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

On Feb. 25, Ethereum rebounded above $1900 and is currently trading at $1906, per HTX market data.

Feb. 25 — Per HTX market data, Bitcoin has rebounded past $65,000, currently trading at $65,309 with a 24-hour price gain of 1.05%.

February 25: Matt Western, chair of the UK National Security Council, is calling for a temporary emergency ban on cryptocurrency political donations to prevent foreign interference in UK elections. Western says such donations should be paused until risks tied to crypto political contributions—including thorough due diligence on fund sources—are addressed. The committee also pushed for a review of sentencing for electoral crimes, arguing a stronger deterrent is necessary. Western has sent a letter to Steve Reed, the Cabinet Office minister responsible for elections, urging immediate action: the latest Electoral Integrity Bill did not include provisions to restrict cryptocurrency donations. Earlier this year, Reform UK became the first party to accept crypto donations, reportedly receiving the first batch of registrable crypto contributions and launching a dedicated crypto portal. In his letter, Western expressed concern that amid a worsening global security environment, the com

**February 25 —** Financial tech firm TruStage has launched the USD-backed stablecoin **TruStage Stablecoin (TSDA)** in partnership with roughly 93% of U.S. credit unions, alongside blockchain firm Block Time Financial. A TruStage subsidiary will act as the token’s issuer, managing its 1:1 cash reserves. Block Time will provide operational support, including security protocols and digital account capabilities. TruStage is recruiting credit unions to join its pilot program, scheduled to run in the first half of 2026. The company expects TSDA to be used for: - Loan financing and settlement - Peer-to-peer (P2P) transactions - Cross-border payments - Settlement and payments between credit unions

On February 25, CryptoQuant data shows the average size of whale sell orders on Binance has dropped from roughly 2,250 ETH in early January to around 1,350 ETH recently. With 15 to 35 whale-level trades daily, cumulative sell volume since January 8 is estimated at 1.8 million to 2 million ETH. At an average $2,400 price point, this translates to $4.3 billion to $4.8 billion in total transactions. Analyst Darkfost notes the shrinking average order size signals “large participants are gradually exiting.” While small traders keep steady trading volume, big players are cutting direct order book interactions. This shift has temporarily weakened market depth, reducing ETH’s ability to handle short-term price imbalances. Meanwhile, ETH accumulation addresses added over 2.5 million ETH during February’s 20% price drop. Their total holdings rose from 22 million ETH at the year’s start to 26.7 million, highlighting stable underlying demand. Futures liquidation data shows $2 billion+ in short

As of February 25th, Onchain Lens monitoring indicates Vitalik Buterin has continued selling Ethereum (ETH). Over the past four days, he has offloaded 4,326 ETH, worth roughly $8.12 million. Since February 2nd, the cumulative total sold is 11,284 ETH—valued at $22.78 million overall—with an average price of $2,027 per ETH.