BitMine has once again increased its holdings by 13,412 ETH, worth $40.61 million.

June 10 — According to The Wall Street Journal, U.S. prediction market platform Kalshi plans to implement new rules in the coming weeks that will mandate users in certain sensitive prediction markets to disclose their employer information, a move designed to enhance monitoring of insider trading and market manipulation. Under these upcoming rules, participants in markets focused on corporate performance, national security, and geopolitical events — such as markets related to the Iran conflict, where users could have access to material non-public information — will be required to submit their employer details before trading. Kalshi stated that it does not routinely verify the information users provide on its own. Instead, if suspicious trading behavior is detected, the platform will launch an investigation and request employment verification from the involved users. In its latest Audit Committee report, Kalshi disclosed that the platform submitted more than 20 reports of suspicious tr

June 10 – Per Decrypt, Geoffrey K. Auyeung, a Seattle-area resident in Washington state, has been sentenced to five years in federal prison for his role in a cryptocurrency money laundering scheme linked to an oil and natural gas investment fraud. Prosecutors state that between 2022 and 2024, Auyeung assisted a criminal group in defrauding victims, with total losses totaling approximately $97.1 million. Auyeung’s job involved receiving the proceeds from the fraud and transferring them to his accomplices by converting the funds into cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) to hide the money’s trail. Even after being arrested and charged, prosecutors add, he still communicated with his co-conspirators and received illegal payments through his wife’s bank account. Investigations revealed Auyeung earned at least around $4 million in commissions. Authorities have seized over $2.3 million in bank deposits, roughly $7.1 million worth of cryptoc

June 10 — On-chain analyst ai_9684xtpa reports a whale that previously shorted Ethereum (ETH) via borrowing is taking partial profits, according to monitoring. Between June 8 and 9, the wallet address in question amassed approximately $132 million in stablecoins on Aave, borrowed 35,000 ETH, and sold it at an average price of $1,672. Two hours ago, the whale withdrew 7,000 ETH from Binance to repay its Aave loan. Using the earlier average selling price, this partial position has locked in around $190,000 in profits. Currently, the address still holds roughly 28,000 ETH in outstanding borrowed funds left to repay, which forms its remaining short position. On-chain data shows the peak size of this borrowing-and-shorting cycle was about $58.5 million.

June 10 — According to Onchain Lens monitoring, one wallet address withdrew 100,000 HYPE from Coinbase, a transaction valued at roughly $5.9 million. On-chain data ties this address to Bizyugo (Garga), a co-founder of Yuga Labs — the team behind the popular Bored Ape Yacht Club (BAYC) NFT collection. Public records confirm the linked address has been steadily building up its HYPE holdings lately, and this large withdrawal could signal a long-term bullish outlook for the Hyperliquid ecosystem.

June 10 — The U.S. House Ways and Means Committee held a hearing Tuesday focused on digital asset taxation, during which seven cryptocurrency tax bills introduced by Republican lawmakers were reviewed. Committee Chair Jason Smith argued that cryptocurrency is no longer a fleeting trend, stressing the need for Congress to establish a clear tax framework for the sector. The bills up for discussion include implementing a tax exemption threshold for small crypto payments, deferring taxation on mining and staking rewards until the assets are sold, and applying the federal Wash Sale Rule to cryptocurrency transactions. Some Democratic lawmakers at the hearing, however, were reluctant to advance the legislation quickly. Ranking Committee Democrat Richard Neal noted that while the overall direction of the bills is reasonable, several provisions deviate significantly from standard tax principles, advising against rushing the process. Democratic Rep. John Larson also pointed out that even as t

June 10 — trade.xyz clarified the pricing mechanism for its SpaceX Pre-IPO contract (SPCX; listed under code IPOP), specifying the product is a price-based perpetual contract that tracks the market’s expectation of SpaceX’s Class A common stock per-share price, not the company’s overall enterprise valuation. The platform confirmed total share count and market capitalization are excluded from the contract’s rules, oracle methodology, and future conversion mechanics. Earlier, educational examples in trade.xyz’s documentation had demonstrated how to calculate theoretical stock prices using a user’s own estimates of the company’s market cap and total share count. However, the firm stressed these examples were for illustrative purposes only and never used in actual pricing. Due to some users misinterpreting the examples as real pricing inputs, the relevant content has been removed from the documentation. trade.xyz emphasized that SPCX, like all other XYZ-listed markets, will not use, publ