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

Due to fluctuations in the KOSPI index, South Korea activated relevant mechanisms and initiated a programmatic trading halt.

According to data from Farside Investors, U.S. spot Bitcoin ETFs posted a net inflow of $226.8 million yesterday. Among them, BlackRock’s IBIT saw a net inflow of $116.5 million, ARKB recorded $72.7 million, Fidelity’s FBTC pulled in $24.1 million, while Grayscale’s GBTC registered a net outflow of $45.4 million. For spot Ethereum ETFs, net inflows reached $38 million yesterday. Specifically, BlackRock’s ETHA brought in $34.3 million, FETH saw a $2.8 million inflow, TETH posted a $900,000 inflow, with all other products reporting zero net inflows.

According to monitoring by OnchainLens, a whale address dormant for nearly 11 months transferred 9,000 ETH to the Cumberland wallet, worth about $17.19 million, and is expected to be used for over-the-counter (OTC) trading. Prior to this, the address had deposited a total of roughly 50,000 ETH (valued at approximately $205.67 million) into the FalconX wallet via 13 transactions.

CryptoQuant analyst Darkfost wrote in a post that after Bitcoin (BTC) fell below $60,000 in February and entered the capitulation zone, its MVRV percentile dropped below 10%, hitting the historically defined undervalued territory. Since June, the metric has shown a similar trend again. Unlike the traditional MVRV indicator, the MVRV percentile measures the current MVRV’s position relative to historical cycles, and by incorporating a historical probability dimension, it better reflects the current market environment. Currently, BTC’s MVRV percentile stands at around 5%, meaning Bitcoin has spent roughly 95% of its historical trading time at higher MVRV levels. This indicates BTC is significantly undervalued relative to its historical evolution, and such phases have historically coincided with long-term bottom regions.

US intelligence journalist John Hudson reports that U.S. intelligence agencies hold a pessimistic view of a new round of military strikes targeting Iran: current and former officials say these strikes are unlikely to have a significant impact on Iran, nor will they likely soften its negotiating stance. According to U.S. intelligence analysts, Tehran and Washington are trapped in an indefinite deadlock between war and peace—a situation deeply troubling given the increasingly lethal tit-for-tat hostilities between the two sides. Additionally, they note that intelligence assessments on issues like Iran are not designed to make specific future predictions. Instead, they are overviews of current and potential future trends, compiled from all available classified intelligence (including human intelligence and technical collection) as well as open-source information. (Jin10)

According to South Korean media reports, the South Korean government will hold its first government-led special forum on stablecoin legislation today, chaired by Deputy Prime Minister for Economy Koo Yoon-cheol. The forum will focus on discussions of the enactment of the "Digital Asset Basic Law" and the establishment of a stablecoin regulatory framework. Against the backdrop of the U.S. GENIUS Act set to take effect in January 2027, the South Korean government and ruling party are pushing to finalize the "Digital Asset Basic Law" this year to establish a legal framework for stablecoin issuance, circulation, and supervision. Participants include the Financial Services Commission, the ruling party, and industry stakeholders, with topics covering AI Agent payments, the won-denominated stablecoin, anti-money laundering (AML) regulation, and more. The ruling party previously stated it plans to submit a unified bill in September and aims to complete the legislation within this year.