News

BlockBeats News, July 1st, according to Whale monitoring, Circle minted 250 million USDC on the Solana network today at 10:12 AM (UTC+8).

Golden Ten Data reported on July 1 that Japanese electronics giant Panasonic has benefited from the artificial intelligence boom. Driven by strong demand for AI infrastructure-related products—including electronic components for servers, circuit board materials, and batteries—the company's share price has more than doubled since the start of the year, pushing its market capitalization to a record 11.5 trillion yen (approximately 71 billion USD). Once a global leader in consumer electronics, Panasonic has gradually reduced its reliance on the home appliance business in recent years and has become an important battery supplier to Tesla. Panasonic plans to leverage cooperation with major industry players to achieve around 1.4 trillion yen in AI infrastructure-related business sales over the next three years. The company also recently announced it will invest about 500 billion yen in this sector over the next two fiscal years. Additionally, it will expand the scale of layoffs from the previously announced 10 thousand to 12 thousand, expecting to save 145 billion yen by the 2024 fiscal year.

Lighter Protocol released an update on its tokenomics, announcing that all LIT repurchased in the future will be permanently burned, with the first burn to be executed within several weeks after the end of the second quarter. Since TGE, Lighter Protocol has repurchased approximately 15.5 million LIT, accounting for about 6.3% of the circulating supply. The source of staking rewards will be adjusted from pre-TGE revenue to remaining ecosystem tokens, with the staking yield targeted at an annualized rate of 6%. Based on the current staked amount of around 125 million LIT, approximately 7.5 million LIT will be distributed annually, with funding coming from the remaining 250 million LIT. Lighter Protocol's treasury management will prioritize balancing rewards for long-term stakers, reducing supply through token burns, reserving tokens for partners and growth, and maximizing long-term value for token holders.