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

**Market Update: Pre-Market Moves & Goldman Sachs’ China AI Outlook (June 9)** Per Bitget market data, in pre-market trading today, VNET rallied more than 12%, GBS jumped over 8%, KC surged 6%, and BABA climbed nearly 1%. In a fresh research note, Goldman Sachs re-evaluated five key investor debates shaping the landscape of Chinese AI models: cross-border competitive dynamics between U.S. and Chinese AI model developers; intensifying price competition among domestic Chinese model operators; exponential growth drivers for "tokens" and the rationale behind the surge in token-related billing; capital expenditure (capex) / free cash flow outlook for cloud hyperscalers; and the morphological characteristics of agentic AI plus interactive interference among AI agents. The investment bank projects China’s daily token usage will reach 350 trillion by year-end. For the second half of 2026, Goldman Sachs names cloud and data centers as its most favored sub-industries, with top recommende

June 9 – Binance Alpha’s second KGeN (KGEN) airdrop is now live! Users holding at least 241 Alpha points qualify to claim 160 KGEN tokens on a first-come, first-served basis. If the full reward pool isn’t fully distributed, the required Alpha points threshold will automatically drop by 5 points every 5 minutes. Important reminders: Claiming the airdrop will consume 15 Alpha points. You must confirm your claim on the Alpha event page within 24 hours—unconfirmed claims after this window will be considered a forfeiture of your reward.

On June 9, CryptoQuant analyst MorenoDV noted Bitcoin demand has entered one of its most extreme contraction phases since 2019. The 30-day combined demand for spot and perpetual contracts has dropped to roughly -650,000 BTC—a historically rare level, having only occurred three times before. This market demand pullback is far steeper than a typical correction phase. Currently, not only is spot demand decreasing, but perpetual contract demand is also shrinking simultaneously. That signals both leveraged speculative activity and genuine buying interest are backing off, with marginal buying pressure dropping sharply. The current market setup aligns more with the early stages of an "ultimate washout phase" than a clear reversal, suggesting a period of low momentum and low-volume consolidation is likely after volatility picks up. Historically, when this indicator hits this level, it’s rarely an immediate bottom signal—it more commonly lands before or after a stretch of intense volatility o

June 9 — Per Hyperinsight’s monitoring, there are 7 whales holding million-dollar positions on Hyperliquid as of today. Of these, 6 are short positions, accounting for roughly 85.7% of the total. These large investors generally believe SpaceX will struggle to hit a $2 trillion valuation when it goes public. Two new short positions opened today have quickly risen to take the first and second spots in the position rankings. Currently, all four of the top positions are held by short sellers, signaling strong bearish sentiment. Hyperliquid’s SPCX is currently trading at $156, a 6.1% drop over the past 24 hours. Using SpaceX’s fully diluted reference share count of approximately 11.87 billion shares, this price translates to a market capitalization of around $1.85 trillion. Trading volume for this contract has already topped $100 million today. It’s reported that SpaceX is set to make its Nasdaq debut with an expected $2 trillion valuation, and its listing date is June 12 — just three da

News Flash | June 9th (via Arkham Monitor): On June 9th, per Arkham Monitor, a Zcash (ZEC) whale realized approximately $40 million in profits over a four-day period. The whale’s ZEC holdings hit a peak of around $174 million in value, but dropped sharply to roughly $66 million shortly after the Orchard Pool exploit was uncovered in early June. Later, following Zcash developers’ proposal for an emergency upgrade plan, the whale’s ZEC holdings surged by an additional $40 million in just four days.

June 9 – Serenity, the investor nicknamed the “White-Haired Stock God,” has released a rare, lengthy statement addressing the recent surge in public attention, outlining several non-negotiable red lines to clarify her boundaries and counter circulating speculation. In the statement, Serenity stressed she will never accept paid promotions, marketing deals, or external gifts, and emphasized any claims linking her to fee-related matters are scams or impersonations. She confirmed her only sources of income are $1 X platform subscriptions and creator revenue sharing, with no additional outside funds coming her way. When explaining her refusal of commercial partnerships, she said: “I post on X just for fun. Money would turn this into work, and I don’t want that vibe.” Serenity added her personal finances are stable, so she operates free of external influence, and pledged full transparency by disclosing all investment positions she holds. Regarding her Chinese stock research, Serenit