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

According to Forbes, Bitcoin has fallen nearly 10% since surging past $81,000 last month, dropping to around $76,000. Amid growing concerns over U.S. debt, fiscal deficits, and global financial market turmoil, the crypto market has seen heightened volatility, with investors now closely monitoring whether U.S. Treasury Secretary Bessent will intervene in the bond market again. Ed Yardeni, president of Yardeni Research, said markets are worried that "bond vigilantes" are pushing yields higher to express dissatisfaction with massive government deficits, rising debt, and rapidly increasing interest costs. He forecast that if the U.S. 10-year Treasury yield reaches 5%, there will be strong demand for the bond market, potentially including action from Bessent. If necessary, Bessent may raise funds by issuing additional short-term Treasuries and use the proceeds to repurchase long-term bonds to avoid a panic sell-off in the bond market. Last month, Bessent unexpectedly pledged to support the bond market to lower government borrowing costs, a move that subsequently drove a notable rise in Bitcoin’s price. However, global bond yields have climbed again this week, with the U.S. 10-year Treasury yield hitting 4.814% at one point, its highest level since November 2023. Meanwhile, amid fears of a potential further escalation of U.S.-Iran tensions, international oil prices have returned to near $90 per barrel, pushing up financing costs for the U.S. and other major economies and intensifying market focus on Bessent’s next moves.

According to monitoring by on-chain analytics platform Lookonchain, the government of the Kingdom of Bhutan has just made another transfer of 400 BTC, valued at approximately $30.62 million.

According to Lookonchain's monitoring, the supply of USDT on the Tron network has increased by $4 billion over the past month, reaching $94.27 billion, surpassing the total USDT supply on the Ethereum network.

Over the past month, the $USDT supply on #Tron increased by $4B to $94.27B, surpassing the total supply on #Ethereum.

Insight Beating AI Flash News: Spanish firm Multiverse Computing has officially launched Quasar 438B, a 438-billion-parameter inference model. Independent testing by Artificial Analysis gave it a score of 43, higher than Mistral Medium 3.5’s 30 points, making it the highest-scoring European model on the current ranking. However, this "European No.1" still lags far behind global leading models. On the Artificial Analysis Intelligence Index Ranking, Claude Fable 5.1 max’s inference tier has already scored 66 points. Alibaba’s Qwen3.8 27B, with only 27 billion parameters, matches Quasar’s 43 points in the low inference tier, hits 44 points in the medium tier, and even reaches 52 points in the xhigh tier. Quasar has not released its weights, and Multiverse Computing has not disclosed its model architecture, training data, or actual activated parameter count. Some community members have questioned that it is fine-tuned from other models, but official documentation explicitly lists Quasar as an "Original Model".

According to monitoring by TradingBeats, a whale address starting with 0xf517 currently holds 106.36 BTC long positions, with a position value of roughly $8.133 million. However, the total size of its public orders on both the buy and sell sides has reached approximately $158 million, nearly 20 times the value of its current holdings. The core structure of these orders indicates the whale plans to expand its position during price dips and take profits in batches as prices rise. Its buy-side support zone is concentrated between $71,111 and $75,777. The address has placed a total of 3 buy orders, planning to acquire 1,049.84 BTC for a notional value of around $76.88 million. Two of these orders—at $75,777 and $71,111—were added today, totaling roughly $51.88 million. If all orders are filled, its BTC holdings will expand to approximately 1,156 BTC. The sell-side take-profit zones have been pre-set. The address has placed two "position-reduction only" sell orders at $77,777 and $88,888, which together cover its current 106.36 BTC long positions. Additionally, it has listed 164 regular sell orders between $84,509 and $108,888, planning to sell 715.69 BTC for a notional value of about $71.37 million. If the lower buy orders are filled first, the upper sell grid will primarily be used to take profits in batches on the newly added positions. Based on current static order calculations, even if all upper take-profit sell orders are executed, the address will still hold around 334 BTC long positions, maintaining a bullish outlook. BTC is currently trading around $76,500. Its first buy order tier at $75,777 is less than 1% away from the current price, while the higher take-profit grid extends all the way to $108,888. TradingBeats’ on-chain perpetual contract and address analysis tools are now live, enabling real-time access to Hyperliquid data—from tracing addresses to analyzing whale activities, with in-depth insights available at a glance.