TLDR:
- Cypherpunk surges 439% with rebrand to focus on Zcash and privacy.
- Leap Therapeutics rebrands to Cypherpunk Technologies, eyeing digital assets.
- Cypherpunk pivots to Zcash as cornerstone of privacy-focused strategy.
- New leadership takes Cypherpunk to the forefront of privacy and crypto.
- Cypherpunk’s $58M investment aims to dominate digital asset privacy with Zcash.
Leap Therapeutics, Inc. (Nasdaq: LPTX) has surged by 439.43%, reaching a price of $2.3818 per share.
Leap Therapeutics, Inc., LPTX
The spike follows the company’s announcement of a major rebrand, shifting its name to Cypherpunk Technologies Inc. Along with the rebranding, Cypherpunk revealed a strategic move to accumulate Zcash’s native cryptocurrency, ZEC. The company’s new focus on digital assets aligns with its broader vision for privacy and self-sovereignty in an increasingly digital world.
Rebranding and New Leadership at Cypherpunk Technologies Inc.
On November 13, 2025, Cypherpunk Technologies will begin trading under the ticker symbol CYPH, marking the official name change from Leap Therapeutics. The rebrand aligns with the company’s strategy to position itself as a leader in digital asset management, focusing on Zcash as its cornerstone investment. The company also announced the appointment of Khing Oei as Chairman of the Board and Will McEvoy as Chief Investment Officer.
The leadership change represents a significant step in Cypherpunk’s transition towards digital asset treasury management. Oei brings extensive experience in investment and finance, having led multiple successful ventures in the hedge fund and asset management sectors. McEvoy’s expertise in crypto and frontier technologies further strengthens the company’s strategy to establish long-term value through its holdings in Zcash.
Cypherpunk Technologies Shifts Focus to Zcash and Privacy
Cypherpunk Technologies intends to use the funds raised from its $58.88 million private placement to purchase and hold Zcash (ZEC). The company has already acquired 203,775.27 ZEC at an average price of $245.37 per coin. Zcash is a privacy-focused cryptocurrency, and Cypherpunk sees it as a crucial asset for ensuring financial privacy in an increasingly transparent digital landscape. The company believes Zcash’s advanced cryptographic protocols, including zk-SNARKs, provide unmatched privacy for financial transactions.
As part of its rebranding strategy, Cypherpunk emphasizes the importance of privacy in the modern world, asserting that privacy is fundamental to the exercise of freedom. Cypherpunk believes that Zcash’s selective transparency feature allows users to conduct transactions securely without revealing sensitive information. With the support of Winklevoss Capital, the company plans to further enhance its digital asset holdings and expand its participation in the Zcash ecosystem.
Cypherpunk’s vision extends beyond the accumulation of Zcash. The company is focused on integrating privacy technology into its operations, while continuing its cancer treatment developments through its therapies, sirexatamab and FL-501. This dual focus aims to bring value to shareholders while promoting privacy as an essential component of a free society.
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