protocol

The founder of Slow Fog, Yu Xian, stated that the attack Asterix encountered is similar to that of Flooring Protocol and BMP yesterday (the underlying protocols are DN404 and BT404), with high-level NFT ID displacement operations overflowing and being reused. It seems the attackers are looking for common vulnerabilities.It is reported that Asterix disclosed an attack incident affecting the ASTX token contract yesterday, stating that its Uniswap v4 liquidity pool was attacked on June 8, with attackers stealing approximately 30 ETH through 242 transactions. The vulnerability originated from a lack of token ID restriction checks on approval operations in an early version of DN404. Attackers exploited the outdated token approval to repeatedly sell tokens in the pool to obtain ETH, and then extracted equivalent tokens through forged IDs, leading to a cycle that drained the funds.Smart contracts are immutable and cannot be patched. The team advises users to stop interacting with the current pool and tokens and is planning to migrate to deploy secure tokens. The team suspects that the attackers used a jailbroken AI tool for fuzz testing to discover unconventional logic paths.

According to Onchain Lens monitoring, addresses associated with Humanity Protocol have been stolen for over $31,000,000. The theft is still ongoing, and hackers are exchanging H tokens for ETH.

According to on-chain analyst Specter, wallets associated with or interacting with Humanity Protocol are being hacked. Currently, more than 17 wallets holding H tokens have been stolen, with total losses exceeding $19 million.The reason for the theft is still unclear, but the attack pattern suggests that the affected wallets may share a common risk exposure related to Humanity Protocol.

Felix protocol co-founder Charlie disclosed on the X platform that Felix's HIP-3 DEX and all spot markets will begin closing on June 19 and will be completed by June 20. All traders must close their active positions before this date.The Felix team reviewed and pointed out that competitor TradeXYZ successfully established a growth flywheel and dominated the market due to its earlier launch, pricing in USDC (instead of Felix's USDH), rapid market expansion, and the brand effect of airdrops. Although Felix was the first to launch in markets like OIL, GOLD, and SILVER and recorded approximately $3 billion in trading volume, it was ultimately surpassed by TradeXYZ.Felix stated that closing the DEX will not affect the lending and spot stock business, and the team will continue to focus on upgrading and iterating on the aforementioned core products.

Yuga Labs CEO Michael Figge posted on the X platform that his team has just completed a white hat operation on a vulnerability found in the Flooring Protocol. The following assets are now safely held by Yuga Labs: 29 Bored Apes, 4 Mutant Apes, 1 BAKC, 2 CryptoPunks, 1 Azuki, 2 Elementals; 26 Captains, 1 Moonbird, 2 Doodles.Team Vice President @0xQuit recovered these assets, and @coffeedev discovered that the same vulnerability posed a greater risk to other Flooring collectible series (such as BAYC and CryptoPunks). Figge instructed GrailsOTC trading desk to advance funds and NFTs to rescue the at-risk assets from the protocol. The team will work with the protocol developers to return the assets.

Humanity Protocol ($H) recently announced that its Staking feature has officially launched on Humanity Chain. According to the official announcement, this staking event has set a total initial reward pool of 30M $H, which, based on the recent peak of $H, has a total value of approximately 28M USD, open to long-term participants in the ecosystem.The launch of this Staking feature occurs against the backdrop of a rapid increase in trading activity for H. Previously, H recorded high trading volumes on exchanges such as Bithumb and Bybit, and in some trading scenarios, it was directly compared to Worldcoin (WLD). The introduction of the Staking feature is also seen as a further step by Humanity Protocol to enhance long-term holding stickiness, consolidate on-chain liquidity, and promote the construction of the Humanity Chain ecosystem.Two major Humanity Chain staking pools are open, with a maximum APR reaching 10,658%.According to the information on the event page, the Humanity Chain Staking primarily sets up two staking pools.Among them, the 6-month staking pool is configured with 10M $H rewards; the 4-year staking pool is configured with 20M $H rewards. Users can choose the corresponding staking plan based on their different needs for lock-up periods and liquidity.At the beginning of the event, the staking page showed that the maximum APR once reached 10,658%. Since the staking yield will dynamically change with the number of participants, total staking scale, and reward distribution, the actual APR will be based on real-time data from the event page.In terms of participation, users can transfer assets to the Humanity Chain wallet through exchanges that support native H, or they can transfer assets from the ETH chain to Humanity Chain via the official cross-chain bridge to participate in staking.Rewards are distributed according to the proportion of staking, and the ecological transaction fee sharing is expected to be released simultaneously.This staking reward will be allocated based on the user's asset proportion in the corresponding staking pool. In other words, the proportion of the user's staking scale to the total staking scale in the pool will directly affect their share of the rewards.In addition to the fixed reward pool, the official also mentioned that users participating in Staking will have the opportunity to share in the transaction fee income generated by validators and verification services within the Humanity Protocol ecosystem in the future. This means that Staking is not just a short-term incentive activity but is also tied to the subsequent verification services, ecosystem usage, and on-chain economic model of Humanity Chain.From a market perspective, the launch of the 30M $H reward pool provides holders with a new on-chain income entry point while also helping to convert some circulating chips into long-term staking positions. As the Humanity Chain mainnet ecosystem gradually advances, Staking may become an important step for H to transition from trading heat to on-chain ecosystem consolidation.

According to monitoring by Lookonchain, a total of 343,075 ETH in DeFi protocols are at risk of liquidation, valued at $547 million.Among them, 46,741 ETH will be liquidated at $1,565.72, 58,032 ETH will be liquidated at $1,555.04, 100,394 ETH will be liquidated at $1,426.31, and 137,908 ETH will be liquidated at $1,361.73.

According to a post by on-chain detective ZachXBT, the prediction market project Rain Protocol ($RAIN), with a market capitalization of approximately $8.8 billion, is facing serious risks. ZachXBT discovered through tracking on-chain addresses that the funding sources of the RAIN team are linked to the Gems hot wallet, and the related addresses had previously transferred funds for failed projects DOP and TOMI, suggesting potential team overlap.TOMI, DOP, and Sirin Labs can all be traced back to the controversial Israeli businessman Moshe Hogeg, who was arrested in 2021 for crypto fraud and was charged by police in 2023 for allegedly being involved in a $290 million crypto scam. Additionally, the price of the RAIN token appears to be subject to on-chain manipulation, with its TVL almost entirely composed of its own native token, which has extremely poor liquidity, and annual fee income of only about $1 million.The launchpad Gems.vip, which incubated several of the aforementioned projects, is reportedly preparing for a new round of presales for the Kai Platform, while the whereabouts of the $162 million raised by DOP remain unclear, with ongoing complaints from retail investors.

The stablecoin apxUSD, issued by the Apyx protocol and primarily collateralized by Strategy preferred stock STRC, briefly depegged during the time Bitcoin fell below $63,000, dropping to a low of $0.93. Apyx stated that this fluctuation was not a vulnerability but rather an expected performance of the preferred stock collateralized stablecoin. Since the reserve assets of apxUSD are mainly composed of STRC preferred stock with a face value of $100, when STRC falls below its face value in the secondary market, the market value of the reserve assets will decrease, leading to price fluctuations in the stablecoin.The protocol claims that its stability mechanism includes over-collateralization, a dividend adjustment mechanism, and cash and short-term U.S. Treasury reserves as a buffer. Data shows that since last August, STRC has fallen below its face value four times, but has ultimately returned to $100 each time. In response to market concerns about a chain liquidation in the Morpho lending market, Apyx stated that its core apyUSD/apxUSD market primarily relies on the accumulation of dividend income rather than the spot price of STRC, so related fluctuations will not trigger large-scale liquidations.

Bitget's compliant RWA issuance platform Reality announced a partnership with the U.S. registered brokerage and self-clearing agency Alpaca. According to the cooperation details, Alpaca will provide brokerage infrastructure support for Reality, assisting it in accessing U.S. stocks and ETF tokenized products within a regulated market framework, covering key aspects such as clearing, custody, and trade execution.Founded in 2015, Alpaca is a developer-first brokerage infrastructure company, with Alpaca Clearing being a FINRA registered broker-dealer and SIPC member, focusing on the custody and clearing of underlying assets. Through this partnership, Reality will further enhance its underlying infrastructure capabilities for tokenized U.S. stocks and ETF products, providing a more standardized and transparent access method for eligible global users.Bitget CEO Gracy Chen stated that Reality is a key part of Bitget UEX's panoramic exchange strategy, aiming to connect traditional financial assets with on-chain infrastructure in a more pragmatic way. Alpaca co-founder and CEO Yoshi Yokokawa expressed his pleasure in partnering with Reality to jointly promote the development of tokenized stock infrastructure, further enhancing the accessibility of global financial services.

Layer 1 blockchain Tempo proposed TIP-1061, a native multi-signature account proposal, aiming to introduce multi-signature as a native account type at the protocol layer, allowing multi-signature control without the need to deploy smart contract wallets like Safe.This solution supports M/N multi-signature, weighted multi-signature, as well as Secp256k1, P256, and WebAuthn signatures, and allows for subsequent adjustments of members and permissions while keeping the account address unchanged. This proposal is primarily aimed at scenarios involving DAOs, institutions, and validators, and is currently still in the draft stage.

Morpho officially released the "Morpho Midnight White Paper," announcing the launch of a new non-custodial protocol designed specifically for the fixed-rate, fixed-term credit market. At the same time, the complete codebase of Midnight has been open-sourced, and developers can access it directly through GitHub.

Ethereum co-founder Vitalik Buterin recommended the Interfold project, stating, "More people should learn about Interfold, which is a general implementation of the MACI (Minimal Anti-Collusion Infrastructure) concept that I have been advocating for nearly a decade. This project is essentially a privacy protocol optimized for scenarios such as voting and secret auctions, allowing more people to pay attention to and understand this technological advancement."Vitalik also mentioned that the core mechanisms of Interfold include generating threshold encryption keys, users submitting votes on-chain with ZKP (Zero-Knowledge Proof) credentials, and threshold decryption after arbitrary computation in Fully Homomorphic Encryption (FHE), which can achieve unconditional voter anonymity, Ethereum-level censorship resistance, and ZK over FHE ensuring result correctness, among other strong security guarantees. The current main limitation is the high cost of complex computations (such as multiplication), with only addition-based voting being mature, and optimizations like slashing-based approaches are being advanced, with a long-term goal of implementing obfuscation techniques to eliminate M-of-N committee dependency.

Bitget announced the launch of a licensed financial protocol called Reality, focused on the tokenization of real-world assets (RWA). The issued tokenized stocks (rTokens) are strictly pegged 1:1 to the underlying U.S. stocks, with assets held by a FINRA-registered, SIPC-protected U.S. brokerage, and real-time reserve proof provided through third-party independent audits. By directly accessing liquidity pools of U.S. stocks such as Nasdaq and NYSE, Reality's stock tokens can achieve liquidity on par with traditional brokers; at the same time, stock dividends will be distributed to user accounts in token form 1:1, while cash dividends will be automatically converted and issued as USDT. Stock splits and mergers will also be reflected in real-time on-chain tokens, closely aligning with the experience of holding U.S. stocks.In addition, the U.S. stock tokens launched by Reality are deeply integrated into the Bitget ecosystem, serving as margin for unified accounts and compatible with core product lines such as grid trading, signal following systems, and staking and lending.Bitget CEO Gracy Chen previously proposed the "10% vision": currently, tokenized stocks account for only 0.1% of the $125 trillion global stock market, and she predicts that this proportion will rise to nearly 10% by 2030. Reality is built on this trend, initially focusing on U.S. stocks, with plans to expand asset classes in the future, promoting Bitget's UEX strategy to extend to a broader global financial asset access layer.

The cross-chain routing protocol Squid stated on platform X that the SquidRouterModule involved in the attack disclosed by Blockaid was neither developed, deployed, nor operated by Squid, but rather a third-party Gnosis Safe module that chose to integrate with protocols like Squid, with no prior connection between the two parties.Squid indicated that this third-party module has a vulnerability that accepts a fixed string provided by the caller as message security verification. The attacker exploited this string, which is publicly visible in the verified code of the contract, to execute arbitrary call data and steal funds. Squid's own routing contract (0xce16F) is architecturally completely different from this module and is unaffected; user funds, authorizations, and integrations are all secure.

Aave founder and CEO Stani Kulechov tweeted that the valuation of DeFi lending protocols should not primarily refer to TVL, as it measures net collateral rather than lending activity. Comparing data from the end of 2025, Aave's supply scale is about $52 billion, active loans about $22 billion, loan interest flow over $700 million, and DAO retention about $150 million; SoFi has deposits of about $37.5 billion, a loan book of about $38 billion, loan income of about $1.8 billion, and net profit of about $481 million.Stani stated that in traditional finance, deposits are liabilities or capital costs, and loans are interest-bearing assets, with lenders typically assessing based on the loan book, interest income, interest spread, and asset growth; however, the DeFi market mainly focuses on TVL and DAO retention fees. He believes that Aave is closer to over $700 million in lending business under a traditional financial accounting framework, rather than a $150 million revenue protocol; TVL is not the revenue basis for lending protocols, but the loan book and interest flow are the core.

According to Cointelegraph, the Ethereum Foundation has recently faced criticism from the community for selling ETH, unstaking, and having limited public communication. However, blockchain researcher and investor William Mougayar defended it in a post, stating that the outside world has long misunderstood the Foundation's positioning. ETH, the Ethereum network, and the Ethereum Foundation itself are three different aspects: ETH is an asset, Ethereum is a shared computing infrastructure, and the Foundation is a non-profit organization responsible for promoting protocol development, one of its goals even being "to make the founders gradually less important." The Ethereum Foundation is currently on a "subtraction path," strengthening the network by promoting protocol upgrades, funding underlying research, and reducing its own centralized influence.

Uniswap's governance proposal aims to extend the protocol fee collection and burning infrastructure to BNB Chain and Polygon, and to complete the fee activation process on Celo that was not executed due to a configuration error.The proposal includes: setting the fee receiving address for the V2 protocol on BNB Chain, Polygon, and Celo to TokenJar, and designating the V3 Factory owner on the relevant chains as V3OpenFeeAdapter; additionally, Celo will transfer the feeToSetter role and V4 PoolManager ownership to CrossChainAccount.The proposal states that fees from each chain will be aggregated into the corresponding TokenJar, and then UNI will be bridged back to the Ethereum mainnet and sent to the burn address.

According to CoinMarketCap data, the performance of the top 100 cryptocurrencies by market capitalization is as follows: Top five gainers: NEAR Protocol (NEAR) up 21.14%, current price $2.20; Worldcoin (WLD) up 12.39%, current price $0.2947; Artificial Superintelligence Alliance (FET) up 9.05%, current price $0.2105; Quant (QNT) up 8.76%, current price $79.28; Celestia (TIA) up 8.74%, current price $0.445.