PANews reported on August 17th that Faraday Future (founded by Jia Yueting) announced and launched its "EAI + Crypto" dual-flywheel and dual-bridge ecosystem strategy. The company plans to launch EAI EV asset blockchains, creating an EAI travel + Web3 + blockchain technology + crypto asset application ecosystem.
In addition, Faraday Future launched the C10 Index, the first crypto asset basket index (excluding stablecoins) launched by a US-listed company. Faraday Future also released the C10 Treasury, a treasury product based on the C10 Index. The initial phase aims to purchase crypto assets totaling $500 million to $1 billion, once the necessary funding is secured. The initial allocation will be $30 million.

![[Ask the Tax Whiz] Things to know about your upgraded tax-free employee benefits](https://www.rappler.com/tachyon/2025/09/ralph-recto-dof-senate-budget-hearing-nep-september-2-2025-001-scaled.jpg?resize=75%2C75&crop=436px%2C0px%2C1696px%2C1696px)