News linked to both this project and an event.
Humanity released a post-mortem report on the H token security incident that occurred between June 8 and 9, stating that the incident was not caused by a smart contract vulnerability, but rather by a malware intrusion into a developer's device, which led to the leakage of private keys. Humanity stated that the attacker still holds the ProxyAdmin permissions for the ETH bridge and the BNB Chain token. Preliminary investigations confirmed that a colleague's device was infected with malware, which the attacker used to obtain the hot wallet private key of the administrator and the private keys for signing on 6 Gnosis Safe wallets. The team has hired an external security agency to conduct a forensic investigation and stated that they are formulating a recovery plan for affected users.
According to reporter Eleanor Terrett, the U.S. House Committee on Ways and Means held a hearing on cryptocurrency taxation at 2 p.m. local time on June 9, unveiling six standalone bills and one discussion draft ahead of the hearing. The six bills address cryptocurrency donations, taxation of mining and staking, reporting requirements, tax treatment parity, voluntary disclosure, and the application of existing anti-abuse tax rules to digital assets; the discussion draft targets offshore cryptocurrency tax avoidance. The Committee stated that these proposals aim to bring clarity, fairness, and operational feasibility to digital assets while safeguarding the United States’ position as the world’s leading hub for cryptocurrency. Witnesses at the hearing included representatives from Fidelity, Coinbase, Coin Center, and the NYU Tax Law Center.
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.
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.
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.
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.
Bitfinex Alpha's latest report indicates that Bitcoin has entered a deeper correction phase, dropping to a low of $59,200 on June 5, a cumulative 53% decline from its all-time high in October 2025. This decline is primarily driven by record outflows from spot ETFs, derivative deleveraging, and sustained pressure from a high-interest-rate macroeconomic environment. The yield on the 10-year US Treasury note currently remains above 4.45%, further dampening market expectations for a Fed rate cut.On-chain and fund flow data suggest the current market is closer to a "distribution phase" than "panic selling." The spot Cumulative Volume Delta (CVD) has turned significantly negative after strong accumulation from April to May, indicating that recent buyers are steadily exiting. Meanwhile, the cost basis for short-term holders has fallen below the True Market Mean of $77,800, meaning a large number of new investors are in unrealized loss positions, creating significant selling pressure for any potential rebound. As the price approaches the overall realized cost basis of around $53,900, the characteristic of reducing positions on bounces is becoming more pronounced.At the macro level, the US economy continues to grow, but inflation is eroding real household income. The job market remains robust, with job openings hitting a nearly two-year high and continued job creation exceeding replacement levels. Sectors such as healthcare, manufacturing, construction, and leisure and hospitality are all expanding. However, inflation is expected to continue outpacing wage growth, leading to a decline in real purchasing power and presenting the Fed with a more complex balance between maintaining employment and controlling inflation.The key driver of current market trends has shifted to real yields. Driven by rising energy prices and geopolitical risks, inflation expectations are heating up, pushing both nominal and real yields on US Treasuries higher. Higher real yields increase the opportunity cost of holding non-yielding assets, prompting investors to reassess their allocation to risk assets. Bitcoin has been the first to feel the impact, with US spot ETFs experiencing their largest outflows since launch. The market has also shifted from betting on rate cuts to pricing in the risk of "higher for longer" interest rates. Bitfinex Alpha believes that, in the current phase, the trajectory of real yields has become the most important variable influencing performance in both traditional financial and digital asset markets.Despite short-term pressure, the institutionalization process continues. The report notes that Securitize's approval to list on the New York Stock Exchange signals that tokenization infrastructure is further integrating into the traditional financial system. Concurrently, the US GENIUS Act is advancing a regulatory framework for stablecoins, bringing issuers under compliance requirements similar to those for traditional financial institutions. The institutio
: The World Cup will kick off on June 11, and the Hong Kong police have launched the Gobi and Wind Shield operations, targeting illegal offshore gambling through publicity, education, intelligence, and law enforcement. The police noted that in recent years, illegal gambling has become increasingly digitalized, including online betting, solicitation of gamblers via social media, and settlement of bets with virtual currencies. The police stated that they still have the capability to trace participants.According to the law, placing bets with offshore bookmakers carries a maximum penalty of 9 months in prison and a fine of HK$50,000. Accepting bets carries a maximum penalty of 7 years in prison and a fine of HK$5 million. Money laundering carries a maximum penalty of 14 years in prison and a fine of HK$5 million. The police also shared the case of a young man who was addicted to offshore gambling, at one point owing as much as HK$160,000. A police clinical psychologist warned that those who start gambling before the age of 18 have an over 80% risk of developing gambling disorder later in life. (Sing Tao Daily)
According to The Korea Business, South Korean police are investigating domestic users of Polymarket—the world’s largest prediction market platform—for alleged violations of Article 246 of the Criminal Act (gambling offenses), which carries a maximum fine of KRW 10 million. This investigation—led by the Gangwon Provincial Police Agency upon delegation from the National Police Agency—is the first criminal probe targeting Polymarket users in South Korea, covering users nationwide. It is reported that South Korean users placed bets on the platform using USD-pegged stablecoins, with no restrictions imposed by the platform; for instance, the June 3 local elections alone attracted hundreds of billions of won in betting volume.
According to Cointelegraph, Coinbase and Better Home & Finance announced they will launch a cryptocurrency-backed mortgage program in summer 2026, enabling qualified borrowers to use bitcoin (BTC) or USDC as collateral to fund down payments on mortgages backed by Fannie Mae. This initiative follows the U.S. Federal Housing Finance Agency’s (FHFA) directive in June 2025 instructing Fannie Mae and Freddie Mac to include crypto assets in mortgage risk assessments—without requiring conversion into fiat currency. Other lenders, including Newrez, have already begun adopting similar measures. However, some U.S. senators have expressed concerns that cryptocurrency price volatility could threaten housing market stability. Republican Senator Cynthia Lummis has introduced the “21st Century Mortgage Act,” aiming to codify this policy into law.
Zach Pandl, Head of Research at Grayscale Research, stated that the market experienced a new wave of volatility following Strategy's disclosure on June 1st of selling 32 Bitcoin. Although the sale is negligible compared to its holdings of approximately 840,000 Bitcoin (worth about $55 billion), this rare reduction move still impacted market sentiment.Pandl pointed out that the more noteworthy development is the performance of Strategy’s Variable Rate Preferred Stock STRC (Stretch). The product has a design target price of around $100 and currently offers a dividend yield of 11.5%. When the stock price falls below $100, it indicates that investors are demanding a higher rate of return, which may force the company to increase dividend levels. This would increase future cash flow pressure and potentially compel it to sell more Bitcoin for fundraising, further weighing on BTC prices. Strategy's leveraged Bitcoin reserve model is facing challenges. At current STRC and MSTR share price levels, the company's ability to continue large-scale Bitcoin accumulation may be constrained.However, Pandl noted that in the long term, the migration of Bitcoin holdings from highly leveraged digital asset reserve companies to more diversified corporate balance sheets will help enhance market resilience and improve Bitcoin's long-term value support. He expects Bitcoin to resume its upward trend in the coming months, but its near-term performance may lag behind crypto asset sectors that benefit more directly from regulatory clarity.
: Nine Democratic members of the U.S. House of Representatives have called on the Federal Trade Commission (FTC) to investigate prediction markets, reviewing whether their advertising campaigns are consistent with the statements they make to regulators. Representatives Kevin Mullin and Gabe Vasquez stated that prediction market platforms present themselves to regulators as financial instruments offering investment products, yet advertise to the public as gambling platforms. This contradictory information could mislead consumers.The lawmakers have requested that the FTC provide a detailed response by June 29 on whether it plans to launch an investigation or take enforcement action against prediction markets. Prediction markets have recently come under scrutiny over insider trading issues, and Congress launched investigations into Polymarket and Kalshi in May. (Cointelegraph)
According to the official announcement, Coinbase has announced that trading for the SpaceX Pre-IPO Perpetual Contract (SPCX-PERP) will go live on or after June 4, 2026, at 14:00 (UTC+8). Trading in this market will be available in regions where liquidity conditions are met and local regulatory support is in place.
on June 4, Coinone announced its strategic collaboration direction with Korea Investment Securities, OKX, and Com2uS Holdings at its headquarters in Yeouido, Seoul. Previously, Korea Investment Securities and OKX had each acquired a 20% stake in Coinone, becoming its third-largest shareholders. Coinone CEO Cha Myunghoon retains his position as the largest shareholder with a 30.36% stake, while Com2uS Holdings continues as the second-largest shareholder with a 24.54% stake. Coinone stated that this is a strategic investment aimed at bridging traditional finance and the crypto asset market, rather than a purely financial one. OKX will serve as Coinone's global technology partner, providing its accumulated technical expertise and support, including trading technology and wallet infrastructure. Korea Investment Securities will offer support in traditional financial compliance and trust systems, while Com2uS Holdings will provide content IP and IT infrastructure. Coinone indicated that in the short term, it will leverage the capabilities of its partners to strengthen its competitiveness in the South Korean crypto asset market. In the medium term, it plans to launch digital financial products such as STOs and stablecoins within the legal framework. Cha Myunghoon stated that after bringing in new shareholders, the continuity and stability of the company's operations will be maintained.
According to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) announced on June 4 the repeal of its nearly 30-year-old “neither admit nor deny” policy. Introduced in 1998, this policy required defendants to agree not to publicly deny the CFTC’s allegations as a condition of settlement. CFTC Chairman Rostin Behnam stated that the move aligns with the broader direction across federal regulatory agencies and grants the Commission greater flexibility in enforcement settlements. Earlier in May, the Securities and Exchange Commission (SEC) had already repealed a similar policy. Several crypto firms had criticized the rule for restricting their freedom of speech.
According to Drift’s official announcement, the Drift Protocol released its latest recovery update on June 3, 2026. An independent forensic investigation conducted by cybersecurity firm Mandiant has confirmed that the prior attack against Drift was carried out by the North Korean threat group UNC6862, whose tactics closely align with those historically employed by North Korean state-sponsored hacking operations. On the rebuilding front, Drift announced the appointment of Noah Prince—former Engineering Lead of the Helium Protocol—as Protocol Lead, who will spearhead codebase hardening and platform security architecture redesign. Additionally, former members of the Gauntlet team have been brought on board to conduct margin engine reviews, optimize funding rates and market parameters, enhance liquidation mechanisms, and implement continuous risk monitoring. Drift plans to relaunch with “security-first” as its core principle, repositioning itself as Solana’s largest USDT-perpetuals exchange. With support from strategic partners including Tether, Drift will establish a dedicated recovery pool funded by platform revenues to compensate users for losses. Further details regarding the recovery mechanism and timeline will be disclosed progressively.
According to Yonhap News Agency, on June 1, the Incheon Metropolitan City Election Commission formally filed a complaint with the Incheon Police Agency against Yoo Jeong-bok, the presidential candidate of the People Power Party for Incheon mayor, citing violations of the Public Official Election Act. Yoo is accused of submitting false information in his candidate asset disclosure: his spouse’s actual assets amount to approximately 518.57 million KRW—significantly higher than the declared amount of 439.88 million KRW—and their combined household assets should total approximately 1.92297 billion KRW, not the declared 1.84472 billion KRW. Earlier media reports indicated that his spouse held 21,000 units of virtual assets and transferred them to overseas exchanges to evade local election asset disclosure obligations. The Incheon Police Agency’s Anti-Corruption Investigation Unit will merge this complaint with a related case previously filed by the Democratic Party of Korea for joint investigation.
According to the SEC’s official website, the U.S. Securities and Exchange Commission (SEC) released the “Draft Strategic Plan for Fiscal Years 2026–2030” on June 2 and opened it for public comment. The plan centers on three key objectives: (1) supporting innovation and capital formation by clarifying the regulatory framework for digital assets and distributed ledger technology; (2) enhancing communication and engagement with market participants, refocusing enforcement efforts on combating fraud and market manipulation; and (3) advancing technological modernization—including upgrading the EDGAR system and integrating artificial intelligence and blockchain technologies to improve regulatory efficiency. SEC Chair Paul S. Atkins stated that the Commission remains committed to its core mission of protecting investors, maintaining fair markets, and facilitating capital formation. The public may submit comments by July 2, 2026; the document number is DSP-3.