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Raydium core contributor InfraRAY posted on platform X, stating that the team has confirmed that the old version of the AMM V3 program, which was previously discontinued in 2021, has been attacked. The attacker unauthorizedly removed part of the liquidity, but this incident does not affect current Raydium users, and the related liquidity pools have been unable to interact through the official Raydium UI since being disabled. The Raydium SDK and DApp also do not support operations on the mainnet old version AMM V3 liquidity pools.The five affected liquidity pools include: Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, and RAY-SOL. Preliminary statistics show that the stolen assets include approximately 150,177 RAY, 5,603 SOL, and 893,700 USDC, with a total value of about $1.34 million. The related losses will be fully compensated by the treasury.Investigations reveal that the vulnerability originated from insufficient verification of the LP token minting address. The attacker created new LP tokens and impersonated legitimate LP tokens, bypassing the protocol's ratio verification mechanism to extract funds. However, this incident is classified as an independent logical vulnerability and is not due to private key leakage or permission intrusion, and there is no risk of spread. Currently, all existing Raydium mainnet programs have not been affected.

NASDAQ-listed company WISeKey International announced that its subsidiary SEALCOIN has received a strategic investment of $4 million, with participation from The Hashgraph Group (THG) and WISeKey.The new funds will be used to accelerate its integration into the rapidly growing space economy ecosystem and to build blockchain infrastructure for the space economy using decentralized physical internet (DePIN) technology.

a16z Crypto published an interpretation of the investment in Digital Asset, stating that the three major obstacles hindering institutional adoption of crypto technology in the past included blockchain performance, regulatory uncertainty, and privacy issues. Now, the blockchain performance issue has been largely resolved, with L1 and L2 networks meeting the scale, speed, and complexity required by institutions; the US GENIUS Act has come into effect to address regulatory issues.a16z Crypto believes that traditional public chains default to public transaction information, which facilitates verification, but institutional financial transactions need to meet requirements for selective disclosure, compliance, and multi-party collaboration. For example, when banks conduct treasury bond transactions or repurchase transactions, both parties need to share information but should not expose their positions, counterparties, and transaction sizes to all network participants. Therefore, privacy remains a core challenge for institutions entering the blockchain. Most blockchain projects attempt to make institutions adapt to the crypto system, while Digital Asset chooses to adapt crypto technology to institutional needs, and mature privacy technologies have become a key breakthrough to attract institutions to enter the market.

Thomas Eichenberger, Chief Strategy Officer of Swiss digital asset bank Sygnum, stated on Thursday that institutional clients are no longer waiting for a single stablecoin to prevail, but are instead demanding the integration of tokenized deposits, regulated stablecoins, and tokenized money market funds within the same infrastructure to achieve interoperability, allowing treasury departments to flexibly switch between permitted settlement, 24/7 cross-border flows, and on-demand liquidity yields.Sygnum has already launched a Swiss franc stablecoin testing project this year in collaboration with Swiss banking institutions such as UBS, PostFinance, Raiffeisen, and Zürcher Kantonalbank. At the infrastructure level, Eichenberger pointed out that most institutional discussions still default to using private chains, but actual operators are leaning towards a "public but permissioned" model, which combines public infrastructure with regulated access control.In addition, the Qivalis alliance, composed of 37 major banks from the European Union, plans to launch a digital euro by the end of this year, with the banking industry's autonomous push directly challenging European Central Bank President Lagarde's stance on central bank-led digital currencies.

According to the official announcement, Bitget has launched L2 deep market data for US stocks, supporting multi-market data such as Nasdaq TotalView and Blue Ocean, covering pre-market, intraday, after-hours, and overnight trading, available 24 hours a day. Users can view up to 40 levels of buy and sell orders, depth charts, and detailed transaction records.Users with a trading level of VIP1 or above, or an asset accumulation level of VIP3 or above, can unlock this feature for free.

According to SoSoValue data, yesterday (Eastern Time June 11) the total net outflow of Ethereum spot ETFs was $15.8894 million.The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock ETF ETHA, with a single-day net inflow of $8.6325 million. Currently, ETHA's historical total net inflow has reached $11.308 billion.The Ethereum spot ETF with the highest single-day net outflow yesterday was Fidelity ETF FETH, with a single-day net outflow of $20.5281 million. Currently, FETH's historical total net inflow has reached $2.118 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $9.242 billion, with an ETF net asset ratio (market value as a percentage of Ethereum's total market value) of 4.58%. The historical cumulative net inflow has reached $11.191 billion.

Trump stated that the upcoming U.S.-Iran memorandum of understanding requires the immediate restoration of navigation in the Strait of Hormuz without charging tolls, and gradually granting sanctions exemptions based on Iran's compliance. The agreement aims to extend the ceasefire for 60 days, covering Lebanon, and advance nuclear negotiations during this period.Reports indicate that the U.S. and Iran have reached an agreement on the text of the agreement, but it still requires final approval. The memorandum includes a framework for addressing Iran's enriched uranium stockpile issue, with Iran committing not to seek nuclear weapons; related nuclear arrangements still need to be implemented through subsequent, more detailed agreements.Additionally, the agreement requires the Strait of Hormuz to restore pre-war shipping levels within 30 days. In exchange, the U.S. will lift relevant blockade measures and allow Iran to resume oil exports within a certain timeframe. If Iran continues to comply and demonstrates "good faith" in subsequent negotiations, the scope of sanctions exemptions will be further expanded.

Coinbase CEO Brian Armstrong disclosed three platform-level data points on Thursday: the annual stablecoin transaction volume is nearly $1 trillion, the platform holds approximately $20 billion in USDC, and the x402 payment protocol processed over 160 million autonomous transactions in the past year. According to SEC filings, Coinbase's average USDC holdings in the first quarter reached a historic high of $19 billion, with over 25% of the total USDC circulation located within the Coinbase ecosystem.The total circulation of USDC currently stands at $75 billion. The $1 trillion stablecoin transaction volume refers to transfers made through Coinbase's payment infrastructure, in comparison, Visa is expected to process about $14.5 trillion in fiscal year 2025. The x402 protocol is named after the HTTP 402 error code and allows AI agents to make on-chain payments in USDC directly within network requests, with transactions over $1 accounting for 95% of x402 transfer volume.The Base chain has processed $190 trillion in stablecoin transaction volume this year, with over 90% of x402 transaction volume operating on Base. Founding members of the x402 foundation include Google, Stripe, Visa, Mastercard, and AWS.

The AI-native trading decision platform TradingRazor announced the completion of a $1.5 million seed round financing, led by OneBit Ventures, Gaea Ventures, and Blockin VC, with participation from a group of angel investors in the Web3 industry. The new funds will be used for product development and ecosystem growth to support on-chain capital flow tracking, market data aggregation, AI-driven trading modeling, and embedded risk management.

According to Hyperinsight monitoring, SpaceX plans to officially list on NASDAQ at 21:30 (Beijing time) on June 12. On the eve of the IPO, trading activity for SPCX on the Hyperliquid platform surged, with a 24-hour trading volume reaching 136 million USD, and the open interest exceeding 200 million USD during the same period.The largest long whale on Hyperliquid currently holds 17.6 million USD in long positions, with an average price of 165.7 USD. This position was opened two days ago, and as of the time of writing, the unrealized profit has reached 600,000 USD.

According to research by CointelegraphMT, traditional financial markets are absorbing institutional capital at a pace that cryptocurrencies find hard to match by 2026. The main reason is that AI has clear and measurable returns, while cryptocurrencies currently lack a similar narrative.Data shows that the S&P 500 index rose only 3.5% after excluding AI stocks in 2026, while AI-related indices saw an increase of nearly 50%. The five major tech companies in the U.S. are expected to reach $72.5 billion in capital expenditures for AI infrastructure this year, with Nvidia's quarterly revenue reaching $81.6 billion.The research points out that AI spending can be directly validated through revenue, capital expenditures, and profit margins, while the value proposition of cryptocurrencies is difficult to quantify for traditional allocators. Currently, while the supply of stablecoins is at a historical high, more funds are flowing into tokenized government bonds rather than risk assets.Additionally, in May, the net outflow from U.S. spot Bitcoin ETFs was $2.3 billion, marking the worst single month of the year. However, long-term holders continue to buy in the over-the-counter market, with market makers like Wintermute reporting stable buying around $72,000. The research concludes that unless cryptocurrencies can provide a measurable and repeatable institutional-level return story similar to AI, they will be at a significant disadvantage in competing for the same institutional funds.

The first day of the World Cup matches officially kicked off. In the opening match, the host Mexico defeated South Africa 2-0, achieving a good start in the group stage; the second match between South Korea and the Czech Republic is still ongoing.Base's native leverage prediction market OmenX data shows that the trading volume for the first match between Mexico and South Africa reached $1.4 million; the trading volume for the second match between South Korea and the Czech Republic has reached $1.78 million, although the match has not yet concluded.In comparison, the trading volume for the first match between Mexico and South Africa on Polymarket was approximately $4.9 million; the current trading volume for the second match between South Korea and the Czech Republic is about $1.9 million. OmenX's sports prediction trading activity on the first day of the World Cup has quickly approached the scale of leading prediction market platforms.OmenX has recently launched a new sports page and introduced related prediction markets and themed activities around the World Cup events, supporting users in leveraged prediction trading regarding match outcomes, championship titles, and popular sports events.

Alliance co-founder Imran Khan posted on X: "There is a project team within Alliance composed of former team members from Anthropic, exploring a very interesting entry point that focuses on the intersection of cryptocurrency, trading, and AI. The imaginative space and potential market in this direction are much larger than they appear on the surface. We will share more details soon, stay tuned."

Barron's reporter Nick Devor posted on X that Kalshi announced new developments regarding its "perpetual contracts" product at today's Kalshi Perpetuals event. The perpetual contracts are now open to the public (currently supporting 11 types of tokens), and its proprietary trading terminal Kalshi Pro will also be launched later this summer.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to 4.007 billion USD, with long positions at 2.004 billion USD, accounting for 50.01% of the holdings, and short positions at 2.003 billion USD, accounting for 49.99%. The profit and loss for long positions is -175 million USD, while for short positions it is 114 million USD.Among them, the whale address 0x0ddf..02 has shorted ETH with a full position at a price of 1810.16 USD, currently showing an unrealized profit and loss of 8.6138 million USD.

Galaxy Research Director Alex Thorn posted that the U.S. Securities and Exchange Commission (SEC) plans to abolish Rule 611 "Order Protection Rule" and Rule 610(e) in the National Market System Regulation (Reg NMS), which could become an important turning point for the development of tokenized stocks.Thorn pointed out that Rule 611 requires trades to adhere to the best quotes across the entire market (NBBO), while AMMs cannot route orders in real-time, access low-latency market data, or pause trading due to better quotes existing on other exchanges. Therefore, it has long been difficult to meet regulatory requirements, becoming one of the main structural obstacles for tokenized U.S. stocks to land in the DeFi scenario. He stated that if the future replaces the regulatory requirements for trade-by-trade supervision with brokers' "best execution obligations," on-chain liquidity pools and AMM mechanisms will be more easily incorporated into the compliance framework.Although tokenized securities still face issues such as trading venue registration and clearing and settlement, the SEC's subsequent plan to introduce an "innovation exemption" mechanism is expected to further promote related developments. Thorn believes this is an important step for the SEC to implement the "Project Crypto" roadmap, paving the way for innovations in tokenized stocks, AMMs, and on-chain securities trading by removing key market structure barriers.

According to Decrypt, the Coinbase Quantum Advisory Board released a report calling for blockchain developers to immediately begin preparations for quantum migration, warning that unresolved issues with abandoned and vulnerable tokens could become one of the biggest challenges for Bitcoin.The report estimates that approximately 7 million Bitcoins are vulnerable to future quantum attacks due to public key exposure and address reuse. Although there are currently no quantum computers capable of breaking blockchain encryption, the likelihood of relevant quantum computers emerging as early as 2030 is high.The report proposes three handling options for tokens that have not migrated to quantum-safe addresses: permanently freeze or destroy them after a set deadline; take no action and let users decide; or adopt a compromise measure, such as limiting the number of vulnerable tokens that can be moved per block, or allowing users to pre-commit to migration.The Ethereum Foundation has formed a team to coordinate the post-quantum security transition, and Vitalik Buterin developed a quantum upgrade roadmap in February. The Stellar Development Foundation announced a roadmap for user migration to quantum-safe encryption on Tuesday.

American software giant Adobe released its Q2 results for fiscal year 2026, with revenue of $6.62 billion, a year-on-year increase of 13%, and an 11% increase when calculated at constant exchange rates; diluted earnings per share were $4.25, and adjusted earnings per share were $5.96. At the end of the quarter, the total annual recurring revenue reached $27.1 billion, which includes approximately $480 million from Semrush. During the same period, GAAP operating income was $2.24 billion, and non-GAAP operating income was $2.95 billion; GAAP net income was $1.71 billion, non-GAAP net income was $2.4 billion, and cash flow from operating activities was $2.17 billion.Adobe CEO Shantanu Narayen stated that the record revenue in the second quarter reflects strong customer demand for artificial intelligence products.

Alex Thorn, Head of Research at Galaxy Digital, posted on the X platform that the U.S. Securities and Exchange Commission (SEC) has proposed to abolish Rule 611 of Reg NMS (Order Protection Rule) and Rule 610(e) (Locking/Crossing Market Restrictions). Rule 611 requires each trading center to prevent trades from being executed at prices inferior to protected quotes displayed by other exchanges, and it has been a core rule of the U.S. stock market structure since 2005. Alex Thorn stated that Rule 611 is one of the biggest obstacles to trading tokenized stocks in DeFi. Automated market makers cannot comply with this rule, and any liquidity pool for tokenized stocks would continuously violate the regulation, essentially constituting an illegal trading center.After the abolition of Rule 611, it will be replaced by the "best execution" principle, which applies at the broker level and is based on a rules-based framework rather than a trade-by-trade review, thus being compatible with automated market makers. Alex Thorn mentioned that this is part of the SEC's execution of the "crypto project" plan, first abolishing the most challenging market structure barriers and then addressing venue registration issues through "innovation waivers."