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

edgeX announced it has recently completed a new round of organizational restructuring and is continuously recruiting core talents in engineering, risk control, product, and other key fields. Meanwhile, the platform is bringing in new partners, advancing cooperation in areas including liquidity, asset onboarding, deposit onramps, market expansion, and ecosystem development to further strengthen its global operational capabilities. Following the restructuring, edgeX will continue to enhance its platform security architecture and risk control systems, improve information disclosure, and boost on-chain verifiability, further elevating the platform’s stability, security, and transparency. On the product front, edgeX will prioritize expanding RWA trading pairs, deepening liquidity, and launching leveraged ETFs. Additionally, the platform will support multi-asset deposits via Circle’s onboarding tool and keep expanding on-ramp channels to lower user entry barriers and improve the global user fund onboarding experience. Furthermore, edgeX will roll out features such as copy trading and AI Agent trading to enhance retail users’ trading efficiency and experience. The platform noted that its team is still expanding and its product roadmap will continue to progress. Going forward, edgeX will focus on building around security, transparency, efficiency, and 24/7 global trading experience, and will announce more updates on its team, products, and ecosystem partnerships.

According to Coinbase’s official status page, the platform has noticed that some users are temporarily unable to place trades on its Prediction Markets feature via web and mobile channels. Coinbase stated that its team is investigating and resolving the issue, with no specific timeline for service restoration provided.

According to Arkham’s monitoring, a Bitcoin on-chain transfer has taken place from SpaceX’s labeled address for the first time in six months. Data shows a wallet controlled by SpaceX sent a small BTC test transaction to a wallet controlled by another company. Arkham stated that such small test transfers sometimes occur before enterprises carry out larger-scale treasury asset movements, though this does not necessarily signal a subsequent large transfer. Currently, there are no signs indicating SpaceX has started adjusting its Bitcoin reserves.

Despite South Korea’s stock market continuing to strengthen, driven by AI chip leaders including Samsung Electronics and SK Hynix, and the country having rolled out multiple capital market reforms, MSCI recently retained South Korea as an emerging market for the 15th consecutive year. The core reasons cited are restrictions on foreign investor access and insufficient openness of the offshore won market. Reports note that South Korean regulators have long feared that liberalizing offshore won trading could repeat the capital outflows and sharp won depreciation seen during the 1997 Asian Financial Crisis, and thus have not fully relaxed foreign exchange controls. While South Korea has implemented reforms including integrated custody accounts and extended won trading hours, won settlement remains limited to onshore markets, with MSCI judging that the market’s openness still falls short of developed market criteria. Institutions point out that if South Korea successfully upgrades to MSCI’s developed market classification in the future, it is expected to attract around $30 billion in passive capital inflows. However, South Korea’s weight in developed market indices would likely be only around 3%, lower than its current ~24% share in the MSCI Emerging Markets Index, leaving small and mid-cap stocks at risk of capital outflows. Analysts argue that South Korea’s long-standing "Korea Discount" valuation issue requires structural reforms—including tax system adjustments, boosted shareholder returns, and improved corporate governance—to be fundamentally resolved, rather than relying solely on market classification upgrades.

According to a Binance announcement, Binance Futures will roll out a total of 7 USD?-M TradFi (Traditional Finance) perpetual contracts on July 9: BOTUSDT, WENUSDT, INTWUSDT, SNXXUSDT, XBIUSDT, BNCUSDT, and FWDIUSDT, to further enrich trading options for traditional financial asset derivatives. Each contract tracks a specific underlying asset: BOTUSDT tracks RoboStrategy (Nasdaq: BOT), WENUSDT tracks U.S. chain restaurant brand Wendy's (Nasdaq: WEN), INTWUSDT tracks GraniteShares 2x Long Intel ETF, SNXXUSDT tracks Tradr 2x Long Sandisk ETF, XBIUSDT tracks SPDR S&P Biotech ETF, BNCUSDT tracks CEA Industries (Nasdaq: BNC), and FWDIUSDT tracks Forward Industries (Nasdaq: FWDI). All contracts are USDT-settled, support 24/7 trading and multi-asset mode. Leverage caps differ: 25x for BOT, WEN, INTW, SNXX, and XBI; 10x for BNC and FWDI. The funding rate is settled every 8 hours, with an upper limit of ±2%.

Bank of Korea (BOK) has submitted its latest views to the National Assembly’s Finance Committee, reiterating that South Korean won stablecoins should be primarily issued by a banking consortium, and recommending the establishment of a statutory policy coordination mechanism involving relevant regulators to strengthen the stablecoin issuance and regulatory framework. The BOK noted that this stance is aimed at safeguarding financial stability, and once again underscores its divergence with some political circles and industry bodies on the issue of stablecoin issuers. Meanwhile, the BOK announced it will continue advancing its deposit token pilot program in the second half of this year, with plans to apply the technology to government subsidy disbursement, consumption vouchers, charging infrastructure payments, and other real-world commercial scenarios. Deposit tokens, which are tokenized forms of commercial bank deposits, are seen as a key direction for South Korea’s tokenized finance. Due to long-running disputes over core issues like stablecoin issuance eligibility, the legislative process for South Korea’s Digital Asset Basic Act has remained slow. The BOK has long advocated that banks hold controlling stakes in stablecoin issuing institutions, while how to integrate digital assets such as stablecoins and RWAs (Real-World Assets) into the existing financial regulatory system remains a major point of contention in South Korea’s digital asset legislation.