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

May 27: Bankless co-founder David Hoffman published a detailed post explaining why he liquidated his entire Ethereum spot holdings, emphasizing the decision was not made on impulse. Hoffman stated the big-picture narrative of "ETH as money" hasn’t collapsed—it’s just fully priced in and reached its inevitable end state. The Ethereum network is valued correctly for its current achievements, and the asset itself is unlikely to get a fresh reprice from the market, either up or down. He remains extremely bullish on the Ethereum network, believing its ecosystem will thrive massively—though only a tiny fraction of that success will keep showing up in ETH’s price. Hoffman’s core logic is this: Ethereum is a "giver, not a taker." It provides the most secure block space, global asset tokenization services, and a massive DeFi infrastructure all at near-cost to L2s and the broader ecosystem, with no markups on any services—effectively making it the world’s most successful open-source nonprofit.

May 27th — Analyst Murphy noted that after nearly 20 days of sideways consolidation, Bitcoin’s Short-Term Holder Realized Price (STH-RP) and the TMMP indicator have effectively formed a "death cross," with the red line finally crossing below the green line. Historical patterns show that once this death cross forms, Bitcoin’s price often stays suppressed by the STH-RP red line for an extended stretch, making it tough to break through and potentially even hitting a new low. Right now, the STH-RP red line has flattened out almost entirely, signaling that short-term market activity has dropped to a near standstill. Chips on either side of this average cost level are hesitant to trade, which lines up with earlier assessments of a sharp decline in trading enthusiasm. That said, this time is quite different from past cycles: the slope of this STH-RP cross is nearly zero. The steeper the slope, the greater the panic selling from higher-level holders, which makes breaking through resistance mo

On May 27th, according to on-chain analyst Ai Whale (@ai_9684xtpa), Ethereum (ETH) whale address 0x54d…e6029 acquired 2,400.38 ETH roughly 9 hours ago, totaling $5 million. Immediately after the purchase, the address placed a limit sell order on Cowswap within four minutes, targeting a projected $117,000 profit upon execution. The whale bought in at $2,083 per ETH, setting its sell target at $2,132, aiming to reap a $50 per ETH price difference on its $5 million investment.

May 27, Bitget market data reveals Micron Technology (MU) stock surged nearly 20% by morning close, crossing the $1 trillion market cap threshold to join the elite trillion-dollar market cap club. MU has also become a hot on-chain tokenized stock trading asset, with 24-hour contract trading volume across multiple platforms topping $1 billion: On Binance, MU perpetual contracts recorded over $600 million in 24-hour trading volume, with the annualized funding rate spiking to 337% as long positions piled in. On trade.xyz, a Hyperliquid ecosystem trading platform, MU notched $270 million in 24-hour volume, with open interest climbing to $167 million and an annualized funding rate of 51%, also dominated by long bets. OKX’s MU perpetual trading hit $214 million in 24-hour volume, carrying an annualized funding rate of 91% and leaning heavily toward long positions. Bitget’s MU perpetual contracts posted $61 million in 24-hour volume, with an annualized funding rate of 109%. Separately, Coin

On May 27, data from Bitget shows Hong Kong-listed chip stocks traded higher with modest fluctuations. Newly listed RootCloud Technology (03310.HK) surged more than 78%, ASL Automobile Science (02577.HK) rose over 11%, ChipMOS Technologies (02166.HK) gained over 7%, and SMIC (03986.HK) climbed more than 6%.

May 27 – Per OnchainLens, crypto whale "0x96e" sold 123,127 HYPE tokens at an average price of $61, converting them into 7.5 million USDC and netting a $2.5 million profit. The whale held the tokens for over a month and a half before the sale, having previously purchased HYPE tokens worth $5 million.