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

On November 21st, according to informed sources, the prediction market platform Kalshi has secured $1 billion in its latest funding round, with the company being valued at $11 billion. This is less than two months after the seven-year-old startup announced a $300 million funding round and a $5 billion valuation. Insiders pointed out that this round of funding was led by Kalshi's existing shareholders, Sequoia Capital and CapitalG. Other investors also include a16z, Paradigm, Anthos Capital, and Neo. According to Bloomberg, Kalshi's main competitor, Polymarket, was also in talks for a new funding round last month, with a valuation range of $12 billion to $15 billion. Just a few weeks ago, Polymarket completed a $1 billion funding round at an $8 billion pre-money valuation. Since last year, both Kalshi and Polymarket have witnessed a significant rise in popularity as they both enable users to bet on the outcomes of presidential elections. Earlier this month, both platforms accurately

On November 21st, as monitored by OnchainLens, "Buddy" Huang Lilin once more deposited 115,000 USDC into HyperLiquid to continuously increase his 25x leveraged long position in ETH. The liquidation price was $2,818.30. Interestingly, during the opening process, he was partially liquidated.

On November 21st, according to the monitoring of @EmberCN, Movement has once again transferred 50 million previously repurchased MOVE tokens (valued at approximately $2.51 million) to Binance. In March, Movement was obligated to repurchase tokens worth $38 million. Subsequently, they transferred a total of 180 million MOVE tokens from Binance to the on-chain public address for repurchase, with an average repurchase price of $0.21 per token. However, after completing the repurchase, they have gradually transferred MOVE back to Binance. Currently, 115 million repurchased MOVE tokens (valued at approximately $10.91 million) have been retransferred to Binance. At the time of this writing, MOVE is currently trading at $0.05, with a 4.32% decrease in the last 24 hours, a 36% decrease in the last 30 days, and a 61% decrease in the last 90 days.

On November 21st, when U.S. stocks closed on Thursday, the Dow initially saw a decline of 0.84%, the S&P 500 dropped by 1.55%, and the Nasdaq Composite fell by 2.15%. Nvidia (NVDA.O) decreased by 3.1%, reaching a 5% increase at one point during the trading session. In the cryptocurrency field, Bitcoin dropped to a low of $86,100 at 3:00 am this morning and has now slightly rebounded to $87,200; Ethereum once fell below $2,800 and has now slightly recovered to $2,850. The recent large outflows from spot Bitcoin and Ethereum ETFs, along with the weak pullback in U.S. stocks, have all contributed to the downturn in the cryptocurrency market. Bitcoin mainly fell during the opening hours of the U.S. stock market and then rebounded and recovered during the Asian session, highlighting the selling pressure from the United States. At the same time, the market no longer anticipates a rate cut by the Federal Reserve in December because of the strong job numbers, which have reduced the risk of

November 21st: During the night, the Nasdaq dropped by more than 2%, and the stock markets in Japan and South Korea followed suit. The initial decline of the South Korean KOSPI index rapidly expanded to 4%. The Nikkei 225 index fell below 49,000 points, with an intraday decline of 2.03%. (Oriental Fortune Network)

On November 21st, U.S. Treasury Secretary Yellen stated that the Federal Reserve should pay attention to the data and continue its interest rate cutting cycle. (Associated Press)