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Secret Network's Axelar Bridge Drained $4.67M via Infinite-Mint Flaw
Hacks

Secret Network's Axelar Bridge Drained $4.67M via Infinite-Mint Flaw

Secret Network's cross-chain bridge to Axelar has been suspended after an attacker exploited a years-old minting flaw in a CW20-ICS20 contract to drain $4.67 million in wrapped tokens over seven undetected days. The exploit ran from June 10 to June 17, drained seven Axelar-wrapped assets, and has sparked a dispute between the two teams over contract responsibility.
CFTC Opens Comment on 24/7 Energy Futures and Perpetual Oil Contracts
Regulation & Politics

CFTC Opens Comment on 24/7 Energy Futures and Perpetual Oil Contracts

The CFTC issued a request for comment on running standard futures around the clock and on perpetual contracts referencing physically delivered energy commodities such as crude oil, extending the perpetual-contract model from crypto into oil and gas derivatives.
a16z-Backed Goldfinch Finance Winds Down After Originating $100M in Loans
DeFi

a16z-Backed Goldfinch Finance Winds Down After Originating $100M in Loans

Warbler Labs posted an official governance proposal on June 12 to wind down Goldfinch Prime and move the protocol to maintenance mode. A Snapshot vote is passing 100% in favor. Depositors face a two-or-more-year recovery horizon as GFI trades 99.8% below its January 2022 all-time high.
Chainlink Brings Samsung, Toyota and Sony Pricing On-Chain With APAC Equities Streams
DeFi

Chainlink Brings Samsung, Toyota and Sony Pricing On-Chain With APAC Equities Streams

Chainlink launched APAC Equities Streams on Monday, putting live pricing for large-cap Asian companies on-chain to power equity perps, prediction markets and structured products in Asian time zones.
Aztec Reaches L2Beat Stage 2 After Governance Revokes Rollup Contract Ownership
Blockchains

Aztec Reaches L2Beat Stage 2 After Governance Revokes Rollup Contract Ownership

On-chain governance stripped admin control over Aztec's rollup contract, freezing the code in place and clearing the technical bar for L2Beat's top decentralization tier.
NYSE Parent ICE and OKX Form 50-50 Joint Venture for Tokenized Equities, Co-Chaired by Andrew Cuomo
TradFi & Fintech

NYSE Parent ICE and OKX Form 50-50 Joint Venture for Tokenized Equities, Co-Chaired by Andrew Cuomo

Intercontinental Exchange and OKX will build a U.S. broker-dealer to route OKX's customers into NYSE tokenized equities and ICE futures, pending regulatory approval.
Ethereum Foundation’s Interim ED Lays Out Execution Plan: MEV Elimination, Default Privacy, ETH Pay
Blockchains

Ethereum Foundation’s Interim ED Lays Out Execution Plan: MEV Elimination, Default Privacy, ETH Pay

Bastian Aue, the Ethereum Foundation’s interim executive director, outlined how EF will implement its new mandate: treating MEV extraction as a structural threat, making privacy a protocol default, and moving EF compensation into ETH and Ethereum-native stablecoins.
Five Former EF Researchers Launch Ethlabs, an Independent Non-Profit R&D Lab for Ethereum
People

Five Former EF Researchers Launch Ethlabs, an Independent Non-Profit R&D Lab for Ethereum

Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma have launched Ethlabs, an independent non-profit R&D lab backed by Bitmine, Sharplink, and Consensys founder Joe Lubin, with a thesis that Ethereum will become the universal onchain settlement layer.
Franklin Templeton Closes 250 Digital Acquisition, Launches Franklin Crypto for Institutional Allocators
TradFi & Fintech

Franklin Templeton Closes 250 Digital Acquisition, Launches Franklin Crypto for Institutional Allocators

The $1.78 trillion asset manager stands up a dedicated institutional crypto unit, extending a platform that already includes the BENJI tokenized money-market fund and a proposed pair of dividend-into-bitcoin ETFs.
WSJ: $1.9M in Fake Bets Propped Up Polymarket Creator Videos
DeFi

WSJ: $1.9M in Fake Bets Propped Up Polymarket Creator Videos

A Wall Street Journal investigation found that roughly $1.9 million in bets shown across more than 1,100 creator videos promoting Polymarket were not real, part of a paid influencer program in which creators filmed fake trades on dummy versions of the platform.