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

June 9 — According to on-chain analytics platform WhaleAlert (@ai_9684xtpa), a single crypto whale has added 366.65 Wrapped Bitcoin (WBTC) over the past 23 hours, buying at an average price of $63,540.98. Since yesterday, this whale’s total accumulations stand at 525.22 WBTC (roughly $33.29 million) plus 31,065.58 Ether (ETH), worth approximately $49.85 million. Combined, the whale’s current holdings of Bitcoin and Ethereum exceed $142 million.

June 9: "White-Hair Stock God" Serenity posted that anyone citing Bank of America’s recent bearish outlook should recall the firm’s March warning on EWY/KOSPI—Korean memory chip stocks tied to SK Hynix and Samsung—calling them an "extreme bubble." At the time, BofA blamed their rally on retail investors, implied retail traders should sell these chips, and even drew parallels to the 2008 financial crisis, dot-com bubble, and silver crash. Shortly after retail investors unloaded their long positions, however, the memory chip stocks surged to an all-time high. Serenity noted, "Institutions are not your friends," adding that unusually heavy negative news often surfaces when institutions need liquidity. Earlier, Bank of America Securities advised caution on U.S. equities, citing growing bearish signals that the market is nearing a peak. In a June 5 report, strategists led by Savita Subramanian wrote that roughly 70% of bearish indicators have triggered, aligning with averages seen at

On June 9th, monitoring by LookOnChain shows that the Pando Rings hacker sold 6,240 ETH it had purchased during the dip three days ago, receiving 10.29 million DAI and realizing a profit of more than $290,000.

On June 9, monitoring by Onchain Lens reveals a cryptocurrency whale has continued depositing USDC and USDT into Aave V3 to short ETH. To date, this whale has deposited a total of $132.16 million worth of USDC and USDT, while borrowing 35,001 ETH that has been transferred to Binance for sale.

On June 9, U.S. President Donald Trump tweeted that Israel and Iran are working toward an immediate ceasefire, with final peace negotiations underway. In response, Iran announced it would halt military operations against Israel, though it warned it would respond with full force if Lebanon is attacked again. Israel stated it will pause its strikes on Iran per Trump’s request, but cautioned that if Iran resumes attacks on Israel, Israel will retaliate forcefully. As the Israel-Iran military conflict de-escalated, data from Bitget shows U.S. stocks closed on Monday with mixed results: the S&P 500 gained 0.29%, the Nasdaq rose 0.86%, and the Dow Jones Industrial Average dipped 0.16%. Chip stocks, which had seen a sharp decline last Friday, bounced back on bargain-hunting activity. The Philadelphia Semiconductor Index surged 5.6% in a single day; Intel climbed 11%, Micron Technology rose nearly 10%, Marvell Technology added 9.6%, and Cerebras—dubbed an “NVIDIA Challenger”—jumped more than

June 9: BitMEX co-founder Arthur Hayes laid out his latest analysis in a piece titled “Reality Test,” warning that ongoing oil price hikes spurred by U.S.-Iran tensions could trigger a collapse in the AI stock bubble and drag down the broader crypto market. Hydrocarbon energy and oil prices are key drivers of the global investment system, Hayes noted. If traffic through the Strait of Hormuz remains restricted through the deep second quarter, spot prices for hydrocarbons and other critical commodities could surge sharply in the third quarter. Further oil price gains stoking inflation ahead of the U.S. midterm elections could prompt former President Trump to adopt a hardline stance on data center construction, AI regulation, and corporate taxes to win voter support. Markets may mistake this election strategy for actual policy, Hayes argued, leading investors to price in Trump clamping down on AI capital spending and levying taxes on AI companies—eventually sparking the AI stock bubble t