Arkham lets Zcash "privately run naked", why do Wall Street funds breathe a sigh of relief?

Arkham reverses the Zcash (ZEC) privacy myth. 53% of transactions were flagged but did not cause a crash. The market is revaluing the compliance value of "partial transparency."
(Preliminary summary: Arkham slaps Michael Saylor in the face: 87% of Strategy’s Bitcoin addresses have been found)
(Background supplement: Arkham launches a derivatives exchange! Early points can be airdropped to $ARK, which will benefit the 17% surge in the day)

The U.S. federal government is cracking down on gray assets through on-chain data. 127,000 BTC belonging to Chen Zhi of the Prince Group were confiscated, and Qian Zhimin brought 6 Tens of thousands of BTC were caught laundering money, triggering an influx of funds into Zcash (ZEC) to seek shelter. The price hit $750 in early December, and the shielded transaction volume surged 6 times in 24 hours. However, today (December 9), Arkham Intelligence launched the "Ultra" algorithm, which directly targets Zcash's defense line, and the market instantly entered high alert.

Arkham shows its sword, and the privacy coin breaks through

According to the latest data, Ultra has marked 53% of Zcash transactions, covering the historical flow of 420 billion US dollars, and mapped 48% of the sending and receiving addresses to entities, and the balance of about 2.5 billion US dollars (accounting for 37% of the supply) is "named and surnamed." Ultra compares timestamps, amount distributions and redemption paths through a multi-modal graph neural network, exposing the masked output to a visual dashboard. Arkham emphasized in the statement:

Ultra allows Zcash transparency to jump to 53%, and zero knowledge no longer equals zero footprint.

Shielded pools, once considered black boxes, are now as auditable as Bitcoin, and the myth of absolute anonymity is instantly shattered.

Why didn’t the funds escape?

Theoretically, the total destruction of privacy is a nuclear bomb-level negative, and prices should continue to plummet. However, ZEC did not collapse. It only fell back to the support of $400 during the day, and it still has a cumulative increase of 237% this year. The internal disk shows that 62% of the large transfers on the chain (>100,000 ZEC) in the past week still flowed to regulated exchanges instead of entering the shielded pool again. Cypherpunk Holdings even took the opportunity to increase its position, and its stock price doubled simultaneously. Panic premium and compliance expectations are offsetting each other, creating resilience beyond intuition.

Although privacy black boxes can "hide money", they keep large custodians at arm's length. The delisting of Monero is a good lesson learned from the past. Arkham's de-anonymization unlocks some auditability for Zcash, reducing the ultimate risk of being completely banned.

There is a fund manager circulating on the Internet saying that "only a translucent ZEC can gain regulatory favor when applying for an ETF."