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SlowMist founder Cos said losses from the SecondFi wallet exploit could exceed $20 million. Cos said an address believed to belong to the hacker stole about 129 million ADA and other cryptocurrencies.

SecondFi Wallet Exploit Losses Could Top $20M, SlowMist Founder Says

World Cup Predictions: 100,000 USDT Daily

World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX ChallengeChainlink is moving further into traditional finance research by j

HTX Invites You to Share 600K USDT in Gift Packs

BTC Prophet: 20-Day 380 Million HTX Challenge

Chainlink is moving further into traditional finance research by joining a new cross-border working group focused on using stablecoins for foreign exchange (FX) settlement. The effort—announced alongside South Korean and European banking networks—targets how tokenized euro and won stablecoins could be exchanged via direct “atomic swap” mechanisms.

On Tuesday, Chainlink introduced Project Pangea with South Korean digital infrastructure firm FairSquareLab, the Unified Korea Alliance (UniKA)—a consortium that includes more than a dozen Korean commercial banks—and Qivalis, a euro stablecoin consortium backed by 37 European banks. The project is designed as a collaboration to evaluate settlement workflows rather than a consumer payment product.

Key takeaways

Project Pangea brings European and South Korean institutions together to test stablecoin-based FX settlement.

The working group centers on direct, atomic swaps between euro- and won-denominated stablecoins.

Chainlink will contribute its data infrastructure, while FairSquareLab will support onchain FX settlement technology.

The initiative reflects a broader shift toward stablecoins in wholesale settlement and corporate use cases, not just retail payments.

What Project Pangea is trying to prove

According to Chainlink, Project Pangea aims to connect participants across Europe and South Korea to assess whether direct exchange of stablecoins—specifically, euro- and South Korean won-denominated tokens—can be performed in an atomic manner. “Atomic swaps” generally refer to settlement designs where both sides of an exchange occur together, reducing exposure to time lags that can exist when payments and asset transfers are not synchronized.

Chainlink’s role in the collaboration is described around its data infrastructure, while FairSquareLab is expected to provide the onchain for

Chainlink is moving further into traditional finan

On June 24, the Cardano ecosystem project SecondFi announced on social media that the team has identified the root cause of a recent security incident. The issue originated from their own Cardano netw

Slow Mist: SecondFi's Stolen Funds May Exceed $20 Million

GMX chatter is bullish/excited (though low engagement), focused on DAO incentives and trading setups. On May 29, a DAO proposal outlined ending a contributor allocation and milestone-based GMX tranche

On June 24, official news from Sonic Labs stated that Fantom Opera will not be closing at the end of this month and will continue to operate at least until the end of this year. The cross-chain bridge

Sonic Labs: Fantom Opera to Operate at Least Until Year-End with New Management Appointments

Why is Crypto Crashing Hard Today? BTC, ETH and XRP Fall 5% Crypto markets are in freefall on Monday, and for once the selling has nothing to do with anything specific to digital assets. Bitcoin fell 

Why is Crypto Crashing Hard Today? BTC, ETH and XRP Fall 5%

Crypto markets are in freefall on Monday, and for once the selling has nothing to do with anything specific to digital assets. Bitcoin fell to $62,400, down 4% on the day, Ethereum dropped 5.45% to $1,657 and XRP slid 4.36% to $1.09.

The total crypto market cap shed nearly $86 billion in 24 hours to sit at $2.14 trillion, with the Fear and Greed Index at 20 as selling accelerated across every major asset class simultaneously.

This is not a crypto story, it is a global liquidity story, and crypto is simply the most visible casualty.

South Korea Triggered a Circuit Breaker Again

The session’s most dramatic moment came from Seoul, where South Korea’s Kospi crashed 10% and triggered a circuit breaker for the second time this month. Samsung and SK Hynix both fell more than 12% after a local media report revealed that SK Hynix is slowing expansion of its newest AI memory chip and shifting focus to a lower-priced commodity-grade chip to cover a production shortfall.

Quarter-End Rebalancing Is Adding Pressure

JPMorgan warned this week that quarter-end rebalancing could force up to $165 billion in equity selling worldwide through June 30. Large pension funds and sovereign wealth funds are required to rebalance back to fixed stock-to-bond targets after a strong run in equities, and that mechanical selling is happening right now across global markets. The window does not close until the end of the month.

The Fed Is Not Helping

Nine of the Federal Reserve’s 19 policymakers are projecting at least one rate hike this year, and markets are now pricing a 70% probability of a hike by September. That single shift in expectations raises the cost of holding risk assets across the board. Crypto, which now shows a 97% correlation with the S&P 500, is feeling that repricing as directly as any equity index.


2026 World Cup Posting Challenge on HTX Square

HTX  Creation Challenge — Post and Win 1,500U 💥

Why is Crypto Crashing Hard Today? BTC, ETH and XR

BitcoinWorldEuro Slips Against Japanese Yen as German Manufacturing PMI Stalls in June The euro weakened against the Japanese yen during Tuesday’s trading session after data revealed that Germany’s Ma

Euro Slips Against Japanese Yen As German Manufacturing PMI Stalls in June

HTXCommunity4thAnniversary

XRP's recent price movement underscores the complex interplay between macroeconomic factors and digital asset trading. As of the latest trading session, XRP opened at $1.12472, reached a high of $1.12

On June 24, Bank of America released a report stating that the visibility of AI demand in the semiconductor industry has extended to 2028, raising its global semiconductor market size forecast to $2.7

Bank of America: AI Demand Visibility Extended to 2028, Limited Risk of Storage Chip Oversupply

On June 24, according to monitoring by Blockaid, the Yield Yak website experienced a front-end attack. The website's subdomain currently contains elevendrainer code. This attack method is similar to t

Yield Yak Website Suffers Front-End Attack

Bull is coming... Downfall before huge pump

Bull is coming... Downfall before huge pump<br /><br />

Ethereum Advances Glamsterdam Upgrade Ahead of Planned 2026 Launch

Bernstein Report: Agentic AI Will Transform CPU from Supporting Role to Leading Role, Bullish on Hygon Information

Cursor's New 1.5T Model Abandons Kimi Foundation, $60 Billion Stock Swap for Cursor, Musk's First Move Targets Microsoft's GitHub

3B Small Model's Programming Scores Rival Opus 4.5, Mysterious Model Sparks Heated Discussion, Turns Out to be Domestic

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Ethereum Q1 Report: On-chain Activity Hits Record High, Tokenized Assets Lead the Industry

Intel CEO Liwu Chen's First Podcast Interview: Our Goal is '10x in 5-10 Years', Betting on Advanced Packaging, Glass Substrate, and Synthetic Diamond

Optical Chips: Collective Capacity Expansion

Google's AI Talent Loss: A Stress Test or a Prelude to an 'Obituary'?

Japan's AI Dark Horse Emerges: How a 7B Small Model Challenges Fable and Mythos?

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