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

February 12 Per Cointelegraph, Bitcoin fell to $65,800 on Wednesday, dropping below its key intraday trendline again—sparking market worries that last week’s $60,000 dip may not have been the final bottom. Analysts note widening liquidity gaps in the $66k–$60k range, lifting the odds of Bitcoin revisiting its annual low of $59,800. After multiple rejections near the $70k–$72k resistance zone, Bitcoin has formed a series of lower highs. Its RSI is moving toward oversold territory, with price trading below key moving averages. Liquidation heatmaps show thin liquidity around the $60.5k range, signaling lingering downside risks. With overall market structure weakening, a failure to quickly bounce back above $68k would raise downside risks, potentially pushing Bitcoin toward the $65k support level. Traders currently expect Bitcoin to trade in a $60k–$72k range. Likewise, analyst EliZ notes Bitcoin is consolidating in a downward channel near $66.5k. A break below this level could

On February 12, Douyin announced that its video generation model Seedance 2.0 has officially been integrated into the Douyin app, desktop platform, and web version. Seedance 2.0 supports original audio-video synchronization, multi-camera long-form storytelling, and multimodal controllable generation. Currently, the model does not allow users to upload real-person photos as the primary reference. (Source: Jinse)

Feb 12 — Polymarket staffer Mustafa said the "1-Minute Price Change" prediction event is slated for the next phase and will involve the POLY token. As previously reported, Polymarket launched its "5-Minute Crypto Price Change" prediction event, which settles every 5 minutes and currently only supports BTC.

On February 12, Polymarket launched its "5-Minute Crypto Price Movement" prediction event. The event settles every 5 minutes and currently only supports BTC.

**February 12th Update** Per LookOnChain data, trader loracle.hl netted a $638,000 profit in under an hour by shorting BERA. Once BERA broke above $1, the trader initiated short positions and continuously added to them until the token hit $1.33. He closed all positions once BERA fell back below $1, locking in the $638,000 gain—all within 60 minutes. loracle.hl also holds the largest HYPE long position, with 1.53 million HYPE longs valued at $46.45 million.

On February 12, Matthew Sigel, VanEck’s Director of Digital Asset Research, revealed on social media that Coinbase CEO Brian Armstrong sold another 40,000 shares of COIN on January 5, 2026, netting approximately $101.6 million based on the stock’s price at the time. Coinbase’s stock has fallen from a peak of $444.64 to its current level of $153.2. Prior reports show Armstrong sold roughly $437 million worth of COIN in Q4 2024, followed by about $196 million in Q2 2025 and $268 million in Q3 2025. In total, he has executed 88 sell orders with zero buy orders—all transactions were reductions in his holdings, with no purchases on record.