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Treasury Sanctions Three Individuals and Six Entities for Routing Crypto to ISIS
Regulation & Politics

Treasury Sanctions Three Individuals and Six Entities for Routing Crypto to ISIS

OFAC designated three financial facilitators and six money service businesses across Europe, Syria, Turkey, and Nigeria for moving funds to ISIS and its West Africa affiliate using crypto, including two TRON addresses tied to a French national.
Synthetix Governance Votes to Retire sUSD, Pay Holders in Vested SNX
DeFi

Synthetix Governance Votes to Retire sUSD, Pay Holders in Vested SNX

Synthetix governance has moved to retire sUSD entirely under SIP-423, introduced June 12. The proposal would freeze the stablecoin contract and pay all holders back at face value in vested SNX at a conversion of four SNX per sUSD. A companion SIP-424 covering technical implementation is pending.
Baillie Gifford Launches UK-Regulated Tokenized Bond Fund on Solana and Ethereum With BNY
TradFi & Fintech

Baillie Gifford Launches UK-Regulated Tokenized Bond Fund on Solana and Ethereum With BNY

Scottish asset manager Baillie Gifford has launched BAGEY, the first publicly available, fully native UK-regulated tokenized bond fund, with BNY providing custody and wallet infrastructure across Solana and Ethereum.
Micron Stock Goes On-Chain 48 Hours Before Earnings as Backpack Securities Lists $MU on Solana
DeFi

Micron Stock Goes On-Chain 48 Hours Before Earnings as Backpack Securities Lists $MU on Solana

Sunrise and Backpack Securities tokenized Micron Technology ($MU) stock on Solana on Monday, landing the asset on-chain 48 hours before the chipmaker's fiscal Q3 earnings report. Each MU token is backed 1:1 by a real share held in custody and redeemable through Backpack Exchange into a traditional brokerage account.
Taiko Bridge Drained $1.7M After SGX Signing Key Left Exposed on GitHub
Hacks

Taiko Bridge Drained $1.7M After SGX Signing Key Left Exposed on GitHub

An attacker forged withdrawal proofs using an RSA-3072 private key accidentally committed to Taiko’s public raiko GitHub repository, draining $1.7 million from L1 bridge contracts and forcing the protocol to halt block production and urge all users to exit.
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.