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Prezzi
cryptoJun 4, 2026, 1:28 PM

Crypto roundup: Bitmine files preferred stock, DOJ freezes $3.8M, Standard Chartered sees BTC bottom

Bitmine filed for 3M shares of 9.5% preferred stock, DOJ froze $3.8M in crypto, and Standard Chartered says bitcoin's bottom is near. Other news: Arthur Hayes exits HYPE/NEAR, Coinbase launches pre-IPO perps, DDC adds 90 BTC, and first BTC-backed mortgage completed.

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In a busy day for crypto news, several key developments emerged. Standard Chartered's Geoff Kendrick stated bitcoin's bottom is 'almost in,' citing resilient ETF holdings and expected Strategy purchases.

  • Bitmine filed to offer 3 million shares of 9.5% perpetual preferred stock.
  • Polymarket resolved a market on whether Strategy would sell bitcoin by May 31 with a 'No' outcome.
  • The DOJ, joined by Coinbase, SpaceX, and Meta, froze $3.8 million in cryptocurrency in an anti-scam operation.
  • Arthur Hayes sold his entire HYPE and NEAR holdings, citing AI IPOs and upcoming U.S. midterm elections.
  • Coinbase entered the pre-IPO perpetual futures market with a SpaceX contract offering up to 5x leverage.
  • Bernstein initiated coverage on TeraWulf and Cipher Digital with Outperform ratings, calling them 'power landlords of AI.'
  • DDC Enterprise purchased 90 BTC, increasing its holdings to 2,804 BTC.
  • Coinbase and Better completed the first Fannie Mae-backed mortgage using bitcoin as collateral.
  • Immunefi reported exploit losses down 74% from 2022 levels.
  • Cosmos Labs acquired Mintscan and launched a Korea-based subsidiary.

Source: The Block News Feed