News

BlockBeats News, January 1st, according to MLM monitoring, of the approximately $200 million that Justin Sun deposited into the Lighter LLP platform, he has currently withdrawn about $38 million and used around $33 million to purchase 13.25 million LIT tokens. The spot account balance still has about $5.5 million remaining. This LIT holding accounts for approximately 1.33% of the total token supply and 5.32% of the circulating supply.

PANews reported on January 1 that, according to MLM monitoring, after Justin Sun previously deposited approximately $200 million into Lighter LLP and withdrew about $4.65 million to purchase around 1.66 million LIT, he continued to increase his holdings. As of now, he has withdrawn about $38 million from the $200 million, using approximately $33 million to buy around 13.29 million LIT. These tokens account for about 1.33% of the total LIT token supply and approximately 5.32% of the circulating supply.

BlockBeats News, January 1st, a new report from Global SWF shows that this year, the global sovereign wealth funds' assets under management (AUM) have reached a record high of $15 trillion. This growth is mainly attributed to the major funds' gains in a bull market and their continued focus on the technology sector. Sovereign investors' total investment in AI and digitalization is expected to reach $66 billion by 2025. In this wave, wealth funds in the Middle East have been particularly active, emerging as leaders in digital transformation: Mubadala Investment Co. in Abu Dhabi is set to invest $12.9 billion in AI and digitalization by 2025, followed by Kuwait Investment Authority and Qatar Investment Authority with $6 billion and $4 billion investments respectively. (Jinse)