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

Latest data from prediction market platform Predict.fun shows that, as of press time, in forecasts for NBA star LeBron James’ next team, the Miami Heat lead with a 47% probability, followed by the Cleveland Cavaliers (23%), Golden State Warriors (10%), Philadelphia 76ers (7%), and Minnesota Timberwolves (2%). Discussions surrounding James’ future destination have been heating up recently. The 41-year-old James told attendees at the July 17 Fanatics Fest event that he “won’t keep everyone waiting long,” adding that his decision on a new team is significant and he will not rush into it. Meanwhile, Miami Heat president Pat Riley publicly extended an olive branch to James, revealing he has held talks with James’ agent Rich Paul, describing the discussions as “very smooth.” Riley also cited Florida’s lack of state income tax, pleasant climate, and high-quality living environment as major draws for players, adding with a meaningful note: “We’ve successfully landed one plane, and now there’s another plane that needs to land.”

The final of the US-Canada-Mexico co-hosted World Cup will kick off at 3:00 AM on July 20 at New Jersey Stadium in the New York metropolitan area. US President Donald Trump has confirmed his attendance. The US has launched a "Level 1" special security operation for the event. Deployments at the venue include F-16 fighter jets, military snipers, and thousands of FBI agents, with temporary flight restrictions and no-fly zones implemented across New York and New Jersey. On match day, roads around the stadium will be under traffic control; fans are required to arrive at least four hours before kickoff, while media must complete check-in and security screening by 12:30 PM Eastern Time on July 19.

During the weekend when traditional markets are closed, on-chain Nasdaq Trade.xyz enables continuous trading and real-time price discovery unavailable in traditional finance via perpetual contracts, pricing in advance the upcoming Monday’s U.S. and South Korean stock market performance. Most popular U.S. stocks on Trade.xyz saw minor gains compared to their Friday post-close levels, with an overall slight uptick expected ahead of Monday’s trading. Their weekend performance is as follows: SpaceX is currently priced at $127.82, up from $124.14 at Friday’s U.S. market close; Micron Technology (MU) is at $849.99, versus $844.00 post-Friday close; SanDisk (SNDK) stands at $1368.9, compared to $1350 at Friday’s close; NVIDIA is priced at $202.37, down slightly from $202.55 post-Friday close; Marvell Technology (MRVL) is at $188.42, up from $186.76 Friday post-close; Intel is at $94.3, versus $93.98 at Friday’s post-close level; Google is at $346.5, up from $345.75 Friday post-close; AMD is priced at $491.2, down from $492.10 at Friday’s post-close. South Korean stocks were closed this past Friday. Over the three recent non-trading days, popular South Korean stocks on Trade.xyz have seen minor declines from their Thursday closing prices, with an expected 2-4% drop at Monday’s opening. Their weekend performance is as follows: Samsung Electronics is currently priced at $168.9, down from $171.5 at Thursday’s close; SK Hynix is at $1188.6, versus $1238 at Thursday’s close.

Analyst Darkfost noted that Bitcoin is currently forming a key support zone between $59,000 and $70,000, one of the most heavily defended price ranges in Bitcoin’s history. Of greater note, 50% of Bitcoin’s total circulating supply has changed hands above $59,000; this figure would be even higher if excluding the millions of BTC widely believed to have been permanently lost. A tug-of-war between bulls and bears is unfolding in this zone. Currently, short-term holders are notably active, with their behavior splitting between capitulation and accumulation. Many Bitcoin metrics are now in extreme sell or pessimistic territory, making an absolute bottom price impossible to accurately determine, while a bottom structure is currently taking shape.

According to on-chain analyst Ai Yi (Twitter handle @ai_9684xtpa), wallet address 0xf29…41244 has opened a $2.155 million TWAP (Time-Weighted Average Price) short position on Changxin Technology (CXMT). If fully filled, this will become the second-largest short position for CXMT on Hyperliquid. The TWAP order is sized at 300,000 CXMT with an average entry price of $7.1825; 1.14% of the order has been executed so far, and the account holds as much as $15 million in margin.

Kim Yong-beom, Chief of Policy Office of South Korea’s Presidential Office, clearly stated today on a KBS program that delisting single-stock leveraged ETFs—blamed as a main driver of recent sharp stock price swings—is "unthinkable". Investors are deeply engaged in these products, whose total size exceeds 10 trillion won. "Forcing delisting would itself cause massive market shocks, and we would also have to absorb selling pressure," he said. Kim also affirmed supplementary measures recently rolled out by South Korea’s financial regulators, including raising the margin requirement for leveraged ETFs to 30 million won in cash and setting a minimum trading unit of 20 shares. He noted that the measures "have largely addressed issues raised by the market and will mitigate side effects significantly once implemented." Kim further pointed out that leveraged products amplify their market impact twice over during downturns, calling for further discussions with regulators, asset management firms, and securities companies on minimizing market shocks during specific periods—especially narrowing the deviation between ETF net asset value (NAV) and actual closing price, and properly managing selling pressure generated to reduce this gap.