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

Per Coingecko data, Curve’s stablecoin crvUSD has slightly depegged on February 2nd, hitting an intraday low of $0.9858 earlier today and currently trading at $0.9928.

On February 2, per Onchain Lens monitoring, a new crypto address withdrew 5.78 million USDT from Binance and purchased 2551 ETH at $2,266 each.

On February 2nd, per GMGN monitoring (via https://gmgn.ai/sol/token/i_m4TE56o8_0xb695559b26bb2c9703ef1935c37aeae9526bab07), MOLT—a meme coin on the Base ecosystem—rallied another 40%. It currently holds a market capitalization of $50.5 million, with a price of roughly $0.0005, marking a nearly 120% jump over the past 6 hours. Earlier, Naval Ravikant, a well-known Silicon Valley angel investor, noted that Moltbook is the "new reverse Turing test." BlockBeats advises users that meme coin trading is highly volatile, relying heavily on market sentiment and concept-driven hype, with no inherent value or practical use case. Investors should be mindful of the risks.

February 2nd – Per Glassnode analyst Chris Beamish, Bitcoin has fallen below the average cost basis of U.S. spot ETF holders (roughly $84,000), leaving ETF investors with unrealized net losses. Beamish noted this marks the first real stress test for U.S. spot Bitcoin ETF holders. As U.S. stock markets open, investors will choose between adding to positions or panic selling—with tonight shaping up to be that critical stress test.

February 2nd Per HyperInsight (https://t.me/HyperInsight) monitoring: - BTC’s morning price drop triggered liquidations of several large on-chain positions, while some whales bottom-fished or went long. - 9 whales with >$1M holdings shorted BTC at high leverage, with liquidation prices ranging from $77k to $80k. All now face unrealized losses. - Address 0xbb8... closed its position via stop-loss before publication. - 5 other whale positions are near their liquidation lines (prices ~$78k): 0xb56, 0x7a8, 0xb86, 0x801, 0x93a. - Closest to liquidation: 0x7a8 was partially liquidated at press time; its next liquidation price is $77,800, with current position size ~$960k. - Largest position: 0xb56 holds ~$4M, liquidation price $78k, now facing a -140% unrealized loss.

February 2nd — Per HTX market data, Ethereum briefly topped $2,300 and is now trading at $2,293.42, with its 24-hour decline narrowing to 0.94%.