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

June 17 — Digital asset infrastructure provider BitGo (BTGO) unveiled a $50 million stock repurchase plan Wednesday, sending its shares surging by as much as 20% in intraday trading. The program authorizes BitGo to buy back up to $50 million of its common stock through open-market purchases, privately negotiated transactions, or block trades—equaling roughly 8% of its outstanding shares. The repurchase plan is effective immediately and has no fixed expiration date. Even with Wednesday’s price gain, BitGo’s stock remains down approximately 65% from its New York Stock Exchange debut back in January. The company’s IPO price was $18, while recent trading sits around $6.07. BitGo’s slump reflects fading investor confidence in digital asset-linked stocks. Following last year’s boom in crypto company IPOs, falling Bitcoin and other cryptocurrency prices have shifted market attention to AI firms and high-profile tech names like SpaceX (SPCX). Several crypto players—including Kraken and Consen

Re, a decentralized reinsurance protocol, announced on June 17 that it has secured a strategic investment from Coinbase Ventures.

On June 17, Bitget data shows SpaceX’s price is down over 5% at $191.67 as of current trading, after an initial 5% rally in early trading.

June 17 — Wintermute announced that it has completed the first over-the-counter (OTC) options trade for SpaceX, which trades under the ticker symbol SPCX.

June 17 – As the Federal Reserve gears up to announce its interest rate decision, Fidelity Investments analysts note that the first major public appearance of newly confirmed Fed Chair Kevin Warsh could be a key trigger for market volatility—especially in the bond sector. Julian Potenza, Fidelity’s fixed-income investment manager, emphasized that Warsh’s communication style will directly shape how markets react once investors digest the central bank’s policy statement and quarterly economic projections. “Right now, almost no one expects the Fed to actually adjust rates,” Potenza said. “But with Warsh’s approach to conveying his views still unclear, there’s plenty of room for market swings. It’s standard for investors to ‘test’ a new Chair shortly after they take office.” Markets broadly expect the Fed to hold its policy rate steady in the 3.5% to 3.75% range while shifting its statement to a more neutral stance—ending the persistent dovish trend that began in 2024. Some officials

June 17: U.S. optoelectronics concept stocks rallied across the board, per Bitget data. Credo Technology (CRDO) surged over 6%, AXT Inc (AXTI) climbed more than 5%, Astera Labs (ALAB) and Marvell Technology (MRVL) each rose over 4%, while Coherent (COHR) and Ciena (CIEN) added more than 2%.