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

Layer 1 project Vanar has announced it will migrate its infrastructure to Base. Existing VANRY token holders can complete token migration at a 1:1 ratio, with their holding amounts remaining unchanged. Meanwhile, the total supply of VANRY will increase from 2.4 billion to 10 billion tokens, of which approximately 62% will stay locked during the migration. Upon completion of the migration, Vanarchain validator staking will be halted.

Binance Alpha is conducting its third round of Swarm Network (TRUTH) airdrop distribution. Users holding at least 256 Alpha points are eligible to claim 2,501 TRUTH tokens on a first-come, first-served basis. If the entire reward pool is not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes.

Changxin Technology announced that its shares will be listed on the Shanghai Stock Exchange's STAR Market on July 27, 2026. According to Hyperinsight's monitoring, the Pre-IPO contract price of CXMT (Changxin Memory, with Changxin Technology as its listing entity) on Hyperliquid is currently quoted at $6.73, equivalent to approximately 45.54 yuan per share in RMB.

Citigroup has cut its price target for Coinbase (COIN) from $400 per share to $235. According to market data from BIT (bit.com), Coinbase (COIN) posted a 0.29% pre-market gain, trading at $166.6.

Citrini analyst Jukan stated in a social media post: "Don’t underestimate the competitiveness of Yangtze Memory Technologies (YMTC). The NAND flash market remains supply-tight, and this shortage will persist. It is reported that NVIDIA’s CMX cabinets are currently severely impacted by the NAND supply shortage, unable to even ship with full configurations. Some customers preparing to purchase CMX cabinets have reportedly been asked to source part of the NAND themselves to complete the full unit setup. I am not a NAND bear. Yangtze Memory still relies heavily on the consumer market, and its competitiveness should not be overlooked, but this does not mean it will push the NAND market back into oversupply."

Intel (INTC.O) is expected to release strong financial results after Thursday’s market close. Analysts polled by FactSet forecast Intel’s Q2 adjusted earnings per share at 22 cents, with revenue of $14.4 billion. Royal Bank of Canada analyst Srini Pajjuri said, “We expect server CPU sales to maintain double-digit growth throughout the year.” Layoff news may also be a key discussion point, as Intel plans to implement job cuts in its data center division. Analysts will also watch whether the company discloses details related to potential new customer Apple. In May, reports emerged that Apple and Intel had reached a preliminary deal for Intel to manufacture some chips for Apple’s devices. On June 18, Trump posted that Apple had agreed to partner with Intel to design and produce its chips in the U.S. Intel’s earnings report and performance guidance will provide much-needed clarity on the timeline for sustained chip demand, as market concerns over these issues remain unresolved.