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

According to an official announcement, Huobi HTX has listed CRWD/USDT and NES/USDT perpetual contracts, both with a maximum leverage of 10x. Meanwhile, Huobi HTX will hold the CRWD and NES contract trading contest from 15:00:00 on July 6 to 15:00:00 on July 13 (UTC+8), with a total prize pool of $20,000. During the event, users who complete registration and participate in CRWD/USDT and NES/USDT contract trading, with a cumulative valid trading volume of no less than 1,000 USDT, will be able to share the prize pool based on their trading volume rankings. New contract users who trade the event's designated contracts will also receive exclusive benefits.

A comparison of U.S. and South Korean tech stocks reveals a clear "leveraged ETF-dominated" structure among South Korean semiconductor leaders such as SK Hynix and Samsung Electronics. The total assets of single-stock ETFs and related products for these firms are several times the average daily trading volume (ADV) of their underlying stocks, while U.S. tech stocks including Micron Technology, Tesla, and Nvidia remain dominated by spot trading, with ETF sizes far lower than their ADV. Data as of June 29, 2026, shows: SK Hynix’s single-stock ETFs and related products total $190.4 billion, while its ADV is just $44.7 billion; Samsung Electronics’ corresponding figures are $124.3 billion and $44.9 billion. In contrast, Micron’s ETF size stands at $98.8 billion vs. an ADV of $274.7 billion; Tesla’s is $59.5 billion vs. $235.6 billion; Nvidia’s is $55.7 billion vs. $287.5 billion—U.S. stocks exhibit the opposite structure to South Korean equities. Due to the lack of individual stock option instruments in South Korea and a high share of retail investors, leveraged funds are highly concentrated in ETF products, leading stock prices to be more driven by passive rebalancing activities. Once the market declines, ETFs are forced to sell, but insufficient market absorption capacity tends to amplify price volatility, forming a unique "amplifier mechanism" specific to South Korean semiconductor market movements.

South Korea’s Supreme Court has proposed a draft amendment to its civil execution rules, aiming to establish procedures for the seizure, attachment, and realization of crypto assets, providing clear legal grounds for courts to enforce civil judgments involving cryptocurrencies. Under the draft, once a court issues a seizure order, the debtor will be immediately prohibited from disposing of the relevant crypto assets and required to hand over the assets to the court’s enforcement officer; the seizure takes effect officially after the officer receives the assets. In terms of asset disposition, the court may directly transfer crypto assets to the creditor at a value determined by the court, or instruct the enforcement officer to sell the assets. The officer may transfer the assets to a dedicated account of a Virtual Asset Service Provider (VASP) for sale, or entrust relevant platforms to handle the sale; if necessary, the assets may first be converted into more liquid cryptocurrencies such as Bitcoin before realization. Additionally, the draft amendment clarifies preservation measures for crypto assets during litigation, including provisional seizure and injunctions, to prevent debtors from transferring or concealing crypto assets. The South Korean Supreme Court stated that as civil cases involving crypto assets continue to increase, it is necessary to improve relevant execution rules. The draft will be open for public comment until August 11, and the revised provisions are expected to take effect officially in October this year.

As USD/JPY returns to near 162, the market has seen clear divisions over the yen’s future trajectory. Tatsuo Yamasaki, former Vice Minister for International Affairs of Japan’s Ministry of Finance, stated that the current yen exchange rate has deviated significantly from its fair level, noting that a rate of around 1 USD = 130 JPY is more aligned with fundamentals, adding that he would “not be surprised” if the yen rises to that level. Meanwhile, some market participants hold the opposite view. Jesper Koll, executive director of Monex Group, and Calvin Yeoh, an analyst at Blue Edge Advisors, argue that if the Bank of Japan (BoJ) continues to lag behind in monetary policy normalization, USD/JPY could even rise to 200 or higher. Yamasaki also warned that the recent absence of foreign exchange market intervention by the Japanese government should not be interpreted as a lack of willingness to act. He noted that Japan’s financial authorities have issued multiple warnings and demonstrated their readiness to intervene, leaving yen short sellers at risk of forced liquidation. Market participants expect the Japanese government may still intervene in the exchange market at an opportune time in mid-July.

Binance founder CZ posted on social media, stating, "I neither hold nor am aware of the newly issued meme coins CZ, TCC, and AB on BNB Chain. I only interact with active, energetic users in the community. May the best meme coin stand out."

According to official announcements, Binance has distributed Micron Technology bStock (MUB) dividends to the spot wallets of eligible users. Users who hold the token by June 15, 2026 will receive the dividend, which amounts to $0.15 per share and will be paid out in MUB tokens.