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On June 23, Josh Rosenthal, Senior Partner at Polychain, announced in a post, "After nearly 5 years at Polychain Capital, I have decided to leave. I feel fortunate to have witnessed the birth and grow

Polychain Senior Partner Josh Rosenthal Announces Departure

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$RARE COMPLETES LIQUIDITY SWEEP AT KEY SUPPORT ZONE 🎯 Entry: 0.01245 - 0.01255 🔥 Target: 0.01280, 0.01300, 0.01330 🚀 Stop Loss: 0.01230 ⚠️ $RARE has successfully cleared local sell-side liquidity, res

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World Cup Predictions: 100,000 USDT DailyFormer BIS chief softens stance on stablecoins, backs coexistence with fiat Agustín Carstens, former general manager of the Bank for International Settlements 

Former BIS chief softens stance on stablecoins, backs coexistence with fiat
Agustín Carstens, former general manager of the Bank for International Settlements (BIS) and a member of the Global Finance & Technology Network's international advisory board, praised stablecoins for their ability to promote financial inclusion and innovation.

“I have come to appreciate what stablecoins can do to promote financial innovation, inclusion and to reduce costs,” said Carstens during a welcome address at Point Zero Forum on Tuesday. “We should try to establish conditions where we can live with fiat money and stablecoins.”

The remarks reflected a softer stance on stablecoins than Carstens took during his time at the BIS, when he was among the most prominent crypto critics. In a January 2022 speech, he said that stablecoins may not function as “sound money” because issuers have incentives to invest reserve assets in a “risky manner” to generate returns.

In one of his final speeches as BIS general manager in June 2025, Carstens also warned that stablecoins could emerge as a source of liquidity risk and still fell short of the three key tests money must fulfill to serve society.
Agustín Carstens during a livestreamed welcome address at the Point Zero Forum. Source: Point Zero Forum

While Carstens has taken a more favorable view of stablecoins, current BIS officials have remained critical of their role in the broader financial system.

Carstens’ successor and current BIS general manager, Pablo Hernández de Cos, said in April that the stablecoin market remains “small” and that its structural features constrain its ability to function as money.

The BIS reiterated that view in a preview released Tuesday ahead of its Annual Economic Report 2026, arguing that current stablecoin designs fall short of key properties that underpin trust in money and warning that widespread adoption could create challenges for financial stability, bank funding an

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Former BIS chief softens stance on stablecoins, ba

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World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX ChallengeTaiko has urged users to withdraw funds from all bridges deployed 

Taiko has urged users to withdraw funds from all bridges deployed on its network after confirming a compromise of its chain state verification mechanism. 






Summary






Taiko urged users to withdraw bridge funds after confirming a chain verification mechanism compromise.



Blockaid said flawed source-signal proof checks enabled unauthorized releases from Taiko’s ERC20 Vault on Ethereum.



Taiko also stopped proposers from producing blocks and asked exchanges to suspend TAIKO deposits immediately.








The Ethereum Layer 2 project said the security assumptions behind its bridge system could no longer be relied upon.



The notice followed alerts from blockchain security firm Blockaid, which said its exploit detection system found an ongoing attack on Taiko’s ERC20 Vault on Ethereum. Blockaid put losses at more than $1 million and shared the victim contract, attacker wallet and exploit transactions.




⚠️ Security NoticeWe have confirmed a compromise of Taiko’s chain state verification mechanism. As a result, the security assumptions of all bridges deployed on Taiko can no longer be relied upon.We are actively coordinating with the Security Council and ecosystem partners to…— Taiko.eth 🥁 (@taikoxyz) June 22, 2026













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Blockaid said the likely root cause was a flaw in Taiko bridge source-signal proof validation. The firm said crafted message proofs were accepted as valid on Ethereum L1 even though there were no matching legitimate “MessageSent” events on the Taiko source chain.




The root cause appears to be a flaw in Taiko bridge source-signal proof validation. Crafted message proofs were accepted as valid on Ethereum L1 without corresponding legitimate MessageSent eve

Taiko has urged users to withdraw funds from all b

@OpenGradient We used to debug systems by observing what broke. Now I find myself inferring systems by noticing what never appears broken. But even that thought feels slightly unstable as I write it, 

Solana’s 30-day Open Interest change is about to turn positive. The last two times this happened, SOL moved slightly higher, but a sharp drop followed afterward. A real liquidity hunt often happens across exchanges. Also, when the monthly Open Interest change jumped by more than $2B compared to the previous month, the price marked local tops. In some cases, it did not even need to surpass that level. Once this metric stays positive for a few days, some strategic selling to buy back lower later may be a good strategy. Keep an eye on it!

Solana’s 30-day Open Interest change is about to turn positive. The last two times this happened, SOL moved slightly higher, but a sharp drop followed afterward. A real liquidity hunt often happens across exchanges. Also, when the monthly Open Interest change jumped by more than $2B compared to the previous month, the price marked local tops. In some cases, it did not even need to surpass that level. Once this metric stays positive for a few days, some strategic selling to buy back lower later may be a good strategy. Keep an eye on it! <div><img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/2026-06/16a0af51a6a74159b3b765ec23086b29.jpg" alt="" /></div>

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