Organized by ChainCatcher
Important information:
- Bitmine announces the issuance of preferred shares to raise $300 million.
- Polymarket accuses Kalshi of industrial espionage, claiming there are "too many coincidences" in multiple product launches.
- The U.S. Department of Justice, in collaboration with Coinbase, Meta, and others, has launched an anti-fraud operation, freezing over $3.8 million in crypto assets.
- Macao has completed integration with the multilateral central bank digital currency bridge (mBridge) system, establishing an efficient and secure cross-border payment and settlement channel.
- Cosmos Labs acquires the block explorer Mintscan
- Goldman Sachs, in collaboration with Apex and Archax, launches a tokenized real estate fund
What important events occurred in the past 24 hours?
ChainCatcher report, according to Beijing Business Daily, the Monetary Authority of Macao has announced that Macao has completed system integration with the multilateral central bank digital currency bridge (mBridge) project and officially launched local bank “bridge access” transactions on June 2 to establish an efficient, secure, and low-cost cross-border payment and settlement channel.
ChainCatcher report, according to The Block, Cosmos Labs, the core development team of the Cosmos ecosystem, has announced the acquisition of the Cosmos block explorer Mintscan and the establishment of a new subsidiary, Cosmos Labs Korea, in Seoul, South Korea, to coordinate the development of key infrastructure across the Cosmos ecosystem.
According to Barry Plunkett, Co-CEO of Cosmos Labs, the transaction negotiations began in October 2025 and were initiated by the co-founder of Stamper, the legal entity behind Cosmostation. The transaction amount, funding method, and whether Cosmos Hub tokens were involved were not disclosed.
ChainCatcher news, According to The Block, the U.S. Department of Justice stated that during the joint anti-fraud operation codenamed “Disruption Week,” private sector participants froze over $3.8 million in cryptocurrency assets linked to fraud. Participating institutions include Coinbase, Meta, Google, Microsoft, SpaceX, TRM Labs, and others.
The operation also led Thai police to arrest seven fraudsters and identify multiple fraudulent platforms for referral to U.S. authorities. According to FBI data, reported losses from cryptocurrency investment scams increased by 24% in 2025, exceeding $7.2 billion.
ChainCatcher report, according to The Block, Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered Bank, said that after the recent sharp decline, Bitcoin's "bottom is nearly in," with the current range of approximately $63,000 serving as a "buying zone." He noted that since February, overall holdings in U.S. spot Bitcoin ETFs have remained largely flat, with no concentrated redemptions as feared, indicating more "structurally stable" capital.
Kendrick expects that after the recent Strategy sold 32 BTC, triggering selling pressure, a repurchase at 10x or even 100x the scale may follow historical patterns, potentially signaling a阶段性 low point. He also notes that Bitcoin still faces downside risk below $60,000, but believes dollar-cost averaging is preferable to attempting to time the exact bottom. The firm maintains its year-end targets of $100,000 for Bitcoin and $4,000 for Ethereum.
Just before SpaceX's IPO, insiders at Rocket Lab (RKLB) cashed out over $18.41 million in stock.
ChainCatcher report, according to Barron’s, prior to SpaceX’s IPO, insiders at Rocket Lab collectively sold over 124,000 shares, cashing out more than $18.41 million. This includes Arjun Kampani, General Counsel of the company; Brad Clevenger, Vice President of Space Systems; Frank Klein, Chief Operating Officer; and Alex Slusky, representative of Vector Capital, the entity behind the SPAC that facilitated the company’s listing.
Previously, the company's stock price surged significantly due to industry optimism driven by SpaceX's rising valuation. On Monday, Rocket Lab's (RKLB) stock price dropped as much as 15% to $122.39.
ChainCatcher news, The prediction market platform Polymarket believes its competitor Kalshi may be conducting corporate espionage against its New York office and employees. Polymarket’s marketing director confirmed the company is conducting an internal investigation and stated that “there are too many coincidences,” raising suspicions of malicious intent by Kalshi.
Reports indicate that Polymarket internally compiled a file titled "Copycats," documenting around a dozen suspicious incidents. These include Polymarket’s planned free grocery pop-up event on February 12, which Kalshi launched approximately nine days earlier; additionally, Polymarket was set to announce its perpetual contracts 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 also expressed concerns that Paradigm, the venture capital firm backing Kalshi, has its office directly across from their building, potentially allowing observers to view employees’ computer screens. It is reported that Polymarket installed privacy film on some of its office windows this spring.
In response, a Kalshi spokesperson denied all allegations, calling Polymarket’s suspicions “sad and nearly delusional.”
ChainCatcher report: U.S. Treasury Secretary Scott Bessent stated during a Senate Finance Committee hearing that the Treasury is steadily advancing the establishment of a strategic Bitcoin reserve. He also urged lawmakers to support the Clarity Act for digital asset regulation, expressing hope that the bill will pass this summer to bring American best practices home and position the United States as the global hub of innovation. Regarding the strategic Bitcoin reserve, Scott Bessent noted that while the process is complex, it is moving forward, ensuring that best practices are adopted throughout to ensure long-term sustainability.
ChainCatcher news, 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 total proceeds of $300 million. The preferred stock has an initial liquidation preference of $100 per share and will accrue dividends at an annual rate of 9.5%, paid weekly in cash; dividends will continue to accrue even if the company does not declare dividends or temporarily lacks distributable funds.
Bitmine has the right to redeem early: at 110% of face value within 18 months after issuance, at 105% of face value between 18 months and 3 years, and at 100% of face value after 3 years, with additional payment of accumulated unpaid dividends upon redemption.
ChainCatcher report: New speculative trader Serenity posted on X stating that today they executed a swing trade by buying IBIT and ETHA at Bitcoin at $62,000 and Ethereum at $1,750, emphasizing that this was a short-term swing trade, not a long-term hold.
Serenity noted that although he focuses on swing trading, the decline in market prices has negatively impacted related stocks such as Robinhood (HOOD) and Coinbase (COIN).
ChainCatcher report, according to The Block, the monthly number of cryptocurrency venture capital deals has dropped to around 50, the lowest level since before 2021. Both historically active sectors—infrastructure and crypto financial services—have reached multi-year lows. The primary reasons for this decline in deal volume are a significant shift in investor focus toward the AI sector, coupled with insufficient supply of high-quality early-stage projects.
Despite a decline in transaction volume, total funding remains relatively high, exhibiting a "few large deals" pattern—the recent $1 billion funding round by the prediction market platform Kalshi is a prime example. Analysts note that the current low-noise environment presents a window of opportunity for projects with clear use cases and genuine traction. Whether a recovery emerges in the second half of 2026 will depend on whether new sectors beyond prediction markets and financial infrastructure can generate a scalable investment consensus.
ChainCatcher report, according to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) announced on June 4 the abolition of its "neither admit nor deny" policy, which had been in place for nearly 30 years. The policy, in effect since 1998, required defendants to agree not to publicly deny the CFTC’s allegations when settling.
CFTC Chairman Mike Silber said the move aligns with the overall direction of government regulatory agencies and grants the commission greater flexibility in enforcement settlements. Previously, the SEC had率先 repealed a similar policy in May.
ChainCatcher report, according to CoinDesk, Citi analyst Alex Saunders stated in his latest report that while Strategy's recent sale of Bitcoin has caused market volatility, the bigger issue is the lack of demand from new investors.
The report states that Strategy's sale is part of a previously disclosed tax optimization plan, not a strategic shift. What truly matters is that spot Bitcoin ETFs have experienced net outflows for 11 consecutive days, a significant signal of weak investor adoption. Analysts estimate that ETF fund flows account for approximately 45% of Bitcoin's weekly price fluctuations.
Additionally, the likelihood of the U.S. Crypto Market Structure Act 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 subdued.
AI company Lassie completes a $35 million Series A round led by a16z
ChainCatcher report, according to TechFundingNews, AI company Lassie, founded by former Robinhood and Superhuman employees Steijn Pelle and Frédéric Renken, has completed a $35 million Series A round led by a16z, with participation from Night Capital, the founder of Superhuman, co-founders of Plaid and Wise, bringing total funding to $47 million.
The two co-founders manually handled insurance claims and payment reconciliations for months at a dental clinic before writing any code. Today, Lassie operates in over 700 clinics across 49 U.S. states, saving owners more than 250,000 hours of administrative work annually. a16z general partner Alex Rampell has joined Lassie’s board. Lassie’s AI agents directly access clinic insurance portals to pull reimbursement data, reconcile payments, update system records, and verify bank funds—fully replacing manual labor rather than adding another software layer.
Goldman Sachs, in collaboration with Apex and Archax, launches a tokenized real estate fund
ChainCatcher news, Goldman Sachs has announced a partnership with fund services provider Apex Group, digital asset trading platform Archax, infrastructure provider Ownera, and real estate investment management firm LRC Group to launch a blockchain-native real estate fund, further advancing the tokenization of real-world assets (RWA).
The fund combines a traditional fund structure with a blockchain-native issuance model, with fund shares tokenized via Goldman Sachs’ blockchain platform, GS DAP. LRC Group serves as the fund manager, Archax provides regulated digital securities custody and acts as the first distribution partner, and Ownera connects all participants and distribution channels.
Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, said that issuing blockchain-native fund shares through GS DAP enables more precise investment in real estate assets and paves the way for more convenient share transfers in the future.
The market believes that tokenization of real-world assets, such as real estate, is gradually moving from conceptual exploration to practical application as traditional financial institutions accelerate their involvement.
Meme Popular Rankings
According to market data from the meme token tracking and analytics platform GMGN, as of June 5 at 09:00,
The top five most popular ETH tokens in the past 24 hours are: HEX, SHIB, LINK, PEPE, mUSD
Over the past 24 hours, the top five trending Solana tokens were: TROLL, swarms, WORLDCUP, neet, Buttcoin
The top five most popular tokens on Base over the past 24 hours are: PEPE, toby, ODDS, ELSA, SKI
