According to sources familiar with the matter: Because Long @FanLong16 is an alumnus of Roger Chen, a founding partner of IMO Ventures,  @ImoVentures became one of the most pivotal early backers driving the development of @Conflux_Network. In 2016, Donnie Liu (Liu Hai), Thomas Yao @thyao , Roger Chen, Wang Chong, and others jointly launched a new venture capital fund, ImoVentures. Donnie Liu Year of Birth: 1984 July 2005: Bachelor’s degree in Electronic Engineering, Shanghai Jiao Tong University June 2007: Master’s degree in Electronic Engineering, Seoul National University June 2011: MBA, MIT Sloan School of Management Liu is a founder partner at IMO Ventures. He previously served as a partner at GSR Ventures and Bopu Asset Management, and earlier in his career worked in the wireless division at Samsung Electronics’ headquarters in South Korea. Public records indicate the following: In June 2015, Wu Shenjun, founding partner of GSR Ventures, entered HKEX–listed company 00109 Good Resources Holdings with capital backing, assuming the roles of Executive Director and Chairman of the Board.  Donnie Liu simultaneously became involved in the company as a Non-Executive Director. September 23, 2020: The HKEX announced the suspension of trading in Good Resources Holdings (00109). April 28, 2022: The HKEX announced that the company’s listing would be cancelled effective 9:00 a.m., May 4, 2022. By around 2018, Liu’s BGOGO exchange had effectively become a magnet for some of the industry’s most aggressive capital players, including: Jack Yi @Jackyi_ld  @Liquid_Capital_ Xu Yingkai  BlockVC Sun Zeyu   Genesis Capital Du Jun @dujunx  Node Capital At the time, Du Jun, founder of Node Capital, famously stormed out of Huobi’s HADAX platform in a blaze of frustration, then pivoted hard to promote the projects he had heavily backed, most notably FCoin and BGOGO. Right, Ciara (@Crypto_Ciara)? Thomas Yao @thyao Thomas Yao holds a bachelor’s degree in Applied Physics from Fudan University Widely regarded as being closely aligned with $CFX , Thomas’s signature play in this cycle is , $0G  . In addition to serving as a founding partner at IMO Ventures, Thomas Yao has worn several notable hats over the years: 1. Founding member of @0G_labs 2. Former Investment Partner at Frees Fund 3. Former Senior Director at HTC Vive’s Silicon Valley Innovation Lab

Fuglys Mint Price Details are here! We’ve seen the questions about a free mint — and we get it. Fuglys is a project built by the community, for the community, not by VCs or hidden backers. The mint price is what allows Fuglys to exist. It funds the treasury, supports development, covers on-chain costs, art, infra, and everything needed to turn chaos into something real. Without it, Fuglys would’ve never been born — and with it, we unlock what comes next. This isn’t an ordinary mint. It’s your entry point into the Fugly-Verse. No second chances. Once it starts, there’s no rewind 💋

JUST IN: GEOTHERMAL ENERGY COMPANY FERVO $FRVO JUST POPPED 37% ON ITS IPO DEBUT 🇺🇸 The order book was oversubscribed 15 times. The full picture, per Bloomberg: The deal: - IPO price: $27 (above the marketed $25-26 range, which had already been raised) - Open price: $36 (+33%) - Total raised: $1.89 billion (upsized) - Order book: ~15x oversubscribed - Bookrunners: JPMorgan, Bank of America, RBC, and Barclays The valuation: - Market cap: $10.2 billion at the open - 2025 revenue: $138,000 - 2025 net loss: -$70.5 million - Contracted PPA backlog: $7.2 billion (potential) The business: - Houston-based developer of enhanced geothermal energy - Uses horizontal drilling and multi-stage hydraulic fracturing (applies fracking techniques to geothermal) - First commercial station expected to deliver power by the end of 2026 - Cape Station project in Beaver County, Utah: 500 MW capacity, one of the world's largest geothermal projects - First startup to commercialize an enhanced geothermal system The backers and customers: - Backers include Bill Gates' Breakthrough Energy Ventures and Devon Energy $DVN - Power purchase agreements with Southern California Edison, Alphabet's Google $GOOGL, and Shell $SHEL - Alphabet participated in a $462 million round in December CEO Tim Latimer to Bloomberg: "There's just a laser focus of investors right now on what are we going to do to solve the power demand imbalance we're seeing in the country right now."

JUST IN: ANTHROPIC IS IN TALKS TO RAISE $30 BILLION AT A VALUATION OF $900+ BILLION The round could close as soon as the end of this month, per Bloomberg. The full picture: The deal: - At least $30 billion in fresh financing - Valuation: $900+ billion pre-money - Round expected to close as soon as end of May - Deal not finalized, no term sheet signed - Existing backers have been in discussions about participating Recent financings: - Google committed $10B at a $350B valuation, with plans for up to $30B more if performance targets are hit. - Amazon committed $5B at a $350B valuation, with plans for $20B more over time. For context: - February 2026: Anthropic valued at $350B - OpenAI most recently valued at $852B in March - Anthropic is considering an IPO as soon as October, per Bloomberg Anthropic was founded in 2021 by a group of former OpenAI employees. Its products include the Claude AI assistant.