Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage

Compiled by: ChainCatcher

Important News:

• Bitmine announces issuance of preferred shares to raise $300 million
• Polymarket accuses Kalshi of commercial espionage, claims too many coincidences in product launches
• U.S. Department of Justice collaborates with Coinbase, Meta, and others to combat fraud, freezing over $3.8 million in crypto assets
• Macau completes integration with multilateral central bank digital currency bridge mBridge system, establishing an efficient and secure cross-border payment settlement channel
• Cosmos Labs acquires blockchain explorer Mintscan
• Goldman Sachs partners with Apex and Archax to launch tokenized real estate fund

What important events have occurred in the past 24 hours?

Macau completes integration with multilateral central bank digital currency bridge mBridge system, establishing an efficient and secure cross-border payment settlement channel
According to ChainCatcher, the Macau Monetary Authority announced that Macau has completed the system integration with the multilateral central bank digital currency bridge mBridge project and officially launched local bank "on-bridge" transactions on June 2 to establish an efficient, secure, and low-cost cross-border payment settlement channel.
Cosmos Labs acquires blockchain explorer Mintscan
According to ChainCatcher, Cosmos Labs, the core development team of the Cosmos ecosystem, announced the acquisition of the Cosmos blockchain explorer Mintscan and established a new subsidiary, Cosmos Labs Korea, in Seoul, South Korea, to oversee the construction of several key infrastructures in the Cosmos ecosystem.

According to Barry Plunkett, co-CEO of Cosmos Labs, negotiations for the deal began in October 2025, initiated by the co-founder of the South Korean crypto company Stamper (the legal entity of Cosmostation). The parties did not disclose the transaction amount, financing method, or whether it involved Cosmos Hub tokens.

U.S. Department of Justice collaborates with Coinbase, Meta, and others to combat fraud, freezing over $3.8 million in crypto assets

According to ChainCatcher, the U.S. Department of Justice stated that in a joint anti-fraud operation codenamed "Disruption Week," private sector participants froze over $3.8 million in cryptocurrency assets related to fraud. Participating organizations included Coinbase, Meta, Google, Microsoft, SpaceX, TRM Labs, and others.

The operation also led to the arrest of seven fraudsters by Thai police and the identification of multiple fraud platforms for investigation by U.S. authorities. Data from the FBI shows that losses reported from cryptocurrency investment fraud increased by 24% year-on-year in 2025, exceeding $7.2 billion.

Standard Chartered's digital asset research head: Bitcoin's "bottom is near," maintaining year-end target of $100,000

According to ChainCatcher, Standard Chartered's head of digital asset research, Geoffrey Kendrick, stated that after a recent sharp decline, "the bottom for Bitcoin has almost appeared," with the current range of about $63,000 being a "buying zone." He pointed out that since February, the overall holdings of U.S. spot Bitcoin ETFs have remained stable, with no concentrated redemptions that would raise concerns, indicating that funds are more "structurally stable."

Kendrick expects that after a recent sale of 32 BTC by Strategy, which triggered selling pressure, there may be a repurchase at a scale of 10 times or even 100 times, which could signal the confirmation of a temporary low point. He also cautioned that there is still a downside risk of Bitcoin falling below $60,000 but believes that buying in batches is better than trying to time the bottom precisely. The bank maintains its year-end targets of $100,000 for Bitcoin and $4,000 for Ethereum.

On the eve of SpaceX IPO, Rocket Lab (RKLB) insiders cash out over $18.41 million in stock

According to ChainCatcher, Barron's Weekly reported that on the eve of SpaceX's IPO, insiders at Rocket Lab sold over 124,000 shares of stock, cashing out more than $18.41 million. This includes the company's general counsel Arjun Kampani, vice president of the space systems division Brad Clevenger, COO Frank Klein, and Alex Slusky, head of the shell company that helped the company go public, Vector Capital.

Previously, the company's stock price surged due to optimistic sentiment in the industry brought about by the increase in SpaceX's valuation. On Monday, Rocket Lab's (RKLB) stock price fell by as much as 15% to $122.39.

Polymarket accuses Kalshi of commercial espionage, claims too many coincidences in product launches

According to ChainCatcher, the prediction market platform Polymarket believes that its competitor Kalshi may be engaging in commercial espionage against its New York office and employees. Polymarket's marketing director confirmed that the company is conducting an internal investigation and stated that "there are too many coincidences," suspecting that Kalshi has malicious intentions.

Reports indicate that Polymarket has compiled a dossier titled "Imitators," documenting about a dozen suspicious incidents. These include Polymarket's original plan to launch a free grocery flash event on February 12, while Kalshi launched a similar event about nine days earlier; additionally, Polymarket was set to announce its perpetual contract product plan on April 21, but about an hour before the announcement, tech media The Information reported that Kalshi was also preparing to launch a similar product.

Polymarket employees are also concerned that the venture capital firm Paradigm, which supports Kalshi, has an office directly across from theirs, posing a risk of employees' computer screens being spied on. It is reported that Polymarket has installed privacy film on some office windows this spring.

In response, a Kalshi spokesperson denied all allegations and stated that Polymarket's suspicions are "sad and nearly delusional."
U.S. Treasury Secretary: The Treasury is steadily advancing strategic Bitcoin reserves and pushing for the passage of the Clarity Act this summer
According to ChainCatcher, U.S. Treasury Secretary Scott Bessent stated at a Senate Finance Committee hearing that the Treasury is steadily advancing the establishment of strategic Bitcoin reserves. At the same time, Scott Bessent urged lawmakers to support the digital asset regulatory bill Clarity Act and expressed hope that the bill could pass this summer to bring the best practices of the U.S. to the domestic market, making the U.S. a global innovation hub. Regarding the strategic Bitcoin reserves, Scott Bessent noted that while the process is complex, it is moving forward, ensuring that best practices are adopted in the complex process for future sustainability.
Bitmine announces issuance of preferred shares to raise $300 million
According to ChainCatcher, Bitmine Immersion Technologies announced plans to issue 3 million shares of 9.50% Series A perpetual preferred stock, with a par value of $100 per share, expecting to raise a total of $300 million. The initial liquidation preference for the preferred stock is $100 per share, and dividends will accumulate at an annualized rate of 9.5%, paid weekly in cash; even if the company does not declare dividends or temporarily lacks distributable funds, dividends will continue to accumulate.

Bitmine has the right of early redemption, allowing redemption at 110% of par value within 18 months after issuance, at 105% of par value from 18 months to 3 years, and at 100% of par value after 3 years, with additional payment required for accumulated unpaid dividends upon redemption.

New stock god Serenity: Today bought IBIT and ETHA for short-term trading at $62,000 and $1,750

According to ChainCatcher, new stock god Serenity posted on platform X that today he conducted swing trading to buy IBIT and ETHA at prices of Bitcoin $62,000 and Ethereum $1,750, emphasizing that this operation is for short-term swing trading, not long-term holding.

Serenity pointed out that although he focuses on swing operations, the market price decline still negatively impacts related stocks such as Robinhood (HOOD) and Coinbase (COIN).

Crypto VC monthly transaction volume drops to five-year low, capital concentrates on top projects

According to ChainCatcher, The Block reported that the monthly transaction volume of crypto venture capital has dropped to about 50 deals, the lowest level since before 2021. The two historically most active sectors, infrastructure and crypto financial services, have both fallen to multi-year lows. Investor attention has shifted massively to the AI sector, coupled with a shortage of early-stage quality project supply, which is the main reason for the decline in transaction volume.

Despite the drop in the number of transactions, the total financing amount remains relatively high, showing a "few large amounts" characteristic—recently, the prediction market platform Kalshi completed a $1 billion financing, which is a typical case. Analysts point out that the current low-noise environment is actually a window period for projects with clear use cases and real traction. Whether a recovery can be achieved in the second half of 2026 will depend on whether new sectors beyond prediction markets and financial infrastructure can form a consensus for large-scale investment.

CFTC follows SEC in abolishing "no denial" policy, significant changes in crypto enforcement and settlement rules

According to ChainCatcher, Cointelegraph reported that the U.S. Commodity Futures Trading Commission (CFTC) announced on June 4 that it has abolished the "no denial" policy that has been in place for nearly 30 years. This policy, in effect since 1998, required defendants to promise not to publicly deny CFTC's allegations when settling.

CFTC Chairman Mike Selig stated that this move aligns with the overall direction of various government regulatory agencies and grants the commission greater flexibility in enforcement settlements. Previously, the SEC had taken the lead in abolishing a similar policy in May.

Citi: The main reason for Bitcoin's decline is the lack of new investor demand, Strategy's selling is not key

According to ChainCatcher, CoinDesk reported that Citi analyst Alex Saunders stated in a recent report that while Strategy's recent sale of Bitcoin has caused market fluctuations, the bigger issue is the lack of new investor demand.

The report pointed out that Strategy's sale is part of a previously disclosed tax optimization plan and not a strategic shift. The real concern is that the spot Bitcoin ETF has seen net outflows for 11 consecutive days, which is an important signal of weak investor adoption. Analysts estimate that ETF fund flows can explain about 45% of Bitcoin's weekly price fluctuations.

Additionally, the likelihood of the U.S. crypto market structure bill passing this year is decreasing, reducing potential positive catalysts. The bank believes that in the absence of regulatory progress and new capital inflows, Bitcoin market sentiment will remain low.

AI company Lassie completes $35 million Series A financing, led by a16z

According to ChainCatcher, TechFundingNews reported that AI company Lassie, founded by former Robinhood and Superhuman employees Steijn Pelle and Frédéric Renken, has completed $35 million in Series A financing, led by a16z, with participation from Night Capital, Superhuman founders, Plaid co-founders, Wise co-founders, and others, bringing the total financing amount to $47 million.

The two co-founders worked manually for months at a dental clinic before writing code, handling insurance claims and reconciliation payments. Currently, Lassie operates in over 700 clinics across 49 states in the U.S., saving owners over 250,000 hours of administrative work each year. a16z general partner Alex Rampell has joined the board of Lassie. Lassie's AI agent directly accesses the clinic's insurance portal, pulls reimbursement data, reconciles, updates system records, and verifies bank funds, completely replacing human labor rather than adding a software layer.

Goldman Sachs partners with Apex and Archax to launch tokenized real estate fund

According to ChainCatcher, Goldman Sachs announced a collaboration with fund service provider Apex Group, digital asset trading platform Archax, infrastructure provider Ownera, and real estate investment management company LRC Group to launch a blockchain-native real estate fund, further promoting the tokenization of real-world assets (RWA).

The fund combines traditional fund structures with blockchain-native issuance models, with fund shares tokenized through Goldman Sachs' blockchain platform GS DAP. LRC Group serves as the fund manager, Archax is responsible for regulated digital securities custody and acts as the first distribution partner, while Ownera connects all participants and distribution channels.

Mathew McDermott, global head of digital assets at Goldman Sachs, stated that issuing blockchain-native fund shares through GS DAP allows for more precise investments in real estate assets and creates conditions for easier share transfers in the future.

The market believes that as traditional financial institutions accelerate their layout, the tokenization of real-world assets such as real estate is gradually moving from conceptual exploration to practical application.

Meme Popularity Ranking

According to the meme token tracking and analysis platform GMGN, as of June 5, 09:00,

The top five popular ETH tokens in the past 24 hours are: HEX, SHIB, LINK, PEPE, mUSD

The top five popular Solana tokens in the past 24 hours are: TROLL, swarms, WORLDCUP, neet, Buttcoin

The top five popular Base tokens in the past 24 hours are: PEPE, toby, ODDS, ELSA, SKI

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