Gate News Announcement: On March 6, Vernal founder Du Jun posted on social media stating that he will return to entrepreneurship and plans to launch an institutional exchange in Q2 (second quarter).

BlockBeats News, March 6 — ABCDE co-founder Du Jun announced a return to entrepreneurship and plans to launch an institutional trading platform in the second quarter. Welcome new and old friends to support us, Customer Service Xiao Du will be launching soon.

Odaily Planet Daily reports that Du Jun posted on the X platform stating that Li Lin will not sell Bitcoin to exchange for Ethereum. His family office, Avenir Group, is still the largest holder of IBIT under BlackRock in Asia. The U.S. Securities and Exchange Commission (SEC) 13F report is updated quarterly. Regarding Ethereum holdings, approximately 80% have been staked and held long-term. According to Du Jun, 95% of Li Lin's funds are managed by the family office team, with no external institutions or individuals entrusted with management.