Singapore's largest money laundering case suspect Wang Shuiming may be extradited to China, with his accomplice being the mastermind behind the Hong Kong crypto platform scam AAX.

June 1 – Former President Donald Trump’s hold on the Republican Party has grown even firmer as the 2026 U.S. midterm elections approach, according to a report from *The New York Times*. Multiple media outlets confirm that candidates backed by Trump have posted a strong win rate in this year’s Republican primary contests, with Texas Attorney General Ken Paxton’s upset victory over longtime Senator John Cornyn serving as the latest example of the former president’s dominance within the GOP. But analysts caution that Trump’s primary successes do not guarantee wins in the general midterm elections. Lingering economic strains, persistent inflation, and unresolved foreign policy challenges leave the Republican Party struggling to appeal to a wider cross-section of voters. Some top Republican strategists express worry that Trump’s ongoing push for a “loyalty-first” approach to selecting nominees could weaken the GOP’s competitiveness in swing states and among moderate voters— a critical bloc

On June 1, cryptocurrency exchange Kraken announced it will launch a regulated Bitcoin perpetual contract product for U.S. institutional clients within 30 days, following the U.S. Commodity Futures Trading Commission (CFTC)’s approval of a Bitcoin spot price-pegged perpetual futures contract. Once cleared, the product will go live on Bitnomial Exchange—a CFTC-regulated trading platform recently acquired by Kraken’s parent company, Payward. Back in April, Payward revealed it would buy crypto derivatives platform Bitnomial for up to $550 million, a move to expand its presence in the crypto derivatives market. Coinbase also quickly followed suit after the CFTC’s green light: the firm will now offer U.S. institutional clients access to global crypto options and perpetual futures markets via its futures brokerage business. As the U.S. regulatory framework for crypto grows clearer, competition in the domestic crypto perpetual futures market is heating up fast. CFTC Chairman Michael Selig

According to community sources, on June 1st, the wallet of AdrianCronauer, a Polymarket whale, was reportedly compromised in a phishing attack, causing losses exceeding $2 million. Community member Frosen stated that Polymarket’s comment section has long been flooded with phishing links. He advised users to exercise caution when clicking on unfamiliar links and urged Polymarket to reinforce its platform governance and security measures.

On June 1, ChangXin Technology’s initial public offering (IPO) on the Shanghai Stock Exchange’s STAR Market recently received the green light from the exchange’s Listing Committee. The company’s prospectus reveals it has implemented two employee stock ownership plans (ESOPs), issuing a combined total of 6,760 awards to employees. The per-share cost for the second phase of the ESOP is just 0.108 yuan. With market projections valuing the firm at more than 2 trillion yuan, ChangXin Technology’s upcoming listing could create at least 13 billionaires and thousands of multi-millionaires. On the performance front, ChangXin Technology logged 50.8 billion yuan in revenue for the first quarter of 2026, a 719% year-over-year surge, alongside a net profit attributable to parent of 24.76 billion yuan—turning a year-ago loss into a profit. In 2024, it held the world’s fourth-largest DRAM market share and ranked first in China. Another leading domestic storage firm, ChangJiang Storage, has also la

June 1 — London-based Iran International TV, citing a source with knowledge of the matter, reports that Iranian President Hassan Rouhani has officially submitted his resignation request to the Office of the Supreme Leader. The source said in the Sunday letter, Rouhani stressed that the president and his administration have been effectively barred from the country’s major and critical decision-making processes. This power vacuum, he added, has allowed hardline factions within Iran’s Islamic Revolutionary Guard Corps to take charge of key situations. Rouhani further stated that under these circumstances, he is unable to manage the government or meet his legal obligations, so he has requested an immediate resignation. It is still unclear whether Supreme Leader Ayatollah Ali Khamenei will accept the resignation, but the letter’s contents signal a profound, unprecedented rift at the highest levels of Iran’s leadership.

Per Coinglass data, as of June 1, an analysis of Bitcoin’s June price movements across 13 occurrences since 2013 shows a near-even split: 7 months posted gains, while 6 ended in losses. The largest monthly surge in June happened in 2016, when Bitcoin’s price climbed 27.14%, while the steepest drop came in June 2022, with a 37.28% monthly decline. From 2013 to the present, Bitcoin has delivered an average June return of -0.14%, with a median return of 2.2%. Overall, June’s performance has underperformed most other months, marking it as one of Bitcoin’s worst-performing months in its history.