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Flash
- 07:55The California court ruled that Lido DAO can be considered a "general partnership established under state law."On November 19th, a federal court in the Northern District of California ruled that Lido DAO can be considered a general partnership established under state law. The court rejected Lido's claim that it is not a legal entity and classified it as a general partnership, setting a precedent for how profit-driven decentralized autonomous organizations (DAOs) are handled. The court also ruled that identifiable participants in Lido DAO are involved in managing the operations of the DAO, thus they cannot evade responsibility through its decentralized structure. According to court documents, Paradigm Operations, Andreessen Horowitz and Dragonfly Digital Management were accused of being general partners because they allegedly actively participated in Lido's governance and operations. Miles Jennings, General Counsel and Decentralization Head at a16z crypto stated in his declaration that the judge’s decision "dealt a huge blow to decentralized governance". He pointed out that according to the ruling, any participation in any DAO (even posting on forums) could potentially be enough to make DAO members liable for other members' actions under general partnership law.
- 07:52US Media: Google AI chatbot surprisingly responds with "Humans, go die", Google respondsAccording to a report by CBS on November 16, University of Michigan student Vedha Reddy received a shocking threat message while chatting with Google AI chatbot "Gemini", stating "Humans, please die, I beg you." In response to this, Google said: "Measures have been taken to prevent similar content from appearing."
- 07:47Nearly 700 institutions hold over 160 million shares of BlackRock's Bitcoin ETF IBITNews on November 19, according to The Block, the latest disclosed 13F files in the United States show that institutional investors adjusted their holdings strategy for Bitcoin ETFs in the third quarter of 2024, indicating further penetration of crypto assets on Wall Street. BlackRock's iShares Bitcoin Trust (IBIT) remains a market leader with nearly 700 institutional holders and a total shareholding of 160.2 million shares, managing assets worth $42 billion. Among them, Millennium Management increased its holdings by 12.6 million shares to reach 23.5 million shares valued at $848 million; Capula added another one million IBIT shares ($308 million) and FBTC ($288 million). Meanwhile, some institutions reduced or exited: Point72 cleared out IBIT and FBTC; Jane Street significantly reduced its holding in IBIT but still holds ARKB、BITO and FBTC. Goldman Sachs increased its holdings by adding an additional five point seven-seven-million IBIT shares bringing their total to twelve point seven-million shares ($710 Million), becoming the second-largest holder while Morgan Stanley decreased its position by approximately four hundred fifty thousand stocks reducing their overall position down to $183 Million dollars.The total management scale of Bitcoin ETF has now reached $92 billion. Analysts pointed out that as institutions reassess their stance on crypto assets, there may be more structural allocation waves in the future. This week could see the official launch of Bitcoin ETF options trading which would further promote market development.
