Zcash Surges Past $500: Winklevoss Twins Launch Cypherpunk Treasury

Zcash has surged past $500 despite broader selloffs, with the Winklevoss twins unveiling Cypherpunk Technologies, a digital asset treasury focused on Zcash accumulation. Cypherpunk raised $58.9 Mn and purchased 203,775 ZEC, worth around $100 Mn, and plans to acquire at least 5% of Zcash's total supply. ZEC's price jumped 6.8% on November 13, making it the 26th-largest crypto asset with a market cap of $8.8 Bn.