US Stock Market Moves: Cypherpunk Technologies Soars on October 2, Driven by Gemini Upgrade and Zcash Mining

Cypherpunk Technologies Rise Analysis on October 2

Keywords: Gemini upgrade, Zcash mining

1. On September 30, Gemini switched its Zcash system to the Zakura software in preparation for the planned NU7 upgrade; this upgrade aims to shorten the block generation interval from 75 seconds to 25 seconds, and Gemini is responsible for trading and custody of a portion of ZEC holdings for CYPH.

2. On September 22, the company disclosed that the Zcash mining farm had deployed 4.2GSol/s of computing power, generating 3,023.13 ZEC from August 18 to 31, which was recorded in the treasury, expanding its business from holding ZEC to mining and ecosystem participation.

3. On August 11, the company held 323,394.38 ZEC, with an average purchase price of $341.83, accounting for about 1.92% of the circulating supply of the Zcash network, forming a digital asset treasury scale.

(Disclaimer: This content was generated by AI technology based on publicly collected information and is for reference only; it does not constitute investment advice.)