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

According to HTX market data, Bitcoin has rebounded to break through the $64,000 mark, currently trading at $64,001, with a 2.49% increase in the past 24 hours.

According to Lookonchain’s monitoring, after losing $46.46 million shorting HYPE, prominent Hyperliquid trader Loracle opened new positions today: long SKHX and short crude oil. His profit and loss trajectory has been a rollercoaster: he once hit a peak profit of $42.87 million, then flipped to a $17.27 million loss, and has now rebounded to an overall profit of $2.06 million.

According to market data from BIT (bit.com), U.S. stocks opened with the Dow Jones Industrial Average down 0.26%, the S&P 500 up 0.19%, and the Nasdaq gaining 0.53%. SK Hynix ADR (SKHY.O) surged over 11%, SanDisk (SNDK.O) rose more than 7%, Micron Technology (MU.O) gained over 5%, Qualcomm (QCOM.O) advanced 2%, and Intel (INTC.O) climbed 4%.

Swedish telecom equipment giant Ericsson’s stock plunged sharply on the Stockholm market, logging its biggest drop in 18 months. The move came after the company warned that its core network business would face margin pressure this quarter due to surging component costs. Ericsson’s shares fell as much as 10% on the Stockholm exchange. Outgoing CEO B?rje Ekholm said the company’s input costs are rising, partly driven by a surge in demand for AI-powered storage chips that has pushed up prices of related components. Citigroup analysts noted the market’s biggest concern is that margin pressure could persist until 2027. Citi analyst Andrew Gardiner stated: “We believe the biggest challenge is the building pressure from component costs. The short-term impact is not the main issue; more importantly, this pressure could intensify further in 2027.” Ericsson’s adjusted EBITA for the second quarter dropped 7% year-on-year to 6.88 billion Swedish kronor, slightly above the Bloomberg market consensus forecast of 6.82 billion Swedish kronor. As weak capital expenditure by telecom operators continues to weigh on the broader telecom equipment sector, Ericsson has been cutting costs in recent years. The company laid off roughly 5,000 employees in 2025 and plans to continue similar-scale staff reductions this year.

Changxin Technology announced that it has launched its initial public offering (IPO) of shares for listing on the STAR Market, with an offering price of RMB 8.66 per share. Investors are required to apply for shares at this price on July 16, 2026 (T Day) via both online and offline subscription channels, with no subscription funds payable at the time of application. The offline subscription period runs from 9:30 to 15:00, while the online subscription period is divided into two sessions: 9:30 to 11:30 and 13:00 to 15:00. The initial number of shares offered in this IPO is 668,808.8608 million shares, representing approximately 10.00% of the company's total share capital post-offering, and China International Capital Corporation (CICC) is granted an over-allotment option of up to 15.00% of the initial offering shares.

According to GlobeNewswire, EthSystems has announced its official launch. The firm was founded by the entire original team of the Ethereum Foundation’s Institutional Privacy Working Group, with backing from entities including Bitmine, Sharplink, and Joe Lubin. EthSystems primarily develops Ethereum-based privacy and compliance technologies for regulated entities such as banks and asset management firms, aiming to enable institutions to conduct on-chain financial activities without disclosing sensitive information like transaction details and client identities. The company stated that it has completed one year of open-source development work ahead of schedule, and has already established cooperative ties with multiple central banks, regulatory authorities, and top-tier financial institutions.