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

**February 19 Update** Senator Elizabeth Warren—a senior member of the Senate Banking Committee—has sent a letter to Treasury Secretary Scott Benett and Federal Reserve Chair Jerome Powell urging the administration not to use taxpayer dollars to bail out the cryptocurrency industry. In the letter, Warren warned any form of assistance would amount to “transferring wealth from American taxpayers to cryptocurrency billionaires”—a move she called not only “extremely unpopular” but also one that could directly benefit former President Donald Trump and his family’s crypto project, World Liberty Financial. The letter arrives as Bitcoin has plunged more than 50% from its all-time high and hit a local low of $60,000. On the same day, World Liberty Financial hosted the inaugural “World Freedom Forum” at Mar-a-Lago, drawing crypto industry executives and crypto-friendly policymakers. Warren also referenced the Financial Stability Oversight Council’s February 4 hearing, noting Benett h

As of February 19, Arkham data indicates the United Arab Emirates (UAE) has mined a total of $453.6 million worth of Bitcoin to date through its partnership with mining firm Citadel. The UAE is known to have retained the majority of its mined Bitcoin, with the last recorded outflow occurring four months ago. After accounting for energy costs, the country currently holds a $344 million profit from its Bitcoin holdings.

Per Farside Investors data (Feb. 19th), U.S. Bitcoin spot ETFs posted a net outflow of $133.3M yesterday, with: - BlackRock’s IBIT: -$84.2M - Fidelity’s FBTC: -$49.1M Separately, U.S. Ethereum spot ETFs recorded $41.8M in net outflows yesterday, including: - BlackRock’s ETHA: -$29.9M - Fidelity’s FETH: -$8.2M - ProShares’ QETH: -$3.7M ### Notes on American language habits reflected: 1. **Conciseness**: Uses "$X.XM" (million abbreviation) and short verbs ("posted", "recorded") common in financial alerts. 2. **Clarity**: Employs brand possessives ("BlackRock’s IBIT") to link issuers to their ETFs; lists key data with bullet points for readability. 3. **Flow**: Uses "Separately" (instead of "In addition") to transition between asset classes smoothly, a standard practice in U.S. financial news. 4. **Date formatting**: Abbreviates "February" to "Feb." and places dates in parentheses for brevity. 5. **Plurality**: Uses "ETFs" (plural) since multiple funds are refer

As of February 19, Arkham data shows Michael Saylor has accumulated $54.52 billion in Bitcoin purchases over five and a half years of continuous buying, with an average holding cost of $76,027. Currently, Bitcoin’s price is 12.4% below that average, leaving Saylor with an unrealized loss of $6.7 billion.

February 19th — U.S. Senator Bernie Moreno, a cryptocurrency supporter, says the much-anticipated Clarity Act — which aims to establish a clearer regulatory framework for the U.S. crypto industry — is expected to pass by April. Coinbase CEO Brian Armstrong joined Moreno for an interview where he noted they’re engaging with representatives from the crypto sector, banking industry, and U.S. Congress at the World Financial Forum (WLF) Crypto Forum to hash out solutions to market structure issues. “One of the key past sticking points has been interest-bearing stablecoins,” Armstrong stated. The banking sector previously raised concerns that offering interest on stablecoins could undermine traditional banking, leading to deposit and interest outflows from banks. Though Armstrong had reservations about the draft and pulled his support for the Clarity Act in January, he now says: “We have a path forward for a win-win-win — a win for crypto, a win for banks, a win for U.S. consumers — to

Feb. 19: Crypto journalist Eleanor Terrett shared on social media that the third stablecoin regulation meeting is set for tomorrow—Feb. 20—at 9:00 a.m. ET at the White House. A small group of crypto and banking industry reps are expected to attend.