In order to further standardize the management of virtual currencies involved in the case, the Legal Affairs Corps of the Beijing Municipal Public Security Bureau and the Beijing Equity Exchange (hereinafter referred to as "BEE") have explored a new cooperative mechanism for the disposal of virtual currencies involved in the case.

According to Cointelegraph, Cetus Protocol, a decentralized exchange native to the Sui blockchain, is transitioning to an open-source model following a significant security breach in May that resulted in a $220 million exploit. The attack, which occurred on May 22, exploited a flaw in the pricing mechanism, allowing the attacker to drain tokens from the exchange's major liquidity pools. In response, Cetus managed to freeze $162 million of the stolen funds shortly after the incident. Prior to the attack, Cetus had been experiencing a surge in trade volume, with over $5 billion recorded in both April and May, despite the shutdown following the exploit. In a Medium post dated June 7, the Cetus team announced their move towards becoming fully open-sourced, introducing a new white bounty program aimed at encouraging collective technical and security contributions. As part of their relaunch efforts, the team worked tirelessly to patch the software vulnerability, restore pool data to accurate pricing, and conduct comprehensive security audits on all code fixes and contract upgrades. To replenish the affected liquidity pools, Cetus utilized a combination of $7 million in cash reserves, a $30 million USDC loan from the Sui Foundation, and some of the recovered assets from the attacker. However, not all pools were fully restored, with recovery rates ranging from 85% to 99%, depending on the extent of the drain during the attack. In an effort to compensate affected users, Cetus has allocated 15% of its native token supply, CETUS, for a compensation plan. This includes 5% available immediately and 10% to be unlocked linearly over the next year, starting June 10. Despite the relaunch, the CETUS token has seen a decline, dropping over 12% in the last 24 hours to trade at $0.11, as reported by CoinGecko. The protocol is also planning to enhance its monitoring system and conduct additional security audits. Legal actions are underway, with proceedings launched in multiple jurisdictions and law enforcement agencies actively involved. Cetus remains confident in the eventual recovery of the remaining assets, despite the attacker's attempts to launder the stolen funds. The day after the hack, Cetus had offered a white hat bounty of up to $6 million to the exploiter for the return of the stolen 20,920 Ether and the $162 million in frozen funds on the Sui blockchain.

Currently, the total market value of global stablecoins has exceeded US$250 billion, of which USDT and USDC together account for 86% of the market share. This is why Circle repeatedly adjusted its opening price on the eve of its IPO because the market is much hotter than expected.

A16Z, investment, venture capital, why do top venture capital firms NFX and a16z say "speed is the new moat"? Golden Finance, have you ever thought that entrepreneurship may have completely changed?

Odaily Planet Daily News According to SoSoValue data, some sectors of the crypto market rebounded slightly, with the PayFi sector rising 2.52% in 24 hours. Within the sector, XRP rose 3.14%, and Keeta (KTA) regained its upward momentum, rising 17.80%. In addition, Bitcoin (BTC) fluctuated sideways around $105,000, and Ethereum (ETH) fell 1.05%, falling below $2,500. In other sectors, the RWA sector rose 1.14% in 24 hours, the Layer1 sector rose 0.24%, and within the sector, Solana (SOL) and Avalanche (AVAX) rose 1.30% and 1.61% respectively; the CeFi sector rose 0.08%, Hyperliquid (HYPE), OKB, and Cronos (CRO) rose 1.16%, 1.25%, and 1.28% respectively; the DeFi sector fell 0.84%, the Meme sector fell 1.21%, and Bonk (BONK) and SPX6900 (SPX) rose against the trend by 1.68% and 4.17% respectively; the Layer2 sector fell 1.73%. The crypto sector index reflecting the historical market conditions of the sector shows that the ssiPayFi, ssiMAG7, and ssiCeFi indexes fell 2.64%, 0.19%, and 0.09% in 24 hours respectively.

Affected Cetus liquidity pools were replenished using a combination of recovered funds, cash reserves, and a $30 million USDC loan. source: https://cointelegraph.com/news/sui-dex-restarts-plots-open-source-move-after-massive-exploit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

9-6-2025 – Nasdaq has put forth a compelling proposal to the U. S. Securities and Exchange Commission (SEC) on 7 June 2025. The initiative seeks to broaden the scope of the Hashdex Nasdaq Crypto Index ETF (NCIQ) by incorporating a quartet of prominent digital assets: XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) source: https://www.cointrackdaily.com/nasdaq-seeks-sec-approval-to-add-xrp-sol-ada-and-xlm-to-crypto-index-etf/

Odaily Planet Daily News According to Lookonchain monitoring, the address 0xda3c completed 8 perpetual contract transactions on HYPE, all of which were profitable, earning a total of $1.95 million. In addition, it purchased 1.21 million HYPE at a price of about $4.3 million 6 months ago, and the current market value is $42.2 million. Today, it sold 131,137 HYPE (US$4.7 million), and there are still 605,000 (US$21.3 million) pledged.

9-6-2025 – The U. S. Department of Justice (DOJ) has confiscated $7. 74 million in cryptocurrency tied to an elaborate North Korean scheme designed to evade sanctions and fuel the regime’s clandestine weapons programmes source: https://www.cointrackdaily.com/u-s-seizes-7-74m-in-crypto-from-north-korean-sanctions-evasion-scheme/

Odaily Planet Daily News Musk posted a screenshot on X, forwarding US President Trump's remarks on the "real social" platform. Trump said that California Governor Gavin Newsom and Mayor Bass should apologize to the people of Los Angeles for their poor performance, including the ongoing Los Angeles riots. These people are not protesters, but troublemakers and insurgents. Remember, don't wear a mask.

According to PANews, a report from CITIC Securities highlights the rapid growth and increasing legitimacy of cryptocurrencies, noting their strong privacy features and resistance to inflation. As the demand for cryptocurrencies grows, they are forming a stable base similar to gold, influencing speculative pricing dynamics. However, in the short term, due to insufficient monetization and high-risk preferences among marginal price setters, cryptocurrencies exhibit stronger speculative characteristics. In the medium to long term, both cryptocurrencies and gold are expected to benefit from trends such as de-globalization and de-dollarization, which contribute to their monetization. While the "future gold" may not necessarily include Bitcoin, it is likely to involve cryptocurrencies. In the short term, cryptocurrencies may benefit from potential regulatory easing during U.S. President Donald Trump's tenure, although this is contingent on the certainty of trade and foreign policy decisions.

Odaily Planet Daily News CITIC Securities Research Report stated that cryptocurrencies have good privacy and anti-inflation, have grown rapidly since their birth, and are gradually becoming formal assets. As the rigid demand for cryptocurrencies expands, a pattern of rigid demand support and speculative pricing similar to gold is formed. However, in the short term, due to insufficient monetization and high risk appetite of marginal pricers, cryptocurrencies are more speculative. In the medium and long term, it is expected that both cryptocurrencies and gold will benefit from the monetization brought about by deglobalization and de-dollarization. "Future gold" does not necessarily include Bitcoin, but there is a high probability that there will be cryptocurrencies. In the short term, cryptocurrencies are expected to benefit from possible regulatory relaxation during Trump's term, but they need to wait for the certainty of trade and foreign policy. (Jinshi)

Leading cryptocurrencies were little changed Sunday ahead of the trade negotiations between officials of U. S. and China in London. source: https://www.benzinga.com/crypto/cryptocurrency/25/06/45830330/bitcoin-dogecoin-flat-ethereum-dips-ahead-of-us-china-trade-talks-106000-an-elevator-toward-a-new-btc-all-time-high-says-analyst?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

Austria is one of the earliest countries in the European Union to carry out cryptocurrency tax reforms. This article will review Austria’s cryptocurrency tax system and the latest regulatory developments.

Virtual currency arbitrage refers to a strategy of buying high and selling low by taking advantage of the price differences between different exchanges or trading pairs. Its core is to complete the buying and selling of the same subject in a very short time and achieve risk-free or low-risk returns through fast transactions.

On 9 June, the SEC will host a roundtable to explore how DeFi aligns with current regulations, focusing on tokenisation, custody, and market integrity. The event aims to balance innovation with compliance, with input from the public and industry leaders like SegMint and BlackRock.

From personal RMB accounts to smart contract stablecoins, Hong Kong is changing, the world is changing, and the path of RMB internationalization is also changing accordingly.

Golden Finance launches the 2719th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

Will Yield-generating Stablecoins Become the Next Killer App for Massive Adoption by Web2 Users?

Bitcoin has Saylor, Ethereum has Joe Lubin.