ABCDE has halted new project investments and paused fundraising, shifting focus to strategic incubation through Vernal. This change, announced by co-founder Du Jun, is effective immediately and may have significant implications for the crypto market.
The company will continue supporting existing projects while emphasizing strategic partnerships. The Vernal incubator is set for a May launch, although market response has been cautious.
Future regulatory evaluations are anticipated due to these transitions, with the Chinese Ministry of Industry and Information Technology offering insights into the evolving landscape.
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