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On June 21, crypto analyst Murphy stated that from the chart below, it is clear that for preferred shares to be breached, BTC would need to drop to $26,000; to breach debt, it would need to fall to $8,000... In fact, there is currently no repayment crisis for preferred shares. Similar product SATA has remained stable above $99 this week. The fact that SATA has not depegged while STRC has indicates that the selling pressure is more directed at Strategy rather than a design flaw of these tools themselves. Therefore, this situation resembles a repricing of leverage and credit, compounded by the depletion of cash reserves and the amplification of initial sell signals leading to liquidity tightening; it is by no means a liquidation crisis. Strategy is still far from forced liquidation; it is simply that the flywheel has indeed stopped turning at the current price. The future price path of BTC will determine whether this is merely a halftime break or the beginning of a downward spiral. However, comparing STRC's depegging to the previous cycle's UST depegging and LUNA collapse is clearly an overreaction. If BTC's price rebounds, equity ATMs reopen, and the flywheel can restart; it can also use common stock to cover dividends and rebuild cash reserves, thereby addressing the most dangerous factor behind STRC's discount.

[Analyst: Strategy is Far from Forced Liquidation, Comparing STRC's Depegging to UST's and LUNA's Collapse is Excessive]On June 21, crypto analyst Murphy stated that from the chart below, it is clear that for preferred shares to be breached, BTC would need to drop to $26,000; to breach debt, it would need to fall to $8,000... In fact, there is currently no repayment crisis for preferred shares. Similar product SATA has remained stable above $99 this week. The fact that SATA has not depegged while STRC has indicates that the selling pressure is more directed at Strategy rather than a design flaw of these tools themselves. Therefore, this situation resembles a repricing of leverage and credit, compounded by the depletion of cash reserves and the amplification of initial sell signals leading to liquidity tightening; it is by no means a liquidation crisis. Strategy is still far from forced liquidation; it is simply that the flywheel has indeed stopped turning at the current price. The future price path of BTC will determine whether this is merely a halftime break or the beginning of a downward spiral. However, comparing STRC's depegging to the previous cycle's UST depegging and LUNA collapse is clearly an overreaction. If BTC's price rebounds, equity ATMs reopen, and the flywheel can restart; it can also use common stock to cover dividends and rebuild cash reserves, thereby addressing the most dangerous factor behind STRC's discount.

Analyst: Strategy is Far from Forced Liquidation, Comparing STRC's Depegging to UST's and LUNA's Collapse is Excessive

On June 21, U.S. media reported that ongoing military operations against Iran are placing significant pressure on the U.S. defense budget and ammunition stockpiles. According to the Wall Street Journal, citing informed sources, the internal estimates from the Department of Defense suggest that the war and related expenditures may have approached or reached $80 billion, warning that if spending continues to expand, the Pentagon could face a risk of operational funding shortfalls this summer, necessitating emergency supplemental appropriations from Congress. The report noted that this funding gap has not yet formed a formal budget request but has been mentioned in communications between senior officials at the Department of Defense and Congress. A former Department of Defense financial official stated that early estimates were around $29 billion, but actual costs could be significantly higher. Meanwhile, the conflict has also been noted to significantly deplete critical U.S. ammunition stockpiles, including THAAD and Patriot interceptors. Several research institutions have analyzed that the U.S. has consumed a considerable portion of the relevant stockpiles, with some models having replenishment cycles lasting several years, raising concerns about military supply capabilities. Additionally, the new round of defense authorization legislation being advanced by Congress is expected to exceed $1 trillion, including billions in appropriations for Israeli defense systems and cooperative projects, sparking ongoing discussions about the structure of U.S. global military spending and resource allocation.

[US Media: Iran War Draining Pentagon Funds, Could Raise Defense Spending to $80 Billion]On June 21, U.S. media reported that ongoing military operations against Iran are placing significant pressure on the U.S. defense budget and ammunition stockpiles. According to the Wall Street Journal, citing informed sources, the internal estimates from the Department of Defense suggest that the war and related expenditures may have approached or reached $80 billion, warning that if spending continues to expand, the Pentagon could face a risk of operational funding shortfalls this summer, necessitating emergency supplemental appropriations from Congress. The report noted that this funding gap has not yet formed a formal budget request but has been mentioned in communications between senior officials at the Department of Defense and Congress. A former Department of Defense financial official stated that early estimates were around $29 billion, but actual costs could be significantly higher. Meanwhile, the conflict has also been noted to significantly deplete critical U.S. ammunition stockpiles, including THAAD and Patriot interceptors. Several research institutions have analyzed that the U.S. has consumed a considerable portion of the relevant stockpiles, with some models having replenishment cycles lasting several years, raising concerns about military supply capabilities. Additionally, the new round of defense authorization legislation being advanced by Congress is expected to exceed $1 trillion, including billions in appropriations for Israeli defense systems and cooperative projects, sparking ongoing discussions about the structure of U.S. global military spending and resource allocation.

US Media: Iran War Draining Pentagon Funds, Could Raise Defense Spending to $80 Billion

On June 21, blockchain research firm Common Prefix revealed that hackers exploited a vulnerability in the Secret Network and Axelar cross-chain bridge contract on June 10. They forged deposits and minted uncollateralized tokens, subsequently cashing out approximately $4.67 million. The attack went undetected for seven days until a normal cross-chain transfer failed due to insufficient funds in the escrow account on June 17, which exposed the anomaly. The root of the vulnerability lies in the contract's transition from an escrow model to a minting model, during which two key functions responsible for verifying the source of transfers were deleted. Additionally, the contract has never undergone an external audit since its deployment in early 2023. Secret Network pointed out that the Axelar bridging infrastructure failed to trigger any effective anomaly detection or emergency pause mechanism before the assets were stolen on a large scale. The stolen funds were routed through Osmosis to Ethereum and exchanged for ETH on CoW Protocol, then dispersed to exchanges such as KuCoin, ChangeNow, and HitBTC. Currently, approximately $672,000 remains in the attackers' Axelar wallet. Secret Network has requested Axelar to freeze this address, but the request was denied. Axelar emphasized that its core protocol was never affected and that the exploited contract was not developed or maintained by Axelar. Axelar has since disabled the related cross-chain connections and stated that it is coordinating with exchanges and law enforcement agencies for follow-up.

[Secret Network Loses $4.67 Million Due to Cross-Chain Vulnerability, Attack Undetected for Seven Days]On June 21, blockchain research firm Common Prefix revealed that hackers exploited a vulnerability in the Secret Network and Axelar cross-chain bridge contract on June 10. They forged deposits and minted uncollateralized tokens, subsequently cashing out approximately $4.67 million. The attack went undetected for seven days until a normal cross-chain transfer failed due to insufficient funds in the escrow account on June 17, which exposed the anomaly. The root of the vulnerability lies in the contract's transition from an escrow model to a minting model, during which two key functions responsible for verifying the source of transfers were deleted. Additionally, the contract has never undergone an external audit since its deployment in early 2023. Secret Network pointed out that the Axelar bridging infrastructure failed to trigger any effective anomaly detection or emergency pause mechanism before the assets were stolen on a large scale. The stolen funds were routed through Osmosis to Ethereum and exchanged for ETH on CoW Protocol, then dispersed to exchanges such as KuCoin, ChangeNow, and HitBTC. Currently, approximately $672,000 remains in the attackers' Axelar wallet. Secret Network has requested Axelar to freeze this address, but the request was denied. Axelar emphasized that its core protocol was never affected and that the exploited contract was not developed or maintained by Axelar. Axelar has since disabled the related cross-chain connections and stated that it is coordinating with exchanges and law enforcement agencies for follow-up.

Secret Network Loses $4.67 Million Due to Cross-Chain Vulnerability, Attack Undetected for Seven Days

On June 21, The Wall Street Journal's investigation revealed that many 'users making huge profits' videos circulating on social media from the prediction market platform Polymarket are not genuine. Some of the content is produced by paid creators who attract user attention and participation in the prediction market through fabricated profit screenshots and exaggerated trading achievements. The report states that such content has been widely disseminated on platforms like TikTok, Instagram, and YouTube, creating the impression that ordinary users can easily earn substantial profits by betting on politics, sports, and trending events, while the reality is significantly different from the promotion. The investigation shows that most users have not achieved considerable profits, and some popular cases are entirely fictional. Polymarket deliberately targets US users for promotional marketing through simulated trading demonstrations and fake profit videos. Meanwhile, the platform has also hired the marketing company 'Virality' to specifically manage influencer promotion activities, which are reportedly aimed directly at US users. Previously, Polymarket avoided regulatory restrictions by not providing services to US users, and if the aforementioned report is accurate, it may indicate that the platform has long operated in a legal gray area in the United States.

[WSJ: Polymarket Accused of Violating Marketing Regulations with False Trades and Fake Profit Videos Targeting US Users]On June 21, The Wall Street Journal's investigation revealed that many 'users making huge profits' videos circulating on social media from the prediction market platform Polymarket are not genuine. Some of the content is produced by paid creators who attract user attention and participation in the prediction market through fabricated profit screenshots and exaggerated trading achievements. The report states that such content has been widely disseminated on platforms like TikTok, Instagram, and YouTube, creating the impression that ordinary users can easily earn substantial profits by betting on politics, sports, and trending events, while the reality is significantly different from the promotion. The investigation shows that most users have not achieved considerable profits, and some popular cases are entirely fictional. Polymarket deliberately targets US users for promotional marketing through simulated trading demonstrations and fake profit videos. Meanwhile, the platform has also hired the marketing company 'Virality' to specifically manage influencer promotion activities, which are reportedly aimed directly at US users. Previously, Polymarket avoided regulatory restrictions by not providing services to US users, and if the aforementioned report is accurate, it may indicate that the platform has long operated in a legal gray area in the United States.

WSJ: Polymarket Accused of Violating Marketing Regulations with False Trades and Fake Profit Videos Targeting US Users

HTX data monitoring shows that UNI has fallen below 3 USDT, currently reported at 3 USDT, with a 24H decline of 1.58%.

【UNI falls below 3 USDT】HTX data monitoring shows that UNI has fallen below 3 USDT, currently reported at 3 USDT, with a 24H decline of 1.58%.

UNI falls below 3 USDT

On June 21, market data shows a widespread surge in GameFi tokens, including: AXS currently priced at $1.25, with a 24-hour increase of 26.1%; SAND currently priced at $0.06349, with a 24-hour increase of 22.7%; MANA currently priced at $0.08094, with a 24-hour increase of 20.3%; GALA currently priced at $0.002749, with a 24-hour increase of 7.6%. The market is highly volatile, so please ensure proper risk management.

[GameFi Tokens Surge, AXS Rises 26.1% in 24 Hours]On June 21, market data shows a widespread surge in GameFi tokens, including: AXS currently priced at $1.25, with a 24-hour increase of 26.1%; SAND currently priced at $0.06349, with a 24-hour increase of 22.7%; MANA currently priced at $0.08094, with a 24-hour increase of 20.3%; GALA currently priced at $0.002749, with a 24-hour increase of 7.6%. The market is highly volatile, so please ensure proper risk management.

GameFi Tokens Surge, AXS Rises 26.1% in 24 Hours

On June 21, the well-known MEV bot Jaredfromsubway.eth, which has long dominated Ethereum sandwich attacks, fell victim to hackers exploiting vulnerabilities in automated execution systems, resulting in losses exceeding $7.5 million. Security firm Blockaid stated that this incident was not a traditional phishing attack or a smart contract vulnerability, but rather a 'reverse MEV honeypot attack' specifically targeting the decision-making logic of MEV bots. Over several weeks, attackers deployed 66 fake token contracts and fraudulent liquidity pools, mimicking assets like WETH, USDC, and USDT, luring the bot into executing seemingly profitable trades and granting control to auxiliary contracts managed by the attackers. Ultimately, the attackers invoked all backdoors in a single transaction, transferring assets such as ETH, USDC, and USDT from the bot's address. Previous institutional statistics indicated that between November 2024 and October 2025, there would be approximately 60,000 to 90,000 sandwich attacks on the Ethereum network each month, with about 70% related to Jaredfromsubway.eth. Ethereum co-founder Vitalik Buterin also faced a similar attack from this bot when he made a DigitalBits exchange worth about $2 in May this year.

[Famous MEV Bot Jaredfromsubway.eth Suffers Reverse Attack, Loss Exceeds $7.5 Million]On June 21, the well-known MEV bot Jaredfromsubway.eth, which has long dominated Ethereum sandwich attacks, fell victim to hackers exploiting vulnerabilities in automated execution systems, resulting in losses exceeding $7.5 million. Security firm Blockaid stated that this incident was not a traditional phishing attack or a smart contract vulnerability, but rather a 'reverse MEV honeypot attack' specifically targeting the decision-making logic of MEV bots. Over several weeks, attackers deployed 66 fake token contracts and fraudulent liquidity pools, mimicking assets like WETH, USDC, and USDT, luring the bot into executing seemingly profitable trades and granting control to auxiliary contracts managed by the attackers. Ultimately, the attackers invoked all backdoors in a single transaction, transferring assets such as ETH, USDC, and USDT from the bot's address. Previous institutional statistics indicated that between November 2024 and October 2025, there would be approximately 60,000 to 90,000 sandwich attacks on the Ethereum network each month, with about 70% related to Jaredfromsubway.eth. Ethereum co-founder Vitalik Buterin also faced a similar attack from this bot when he made a DigitalBits exchange worth about $2 in May this year.

Famous MEV Bot Jaredfromsubway.eth Suffers Reverse Attack, Loss Exceeds $7.5 Million

On June 21, the situation in the Middle East was as follows: An advisor to Iran's Supreme Leader stated that if relevant agreements remain merely on paper, the flow of energy in the Middle East will continue to be obstructed. The Iranian Revolutionary Guard Navy announced the closure of the Strait of Hormuz to navigation and demanded that vessels stay away from the area. In response, the US Central Command stated that Iran does not control the Strait of Hormuz. Trump claimed that Iran has been 'completely defeated' and that the US is no longer weak. On the Israeli side, the military reported receiving orders for a ceasefire in Lebanon but will continue operations within the so-called 'security zone,' emphasizing its commitment to the ceasefire agreement. Meanwhile, the Israeli military launched airstrikes on Gaza City and southern Lebanon, resulting in at least 21 deaths. The Lebanese Armed Forces, Hezbollah, and the military condemned the ongoing Israeli attacks, accusing Israel of violating the ceasefire and undermining national stability. On the diplomatic front, US-Iran negotiations continue to advance. US Vice President Pence is en route to Switzerland to participate in the talks, focusing on Iran's nuclear issue and the ceasefire in Lebanon. The Iranian delegation has arrived in Switzerland, and Iran's Foreign Minister previously met with Pakistan's Interior Minister, with sources indicating that the Prime Minister and Chief of Army Staff of Pakistan will also travel to Switzerland. Additionally, foreign ministers from Egypt, Saudi Arabia, and Turkey held talks with senior US officials, while the residence of the Speaker of the Iraqi National Assembly was attacked by a drone.

[Middle East Tensions Escalate as Iran Claims Closure of Strait of Hormuz; US-Iran Delegations Head to Switzerland for Talks]On June 21, the situation in the Middle East was as follows: An advisor to Iran's Supreme Leader stated that if relevant agreements remain merely on paper, the flow of energy in the Middle East will continue to be obstructed. The Iranian Revolutionary Guard Navy announced the closure of the Strait of Hormuz to navigation and demanded that vessels stay away from the area. In response, the US Central Command stated that Iran does not control the Strait of Hormuz. Trump claimed that Iran has been 'completely defeated' and that the US is no longer weak. On the Israeli side, the military reported receiving orders for a ceasefire in Lebanon but will continue operations within the so-called 'security zone,' emphasizing its commitment to the ceasefire agreement. Meanwhile, the Israeli military launched airstrikes on Gaza City and southern Lebanon, resulting in at least 21 deaths. The Lebanese Armed Forces, Hezbollah, and the military condemned the ongoing Israeli attacks, accusing Israel of violating the ceasefire and undermining national stability. On the diplomatic front, US-Iran negotiations continue to advance. US Vice President Pence is en route to Switzerland to participate in the talks, focusing on Iran's nuclear issue and the ceasefire in Lebanon. The Iranian delegation has arrived in Switzerland, and Iran's Foreign Minister previously met with Pakistan's Interior Minister, with sources indicating that the Prime Minister and Chief of Army Staff of Pakistan will also travel to Switzerland. Additionally, foreign ministers from Egypt, Saudi Arabia, and Turkey held talks with senior US officials, while the residence of the Speaker of the Iraqi National Assembly was attacked by a drone.

Middle East Tensions Escalate as Iran Claims Closure of Strait of Hormuz; US-Iran Delegations Head to Switzerland for Talks

On June 21, the situation in the Middle East was as follows: An advisor to Iran's Supreme Leader stated that if relevant agreements remain merely on paper, the flow of energy in the Middle East will continue to be obstructed. The Iranian Revolutionary Guard Navy announced that the Strait of Hormuz has been closed to navigation and urged vessels to stay away from the area. In response, the US Central Command stated that Iran does not control the Strait of Hormuz. Trump claimed that Iran has been 'completely defeated' and that the US is no longer weak. On the Israeli side, the military reported receiving instructions to cease fire in Lebanon but will continue operations within the so-called 'security zone,' emphasizing its commitment to the ceasefire agreement. Meanwhile, the Israeli military launched airstrikes on Gaza City and southern Lebanon, resulting in at least 21 deaths. The Lebanese Armed Forces, Hezbollah, and the military condemned the ongoing Israeli attacks, accusing Israel of undermining the ceasefire and destabilizing the country. On the diplomatic front, US-Iran negotiations are progressing. US Vice President Pence is heading to Switzerland to participate in the talks, focusing on Iran's nuclear issues and the ceasefire in Lebanon. The Iranian delegation has arrived in Switzerland, and Iran's Foreign Minister previously met with the Pakistani Interior Minister, with sources indicating that the Pakistani Prime Minister and Chief of Army Staff will also travel to Switzerland. Additionally, foreign ministers from Egypt, Saudi Arabia, and Turkey held talks with senior US officials, while the residence of the Speaker of the Iraqi National Assembly was attacked by a drone.

[Middle East Tensions Escalate as Iran Claims Closure of Strait of Hormuz; US-Iran Delegations Head to Switzerland for Talks]On June 21, the situation in the Middle East was as follows: An advisor to Iran's Supreme Leader stated that if relevant agreements remain merely on paper, the flow of energy in the Middle East will continue to be obstructed. The Iranian Revolutionary Guard Navy announced that the Strait of Hormuz has been closed to navigation and urged vessels to stay away from the area. In response, the US Central Command stated that Iran does not control the Strait of Hormuz. Trump claimed that Iran has been 'completely defeated' and that the US is no longer weak. On the Israeli side, the military reported receiving instructions to cease fire in Lebanon but will continue operations within the so-called 'security zone,' emphasizing its commitment to the ceasefire agreement. Meanwhile, the Israeli military launched airstrikes on Gaza City and southern Lebanon, resulting in at least 21 deaths. The Lebanese Armed Forces, Hezbollah, and the military condemned the ongoing Israeli attacks, accusing Israel of undermining the ceasefire and destabilizing the country. On the diplomatic front, US-Iran negotiations are progressing. US Vice President Pence is heading to Switzerland to participate in the talks, focusing on Iran's nuclear issues and the ceasefire in Lebanon. The Iranian delegation has arrived in Switzerland, and Iran's Foreign Minister previously met with the Pakistani Interior Minister, with sources indicating that the Pakistani Prime Minister and Chief of Army Staff will also travel to Switzerland. Additionally, foreign ministers from Egypt, Saudi Arabia, and Turkey held talks with senior US officials, while the residence of the Speaker of the Iraqi National Assembly was attacked by a drone.

Прокуратура Восточного округа Калифорнии обвинила основателя фирмы Crypto-Pal 53-летнего Дэниела Чартроу (Daniel Chartraw) в обмане инвесторов, организации фиктивных бизнес-проектов и мошенничестве с криптовалютами на $1 млн.

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