Justin Sun: Li Lin Once Concealed Due Diligence Materials, I Lent the Company $30 Million to Fill the Gap

According to Bitget market data, South Korea’s stock market surged sharply on Wednesday, with the KOSPI index breaking through the 7,100-point mark and rising more than 5.6%. Samsung Electronics gained over 6%, while SK Hynix jumped more than 7%. The pressure from leveraged trading liquidations that had previously pushed the benchmark index down nearly 30% from its peak appears to be drawing to a close. This rebound has eased the selling pressure of the past several weeks; the sell-off wiped roughly $1.2 trillion off South Korean stocks’ market capitalization since their June highs. JPMorgan strategist Mixo Das noted that the deleveraging process for South Korean stock leveraged ETF positions is about 75% complete. According to data from the Korea Financial Investment Association, as of July 16, South Korean investors have cut their leveraged stock positions to their lowest level in three months. The margin balance fell to 33.4 trillion won (equivalent to $226 billion), a 13% drop from its late-June peak. For many investors, this is seen as a clear sign of a market turnaround.

The U.S. House of Representatives has passed a temporary funding measure that provides funds to federal agencies through the November midterm elections, aiming to avoid a U.S. government shutdown.

AI payment infrastructure Kite’s ecosystem has launched Marathon, an adaptive inference infrastructure for long-running AI Agents. For each request, users can select a completion window across four tiers: now, soon, later, anytime, with longer wait times translating to lower costs. The deepest tier offers up to ~65% savings compared to real-time pricing (discount is an estimate and fluctuates based on real-time capacity). The service features an OpenAI-compatible API, plus a one-command install plugin for Claude Code and Codex. At launch, it supports five leading open-weight models: Kimi K3, GLM 5.2, DeepSeek V4 Pro, Qwen3.6-35B-A3B, and Nemotron 3 Ultra, all under a unified pricing structure. Details are available at marathon.build. Notably, Kite previously secured $33 million in funding led by PayPal Ventures and General Catalyst. The launch of Marathon marks a key step in its expansion from Agent identity and payment networks to the underlying computing infrastructure of the Agent economy, aiming to enable a full loop of Agents’ “autonomous calling and autonomous payment”.

According to Hyperinsight monitoring, Micron Technology (MU) is trading at $976.08, up approximately 6.36% from the time yesterday’s news was filed. Two whales tracked yesterday recorded a combined profit of around $2.8603 million, with one position locked in (realized) and the other still unrealized. The whale starting with 0xc8b continued adding positions last night to 37,200 shares, at an average entry price of $918.34, for a total position value of about $34.1689 million. It closed out all positions at an average price of $964.51 from last night to early this morning, realizing a profit of roughly $1.7178 million, and currently holds no MU positions. The whale starting with 0x66f still holds all 15,000 MU long positions, with an average entry price of $899.70, current position value of around $14.6381 million, unrealized profit of about $1.1425 million, and a return rate of approximately 25.40%. Only this address among the two still holds positions. Previous news: "Market rebound came first, massive capital inflow followed" – a new address deposited $24 million to quickly build a large position in Micron.

According to HTX market data, HYPE has underperformed recently, accompanied by institutional unstaking and sell-off waves. Over the past 15 days, its price has dropped from $72.5 to $60.9, a cumulative decline of around 16%. The following are the whales and institutions involved in recent unstaking and selling activities: Multicoin Capital unstaked 1.96 million HYPE tokens (valued at approximately $120 million) from three wallets in the early hours of today. These tokens were staked about two months ago. Ironically, in its latest June report, Multicoin Capital projected HYPE could reach $319 by 2028, implying a potential 4x upside. Yesterday, Selini Capital requested to unstake 504,000 HYPE tokens worth $31.7 million. This address deployed the HIP-3 Dreamcash market; following the announcement of the market’s closure, Selini is unstaking the HYPE required for deploying and maintaining the market, having earned nearly $20 million from this "investment". On July 18, a whale address associated with a16z continued to offload HYPE, selling 421,796 tokens worth around $25.3 million within 24 hours. On July 17, an execution address suspected to be linked to a16z sold 105,400 HYPE spot tokens in a single day, with a transaction volume of approximately $6.4812 million at an average price of around $61.49.

Eric Richmond, managing director of Coinbase Canada, stated that Coinbase is working to build an "Everything Exchange" in Canada, a platform that will offer users trading services for cryptocurrencies, tokenized stocks, and prediction markets. The crypto exchange is collaborating with Canadian regulators to advance the plan, but has not yet disclosed a specific launch date for the Canadian market. Earlier, Coinbase already provides prediction market and stock trading services in the United States.