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

May 27: The U.S. White House stated that negotiations regarding the Iran issue are progressing smoothly, and President Trump has clearly drawn a red line.

May 27 — Iran's Labor News Agency reports that President Trump may unilaterally announce a U.S.-Iran agreement within hours to press for negotiations. Iran has made clear it will only recognize a deal once all outstanding issues are resolved, stressing that the final outcome will be announced by Iran itself.

On May 27, artificial intelligence coding startup Cognition announced the completion of a $1 billion funding round, valuing the company at $26 billion. The round was co-led by Lux Capital, General Catalyst, and 8VC, with additional participation from Ribbit Capital, Atreides Management, and Peter Thiel’s Founders Fund. Cognition AI focuses on AI-driven software development tools and is viewed as a key player in the AI programming space. Market observers note that this financing round further reflects ongoing investor enthusiasm for the “AI + software engineering automation” track. (Bloomberg) --- Click the original link below to join BlockBeats’ Beating · Feishu AI News Channel, where you can monitor global AI hotspots and news around the clock.

On May 27, new data from Bloomberg shows semiconductor and semiconductor-equipment stocks now account for roughly 18% of the total market capitalization of the U.S. S&P 500, marking a new record high. The sector now holds the largest weighting of any single industry group in the S&P 500. For context, during the peak of the 2000 dot-com bubble, tech hardware and equipment had a peak weighting of around 26%. Additionally, the PHLX Semiconductor Index (SOX) has climbed to its highest level since mid-2020 relative to the performance of the so-called "Magnificent Seven" tech giants. The SOX index has surged 159% so far in 2025, vastly outperforming the Magnificent Seven, which has posted a 30% gain over the same period.

On May 27, Bitcoin mining firm Bitdeer announced that its Chief Financial Officer (CFO) Jianchun Liu will step down at the end of June due to personal reasons, transitioning into a Chief Advisor role. Michael Potter, former CFO of Corsair Gaming, will take over Liu’s CFO duties. Potter served as Corsair Gaming’s CFO from 2019 to 2025 and was instrumental in the company’s 2020 initial public offering (IPO). Prior to that, he held senior positions at several technology and semiconductor companies, including Lattice Semiconductor, Honeywell, NeoPhotonics, and STATS ChipPAC. Bitdeer, which has recently expanded beyond Bitcoin mining into artificial intelligence (AI) and cloud computing infrastructure, now has annualized AI cloud revenue approaching $70 million, according to The Block.

May 27 — Bloomberg Senior ETF Analyst Eric Balchunas shared on X that the 2x leveraged SK Hynix ETF (ticker: 7709) listed in Hong Kong has seen its assets under management (AUM) surge nearly tenfold this year. It’s now Hong Kong’s third-largest ETF, making up roughly 8.5% of the city’s total ETF AUM. The fund has also seen exceptional trading activity, with daily volume exceeding $1 billion. When scaled to U.S. market terms, that translates to around $150 billion in daily trading — a level rarely witnessed in the global ETF space. Balchunas emphasized that, proportionally, this ETF’s size in the U.S. market would equate to an approximately $13 trillion product — a scale with no global counterpart as of yet. Industry observers note this trend signals growing investor concentration in Hong Kong’s derivative ETFs and single-asset leveraged products, while highlighting Asia’s rising activity in high-risk structured ETF trading.