ZEC Rises 9.28% in 24 Hours as Privacy-Oriented Treasury Debuts
- Cypherpunk Technologies established a $50M Zcash (ZEC) treasury, acquiring 1.25% of total supply via $58.88M private placement led by Winklevoss Capital. - CEO Douglas Onsi emphasized long-term Zcash commitment, with plans to accumulate up to 5% supply while transitioning to Nasdaq listing (CYPH ticker). - Tyler Winklevoss called Zcash "encrypted bitcoin ," highlighting privacy features as complementary to Bitcoin amid rising demand for confidential transactions. - ZEC surged 9.28% in 24 hours, reflectin
As of November 15, 2025,
Cypherpunk Technologies, formerly known as Leap Therapeutics, has made a significant move to reshape its corporate direction by creating a $50 million
Douglas E. Onsi, who serves as CEO of
Tyler Winklevoss, Gemini’s co-founder, referred to Zcash as “encrypted
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