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🧨 Micheal Saylor tweets "Insufficient Orange" alongside his orange dotted graphic.
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Diane W
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CRYPTO PROMISES MASKED MOUNTING LOSSES It's widely known that some investors increased their exposure to JYS Group under pressure from sales agents, with some people committing over $80,000. The company collapsed within two months of these investments. By the time investors realized the risks, many of the agents who had encouraged their participation could no longer be reached. While investors were initially told their funds were backing municipal infrastructure projects, such as roads and tunnels, Lin Chunhao, JYS Group ex-chairman provided no evidence to support these claims in his final statement. Lin’s farewell message referenced failed ventures but did not mention any specific infrastructure assets in China. Instead, it listed a string of unsuccessful investments across sectors, including peer-to-peer lending, crypto trading, and stock speculation. According to a financial breakdown shared in the message, losses spanned multiple areas: nearly $10 million each from bad debts, failed crypto trades, and promissory note defaults. The collapse of JYS Group points to a broader vulnerability in the investment sector, where financial products like crypto that are marketed as secure and high-yield often operate with little oversight. Despite repeated warnings from regulators, schemes continue to attract middle-class investors drawn by promises of above-market returns. #InvestmentScams
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LIN’S ESCAPE SPARKS CRIMINAL PROBE Lin Chunhao, a Chinese investment firm JYS GROUP'S chairman, wrote; “By the time you read this, I am already on British soil,”. Lin claimed personal losses exceeding $96 million and said all funds had been spent on interest payments, salaries, and operating costs. JYS marketed its offerings by targeting retail investors through financial literacy seminars. Participants were offered high-yield products with annualized returns of 6% to 9% and maturity periods ranging from three to 36 months. Some were introduced to the schemes through family connections. The fund was raised from retail investors across several cities, including Shenzhen, Guangzhou, Foshan, and Zhongshan. The products were managed by Shenzhen Haiboxin Project Management Co., Ltd., which promoted itself as affiliated with state-owned firms. Investigations later revealed shared offices and personnel with JYS, casting doubt on its claims of independence. Offices in Shenzhen and Zhongshan were found shuttered, and local authorities have begun investigations. The Shenzhen Public Security Bureau’s Economic Crime Investigation Division is leading the inquiry. #investmentnews
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JYS GROUP CRASHES AFTER $180M INVESTMENT CHAIRMAN FLED TO THE UK JYS Group, a Chinese investment firm based in Guangdong province, collapsed in mid-April after raising an estimated ¥1.34 billion (approximately $180 million) for “high-return” schemes, including crypto. According to a May 2 report by The Economic Observer, the company’s chairman, Lin Chunhao, announced his departure from China via a WeChat group, stating that he had arrived in the UK following failed investments. #InvestmentScams
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MSTR - MICROSTRATEGY HAS A PLAN TO BUY EVEN MORE BITCOIN. "MicroStrategy, now focused more on Bitcoin than software, reported a Q1 loss of $4.23B ($16.49/share), far worse than expected. Revenue fell 3.6% to $111.1M, missing forecasts. The company launched a bold new “42/42 Plan” to raise $84B over two years for Bitcoin purchases, following last year’s $42B “21/21 Plan.” Analysts say the stock remains a strong Bitcoin proxy, trading at 2.13x NAV, with solid performance despite market volatility." #SaylorBTCPurchase
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Can DOGE Break Resistance Or Face Another Pullback? Despite bullish sentiment, Dogecoin still faces major hurdles before achieving a decisive breakout. After topping $0.1920, DOGE experienced a pullback, falling below key support at $0.1750. According to data from Cryptonews, the token is trading under its 100-hour simple moving average and is forming a bearish trend line with resistance at $0.1740 Technically, DOGE needs to break above $0.1800 and close above the $0.1850 level to sustain upward momentum. A move above $0.1920 would open the door to testing the psychological $0.20 resistance. Beyond that, the next major targets lie at $0.1980 and $0.2000. On the downside, immediate support lies at $0.1700, followed by $0.1680. Should DOGE fail to hold these levels, it could fall toward stronger support at $0.1600, or even $0.1550 and $0.1450 in an extended decline. That said, technical indicators paint a mixed picture. The MACD is losing bearish momentum, while the RSI is slightly above 50, suggesting mild bullishness. As the market awaits clarity, the narrative surrounding Dogecoin continues to evolve. Whether it breaks above $0.20 soon or faces a further consolidation phase, DOGE is increasingly being viewed through a lens of long-term viability. $DOGE
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