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Li Lin Denies Links to Trend Research and BTC Whale Garrett Jin

The Huobi founder stated he has not sold Bitcoin or Ethereum, while Du Jun claims Avenir Group is Asia’s largest holder of BlackRock’s Bitcoin ETF with most Ethereum staked long term.

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Summary

Li Lin, founder of Huobi, denied involvement as an investor in Trend Research or in BTC OG whale Garrett Jin, and stated he has not reduced his Bitcoin or Ethereum holdings. Du Jun said Avenir Group remains Asia’s largest holder of BlackRock’s iShares Bitcoin Trust (IBIT), while noting about 80% of the group’s Ethereum holdings are staked for the long term.

Terms & Concepts
  • Staking: The process of locking cryptocurrency to support blockchain network operations and earn rewards.
  • iShares Bitcoin Trust (IBIT): A Bitcoin-focused exchange-traded fund by BlackRock, offering indirect BTC exposure to investors.
  • BTC OG Whale: An early Bitcoin adopter holding a large amount of BTC, often influencing market liquidity.