Project Progress

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PiggyBank basis trading was manipulated by LAB, and the USDC treasury fell 15%; compensation is promised.

DeFi yield agreement PiggyBank released a withdrawal report on June 10, confirming that a $100,000 basis trade involving the LAB token failed due to market manipulation, resulting in approximately a 15% drawdown in the USDC vault, about 12% in SPYx, and about 9% in JitoSOL. PiggyBank pledged to compensate affected users, but as of the time of the report, it had not disclosed the total amount of losses or a compensation timetable. PiggyBank Withdrawal Report Details: Drops Across Three Product Ty
LAB-5.06%
SPYX-0.12%
LEGION-8.17%
MarketWhisper·06-11 04:01
PiggyBank basis trading was manipulated by LAB, and the USDC treasury fell 15%; compensation is promised.

Felix becomes the first HIP-3 shutdown deployer, and TradeXYZ accounts for 95.85% of volume

The Hyperliquid ecosystem project Felix announced that its HIP-3 trading platform will begin shutting down starting June 19, with all markets liquidated one by one. It has become the first HIP-3 deployer to formally announce an exit. As of early June, TradeXYZ accounted for 95.85% of HIP-3 total trading volume and 96.81% of open interest. ASXN confirms: HIP-3 concentration data as of early June According to ASXN’s weekly confirmation data as of early June: TradeXYZ volume share: 95.85% dreamcash
HYPE-1.31%
MarketWhisper·06-11 03:43
Felix becomes the first HIP-3 shutdown deployer, and TradeXYZ accounts for 95.85% of volume

Patrick Hui Cheng-yu: Hong Kong’s stablecoin is expected to be launched in mid-year, and the number of licenses available afterward will be extremely limited

In a written reply to questions from Legislative Council members on June 11, Hong Kong’s Financial Secretary and Treasury Bureau Secretary, Mr. Eddy Hui, said that, based on the current business plans of two licensed issuers, the regulated stablecoins are expected to be rolled out as early as mid-2026. Mr. Hui also confirmed that the Monetary Authority has, at this stage, “no clear inclination” regarding the subsequent licensing direction and timing. Even if more licenses are issued in the futur
MarketWhisper·06-11 03:29
Patrick Hui Cheng-yu: Hong Kong’s stablecoin is expected to be launched in mid-year, and the number of licenses available afterward will be extremely limited

Pi Network launches an HKD withdrawal channel; 160 million tokens pending unlock are set to exert pressure on PI’s price

According to Coinfomania on June 10, Pi Network KYB-verified fiat on/off-ramp partner Onramp Money officially launched its crypto withdrawal service in Hong Kong this week, allowing users who have integrated with the Pi Wallet to convert supported crypto assets into Hong Kong dollars (HKD). Analysts estimate that about 160 million PI tokens will enter circulation within the next few weeks, creating sell-side supply pressure on spot prices. Onramp Money Hong Kong Service Confirmation Details Onra
PI0.51%
MarketWhisper·06-11 03:11
Pi Network launches an HKD withdrawal channel; 160 million tokens pending unlock are set to exert pressure on PI’s price

Arc releases an on-chain privacy roadmap: no anonymous privacy, and authorized parties have visibility subject to governance

On June 11, Arc, a blockchain finance protocol, published an article titled “Built for Funds That Will Never Flow in Public Places” on its official website. The article previews future selective onboarding of on-chain privacy solutions, and also releases a privacy white paper roadmap. In its statement, Arc said, “Sensitive financial operating workflows should not become public market data.” Its privacy design follows the “no anonymous privacy” principle, providing governed visibility to authoriz
ARC-0.66%
MarketWhisper·06-11 01:47
Arc releases an on-chain privacy roadmap: no anonymous privacy, and authorized parties have visibility subject to governance

AIO (olaxbt) surges 80.81% in 24 hours

Gate News, June 11, according to Gate market data, as of the time of writing, AIO (olaxbt) is trading at $0.19. It is up 80.81% over the past 24 hours, hitting a high of $0.2 and falling back to a low of $0.10. The 24-hour trading volume is $290,200. Its current market cap is approximately $42.8979 million. OlaXBT is a decentralized AI trading layer that converts multi-source crypto data into pre-processing factors for AI agent builders through a patented data processing framework. The platform
AIO2.20%
GateNews·06-11 01:46
AIO (olaxbt) surges 80.81% in 24 hours

Zcash Founder: Ironwood Will Verify ZEC Supply On Day One

According to Zooko Wilcox, founder of Zcash, the proposed Ironwood upgrade will enable users to trustlessly verify the ZEC circulating supply on Day One of its activation, addressing concerns following a recently remediated Orchard vulnerability. Wilcox stated in an X post and Zcash Community
ZEC-2.20%
GateNews·06-10 18:16
Zcash Founder: Ironwood Will Verify ZEC Supply On Day One