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, as reported by Wu Shuo Blockchain, the largest residential unit in Kowloon, Hong Kong, the Villa C on Dragon Horse Road in Mid-Levels, has been purchased by Huobi founder Li Lin.According to Ming Pao, the property is sold under a rent-to-buy scheme, allowing for a rental period of 90 months, or about 7 and a half years, starting from the 1st of this month. After completing the 7 and a half year rental period, there is a 3-month renewal option, after which the unit can be purchased at a subscription price of 1 billion HKD, calculated at a usable area of 11,692 square feet, which translates to an effective price of 85,529 HKD per square foot. If the final buyer exercises the 1 billion HKD subscription right, the transaction price may set a new record for Kowloon’s residential units. Earlier, Li Lin sold his stake in Huobi for over 1 billion USD to Sun Yuchen. Li Lin also enjoys purchasing properties in various locations such as Shenzhen and Beijing.

Chain Catcher news, after completing the equity and business sale of Huobi Global to a fund under Hong Kong Baidu Capital, Huobi founder Li Lin posted on social media, stating that he is no longer the actual controller and shareholder of Huobi Global, nor does he hold any authority.The full text is as follows: "Saying goodbye. Just now, the equity transfer and asset delivery of Huobi Global have been completed, marking that the fund under Baidu Capital has become the largest shareholder and actual controller of Huobi Global. I am no longer a shareholder of Huobi Global, nor do I directly or indirectly hold any authority over Huobi Global. Huobi has been a memorable journey since I founded it nine years ago. I thank our customers and partners who supported us during these nine years, as well as my companions and friends who accompanied me. The path leads to the end of the white clouds, and spring flows with the green stream. I believe that Baidu Capital, with its international resources and global vision, can bring new momentum to the globalization process of Huobi Global and lead Huobi Global to embark on the next journey!"Earlier news reported that the cryptocurrency trading platform Huobi Global announced that its controlling shareholder company has transferred all of its shares in Huobi Global to a fund under Baidu Capital, making the Baidu Capital merger fund the largest shareholder and actual controller of Huobi Global. The transaction has been approved by the Huobi board and has been officially completed, with the equity and business formal delivery now finalized. The official statement indicated that this transaction only involves a change in the controlling shareholder and will not affect the existing core management and operational team. (source link)