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

According to Lookonchain monitoring, crypto mining firm MARA, which holds 36,303 Bitcoin (BTC) valued at $2.34 billion, deposited 200 BTC worth $12.86 million with institutional custody platform NYDIG 10 hours ago. Mining peer Riot Platforms has also been continuously sending Bitcoin to NYDIG, depositing 381 BTC worth $24.51 million 10 hours ago.

Cathie Wood’s Ark Invest purchased approximately $21 million worth of Block Inc stock on Thursday amid a 6% drop in Block’s share price, alongside buying around $2.3 million in SpaceX shares. According to market data from BIT (bit.com), SpaceX rallied more than 6% on Thursday following a 13% slump the day before.

According to EmberCN’s monitoring, Pump.fun transferred approximately 84,768 SOL tokens to Kraken around 7 hours ago, valued at roughly $6.25 million at the time of the transaction. This transfer likely accounts for about 50% of Pump.fun’s fee revenue over the past 19 days.

Microsoft announced the official launch of its fourth cloud region in India, the India South Central region, in Hyderabad. The new region features three availability zones and an elastic design compliant with Indian regulatory standards and seismic zone requirements, capable of supporting large-scale mission-critical workloads. With this launch, Microsoft now operates four cloud regions in India, making it the largest hyperscale cloud service provider in the country. Microsoft stated that the new region will offer Indian enterprises more localized options to modernize critical systems, build new digital services in the AI era, and translate AI visions into measurable business impacts under an enterprise-grade security, compliance, and governance framework. Early adoption demand has been strong, with leading Indian companies including Adani Group, Bajaj Finserv, HDFC Bank, and PB Pay among the first to leverage the region. Microsoft revealed that Azure has maintained strong double-digit growth in India over the past two years, and the launch of the new region will further accelerate this momentum.

Bitcoin mining companies are selling $BTC. MARA, which holds 36,303 $BTC($2.34B), deposited 200 $BTC($12.86M) into NYDIG 10 hours ago. Riot Platforms also continues to send $BTC to NYDIG, depositing another 381 $BTC($24.51M) 10 hours ago.

According to people familiar with the matter, London-based AI cloud infrastructure company Nscale is informing potential investors that its total contracted revenue stands at approximately $51 billion, and it plans to hold its initial public offering (IPO) in the U.S. as early as September 2026. In its presentations to potential investors, Nscale disclosed its growth trajectory: its revenue surged to over $100 million in the second quarter of 2026, a sharp rise from around $37 million in the first quarter and roughly $33 million for the full year of 2025. Nscale had previously operated on a relatively small revenue scale; the size of its contracted contracts disclosed ahead of this IPO, along with its accelerated quarterly revenue growth, will serve as key benchmarks for the market to assess its valuation.