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

Grayscale Research Head Zach Pandl published a note stating that due to Senate scheduling and election-year political factors, the CLARITY Act is now unlikely to pass this year. Pandl noted that the bill’s failure would not immediately impact the development of Bitcoin, major blockchains, and stablecoin payments. Regulators including the SEC are expected to fill regulatory gaps through subsequent rules, particularly in the tokenized securities sector. However, the lack of a comprehensive market structure regulatory framework may drive more new investment and development activities to shift outside the United States.

According to data from South Korean securities firms, South Korean retail investors purchased $4.6 billion worth of U.S. stocks in July, a 627% month-over-month jump, marking the highest monthly purchase volume since January 2026. Net sell-offs in April and May stood at $469 million and $940 million respectively. In addition, July’s purchase scale was significantly higher than the 2025 monthly average of $2.7 billion. In 2025, South Korean retail investors’ U.S. stock purchases grew more than threefold compared to 2024. As a result, the amount South Korean retail investors spent on U.S. stocks last month exceeded their domestic stock purchases for the first time since February. Meanwhile, the Korea Composite Stock Price Index (KOSPI) has fallen 33% from its June peak, with roughly 75% of the decline driven by stock price drops of two major chipmakers, Samsung and SK Hynix.

Rising U.S. stock star researcher KawzInvests (@KawzInvests) posted, "I sold all my memory stocks months ago and went all-in on CPO-related stocks. It looks like everyone is starting to turn bearish on memory this weekend. The same thing happened with optics two weeks ago, when the market panicked over supposed capital expenditure cuts. There’s nothing that makes me want to buy something more than when everyone unanimously agrees it’s over." KawzInvests has 100,000 followers on X, and his posts mostly focus on high-volatility areas like AI infrastructure, optical communications, and small-cap growth stocks. His analysis draws logic from factors including supply chain positioning, order leads, partners, management changes, M&A potential, and valuation re-rating upside. His breakout trade was a bullish call on AAOI at the end of last year, when the stock was trading at just $30 before surging to over $220.

A volunteer security team recently used cutting-edge AI models to scan roughly 150 codebases related to core Bitcoin projects, discovering over a dozen vulnerabilities spanning wallets, cryptography libraries, and infrastructure projects. According to reports, the team leveraged models including Kimi K3, OpenAI’s GPT Sol, Anthropic’s Claude Fable and Opus, and Z.ai’s GLM 5.2 to identify vulnerabilities and generate supporting documentation. Team members stated each researcher is now finding approximately one critical vulnerability per hour. Over the past 12 hours, the team has submitted security reports to multiple projects, though the specific affected projects have not been disclosed. Recent security incidents involving platforms like Coldcard and Boltz also highlight that AI is being used by both security researchers and malicious actors to discover software vulnerabilities at a faster pace.

According to Onchain Lens monitoring, a whale has accumulated 387,830 LINK tokens from Binance over the past 30 days, worth approximately $3.22 million. Thirteen hours ago, the whale transferred his entire LINK holding to his Safe wallet.

As of August 7, 194 listed companies on South Korea’s KOSDAQ market have market capitalizations below the threshold for designation as administrative stocks, accounting for 10.6% of the market’s total 1,820 listed firms; 41 such companies are listed on the KOSPI market. Since July 1, KOSDAQ’s market cap threshold has been raised from 15 billion won to 20 billion won, while KOSPI’s threshold has been lifted from 20 billion won to 30 billion won. Companies whose market capitalization remains below the threshold for 30 consecutive trading days will be classified as administrative stocks. Once in this category, firms must restore their market cap to above the threshold for 45 consecutive trading days within 90 trading days; failure to do so will trigger delisting procedures. On the stock price front, 48 listed companies have disclosed risks of being designated as administrative stocks due to their share prices staying below 1,000 won for 25 consecutive trading days, including 38 on KOSDAQ and 10 on KOSPI. If the relevant companies fail to record any trading day with a share price of 1,000 won or higher by August 12, they may be classified as administrative stocks starting from the next trading day. (NATE)