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

February 26th – Goldman Sachs economist Akira Otani noted in a research report that Japan’s government nominations of Uemura Ryuzaburo and Satoh Ayanosuke to the Bank of Japan (BOJ) Policy Board have reduced the likelihood of an early interest rate hike in April or June. The two nominees have not publicly commented on current economic policies, but both have advocated for aggressive fiscal expansion and loose monetary policy in recent years. Based on their past remarks, they are likely to take a relatively cautious stance on further rate hikes. Goldman Sachs maintains its baseline forecast that the BOJ’s next rate hike will occur in July.

February 26 — Bitcoin surged to nearly $70,000 early this morning, CoinDesk reported, and has since pulled back to around $68,300. Altcoins are outperforming Bitcoin across the board: Ethereum (ETH) is up 8.5%, Solana (SOL) 6.9%, and Cardano (ADA) 10.8%. This divergence typically signals a return of risk appetite to the market, as traders—believing the worst of the recent sell-off is over—are chasing higher-risk, higher-beta asset opportunities. ZeroStack CEO Daniel Reis-Faria noted: “The forced selling wave is fading. Altcoins are outperforming Bitcoin again, and more tokens are leading Bitcoin’s gains. The market is showing rotation.” Meanwhile, the crypto market’s macro backdrop remains fragile. Market maker Wintermute pointed out that as funds flow into defensive, tangible assets, cryptocurrencies are under pressure in sync with tech stocks, steadily losing upward momentum.

Feb 26 — Per Coinbob Popular Address Monitor (link: https://t.me/Coinbob_track_CN), the whale with an address starting with 0x939 currently holds ~$24.8M in BTC long positions, with a floating loss of ~$1.01M. It also holds ~$26.4M in short positions across 8 altcoins (ETH, XRP, ADA, etc.), all of which are now in floating loss today. This position structure likely reflects a hedging strategy: roughly equal long/short exposure, betting altcoins (with higher Beta than BTC) will hold up better in a market downturn. The strategy delivered steady gains during prior selloffs. However, today’s market rebound saw BTC rise ~4.4% — while most altcoins rallied far stronger (ETH +8.3%, XRP +5.9%, ADA +10.7%). This put the whale’s dual long/short positions under simultaneous pressure, expanding overall losses; its capital has shrunk by over $600k today. Since altcoins are rebounding faster than Bitcoin, the hedging strategy is incurring asymmetric losses. If the market continues to heat u

February 26 — AI startup Callosum has closed a $10.25 million funding round, per a *Fortune* report. The company is developing software to orchestrate AI workloads across different chip types, pushing back against the industry’s dependence on running ever-larger models across fleets of identical NVIDIA GPUs. The round was led by Plural, a European early-stage VC firm, with participation from angel investors including Charlie Songhurst, FiveAI’s Stan Boland, and John Lazar of the Royal Academy of Engineering.

On February 26, the Jupiter Prediction API launched open testing. Developers will be able to customize the prediction market’s frontend. The API includes built-in social features for analysis, portfolio management, copy trading, and more. It also enables the creation of an AI agent that automatically reads news, analyzes sentiment, and generates trade predictions.

On Feb. 26, Wang Bin—President of the Third Criminal Division of China’s Supreme People’s Court—stated at a press conference on the courts’ work in lawfully cracking down on telecom and internet financial fraud and property-related crimes that the courts will next focus on targeting key criminal groups and associated offenses. This includes leaders and core members of criminal groups, telecom fraud “financiers,” snakeheads organizing illegal immigration, groups providing armed protection for cross-border telecom fraud, violent crimes tied to fraud (intentional homicide, injury, kidnapping), and money laundering via virtual currencies or underground banks. Wang also noted the courts will step up property penalties against telecom fraudsters to cut off their economic gains. They will guide participants in “card fraud” to voluntarily compensate victims and disclose crimes, with return of proceeds and compensation considered in leniency for confessions and remorse. Those capable but