Polymarket's CMO has been exposed for paying over $2.5 million to more than 800 influencers without disclosing the paid promotional relationship.
On June 5, Polymarket Chief Marketing Officer Matthew Modabber transferred more than $2.5 million to over 800 individuals through his personal PayPal account between January 2025 and February 2026. Roughly 24 identifiable influencers who received the funds posted Polymarket-related content on Platform X, totaling over 490 posts — none of which disclosed a paid promotional relationship with the brand.
The recipients include content creators across diverse backgrounds, from conservatives to progressives. Some posts framed Polymarket’s odds data in news-like language, using phrases like “BREAKING” and “NEW.”
In response, a Polymarket spokesperson noted that influencer collaborations are a standard business practice for the company, but declined to comment on its disclosure policies or Modabber’s use of a personal account for the transactions. The U.S. Federal Trade Commission (FTC) mandates that influencers must disclose any “material connection” to the brands they promote, per a Politi
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An address has deposited $1 million, continuing to accumulate the "Binance Coin."
June 5 update: Per onchainschool.pro, the blockchain address 0x82C0DA65f3bE5fd4EE102337A5c560E2ae52ebD1 deposited $1 million earlier this afternoon and has continued to accumulate Binance Life tokens. As of press time, this address holds $6.35 million worth of Binance Life, with $175,000 still in stablecoins.
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Michael Saylor: The Bitcoin community is now dividing into four major groups, and any extreme taken by one group will be harmful.
June 5th, Michael Saylor, founder of Strategy, published an article categorizing the Bitcoin community into four core ideological camps:
Maximalists, who hold Bitcoin is the only viable global monetary network;
Capitalists, who advocate for deep integration between Bitcoin and the global economy—including partnerships with banks, capital markets, and credit tools;
Technologists, who argue the protocol needs continuous upgrades to address scalability, privacy, and security gaps;
Fundamentalists, who are dedicated to defending Bitcoin’s core principles: decentralization, immutability, and self-custody.
Saylor also outlined risks tied to each camp’s approach: Maximalists could grow overly arrogant and fail to explain how Bitcoin will integrate with the real economy; Capitalists might push for over-leveraging and excessive financialization, repeating the systemic fragility Bitcoin was designed to solve; Technologists who undervalue stability could harm Bitcoin with unnecessary pro
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Prominent Trader: Has Started Long Position on Bitcoin, Expects New Price High Before Next Halving, Targets $160,000
On June 5, prominent crypto trader Killa (@KillaXBT) announced he has opened an official long position in Bitcoin, setting a $31,950 stop-loss and $160,000 price target.
Killa’s bullish thesis rests on a consistent upward trend in the proportion of profitable Bitcoin addresses at each historical bear market bottom: 35.82% in 2015, 40.47% in 2019, 45.11% in 2022, and 51.12% in 2026. Each cycle has seen roughly a 5% jump in this metric, which he says signals a potential price floor for Bitcoin’s current market. He added his position is mostly spot with low leverage, though he cautioned investors to stay alert to pullback risks.
Additionally, Killa noted that shifts in Bitcoin’s holding structure have accelerated its bull-bear cycles. The last cycle hit a new all-time high ahead of the halving, and he projects this cycle will reach another peak in April 2028 before the next halving, with a final $160,000 target.
As a Bitcoin-focused quant trader, Killa accurately predicted the peak of
8 minutes ago
Citi Warns: Global Stock Markets Are at Their Most Serious Bubble Level Since the 2008 Financial Crisis
June 5 — Citigroup is warning that the global stock market is currently in its most severe bubble territory since the 2008 financial crisis, with 10 of 18 risk indicators on the firm’s global bear market checklist now triggered.
Concerns center on several key drivers: rising valuations, broadly bullish investor sentiment, surging AI-related spending, and a pickup in initial public offering (IPO) activity. While Citigroup maintains an optimistic outlook for the stock market by year-end, the alert signals that if these risk signals continue to climb, the popular "buy the dip" investment strategy could grow increasingly risky.
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JPMorgan Chase Upgrades Tesla Rating to "Neutral," Bullish on Its AI and Hardware Integration Ability
June 5: JPMorgan Chase upgraded Tesla’s stock rating from Underweight to Neutral, noting the company’s value is increasingly tied to autonomous driving, robotics, artificial intelligence, and software rather than short-term electric vehicle earnings. The firm raised its price target on the stock from $145 to $475, citing Tesla’s strong hardware-software integration and long-term growth potential. Still, the bank warned that regulatory, safety, and execution risks remain substantial.
8 minutes ago
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