- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Official Verification
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- Quick Buy
  Buy with bank card, Apple Pay, Google Pay, PIX, or SEPA
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

Jupiter Core Working Group (CWG) Announces Disbandment, Returning 4.5 Million JUP to the DAO

By: theblockbeats.news|2025/07/03 10:01:44

BlockBeats News, July 3rd, Jupiter announced on social media that, after a comprehensive evaluation, it has confirmed that the original 4-year CWG mission has been essentially completed as the DAO enters a 6-month voting suspension and reset phase. Although there are still a few outstanding items, the current DAO ecosystem has evolved to a stage where the originally envisioned core working group is no longer needed—CWG's functional framework was designed for a DAO era different from today's.

Morten will join the Jupiter team full-time as an Operations and Quality Control Engineer. Kemo will return to lead his project Radiants while retaining his community membership. The remaining members will complete the work handover within two weeks. The CWG has decided to fully refund 4.5 million JUP tokens to the DAO treasury.

Stables Labs' stablecoin USDX is now available for collateralized borrowing on Lista DAO for USD1.

US Stock Market: HOOD Pre-market Down by About 2%, Earlier OpenAI Denied Any Association with Robinhood Coin