The $1 Billion Ethereum Treasury Plan Led by Li Lin and Xiao Feng Has Been Shelved
BlockBeats News, November 19th, according to the well-known media personality Wu Shuo, the $1 billion Ethereum Treasury Plan led by Li Lin, Xiao Feng, Shen Bo, Cai Wensheng, and others has been put on hold, and the funds raised have been returned. This plan was the largest DAT led by Asian investors. Insiders speculate that the main reason for the suspension was the bearish market trend after the 1011 incident, with many DAT companies' stock prices experiencing a significant decline recently. As for whether the plan will be restarted, those involved have stated that they will prioritize the interests of investors. The current situation is still under market observation, waiting for the right timing.
It is reported that the current mainstream Ethereum Treasury (DAT) companies have all fallen below an mNAV of 1, with Bitmine dropping to 0.86 and SharpLink dropping to 0.85.
Earlier, according to Bloomberg, Li Lin was collaborating with Shen Bo, Xiao Feng, and Meitu founder Cai Wensheng, among others, early Ethereum supporters in Asia, to establish a new digital asset trust fund with plans to initially purchase approximately $1 billion worth of ETH. The team is in talks to acquire a Nasdaq-listed shell company for structural setup, with funding including $200 million from Li Lin's Avenir Investment Company and around $500 million from Asian institutions like Sequoia China.
You may also like

Bitcoin ETF News: Why Bitcoin Is Falling Even After $2.43B ETF Inflows in April
Bitcoin ETF news today shows $2.43B in April inflows as institutions absorbed thousands of BTC, yet the price dropped from $79K to $76K. Traders are now watching whether the $80K resistance breaks or triggers another pullback.

What Is RWA in Crypto? Real-World Assets Explained (2026 Guide)
What Is RWA in Crypto?RWA stands for Real-World Assets — traditional financial assets like bonds, real estate, gold, and private credit that have been converted into blockchain tokens.

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil

Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think
Bitcoin dominance at 58%, Fear & Greed at 39. If you think altcoin season is dead, you're reading the wrong signals. Here's what the data actually says about what comes next.

Oracle: The Second Battlefield Behind the Prediction Market War

a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."

Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S

From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic

Why Private Credit Became the First True Bridge from TradFi to DeFi

Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital

When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products

My view on blockchain has changed

Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?

Deconstructing 80 mainstream payment institutions and wallets worldwide

The MiCA Fast Track for Cryptocurrency Licenses: Why OKX and BVNK Choose Malta

a16z Crypto: Stablecoins are rebuilding the global financial infrastructure

ENI's RWA ambition: to create an enterprise-level BaaS platform that allows Web2 institutions to "go beyond just asset on-chain."

Morning Report | a16z releases global financial new stack report; Websea's withdrawal channel suspected of running away; Strategy purchased 3,273 bitcoins last week
Bitcoin ETF News: Why Bitcoin Is Falling Even After $2.43B ETF Inflows in April
Bitcoin ETF news today shows $2.43B in April inflows as institutions absorbed thousands of BTC, yet the price dropped from $79K to $76K. Traders are now watching whether the $80K resistance breaks or triggers another pullback.
What Is RWA in Crypto? Real-World Assets Explained (2026 Guide)
What Is RWA in Crypto?RWA stands for Real-World Assets — traditional financial assets like bonds, real estate, gold, and private credit that have been converted into blockchain tokens.
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think
Bitcoin dominance at 58%, Fear & Greed at 39. If you think altcoin season is dead, you're reading the wrong signals. Here's what the data actually says about what comes next.



