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

Tether minted 1B $USDT on #Tron. The stablecoin market cap on #Tron has now surpassed $80.2B.

Bitcoin surged sharply on Tuesday, December 3, topping $92,000—driven by news that Vanguard, the world’s second-largest asset manager, will let investors trade Belldex’s Bitcoin spot ETF on its platform. Cardiff founder William Stern said in an email: “We just learned that Vanguard—once a staunch anti-crypto holdout—has finally opened its doors to Bitcoin spot ETFs. As the world’s second-biggest asset manager shifts from ‘critic’ to ‘distributor,’ it’s sending a clear signal to U.S. financial advisors: the coast is clear. Markets are actively front-running the imminent wave of capital inflows.” Glider fintech co-founder Brian Huang also weighed in, calling the news a “blockbuster overnight development.” “Vanguard was one of crypto’s staunchest opponents,” he noted. “They sought to protect clients, but it’s now clear demand for digital asset exposure outweighs their perceived risks.” Huang highlighted Bank of America’s latest shift too: the firm recently signaled openness to cl

Bloomberg reported Tuesday (Dec. 3) that shares of American Bitcoin Corp.—the crypto mining firm co-founded by Eric Trump—plummeted following the expiration of a lock-up period. Shares tanked more than 50% within 30 minutes of the opening bell, triggering multiple circuit breakers. By 2:30 p.m. ET, losses had pared, with the stock closing at $2.33—down 35% from the prior trading session. The firm rang the Nasdaq opening bell on Sept. 16.

On December 3, the Financial Times reported that AI startup Anthropic has retained law firm Wilson Sonsini to kick off preparations for what could be one of the largest initial public offerings (IPOs) in history, with a potential launch as early as 2026. People familiar with the matter told the FT that the firm is in talks for a private funding round that could value it at over $300 billion. Multiple sources added that Anthropic has been in discussions with several top investment banks about a potential IPO. These talks remain preliminary and informal, however, and the company has not yet narrowed its list of potential IPO underwriters. An Anthropic spokesperson said in a statement: “For a company of our size and revenue scale, operating as effectively as a public company is fairly standard. We have not decided when—or if—we will go public, and we have no updates to share at this time.”

On December 3, OnchainLens monitoring data shows a whale suspected of being linked to Ethena Labs recently received 46.79 million ENA from Bybit, worth approximately $12.78 million at current prices. Of this sum, 21.79 million ENA (around $5.23 million) came from funds the entity withdrew from Coinbase three and a half months ago. The whale currently holds a total of roughly 451.94 million ENA, with an estimated market value of about $121.8 million.

**Jupiter Unveils HumidiFi ICO Rules for Dark Pool DEX (Dec 3 Announcement)** Per official updates, Jupiter announced the initial coin offering (ICO) rules for its dark pool decentralized exchange (DEX) HumidiFi via social media on December 3. The ICO proceeds in three rounds—all first-come, first-served (FCFS), with sales ending immediately once quotas are filled. --- ### **Whitelist Round** - **Quota**: 60M WET (6% of total supply) - **Price**: $0.05/WET (Fully Diluted Valuation: $50M) - **Purchase Limit**: Tiered - **Timeline**: - Starts: Dec 3, 10 a.m. Eastern Time (ET) - Ends: Dec 3, 10 p.m. ET (or earlier if quota filled) ### **JUP Stakers Round** - **Quota**: 20M WET (2% of total supply) - **Price**: $0.05/WET (Fully Diluted Valuation: $50M) - **Purchase Limit**: Tiered - **Timeline**: - Starts: Dec 3, 10 p.m. ET - Ends: Dec 4, 10 a.m. ET (or earlier if quota filled) ### **Public Sale Round** - **Quota**: 20M WET (2% of total supply