News linked to both this project and an event.
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.
HSBC released a research report stating that the global commodities market is experiencing a “super squeeze” driven primarily by supply disruptions. It noted that if the Strait of Hormuz were to face a prolonged, substantive closure, global commodity inventories would be depleted at an accelerated pace, with some commodities potentially approaching a price inflection point. The report pointed out that the Middle East conflict has already disrupted aluminum smelting capacity, pushing aluminum prices to a four-year high; copper prices, meanwhile, are mainly supported by a recovery in end-user demand and are nearing USD 14,000 per ton. HSBC also highlighted tightening supply pressures across crude oil, liquefied natural gas (LNG), agricultural products, and industrial metals.
Odaily News According to an official announcement, OKX has executed a Rebase (proportional adjustment) on the SPACEXUSDT pre-market contract at 15:10 on June 2 (UTC+8), and simultaneously renamed the contract to SPCXUSDT. This adjustment aims to align the contract parameters from the estimated equity to the actual equity disclosed by SpaceX in its S-1 filing, with an adjustment ratio of 12.52x.It is reported that this Rebase will proportionally adjust user positions and orders, while the position value and account equity will remain unchanged in principle. During the adjustment period, order placement, modification, and cancellation services will be suspended for approximately 5 minutes, and some order types will be canceled and need to be reset. Additionally, following the contract rename, the relevant API identifiers will also be updated simultaneously.
According to Cointelegraph, Ripple announced the official launch of its U.S. dollar-pegged stablecoin RLUSD in the Turkish market through partnerships with three local institutions—BiLira, Bitexen, and Bitlo—providing institutional users in Turkey with enterprise-grade U.S. dollar liquidity support.
According to The Block, Robinhood Markets has completed its $180 million acquisition of Canadian digital asset services firm WonderFi. WonderFi operates Bitbuy and Coinsquare—the two largest regulated crypto platforms in Canada—and existing users will be invited to migrate to the Robinhood app. This acquisition pushes Robinhood’s overseas registered user base past 1 million, adding approximately 300,000 Canadian users. Robinhood stated it will continue supporting WonderFi’s partnerships with local institutions to further expand its institutional business. The deal was initially announced in May 2025 and originally slated for completion in the second half of 2025 but was delayed until now due to technical deployment and regulatory approval requirements.
According to The Block, Strategy disclosed in an SEC filing that it sold 32 BTC between May 26 and May 31, generating approximately $2.5 million in proceeds to pay dividends on its preferred stock. This marks the company’s first Bitcoin sale since December 2022. The disclosure sparked controversy in a Polymarket prediction market—valued at over $20 million in trading volume—that had asked whether Strategy would sell Bitcoin before May 31. The dispute centers on whether the sale qualifies: “Yes” proponents argue the sale occurred before the deadline; “No” proponents contend the information was not publicly disclosed before the market closed and therefore should not count. The market has now entered its final review phase. Polymarket added that “results confirmed outside the deadline will not be recognized,” leaning toward the “No” side. If the dispute escalates further, UMA token holders will vote to resolve it—but prior reports indicate UMA voting power is highly concentrated, with over 60% of active voters linked to Polymarket accounts, raising concerns about impartiality.
: Market data shows that IBM's stock price continues to rise, currently up over 11% in pre-market trading. To meet market trading demand, Bitget stock contracts have now listed 13 underlying assets, including IBM (International Business Machines Corporation), RTX (Raytheon Technologies), RCAT (Red Cat Holdings), AXON (Axon Enterprise), and NOW (ServiceNow). These cover popular sectors such as enterprise cloud services, aerospace and defense. The aforementioned contracts support up to 20x leverage.
"New Stock God" Serenity stated on the X platform that AI infrastructure company Nebius (NASDAQ: NBIS) has continued to show strong performance recently, not only outperforming the broader market but also surpassing the Neocloud concept stock basket composed of IREN, Cipher Mining (CIFR), and others. Serenity also described Nebius's recent market performance as having "anime plot armor," expressing optimism about its sustained upward momentum.After Microsoft's earnings report release last year, Serenity predicted that Nebius's market cap could reach $100 billion following the release of its Q4 results. Currently, Nebius's market cap has risen to approximately $60 billion, steadily approaching this target.