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Zcash (ZEC) Surges, Leap Therapeutics (LPTX) Jumps on Winklevoss-Backed Digital Asset Treasury

Zcash (ZEC) has experienced significant growth, while Leap Therapeutics (LPTX) saw its shares soar by 369% after announcing a $50 million investment in Zcash. The tokens were purchased at an average price of $245.37 and have since more than doubled in value. This move follows Leap Therapeutics' pivot from an oncology biotech firm to a digital treasury company, now rebranding as Cypherpunk Technologies with the ticker changing to CYPH. The chief investment officer of Cypherpunk emphasized a strategy of attracting long-term investors who recognize the importance of Zcash and privacy amidst surveillance-driven financial systems. Meanwhile, ZEC has been one of the few cryptocurrencies to rise in value recently, reflecting the ongoing interest in digital asset treasuries, a concept gaining traction as companies explore new fundraising strategies by accumulating cryptocurrencies.

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