NightTideShell

Crypto news from CoinDesk, Wu said he learned that Defituna, a CLMM leverage protocol on Solana, said that about 7 hours ago an attacker exploited a vulnerability in its lending pool to withdraw $580k, causing a $580k shortfall in the USDC lending pool. The related attack path has been confirmed and mitigation measures have been taken. The team is still investigating the incident and attempting to recover the funds, and more information will be released later.

Crypto Sector Network news: Federal Reserve Chair Wosh said his focus is on the real economy. The message he conveyed to the market is that responses should be made based on the performance of the real economy, rather than making judgments based on the Federal Reserve’s statements.

CoinDesk news: the nvda short opened by the “whale” who sells short at high prices has been fully closed. Before closing, the position size was $3,107,424.94. This address is currently SK Hynix’s largest short position, and it still remains in the red overall, with a monthly loss of about $6 million.

Coin World News: After briefly falling, the US dollar/yen has rebounded; it is currently quoted at 162.06.

Coin World news: According to on-chain analyst AI姨’s monitoring, the smart money address that previously made profits of over $5.29 million currently holds a $MU 2x long position with a value of $9.41 million, with an unrealized loss of $620k. It also holds a $SKHX 2x long position worth $8.85 million, with an unrealized loss of $1.18 million. The total unrealized loss from the two positions combined is $1.8 million.

According to CrowdFundInsider, Circle Ventures, the investment arm of stablecoin issuer Circle, announced an investment in digital asset intelligence company Elliptic, with the specific amount undisclosed. Additionally, Elliptic has joined Circle's "Agentic Design Partner Program," aimed at advancing AI-driven financial services compliance systems. Circle noted that as autonomous AI agents (Agentic AI) become increasingly prevalent in the financial services sector, compliance and risk management mechanisms must evolve accordingly.

CoinWorld news: this week, Standard Chartered announced that it will provide institutional clients with direct minting and redemption services for Circle’s USDC. This is not only adding another digital asset service, but also joining a growing list of stablecoin offerings from global financial institutions. Chainalysis estimates that stablecoin settlement volumes could reach $1 trillion per year by 2030. Standard Chartered’s announcement came just days after BNY, the world’s largest custodian bank, expanded support for USDC—allowing institutional clients to use its infrastructure to custody, mint, and redeem USDC. Both Standard Chartered and BNY are regarded as global systemically important banks by the Basel Committee on Banking Supervision of the Bank for International Settlements. The decisions by the two banks reflect a trend among some lenders to use established stablecoin networks rather than creating their own.

Coin World News, according to Decrypt, Zcash developers say the Ironwood upgrade is nearing testnet activation. The upgrade introduces a new accounting system to verify the network's circulating supply and maintain transaction privacy, aiming to address supply integrity concerns caused by the May Orchard vulnerability. Disclosure of the vulnerability led to ZEC's price dropping from over $600 to around $300 within two days; it has now recovered to $457. Shielded Labs pointed out that migrating exchanges, wallets, and mining pools to the new Z3 software stack is a deployment challenge, and the team aims to complete the Ironwood upgrade and ecosystem migration by the end of July.

CoinWorld News, according to boursorama, Crédit Agr early issue le announced the launch of the euro stablecoin EURXT, initially for CACEIS institutional investor clients and corporate clients. Crédit Agr early issue le said that EURXT has successfully completed its first issuance, which will be used to settle subscriptions to the Amundi Money Market Fund.

$BTC The bear market is coming to an end.
Tomorrow, the third quarter begins, which, according to the 4-year cycle, is the period when Bitcoin should form its bottom.
To be more specific, I believe the bottom will form between August and October.
This is typically a period of increased volatility, extremely choppy price action, and FUD everywhere.
You’ll hear a lot of “famous” people saying they’re selling and that BTC is going to zero.
It’s important to not listen to them.
The third quarter is also the period during which I plan to build a large long position that I ideally want to hold until the top of the next bull market.

According to data from Biquan Network, AAVE V4 deposits have reached a new high of more than $200 million, while total loans are close to $60 million. More than two-thirds of deposits are concentrated on Ethereum’s main branch, with bluechip spoke and etherfi spoke accounting for a substantial share. In addition, deposit activity in the foreign exchange and gold sectors within AAVE V4 has also increased.

CryptoWorld News reports that, according to two industry sources, the Gubkin Oil Refinery under Russia's Rosneft ceased oil processing operations on June 10th after a drone attack. The sources stated that the attack caused damage and a fire, leading to the shutdown of two crude oil atmospheric distillation units—CDU-4 and CDU-5—at the refinery, each with a daily processing capacity of approximately 10k metric tons (73k barrels).

CryptoWorld News reports that Backpack US has appointed former Acting Chair and Commissioner of the U.S. SEC, Michael Piwowar, as a board member to promote the development of its U.S. crypto perpetual contract business. Piwowar served as an SEC commissioner from 2013 to 2018 and briefly held the position of Acting Chair early in Trump's first term. Backpack stated that after the CFTC recently approved the United States' first compliant Bitcoin perpetual contract, the company plans to further expand its perpetual contract products in the U.S. market.