News

ChainCatcher news, Jay Chou's friend disappeared after investing over 100 millions RMB worth of BTC on his behalf, prompting Jay Chou to warn, "If you don't show up, you're finished." Subsequently, Cai Weize responded that he would "temporarily stop using social media." Taiwanese media revealed that the two are suspected to be involved in a financial dispute involving over 100 millions New Taiwan Dollars. Cai Weize was entrusted to manage an account and invest in bitcoin for Jay Chou, but claimed a year ago that the account was locked for some reason and has yet to return the assets. Jay Chou privately messaged him but received no reply, leaving him with no choice but to take this action. However, community users noticed that Jay Chou has deleted the related post from his Instagram, but has unfollowed Cai Weize.

ChainCatcher news, according to official sources, in order to enhance the long-term value and governance efficiency of JST, the JustLend DAO community has officially launched a governance proposal to implement a JST buyback and burn mechanism. According to the plan, JustLend DAO will use its net income as well as the portion of USDD ecosystem income exceeding 10 millions USD to regularly buy back JST from the open market and burn it. The burn will be carried out in phases: the first batch will burn 30% of the current proceeds, and the remaining 70% will be gradually burned over four quarters (17.5% each quarter). This move will gradually reduce the market circulation of JST, establishing a solid deflationary model for it. All execution details will be fully disclosed to ensure transparency and community consensus throughout the process.