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

Recently, as Bitcoin surged 20% in three days, investors are speeding up their return to the crypto "native ecosystem". Data shows that Binance's platform futures trading volume skyrocketed over 600% in three days, indicating investors may be ramping up positions in secondary market crypto projects. Standard Chartered has assigned initial ratings to multiple crypto market assets several times in the second half of this year, with most ratings followed by notable pump effects. As the market strengthens, most projects' tokenomics have positive feedback effects, and related projects may see market capitalization growth amid the crypto recovery. BlockBeats has compiled the rated projects and their target prices as follows: On June 16, Standard Chartered's research report initiated coverage on Uniswap, predicting its UNI token could rally 40 times to $100 by the end of 2030. On June 23, Geoff Kendrick, head of digital asset research at Standard Chartered, projected AAVE could reach $3,500 by the end of 2030, a roughly 50x increase from its ~$70 level when the report was released. On July 1, Standard Chartered assigned its first rating to Morpho, forecasting the project's token price could surge 33 times to $60 by the end of 2030. On August 10, Standard Chartered's research report initiated coverage on Chainlink, predicting its LINK token could rally 25 times from its current ~$8 to $200 by the end of 2030. Notably, yesterday, Standard Chartered analyst Geoff Kendrick stated that Bitcoin could rise to $100,000 by the end of 2026, with its current key technical level at $65,500. If this level is broken, it could confirm that the low point of this cycle has already occurred.

Whale "Set 10 Big Goals First" posted on X that he has reopened short positions at $76,000, noting the logic is straightforward: "When I opened long positions around $63,000, my stage target was originally $74,000. I still maintain the bull market has returned, and this judgment hasn’t changed. However, I’ve always believed this cycle should be a volatile upward trend, and so far, I haven’t seen enough signals from macro and market structure to support such a trajectory." He has now reduced the vast majority of his short positions. "This isn’t because I’ve changed my judgment, but to control risks. If prices continue to rally sharply here, $82,000 and even $84,000 are possible, so there’s no need to bet my entire position on my judgment being 100% correct. If the daily close is firmly above $80,500, I will admit this trade is wrong, close all positions, and step back for a while. If prices fail to hold here and turn weak again, I will consider adding back the short positions I reduced." The whale reaffirmed his mid-to-long-term outlook on BTC: "I remain bullish on BTC in the medium and long term, but being bullish long-term doesn’t conflict with short-term bearish trades. This short position is a bet on a pullback during the uptrend, not a return to the bear market. If I’m wrong, I will admit the mistake above $80,500. I still believe BTC will hit $100,000 by March next year."

According to monitoring by TradingBeats (formerly Hyperinsight), Binance transferred 500 million USDT to the Tether Treasury six minutes ago.

Citi’s report advises investors to maintain an overweight position in equities, and to add to their holdings if the market pulls back ahead of the U.S. midterm elections. The bank argues that despite recent concerns over artificial intelligence, factors including upwardly revised earnings expectations, improved liquidity conditions, and limited warning signals provide support. Citi remains bullish on U.S. stocks, and believes sector rotation may cap downside risks.

According to Glassnode data, Bitcoin erased its 3-month underperformance relative to the S&P 500 in just 3 days. Data shows that BTC has underperformed the S&P 500 for most of the time; however, when BTC outperforms the S&P 500, its excess returns are often significant.

According to HTX market data, Bitcoin briefly dipped below $77,000, currently trading at $76,853.39, with its daily gain narrowing to 6%.