News linked to both this project and an event.
on-chain analyst Ai Yi posted on platform X, stating that SPCX is about to launch, and the total share capital of SpaceX has been adjusted to 13.08 billion shares, an increase of 10%. Under the same total valuation, the pre-market contract prices will shrink by 10%, affecting platforms that have previously listed this asset and their users. Exchanges such as Binance have followed up with a rebase, and the perpetual DEX Aster has also chosen to proactively adjust to prevent user losses. TradeXYZ has announced that it will not make any adjustments, adhering to its stance as a "price-based perpetual contract," leading to long positions suffering losses. It stated that stock splits are not uncommon in US stocks, where large-cap tech stocks undergo forward stock splits due to excessively high single-share values to facilitate trading. The TradeXYZ team indicated that a solution will be provided.
Bitget Wallet has completed an upgrade to its DEX Aggregator API, becoming the first in the industry to offer an aggregated interface supporting market price trading for tokenized stocks and RWAs. Institutional clients or developers can use their existing API to directly swap any token for RWA assets such as tokenized stocks.Additionally, the Bitget Wallet API has launched a fee collection service, providing clients with a one-stop profit-sharing solution. Institutional users and developers can use the Bitget Wallet billing system for real-time or periodic settlement of transaction fees. By simply configuring the fee rate and split rules, they can quickly commercialize their business without needing to build their own collection, reconciliation, and settlement systems.Currently, the Bitget Wallet API supports trading tokenized RWA assets on Ondo Global Markets, covering US stocks, ADRs, and various ETFs, including broad-based indices, sector themes, fixed income, commodities, and regional markets. The daily trading volume from partners such as 0x, LI.FI, CoW Swap, deBridge, and XOSwap has already exceeded $20 million.
U.S. stocks weakened on Wednesday as investors digested a sell-off in the chip sector, escalating geopolitical tensions, and higher-than-expected inflation data. The Dow Jones Industrial Average fell 374 points (0.7%), while the S&P 500 and the Nasdaq Composite each declined by 0.3%.Market sentiment was notably impacted by geopolitical shocks. Trump stated that negotiations with Iran were "taking too long" and threatened further action. In response, oil prices rose, with WTI crude climbing over 1% to around $89 per barrel. Tensions in the Middle East also escalated again, following U.S. military strikes on Iranian targets in retaliation for the downing of a U.S. helicopter.The chip sector continued its correction, with AMD and Broadcom declining for the fourth time in five consecutive trading sessions. This follows an ETF-level retreat of approximately 10% in the sector over the past weekend, which saw a brief rebound before coming under renewed pressure. Market analysts suggest that while some profit-taking is occurring, other investors may be adjusting their portfolios ahead of the upcoming **SpaceX IPO (next Friday)**. Nonetheless, the chip ETF has still risen over 87% year-to-date.On the macro front, the U.S. core CPI for May rose 0.2% month-over-month, slightly below the expected 0.3%. Year-over-year, it stood at 2.9%, in line with expectations but still above the Federal Reserve's 2% target. The headline CPI rose above 4% year-over-year for the first time in three years. Markets recovered somewhat from their lows following the data release.In the previous trading session, chip stocks dragged down the S&P 500 and the Nasdaq, while the Dow managed to close higher against the trend. Analysts noted that the recent surge in the semiconductor sector, fueled by the AI boom, has been overly rapid, stretching market sentiment significantly. The current pullback is viewed more as a technical correction rather than a deterioration of fundamentals. (CNBC)
: U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig announced the official opening of a public comment period to establish a structured framework for evaluating the types of events that may underlie prediction market trading contracts. It is understood that this framework will provide long-term, transparent regulatory guidelines to identify contracts subject to enhanced Congressional scrutiny, while allowing lawful markets to continue operating in the public interest. The CFTC expressed gratitude for feedback from market participants, federal and state officials, tribal leaders, and the public, and welcomes continued input.Mike Selig emphasized that this will not be the final rulemaking concerning prediction markets, and the agency will continue to seek a balance between maintaining market integrity and supporting innovation.
According to The Information, as AI unicorns continue to attract massive capital inflows, venture capital (VC) firms are accelerating their fundraising efforts at an unprecedented pace. Founders Fund has already launched a new $6 billion fund this year to invest in late-stage growth companies—the first time in the firm’s 20-year history that it has raised capital from limited partners (LPs) less than two years after its previous fundraise. Reportedly, Founders Fund’s $4.6 billion fund raised in 2025 has been largely deployed, with capital allocated primarily across seven standout companies—averaging $600 million per investment—including AI and tech leaders such as OpenAI, Anthropic, Ramp, and Cognition. Market observers believe that the sustained heating of the generative AI sector, coupled with surging funding needs among top AI companies, is propelling the global venture capital industry into a new fundraising and investment cycle—and driving large funds to deploy and replenish capital at an unprecedented speed.
Byreal has officially launched its on-chain prediction market product, Byreal Predict. This product connects to Polymarket’s order book and liquidity, enabling users to trade predictions on real-world sports events. Byreal Predict initially covers major events including the 2026 FIFA World Cup, the NBA Finals, and Major League Baseball (MLB), supporting trades on outcomes such as individual match results, group-stage qualification, and tournament champions. Future updates will introduce AI-powered prediction market analytics, automated trading, and referral commission features.
Delphi Digital has released its "Token Market Status Report," indicating that the token market in this cycle has been suppressed by multiple structural issues, including token unlocks occurring on a fixed schedule regardless of project performance, protocol revenues failing to effectively flow back to token holders, and airdrops gradually evolving into sources of exit liquidity.The report shows that since January 2025, among all newly listed tokens on major centralized exchanges (CEX), if purchased on the listing day and held to the present, an average investment of $1,000 would have dwindled to approximately $500. The median decline is 82%, with only about 12% of tokens still trading above their issuance price, reflecting a market structure that prioritizes "listing quantity over quality."Regarding tokenomic design, the research points out that across more than 400 unlock events, within a sample of 33, 28 tokens significantly underperformed relative to Bitcoin in the three weeks before and after the unlock, resulting in an average excess loss of approximately 7%. Moreover, most unlocks occur within 30 days, making it difficult for the market to effectively absorb the supply shock.The report also notes that the long-standing industry issue of "missing value accrual" is beginning to change. An increasing number of protocols are starting to use "Fee Switch" mechanisms to return revenue to token holders. For example, Hyperliquid allocates nearly all its fees to buybacks, Uniswap is burning 100 million UNI tokens, Jupiter uses 50% of its fees for buybacks locked for three years, and Aave has passed a DAO-approved weekly buyback plan of $1 million.However, the report emphasizes that fee-based buybacks alone are insufficient to resolve supply pressure. For instance, the scale of buybacks for some projects still cannot offset the selling pressure from token unlocks, leading to a situation where "buybacks only offset inflation but fail to generate net buying pressure."Simultaneously, the structure of institutional capital is shifting. Institutional holdings of Bitcoin-related ETFs like IBIT have grown 62% year-over-year, with advisory channels increasing by 204% and sovereign wealth funds and endowments rising by 228%, while arbitrage-focused hedge funds continue to exit. Long-term capital, including BlackRock, Morgan Stanley, and Mubadala Investment Company, is increasing its allocation.The report concludes that in the next phase, more attractive token assets will simultaneously feature "revenue accrual mechanisms" and "supply release structures linked to protocol performance." However, the current market remains in the early stages of structural repair.
Odaily News: Ahead of the SpaceX IPO, the SPCX pre-market contract on several CEXs and on-chain Perp DEXs presented arbitrage opportunities due to differences in share count calculations and rebase mechanisms, which multiple KOLs capitalized on. Among them, crypto KOL Silicon Bird | Ray shared: “Last night, I went long on BN and short on HL, still capturing a 10-point arbitrage opportunity. BN issued a rebase announcement last night. Since the initially estimated share count (11.87B) differed from the actual share count (13.08B), SPCXUSDT positions will be converted at a ratio of 1.1. This means BN’s SPCX price will be divided by 1.1, while the position size will be multiplied by 1.1. This created a massive arbitrage opportunity because SPCX on Hyperliquid was also originally launched based on the 11.87B share count. However, the documentation clearly states that Hyperliquid’s SPCX will not rebase (as an HIP-3 DEX, trade.xyz doesn’t have this capability either). Hyperliquid’s current SPCX tracks the Class A common stock price. I submitted a ticket to trade.xyz and received a clear response confirming there will be no rebase.” Additionally, he analyzed the reasons behind "SPCX on trade.xyz will not rebase," stating: “There are several key reasons. Those familiar with Hyperliquid and trade.xyz understand their relationship: the former is a trading-specific L1 blockchain, while the latter is a DEX based on Hyperliquid’s HIP-3. trade.xyz is somewhat like an outsourced team, essentially just setting up a platform within Hyperliquid’s ecosystem.1. We need to understand that a rebase is an extremely complex operation, involving halting trading, forced liquidations, and reopening positions. This is a major engineering challenge even for large CEXs (such as OKX and BN, which are undergoing this rebase). Smaller exchanges like Bitget have simply given up and opted for a relist. For an on-chain team dependent on another blockchain, this is an even more daunting task.2. When trade.xyz first launched the contract, it mentioned an estimated share count of 11.87B. However, they later realized this could be controversial and promptly removed any mention of the estimated share count from their documentation. They clearly emphasized that the price tracked by SPCX on trade.xyz is the Class A common stock price of SPCX, and added extensive disclaimers stating there will be no rebase.”Crypto KOL KyleChen also posted last night: “The optimal hedging strategy should be on OKX’s pre-market perpetual. The IPO subscription cost is 142u, leaving around 14% profit margin. Comparison of three pre-market platforms:- OKX Pre SpacX: 162u, essentially confirmed as per-share price- Binance current price: 167u, with an announced rebase scheduled for 6/10 at a factor of 1.1, resulting in an adjusted price around 151.2u- Hyperliquid: 168u, its pre-market contract is provided via trade.xyz based on HIP-3. From a technical infrastructure standpoint, the contract does not directly supp
“White-Haired Stock Guru” Serenity posted on X platform, stating that the public often interprets his stock picks as “harvesting retail investors,” but he hopes his recommended targets can change the market’s perception that certain stocks are only suitable for short-term speculation, and prove that high-quality companies also possess long-term holding value.Serenity pointed out that the only Chinese concept stock he recommended last year was the optical module manufacturer Zhongji Innolight (Innolight), which has since hit an all-time high, achieving a cumulative gain in the triple digits. He stated that his investment logic is primarily based on Western institutional research frameworks, comprehensively referencing research views from institutions such as JPMorgan Chase and Goldman Sachs, and focusing closely on demand changes from US cloud computing giants like Google and Microsoft.Furthermore, Serenity mentioned that when researching individual stocks, he also continuously evaluates geopolitical and game theory factors, for example in his analysis of companies like AXT. He believes that the perspective of foreign investors can bring different types of Alpha to the Chinese stock market, and he looks forward to further exploration of investment opportunities in the Chinese stock market in the future.Regarding the rumor circulating in the market that there is a Chinese institutional team behind him, Serenity denied it, emphasizing that he is just an individual investor who shares his investment thoughts daily. English is his primary language, and since most of his content is posted via mobile phone, posting over 20 times a day, occasional spelling errors are normal.
a joint letter initiated by Stand With Crypto, in collaboration with the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber, has been submitted to U.S. Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging a full floor vote on the Digital Asset Market Clarity Act (the "CLARITY Act") as soon as possible.Over 200 crypto enterprises, industry associations, and community organizations, including Coinbase, Ripple, Kraken, a16z, Circle, and Binance.US, have participated in signing the letter. The joint letter points out that the CLARITY Act would establish a comprehensive federal regulatory framework for the digital asset market, clearly delineate regulatory responsibilities, provide feasible registration pathways, protect software developer innovation, and simultaneously promote the return of more digital asset businesses to the U.S. market.The signatories stated that the bill would help retain innovation, jobs, investment, and market activity within the United States, further solidifying America's leading position in the global digital asset innovation sector.It is understood that the CLARITY Act received bipartisan support and passed committee review in the Senate Banking Committee last month. Senator Cynthia Lummis subsequently stated that the next step for the bill is to enter the full Senate deliberation stage.Additionally, 160 former national security and law enforcement officials have previously signed a letter supporting the bill. U.S. Treasury Secretary Scott Bessent and White House Crypto Advisor Patrick Witt have also publicly called for advancing the legislative process. However, the issue of conflicts of interest between the Trump family and the crypto industry is still regarded as one of the main obstacles to the bill's progress. (The Block)
Tether CEO Paolo Ardoino posted a "Dragon Ball" comic image on X platform, featuring the protagonist Son Goku and numerous supporting characters holding up a Genki Dama labeled "BTC," alongside the caption "One Community," calling for unity within the crypto community during the bear market.
as prediction market trading volume grows, institutional capital is entering this sector. Quantitative trading firms such as DRW, Wintermute, and IMC are forming dedicated prediction market trading teams, recently posting relevant job openings to focus on platforms like Polymarket and Kalshi. These teams aim to capture pricing deviation profits through cross-platform arbitrage, market microstructure arbitrage, and news-driven trading strategies. Industry insiders believe that as the prediction market expands and on-chain trading platforms like Hyperliquid plan to launch prediction market products, a competition centered on latency, liquidity, and cross-platform efficiency has already begun. (CoinDesk)
Odaily Seer Prophet Channel monitoring shows that the probability of "Zcash will hit $100 in 2026" on Polymarket has risen to 53%, a 24-hour increase of 36%.Market rules: If between 17:35 on November 24, 2025, and 23:59 on December 31, 2026 (Eastern Time), the lowest price (Low) of any 1-minute candlestick of the Binance ZEC/USDT trading pair reaches or falls below the price stated in the title, this market will immediately settle as "Yes"; otherwise, it will settle as "No." Settlement is based solely on the 1-minute candlestick data of the Binance ZEC/USDT trading pair; prices from other exchanges or trading pairs will not be considered.In previous news, the privacy coin Zcash disclosed and fixed a critical security vulnerability that could have been exploited by malicious miners to transfer over 25,000 ZEC (approximately $6.5 million) from the deprecated Sprout privacy pool. Officials stated that the vulnerability had existed since July 2020 but was not actually exploited, and user funds remained safe at all times. The development team has released version v6.12.0 to complete the fix, and major mining pools have already upgraded their deployments.Odaily Seer Prophet Channel continues to monitor prediction markets, seeing changes before pricing.
Haseeb, Managing Partner at Dragonfly, has addressed the recently patched Zcash vulnerability, stating that there are many misconceptions in the market regarding the incident. He pointed out that even if the vulnerability had been exploited before the fix, an attacker could only profit by forging ZEC within the shielded pool. For these tokens to enter mainstream trading platforms, they would first need to be converted from shielded addresses to transparent addresses. Since the supply of ZEC in transparent addresses is publicly verifiable, any abnormal transfers exceeding the maximum supply would be detected and blocked. Therefore, the vast majority of investors and exchange users holding transparent ZEC would not be affected.Haseeb stated that the Zcash team plans to introduce a new “Turnstile” mechanism and a new shielded pool in future upgrades to verify that the current shielded pool does not suffer from inflation issues. He also noted that formally verified cryptographic systems can reduce implementation errors at the design level. Finally, Haseeb disclosed that Dragonfly still holds ZEC, and he is personally an investor in ZODL.
Bitcoin Treasury Capital has just announced the launch of Sweden's first BTC-backed preferred stock, BTC PREF, offering an annual dividend of 10%. Trading is expected to commence on July 20 on the Spotlight Stock Market. The issuance is anticipated to raise $2.5 million to purchase additional BTC. (BitcoinTreasuries.NET)
Odaily News: Prediction market platform Polymarket's Chief Marketing Officer, Matthew Modabber, was reportedly found to have paid content creators at least $350,000 through his personal PayPal account between January 2025 and February 2026, to promote Polymarket and its prediction market data.Reports indicate that Modabber transferred over $2.5 million to more than 800 individuals over 14 months. According to a Politico investigation, at least 20 influencers who received payments subsequently posted approximately 490 pieces of content related to Polymarket on social media platform X, with the majority failing to clearly disclose the paid partnership.Creators involved include conservative commentator Alex LoRusso, political commentator Brian Krassenstein, and Fox News contributor Riley Gaines. The related posts often described Polymarket's odds changes as "BREAKING" news or event bellwethers, aiming to reinforce the public perception of the platform's predictive accuracy.A Polymarket spokesperson responded that collaborating with content creators is a standard marketing strategy for the company, intended to provide global users with "the most accurate, transparent, and data-driven market insights." However, the company did not address questions regarding why personal accounts were used for payments or whether the related promotions complied with disclosure requirements.The report notes that following Trump's election victory, interest in prediction markets surged, and Polymarket's trading volume grew rapidly. As the platform seeks to re-enter the U.S. market, it is expanding its brand influence through social media and opinion leaders, while also facing scrutiny over information disclosure, market influence, and regulatory compliance. (Politico)
Chainalysis has released a report stating that as demand for gray market peptide products (such as weight loss drugs like semaglutide) grows rapidly, related suppliers and buyers are increasingly using cryptocurrencies for transactions, with leading suppliers primarily relying on Bitcoin and stablecoins.The report shows that crypto funds flowing into this sector reached $32 million in the first quarter of 2026, a 159% increase from $12 million in the previous quarter, with the annualized scale already exceeding $100 million.Chainalysis points out that demand for peptide products is driven by trends in medical aesthetics, health and wellness, and the popularity of GLP-1 drugs. However, since these products often involve prescription-grade compounds or unregulated substances, traditional banks and credit card processors typically restrict their transactions, prompting the market to shift towards crypto payments.The agency also noted that some leading suppliers have adopted more professional on-chain fund management methods. Particularly among suppliers with average single deposits exceeding $1,000, the proportion of stablecoins has significantly increased, likely to mitigate the risk of large supply chain orders being affected by crypto market volatility.
Digital trading platform Moomoo has announced a partnership with prediction market operator Kalshi to offer eligible users access to event contracts regulated by the U.S. Commodity Futures Trading Commission (CFTC). Users can trade contracts related to major events such as Federal Reserve interest rate decisions, inflation data, elections, and the 2026 FIFA World Cup directly through the Moomoo platform.Event contracts are exchange-traded derivatives that allow investors to bet on the outcome of specific events. Contract prices range from $0.01 to $1, reflecting the market's expectation of the probability of each event occurring. These products will be integrated into the platform alongside Moomoo's existing offerings of stocks, options, and ETFs. Additionally, Moomoo has recently launched cryptocurrency deposit and withdrawal functionality, as well as the moomoo API Skills service for AI-powered investment tools, continuing to expand its product ecosystem. (CoinDesk)
According to The Block, Coinbase Ventures announced its investment in Ethena by purchasing ENA tokens on the public market. The two parties also announced a strategic partnership to jointly expand onchain financial and savings products. According to Guy Young, Ethena’s founder, the integration will go live next week, marking the first time Ethena’s products will be made available to Coinbase’s over 100 million users. Additionally, the collaboration involves Circle’s USDC stablecoin, though specific details of this cooperation have not yet been disclosed.
that, according to an official announcement, the Binance Wallet prediction market has officially integrated the Predict Points system, i.e., PP points, provided and operated by Predict.fun. Users can earn PP points by participating in market trading, providing liquidity, holding positions, and engaging in other eligible market activities within the Binance Wallet prediction market.This launch supports the retroactive calculation of historical PP points, with synchronization expected to be completed before 13:00 on June 2, 2026. Eligible historical trading records will be automatically credited. Users can view their personal points via the prediction account in the Binance App or the prediction market assets page in the Binance Wallet.