Winklevoss-Backed Cypherpunk Raises Zcash Stake to $150M After $18M Buy

Buyers are targeting Gemini's closed European units to obtain regulatory licenses rather than pursuing a full-company takeover, a move that could speed market re-entry and preserve regulatory continuity.

Zcash rallied over 30% on April 8 to $336.50 following reports of a US–Iran ceasefire, hitting its highest level since January. The privacy-focused token was among the day's top-performing assets.

Microsoft announced a $10 billion investment to build AI infrastructure in Japan and named SoftBank and Sakura Internet as key partners; Sakura shares jumped 20.27% on Friday. The initiative is billed as a major expansion of local cloud capacity to support AI adoption across Japanese industry.

Korea Investment & Securities has entered preliminary talks to buy an equity stake in Coinone, South Korea’s third-largest crypto exchange, the Herald Economy reports. The potential tie-up highlights rising institutional interest from traditional brokers in the local crypto industry.

Zcash developers patched a critical node software flaw that could have allowed attackers to drain millions of ZEC from a legacy shielded pool. Operators and custodians are being urged to upgrade immediately and audit affected systems.