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

June 19 — According to South Korean media outlet SBS, as South Korea’s virtual asset overseas transfer system is set to roll out this December, the government is considering expanding participation in the initiative to include financial technology (FinTech) firms beyond cryptocurrency exchanges. Industry insiders anticipate this move will formally open South Korea’s virtual asset-based cross-border remittance and foreign exchange market. Relevant government departments and industry stakeholders have confirmed that Seoul has recently begun drafting the enforcement decree for the revised *Foreign Exchange Transaction Act*, and is reviewing registration requirements for virtual asset transfer services. The partial amendment to the act was greenlit at a State Council meeting on the 2nd of this month, with a six-month transition period, and will take effect officially in December. The core of the legislation is to bring cross-border virtual asset transfers under the regulatory framework o

According to an official announcement, Upbit will list trading pairs for RE against KRW, BTC, and USDT on June 19th.

June 19 — Per market sources, officials stated that Iran is seeking assurances hostile actions in Lebanon will end before resuming talks with the United States.

As of June 19, data from Coinglass shows the Coinbase Bitcoin Premium Index briefly turned positive earlier this week before reversing course to negative, currently holding at -0.103% — a clear indicator of persistent weak buying momentum in the U.S. market. The Coinbase Bitcoin Premium Index is used to measure the spread between Bitcoin’s price on Coinbase and the global average Bitcoin price. A negative premium typically signals intense selling pressure in the U.S. market, a drop in investor risk appetite, heightened market risk aversion, or capital outflows.

On June 19, CryptoQuant founder Ki Young Ju posted to social media, warning that Bitcoin’s biggest current risk isn’t a sharp price crash—it’s long-term consolidation leading to a "boring market." He believes this kind of stagnation, even without a major pullback, will slowly erode the market’s core narratives and investor confidence, ultimately hurting demand and Bitcoin’s institutional premium structure. He further noted that the capital model powering Michael Saylor’s STRC isn’t vulnerable to short-term price drops; instead, it faces pressure from this long-term stagnant market. Without a strong bullish narrative to back it up, MicroStrategy’s (MSTR) market premium could get squeezed, creating bigger hurdles for its ongoing financing and Bitcoin-buying strategy. Ju stressed that the core driver behind every Bitcoin cycle has always been updates to its bullish logic narrative—not just price performance. Looking back over the past decade, Ju pointed to key Bitcoin narratives that ha

On June 19, New York-based startup General Intuition is in talks to raise roughly $3 billion, as the company develops a foundational model designed to train AI agents to move and act within spatial and temporal contexts. This fundraising round arrives just eight months after General Intuition spun out from Medal, a gaming video-sharing platform. At the time of that spinout, the startup completed a $134 million seed round. If this latest round is successful, General Intuition’s valuation will rise to over $20 billion. Sources with direct knowledge of the matter say the company has attracted support from investors including Jeff Bezos and Eric Schmidt, along with existing backers Khosla Ventures and General Catalyst. General Intuition was founded and is led by Pim de Witte, a Medal co-founder. It operates alongside co-founders Eloi Alonso, Adam Jelley, and Vincent Micheli—all researchers focused on world modeling and simulation technology. To access the original article and join Bloc