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AiCoin
AiCoin|Nov 19, 2025 05:03
[The $1 Billion Ethereum DAT Plan Led by Li Lin and Xiao Feng Has Been Shelved, Approximately $200 Million Returned] The Ethereum DAT plan led by Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng has been shelved, and approximately $200 million in raised funds has been returned. The plan initially aimed to purchase approximately $1 billion worth of ETH through a Nasdaq shell company structure, with funding sources including around $200 million from Avenir and approximately $500 million from Asian institutions. Industry insiders suggest the shelving may be related to the market downturn following the '1011 Incident' and the decline in stock prices of several DAT companies. Whether the plan will be restarted remains uncertain, with relevant parties stating that they will prioritize investors' interests and continue to monitor market dynamics.
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Timeline

Dec 18, 22:03OPENAI plans to raise up to $100 billion
Dec 17, 02:46OpenAI is in talks with Amazon to raise over $10 billion in funding
Dec 14, 15:00YO Labs raises $10 million to expand YO Protocol
Dec 11, 09:53ALMANAK token will be listed for the first time on December 11.
Dec 11, 00:24The Norwegian central bank sees no need to launch a digital currency for now.
Dec 02, 12:40Raised 58B in funding and 1.4T data center commitments
Nov 25, 12:30MetaPlanet raised $130 million through Bitcoin
Nov 22, 21:05Monad token public sale concluded with oversubscription
Nov 21, 13:05Kalshi's valuation soared to $11 billion after raising $1 billion.
Nov 19, 04:53Ethereum DAT plan shelved, $200 million has been returned

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