Yi He: Suggests CZ to Provide Better Exit Mechanism for Crypto VCs, Capital Mobility Benefits Industry Innovation
On March 10th, Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated in a post:
“The biggest challenge facing the crypto industry in recent years is innovation stagnation, which stems from two key factors. First, the previous U.S. administration’s tightening of crypto policies—an issue that should be addressed with the passage of the crypto infrastructure bill. Second, Binance’s requirement that projects impose a 1-plus-3 year lockup mechanism on crypto venture capitalists (VCs).”
“While I believe Binance’s original intent was well-meaning—aimed at fostering long-term investment mindsets—the consequence of this mechanism is that project teams, market makers, and exchange liquidity providers exit first, leaving VCs with near-zero returns during the extended unlocking period. VCs already bear the greatest risk in the primary market, yet they now face additional exit risk—this directly contradicts norms in traditional investment markets. The result is the collective extin
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Amazon Issues Longest 50-Year Bond to Fund AI Development
[March 10] — Amazon is tapping the bond market again with a massive cross-border issuance, Bloomberg reported, adding fuel to an AI-fueled corporate borrowing spree.
Sources familiar with the deal said the e-commerce and cloud giant will offer up to 11 tranches of U.S. investment-grade bonds, with maturities spanning 2 to 50 years. Initial pricing discussions for the longest-dated note (maturing in 2076) indicate a spread of roughly 1.55 basis points over U.S. Treasuries, the source added, requesting anonymity due to the sensitive nature of the information.
HSBC Holdings, Citigroup, Goldman Sachs and JPMorgan are underwriting the sale. The issuance marks the latest in a string of large bond offerings by major cloud computing firms ramping up to invest billions in AI infrastructure. To date, investor demand remains robust, with recent deals seeing subscription levels multiple times the issuance size.
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Based: The BASED Token Airdrop Lookup Tool is now live
On March 10, official sources confirm that full-channel trading platform Based has announced its BASED token airdrop query tool is now live.
Prior reports noted that Based has unveiled its BASED tokenomics: total supply of 1 billion tokens, with 36% earmarked for the community, 23.64% for ecosystem and community rewards, 20.36% for investors, and 20% for core contributors.
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Starknet will deploy the STRK20 framework to support privacy-focused stablecoins and other assets
On March 10, The Block reported that Starknet is developing a new privacy feature to let teams launch privacy-preserving stablecoins and other assets while staying compliant.
Dubbed the STRK20 framework, the tool is built by StarkWare and set to deploy on Starknet later this year.
The framework aims to provide token-level privacy for assets on Starknet—keeping transactions and balances confidential—while remaining compatible with decentralized finance (DeFi) apps. Per the team, Starknet’s solution will support ERC-20 tokens, the standard for most fungible assets on Ethereum.
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French AI Company AMI Labs Raises $1.03 Billion in Funding with Lead Investment from Greycroft
On March 10, official sources confirmed that Advanced Machine Intelligence Labs (AMI Labs)—an AI firm founded by Yann LeCun, Meta Platforms’ former Chief AI Scientist—has closed a $1.03 billion funding round (approximately €890 million). The round was led by Cathay Innovation, Greycroft, Hiro Capital, HV Capital, and Bezos Expeditions, with participation from global investors and angel backers worldwide, valuing the French company at $3.5 billion.
Meta did not participate in this funding round; LeCun characterizes the tech giant as a "partner but not an investor."
Yann LeCun stated that AMI Labs will build an AI system with intelligence comparable to that of an adult human—one capable of reasoning, planning, understanding the physical world, and learning autonomously from very few samples.
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