Dragonfly investor Omar posted on X platform, stating that Robinhood released data today showing May was the highest trading volume month in the history of its prediction market, with event contract trading volume reaching 3.9 billion contracts, up 22% month-over-month. Based on a fee of 1 cent per contract, the prediction market’s annualized revenue is approximately $470 million. Additionally, driven by the World Cup being held in the United States, the platform’s June trading volume is expected to hit a historic high.

Odaily reports, according to Onchain Lens monitoring, a whale has further increased its 50x short position on SP500, currently holding 20,000 SP500 tokens worth $147.16 million, with floating profits of $1.4 million.

Odaily reported that CNBC recently covered Kalshi Perpetual Contracts, noting that trading volume surpassed $1 billion within the first week of launch. Kalshi's crypto division head John Wang subsequently posted on X: "Kalshi Perps hit $1 billion in trading volume in the first week, and the product hasn't even been publicly released yet." He also pointed out that it took prediction markets 3.5 years to reach a similar volume scale. Polymarket team member Mustafa Aljadery appeared in the comments section to congratulate, while also inquiring about the Perpetual Contracts' OI (open interest) data, insinuating that Kalshi's trading volume might have been manipulated.

Additionally, many community members in the comments expressed doubts about this data, emphasizing that it could be volume generated from zero-fee or leveraged trading. Some even pointed out that Kalshi's OI data stood at only around $4.5 million.

According to publicly disclosed information from the State Taxation Administration, tax authorities have continuously strengthened publicity, guidance, and policy support for residents' overseas income. Taxpayers with foreign-source income have shown significantly improved compliance, with a total of approximately 13 billion yuan in back taxes paid from January to May. (Yicai)

Odaily reported that, according to on-chain analyst Ai Yi's monitoring, an address suspected to be Sun Yuchen withdrew 12,000 ETH from Poloniex 20 minutes ago, worth $19.5 million. This is the second time he has withdrawn ETH in the same way after a week. The last withdrawal was staked into Lido; this time, the funds have not been moved yet.

Odaily reports, according to onchain analyst Ai Yi's monitoring, the WLFI team (0xFef...b14B) has once again deposited 177 million tokens, worth $9.73 million, into Binance; Binance USD1 staking and wealth management activities will be renewed again.

Odaily reported that the subscription for SPCXx, the tokenized stock of SpaceX's IPO offered by Bitget Wallet, sold out within 30 minutes of going live yesterday, with a total subscription size reaching $13 million. Bitget Wallet plans to expand more tokenized IPO subscription projects for US stocks in the future, providing users with an on-chain entry point for global popular assets.

Bitget Wallet will complete the distribution of SPCXx tokens before 24:00 Beijing time on June 12. After completing the subscription, users should promptly return to the subscription page and pay attention to the final issuance price of the SpaceX IPO. The final issuance price will be determined by the issuer and underwriters through a comprehensive assessment of order book demand, market conditions, and valuation factors. If the final issuance price does not exceed the indicative price by more than 20%, the subscribed shares will be automatically confirmed at the final price.

Odaily Odaily News Recently, the Haidian District Court ruled on a fraud case. Retiree Meng, addicted to virtual currency trading and unwilling to use her own pension, pretended to be a young woman named Xiaohong, claiming to work for a central ministry in her 20s, on a short video platform. She established an online romantic relationship with a young man. Under the pretext of needing urgent surgery fees for a family member and preparing for overseas study exams, Meng defrauded the man of more than 200,000 yuan.

Meng invested all of the defrauded 200,000 yuan into virtual currency trading, opening a ten-times leverage position. Subsequently, due to a market downturn, her position was liquidated, resulting in a total loss of all funds. The Haidian District Procuratorate previously indicted Meng for fraud. Ultimately, the Haidian District Court sentenced Meng to four years in prison and imposed a fine, while also ordering her to compensate the victim for his economic losses. (Beijing Evening News)

Odaily Planet Daily News: Polymarket’s official developer account posted on platform X, stating that the combo (combos) feature is about to be launched, and the relevant documentation for the feature has been published.

Odaily reported that according to on-chain analyst Yujin's monitoring, STG surged over 40% after an address withdrew 8 million STG, worth $2.2 million, from Gate. Following STG's acquisition by ZRO, it can only be unidirectionally exchanged for ZRO at a fixed rate of 1 STG to 0.08634 ZRO. The price of ZRO is $0.84, which, according to the exchange rate, corresponds to a STG price of approximately $0.07. The current STG price is $0.36.

According to SoSoValue data, the cryptocurrency market sectors are generally in a downtrend. The DeFi sector fell 5.08% in 24 hours, with Hyperliquid (HYPE) dropping 8.86% and LAB (LAB) falling 25.19%. Meanwhile, Bitcoin (BTC) decreased by 1.50%, with its price dropping below $62,000; and Ethereum (ETH) fell 1.65%, with its price falling below $1,700.

In contrast, the NFT sector bucked the trend, rising 4.57%, with Audiera (BEAT) climbing 9.51%.

In other sectors, the CeFi sector fell 0.20% in 24 hours, within which Gate (GT) remained relatively strong, rising 1.10%. The Layer 2 sector dropped 0.36%, but zkSync (ZK) increased by 5.66%. The Layer 1 sector fell 1.45%, with NEAR Protocol (NEAR) surging 5.09% during the session. The Meme sector declined by 2.05%, while Cheems Token (CHEEMS) rose against the trend by 6.47%. The PayFi sector fell 2.10%, but Litecoin (LTC) increased by 1.27%.

Indices reflecting the historical performance of these sectors show that the ssiSocialFi, ssiDeFi, and ssiAI indices rose by 0.20%, fell by 5.23%, and fell by 3.76%, respectively.

Odaily Odaily reports that Shusuke Yamada, a foreign exchange and interest rate strategist at Bank of America Global Research, stated that if the Bank of Japan (BOJ) takes a hawkish stance with a rate hike at its meeting next week, it is expected to support the yen. He noted that the market has already priced in the rate hike expectations.

Current market pricing suggests that after this rate hike, the probability of another rate increase at the October meeting is around 50%. If the market-assigned probability for an October rate hike rises to above 60%, and the probability for a further rate hike at the subsequent March meeting exceeds 50%, the market is likely to interpret this as a "hawkish" stance. Therefore, the market's focus will be on the guidance the BOJ provides regarding its future policy rate path at next week's meeting. (Jinshi)

Odaily Odaily Planet Daily News Robinhood CEO Vlad Tenev announced that the company's brokerage and clearing business division, Robinhood Securities, has been approved to act as an IPO underwriter. It is currently unclear which specific regulatory agency completed this approval, but the relevant regulation of the IPO process typically involves the FINRA and the SEC.

This move represents a further upgrade based on Robinhood's existing IPO Access business. Through IPO Access, Robinhood users can participate in subscribing to shares of companies about to go public. The underwriter, however, assumes a more core role, not only assisting private companies in completing the listing process but also acting as an intermediary between the issuer and investors. (Barrons)

Odaily Planet Daily News: According to Iranian media reports in the early hours of today (June 10, local time), Iranian drones attacked a US military base in Kuwait. Previously, Iran had struck facilities of the US Fifth Fleet in Bahrain and a US Air Force base in Jordan. (CCTV International News)

Odaily reports: According to on-chain analyst Ember monitoring, a whale holding 50 million DAI spent 16.87 million DAI to purchase 10,376 ETH 12 hours ago, at an average price of $1,626.

Odaily reported that on June 9 local time, the Israel Defense Forces issued a statement saying that ground forces crossed the Litani River that day, continuing military operations in southern Lebanon. On the same day, Israeli Chief of Staff General Herzi Halevi stated that the military would escalate the scale of strikes against the Hezbollah armed group in Lebanon.

Lebanon's National News Agency reported the same day that Israeli airstrikes targeting towns in southern Lebanon resulted in dozens of casualties. Hezbollah, in turn, issued multiple statements claiming that its fighters had struck several Israeli military targets. (CCTV International News)