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

February 12th – Per Bitget market data, pre-market cryptocurrency-related stocks rebounded, with the following gains: - MicroStrategy (MSTR): +1.77% - Coinbase (COIN): +0.46% - Circle (CRCL): +1.62% - MARA Holdings (MARA): +1.19% - Riot Blockchain (RIOT): +1.01% - Bit Digital Immersion (BTBT): +2.77% - Blue Moon Digital (BMNY): +1.96%

Feb. 12 — Ethereum rebounded to break above $2,000, posting a 2.44% 24-hour gain, per HTX market data.

On February 12, the Hong Kong Monetary Authority (HKMA) released its **Hong Kong Banking System 2025 Review and 2026 Work Priorities**. Among this year’s key priorities are supporting the sustainable, responsible growth of the digital asset industry and advancing the "Fintech 2030" initiative, which focuses on three core areas: - Data & Payments (Comprehensive Risk Data Strategy) - Artificial Intelligence (Generative AI Sandbox++ and Financial Industry-Specific Models) - Tokenization (Regulatory Sandbox for Distributed Ledger Technology) ### Notes on U.S. language adaptation: 1. Used **key priorities** (more concise than "work priorities" for U.S. news brevity) 2. Added "which focuses on" to clarify the 3 areas (natural flow for U.S. readers) 3. Replaced "and" with "&" in "Data & Payments" (common in U.S. financial/tech shorthand for phrases) 4. Capitalized "Industry-Specific" (standard for compound adjectives in U.S. style guides) 5. Used bullet points (standard f

February 12 — U.S.-listed mining firm Cango Inc. (NYSE: CANG) has completed a $10.5 million equity financing from Enduring Wealth Capital Limited (EWCL), per MarketWatch. The company noted the proceeds will back its expansion into AI and computing infrastructure and further strengthen its balance sheet.

Per Onchain Lens monitoring, an address linked to the Bhutanese government transferred 100 Bitcoin (BTC) valued at $6.77 million to QCP Capital on February 12.

Bitcoin topped $68,000 on February 12, per HTX market data, posting a 24-hour gain of 2.1%.