LianGuai Daily | MicroStrategy’s Bitcoin investment gains $1.63 billion; Surinamese President meets with JAN3 CEO to develop national Bitcoin strategy

LianGuai Daily | MicroStrategy's Bitcoin Investment Yields $1.63 Billion; Surinamese President Meets with JAN3 CEO to Establish National Bitcoin Strategy

Today’s headlines:

1. Shen Bo’s personal wallet attacker has transferred stolen 600 ETH to Tornado Cash.

2. Surinamese President meets with JAN3 CEO to develop national Bitcoin strategy.

3. MicroStrategy’s Bitcoin investment has made a profit of $1.63 billion.

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4. In the past seven days, four smart money addresses have accumulated a total purchase of 7.7 million BIGTIME tokens.

5. friend.tech: Contract and fund ownership has been transferred to a new combination of multisig and professional custody.

6. ArbitrumDAO will provide $23.54 million in funding to 26 projects that missed the first round of funding.

7. Unlocked 1INCH worth $7.68 million has been claimed, with approximately 38% being transferred to CEX and on-chain sales.

Regulatory updates:

Surinamese President meets with JAN3 CEO to develop national Bitcoin strategy

The President of Suriname, Chan Santokhi, recently met with the CEO of Bitcoin startup JAN3, Samson Mow, to discuss the potential strategy of integrating Bitcoin into the Surinamese economy. The meeting, led by Minister of Foreign Affairs Albert Ramdin, is part of Suriname’s strategy to diversify its economic model, with a focus on exploring Bitcoin’s potential in various areas such as finance, sustainable energy, and technology. Prior to the official discussions, Samson Mow and JAN3’s COO, Ben Van Hool, had engaged with key figures in Suriname’s business community, including bankers and financial professionals, to discuss the potential benefits of Bitcoin. The executives of JAN3 also met with the Deputy Governor of the Surinamese Central Bank, Rakesh Adhin, to gain deeper insights into the country’s economic situation, particularly its challenges with debt and inflation. Mow emphasized Bitcoin as a potential solution to these issues and compared it to the experience in El Salvador. The discussions covered various topics, including energy resources, monetary policies, and the possibility of establishing Bitcoin mining operations in remote areas of Suriname. President Santokhi expressed interest in developing a Bitcoin strategy to position Suriname as a leader in the financial and technology sectors and enhance the quality of life for its people.

NFT & AI:

Aqua game NFT marketplace announces closure

Aqua, an NFT marketplace focused on the Web3 gaming sector, has officially announced its closure. Sean Ryan, CEO of Aqua and former Vice President of Facebook, stated in an open letter that Aqua initially collaborated with blockchain companies like Immutable and Polygon Labs to provide a game NFT marketplace and white-glove embedded solutions for game developers. However, due to the underwhelming growth of the Web3 gaming industry and difficulties in fundraising, the company has made the decision to cease operations.

Earlier news, Aqua completed a $10 million financing in September 2022, led by billionaire Steve Cohen’s investment company DIGITAL investment.

Google CEO may delay the release of AI model Gemini due to unreliable processing of some non-English queries

According to The Information citing two informed sources, Google has postponed the release of its conversational AI Gemini, which aims to compete with OpenAI, to January 2024. According to one of the sources, the decision to delay was made by Google CEO Sundar Pichai because Google found that Gemini cannot reliably process some non-English query instructions.

Currently, the Gemini team hopes that its primary model can reach the level of GPT-4 or even surpass it. Sources claim that Google has already achieved these standards in “certain aspects” but is still making improvements. This is because the team wants Gemini to be able to operate smoothly in multiple languages worldwide.

OpenAI President: Held 52 team meetings and 1:1 meetings in the first week back to work

OpenAI President Greg Brockman tweeted that he held 52 team meetings and 1:1 meetings in his first week back at work. The biggest gain is that employees in each department have consistent ideas. We have become stronger.

Project Updates

Friend.tech: Transferred contract and fund ownership to new multi-signature and professional custody portfolio

Friend.tech tweeted that we have completed on-chain transactions to transfer ownership of Friend.tech’s contract and funds to a new multi-signature and professional custody portfolio. These changes will enhance Friend.tech’s long-term security and enable us to fulfill our tax obligations.

ArbitrumDAO to provide $23.54 million funding to 26 projects that missed the first round of funding

ArbitrumDAO has approved a proposal for a one-time “reserve fund” of 21.1 million ARB ($23.54 million) to support 26 projects that missed the first round of funding. The proposal received two-thirds of the votes in favor. The funded projects include Gains Network ($5 million), Stargate Finance ($2.2 million), Synapse ($2.2 million), Wormhole ($2 million), and more.

With the proposal approved, the total budget for the Short-Term Incentive Program (STIP) has increased to 7,110 ARB. According to the proposal, the additional funds will be allocated after a three-day waiting period.

Beosin Trace: Shen Bo’s personal wallet attacker has transferred the stolen 600 ETH to Tornado Cash

According to Beosin’s security risk monitoring, warning, and blocking platform Beosin EagleEye, the hacker who attacked Shen Bo’s personal wallet, has transferred the 600 ETH stored in the address starting with 0x1D4 to Tornado Cash. According to previous reports, on April 16, 2023, the hacker sold the previously stolen 557,140 LQTY tokens, exchanged them for ETH, and stored them in the address starting with 0x1D4. In November last year, Shen Bo’s personal address (ending with 5e894) was hacked, resulting in the theft of assets worth $42 million, including 38 million USDC and 1,606 ETH.

Decentralized exchange platform WOOFi: will receive 1 million ARB tokens for sponsorship, tokens will be used for activities and airdrops

WOOFi, the decentralized exchange platform, has announced that the voting application for the Arbitrum STIP (Short-Term Incentive Program) has been approved, and WOOFi will receive 1 million ARB tokens for incentives activities and airdrops to platform users.

Previous news, the voting for the proposal “Providing funding support for successful STIP proposals” by Arbitrum DAO has ended, with a final support rate of 67.68%. The proposal intends to increase the total budget allocation (50 million ARB) of the original STIP proposal to 71.4 million ARB and increase the number of participating protocols by 26, totaling 56 funded projects. The proposal plans to allocate the ARB held by the DAO to the incentive mechanism and utilize the allocation system and consensus already created in STIP 1.

Unlocked 1INCH worth $7.68 million has been claimed, with approximately 38% being transferred to CEX and sold on-chain

According to on-chain analyst Yu Jin, the current round of 1INCH unlocking has been ongoing for 2 days (unlocked on December 1), and multiple addresses have already claimed approximately 21.51 million 1INCH tokens (worth $7.68 million) from the originating contract. Approximately 38% of the claimed 1INCH tokens (worth approximately $2.92 million) have been transferred and sold on CEX and on-chain, but more tokens have not yet been transferred or sold after being claimed.

Funding News

Generative AI startup Together completes $102.5 million Series A funding, led by Kleiner Perkins

Generative AI startup Together has raised $102.5 million in Series A funding, led by American venture capital firm Kleiner Perkins, with follow-on investment from NVIDIA and Emergence Capital. Other institutions participating in the Series A investment include NEA, Prosperity 7, Greycroft, 137 Ventures, Lux Capital, Definition Capital, and Long Journey Ventures.

Funds will be used to improve its AI application cloud platform, invest in research and contribute to open-source AI, and enhance its infrastructure. Together, headquartered in San Francisco, was established in June 2022, developing open-source AI cloud software. The team consists of professionals from Apple, ETH Zurich, as well as scholars from Stanford University, UC Berkeley, and MIT.

Previous news – AI startup Together announced the completion of a $20 million seed funding round, led by Lux Capital, with participation from Factory, SV Angel, First Round Capital, and others.

Important Data

MicroStrategy Bitcoin investment floating profit of $1.63 billion

MicroStrategy’s unrealized profit from Bitcoin investment has reached $1.63 billion. As of November 29, 2023, MicroStrategy and its subsidiaries collectively hold approximately 174,530 bitcoins, with a total purchase price of approximately $5.28 billion and an average purchase price of approximately $30,252 per bitcoin.

Data: About 105,000 ETH Burned on Ethereum in the Past Month

According to Ultra Sound Money data, approximately 105,206.23 ETH were burned on the Ethereum network in the past month, with 70,613.43 ETH minted. Since the implementation of EIP-1559 in early August 2021, Ethereum has burned a total of approximately 3.77 million ETH, valued at approximately $10.51 billion.

Data: Four Smart Money Addresses Bought 7.7 Million BIGTIME in the Past Seven Days

According to Twitter user “Ai A Yi” monitoring, four addresses accumulated a total of 7.7 million BIGTIME in the past seven days, worth $1.61 million. Among them, the address starting with 0x8D7 has already closed its profit this afternoon, gaining $380,000 in profit. The remaining three addresses have not sold yet. On November 27, the Bigtime project’s multi-signature address transferred 20 million BIGTIME to market makers to expand market-making scale. Currently, none of the three market makers have transferred/sold these tokens. Among them, Amber Group holds 5 million tokens, GSR Markets holds 12.5 million tokens, and FBG Capital holds 2.5 million tokens.

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