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DeSo Launches $50M Fund for Decentralized Social Ecosystem
The Octane Fund will fuel development of early-stage social media projects for the blockchain.
Автор Jamie Crawley
The foundation of DeSo, the blockchain started by the founder of social media site BitClout, has unveiled a $50 million fund to support the development of a decentralized social media ecosystem.
- Established by Nader Al-Naji (who formerly used the pseudonym “Diamondhands”) as the blockchain for BitClout, DeSo aims to offer a framework for social networks, just as Ethereum provides tools to build decentralized computer programs.
- The DeSo Foundation’s $50 million Octane Fund will help accelerate the growth of the DeSo developer ecosystem. It will draw from the $200 million in venture capital the project has received from Andreessen Horowitz, Coinbase Ventures and others.
- The fund will focus on early-stage initiatives that will then build a demo on the DeSo blockchain or integrate DeSo features into an existing product.
- While BitClout’s purported goal of decentralizing social media earned Al-Naji the pseudonym “the Facebook killer,” he now says that the network was merely a proof-of-concept for DeSo.
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Read more: BitClout’s Alleged Leader Hit With Cease-and-Desist by Prominent Crypto Law Firm
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Что нужно знать:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
Что нужно знать:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
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