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According to Abcnews, several prediction market platforms including Kalshi, Crypto.com, and Polymarket have formed an alliance and filed a lawsuit in state court this Friday, attempting to block Kentucky's newly implemented 14.25% prediction market transaction tax.This tax was passed by the Kentucky legislature in April of this year, targeting transaction fees on prediction market platforms, with a rate of 14.25%, which is higher than the local horse racing industry's tax burden of about 9.75%. The plaintiffs in the lawsuit claim that the tax is discriminatory, unconstitutional, and may conflict with federal law.Prediction market platforms allow users to trade contracts on real-world events (such as economic data, election results, etc.), essentially belonging to the event derivatives market. The plaintiffs argue that this tax will significantly raise compliance costs and may force trading activities to shift to offshore platforms with weaker regulations.Kentucky Attorney General Russell Coleman stated that he will vigorously defend the law in court and asserted that the state government is capable of handling the related challenges.Meanwhile, Kalshi stated that excessive state-level tax burdens will weaken the competitiveness of the legal market and may drive users to illegal trading platforms that lack regulation and protection.This case is seen as the latest development in the ongoing conflict between the U.S. prediction market industry and state regulatory and tax systems.

According to Xinhua Daily, the police in Ya'an, Sichuan have cracked a cross-border online pornography crime case. The involved pornographic comic website "Shameful Color Comics" profited by inducing teenagers to frequently make small payments, with the website receiving over 100 million visits and a financial flow exceeding 12 million yuan (approximately 1.66 million USD). The police found that individuals within the country received the illicit funds through multiple companies and personal accounts, and that Li Mouwu and others transferred the money abroad using virtual currency.Recently, the People's Court of Ming Mountain District in Ya'an City sentenced five defendants for the crimes of profiting from the distribution of obscene materials and assisting in information network crime activities. Judicial authorities are still investigating the foreign financial backers behind the website.

Polymarket's latest data shows that the market bets on the probability of SpaceX's closing market value exceeding $2 trillion on its first day of trading is 78%, the probability of exceeding $2.2 trillion is 64%, and the probability of reaching a market value of $2.4-$2.6 trillion is 19%-39%.SpaceX will go public tonight, offering 555.6 million shares in its initial public offering (IPO) at a price of $135 per share, raising funds of $75 billion, setting a record for the largest IPO fundraising in history. Based on the offering price of $135 per share, SpaceX's market value has reached $1.77 trillion, surpassing Tesla.

According to Reuters, Polish President Karol Nawrocki vetoed a cryptocurrency regulation bill for the third time, which aims to implement the EU's Markets in Crypto-Assets Regulation (MiCA). Poland needs to complete the approval by July.Previously, the Polish parliament passed the bill in May, against the backdrop of a scandal involving the collapse of the country's largest cryptocurrency exchange and a dispute over regulatory responsibilities. Nawrocki expressed support for regulation and consumer protection but stated that the government did not adopt most of the presidential office's previous amendment suggestions in the latest version, emphasizing that he would only sign it into effect if the parliament revised it according to his opinions.

The South Korean police have listed Bithumb CEO Lee Jae-won as a suspect in a bribery case related to the employment of Kim Byung-kee's son, a member of the National Assembly of South Korea, at Bithumb. The Seoul Metropolitan Police Agency's Public Crime Investigation Unit is investigating Lee Jae-won and Bithumb, with the allegations involving Bithumb hiring Kim Byung-kee's son.The police reportedly obtained a statement from Kim's former assistant, stating that Kim requested Lee Jae-won to hire his second son in November 2024. Kim's son subsequently joined Bithumb two months later and worked at the trading platform for six months. Kim also requested Bithumb to hire one of his assistants, who then joined Bithumb in September last year and has been working there since.The South Korean police believe that Kim, as a member of the National Assembly's Financial Affairs Committee, engaged in legislative activities against Bithumb's competitor Upbit and raised concerns about Upbit's market monopoly. This development comes after months of investigation into the relationship between Kim and Bithumb, which included two searches and seizures.

According to The Block, the Public Crime Investigation Division of the Seoul Metropolitan Police Agency in South Korea has identified Bithumb CEO Lee Jae-won as a suspect in a bribery case, which is related to independent lawmaker Kim Byung-kee.Police received testimony from a former assistant stating that Kim requested Lee to arrange for his second son to work at Bithumb in November 2024, and his son started working there two months later, remaining for about six months; Kim had also previously asked Bithumb to hire one of his assistants, who has been employed by the company since September 2025. The police are investigating whether the aforementioned employment is linked to Kim's legislative actions against Upbit's operator Dunamu during his time on the National Assembly's Financial Committee, including allegations of Upbit monopolizing the market.

According to Fortune, Mastercard has announced a new protocol called Agent Pay for AI, allowing AI agents to make payments and conduct small transfers among themselves— for example, automatically paying when an AI agent retrieves data from a website in segments. The protocol stores the permissions granted to AI agents by humans on the blockchain, initially using the Polygon network to ensure transparency and verifiability, allowing multiple parties to verify whether the agents are acting as instructed.Companies like Adyen, Coinbase, and Cloudflare are collaborating with Mastercard to develop this protocol. Mastercard's Chief Product Officer Jorn Lambert stated that this protocol will not become a major source of revenue in the short term, but it is expected to develop into a significant new market over the next five years.Giants like Visa, Stripe, Coinbase, and Google are actively laying out AI payment protocols, jointly promoting the future of "machine-to-machine payments" and AI chatbots dominating e-commerce transactions; however, the current volume of agent-based payments remains relatively small.

According to Thaiger, Thai police arrested 8 suspects in Bangkok. The gang is suspected of robbing a 35-year-old Chinese man of 196,000 Thai Baht during an offline cryptocurrency exchange.It is reported that the victim went to a gas station café in the Bang Khen district of Bangkok to complete the exchange of Thai Baht for cryptocurrency as agreed online. After receiving the cash, the suspects fled on motorcycles. A total of 9 people were involved in the case, using 6 motorcycles to escape, and 1 suspect is still at large. Police seized vehicles, clothing items related to the case, and 81,000 Thai Baht in cash. The 8 arrested individuals have been charged with robbery, aiding in escape, and conspiracy to commit a crime, and the case has been transferred to the local police station for further investigation.

According to the Bangkok Post, Thai police raided a scam base in the Saraphi district of Chiang Mai province, arresting 10 Chinese citizens and seizing 67 mobile phones, 7 iPads, and 13 laptops.

According to monitoring by @ai_9684xtpa, Sun Yuchen withdrew 12,000 ETH from Poloniex 20 minutes ago, worth approximately 19.5 million USD. This is the first time in a while that Sun Yuchen has withdrawn ETH in the same manner; after the last withdrawal, he staked it into Lido, and has not transferred it after this withdrawal.

Polymarket's official developer account posted on platform X, stating that the combos feature will be launched soon, and the related documentation has been published.

As the group stage of the 2026 FIFA World Cup kicks off, the Polymarket World Cup champion prediction market has accumulated a trading volume of over $1.8 billion, with a trading volume exceeding $66 million in the past 24 hours and liquidity in the pool reaching $352.7 million. France slightly leads Spain with an implied championship probability of 16.2% compared to Spain's 16.0%, with the two teams accounting for about 32% combined, and they will directly face each other in the group stage, making this match a key pricing moment for the entire tournament market.The trading volume for the France champion market reached $40.9 million, while Spain's was $33.6 million, both being the highest for a single country market. The host country, the United States, had a trading volume of $50.9 million, but the implied championship probability is only about 3%, reflecting a high level of retail participation.In addition, the total trading volume for the 12 group champion markets is approximately $3.4 million. The trading volume over the past week reached $342 million, and $881 million over the past month, showing a significant acceleration in trading volume as the event approaches.

According to The Block, the Hyperliquid Policy Center (HPC) and venture capital firm Paradigm jointly wrote to the U.S. Department of the Treasury, requesting modifications to a proposed anti-money laundering rule. This rule was jointly proposed in April by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC), aiming to treat stablecoin issuers as financial institutions and requiring them to bear strict liability for transactions that cannot be effectively monitored.HPC and Paradigm stated in the letter that they support FinCEN's focus on compliance obligations in the primary market, where issuers know their customers; however, in the secondary market, where issuers only see wallet addresses and transaction amounts, a more lenient approach should be taken. They believe that extending issuer liability to secondary market activities conducted through smart contracts will lead issuers to only deploy stablecoins in licensed environments, causing regulated stablecoins to exit DeFi and be replaced by unregulated offshore non-U.S. alternatives.HPC and Paradigm suggested narrowing the definition of "activities related to payment stablecoins" and reconsidering OFAC's handling of interactions involving smart contracts.

Humility Protocol released a security incident update on the X platform, indicating that yesterday the H token suffered a coordinated attack on the Ethereum and BSC chains, with over $36 million in assets confirmed to have been stolen and sold off.Preliminary investigations show that the incident originated from an employee's computer being compromised, leading to the leakage of the multi-signature wallet keys controlling the Hyperlane Bridge ProxyAdmin. Among them, the attacker obtained 3 out of 6 private keys from Gnosis Safe holders on the Ethereum chain, transferred ownership of ProxyAdmin to their controlled wallet, and upgraded the bridging contract to a malicious implementation, subsequently transferring approximately 141.2 million H tokens in a single transaction.Meanwhile, the attacker also controlled 3 out of 5 private keys from Safe wallet holders on the BSC chain, taking over ProxyAdmin in the same manner and deploying a malicious contract with unlimited minting capabilities, minting 200 million H tokens to their wallet in two transactions.Humility stated that it has suspended all deposit and withdrawal operations for the affected bridging services and is collaborating with exchanges and other relevant partners to mitigate losses, while also cooperating with law enforcement to investigate and attempt to recover some of the stolen funds.

According to the Financial Times, AI giant Anthropic has finalized a $35 billion private credit financing deal, led by private equity giants Apollo and Blackstone. The funds from this financing will be used to purchase AI chips and expand its AI infrastructure.

According to Cointelegraph, South Korean police recently raided the cryptocurrency exchange Bithumb to investigate independent lawmaker Kim Byung-gi for allegedly using his influence to secure a job for his son. It is reported that Kim's son joined Bithumb in January 2025 and worked for about six months. The police are investigating whether there was any external pressure or special treatment during his hiring process.Additionally, the case also involves Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, with the investigation scope expanding from simple recruitment issues to potential power rent-seeking and interest transfer. Investigators pointed out that while serving as a member of the South Korean National Assembly's Administrative Committee, Kim Byung-gi had repeatedly questioned Dunamu during meetings, raising suspicions about whether he was trying to benefit the company where his son worked.It is understood that the police had previously questioned executives from multiple cryptocurrency companies and had conducted searches at Bithumb's headquarters and Bithumb Financial Tower to gather evidence. Kim Byung-gi himself is under investigation for 13 charges, including employment arrangements, bribery for nominations, and requests related to university transfers, and he stated that he believes he will ultimately be able to prove his innocence.It is worth noting that Bithumb has recently faced ongoing regulatory pressure. In March of this year, South Korea's financial regulatory agency imposed a fine of approximately $24.5 million on Bithumb for KYC and anti-money laundering (AML) violations and issued a six-month partial business suspension order. However, a South Korean court temporarily suspended the enforcement of the penalty at the end of April, and the relevant legal procedures are still ongoing.

The World Cup will kick off on June 11, and the Hong Kong police have launched operations "Gobi" and "Wind Shield" to combat illegal betting on sports through publicity, education, intelligence, and law enforcement. The police pointed out that in recent years, illegal gambling has shown a trend of digitalization, including online betting, social media attracting gamblers, and using virtual currency for bets. The police stated that they still have the capability to trace participants.According to the law, betting with illegal bookmakers can result in a maximum sentence of 9 months and a fine of 50,000 HKD, accepting bets can lead to a maximum sentence of 7 years and a fine of 5 million HKD, and money laundering can result in a maximum sentence of 14 years and a fine of 5 million HKD. The police also shared a case of a young person who was once addicted to illegal gambling, who owed a maximum of 160,000 HKD at his peak. A police clinical psychologist warned that those who start gambling before the age of 18 have a risk of developing gambling disorders of over 80%.

According to the Times of India, the Gujarat police have arrested two suspects involved in cryptocurrency-related cybercrime, with the network allegedly trading over 226 million rupees. Investigators claim that the network is linked to terrorist financing, global drug trafficking, and dark web financial activities.Officials stated that this arrest is part of an ongoing investigation into the use of cryptocurrency channels for terrorist financing. Previously, 10 suspects had already been arrested during the investigation. The two latest suspects are accused of using the KYC information of a man named Sabbir Ali Sarani to create a Binance wallet and receiving 5,000 USDT through layered transactions.

According to CriptoNoticias, the Southern Metropolitan Prosecutor's Office in Chile, along with the police, dismantled a money laundering network involving approximately 90 million USD, with about 20 people arrested.The network is suspected of converting illegal funds into cryptocurrency through exchanges and transferring them abroad, with one Banco Santander account manager arrested. Prosecutor Héctor Barros stated that this is one of the largest money laundering cases in Chile in recent years, and the related illegal activities were not conducted through the bank's corporate infrastructure, with the bank cooperating in the investigation.

According to an official statement from the U.S. SEC, Jamie Selway, the Director of the Division of Trading and Markets at the Securities and Exchange Commission (SEC), stated at the Piper Sandler Global Exchanges and Fintech Conference that Chairman Paul Atkins has instructed the division to advance the framework for the listing and trading of security tokens, with the guiding principle of "promoting innovation without creating regulatory arbitrage."