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Babylon Labs has initiated a temperature check proposal in the Aave community, proposing to integrate native Bitcoin as collateral on Aave V4 through the Babylon Trustless Bitcoin Vaults protocol.This solution does not require wrapping, cross-chain bridges, or custodians. Users will lock Bitcoin in Taproot UTXOs, and redemptions will be controlled by on-chain rules (such as loan repayments), settling directly to Bitcoin UTXOs. The proposal deploys two Aave V4 Spokes: Babylon Core Lending Spoke (lending) and BTC Vault Swap Spoke (post-liquidation settlement).Collateral exists in the form of vaultBTC, a transfer-restricted ERC-20 token that can only be transferred between fixed whitelisted addresses. In the liquidation process, liquidators can immediately settle with WBTC, and subsequent Bitcoin redemptions will be completed by arbitrageurs.

Toncoin announced that its bridge-v3 cross-chain bridge is scheduled to officially and permanently close on September 1, 2026. During the transition period before the closure, all proportionally charged cross-chain fees have been canceled, and users who have used the bridge are reminded to check their wallets as soon as possible and complete the withdrawal of any unprocessed or unrecovered assets before the deadline.If you hold Wrapped TON in Ethereum or BNB Smart Chain, you should rebridge to the TON network before the deadline. If you hold tokens such as jUSDT, jUSDC, jDAI, jWBTC, etc., you need to bridge back to the Ethereum network. Users must complete all asset migrations before the deadline to avoid assets being unable to operate across chains. After September 1, the cross-chain bridge will stop all transfer functions.

According to on-chain analyst PeckShield (@PeckShieldAlert), the attacker of the VerusCoin cross-chain bridge has returned 4,052.4 ETH (approximately $8.5 million) to the project team's address (0xF9AB...C1A74), which accounts for 75% of the total stolen amount. The remaining 25% (1,350 ETH, approximately $2.8 million) is retained in the attacker's wallet as a white hat bounty.

According to on-chain analyst PeckShield (@PeckShieldAlert), the VerusCoin cross-chain bridge attacker has returned 4,052.4 ETH (approximately 8.5 million USD) to the project team's address (0xF9AB...C1A74), accounting for 75% of the total stolen amount. The remaining 25% (1,350 ETH, approximately 2.8 million USD) is retained in the attacker's wallet as a white hat bounty.

According to Catcher Predict monitoring, in the predicted market Polymarket for the "Cavaliers vs. Knicks" event, the "Yes" option for the sub-market "Mikal Bridges: Rebounds O/U 0.5" has experienced a dramatic fluctuation in winning probability, soaring from 52.5% an hour ago to the current 72.5% (a fluctuation of 20%). Please note the impact of related breaking news.

According to Blockaid monitoring, the Map Protocol/Butter Network cross-chain bridge has been attacked on Ethereum and BSC. The attacker tricked the Butter Bridge V3.1 contract into directly minting approximately 100 trillion MAPO tokens to a newly created EOA address, which is about 480 million times the legitimate supply of 208 million tokens. Additionally, according to DeFi community YAM monitoring, the attacker has currently profited approximately 52.2 ETH (about $110,000). In response, MAP Protocol stated that the team is aware of the situation and is coordinating with external security partners to investigate and contain the issue. The bridging between MAPO ERC-20 and MAPO mainnet has been suspended. Please do not trade MAPO ERC-20 tokens on Uniswap at this time. During the event mitigation period, the liquidity pool remains at risk.Butter Network responded that ButterSwap has been suspended, and the team is coordinating with external security partners for the investigation. Pending transactions will be processed after security is restored. User funds are not at risk, and all affected transactions will be fully processed after recovery.

The TON Network expansion project TAC has disclosed that a security incident occurred with the TON-TAC asset bridge on May 11. Four days later, approximately 80% of the affected assets have been returned. TAC today released a post-incident analysis report detailing the events. The root cause of the vulnerability was a lack of a single verification in the sorter software: the attacker deployed a counterfeit Jetton wallet on TON, and the sorter accepted the counterfeit tokens because it did not verify the code hash of the sender's wallet. The total loss was approximately $2.86 million, involving USDT, BLUM, and tsTON. Following a public appeal, about 90% of the assets were returned to the multi-signature address controlled by TAC on May 14, with the remaining 10% retained by the attacker.The cross-chain bridge remains paused, awaiting independent review of the repaired sorter software by the auditing party and TON partners. Cross-chain operations will resume once the verification of the repaired software is completed and the gap is filled with recovered assets and TAC Foundation token reserves. Due to the need for multi-party coordination, a precise timeline cannot be provided. The remaining funding gap will be filled by the TAC Foundation treasury, ensuring that users and protocols incur no financial losses. TAC reminds users that official updates are only published through this account and Telegram, and any unsolicited "recovery" or "support" private messages are scams.

According to the South China Morning Post, the Secretary for Financial Services and the Treasury, Hui Ching-yu, stated that gold can serve as a potential bridge between traditional finance and new finance. Hong Kong needs to provide more development opportunities for the digital asset market to support its sustainable growth. He also mentioned that based on the trend of "integration" between traditional finance and innovative finance, Hong Kong has not chosen to establish an independent regulatory body for digital assets. Hui Ching-yu noted that both gold ETFs and blockchain-based tokenized gold products have emerged in the market simultaneously.Previously, HSBC and Hang Seng Investment launched Hong Kong's first tokenized non-listed Hang Seng Gold ETF category product on HashKey Exchange in April.

The DeFi lending protocol Alchemix announced the completion of its cross-chain infrastructure update. The old alUSD / alETH cross-chain bridge on Optimism and Arbitrum has officially been taken offline and replaced with a new cross-chain bridge compatible with v3 alchemist.Alchemix disclosed that it has synchronized the DVN (cross-chain transaction validation) configuration, maintaining a 2/3 multi-signature confirmation mechanism for cross-chain transactions, while introducing Deutsche Telekom as a validation service provider to enhance the reliability of the cross-chain validation infrastructure.

According to monitoring by Paitun, the Adshares cross-chain bridge attacker has returned 256 ETH to the project deployer's address, worth approximately $540,700, accounting for about 86% of the previously stolen funds.Previously, the Adshares cross-chain bridge was attacked on May 17, 2026, resulting in a loss of approximately $628,000.

PeckShield posted on platform X that from February to mid-May 2026, there have been at least 8 significant security incidents related to cross-chain bridges in the crypto industry, with attackers stealing approximately $328.6 million in assets from cross-chain protocols. PeckShield pointed out that cross-chain infrastructure remains a high-frequency target for hackers, and the associated risks continue to be highlighted in the context of the expansion of the multi-chain ecosystem.

According to Blockaid monitoring, its vulnerability detection system found that the Verus Ethereum cross-chain bridge (verus.io) is under attack, resulting in approximately $11.58 million in losses.

The TAC team announced that its cross-chain layer's TON side was exploited by external attackers, resulting in a loss of approximately $2.8 million, involving USDT, BLUM, and tsTON. TAC, TON, and all ERC-20 tokens bridged from Ethereum are unaffected. The bridging service remains suspended, and forensic analysis and repair work are ongoing. A complete report with more details will be released within the next 48 hours.The team is actively collaborating with law enforcement, SEAL 911, and security partners to track and freeze the stolen funds. The team stated that its core focus is to sell the foundation's TAC token reserves in a legally structured manner to compensate for user losses and fully restore bridging liquidity. Official channels will continue to update progress.

According to official news, Ondo Finance announced the introduction of tokenized stocks and ETFs to Hyperliquid's HyperEVM ecosystem via the LayerZero-based Ondo Bridge, bringing them from the BNB Chain and Ethereum. Currently, 35 types of tokenized assets support cross-chain transactions, including SPY on, QQQ on, NVDA on, TSLA on, GOOGL on, CRC on, NFLX on, BABA on, and more.Users can combine tokenized spot stocks with perpetual contracts on Hyperliquid to execute advanced trading strategies such as basis trading, funding rate arbitrage, and delta-neutral strategies. Ondo stated that its tokenized stocks do not rely on fragmented on-chain liquidity but are anchored to the underlying liquidity of traditional markets like NYSE and Nasdaq.Since its launch in September 2025, Ondo Global Markets has become the world's largest tokenized securities platform, with a total locked value (TVL) exceeding $970 million and a cumulative trading volume approaching $18 billion.

Syndicate stated on platform X that regarding the latest developments of the Syndicate bridge security incident, all affected SYND holders on the Commons Chain have received full compensation, along with an additional 15% of the total losses as compensation.The relevant amounts have been directly sent to the affected users' Base chain wallets, with the Gas fees covered by Syndicate Labs. The total compensation amounts to 12.901 million SYND, and no action is required through any claim page.

NASDAQ-listed Bitcoin mining company MARA Holdings has initiated a consent solicitation process for holders of its $600 million senior secured notes to amend certain covenant terms.MARA had previously signed an agreement on April 29 to acquire 100% of the parent company of Long Ridge. Since this transaction would trigger the "change of control" clause in the notes, it theoretically requires a cash buyback of all outstanding notes at 101% of the price. MARA is seeking the consent of noteholders to exclude this transaction from the definition of "change of control" and to designate MARA and its affiliates as "permitted holders."

According to Forbes, Bitcoin bulls have added a macro narrative. Ray Dalio, founder of Bridgewater Associates, warned that the $39 trillion debt crisis in the U.S. could lead to a long-term devaluation or even collapse of the dollar, while JPMorgan analysts believe that the market is witnessing a rotation from gold to Bitcoin in the currency devaluation trade.Dalio stated that the current annual spending in the U.S. is about $7 trillion, with revenues of only about $5 trillion, and the long-term fiscal deficit and debt expansion are nearing historically dangerous levels. He believes that during similar periods, fiat currencies tend to depreciate continuously, while gold benefits.Meanwhile, JPMorgan analyst Nikolaos Panigirtzoglou pointed out that as the conflict in Iran escalates, the inflow of funds into Bitcoin ETFs has continued to exceed that of gold ETFs, with some funds viewing Bitcoin as digital gold and a hedge against dollar devaluation.The report mentioned that since the outbreak of the U.S.-Iran conflict, the price of Bitcoin has risen by about 30%, although it is still below the historical high of $126,000 in 2025. Notable investors, including Stanley Druckenmiller and Elon Musk, have also expressed concerns about the long-term status of the dollar as a reserve currency.

According to market news, Nasdaq-listed Bitcoin mining company MARA Holdings has initiated a holder consent solicitation process regarding Long Ridge Energy's $600 million senior secured notes to amend the relevant covenant terms.MARA had previously signed an agreement on April 29 to acquire 100% of the parent company of Long Ridge. Since this transaction would trigger the "change of control" clause in the notes, it theoretically requires a cash buyback of all outstanding notes at 101% of the price. MARA is seeking the consent of the noteholders to exclude this transaction from the definition of "change of control" and to list MARA and its affiliates as "permitted holders."

According to Catcher Predict monitoring, in the predicted market event "Knicks vs. 76ers" on Polymarket, the "Yes" option for the sub-market "Mikal Bridges: Rebounds O/U 2.5" has experienced a sharp fluctuation in win rate, rising from 57.5% an hour ago to the current 73% (a fluctuation of 15.5%). Please note the impact of related breaking news.

According to market news, Ben O'Neill, the head of cash flow at Bridge, stated at the Consensus conference that the dominance of Tether and Circle in the stablecoin market is generally detrimental to the growth of the entire industry. He pointed out that the design choices of these two major issuers have their pros and cons, but they are not suitable for all use cases.Tether has built a dollar shadow economy independent of the U.S. financial system, while Circle's USDC follows a regulated route in the U.S. and deeply engages in DeFi. O'Neill analyzed the shortcomings of both companies from the perspective of large payment companies: Tether's redemption fee of 10 basis points is too expensive for payment companies, while Circle's continuous increase in destruction fees has a net negative impact on companies like Visa that want to handle trillions of dollars in card settlements.He believes that more stablecoins need to be built and optimized for specific use cases in the coming years, while the role of clearinghouses will rise to make exchanges between stablecoins as efficient as possible. He warned that more competition is needed; otherwise, Tether and Circle will only continue to raise fees and not share profits, making stablecoins increasingly less like money.