Morning Post | Bitmine Plans to Raise $300 Million Through Preferred Stock Issuance; Polymarket Accuses Kalshi of Commercial Espionage

链捕手Pubblicato 2026-06-05Pubblicato ultima volta 2026-06-05

Introduzione

ChainCatcher's Daily Crypto Brief: Key developments from the past 24 hours include significant funding moves, regulatory actions, and market predictions. Bitmine announced a $300 million preferred stock fundraising. Polymarket accused rival prediction platform Kalshi of corporate espionage, citing numerous suspicious coincidences in product launches, a claim Kalshi strongly denied. The U.S. Department of Justice, in a joint "Disruption Week" anti-fraud operation with companies like Coinbase and Meta, froze over $3.8 million in cryptocurrency linked to scams. In infrastructure news, Macau completed its integration with the multi-central bank digital currency bridge, mBridge, aiming to build efficient cross-border payment channels. Cosmos Labs acquired the block explorer Mintscan. Market-wise, Geoffrey Kendrick, Standard Chartered's Head of Digital Assets Research, stated Bitcoin is nearing a bottom around $63,000, maintaining a year-end target of $100,000. He noted stability in U.S. spot Bitcoin ETF holdings. Ahead of SpaceX's anticipated IPO, internal insiders at Rocket Lab (RKLB) sold over $18.41 million in stock. In tokenization, Goldman Sachs partnered with Apex and Archax to launch a tokenized real estate fund. The meme token tracker GMGN reported the top trending tokens: on Ethereum, HEX, SHIB, LINK, PEPE, mUSD; on Solana, TROLL, swarms, WORLDCUP, neet, Buttcoin; and on Base, PEPE, toby, ODDS, ELSA, SKI.

Compiled by: ChainCatcher


Key News:

  • Bitmine Announces Plan to Raise $300 Million Through Issuing Preferred Stock
  • Polymarket Accuses Kalshi of Commercial Espionage, Citing Too Many 'Coincidences' in Product Launches
  • U.S. DOJ Collaborates with Coinbase, Meta, and Others in Anti-Scam Operation, Freezing Over $3.8 Million in Crypto Assets
  • Macao Completes System Integration with Multilateral Central Bank Digital Currency Bridge mBridge, Building an Efficient and Secure Cross-Border Payment Channel
  • Cosmos Labs Acquires Block Explorer Mintscan
  • Goldman Sachs Partners with Apex and Archax to Launch Tokenized Real Estate Fund

What were the key events of the past 24 hours?

Macao Completes System Integration with Multilateral Central Bank Digital Currency Bridge mBridge, Building an Efficient and Secure Cross-Border Payment Channel

U.S. DOJ Collaborates with Coinbase, Meta, and Others in Anti-Scam Operation, Freezing Over $3.8 Million in Crypto Assets

ChainCatcher news, according to a report by The Block, the U.S. Department of Justice stated that in the joint anti-scam operation codenamed "Disruption Week," private sector participants froze over $3.8 million in cryptocurrency assets related to scams. Participating institutions included Coinbase, Meta, Google, Microsoft, SpaceX, TRM Labs, among others.

The operation also led to the arrest of seven scam operators by Thai police and the identification of multiple scam platforms handed over to U.S. authorities for investigation. According to FBI data, reported losses from cryptocurrency investment scams in 2025 grew by 24% year-over-year, exceeding $7.2 billion.

Standard Chartered's Head of Digital Assets Research: Bitcoin 'Bottom is Near,' Maintains Year-End $100,000 Target

ChainCatcher news, according to a report by The Block, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, stated that Bitcoin's "bottom has almost arrived" following the recent sharp decline, and the current range around $63,000 is a "buying zone." He pointed out that holdings of U.S. spot Bitcoin ETFs have remained largely flat overall since February, with no concentrated redemptions as feared, indicating that the funds are more "structurally stable."

Kendrick expects that after Strategy, which triggered recent selling pressure, sold 32 BTC, it may follow historical precedent by repurchasing 10 times or even 100 times that amount, potentially signaling a confirmation of a cyclical low. He also noted that Bitcoin still faces downside risks of falling below $60,000 but believes averaging into purchases is preferable to trying to time the exact bottom. The bank maintains its year-end targets of $100,000 for Bitcoin and $4,000 for Ethereum.

Ahead of SpaceX's IPO, Rocket Lab (RKLB) Insiders Cash Out Over $18.41 Million in Stock

ChainCatcher news, according to a report by Barron's, ahead of SpaceX's IPO, Rocket Lab insiders collectively sold over 124,000 shares, cashing out more than $18.41 million. This included the company's General Counsel Arjun Kampani, Vice President of Space Systems Brad Clevenger, COO Frank Klein, and Alex Slusky, head of Vector Capital, the entity behind the SPAC that took the company public.

The company's stock price had previously risen significantly due to industry optimism fueled by SpaceX's valuation increase. On Monday this week, Rocket Lab's (RKLB) stock price once fell by 15% to $122.39.

Polymarket Accuses Kalshi of Commercial Espionage, Citing Too Many 'Coincidences'

ChainCatcher news, prediction market platform Polymarket believes its competitor Kalshi may have engaged in commercial espionage against its New York office and employees. A Polymarket marketing executive confirmed the company is conducting an internal investigation, stating there were "too many coincidences" and suspecting Kalshi had ill intentions.

Reports indicate that Polymarket internally compiled a file named "Copycat," documenting about a dozen suspicious incidents. These included Polymarket's original plan to launch a free grocery pop-up event on February 12, while Kalshi launched a similar event approximately 9 days earlier. Additionally, Polymarket planned to announce its perpetual contract product plans 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 also expressed concern that the office of Paradigm, a venture capital firm backing Kalshi, is located opposite their workplace, posing a risk of employees' computer screens being viewed. It is reported that Polymarket installed window films on some office windows this spring.

In response, a Kalshi spokesperson denied all allegations, calling Polymarket's suspicions "pathetic and bordering on delusional."

Meme Token Hotlist

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

The top five popular tokens on ETH in the past 24h were: HEX, SHIB, LINK, PEPE, mUSD.

The top five popular tokens on Solana in the past 24h were: TROLL, swarms, WORLDCUP, neet, Buttcoin.

The top five popular tokens on Base in the past 24h were: PEPE, toby, ODDS, ELSA, SKI.

Domande pertinenti

QWhat significant fundraising initiative has Bitmine announced, and how much does it aim to raise?

ABitmine has announced the issuance of preferred stock aiming to raise 300 million US dollars.

QWhat action has the US Department of Justice taken in collaboration with companies like Coinbase and Meta, and what was the outcome?

AThe US Department of Justice conducted a joint anti-fraud operation named 'Disruption Week' with companies including Coinbase, Meta, Google, Microsoft, SpaceX, and TRM Labs. The operation resulted in the freezing of over 3.8 million US dollars in cryptocurrency assets linked to scams.

QAccording to Geoffrey Kendrick of Standard Chartered Bank, what is the outlook for Bitcoin's price and what are his specific targets?

AGeoffrey Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Bitcoin's bottom is nearly in place after recent declines and considers the current price around 63,000 USD a 'buying range'. He maintains a year-end target of 100,000 USD for Bitcoin and 4,000 USD for Ethereum.

QWhat allegations has Polymarket made against its competitor Kalshi, and how has Kalshi responded?

APolymarket has accused its competitor Kalshi of potential corporate espionage, citing 'too many coincidences' in similar product launches and activities. Kalshi has denied all allegations, calling Polymarket's suspicions 'pathetic and bordering on delusional'.

QWhat major development has been completed regarding Macao and the mBridge system, and what is its purpose?

AMacao has completed system integration with the multilateral central bank digital currency bridge, mBridge. The purpose is to establish an efficient and secure cross-border payment and settlement channel.

Letture associate

Coinbase Targets Crypto Crime, Freezing $3M Linked To Scam Operations

Coinbase froze over $3 million in cryptocurrency linked to Southeast Asian scam networks as part of a multi-agency "Disruption Week" campaign. The operation, coordinated by the DOJ's Scam Center Strike Force, involved companies like Meta, Microsoft, and Starlink, and disrupted over 1.4 million scam accounts. The DOJ noted that investment fraud, including "pig butchering" scams, is among the fastest-growing threats, with crypto-related scams causing billions in losses. This action follows other recent crackdowns targeting scam infrastructure globally. Coinbase highlighted that blockchain provides a permanent transaction record, aiding investigations and countering the narrative that crypto is solely a tool for crime.

bitcoinist5 min fa

Coinbase Targets Crypto Crime, Freezing $3M Linked To Scam Operations

bitcoinist5 min fa

BIT Research: ETF Purchases Have Slowed, Strategy (MicroStrategy) Has Slowed, What Else Can Drive Bitcoin's Rise?

Market Refocus on Inflation and Rate Expectations Weighs on Bitcoin Currently, the market is in a phase of macro-repricing dominated by inflation and interest rate expectations. Bitcoin, which previously benefited from easy liquidity and low inflation, is seeing its core bullish drivers weaken. These drivers were market expectations for interest rate cuts and strong inflows from Bitcoin ETFs and institutions like MicroStrategy (referred to as "Strategy" in the text). The logic has shifted. Recent high inflation data (e.g., CPI hitting 3.8% in a May 2026 report) has caused the market to sharply reduce its rate cut expectations for 2025 and even price in potential hikes. This is a key constraint for Bitcoin, as it lacks cash flows and is highly sensitive to rate expectations. Concurrently, institutional capital flows have slowed significantly. Following the hot CPI data, Bitcoin ETFs saw accelerated outflows, with around $4.3 billion leaving over a period. MicroStrategy's ability to keep adding substantial Bitcoin to its balance sheet is also diminishing. Together, ETF and MicroStrategy holdings total roughly $110 billion, but their momentum as growth engines is cooling. In summary, Bitcoin's current pressure stems not from its own fundamentals but from a changing macro environment. As long as inflation stays elevated, Bitcoin is likely to remain in a consolidating phase. However, historically, inflation eventually peaks. Once it recedes and rate cut expectations rebuild, institutional capital could return, potentially fueling a new and more robust recovery phase for Bitcoin.

marsbit7 min fa

BIT Research: ETF Purchases Have Slowed, Strategy (MicroStrategy) Has Slowed, What Else Can Drive Bitcoin's Rise?

marsbit7 min fa

Earning 1000 Trillion in Half a Year, 'Pocketing' 20 Million per Capita: This Round of Wealth Creation in the Korean Stock Market is Unprecedented in Scale

The South Korean stock market is experiencing an unprecedented wealth surge in 2026, with household equity and fund asset values soaring by over 1,000 trillion KRW (~$730bn) year-to-date. This translates to an average per capita wealth increase of roughly 20 million KRW, fueled by a historic 109% rally in the KOSPI index. The boom is driven by three converging forces: an AI-driven semiconductor supercycle boosting giants like Samsung and SK Hynix; the government's "Value-Up" market reforms addressing long-standing corporate governance issues; and aggressive real estate regulations that have locked capital within financial markets, preventing profits from flowing back into property. This has triggered a wealth effect, boosting high-end consumption significantly. However, the gains are highly concentrated. The two semiconductor behemoths account for over half the index's value, but retail investors own relatively low stakes in them, systematically missing the biggest rallies. Wealth and consumption benefits are skewed towards luxury goods and imported cars, bypassing mainstream retail. Further risks stem from excessive leverage, with high trading volume in leveraged ETFs, and a market sentiment heavily reliant on the AI sector's fortunes and speculative rumors. While this cycle marks a potential shift from real estate to equities as a primary wealth generator for Koreans, its sustainability, amid structural imbalances and leverage, remains a critical test.

marsbit13 min fa

Earning 1000 Trillion in Half a Year, 'Pocketing' 20 Million per Capita: This Round of Wealth Creation in the Korean Stock Market is Unprecedented in Scale

marsbit13 min fa

Behind ZEC's Over 30% Plunge: An 'Unlimited Minting' Vulnerability with No Way to Prove if It Was Ever Exploited

A critical vulnerability was discovered in Zcash's Orchard privacy pool, allowing for the theoretical creation of undetectable counterfeit ZEC. Researcher Taylor Hornby found the flaw on May 29th, 2024, within the Orchard circuit's cryptographic constraints, which could let an attacker bypass asset conservation rules. Although a rapid emergency fix was deployed within days via a coordinated soft and hard fork, a core uncertainty remains: due to Orchard's privacy features, it is impossible to cryptographically prove whether this "unlimited mint" flaw was exploited in the nearly four years since the pool's 2022 launch. This uncertainty, rather than the patched flaw itself, triggered a market panic, causing ZEC's price to drop over 30%. While the Zcash Foundation stated no evidence of exploitation was found, independent entity Shielded Labs emphasized the impossibility of definitively proving no counterfeit ZEC was ever created. The incident highlights the unique trust challenge in privacy systems. To address this, developers are proposing a new network upgrade with enhanced auditing to allow verifiable proof of supply integrity. Notably, the researcher utilized the newly released AI model Claude Opus 4.8 as a tool during the security review, signaling the growing role of advanced AI in uncovering complex cryptographic vulnerabilities.

marsbit15 min fa

Behind ZEC's Over 30% Plunge: An 'Unlimited Minting' Vulnerability with No Way to Prove if It Was Ever Exploited

marsbit15 min fa

imToken's 10th Anniversary Unveils Strategic Direction for the Next Decade: Evolving from a Trusted Main Wallet to a Personal Digital Hub

On its tenth anniversary, decentralized wallet imToken announced its strategic vision for the next decade: evolving from a "trusted main wallet" into a "personal control interface." This new direction aims to help users manage not only digital assets but also identity, permissions, and AI agent actions in an increasingly open and intelligent internet. imToken outlined that while the past decade focused on Store, Send, and Stake—securing assets, enabling transfers, and facilitating network participation—the future introduces a fourth core proposition: Sign. This expanded concept goes beyond transaction signing to encompass expressing intent, granting permissions, setting rules, delegating actions, and revoking authorizations. As AI agents gain autonomy, imToken emphasizes the need for clear, verifiable, and revocable user control over their actions. CEO Ben He stated that imToken's mission is shifting from enabling ownership of digital assets to ensuring user sovereignty over their entire digital world in the AI era. The company's core principle has been upgraded from "Digital Assets, Under Your Control" to "Your Digital World, Under Your Control." Future development will focus on three areas: upholding self-custody principles, extending security from transactions to authorizations and automated actions, and building product capabilities for managing permissions, delegations, policies, and revocations. imToken views the wallet's role as expanding into a trusted control interface for human-AI collaboration, where managing keys, signatures, and permissions forms the infrastructure for personal digital sovereignty. Founded in 2016, imToken serves millions of users across 150+ countries, providing non-custodial wallet services supporting over 50 blockchain networks.

marsbit16 min fa

imToken's 10th Anniversary Unveils Strategic Direction for the Next Decade: Evolving from a Trusted Main Wallet to a Personal Digital Hub

marsbit16 min fa

Trading

Spot
Futures
活动图片