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

June 17: Roborock Technology (300757) announced that its wholly owned subsidiary FSG is collaborating with NVIDIA to co-develop manufacturing and testing solutions for next-generation Co-Packaged Optics (CPO) and optical interconnect technologies. The initiative aims to accelerate the industrialization of advanced silicon photonic devices and optical engines to support demand for AI deployments. In reaction to the news, Roborock’s stock climbed during the opening call auction at 9:23 a.m. local time, trading at 695 yuan—up 45 yuan, or 6.92%, from its previous close. The average opening price hit 650 yuan, giving the company a market capitalization of 116.49 billion yuan. At one point, the stock neared its 20% daily price limit of 780 yuan in the opening auction. However, the company flagged a critical risk in its announcement: The next-gen products and technologies are still in the co-development stage with customers, have not been commercialized, and Roborock currently holds no rela

June 17th: Zhizhi (02513.HK) announced today the launch and open-sourcing of its GLM-5.2 model. On the frontend development assessment platform CodeArena, with participation from millions of users worldwide, GLM-5.2 has achieved top performance among all globally available models. Designed specifically for long-range task capabilities, GLM-5.2 comes with the following new features: - 1M context window, providing stable support for long-range tasks; - Enhanced sensory experience and improved practical coding abilities; - Optimized infrastructure, enabling smooth operation on domestic computing power platforms from day one; - MIT open-source license, free from geographic restrictions, to promote cross-border technological equality. The 1M context window forms the core of GLM-5.2’s long-range performance. Multiple long-range task benchmarks show GLM-5.2 ranks between Claude Opus 4.7 and 4.8, making it the highest-performing open-source model globally. GLM-5.2’s online inference is suppo

On June 17, Base—Coinbase’s layer-2 blockchain network—officially announced an upcoming major upgrade called Beryl, headlined by the launch of Base’s native token standard B20, which is designed to deliver a more robust infrastructure for on-chain asset tokenization. The B20 standard brings three core enhancements: faster settlement speeds, lower transaction costs, and a structured settlement mechanism. Base states these upgrades will enable global financial assets to function on its chain as "programmable capital," fully leveraging the transparency, composability, and liquidity advantages of on-chain infrastructure. Base emphasizes it positions itself as a neutral, open-source blockchain infrastructure, where related products and features can be developed by either Coinbase or third parties building on Base. Neither Coinbase nor Base acts as an issuer, investment advisor, broker, or underwriter for any third-party assets or transactions.

FTX founder Sam Bankman-Fried (SBF) is currently serving a 25-year prison sentence for fraud and conspiracy at California’s Lompoc Federal Correctional Complex, with key legal proceedings tied to March 2024. This June, the U.S. Second Circuit Court of Appeals rejected his latest appeal, cutting off additional legal recourse. Around the same time, SBF filed a formal presidential pardon application, and prediction market Polymarket puts his odds of securing a pardon by 2027 at roughly 14%. Supporters are pushing for SBF’s release through multiple channels: his parents have hired two Republican lobbyists to lobby the incoming Trump administration, his mother Barbara Fried posts regularly on Substack proclaiming his innocence, and an anonymous website (freesbf.org) plus several X accounts are rallying public support. But obstacles to a pardon are mounting: Trump himself stated earlier this year he has "no plans" to pardon SBF, and prominent pro-crypto Republican Congresswoman Cynthia Lumm

On June 17, Polymarket CEO Shayne Coplan announced that the prediction platform is marking its 6th anniversary. Looking back on the project’s original vision and how the industry has evolved since launch, Coplan expressed gratitude for getting to keep building around the core concept of “information markets.” He noted that seeing the concept gain global adoption has been “awe-inspiring,” while acknowledging the sector still has significant room to mature. For the anniversary, Coplan shared a throwback post from June 2020—when Polymarket rolled out its public beta. At that time, the platform positioned itself as an on-chain information market with USDC settlement, covering topics like the COVID-19 pandemic, politics, and cryptocurrency. It was billed back then as “an unprecedented trading experience on Ethereum.” Analysts point out that the prediction market space, led by platforms like Polymarket, has expanded rapidly in recent years, shifting from early crypto-focused experimental p

FBI Thwarts Coordinated Terrorist Plot Against White House During Trump’s Birthday, UFC Event; 5 Arrested June 17 (AP) — FBI Director Cash Patel announced Tuesday the bureau successfully foiled a planned terrorist attack targeting the White House, timed to coincide with two high-profile events on the South Lawn on June 14: former President Donald Trump’s 80th birthday celebration and the UFC “Free 250” fight. The gathering drew approximately 4,300 people, including 1,200 active-duty U.S. service members, officials noted. The plot was structured in three distinct phases, per law enforcement: First, explosive-laden drones would strike buildings surrounding the White House to spark widespread chaos. Next, attackers would trigger mass panic to funnel fleeing crowds toward a pre-designated zone, where a sniper team waited to open fire. The final phase called for a direct assault on the White House’s main entrance. Authorities uncovered the plan after a relative of one of the conspi