Lookonchain APP

App Store

KOL Revelation: The Plasma team is composed of the original L2 project Blast members, and their relationship with Tether is not very close

2025.09.23 14:32:20

On September 23rd, according to Crypto Fearless, the Plasma team is the original L2 project Blast team. Plasma has no close connection with Tether. During Plasma's $24 million valuation round, Tether co-founder Paolo Ardoino personally invested only $50,000. It was stated that the main driving force behind Plasma is Framework Ventures, which used information asymmetry to present Plasma as the "beloved child of Tether," but the entire team has almost no experience in payments or stablecoins. At the same time, it was emphasized that Pacman (Tieshun) had a dispute with the original Blast team. Except for Tieshun, the other key members of the original team joined Plasma. Crypto Fearless also mentioned that during communication with a key figure from Tether in South Korea, the other party stated that Plasma has no direct relationship with Stable or Tether.
Relevant content

SpaceXAI: The Grok chatbot is already in the testing phase.

SpaceXAI has announced that its Grok chatbot is now in the testing phase, and starting today, it is available to desktop and iOS users who subscribe to the SuperGrok Heavy, Cursor Ultra, and Cursor Teams Premium plans.

4 hours ago

Trend-following funds have taken a record short position in global bonds, with the US CPI report expected to be the key determinant of their profit and loss.

According to Bloomberg, data from UBS Group shows that Commodity Trading Advisors (CTAs), which seek to profit from price movements across various asset classes, tripled their underweight positions in bonds in July from two weeks prior. Since then, these bets have remained stable. If the upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) push Treasury prices higher, the CTAs face the risk of losses. Strategist Nicolas Le Roux noted that a 1-basis-point move in the 10-year Treasury yield ahead of inflation data translates to roughly $300 million in profit or loss for CTAs, with this exposure being the largest UBS has recorded since it began compiling relevant data in 1990.

4 hours ago

Brad Lightcap, head of special projects at OpenAI, is set to depart.

According to a report from The Information, Brad Lightcap, head of special projects and former chief operating officer (COO) of OpenAI, is set to leave the company. Over the past year, Lightcap’s internal responsibilities at OpenAI have undergone multiple adjustments, with his latest role being leading "special projects". A long-time core member of OpenAI’s management team, Lightcap shifted from his COO position to lead special projects in early 2026 during an executive reshuffle, overseeing cross-company matters including complex transactions and strategic investments, and reporting directly to CEO Sam Altman. His departure comes as OpenAI continues to expand its commercialization efforts, advance enterprise business and strategic partnerships. The company has previously implemented multiple rounds of organizational restructuring, including transferring some COO responsibilities to other executives. Brad Lightcap joined OpenAI in 2018, and prior to that held roles at Y Combinator and JPMorgan Chase. He was one of the key operations and business leaders during OpenAI’s transition from a research institute to a commercial AI company.

4 hours ago

Fed's Goolsbee: The biggest problem facing the economy is inflation

Federal Reserve's Goolsbee said that as long as consumption remains robust, the economy will stay healthy. The biggest problem facing the economy is inflation. (Jinshi)

4 hours ago

Market News: ZoomInfo Data Now Integrated into Microsoft Copilot Studio

According to market reports, ZoomInfo data has now been integrated into Microsoft Copilot Studio, and is available for use in Microsoft 365 Copilot, Dynamics 365, Excel, and Word.

4 hours ago

OpenAI Special Projects Lead Brad Lightcap to Step Down

According to a report from The Information, Brad Lightcap, OpenAI’s head of special projects and former chief operating officer, is set to leave the company.

4 hours ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano