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

U.S. Treasury Secretary Scott Bessent noted during a fireside chat at the G20 summit that the U.S. energy sector’s “3-3-3” plan targets crude oil equivalent. Since Trump took office, U.S. daily oil production has risen by 1.6 million to 2.2 million barrels, he added, emphasizing that risks must be mitigated. Bessent also said bypassing the Strait of Hormuz will be achievable within two years, at which point the strait will become “worthless waters” as oil will be transported via onshore pipelines instead of through the strait. When discussing the Iran issue, he pointed out that 85% to 90% of Iranian factories have reconstruction capacity, and Iran may hold the world’s third-largest energy resources. Additionally, the U.S. may announce bank sanctions this week and next, having secured strong support from the European Union, European Central Bank, the U.K., the U.A.E., and Bahrain. The U.S. has adopted a zero-tolerance stance toward Iran, aiming to strangle its economic development, and will also focus on Iran-related aircraft leasing firms. Bessent stated: “We are aware of Iran-related accounts in the British Virgin Islands. Funds stolen from the Iranian people can be returned to them, or Iranian funds can be used to assist terrorism victims.” (Jinshi)

Bitcoin kicked off September on a weak note, falling below $78,000. Since 2013, September has been Bitcoin’s worst-performing month on average, with an average decline of around 3% and only five monthly gains, earning it the market nickname "Rektember". However, Bitcoin has posted gains in each of the past three Septembers. It rallied roughly 25% in August, its strongest monthly performance since November 2024, and may face short-term consolidation or even correction pressure. The macroeconomic environment is also weighing on assets. After Federal Reserve Chair Waller delivered hawkish signals at the Jackson Hole Economic Symposium, global bond markets sold off, pushing the U.S. 10-year Treasury yield to as high as 4.784%. Markets currently assign a roughly 66% probability of a 25-basis-point rate hike by the Fed on September 16, and are pricing in potential additional hikes this year. Higher interest rates typically tighten financial conditions, boost the U.S. dollar, and weigh on risk assets like Bitcoin. Meanwhile, persistent tensions in the Middle East have lifted oil prices, with WTI crude trading near $88 per barrel, while gold fell more than 2% on Tuesday. Traditional markets also face seasonal headwinds: since 1975, September is the only month with a negative average performance for the S&P 500 index.

Elon Musk stated in his speech at the G20 summit that he expects artificial intelligence to significantly boost productivity, noting that AI could lift the global economy by 20% to 30%.

According to GMGN data, Solana ecosystem meme coin USELESS has rallied over 50% in 24 hours, now trading at $0.1051 with a market cap of $104 million. On the news front, earlier today, the figure known as "Bonk Guy" reflected on his meme coin trading track record, disclosing he once traded BONK with 6x leverage for $16,000 and pocketed over $20 million in profits. Though he later gave back all those accumulated gains on October 10, this isn’t his only high-value trading win. He added that during the last cycle, he also grew funds ranging from low five to six figures to over $5 million to $10 million via trades of meme-related tokens including DOGEGOV, MAGA, and Roaring Kitty. Unipcs also noted that his current bullishness on USELESS is even stronger than when he traded BONK in 2023, pointing out that USELESS previously surged from a market cap of around $4 million to $450 million outside of a bull market, and could see even larger upside if it experiences a genuine bull market for the first time in the future.

Beating AI News Brief: Pi’s GitHub Repository Surpasses 100,000 Stars, Official Teases Upcoming Pi v2. Pi is an open-source Agent harness that also provides a terminal Coding Agent. Over the past month and a half, Pi has been rewriting its underlying Agent runtime framework. At the end of July, it first unveiled Harness v2, adding key features including task persistence, crash recovery, and multiple execution lanes. Shortly after this design was integrated into official APIs in early August, the team began work on Harness v3, which involved a full redesign of storage and runtime states. The v3 work was later consolidated into the current unified harness.md. The new Harness is designed to let Agents resume from their last safe state even if the process crashes mid-execution, and support parallel execution of multiple Agent tasks on the same session history. The current dev branch still has hundreds of commits not yet merged into main, with the new Harness under rapid development.

According to GMGN market data, the BSC-based meme coin "Niu Lai" has fallen more than 21% in 24 hours, with its market capitalization dropping to $87 million. BlockBeats reported yesterday that all screenings of the movie "Niu Lai" have been extended to 23:59 on October 4, 2026. As of press time, the film "Niu Lai" has accumulated a box office (including pre-sales) of over 60 million yuan, and AI forecasts its total box office will exceed 69 million yuan.