Morning Report | Robinhood completes acquisition of WonderFi for $180 million; Anthropic submits IPO draft application to SEC confidentially; Google plans to raise $80 billion in financing

Compiled by: ChainCatcher

Important News:

• Anthropic submits confidential IPO application draft to SEC
• Grayscale plans to launch Hyperliquid staking ETF with management fees lower than Bitwise and 21Shares
• Robinhood completes $180 million acquisition of WonderFi, entering the Canadian crypto market
• Google plans to raise $80 billion, with Berkshire investing $10 billion
• Galaxy Digital launches institutional OTC prediction market trading, completing a $10 million Kalshi order
• Kaiko acquires Amberdata, integrating digital asset data and analytics business
• CME Group launches 24/7 trading for crypto futures and options, with first weekend trading volume around $50 million

What important events occurred in the past 24 hours?

Kaiko acquires Amberdata, integrating digital asset data and analytics business
According to ChainCatcher, Kaiko announced the acquisition of digital asset data and analytics provider Amberdata. After the completion of this transaction, Kaiko stated that it will form a comprehensive service capability covering digital asset market data, analytics, pricing, indices, and data infrastructure, and will continue to expand into the tokenized asset space.

Google plans to raise $80 billion, with Berkshire investing $10 billion

According to ChainCatcher, Bloomberg reports that Google's parent company Alphabet will raise $80 billion through a package of equity financing to support its AI infrastructure and computing expenditure plans. This financing includes a $40 billion ATM stock issuance plan starting in the third quarter, a $30 billion common stock and mandatory convertible preferred stock underwriting issuance, and a $10 billion investment agreement with Berkshire Hathaway, which will become one of the largest equity transactions in history.

Alphabet stated that AI is driving the company into an expansion phase, and the company hopes to build infrastructure to support future growth opportunities through increased investment. Alphabet CFO Anat Ashkenazi previously stated that the company's capital expenditure in 2027 will significantly exceed the budget level of up to $190 billion in 2026. Bloomberg Intelligence analyst Mandeep Singh believes that with the support of new financing, Alphabet's capital expenditure could reach $300 billion next year. This move by Alphabet may also divert funds originally intended for companies like SpaceX, Anthropic, and OpenAI that are planning to go public this year.
Anthropic submits confidential IPO application draft to SEC
According to ChainCatcher, Anthropic has submitted a confidential Form S-1 registration statement draft to the U.S. Securities and Exchange Commission (SEC) to advance its initial public offering (IPO) of common stock. The company stated that this move means it can choose to go public after the SEC completes its review, but the specific issuance time still depends on market conditions and other factors. Currently, the number of shares to be issued and the issuance price have not been determined. Anthropic also emphasized that this announcement is made under Section 135 of the Securities Act of 1933 and does not constitute an offer to sell securities or an invitation to purchase securities.
Salesforce's investment in Anthropic valued at approximately $5 billion
According to ChainCatcher, after multiple investments in Anthropic, Salesforce holds shares in the company valued at approximately $5 billion. According to insiders, the software giant first participated in Anthropic's financing at the beginning of 2023, investing about $50 million, and continued to follow on in subsequent financing rounds. During this process, Anthropic has become one of the fastest-growing and most notable companies globally. Another software company that has benefited from early investment in Anthropic is Zoom Communications, which made over $1 billion in profit from its investment in Anthropic's Series C financing at the beginning of 2023.

Options trading platform SignalPlus completes $50 million B1 round financing, led by HashKey Capital

According to ChainCatcher, as reported by PRNewswire, institutional-grade digital asset options and derivatives trading infrastructure provider SignalPlus has completed a $50 million B1 round financing, with a post-financing valuation of $500 million. This round of financing was led by HashKey Capital, with BlockBooster and AppWorks participating, and Goldman Sachs serving as the exclusive financial advisor.

SignalPlus, headquartered in Hong Kong, is dedicated to building institutional-grade derivatives trading infrastructure for the converging capital markets. Its platform provides professional options analysis, real-time risk management, and trade execution tools for hedge funds, market makers, proprietary trading teams, and asset management institutions, covering both digital assets and traditional financial markets.
Grayscale plans to launch Hyperliquid staking ETF with management fees lower than Bitwise and 21Shares
According to ChainCatcher, Grayscale has submitted a revised S-1 filing for its Hyperliquid Staking ETF, proposing to set the fund's management fee at 0.29%, with the code HYPG. This fee rate is lower than those of similar products already launched by Bitwise and 21Shares. Specifically, Bitwise's BHYP has a first-month fee rate of 0%, followed by 0.34%; 21Shares' THYP has a fee rate of 0.3%. Bloomberg ETF analyst James Seyffart stated that Grayscale's fund is expected to launch as early as this week. If successfully launched, HYPG will become the third Hyperliquid-related ETF.
Jensen Huang: Marvell is expected to become the next trillion-dollar company
According to ChainCatcher, during a keynote speech by Marvell's CEO at the Computex conference in Taiwan, NVIDIA CEO Jensen Huang stated that Marvell is expected to become "the next trillion-dollar company."
Robinhood completes $180 million acquisition of WonderFi, entering the Canadian crypto market
According to ChainCatcher, The Block reports that Robinhood Markets has completed its $180 million acquisition of Canadian digital asset service company WonderFi. WonderFi operates two regulated Canadian crypto platforms, Bitbuy and Coinsquare, and its users will be invited to migrate to the Robinhood app. Robinhood stated that through this acquisition, its funding customers outside the U.S. have exceeded 1 million, with 300,000 coming from WonderFi.

This acquisition was first announced in May 2025, originally planned to be completed in the second half of 2025, but was delayed due to technology deployment and regulatory approval. Last year, Robinhood established its institutional business through the acquisition of Bitstamp. HOOD's stock price fell 3.8% to $90.73 on Monday, down 21.3% year-to-date.

CME Group launches 24/7 trading for crypto futures and options, with first weekend trading volume around $50 million

According to ChainCatcher, the Chicago Mercantile Exchange Group (CME Group) has officially launched 24/7 trading for cryptocurrency futures and options. The first weekend saw a total of over 7,200 contracts traded, with a nominal value of approximately $50 million.

Bitcoin volatility futures have also been launched simultaneously. Tim McCourt, Global Head of Equity, FX, and Alternative Products at CME Group, stated that this move meets customer demand for continuous liquidity over the weekend, bridging the gap between traditional regulated venues and the 24/7 nature of cryptocurrencies.

Zama founder: Court lifts temporary restraining order on cUSDC contract, agreement has resumed normal operation

According to ChainCatcher, Rand, the founder of the privacy protocol Zama, posted on the X platform stating that the freezing measures against Zama's cUSDC contract have been lifted, and all systems have resumed normal operation.

He explained that previously, a U.S. court had required Circle to temporarily freeze a contract worth $12.5 million that Zama held in USDC without prior notice. The court has now determined that the freezing measure was unreasonable and has lifted the temporary restraining order (TRO), with the relevant cUSDC contracts and assets fully restored. Rand stated that this incident did not affect the team's trust in USDC, and Zama still plans to launch the cUSDC product later this month.

1,000 mining machines seized in illegal mining operation in Ural region of Russia, with electricity losses nearing 1 billion rubles

According to ChainCatcher, Bits.media reports that a large illegal cryptocurrency mining operation was discovered in the Sverdlovsk region of Russia, specifically in the towns of Nizhny Tagil and nearby Kushva. The mining operation, hidden within an abandoned industrial enterprise park, deployed approximately 10,000 mining machines, and was shut down through a joint operation by the Federal Security Service of Russia, police, and the power company.

Local power companies estimate that the long-term illegal electricity usage by this mining operation has caused losses nearing 1 billion rubles (approximately $12.7 million). Investigators stated that its electricity consumption was sufficient to meet the lighting needs of a small city. Law enforcement has arrested three suspects, who are currently under house arrest and are being investigated for "causing property losses through deception or abuse of trust." Under Russian law, those involved could face up to 5 years in prison.

Investigations revealed that the operators of the mining site accessed the power grid through intermediaries and allegedly tampered with electricity meter data to cover up the actual electricity usage. Law enforcement agencies stated that the actual electricity consumption of the mining operation was about twice the approved quota. The local energy department initially launched an investigation due to frequent voltage fluctuations, power outages, and equipment failures in the abandoned factory area, ultimately pinpointing the location of the mining operation. A local television station even produced a documentary titled "Mining" to document this operation.

Citron Research founder Andrew Left convicted of securities fraud, facing over 20 years in prison

According to ChainCatcher, Bloomberg reports that Andrew Left, founder of the well-known short-selling firm Citron Research, has been convicted of manipulating stock prices using dishonest social media posts. After a three-week trial in Los Angeles, the jury found Left guilty on 13 out of 17 charges, including one count of securities fraud.

Prosecutors accused Left of illegally influencing stock prices and profiting quickly from explosive tweets about dozens of companies between 2018 and 2023, earning over $20 million in the process. Left stated in court that he would appeal, claiming the verdict was an attack on free speech and innocent trading behavior. He faces over 20 years in prison, with sentencing scheduled for August 31. This case has drawn close attention from the short-selling industry, with a Yale professor stating that this verdict will have a chilling effect on short-sellers.

Strategy proposes changing STRC dividend payment frequency from monthly to bi-monthly

According to ChainCatcher, the official announcement states that Strategy has proposed changing the dividend payment frequency for STRC from monthly to bi-monthly. The company stated that if this amendment is approved and implemented, it may reduce reinvestment delays and enhance liquidity, market efficiency, and price stability.

This amendment needs to be approved by both MSTR and STRC shareholders to pass. Strategy stated that shareholders can vote through their brokerage accounts or contact their proxy solicitation firm, Alliance Advisors, for related inquiries.

Polymarket completes first six-figure institutional-grade on-chain block trade, targeting NVIDIA H100 GPU pricing

According to ChainCatcher, the prediction market platform Polymarket has disclosed that it has completed its first institutional-grade on-chain block trade, a six-figure dollar transaction conducted by digital asset broker FalconX and AI risk clearing infrastructure startup Anera Labs on the Polygon blockchain, targeting contracts related to the Ornn Compute Price Index, which tracks the rental prices of NVIDIA H100 GPU chips.

Polymarket stated that this is the first institutional participation in an on-chain block trade in the prediction market space, and in the future, FalconX will serve as the exclusive market maker for block trades on the Polymarket platform to support institutional clients' liquidity needs and price discovery.

SOL Strategies announces completion of $18 million acquisition of Houdini Swap
According to ChainCatcher, Canadian-listed company SOL Strategies announced that it has completed the previously disclosed acquisition of Houdini Swap. The total value of this transaction is $18 million, to be paid through a combination of cash and SOL Strategies common stock. Houdini Swap is a non-custodial cross-chain trading aggregation platform focused on privacy protection.

To date, the platform has processed approximately $2.5 billion in cross-chain exchange transactions and has generated over $13 million in revenue in 2025 through partnerships with 32 trading platforms. SOL Strategies stated that this acquisition further enhances the company's business layout in the Solana ecosystem. In addition to validator infrastructure and liquid staking business, the company now adds a trading business that has been operational for nearly three years, with stable revenue growth and large trading volumes, further expanding its digital asset infrastructure footprint. This acquisition plan was initially announced on May 4, 2026, and has now officially completed the delivery.
Coinbase announces investment in ProShares money market ETF IQMM to advance stablecoin cash management
According to ChainCatcher, Coinbase announced an investment in ProShares' GENIUS Money Market ETF (code IQMM) to advance stablecoin cash management. This product is one of the first money market ETFs designed under the GENIUS Act that can be used for stablecoin reserves. IQMM primarily holds U.S. Treasury securities and cash equivalents with maturities of no more than 93 days, aiming to meet the reserve requirements of Section 4 of the GENIUS Act regarding "high-quality, highly liquid assets backed 1:1."

Galaxy Digital launches institutional OTC prediction market trading, completing a $10 million Kalshi order
According to ChainCatcher, The Block reports that Galaxy Digital has launched OTC prediction market trading for hedge funds and family offices, with the first transaction being a $10 million Clarity Act-related contract reached with crypto hedge fund Arca on Kalshi.

Galaxy serves as the primary market-making counterparty, providing Arca with bilateral positions and larger-scale liquidity. This service currently covers non-sports event contracts on Kalshi and Polymarket, encompassing markets such as economics, politics, and geopolitics, and plans to expand to more platforms. Galaxy can also combine prediction market positions with stock and commodity hedging portfolios to help institutions manage multi-asset risk exposure around a single event.

Meme Popularity Rankings

According to the meme token tracking and analysis platform GMGN, as of June 3, 09:00,

The top five popular tokens in ETH over the past 24 hours are: HEX, SHIB, LINK, PEPE, mUSD

The top five popular tokens in Solana over the past 24 hours are: TROLL, swarms, WORLDCUP, neet, Buttcoin

The top five popular tokens in Base over the past 24 hours are: PEPE, toby, ELSA, SKI, cbETH

What are some interesting articles worth reading in the past 24 hours?

IOSG: From Coinbase to Upbit: How a token completed a 28-day takeover journey

Every bear market quietly reshapes the listing logic of CEXs. When liquidity tightens and retail enthusiasm wanes, every listing decision by exchanges becomes more cautious and thus more signal-worthy. We systematically tracked new listing data from six major exchanges, including Coinbase, Binance Spot, ByBit, OKX, Bithumb, and Upbit, as well as Binance Perpetual, from 2026 to mid-May, totaling 207 listing records covering 92 independent tokens. The data clearly reveals a core fact: listing is a highly structured path of verification and liquidity transmission.

Strategy cashes out $2.5 million, Bitcoin market cap evaporates $80 billion

Rather than letting this issue linger over the market, it’s better to defuse the fuse early. In this view, Strategy is transitioning from a symbol of "never selling coins" to a more pragmatic capital operation entity. The market needs time to reprice this role.

Although 32 bitcoins cannot change Strategy's holding logic, they also cannot stir up a real market wave. However, this incident exposed something more noteworthy: the market's reliance on this hoarding narrative is more fragile than many people imagine.

Zhou Hang: How much is SpaceX really worth?

SpaceX's valuation before and after the IPO may have been overestimated by $1.25 trillion.

This is not to deny the greatness of SpaceX. On the contrary, anyone seriously discussing SpaceX must first acknowledge: it may be one of the greatest industrial companies of the past 50 years.

However, a company's greatness and whether a stock is worth buying at any price are two completely different matters.

SpaceX can simultaneously be "the greatest industrial entity of the 21st century" and "a severely overvalued investment target." These two things are not in conflict.

a16z Crypto's latest article: Why do we need prediction markets?

Prediction markets allow people to trade on the outcomes of events. Last year, they entered the U.S. on a large scale and are now used to track various events from geopolitics to entertainment award results. But what exactly are they?

As an economist who has long studied markets and incentive mechanisms, my answer is simple: prediction markets are essentially markets. Markets are the fundamental tools for allocating resources, ensuring that goods and services flow to those who value them the most.

In this process, markets also aggregate information: market clearing (i.e., achieving supply-demand equilibrium) is essentially a mechanism for summarizing the perceptions of all participants and refining them into price signals.

Are crypto exchanges collectively changing hands? The positioning competition among South Korean financial giants

Last week, South Korean cryptocurrency exchange Coinone officially announced the introduction of two heavyweight new shareholders. The venture capital arm of global exchange OKX, OKX Ventures, and South Korea's major brokerage Korea Investment & Securities (KIS) will each purchase approximately 19.6% to 20% of the equity for 80 billion won (approximately $53 million), collectively acquiring nearly 40%, with OKX Ventures and KIS becoming the third-largest shareholders.

On the surface, this transaction is a story of "foreign capital knocking on South Korea's door," with OKX becoming another international player holding significant equity in a licensed South Korean exchange after Binance's acquisition of Gopax. However, zooming out, the real protagonist of this transaction is actually the Korean brokerage that is同行 with OKX.