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

Feb. 10 — Per Axios, sources familiar with the matter say Backpack Exchange, a centralized crypto exchange founded by ex-FTX and Alameda executives, is in talks to secure a new funding round with a pre-money valuation of roughly $1 billion.

Feb. 10 — Per market sources, Jump Trading is set to acquire a stake in Polymarket in exchange for providing liquidity.

On February 10, Bitcoin rallied past $70,000, per HTX market data, last trading at $70,299.

**February 10: FTX Founder SBF Alleges Persecution by Biden Admin in Political-Legal Campaign** FTX founder Sam Bankman-Fried (SBF) took to social media on February 10 to allege he is being targeted in a political and legal campaign by the Biden administration. He cited the following as reasons for the targeting: - Biden’s opposition to cryptocurrency, given SBF’s status as a prominent figure in the U.S. crypto community - His shift from being a Democratic donor to backing the Republican Party - Multiple clashes with SEC Chair Gary Gensler in Washington - The Biden administration’s “false claim” that SBF stole billions from users to trigger FTX’s bankruptcy — noting the funds were always present and FTX consistently had the ability to repay - A 70-page document drafted by former prosecutor Sassoon (later fired by the Trump administration) outlining extensive evidence the jury was barred from seeing, including FTX’s repayment capacity and legal opinions ### Notes on Am

As of February 10th, Bitget market data indicates the S&P 500 and Nasdaq have turned positive—up 0.5% and 0.8%, respectively. Crypto-related stocks are also broadly higher, with key moves below: - Coinbase (COIN): +0.66% - Circle (CRCL): +3.68% - MicroStrategy (MSTR): -1.72% - Bullish (BLSH): +10.86% - Bit Digital (BTBT): +0.56% - SharpLink Gaming (SBET): +3.77% - ETHZilla (ETHZ): +0.87% - ALT5 Sigma (ALTS): +2.35% - American Bitcoin (ABTC): -3.05% - Kindly MD (NAKA): +1.8% - Solana Co (HSDT): -6.85% Note: Duplicate entries for Bit Digital (BTBT) have been removed for clarity.

On February 9, CME Group officially launched futures trading for Cardano (ADA), Chainlink (LINK), and Stellar (XLM). Traders can leverage the capital efficiency and flexibility of these new contracts to expand their trading strategies—each also includes a micro version.