News

[ApeCoin DAO Dissolution Proposal AIP-596 Voting Concludes with 99.66% Approval Rate] According to Snapshot data, voting for proposal AIP-596, which calls for the dissolution of ApeCoin DAO and the establishment of a new entity, ApeCo, has ended. The approval rate reached an impressive 99.66%, with approximately 0.32% voting against and 0.01% abstaining. Garga.eth, co-founder of Yuga Labs, previously noted that this AIP required a significant number of votes to pass, specifically participation from 3.5% of all circulating tokens and a two-thirds absolute majority in favor. The proposal aims to further reform the ApeCoin ecosystem and facilitate the orderly transfer of assets and responsibilities to ApeCo, a new entity established by Yuga Labs. The new team will reportedly include Cameron Kates, the current Executive Director of the Ape Foundation, as well as other foundation members and members of the Banana Bill team.

According to news from CoinWorld on June 26, as reported by Reuters, U.S. startup Dinari has obtained broker-dealer registration for its subsidiary, becoming the first approved tokenized equity platform to offer blockchain-based stock trading in the United States. Dinari will provide stock trading services to U.S. investors through blockchain technology. Industry insiders believe that tokenized stocks have the potential to reduce trading costs, accelerate settlement speeds, and enable round-the-clock trading. Currently, companies such as a certain exchange are also actively exploring related businesses. However, the World Economic Forum points out that insufficient secondary market liquidity and the lack of globally unified standards remain the main challenges facing this sector.