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

Per Onchain Lens monitoring on December 4, Matrixport has withdrawn 2,805 BTC—valued at $260.11 million—from Binance over the past 8 hours.

On December 4, Jupiter announced that the public sale phase of HumidiFi (WET) has sold out, netting a total of $5.57 million across its Wetlist, JUP staker, and public sale phases. Successful participants will be able to claim their allocated WET tokens on Dec. 9 at 9 a.m. ET (the token generation event, or TGE, time), with the liquidity pool going live simultaneously.

December 4th — MicroStrategy (the largest publicly traded Bitcoin holder) could impact Bitcoin prices if it offloads some of its crypto holdings. JPMorgan Chase noted the firm can avoid forced selling by keeping its enterprise value-to-Bitcoin holdings ratio above 1.0; the metric currently stands at 1.13 as of December 4th. If this ratio stays above that threshold, Bitcoin markets may stabilize, easing recent downward pressure. MicroStrategy’s stock has fallen roughly 42% over the past three months amid the crypto slump. The company has also slowed its Bitcoin buying pace: it added 9,062 Bitcoins last month, versus holding 134,480 at the same point last year. Additionally, a potential MSCI index removal could trigger an ~$8.8 billion outflow. However, MicroStrategy holds $1.4 billion in dividend and interest reserves, letting it avoid selling Bitcoin even if prices drop further. ### Notes on American English adaptation: 1. **Accuracy**: Corrected "Strategy" to **MicroStrategy**

On December 4, Cointelegraph reported that the official website of meme coin PEPE was targeted in an attack and is currently redirecting users to a malicious link. Cybersecurity firm Blockaid noted: "Our system has detected a frontend attack on PEPE's official website, which contains the malicious Inferno Drainer code." Inferno Drainer is a suite of scam tools used by threat actors, including phishing site templates, wallet stealers, and social engineering tools.

On December 4, per HTX market data, Bitcoin fell below $92,000, posting a 0.75% decline over the past 24 hours.

On December 4, U.S.-listed Lion Group Holding Ltd. (Nasdaq: LGHL) announced an amendment to its securities purchase agreement to raise $9.984 million via convertible bond financing. The company will allocate $8 million of the net proceeds to purchasing Bitcoin (BTC) for its corporate treasury reserve.