Linera Launches Babbage Testnet

June 2. Prediction market platform Kalshi is spotlighting an innovative use case tailored for small businesses. The Jeffrey, a bar on New York City’s Upper East Side, rolled out a high-stakes promotion ahead of the first NBA Finals game: if the New York Knicks take home the win, all customer tabs that night will be comped. To offset the risk of lost revenue from the offer, the bar secured a $5,000 hedge position through Kalshi. Here’s how the arrangement works: The Jeffrey purchased Kalshi contracts tied directly to the Knicks’ game result. If the Knicks win, the bar will foot the bill for comped tabs, but profits from its Kalshi contracts will erase that expense. If the Knicks lose, The Jeffrey doesn’t have to uphold the free-tab promise—they’ll only need to pay a small hedging fee to see their marketing campaign through as planned. This case drives home another core value of prediction markets beyond speculative trading: they offer businesses insurance-like risk management tools. B

June 2: A whale trader using the alias "Sets 10 Big Goals First" has closed a Bitcoin short position on Exchange X, pocketing $3.3 million in profits from the trade. Per the accompanying trade screenshot, the short position was opened on May 28 at $73,000, with 4x leverage for a total short size of 2,739.071 BTC. The position was closed out yesterday at an average execution price of $71,834.9.

On June 2, Strategy issued an official announcement proposing to adjust the dividend distribution frequency of its STRC preferred shares from the current monthly schedule to twice-monthly (semi-monthly). The company noted that if the proposal is approved and put into effect, it will reduce the waiting time for dividend reinvestment, improve market liquidity and trading efficiency, and support stock price stability. Shareholders can vote on the proposed amendment through their brokerage accounts. During the voting process, Alliance Advisors—Strategy’s authorized proxy solicitation partner—may contact shareholders to help them complete their voting. Separately, Strategy reminds investors who hold both MSTR common shares and STRC preferred shares to vote separately for each share class in support of the proposal. The amendment will only take effect if shareholders of both MSTR and STRC approve it. In related news, a report published yesterday showed that Strategy sold 32 bitcoins last

On June 2nd, monitoring from Onchain Lens indicates that BlackRock has just deposited 900 Bitcoin (BTC) valued at approximately $62.55 million and 17,511 Ethereum (ETH) worth roughly $34.57 million into Coinbase, and may continue depositing more assets moving forward.

June 2: NVIDIA’s Spectrum-X Ethernet Silicon Photonics Technology is now in full production. The next-generation Spectrum-X switch is built on Chiplet-based Photonics and Electronics Co-Packaging (CPO) technology, supporting NVIDIA’s Vera Rubin platform for data center scale-out and cross-region AI Factory deployments. Spectrum-X Ethernet Silicon Photonics Technology serves as a key example of NVIDIA’s full-stack co-design approach. Compared to networks using traditional transceivers, it delivers a 5x improvement in energy efficiency, a 5x boost in AI uptime, and 1.3x faster deployment times. Click the original article link below to join the BlockBeats · Feishu AI News Channel and receive 24/7 real-time monitoring of global AI trends and news.

June 2 – Per a report from the Securities Times, Tiger Brokers announced it will adjust services for existing mainland China-based investor accounts to comply with industry regulatory requirements during a two-year rectification period and support standardized cross-border securities operations. Effective June 12, 2026 (Beijing Time): - Onshore trading services: A temporary suspension of new position openings and additional buys across all security types is implemented; only sell orders and position closings will be allowed. - Onshore fund transfers: Fund deposits are suspended, while withdrawals remain fully operational to safeguard customer fund safety. Tiger noted these changes will not impact services for its existing overseas investors, nor compromise the security of any customer’s current assets. Clients are advised to proactively check their accounts, holdings, and sell existing positions as needed.