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

June 18 – According to on-chain data platform Santiment, the group of Bitcoin addresses holding at least 1,000 BTC has expanded their total holdings to approximately 7.17 million BTC, making up about 35.82% of Bitcoin’s circulating supply, hitting the highest level since March 14. Currently, there are roughly 2,044 addresses in this holding bracket. The data signals that large Bitcoin holders (commonly referred to as “whales”) have recently increased their overall holdings, with on-chain assets further concentrating into a small number of large addresses.

June 18 – Bitget market data shows South Korea’s KOSPI index notched an intraday record, rising nearly 1%. Japan’s Nikkei 225 index breached the 71,000-point threshold for the first time, marking another all-time high.

June 18 — Per CoinDesk: The U.S. state of Kentucky has filed a lawsuit against prediction market platforms Kalshi and Polymarket, alleging they operate illegal sports betting services without securing a local license. Kentucky prosecutors argue the platforms and their partners—including Coinbase, Robinhood, and Webull—failed to meet the state’s gambling compliance and user protection requirements, constituting illegal operations. The case has sparked a regulatory clash between federal and state authorities. The U.S. Commodity Futures Trading Commission (CFTC) has asserted exclusive regulatory authority over “event contracts” in related matters and has intervened in multiple state-level lawsuits.

June 18 (CoinDesk) — Fidelity Investments has officially rolled out the Fidelity Reserves Digital Fund, a new offering designed to deliver reserve asset management services for stablecoin issuers and institutional investors, capitalizing on the growing fund management demand spurred by the rapid expansion of the stablecoin market. The fund will invest primarily in high-liquidity assets including short-term U.S. Treasuries, cash, and repurchase agreements, in line with U.S. GENIUS Act regulatory requirements for reserve assets of payment-type stablecoins. Separately, State Street recently launched a comparable product, marking that major Wall Street asset management firms are stepping up their entry into the stablecoin reserve management market and competing for the cash and bond assets tied to stablecoins.

June 18: Per monitoring from Onchain Lens, the wallet linked to the "BTC OG Insider Whale" entity operated by Garret Jin has once again started adding to its HYPE token holdings. The address now holds approximately 71,092 HYPE tokens, valued at roughly $5.06 million, and an ongoing Time-Weighted Average Price (TWAP) order is still in execution. This wallet also holds a large portfolio of other crypto assets: around 1,268.33 BTC (worth about $81.7 million), 50,013 ZEC (valued at roughly $23.87 million), and 581,241 UNI (worth approximately $1.88 million).

June 18: Amid the gradual rollout of the EU’s Markets in Crypto-Assets (MiCA) regulatory framework, Binance’s compliance trajectory in the European market remains uncertain. Whether the crypto exchange can continue serving EU users long-term hinges on approval progress from French regulators. After Greek authorities rejected Binance’s local licensing application, France’s Financial Markets Authority (AMF) is viewed as a critical regulatory gateway. However, Binance hasn’t yet filed a full MiCA license application, and is still in talks with multiple EU regulators. Under MiCA’s "single passport" system, approval from any EU member state would grant Binance the right to operate across all 27 European Union nations, meaning a single country’s decision has major stakes for the platform’s regional business. EU regulators are taking a highly cautious stance on compliance risks, anti-money laundering protocols, and systemic financial risks posed by large crypto exchanges. The outcome of the