪造漏洞后封存了Orchard屏蔽池。由于市场等待证明，ZEC仍低于500美元。" Now we need to output JSON. Ensure proper escaping. We'll put the translated title, content (with HTML), and meta description. We need to preserve the HTML structure exactly, only translating the text content. So we'll keep

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tags. We'll also keep the original paragraph breaks. Let's assemble the content string. We'll write:

Zcash于7月28日激活了Ironwood网络升级，永久封存了Orchard屏蔽池，并在NU6.2规则下用新池替换了它。此举是在Orchard中发现严重伪造漏洞两个月后进行的——该漏洞可能允许攻击者在私有池中铸造无限量的ZEC。尽管开发者表示利用该漏洞的可能性不大，且没有出现供应操纵的证据，但市场尚未完全信任这一修复。

漏洞及其影响

Taylor Hornby于5月29日发现了这个漏洞。它允许精心构造的证明在Orchard的屏蔽环境中创建伪造的ZEC。Shielded Labs随后在本地测试中复现了该漏洞。由于Orchard的隐私设计阻止了对过去交易的密码学重建，因此无法知道是否有人在漏洞修补之前利用了它。Zcash社区报告称没有证据表明供应量改变或用户损失，但披露仍然严重打击了价格。消息传出后的48小时内，ZEC从大约624美元跌至309美元。

Ironwood带来的变化

Ironwood的会计规则是关键修复。它们防止任何多余的币继续从旧的Orchard池中流通。从激活起，持有者获得可验证的供应上限——一个可以在链上检查的硬上限。用户从Orchard迁移到新的Ironwood池是可见的，为网络提供了透明的过渡记录。此次升级有效地隔离了旧池，并在更严格的规则下重新开始。

市场仍持怀疑态度

ZEC经历了剧烈波动。5月20日，它在六小时内从568美元飙升至686美元，涨幅17%，引发了约2800万美元的清算。但涨幅未能持续。该代币在7月15日达到585.80美元，随后下跌超过18%，至发稿时的474美元。未平仓合约达9.264亿美元，24小时期货交易量为11.4亿美元——约为现货交易量8990万美元的12.7倍。过去一天，53%的账户