Baby Doge: A proposal has been initiated to abandon the token contracts on Ethereum and BNB Chain
On May 29, Baby Doge announced on the X platform that it has proposed to abandon the token contracts on Ethereum and BNB Chain, aiming to achieve further decentralization, enhance trust and transparency within the community, and reduce the risk of administrator abuse or central control. The relevant proposal has been launched for voting, and the voting end date is June 5. The current approval rate is 100%.
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OpenAI plans to raise $30 billion at a valuation of $1.25 trillion, with the United Arab Emirates as the lead investor.
OpenAI is close to completing a fundraising round of up to 30 billions USD at a pre-money valuation of 1.25 trillions USD, with lead investments from United Arab Emirates investors and Coatue. OpenAI plans to finalize the financing by the end of next week and is simultaneously negotiating a business agreement to acquire additional computing power from the UAE. This funding round is positioned as a transitional solution ahead of an IPO. The news of this fundraising comes as U.S. tech stocks fell broadly, with the “Magnificent Seven” index dropping by 2.80%.

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