Company Actions - Cypherpunk Technologies purchased 203 thousand Zcash at an average price of $245 [1] - The company aims to accumulate Zcash up to 5% of the total supply [1] - An additional 850 thousand ZEC needs to be acquired to reach the 5% target [1] Market Impact - A NASDAQ-listed company treating privacy coins as treasury reserves permanently alters the liquidity profile [1] - Winklevoss facilitated direct block sales to Cypherpunk Technologies to minimize market impact [1] - The remaining 850 thousand ZEC acquisition will likely impact the market [1]

Financial Performance - Tether 持有 1810 亿美元资产 [1] - 高利率使 Tether 的 Treasury 储备金转化为超过 100 亿美元的利润 [1] Industry Dynamics - 评论员表示 Tether 现在的运作方式更像中央银行，而不是加密货币发行商 [1]