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mars

Wang Chun: Exploration should not be postponed to the next generation; participating in this flight is to give SpaceX a reason not to forget Mars

F2Pool co-founder Wang Chun talks about why he chose Mars instead of the Moon as the target for SpaceX's first interstellar manned mission. He believes that even without private investment, humanity will still reach the Moon, and likely very soon. As space competition intensifies, governments around the world will establish lunar bases. I am happy to watch all of this happen.On the other hand, I am still uncertain about the progress of Mars exploration within our lifetime, and I feel that something should be done about it. I hope that by purchasing a ticket for a mission to fly by Mars, SpaceX will have another reason not to forget about Mars. Because we really should not delay Mars exploration for the next generation.Yesterday, SpaceX announced that Wang Chun will participate in SpaceX's first interstellar manned mission as the mission commander, executing a flight lasting about two years: first exploring the outer space of the Earth-Moon system, then flying by Mars and returning to Earth. Before this interstellar mission, Wang Chun will participate in a commercial crewed lunar flyby with Dennis and Akiko Tito, with the planned flight being within 200 kilometers of the lunar surface. This is the first commercial crewed interstellar mission of Starship, and Wang Chun previously commanded the Fram2 polar orbit mission in 2025, gaining experience for this flight.

The Marshall Islands launches the world's first blockchain-based universal basic income program on the Stellar network

According to CoinDesk, the Republic of the Marshall Islands (RMI) has completed the world's first on-chain distribution of Universal Basic Income (UBI) using the digital native sovereign bond USDM1 on the Stellar blockchain.The country's Ministry of Finance confirmed that this multi-million dollar initiative was developed in collaboration with the Stellar Development Foundation (SDF) and infrastructure provider Crossmint, as part of the local UBI program ENRA. This program replaces quarterly physical cash distributions with digital transfers, benefiting many eligible citizens living across various islands. USDM1 is a sovereign bond denominated in US dollars, fully backed by short-term U.S. Treasury securities, and distributed through the Stellar issuance platform to a customized digital wallet application called Lomalo.A spokesperson for the Marshall Islands Ministry of Finance stated that USDM1 is issued under New York law, based on established legal frameworks, rather than regulatory discretion or policy preference. The U.S. Treasury collateral is held by an independent trustee, with redemption rights being fixed, unconditional, and legally enforceable. ENRA is a fiscal distribution program, issuing one unit for every one unit in trust short-term U.S. Treasury securities, fully backed and legally isolated throughout the process. The government emphasizes that USDM1 does not compromise the country's monetary or technological sovereignty. A white paper released alongside the initiative outlines its broader policy and financial framework.

Marshall Wace sues crypto data company Lukka to block its new funding

ChainCatcher news, according to Bloomberg, Marshall Wace has filed a lawsuit against the cryptocurrency data provider Lukka Inc. to prevent it from advancing a new round of financing, as the investment management company believes that this round of financing would put its two funds at a disadvantage.On Thursday, Delaware Chancery Court Judge Lori Wil approved Marshall Wace's request, deciding to temporarily halt the proposed financing plan during the expedited proceedings of the lawsuit. Previously, in 2022, Marshall Wace's XO Digital Financial Fund and Eureka Fund invested $50 million in Lukka as part of a Series E preferred stock financing in exchange for certain consent rights that could affect investment actions.In the lawsuit, Marshall Wace's investment funds accuse Lukka of violating corporate bylaws, stating that this proposed financing requires their consent, but Lukka's lawyers claim that such consent is not necessary. Additionally, they accuse Lukka of reaching a "pay-to-play" financing scheme that unfairly benefits Liberty City Ventures. If the financing is successful, Marshall Wace's repayment priority in a liquidation event would drop from first to behind three new series of senior preferred stock, making it extremely difficult to obtain compensation.Marshall Wace has expressed a willingness to participate in the financing after terms are modified but was rejected. Lukka's lawyers stated that if the financing is paused, the company would be harmed, as it needs the funds to "continue operations and pay employee salaries."
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