News

Shenchao TechFlow news, June 22, according to on-chain analyst Onchain Lens (@OnchainLens) monitoring, whale "pension-usdt.eth" has increased its Ethereum triple short position to 50,000 ETH, with a notional value of approximately $85.28 million at current prices. Currently, the floating profit of this position has exceeded $1.43 million.

According to TechFlow news on June 22, HTX market data shows that BTC has broken through $64,000, currently trading at $64,021.00, with a 24-hour increase of 0.26%.

PANews, June 22 – According to Blockaid monitoring, Taiko’s ERC20 Vault on Ethereum was attacked, resulting in a loss exceeding $1 million. The root cause of the vulnerability lies in a flaw in the source signal proof verification of the Taiko cross-chain bridge, where a fabricated message proof was accepted as valid on Ethereum L1 without a corresponding legitimate MessageSent event on the Taiko source chain. This allowed the attacker to register and extract fraudulent cross-chain messages, thereby releasing assets from the ERC20 Vault without authorization.

PANews, June 22 – According to Onchain Lens monitoring, the whale "pension-usdt.eth" has increased its 3x ETH short position to 50,000 ETH, valued at $85.28 million, with an unrealized profit exceeding $1.43 million.

Shenzhen TechFlow news, June 21, according to HTX market data, BTC broke through $64,000 and is now reported at $64,003.61, with a 24-hour increase of 1.13%.

According to DeepFlow TechFlow News, on June 20, Cointelegraph reported that the European Commission launched a consultation on the MiCA 2.0 framework in May, focusing on under-covered areas such as stablecoins, DeFi, and prediction markets. Submissions are due by August 31, but the full legislative process is expected to continue until 2028.Coinbase Policy Director Katie Harries stated that MiCA sets an early global benchmark for EU digital asset regulation, and revisions should optimize euro stablecoin reserve rules and allow non-interest incentives. Notabene Compliance Director Catarina Veloso noted that if stablecoins are positioned as payment infrastructure, redemption, liquidity, and reserve management will become core regulatory concerns. The industry also calls for clear criteria for determining DeFi decentralization to balance innovation and compliance.

PANews, June 20 — Cross-chain protocol Axelar Network issued a statement regarding a recent security incident, clarifying that there are misunderstandings within the community. The Axelar Network itself and the IBC protocol were not attacked or compromised, and the affected token smart contract was not developed, deployed, or maintained by Axelar Network. The exploited contract is a forked version based on the CW20-ICS20 implementation, but the developer removed two core security checks, resulting in an “infinite minting” vulnerability. By deleting the verification mechanisms originally designed to prevent such issues, the fork altered the contract’s original trust model and did not undergo a new security audit. Axelar Network further explained that anyone can deploy contracts for cross-chain asset wrapping via IBC, and similar contracts are also used to wrap tokens from other chains onto Secret Network. This incident is not a unique logic flaw, nor is it a problem with the IBC protocol itself, but rather a security risk introduced by modifications to a third-party contract.

PANews, June 20 – According to on-chain data monitoring, the whale "pension-usdt.eth" has just opened another 3x leveraged ETH short position after closing all Ethereum short positions yesterday. The current position holds 871.3249 ETH, with a position value of approximately $1.5 million and a return on investment of 0.25%.

Shenchao TechFlow news, June 20th, according to HTX market data, ETH has fallen below $1,700, currently at $1,698.86, with a 24-hour increase of 0.98%.

TechFlow news, June 20th, according to HTX market data, BTC has dropped below $63,000 and is now trading at $62,985.97, with a 24-hour increase of 0.72%.