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

Feb 3 — GMGN monitoring data (link: https://gmgn.ai/sol/token/i_m4TE56o8_8Jx8AAHj86wbQgUTjGuj6GTTL5Ps3cqxKRTvpaJApump) shows that on the Solana blockchain, the meme coin PENGUIN has seen four high-frequency addresses with nearly identical trading patterns over the past 24 hours. These addresses engaged in continuous arbitrage trading and are suspected of being high-frequency bot accounts, with all recording the largest trading volumes in the same period. Each of the four addresses has an average buy-sell volume of ~$300,000 today, totaling ~$1.16 million. Post-trading, each address’s total loss has grown to over $800,000, ranking them as the top four in the token’s historical loss list. Additionally, PENGUIN’s price has been sliding steadily since Jan 28, dropping more than 78% from its all-time high. It currently has a market cap of ~$39.1 million, a price of ~$0.0391, and a 24-hour gain of ~12%. BlockBeats notes that meme coin trading is highly volatile, largely driven by ma

February 3 — JPMorgan Chase says investors shouldn’t sell gold. Gold prices plummeted last Friday after former President Trump nominated Kevin Warsh to lead the Federal Reserve. They remained highly volatile on Monday before posting a slight rebound on Tuesday. JPMorgan notes this was merely a stumble for gold as it heads toward a higher year-end price target. The bank has updated its 2026 gold price target to $6,300 an ounce—up roughly 34% from around $4,700 as of Monday evening. While this forecast may seem overly optimistic in light of last Friday’s moves, JPMorgan’s Gregory Shearer insists a rebound is imminent. Shearer adds investors don’t need to fear further gold price pullbacks. In the report, he emphasized gold demand remains strong—outpacing his team’s expectations.

February 3rd: Onchain Lens monitoring shows Vitalik Buterin swapped 211 ETH for 491,721 GHO. He has now sold a total of 704 ETH, worth $1.65 million.

On February 3, during a White House press conference, former President Donald Trump said: “I’m a strong supporter of cryptocurrency—in fact, I might be one of its biggest backers. I believe in it because if we don’t develop it, others will. It’s like artificial intelligence: we’re leading in that field.”

February 3, per data from Coinbob Popular Address Monitor: The former top long whale on Hyperliquid (address 0x152) ambushed ASTER in the spot market 5 days ago and re-leveraged into a long position last night. Its current 2x leveraged ASTER long position totals $5.55M, with an average entry price of $0.65, a floating loss of $630k (-22%), and a liquidation price of $0.29. Arkham on-chain monitoring shows the whale’s on-chain domain is neoyokio.eth. Its associated sub-address (0xfb5...) also leveraged up today, holding a 3x leveraged ASTER long position of ~$1.85M (avg $0.56, liquidation $0.361) with slight floating profit. This sub-address was previously closely linked to the main address via fund transfers, frequently swing traded XPL and HYPE, and has a historical win rate of over 80%. The whale also has a track record with XPL: It opened a 1x leveraged long at an average $0.69 before XPL’s sharp September 24 rally, with positions peaking at $20M (making it the top on-chain

February 3rd, Morgan Stanley said the Federal Reserve under Kevin Warsh could exacerbate volatility in the U.S. Treasury market by reducing policy transparency. Warsh—nominated by Trump to succeed Powell as Fed chair in May—served as a Fed governor from 2006 to 2011. Morgan Stanley’s review of past Federal Open Market Committee (FOMC) meeting minutes found Warsh wanted investors to form their own views on economic growth, inflation, and monetary policy. At the bank, analysts Hornbach and Tauber note the former governor favors a smaller balance sheet: this could push long-term Treasury yields higher relative to short-term yields, steepening the yield curve. A key concern, however, is that the Fed under Warsh may alter its communication strategy, raising investor uncertainty. Changes could include less media interaction from Fed officials (especially ahead of FOMC meetings) and potentially scrapping the “dot plot” forecasts or economic projections summary (per FXStreet).