Latest

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.



