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

May 7 – Surging demand for AI chips has pushed South Korea’s stock market past Canada to become the world’s seventh-largest. YTD data shows South Korea’s listed firms’ market cap has surged 71% to $4.59 trillion, while Canada’s is up ~7% to $4.5 trillion. Recently, Samsung Electronics and SK Hynix—both now valued over $1 trillion—have seen their stocks more than double this year. Their leading positions in AI chips have made their products and shares highly sought-after. South Korea’s KOSPI index is up over 70% YTD, whereas Canada’s benchmark S&P/TSX Composite Index (heavy on resources and financials) has risen just 7%. “Buoyed by the AI-driven memory chip cycle, South Korea’s stock market cap is likely to keep expanding,” said Ha SeokKeun, CIO at Eugene Asset Management. (Golden Finance)

**France Deploys Carrier Strike Group to Southern Red Sea for Hormuz Escort Prep** France announced Wednesday local time it has deployed its **Charles de Gaulle aircraft carrier strike group** to the southern Red Sea, preparing for a potential future mission escorting vessels through the Strait of Hormuz. The task force includes an Italian warship and a Dutch frigate. The country noted the ongoing Hormuz blockade continues to harm the global economy, calling the risk of escalation "unacceptable." It is pushing a **European-led neutral escort plan** and urging the U.S. and Iran to accept a mediation proposal. Under France’s proposal: - Iranian vessels would remain allowed to transit the strait. - Iran would commit to U.S. talks on nuclear issues, missiles, and regional matters. - The U.S. would lift the blockade. - France plans to coordinate a multinational force for safe ship escorts. The French military said the deployment aims to: - Assess the regional operation

On May 7, Yunfeng Financial (00376.HK) subsidiary Yunfeng Yoyow officially launched its "Physical Gold Token" product, available exclusively to accredited professional investors. Backed by AlphaToken’s blockchain and real-world asset (RWA) tokenization infrastructure, the offering aims to deliver compliant gold digital asset allocation services for professional investors. Each token is fully collateralized by 1 gram of LBMA-certified gold with 99.99% purity. The underlying gold is stored in an internationally accredited vault, with transparency and security ensured via independent audits and a full-reserve custody framework. AlphaToken noted its AlphaChain network and RWA tokenization system—built on proprietary infrastructure—integrate KYC, AML, asset issuance, auditing, and risk control processes. This enables licensed financial institutions to issue and manage assets on-chain. Yunfeng Financial described the launch as a key milestone in its RWA initiatives. The firm plan

**May 7th: WTI Crude Sell-Off Sparks Insider Trading Suspicions Ahead of US-Iran Ceasefire Report** A massive $1.7 billion sell-off jolted WTI crude oil futures abruptly before Axios reported the U.S. and Iran were close to a ceasefire memorandum of understanding (MOU), fueling claims of insider trading and early information leaks. ET market data shows: Between 3:40–4:10 a.m.—with no major breaking news—traders piled into nearly 10,000 crude short contracts (notional value ~$920 million). Roughly 70 minutes later, Axios cited U.S. officials to break that the two sides were near a 14-point conflict-ending agreement. Oil prices then plunged over 12%, leaving the short positions with ~$125 million in temporary unrealized profits. Several energy traders noted early-morning trading is typically thin, making the large-scale, precise trades “highly unusual”—raising questions about traders accessing the news early. Axios reporters denied colluding with market participants to manipulat

On May 7, CertiK issued a security alert noting that approximately $5.87 million in pre-approved funds were stolen via the contract address 0xeEeEEe53033F7227d488ae83a27Bc9A9D5051756. The attacker registered as an “AllowedOrderSigner” through a public function before executing orders to transfer funds from victims’ addresses. CertiK is urging users to immediately revoke authorization for the vulnerable contract to prevent further asset losses, and calling on the community to remain vigilant.

**U.S. Stocks Notch Fresh Highs; Trump Highlights Market, Jobs & 401(k) Gains** On May 7, former U.S. President Donald Trump said the stock market hit a new all-time high that day, noting jobs and 401(k) plans are flourishing. Earlier Wednesday, BlockBeats reported U.S. equities closed with the Dow Jones Industrial Average up 1.2%, S&P 500 up 1.4% and Nasdaq Composite up 2%. The Dow briefly reclaimed the 50,000-point mark intraday, while the S&P 500 and Nasdaq notched fresh record highs. Nvidia surged 5.7% to a $5.05 trillion market cap. Google rose nearly 3%, and Intel gained 4%.