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

Elon Musk posted on social media, stating, "I will no longer use AI (artificial intelligence); SI (superintelligence) is better." Earlier reports noted that Trump signed an "ethically binding" artificial intelligence document and also renamed AI to SI.

Glassnode’s report indicates that Bitcoin’s long-term holders (LTHs) have remained profitable throughout this cycle. Since 2015, no previous bear market has seen this dynamic. In every prior bear cycle, the LTH MVRV ratio fell below 1 at the cycle’s low point, signaling the group as a whole was in unrealized losses. However, for this cycle, the LTH-MVRV ratio stayed above 1 even at its lowest level and has now started rising again.

According to TradingBeats monitoring, Hyperliquid whale address 0xeadc holds around 501 million PUMP long positions, with a position value of approximately $3.24 million, 5x leverage, an average entry price of ~$0.0032, unrealized profit of about $1.625 million, and a position return of roughly 504%. The address has now reduced its net PUMP long positions by approximately 119 million units. The marked price of PUMP perpetual contracts on Hyperliquid is currently around $0.0065, up approximately 18.5% in the past 24 hours.

A spokesperson for Iran’s Ministry of Foreign Affairs stated that Iran has responded to the U.S. proposal. The U.S. proposal, similar to previous ones, focuses on the nuclear issue, while Iran hopes to shift the focus to the Strait of Hormuz. (Jinshi)

According to HTX market data, Ethereum has broken through the $2,700 mark, with a 0.75% increase in the past 24 hours.

According to a Wall Street Journal report, the White House has established the "Super Intelligence Force" task force, chaired by Director of National Intelligence Jay Clayton. The body will assess AI risks and opportunities within 120 days, clarify federal government responsibilities, and study how to ensure the U.S. maintains its leadership in the superintelligence field while safeguarding American public interests. The task force views the AI industry as the primary force for managing technological risks, but will collaborate with enterprises to identify risks and opportunities, and review existing laws as well as potential measures Congress may take. Its mandate requires developing plans to address social threats related to superintelligence, while avoiding stifling innovation and competition due to overregulation or regulatory capture. The group will also evaluate early warning and government notification mechanisms for incidents such as data breaches, cyberattacks and model jailbreaks. It has three deputy chairs, responsible respectively for coordinating stakeholders in AI enterprises, critical infrastructure and other industries, as well as issues related to consumers, children, privacy and free speech. Members include U.S. Vice President Vance, Secretary of Defense Hegseth, Treasury Secretary Bessent and White House Chief of Staff Wells, among others; David Sacks and former U.S. Secretary of State Rice will serve as external advisors. The work may be extended beyond the 120-day period if necessary, or transferred to other government agencies.