In response to recent social media doubts about the SUI token model and founder-controlled tokens, Sui tweeted that its unlocked tokens are locked by a third-party custodian, cannot be traded, and are safely stored. Mysten Labs founder (Sui development team) does not control the Sui Foundation's treasury, community reserves, staking subsidies, or any tokens allocated to investors.
The Sui Foundation is the largest holder of locked tokens, which will be unlocked according to a public issuance plan to support developers, promote the Move programming language, improve network security, and develop the ecosystem through developer funding, hackathons, bug bounties, academic research, and other programs. In addition, staking rewards are already in circulation, consisting of staking subsidies and network fees. The Sui Foundation returns 100% of the staking rewards it receives to the community and includes them in the public distribution plan.
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According to the latest data from Dune Analytics, the trading volume of Club Key on the friend.tech V2 platform has exceeded one million since its release, reaching 1,038,825 at the time of writing this article. As of now, the number of Clubs created has reached 189,146, with approximately 121,000 creators and a total transaction volume of 22,940,488 FRIEND tokens. The Club fee is 343,252 FRIEND tokens.
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Due to the hard fork of the Chiliz Chain network, Upbit will temporarily suspend support for the deposit and withdrawal of digital assets on the Chiliz Chain network.
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According to CME FedWatch data, there is a 96.5% probability that the Fed will maintain interest rates in June, and a 3.5% probability of a cumulative 25 basis point rate cut.
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According to the market, Meme coin TRUMP has broken through $6 and is now priced at $6.07, with a 24-hour increase of 13.4%. There is significant market volatility, please exercise caution and risk control.
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On May 12th, according to official reports from Bitlayer, PIKA on Bitlayer's Launchpad platform won third place in the Bitcoin DevCon hackathon competition. Bitcoin DevCon was held on May 7th and 8th, 2024 at the Hong Kong Science Park, sponsored by Bitlayer, and over 300+ projects participated in the event. After multiple rounds of selection, PIKA won third place and received a reward of 20,000U from Bitlayer Labs. PIKA is a Bitlayer Launchpad platform and has established a deep partnership with Bitlayer to help build the Bitlayer ecosystem.
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OpenAI has announced the development of a Media Manager tool with the goal of launching it by 2025. This tool will allow creators and content owners to inform OpenAI about what they possess and specify how they wish their work to be used in machine learning research and training. Additionally, OpenAI has announced partnerships with global news publishers such as the Financial Times, The World, Prisa Media, and Axel Springer, to showcase their content in the product and increase engagement with readers. OpenAI's partnerships aim to benefit partners and their users, making their models more useful for their employees, customers, and communities. They will also collaborate with non-profit organizations Khan Academy and ExamSolutions based in the UK to advance educational resources.
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On May 11th, it was reported that Jian Wen, a 42-year-old British Chinese citizen, was found guilty of "participating in arranging money laundering" in the UK's largest Bitcoin money laundering case. He could be sentenced to up to 14 years in prison. Jian Wen's defense lawyer, Mark Harries, stated that due to the judge's busy schedule, the UK court has postponed Jian Wen's final sentencing, which was originally scheduled for May 10th, to May 24th.
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