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

As of April 20th, per HyperInsight monitoring (https://t.me/HyperInsight): - The closest BTC whale to liquidation on Hyperliquid is address 0xec3, holding a 40x leveraged long position worth $10.04 million. Key details: average entry price $74,628, liquidation price $72,776, opened 4 days ago. - In the past 5 hours, this address placed a new market stop-loss order at $73,869, targeting a partial $2.37 million stop-loss (below its liquidation price). - The closest multi-million-dollar short whale near liquidation is the "Strategy Counterparty," holding a 40x leveraged BTC short position. Details: average entry $76,290, liquidation price $76,402, current unrealized profit $700,000 (106%). Most of the profit was used for repositioning today.

April 20, 2026 – On the first day of the Hong Kong Web3 Carnival, Binance Co-CEO He Yi joined a fireside chat themed “Reshaping Convenience: The Next Decade of Web3, AI, and the Smart Economy.” During the discussion, he stated: “I aim to boost Binance’s overall output and innovation capabilities, rather than just chasing growth tied to our current scale. Today, I’m putting forward a somewhat bold idea: While Binance previously set a goal to reach 1 billion users, we should now target 3 billion. This means Binance won’t just be a trading platform – it’ll evolve into a global financial infrastructure. Our services need to serve everyday people, the general public, everyone – covering daily payments, wealth management, and more. I want to encourage our employees to experiment and innovate more. As we keep pushing our business boundaries, our infrastructure must stay sufficiently stable.”

April 20, 2026 — On day one of the 2026 Hong Kong Web3 Carnival, Binance Co-CEO He Yi said during a fireside chat titled “Reshaping Convenience: The Next Decade of Web3, AI, and the Smart Economy”: “I believe the industry could see a revolutionary shift ahead. Often, when that pivotal moment arrives, we’re actually oblivious to it—yet when it hits, it might feel like just another ordinary day. Still, the changes it brings to our lives and its broader impact could be profound. For instance, global foreign exchange could shift entirely to blockchain down the line—ditching the traditional SWIFT system. We could also see all asset transactions become non-time-bound, running 24/7 globally—much like the crypto space. As a result, the entire world could rapidly enter a phase of exponential growth.”

April 20th — Per Coinglass data, Bitcoin is trading in a sideways range, and current funding rates across major centralized (CEX) and decentralized (DEX) platforms signal predominantly bearish market sentiment, as detailed below. **BlockBeats Note**: Funding rates are fees set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. They facilitate fund transfers between long and short traders—exchanges do not retain these fees—and adjust the cost or profit of contract holders to keep prices in line with the underlying asset. **Rate Context**: A 0.01% funding rate is the baseline. Rates above 0.01% indicate generally bullish sentiment, while rates below 0.005% signal predominantly bearish sentiment.

On April 20th, alternative data shows today’s cryptocurrency Fear & Greed Index stands at 29—up from 27 yesterday—indicating the market remains in "extreme fear" territory. Note: The index ranges from 0 to 100 and incorporates the following metrics: Volatility (25%), Market Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

On April 20th, Onchain Lens monitoring reveals that Silicon Valley mogul Wang Chuan sold 233,296 HYPE tokens at an average price of $41.46, netting 9.67 million USDC. He realized a profit of over $1.18 million from the trade and currently holds 8,529 HYPE tokens—valued at roughly $349,000.