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Aave experienced approximately $8.45 billion in fund withdrawals after the KelpDAO's rsETH cross-chain bridge was attacked in April 2026, but the core functions of the protocol did not fail, successfully completing one of the largest liquidity stress tests in DeFi to date. This crisis originated from the attack on KelpDAO's LayerZero cross-chain bridge, resulting in approximately $292 million in rsETH being stolen, raising concerns in the market about the collateral value and solvency of rsETH.As rsETH is widely used as collateral in protocols like Aave, the risk quickly spread, leading to concentrated withdrawals by users, with some market utilization reaching 100% at one point, causing some users to be unable to withdraw funds immediately. In the face of liquidity tightening, the Aave risk management team initiated emergency freeze and parameter adjustment mechanisms to limit the spread of risk.Aave founder Stani Kulechov viewed this incident as proof of the maturity of DeFi, believing that the protocol continued to operate as designed under extreme pressure, demonstrating the resilience of an on-chain transparent, rules-driven system. However, several independent analysts pointed out that while Aave avoided a systemic collapse, the event exposed that the DeFi lending system still has concentration risks, liquidity risks, and contagion risks arising from high interconnectivity between protocols. The behavior of large borrowers could have an impact on the overall stability of the system that exceeds model expectations.Aave currently controls risk through multiple protective measures such as loan-to-value (LTV) limits, liquidation thresholds, supply caps, borrowing limits, Isolation Mode, E-Mode, and governance mechanisms. These mechanisms played a role during this crisis, but observers believe that the governance response speed and risk models still need further optimization to cope with future unknown systemic shocks.Analysis suggests that this incident indicates that DeFi protocols can withstand large-scale runs without external assistance, but a single stress test cannot fully prove system safety. As the composability between protocols continues to strengthen, an issue with an external asset or cross-chain bridge could still quickly evolve into a liquidity crisis for the entire ecosystem.

According to Solid Intel, asset management company Franklin Templeton has submitted a new ETF application to regulators, with a product structure that allows cash dividends from held stocks to be automatically reinvested in Bitcoin.

According to Jinshi News, Christopher Hodge, Chief U.S. Economist at the French Foreign Trade Bank in North America, believes that the Federal Reserve's statement has been significantly streamlined, with clear hawkish signals. Interest rates remain unchanged, the tendency for easing has been removed, and there were no dissenting votes. The conclusion of the statement emphasizes the commitment to achieving price stability. Overall, this is a hawkish statement.

According to Jinshi reports, the Federal Reserve FOMC statement reiterates the policy of maintaining ample reserves in the banking system and instructs the open market operations department to increase securities holdings when appropriate.

According to The Block, Benchmark Equity Research maintains a buy rating on Coinbase, with a target price of $270, representing an upside of approximately 59.5% from the current stock price. Analyst Mark Palmer stated that Coinbase's recent system updates clearly demonstrate its rapid transformation from a cyclical crypto broker to an infrastructure platform connecting the on-chain economy with traditional finance.The report highlights Coinbase's product advancements in tokenized U.S. stocks, stock and crypto options, prediction markets, AI investment tools, and agentic payment infrastructure, as well as its prior approval from the CFTC to operate as a Futures Commission Merchant (FCM), allowing it to offer global crypto perpetual contracts and options trading to U.S. clients through Deribit. Benchmark believes these initiatives further confirm that Coinbase is continuously expanding its business boundaries beyond spot crypto trading.

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), reiterated that the review of cryptocurrency perpetual contracts will be conducted on a "single asset" basis. CFTC staff had previously clarified this position in the advisory opinion regarding 24/7 continuous trading, and the regulator will assess the compliance of perpetual products for different underlying assets using this framework.

According to Finance Feeds, European Central Bank President Christine Lagarde warned at the ECB meeting that Europe faces the risk of losing payment sovereignty, with dollar stablecoins and foreign networks dominating future financial infrastructure. Lagarde pointed out that Europe does not have its own pan-European card network, with international card organizations accounting for over 60% of card payments in Europe, and 13 out of 21 eurozone countries no longer having national card schemes. She stated that the digital euro could break this situation, as its status as legal tender must be accepted throughout Europe.Lagarde emphasized that tokenized finance requires central bank money to scale safely, and market participants indicated that without central bank settlement infrastructure, they would not issue digital assets on a large scale. The European Central Bank is advancing two initiatives, Pontes and Appia, and establishing connections between TIPS and India's UPI, as well as the Southeast Asia Nexus system. She warned that if member states create their own legal frameworks independently, it would legally recreate the fragmentation that technology is currently dissolving. This competition has evolved into a geopolitical and sovereignty issue.

According to Bitcoin.com, the Bank of Ghana has issued a mandatory directive requiring all regulated financial institutions to immediately cease support for unauthorized foreign currency digital wallet services provided by cryptocurrency platforms. The central bank stated that several cryptocurrency platforms operating in Ghana offer digital wallet services denominated in foreign currencies (primarily US dollars) that integrate with the local banking system through direct bank transfers, payment cards, and other channels. These cryptocurrency platforms are not authorized to conduct such activities.The central bank pointed out that these foreign currency digital wallets involve compliance requirements under the Payment Systems and Services Act of 2019 and the Foreign Exchange Act of 2006. Due to the lack of necessary approvals for cryptocurrency platforms, the banking infrastructure supporting these services is illegal. The directive takes effect immediately and applies to banks, deposit-taking institutions, electronic money issuers, and payment service providers, prohibiting the establishment or maintenance of any arrangements supporting these unauthorized fiat wallet systems. Non-compliant institutions will face regulatory or enforcement actions. The central bank has established a virtual asset service desk for businesses to consult on compliance matters.

According to Xinhua News Agency, Iranian Foreign Ministry spokesman Baghaei stated on the 13th that any possible understanding reached between Iran and the United States is only to promote continued dialogue between the two sides, rather than a final agreement; the unfreezing of Iran's frozen assets will be an indispensable part of the Iran-U.S. understanding.Baghaei said during a meeting with media personnel that Iran's current focus is on ending hostilities on all fronts and regional tensions, and there will be no in-depth discussion of the details of the nuclear issue at this stage. He stated that the only way to achieve regional security is to end the presence of foreign military forces in the region.Baghaei emphasized that the issue of unfreezing Iranian assets is an important component of the understanding and will not be excluded. Current discussion topics also include eliminating U.S. hostile actions against Iranian vessels and issues related to the Strait of Hormuz.Baghaei said that Iran will act with the utmost caution while advancing negotiations and diplomatic processes, while remaining vigilant based on past experiences. If the other party refuses to fulfill its obligations, Iran can take countermeasures.

According to reports from Xinhua News Agency citing foreign media, a delegation from Iran, including the Iranian Foreign Minister, will visit Pakistan on the 14th.

According to an official statement from Anthropic, on June 11 local time, the U.S. government issued an export control directive citing national security, requiring the suspension of access to Fable 5 and Mythos 5 for all foreign nationals. Anthropic was forced to shut down the aforementioned two models for all users.The government believes it has discovered a "jailbreak" method to bypass the protective mechanisms of Fable 5, but Anthropic, after review, pointed out that the related vulnerability is relatively minor and that similar capabilities exist in other publicly available models such as OpenAI GPT-5.5, which does not constitute an exclusive risk to Mythos.Anthropic stated that it will comply with the government directive but clearly opposes taking down commercial models that have been deployed to hundreds of millions of users based on the discovery of a single narrow-range jailbreak. They warned that if this standard is widely applied in the industry, it would effectively block all new deployments of cutting-edge models. The company is currently actively communicating with the government to restore access as soon as possible.

Investment bank TD Cowen analyst Lance Vitanza reiterated a buy rating on Bitcoin treasury company Strategy (MSTR), with a target price of $400.

According to The Kobeissi Letter, global investors are selling Korean stocks at an unprecedented pace. On Monday, foreign capital sold another $801 million worth of Kospi components, with a total outflow of $10 billion last week, and a net selling trend observed every trading day over the past month.According to Goldman Sachs data, foreign capital has cumulatively sold $75 billion worth of Korean stocks this year. In stark contrast, domestic retail and institutional investors have net bought $69 billion during the same period.

According to IOL, the High Court of Gauteng Province in South Africa ruled that Bitcoin falls under "capital" and "currency" within the South African foreign exchange control system, and ordered the confiscation of nearly 6 million rand worth of Bitcoin assets. The court determined that a trader transferred nearly 1,680 Bitcoins to a wallet accessible only through an overseas registered cryptocurrency exchange via their Luno account between January 2018 and March 2020, which amounted to exporting capital abroad without approval from the Treasury, violating foreign exchange control regulations.Meanwhile, the South African Treasury released a draft consultation on capital flow management for 2026 last month, aimed at modernizing the management of cross-border capital flows by reducing pre-approval for transactions, strengthening reporting, and monitoring high-impact, high-risk cross-border transactions.

The State Council of China has issued the "Regulations on Foreign Investment," which will take effect on July 1, 2026. China supports investors in conducting foreign investment activities based on market principles and actively participating in international cooperation and competition.Investors have the autonomy for foreign investment according to the law, making independent decisions, bearing risks, and assuming profits and losses. Investors engaging in foreign investment and related activities must comply with laws and regulations as well as international practices, respect local customs and cultural traditions, adhere to business ethics, act honestly and with integrity, compete fairly, fulfill social responsibilities, maintain the national image, and must not disrupt market competition order, damage the ecological environment, or infringe upon the legitimate rights and interests of workers. They must not endanger China's national security, harm national interests, or the public interest of society.

According to Xinhua News Agency, Salimi, a member of the Iranian Parliament's presidium, stated that Iran's plan to "exercise sovereign jurisdiction" over the Strait of Hormuz is about to be approved by the parliament and is expected to be passed in the form of permanent legislation.According to the Iranian Students' News Agency, Salimi said that only Iran and Oman have the right to make decisions regarding the management of the Strait of Hormuz. The Iranian side has communicated with Oman, and Oman has also expressed preliminary agreement, with the relevant plan expected to be finalized soon.

According to crypto journalist Eleanor Terrett, U.S. Treasury Secretary Scott Bessent reiterated today that a central bank digital currency (CBDC) will not be launched during the Trump administration. However, the House of Representatives has passed the "ROAD to Housing Act," which only includes a temporary ban on the Federal Reserve issuing a CBDC, set to expire in December 2030. The bill has not yet passed in the Senate.Senate Republican leader Thune stated that pushing for a permanent ban may face resistance from Democrats. Some House Republicans believe that the expiration of the ban may reopen the space for the Federal Reserve to explore a CBDC. Fed Chairman Kevin Warsh stated that as long as he has the authority to stop it, he will not allow the Fed to advance a CBDC.

According to CoinDesk, the total market value of stablecoins has reached $322 billion, surpassing the foreign exchange reserves of over 95 countries. The amount of fiat currency held by users through non-traditional banking channels has now exceeded the official foreign exchange reserves of Poland, Thailand, Mexico, as well as the UK, Canada, UAE, and 95 other countries. Currently, only 14 countries/regions have foreign exchange reserves that exceed the market value of stablecoins.Stablecoins are widely used for cryptocurrency trading, DeFi settlements, and cross-border payments. The Bank for International Settlements report indicates that cross-border stablecoin flows have significantly increased since 2022, particularly active in regions with high inflation and severe exchange rate fluctuations. However, the BIS also warns that stablecoin trading may trigger capital outflows, putting vulnerable domestic currencies under depreciation pressure.