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

Pre-market trading in US stocks saw Alphabet, Google's parent company, fall 10% after its quarterly revenue missed expectations and cash burn intensified.

According to market reports, Alphabet, Google's parent company, saw its stock price drop nearly 10% in after-hours trading after releasing its third-quarter earnings report early this morning. Driven by market volatility, CoinGlass data shows that the total open interest of GOOGL contracts across the network has increased by 64.32% over the past 24 hours, with the current open interest value standing at around $637 million. Among this, Bitget's GOOGL contract open interest reached $52.69 million, surging more than 69% in 24 hours.

Beating AI Flash News, October 29 — AI coding tool Command Code announced it has blocked a security incident linked to a large-scale distillation attack targeting Anthropic and OpenAI models. The company preemptively revoked all its API keys, requiring users to re-login to generate new ones. Over the past two weeks, OpenCode and Railway have successively encountered similar attacks. On October 17, OpenCode’s cloud console was breached, affecting roughly 1.4% of its console users; some third-party model keys may have been leaked, with some users reporting unauthorized charges of hundreds to thousands of dollars. On October 21, Railway was also hacked, leaving up to around 100,000 workspaces at risk of environment variable leaks. Investigators found from the attackers’ code logs that hackers specifically targeted AI service API keys. Railway assessed the attackers likely sought to use these keys to extensively call models and collect outputs for model distillation. Earlier, on October 14, Zeabur was also breached. The attackers focused on searching for AI API keys, even attempting to use stolen AWS credentials to access Amazon Bedrock, but the attempt failed.

According to Ember Monitoring, a whale or institutional entity transferred 694,300 HYPE tokens to Coinbase over the past four days, valued at $53.26 million.

CryptoQuant analyst Axel Adler Jr.’s latest report shows that the 30-day rolling distribution volume of Bitcoin’s long-term holders (LTH) dropped 22% week-over-week, indicating that potential selling pressure from long-term holders has eased. However, while Bitcoin’s price remains above the average cost basis of long-term holders, their unrealized profit margin is continuing to narrow. Adler notes that although long-term holders’ distribution activity has weakened, the shrinking profit buffer still warrants attention.

Per official announcements, Robinhood’s chain token issuance platform Pons now supports the 8 new stock tokens launched on Robinhood Chain yesterday: JPMorgan Chase, Visa, PayPal, BMNR, McDonald’s, Disney, Uber, and VanEck Gold Miners ETF. Separately, Pons announced it has proactively added liquidity for the Disney, PayPal, and McDonald’s stock tokens through the Pons treasury.