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

According to HTX market data, U.S. president-themed cryptocurrencies have rallied broadly, with specific performance as follows: TRUMP surged over 26% in 24 hours; MELANIA rose more than 13% in 24 hours; WLFI gained 0.66% in 24 hours and over 11% in seven days. On the news front, Trump released a flurry of pro-crypto announcements this morning, driving Bitcoin to rally and touch $70,000 at one point, while Ethereum rose more than 19% in 24 hours.

Samsung to announce 100 trillion won shareholder return plan. (Money Today)

According to Bitget market data, South Korea’s KOSPI index surged 6.28% intraday, SK Hynix rose 10.80%, and Samsung Electronics gained over 7%.

Whale "Sets 10 Major Goals First" Jasonleo shared a trade on social media 3 hours ago, revealing he had shorted 1,894 Bitcoin at the $69,826 level, with an unrealized profit of over $600,000 at the time of posting. He later outlined his shorting logic, stating the position has a very low stop-loss at $70,400 and take-profit targets between $68,000 and $66,500. Ten hours ago, Jasonleo posted his Bitcoin long position, which showed an unrealized profit of up to $13 million.

JPMorgan strategists warn that the market may view the U.S. Treasury’s unexpected move to push down long-term financing costs as lacking credibility, a development that could drive up term premiums and bond yields over time. The Treasury announced Wednesday it will at least double its bond repurchase scale to provide "greater liquidity support" — an action aimed at lowering long-term U.S. Treasury yields. But JPMorgan argues the measure is only a temporary fix, not a long-term solution: the U.S. economy is near full employment yet still running a 6% fiscal deficit. Strategists including Jay Barry wrote, "Without genuine fiscal consolidation, we worry the market will see this move as lacking credibility. If the Treasury becomes more opportunistic in debt management and further deviates from its 'regular and predictable' principles, this could lead to higher long-term premiums and yields." The total size of U.S. Treasuries has topped $40 trillion, making it harder for policymakers to control financing costs even as the U.S. government keeps issuing more government debt. A market survey shows roughly 60% of respondents believe the U.S. debt situation will continue deteriorating until it sparks a major crisis. (Source: Jinshi)

A-share listed company Yushu opened lower, currently down 15.01%, with a market capitalization of RMB 298.09 billion, after closing up 460% yesterday.