News linked to this event type.
Humanity released an incident update stating that its H token was subject to a coordinated attack on Ethereum and BSC on the evening of June 8, resulting in approximately $36 million worth of tokens stolen and dumped across both chains. The project disclosed that the attack originated from a compromised employee laptop, which led to the leakage of multiple owner keys for the Gnosis Safe controlling the Hyperlane bridge ProxyAdmin. On Ethereum, the attacker seized ownership of the ProxyAdmin and upgraded the contract to a malicious implementation, transferring approximately 141.2 million H tokens in a single transaction. On BSC, after similarly gaining control of the ProxyAdmin, the attacker deployed a malicious implementation with infinite minting capabilities, minting 200 million H tokens in two transactions and continuously dumping them. Humanity has suspended deposits and withdrawals on the affected cross-chain bridge and is cooperating with exchanges and law enforcement to investigate the incident and seek partial recovery of the stolen funds.
Humility Protocol released a security incident update on the X platform, stating that its H token suffered a coordinated attack on the Ethereum and BSC chains yesterday, with confirmed losses exceeding $36 million in stolen and dumped assets.Preliminary investigations indicate the incident originated from a compromised employee computer, which led to the leakage of private keys for the multi-signature wallet controlling the Hyperlane Bridge ProxyAdmin. Specifically, the attacker obtained 3 out of 6 private keys of the Gnosis Safe wallet on the Ethereum chain, transferred ownership of the ProxyAdmin to a wallet under their control, upgraded the bridge contract to a malicious implementation, and subsequently transferred approximately 141.2 million H tokens in a single transaction.Simultaneously, the attacker also gained control of 3 out of 5 private keys of the Safe wallet on the BSC chain, took over the ProxyAdmin using the same method, deployed a malicious contract with unlimited minting functionality, and minted 200 million H tokens in two separate transactions to their own wallet.Humility stated that it has suspended all deposit and withdrawal operations on the affected bridge services and is collaborating with partners such as exchanges to mitigate losses. Meanwhile, it is cooperating with the police investigation and attempting to recover part of the stolen funds.
Japan's SBI Shinsei Bank will launch a pilot program on June 10, allowing customers to convert a portion of their deposit interest into BTC, ETH, or XRP. The initiative uses "interest exchange" as an entry point to introduce crypto assets into traditional deposit products, enabling users to gain cryptocurrency exposure without direct purchase. Future expansion will depend on customer participation and the regulatory environment. (The Block)
Backpack has officially launched its securities business, allowing users to trade real U.S. stocks and ETFs, as well as cryptocurrency, perpetual contracts, and yield-generating products, all within a single account. According to the company, the service operates under the legal framework of New York State, granting users true ownership of securities and supporting features such as cash dividends and inter-transfer between brokerage accounts.In terms of trading, the platform supports 24/5 trading hours with instant order execution and direct access to public market liquidity. Additionally, Backpack announced that it will implement a zero-fee policy in June to enhance trading efficiency and user experience.
According to CoinDesk, White House officials met with law enforcement agencies on June 9 regarding the CLARITY Act, focusing discussions on two key issues: mitigating risks associated with illicit financial activities and safeguarding developers’ rights. These negotiations took place just before the Senate’s formal vote.
The proposal explicitly states that stablecoin holders are not entitled to deposit insurance, and regulators are clearly distinguishing stablecoins from insured deposits.
: SaharaAI has responded to the abnormal market volatility of the SAHARA token, stating that the team has noted the situation and is conducting real-time monitoring. Currently, no security issues have been found with the token contract or product, and an internal investigation has been initiated to further confirm the specific reasons for this price fluctuation.SaharaAI emphasized that the token allocations in the wallets of the team and investors have not changed on-chain, and no team or investor tokens have been sold or transferred.In response to the large on-chain transfers that attracted market attention, the project stated that the transactions believed to be related to this price fluctuation were actually pre-planned operations. These were used to replenish liquidity for the cross-chain bridge contract based on Chainlink CCIP, in order to support the recently launched cross-chain bridge functionality. This transfer of 600 million SAHARA tokens was part of a predetermined plan. The cross-chain bridge is operating normally, and an additional 150 million SAHARA tokens will be added subsequently as a liquidity supplement.SaharaAI stated that it is still investigating the cause of the abnormal market movement and will disclose further progress once confirmable information is obtained.
According to Bloomberg, BlackRock has launched a space-themed ETF for European investors—the iShares Space Technologies UCITS ETF, ticker: STAR. The index tracked by this ETF features an IPO fast-track inclusion mechanism, allowing newly listed companies to be added to the index’s constituent stocks within 10 to 30 days after their IPO through an ad-hoc rebalancing review—without waiting for the next scheduled rebalancing.
U.S. President Donald Trump is pushing for a new policy direction: allowing the federal government to hold shares in artificial intelligence companies, thereby directly participating in the revenue growth brought by this industry. Trump stated that he will hold meetings with tech companies "very soon," possibly as early as this week, to explore cooperation methods between the government and AI enterprises.This approach aligns with his "deal-oriented" style and is not driven by traditional populist motives. On June 6, 2026, Trump said he "should be a stockbroker" and referenced the government's recent equity investment in Intel.Currently, the U.S. government already holds stakes in some companies in areas such as chip manufacturing, mining, and quantum computing. Such equity holdings are typically granted as a condition for providing federal funding, which originally did not require equity stakes.As the AI industry rapidly develops, some companies are estimated to reach valuations potentially in the trillions of dollars. Axios noted that enterprises such as OpenAI and Anthropic may reach this scale in the future.
Anna Gu, General Manager of Global Custody Products at HSBC, stated that the bank is considering offering stablecoins denominated in non-HKD currencies. The launch of such products is expected to optimize cross-border remittance services for Hong Kong and other regions. Additionally, HSBC is also exploring the integration of other stablecoins regulated in Hong Kong. Gu further added that HSBC plans to launch an HKD stablecoin as early as the second half of this year. The issued stablecoin will be integrated into the investment and payment processes within the bank's own app, supporting investment in tokenized assets. (Mobile Payment Network)
Odaily Odaily News According to the official announcement, Bitget has listed a total of 30 individual stock spot products, including rDIS (Disney), rSONY (Sony Group), rMCD (McDonald's), rKO (Coca-Cola), and rPYPL (PayPal).Reportedly, the rToken, identified by the letter r + stock ticker (e.g., rNVDA for Nvidia), is issued by Reality, a licensed RWA protocol under Bitget. By partnering with the compliant brokerage firm Alpaca, it directly connects to global liquidity pools such as Nasdaq and the New York Stock Exchange. Its features include: a 1:1 reserve of underlying assets held by a licensed custodian, stock dividends distributed 1:1 in token form, synchronized mapping of corporate actions (such as stock splits/reverse splits), and holdings can be used as joint margin for unified accounts and USDⓈ-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
The Financial Conduct Authority (FCA) has proposed in its quarterly consultation paper allowing certain approved investment funds (including UCITS funds and some non-UCITS funds) to hold up to a 10% share of cryptocurrency exchange-traded notes. The proposal aims to align approved funds with investor demand while ensuring adequate consumer protection.The FCA stated that given the speculative nature of the underlying crypto assets, it would be inappropriate for retail-focused funds to have significant risk exposure to crypto products, and the 10% cap sets a conservative limit. Additionally, the FCA is seeking public opinion on whether non-regulated and qualified investor schemes should be allowed to invest in more speculative assets without a holding limit. This public consultation will last for five weeks until July 13. (cointelegraph)
according to official sources, the SAHARA token has experienced abnormal market fluctuations, and the team is monitoring developments in real-time. The team stated that its token contract and products have no security issues and has launched an internal investigation to determine the cause of the volatility. Further updates will be released subsequently.According to OKX market data, the SAHARA token has dropped 60% over the past 24 hours, currently trading at $0.01549.
the Commodity Futures Trading Commission has canceled its planned relocation to a new headquarters, opting instead to extend its existing lease for five years. This decision ensures sufficient office space to accommodate 100 new employees. The CFTC recently offered a deferred resignation plan to approximately 50 staff members, as the agency's total workforce has decreased by nearly 25% compared to 2024 levels.According to a recent White House executive order, the CFTC has reclassified 25 positions that previously enjoyed civil service protections, including policy advisors and senior advisors. Additionally, the agency anticipates a significant increase in workload due to the boom in prediction markets and the potential passage of digital asset market structure legislation by Congress, which would establish the CFTC as the primary regulator for the crypto industry. (Bloomberg)
Odaily News, June 9th — BitMEX co-founder Arthur Hayes stated in his latest article "Reality Test" that if oil prices continue to rise due to the US-Iran conflict, it could trigger a collapse of the AI stock bubble and drag the entire crypto market down.Hayes said that if traffic restrictions in the Strait of Hormuz persist deep into the second quarter, spot prices for hydrocarbons and other key commodities could rise in the third quarter. If oil prices continue to climb and inflationary pressures impact the US midterm elections, Trump might pivot to a tough stance targeting data center construction, AI regulation, and taxation. Hayes believes the market could anticipate Trump limiting AI capital expenditure and taxing AI companies, thereby triggering the burst of the AI stock bubble.Hayes also noted that since November 2022, the scale of AI-related debt issuance has been approximately $1.5 trillion, and US M2 has increased by roughly the same amount during the same period. He believes the three factors that could pop the AI bubble include rising energy costs, the market's inability to absorb three major AI-related IPOs — namely SpaceX, Anthropic, and OpenAI — and Trump's shift to opposing AI. In terms of portfolio, Hayes stated that Maelstrom's stock portfolio holds significant positions in US-listed energy producers; he has sold AI-related stocks and offloaded non-core crypto assets, having dumped HYPE, NEAR, and WLD last week, as well as selling ZEC due to the Orchard Pool vulnerability. He still holds Bitcoin and ETH and will execute tactical short trades via derivatives.
Odaily Odaily Deputy Finance Minister Ivan Chebeсков said that Russia may introduce fees, recommendations, and technical protection mechanisms in "unfriendly" cryptocurrency transactions to protect Russian investors.During the preparation for the second reading of the bill on regulating the crypto market, one of the core topics debated was whether to allow specific digital assets, including USDT and BNB, to participate in transactions. Ivan Chebeсков noted that operations with such instruments could pose high risks for Russian users, and therefore additional protective measures are being considered. These include economic incentives such as fees or recommendations to encourage citizens to hold other assets.Previously, Russia's Ministry of Finance had considered excluding USDT from the cryptocurrency market regulatory system, but industry participants expressed their willingness to bear the risks of using this instrument on their own. Furthermore, in a regulatory concept proposed by the Central Bank of Russia last December, it suggested recognizing digital currencies and stablecoins as foreign exchange assets, permitting their purchase and sale but prohibiting their use for domestic payments for goods and services. Unqualified investors, after passing a specific test, would be allowed to purchase the most liquid cryptocurrencies, with the annual limit for purchasing assets through a single intermediary not exceeding 300,000 rubles. (TASS)
Sui announced on X platform that confidential transfers are now open for public testing on Sui Devnet, where transfer amounts and balances remain private, with controlled visibility for compliance and auditing purposes.
According to Crypto in America, the U.S. House Committee on Ways and Means will hold a hearing this Tuesday on cryptocurrency tax reform, reviewing seven draft proposals covering stablecoin transactions, mining and staking, crypto lending, wash-sale rules, charitable donations, and taxpayer disclosure—effectively breaking down the previously proposed Digital Asset Tax Fairness Act into multiple standalone bills. Meanwhile, negotiations over the Senate’s “Clarity for Digital Assets Act” continue. Senator Cynthia Lummis stated the bill is more likely to advance after Congress reconvenes on July 13. Key points of contention include ethics provisions, regulatory language targeting decentralized finance (DeFi), and stablecoin yield. The banking industry continues lobbying against the stablecoin yield provision, while over 200 crypto organizations have jointly written to urge swift passage of the bill. Additionally, Illinois has proposed imposing a 0.2% tax on digital asset transactions, prompting strong opposition from industry groups, which warn the measure could drive crypto businesses out of the state.
EDGE Markets, a financial infrastructure for cryptocurrency and prediction markets, has announced the completion of a $29.2 million Series A funding round, led by CoinFund, with participation from Indicator Ventures, Mantis VC, StepStone Group, and Bullpen Capital. The new funds will be used to launch EDGE Pro, a high-throughput capital account product for market makers, which can connect to U.S. CFTC-regulated exchanges for real-time fund transfers. Leveraging a unified clearing and margin management system, it aims to enhance institutional capital efficiency. The company is also currently advancing its applications for NFA Introducing Broker and Futures Commission Merchant licenses. (Prnewswire)
Odaily News: South Korean police recently raided cryptocurrency exchange Bithumb to investigate allegations that independent lawmaker Kim Byung-gi used his influence to secure a job for his son. According to reports, Kim’s son joined Bithumb in January 2025 and worked there for about six months. Police are investigating whether external pressure or preferential treatment was involved in the hiring process. Additionally, the case has also implicated Dunamu, the operator of South Korea’s largest crypto exchange Upbit, with the investigation scope expanding from simple hiring issues to potential abuse of power and conflicts of interest.Investigators noted that during his tenure on the National Assembly's Political Affairs Committee, Kim Byung-gi raised multiple inquiries against Dunamu during committee meetings, sparking external speculation that he may have been seeking benefits for the company where his son was employed.It is understood that police have previously questioned executives from several cryptocurrency firms and have conducted search and seizure operations at Bithumb’s headquarters and Bithumb Financial Tower. Kim Byung-gi himself is under investigation on 13 charges, including allegations related to job placements, bribery for nominations, and requests concerning university transfers. He has stated that he believes he will ultimately be able to prove his innocence.Notably, Bithumb has been facing sustained regulatory pressure recently. In March this year, South Korea’s financial regulator fined Bithumb approximately $24.5 million for violations related to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, and issued a six-month partial business suspension order. However, the Seoul court temporarily suspended the penalty in late April, and the relevant legal proceedings are still ongoing. (Cointelegraph)