ChainCatcher news, Crypto Quant founder Ki Young Ju posted on X: "Some people believe that decentralized organizations are a failed concept, and I disagree.Of course, many decentralized projects have failed. The main reason for failure is that early participants made considerable profits and often became complacent, while those who joined later found it difficult to gain returns.Balance is key. Complete decentralization is not always necessary. The core idea is to maximize individual interests, in line with capitalism. This concept is reasonable but still in the exploratory stage, seeking the right balance.Collaboration on the internet is worth attempts at decentralization. For example, Wikipedia, a platform for archiving information, could operate more effectively in a decentralized manner. In fact, there is a project called Everipedia dedicated to this. However, the reason it has not succeeded may be that a new team cannot easily catch up with Wikipedia's decades of experience and expertise. Ultimately, Wikipedia itself needs to issue its own token, but this would be fraught with difficulties without proper regulation.If appropriate regulations can filter out scammers, large companies or promising teams would also participate in this experiment. On the other hand, without regulation, scammers will continue to run rampant, and the potential of blockchain technology will be buried in disgrace.Web3 needs appropriate regulation—unless advocating for decentralization is equivalent to advocating for anarchism."

ChainCatcher news, according to Deep Tide TechFlow, Huobi founder Li Lin's family office Avenir Capital has established a crypto quantitative fund of funds, Avenir Crypto, with an initial fund size of 500 million USD.The fund will invest 200 million USDT, 3,000 bitcoins, and 50,000 ETH, with Binance as the trading venue, using API keys and SDKs for trading.There are three types of funding methods: 100% funding, co-funding by both parties at the same level, and manager's subordination.

According to ChainCatcher news, a report released by the Korean National Tax Service on Wednesday shows that virtual assets account for more than two-thirds of the value held in overseas registered accounts this year, after the agency included virtual assets in the mandatory registration asset list. Of the total financial assets in registered overseas accounts amounting to 186.4 trillion won, the holdings of virtual assets are approximately 130.8 trillion won (98.3 billion USD).Statistics indicate that this year, 73 companies reported overseas virtual assets worth 120.4 trillion won. The remaining 10.4 trillion won is held by 1,359 individuals, with an average holding of 7.66 billion won per person. According to the survey, individuals under 30 in South Korea hold an average of around 10 billion won in virtual assets, accounting for 51.8% of the overseas registered virtual assets.Additionally, Crypto Quant CEO Ki Young Ju commented on social media, "The average cryptocurrency asset holding per person in South Korea is 5.7 million USD."