1. Jupiter co-founder Meow published a draft of the J4J plan on the X platform, which mainly includes: Initiating a JUP proposal to reduce the total supply of JUP by 30%; The team will voluntarily cut its allocation by 30%; Jupuary unlocking will be reduced by 30% accordingly; Jupiter has no direct investors in JUP, which will reduce the burden on FDV, activate the community to truly understand the JUP token economic model, and address concerns about high circulation levels, and motivate everyone to develop metadata together.
2. The Hong Kong Securities and Futures Commission published the "2023-24 Annual Report" today, which disclosed the four major strategic priorities of the Securities and Futures Commission in the next three years. It mentioned that technology and ESG will lead the market transformation, promote tokenization to improve the efficiency of the industry, and continue to improve the virtual asset regulatory system.
3. The Sandbox announced that it has purchased 6 Meme tokens, including PEPE, SHIB, MEME, DEGEN, DOGE and BONK. The Sandbox said that the purchase will help support specific communities and increase their influence in Web3 culture. The next step is to use its Meme tokens to launch attractive initiatives.
4. OpenAI co-founder Ilya Sutskever established a new artificial intelligence company SSI. Sutskever said that the new company will directly pursue safe super intelligence, with only one focus, one goal and one product.
5. Jump Crypto donated $10 million to Fairshake, a political action committee (PAC) in the crypto industry. Fairshake's future plan is to support congressmen and candidates who are conducive to the development of cryptocurrency, not presidential candidates.
6. The LayerZero Foundation stated on the X platform that 25% of ZRO will be unlocked on the first day of launch, of which TGE accounts for 8.5%, 11% is used for future Snapshots and RFPs, 5% is allocated to the LayerZero Foundation, and 0.5% is allocated to community members.