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6/11
17:24
Svmuureport: According to a report by consulting firm Crane Zeng, although some offshore prediction market platforms are theoretically supposed to block users from the United States, U.S. users may still be contributing a significant amount of trading activity.
The report estimates that the trading volume from U.S. users on offshore prediction markets ranges from approximately $11 billion to $34 billion, accounting for 12.5% to 31.5% of the total U.S. prediction market volume. Of this, the Polymarket platform alone may contribute between $11 billion and $27 billion in related trading volume, which the report describes as a "conservative" estimate.
The report also predicts that if the relative share between regulated and offshore markets remains unchanged, the annual trading volume from U.S. users on offshore prediction markets could reach $133 billion by 2030.
The prediction market has grown rapidly over the past two years, with Kalshi and Polymarket being the main representatives. Although the U.S. CFTC has recently taken a more lenient stance towards domestic prediction markets, unlicensed offshore platforms are still prohibited from offering services to U.S. users. Polymarket was banned from operating in the U.S. in 2022 for failing to register its services for American customers.
17:16
Svmuu reported that LG Electronics has selected the Ethereum Layer 2 network Arbitrum to develop a new blockchain to support advertising and media-related scenarios. Following the news, Arbitrum's native token ARB rose more than 5% in a single day.
The network will be used for the placement, purchase, sale, and management of digital advertisements, as well as recording user interactions with ad content. Developed by Offchain Labs, Arbitrum utilizes Optimistic Rollup technology, aiming to provide a faster and lower-cost transaction experience on Ethereum.
This is not LG's first foray into blockchain. Previously, LG launched the enterprise-grade blockchain Monachain through its IT service subsidiary LG CNS and developed the crypto wallet Wallypto. It also launched the Art Lab NFT marketplace, although the platform was shut down last year.
17:01
SvmuuJPMorgan: Bitcoin's "Currency Debasement Trade" Ebb Accelerates
16:57
Svmuureports that Coinbase has launched "Coinbase for Agents," creating dedicated accounts and sub-accounts for AI Agents, enabling them to conduct transactions, manage funds, and make payments on behalf of users.
Users can control AI Agents through natural language commands, such as periodically rebalancing investment portfolios, executing trading strategies, researching market information, or automatically purchasing assets within a set budget, eliminating the need to manually transfer funds between different wallets.
Coinbase stated that this product builds on its AI-related developments over the past year, including the previously launched x402 AI payment open standard and AgentKit. Currently, platforms such as Gemini, OKX, and MetaMask are also exploring financial account and wallet infrastructure for AI Agents, indicating that the crypto industry is accelerating its布局 for "non-human user" scenarios.
16:39
Svmuu News, Jack Mallers, founder of Strike and CEO of Twenty One Capital, stated that Bitcoin’s drop below $63,000 is not merely a sentiment issue but a reflection of the reality of insufficient liquidity in the global financial system.
Mallers believes that while U.S. consumer confidence is at historic lows, the S&P 500 remains at all-time highs, indicating that traditional stock market signals have been distorted by policy intervention. In contrast, Bitcoin, as a 24/7 trading asset, more closely mirrors the true conditions of global liquidity and market stress.
He emphasized that during periods of liquidity tightening, investors often "sell what they can, not what they want." Therefore, Bitcoin's decline may not signify a collapse of long-term conviction but rather forced selling under capital pressure.
Additionally, Mallers questioned Strategy's perpetual preferred stock financing structure, suggesting it could place the company in a capital structure dilemma when liquidity is needed in the future, forcing trade-offs among different stakeholders.
15:43
According to data from MSX.COM, U.S. stocks continue to climb, with the Nasdaq 100 index expanding its gains to 3.7%, while the Dow and S&P 500 indices both rose by 2%.
Previously, U.S. President Trump stated: "We have just reached a great war settlement with Iran, and a final agreement may be reached in the coming days."
15:33
Svmuu News: U.S. President Trump stated that we have just reached a great war settlement with Iran, and a final agreement could be reached within the next few days. (Jin Shi)
15:32
Svmuu reported that according to official sources, the SpaceX IPO is priced at $135 per share.
15:19
Svmuu: According to Iran’s Fars News Agency, given that the United States has accepted the text proposed by Iran, there is a high likelihood that the text will be approved by the Iranian side. (Jin Shi)
14:34
Svmuu reported on the 11th local time that a senior Israeli official stated that Israel has not received any notification that the US-Iran agreement has been finalized. This statement is in stark contrast to an earlier announcement by US President Trump. Earlier that day, Trump posted on his social media platform "Truth Social" that discussions with Iran and the final terms have been approved by all relevant parties, including Israel. (CCTV News)
14:34
Svmuu: According to sources cited by Iran's Fars News Agency, Iran has not reached an agreement on any documents regarding the signing of a Memorandum of Understanding with the United States. The source stated that the Iranian side has not yet approved any agreement text. (Jin10)
14:08
Iran responded to Trump's statement, saying, "He has claimed 38 times that a deal has been reached. His words should be treated the same as his past lies."
14:05
Svmuu News: According to an Israel's Channel 12 reporter, Iran has denied the existence of any agreement. Israeli officials stated that no such agreement exists. Separately, i24News reports that two Israeli officials expressed surprise at Trump's statement, saying they need to wait for the relevant content to be released by Iran before they can assess the accuracy of the claim. (Jin10)
14:02
Svmuu reported that according to Axios, Trump has previously claimed multiple times that an agreement is close at hand, while Tehran has yet to confirm his latest statement. However, three sources briefed on the negotiations said key differences were resolved during talks between Iranian officials and Qatari mediators on Wednesday. The negotiations in Tehran continued until late Wednesday night, with Qatari Envoy Ali Al-Sawadi and Iranian Foreign Minister Abbas Araghchi working to bridge the remaining gaps between the United States and Iran.
Sources said that both the Qatari and Iranian sides believed on Wednesday that they had reached a draft agreement text that would also be acceptable to the United States. Differences on three key issues have narrowed: the mechanism for releasing Iran's frozen assets — which is the most important issue for Iran; arrangements for reopening the Strait of Hormuz during a 60-day ceasefire; and how to negotiate Iran's nuclear program during the 60-day ceasefire period.
Iranian officials informed several countries on Thursday that the Tehran talks have resulted in an agreement in principle, but Supreme Leader Khamenei still needs to give final approval. (Jin Shi)
13:46
According to Svmuu, the market is no longer fully pricing in expectations of a Fed rate hike this year. (Jin10)
13:44
According to Gate data, international spot gold and silver continued to rally. Spot gold touched $4,160 per ounce, up 2.20% on the day. Spot silver surged 5.00% intraday, now at $66.55 per ounce. New York silver futures rose over 3.00% intraday, now at $66.69 per ounce.
13:40
Svmuu reported that according to official sources, prediction market platform ForeGate has announced it will launch an exclusive official live broadcast on eight platforms, including Twitter (X) and YouTube, at 02:00 Beijing time on June 12 (X: @fore_gate). ForeGate's global brand ambassador and Ballon d'Or winner Michael Owen will make his first appearance in the livestream, providing a pre-match preview of the USA-Mexico-Canada World Cup. The broadcast will also feature heavyweight guests from leading wallets, exchanges, and media outlets, including OKX Wallet, WEEX, and BloFin. Currently, the campaign for live-stream autographed merchandise and the platform's million-dollar World Cup prediction rewards is ongoing.
13:34
According to Svmuu, Gate data shows that spot gold surged $30 in the short term, breaking through $4,130 per ounce, with a daily increase of 1.4%. WTI crude oil fell $1 in the short term, while Brent crude oil's intraday decline widened to $4, now reported at $89.74 per barrel, a drop of 4.27%.
Earlier news indicated that Trump stated he had canceled the planned strikes and bombings targeting Iran tonight.
13:32
Svmuu: President Trump said the naval blockade will remain fully in effect until an agreement is reached, with the time and location for the signing to be announced soon. (Jin10)
13:31
Svmuu: U.S. President Trump stated, "I have canceled the planned strikes and bombings on Iran for tonight." (Jin10)

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