Odaily Odaily News: The US Department of Justice recently prosecuted Google software engineer Michele Spagnuolo, accusing him of using confidential internal Google information to trade on Polymarket's prediction market, illegally profiting approximately $1.2 million.

Polymarket posted on X platform, stating that Michele Spagnuolo's insider trading activities were flagged by its market integrity system early on, and that Polymarket proactively filed a criminal report with judicial authorities, ultimately leading to Michele Spagnuolo's successful arrest. Polymarket claims that the two insider trading arrests on prediction markets so far both originated from criminal reports filed by the platform itself.

The other insider trader arrested by the US Department of Justice for prediction market crimes is Gannon Ken Van Dyke. As a US military participant in the capture operation of Maduro, he used insider information to profit over $409,000 from the prediction market. He was arrested on April 23.

According to official sources, edgeX V2 has been officially launched. This V2 is a comprehensive reconstruction version based on the EDGE Chain, with systematic upgrades in security, performance, transparency, and scalability.

On the product level, edgeX V2 now supports 7x24 hour trading for multiple derivatives including US stocks, Korean stocks, and commodities. As of now, the platform has listed 40 trading pairs for stocks and commodities, and has added advanced trading features such as an independent margin model and TWAP.

At the same time, edgeX has launched the Trade to Own season. This mechanism aims to convert trading behavior into protocol ownership, allowing real traders to gradually become EDGE Token Holders through their trading activities. 100% of the platform's net profit will be used for EDGE buybacks, aligning the long-term interests of platform growth, trader benefits, and Token Holder rights.

Odaily reports that Deribit data shows options with a notional value of $7.5 billion for BTC and ETH will expire tomorrow. Among them, BTC options have a notional value of $6.21 billion, with a put/call ratio of 0.88 and a max pain point of $75,000; ETH options have a notional value of $1.29 billion, with a put/call ratio of 0.81 and a max pain point of $2,200.

Odaily Odaily reports that according to on-chain analyst Ai Yi's monitoring, Garret Jin has increased his BTC 5x long position to 1268.33 coins, valued at $92.38 million, with an opening price of $76,117. He currently has an unrealized loss of $4.098 million; his ZEC short position currently has an unrealized profit of $5.82 million, and his overall account remains profitable. Garret Jin had previously opened BTC and ETH short positions worth over $1.1 billion just before the 1011 flash crash, generating profits exceeding $160 million; in December last year, he opened long positions for BTC, ETH, and SOL worth up to $700 million, which were later liquidated in a single day, resulting in a loss of $230 million.

Odaily Seer 先知频道 monitoring shows that Polymarket has launched a new market "When will Vance leave the Vice President position", with the probability of departure this year currently reported at 10%. However, the trading volume for this option is only $20,000, making its validity relatively weak.

The settlement rules for this market state that if, during the period from the market's establishment to the specified date (Eastern Time), Vance no longer serves as Vice President of the United States, regardless of the duration, the result of this market will be judged as "Yes." Otherwise, it will be judged as "No."

Odaily Seer 先知频道 continues to monitor the prediction market, seeing changes before pricing takes place.

According to Gate data, the Nikkei 225 index closed down 0.47% at 64,693.12 points. The Korea Composite Stock Price Index (KOSPI) closed down 0.53% at 8,185.25 points.

According to SoSoValue data, US spot Bitcoin ETFs recorded a net outflow of $733.4 million on Wednesday, the largest single-day capital outflow since January 29.

Among them, BlackRock's IBIT posted a single-day net outflow of $527.8 million, the second-largest daily outflow since the ETF's launch.

According to Lookonchain monitoring, a whale associated with BIT created a new account and deposited 5 million USDC, then opened a 20x leveraged long position of 500 BTC, with a position value of approximately $36.5 million.

Odaily reports that Chainalysis has released a report indicating that overall compliance standards in the crypto industry are improving, but significant deficiencies remain in the monitoring of indirect fund flows.

The report shows that among new institutions entering the crypto industry in 2026, approximately 47% adopted alert standards that would have ranked among the strictest top 10% in the industry five years ago. Chainalysis states that while industry standards for "direct monitoring" (funds coming directly from known illicit sources) have become largely unified, gaps remain in "indirect monitoring" (funds flowing through intermediate addresses).

Data indicates that in 2020, only about 10% of institutions met top-tier industry compliance requirements. However, since 2023, this proportion has significantly increased, with newcomers generally adopting stricter monitoring standards. Nevertheless, for risk categories such as ransomware, scam shops, and darknet markets, industry thresholds for indirect monitoring are still commonly 10 to 20 times higher than those for direct monitoring. (Cointelegraph)

Odaily reported that according to community user @Caneleo55, the Polymarket deployer wallet has deployed multiple contracts, and may launch a streak prediction (where all matches must be predicted correctly) before the World Cup.

Odaily reports that Rumble CEO Chris Pavlovski stated Rumble is moving into the AI Computing-as-a-Service space, with the acquisition of Northern Data expected to be completed by mid-June. In December last year, a Tether-affiliated company sold Northern Data's mining business, after which Rumble announced the acquisition of Northern Data. (Cointelegraph)

Odaily news, Liquid Capital founder Yi Lihua posted on X platform stating that in the previous cycle, he "got it right eight times and wrong once," but the single mistake came at a significant cost. However, the related losses mainly came from previous profit pullbacks.

Yi Lihua stated that after the current rebound ends, he will fully prepare to bottom fish for the next market cycle. At the same time, he will invest more than half of his time and energy into AI stocks and AI investment research, adding that "optimists always choose to believe in trends. Only by believing can you avoid panicking at crypto lows and AI highs."

1. Iran's Revolutionary Guard claims to have struck a US airbase;

2. Machi Big Brother's ETH long position liquidated again, with cumulative losses exceeding $4 million in the past 30 days;

3. Kalshi's fee revenue over the past 24 hours surpassed Hyperliquid, reaching $5.69 million;

4. Spain temporarily blocks Polymarket and Kalshi, investigation may take months;

5. SpaceX's pre-market valuation on Hyperliquid falls below $2.4 trillion;

6. US real estate investment firm Cardone Capital adds 130 BTC;

7. Korea Investment & Securities and OKX plan to jointly acquire a 40% stake in Coinone, with the total amount potentially exceeding $300 million;

8. a16z-related entity buys another $15.03 million worth of HYPE, withdrawing over 250,000 tokens in the past 7 hours;

9. Futubull and Longbridge clean up accounts opened with falsified verification documents and dormant accounts;

10. SUPERFORTUNE: GUA security incident may involve tampering with a multi-signature address;

11. Crypto journalist: Revoking the Gemini consent order could become an 'extraordinary step.'

Odaily Odaily reports that VanEck CEO Jan Van Eck stated he remains bullish on Bitcoin in the long term, but noted that 2026 is historically a down year within the four-year halving cycle. He indicated that institutional adoption remains largely unchanged and that there is currently a lack of catalysts to drive a significant surge in Bitcoin's price.

According to DeFiLlama data, Kalshi's trading fees over the past 24 hours reached $5.69 million, ranking third on DeFiLlama. Fourth place went to Hyperliquid, with revenue of $2.09 million over the same period, less than half of Kalshi's total.

It is reported that DeFiLlama launched a dashboard for Kalshi's fees and revenue data on May 21, primarily calculating the trading fees the platform collects from users.