Today's Key News Highlights:
Taiko ERC20 Vault Attacked, Losses Exceed $1 Million
Regulation & Macro
The Bank of England released its final policy and draft rules for stablecoins, scrapping plans for an individual holding cap and instead limiting the total issuance of each stablecoin, with an initial cap of £40 billion (approximately $52.84 billion). It also slightly relaxed reserve asset requirements and plans to finalize the rules by year-end.
A joint statement from Qatar and Pakistan said the first round of high-level US-Iran talks concluded in Switzerland. The parties agreed to establish a high-level committee to provide political oversight and finalized a 60-day roadmap to reach a final agreement, with technical talks to continue. Additionally, the parties agreed to set up a conflict de-escalation coordination group to ensure the cessation of military operations in Lebanon.
An Iranian Foreign Ministry spokesperson stated that the negotiating delegation's work has concluded, while the technical team continues. Qatar and Pakistan will release an outcome document on the agreement. An agreement has been reached on mechanism arrangements for the safe passage of vessels in the Strait of Hormuz, and discussions were held on initiating preparations for final agreement negotiations. Iran and the US discussed issues including oil sales licenses and unfreezing Iranian assets, making good progress.
First Round of Iran-US Talks Concluded
Trump: US May Collect 20% of Middle East Oil Revenues
In an interview with Fox News, Trump stated that if the US and Iran fail to reach an agreement, the US will become the "guardian" of the Strait of Hormuz and collect 20% of the Middle East's oil revenues. He warned Iran not to close the strait.
Pakistan Foreign Minister: No Fees for Strait of Hormuz Passage Within 60 Days
Pakistan's Foreign Minister Dar stated during the quadrilateral talks that there will be no fees or blocking of vessel passage in the Strait of Hormuz within 60 days. Pakistan successfully brought the US and Iran together for dialogue, with three technical teams currently involved in negotiations discussing nuclear issues, frozen funds, and the situation in Lebanon.
Project Updates
Binance Alpha to List Arcium (ARX) Trading Today at 18:00, Airdrop Threshold Set at 225 Points
Binance Alpha will list Arcium (ARX) trading on June 22 at 18:00. Users with at least 225 Binance Alpha points can claim 172 ARX airdrops on a first-come, first-served basis, consuming 15 points per claim. If the reward pool is not exhausted, the points threshold will decrease by 5 points every 5 minutes. Users must confirm their claim within 24 hours.
Binance Futures to Launch 7 U-Margined TradFi Perpetual Contracts Today
Starting from 21:30 on June 22, the Binance Futures platform will successively launch 7 U-margined TradFi perpetual contracts, including Lam Research, KLA, Astera Labs, Super Micro Computer, Ciena, Direxion Daily South Korea Bull 3X ETF, and Sony, all supporting up to 20x leverage.
A new Ethereum proposal aims to allow validators to redirect 0%-10% of staking rewards to ecosystem public goods funding, enforced if a majority supports a rate above zero. Currently, validators earn approximately 700,000 ETH annually in rewards; redirecting 5%-10% could generate 50,000-70,000 ETH (about $120 million) per year. The proposal seeks to address the "free-rider" problem but faces risks such as validators coordinating to increase rates and delegated holders having no decision-making power. It is currently under discussion.
Morgan Stanley Plans to Set Fees for Its Ethereum and Solana ETFs at 0.14%
Morgan Stanley filed an amended S-1 for its proposed Ethereum and Solana ETFs, setting management fees at 0.14% for both, lower than the Grayscale Ethereum Mini Trust's 0.15% and Franklin Templeton's Solana ETF's 0.19%. The two funds will stake a portion of assets through Figment, Galaxy, and Coinbase Canada, with 5% of staking rewards paid to service providers. Its Bitcoin Trust previously launched with a 0.14% fee and has accumulated net inflows of $307 million.
Taiko: Security Incident Contained, Bridges and Vaults Paused
Taiko issued a security incident update, stating the incident has been contained, bridges and vaults have been paused, funds can no longer be withdrawn, the two-way bridge is offline, and pending transactions are suspended, not lost.
Previously reported, Taiko ERC20 Vault attacked, losses exceed $1 million, PeckShield stated: Taiko attack incident has caused approximately $1.7 million in losses, and the attacker transferred 1.99 million TAIKO (about $189,000) to the MEXC exchange.
Taikoconfirmed the chain state verification mechanism was compromised, rendering all bridge security assumptions unreliable. It is coordinating with the Security Council to suspend affected systems and take action. It strongly advises users to immediately withdraw funds from all bridges and requests centralized exchanges to suspend TAIKO token deposits. The attacker's address has been published.
SpiderPool Mines an Empty Block at Bitcoin Block Height 954,352
An empty block containing only the Coinbase transaction was mined at Bitcoin height 954,352 by SpiderPool, with an interval of about 62 seconds from the previous block. The short interval may have led the miner to use an empty template, forgoing transaction fees. A single empty block does not indicate a network problem; concern is only warranted if it occurs repeatedly.
Arcium Launches ARX Token Airdrop Allocation Inquiry Portal
The crypto computing network Arcium launched its ARX token airdrop allocation inquiry portal. Wave 1 and Wave 2 activities are complete, all token allocation results are finalized, and claims will open at TGE. Some participants have been upgraded to Patrons.
Bittensor co-founder const released a decentralization roadmap. Currently, the economic incentive layer is still dominated by the core team, but ownership distribution is already decentralized. Future steps include promoting validator competition, opening two-way investment in liquidity pools, introducing a conviction mechanism to grant Alpha token holders voting rights, and fine-tuning the issuance distribution algorithm. Core mechanism construction is expected to be completed within a year and a half, achieving full decentralization.
Michael Saylor Posts Bitcoin Tracker Info Again, Possibly Disclosing Increased Holdings Next Week
Strategy founder Michael Saylor posted Bitcoin Tracker information again, with the caption "Looks better with more dots." Based on previous patterns, Strategy often discloses increased Bitcoin holdings the day after such posts.
Investment & Financing News
Singapore's Temasek continues to increase its artificial intelligence investments at a scale of approximately $75 billion, expanding its allocation to infrastructure, computing power, and the AI application ecosystem. Analysts believe such sovereign funds could become long-term capital stabilizers for the AI industry, continuously providing incremental capital amid cyclical fluctuations.
Views & Analysis
Analyst: Bitcoin Long-Term Holder Supply Approaching Levels Seen at Historical Bottoms
CryptoQuant analyst Axel Adler Jr. stated that Bitcoin's long-term holder realized supply is approaching historical bottom levels, currently at 12.17 million BTC, down from the cycle high of 12.42 million reached in early June, having more than doubled over the past year. However, the current level is still below previous bear market capitulation phases; a level above 15 million would be a stronger confirmation signal. The capitulation selling pressure indicator has not signaled for 1,256 consecutive days, the longest streak on record. The current market shows divergence: LTH supply is trending toward a bottom, but the absence of capitulation selling pressure for over three years means it is not a classic capitulation bottom. True bottom confirmation requires LTH supply to rise above 15 million BTC and a non-zero selling pressure signal to appear.
Analysis: Domestic Models Accelerate Iteration, Computing Power Prosperity Sustained
CryptoQuant analyst Axel Adler analyzed the risks of Strategy (MSTR), pointing out that it is essentially leveraged Bitcoin exposure accompanied by complex debt, preferred stock structures, potential dilution, and STRC pressure. With BTC currently below the average cost line of $75,656, STRC financing capacity has declined, and the company’s sale of 32 BTC breaks the "buy only, never sell" narrative, while share issuance brings dilution pressure. If BTC rebounds to $75,000–$80,000 and STRC recovers to par value, the financing model may resume; otherwise, MSTR will become a source of amplified BTC volatility risk.
10x Research analysis indicates that BlackRock’s Bitcoin yield-enhanced ETF BITA generates income by selling monthly call options, which may cause investors to underperform spot Bitcoin in most market environments. Its fixed-rule strategy can be unfavorable in rising, sideways, or falling markets, and Bitcoin’s high volatility stems from information asymmetry and a highly marketing-driven environment, making systematic strategies difficult to succeed.
Research by the Hong Kong Investor and Financial Education Council shows that virtual asset investors’ blind trend-following trading tendency scores have declined, and investment behavior is becoming more rational. The "follow the crowd but cherish oneself" type accounts for the highest proportion at 33.9%, mainly young women; the "trapped and won’t leave" type accounts for 25.5%, mostly mid-level professionals; the "confidently fight it out" type accounts for 22.2%, mainly highly educated men; and the "fear of missing out" type accounts for 18.4%, driven by FOMO sentiment.
Key Data
CryptoQuant analyst Darkfost noted that Bitcoin has fallen over 28% since May, with the Fear and Greed Index dropping below 10. Short-term holders net transferred over 80,000 BTC to Binance within 7 days, representing about $5 billion in selling pressure, second only to the historical record set in February. Short-term holders are highly sensitive to volatility and prone to emotional decision-making.
According to 8MarketCap data, SK Hynix’s market cap reached $1.336 trillion, surpassing Bitcoin’s total market cap of $1.281 trillion, rising to 16th in global asset market cap rankings, while Bitcoin fell to 18th.
The newly created wallet "0xaea" deposited 6.68 million USDC into Hyperliquid and opened 20x short positions: 430.64 BTC ($27 million), 181,245 SOL ($13 million), and 4,280 ETH ($7 million).
Whale "pension-usdt.eth" increased ETH short position to 50,000 ETH, worth $85.28 million
Whale "pension-usdt.eth" increased its 3x ETH short position to 50,000 ETH, worth $85.28 million, with unrealized profits exceeding $1.43 million.
Token Unlocks data shows that H, XPL, SAHARA and other tokens will undergo large unlocks next week: Humanity (H) will unlock approximately 266 million tokens on June 25, worth about $54.8 million; Plasma (XPL) will unlock approximately 88.89 million tokens on June 25, worth about $10.4 million; Sahara AI (SAHARA) will unlock approximately 1.03 billion tokens on June 26, worth about $14.8 million; MegaETH (MEGA) will unlock approximately 250 million tokens on June 23, worth about $13.5 million; Newton Protocol (NEWT) will unlock approximately 139 million tokens on June 24, worth about $7.6 million; MultiBank Group (MBG) will unlock approximately 27.15 million tokens on June 22, worth about $6 million.
James Wynn opens another 40x leveraged Bitcoin short position after liquidation
