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Crypto News, June 22: Jared from Subway Big Exploit and Its Legal Battle, UK Advances Stablecoin Regulations, Polymarket Accused of Fake Betting Crypto markets woke up to pure chaos this Monday, and t

Crypto News, June 22: Jared from Subway Big Exploit and Its Legal Battle, UK Advances Stablecoin Regulations, Polymarket Accused of Fake Betting

Crypto markets woke up to pure chaos this Monday, and the Jared from Subway exploit, advancing UK stablecoin regulation, and Polymarket allegations are among the biggest crypto news stories dominating every feed. The hunter has become the hunted, regulators finally admitted they overreached, and one prediction market alleged for staging its own success.

Fresh developments are still landing this morning, and the biggest story rocking on-chain right now involves the infamous Jared from Subway MEV bot. After years of sandwiching traders and raking in millions, the bot got drained for $15 million over the weekend.

What’s interesting is that the attacker didn’t hack any smart contract code; it simply tricked the bot’s automated logic with fake tokens and liquidity pools that appeared to be profitable MEV opportunities. Once the approvals were granted, the funds in WETH, USDC, and USDT disappeared in a classic counter-MEV honeypot play.

Just this morning, Jared from Subway dropped an on-chain message offering a 50% white-hat bounty if the attacker returns 2,150 ETH within 48 hours. Otherwise, they threatened to pursue every legal and law enforcement remedy available.

Now, can Jared from Subway actually pursue this in court? Sandwich attacks sit in a legal gray zone because they exploit public mempool data. That’s why Jared from Subway was able to operate so openly for years. The extractor’s move, however, looks more like fraud, using deceptive contracts to trick the bot into granting approvals it would never have given.

The bounty-plus-legal-threat approach makes practical sense with permanent on-chain evidence, and if the attacker tries to cash out on centralized exchanges, KYC could eventually link identities.

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Crypto News, June 22: Jared from Subway Big Exploi

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$XPL I'm fading $XPL here, man. Price is below that descending trendline connecting the swing lows. Honestly, the series of lower highs and lower lows keeps confirming the bearish run. Plus, that last

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Bank of America Predicts Three Fed Rate Hikes as Inflation Persists HTX Creation Challenge — Post and Win 1,500U 💥World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift Pa

Bank of America Predicts Three Fed Rate Hikes as Inflation Persists


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Walter Bloomberg said on X that Bank of America now expects the Federal Reserve to raise interest rates three times this year, a significant shift from its earlier view that rates would stay unchanged. The bank said stronger economic data, stubborn inflation, and recent comments from Fed Chair Kevin Warsh led to the revised forecast.

Bank of America expects the Fed to increase rates by a quarter percentage point in September, October, and December. If those hikes happen, the benchmark rate would rise to between 4.25% and 4.5%, up from the current range of 3.5% to 3.75%.

Bank of America Predicts Three Fed Rate Hikes as I

The U.S. Treasury's OFAC designated three individuals and six entities on June 22 for facilitating ISIS financial transactions. The network used money service businesses and cryptocurrency across Euro

Treasury Sanctions Nine Parties for Routing Crypto to ISIS

World Cup Predictions: 100,000 USDT Daily2026 World Cup Posting Challenge on HTX SquareHTXCommunity4thAnniversaryBTC as Market Tests $65KBitcoin is back near the $65,000 zone, but the market is still 

BTC as Market Tests $65KBitcoin is back near the $65,000 zone, but the market is still far from euphoric. After days of mixed signals, ETF pressure, geopolitical uncertainty, and cautious altcoin moves, Michael Saylor's Strategy has once again stepped in with another Bitcoin purchase.

Strategy added 520 $BTC for around $35 million, bringing its total holdings to 847,363 $BTC. The latest buy comes as Bitcoin trades close to $65K, raising an important question for investors: is Saylor buying the bottom, or is Bitcoin still at risk of another rejection?

BTC as Market Tests $65KBitcoin is back near the $

Ethereum recruits top researchers as Joe Lubin backs Ethlabs Ethereum has added a new independent research organization backed by Joe Lubin, Bitmine, and Sharplink, bringing together five former Ether

Ethereum recruits top researchers as Joe Lubin backs Ethlabs

Ethereum has added a new independent research organization backed by Joe Lubin, Bitmine, and Sharplink, bringing together five former Ethereum Foundation researchers.

According to an announcement from Ethlabs, the newly launched nonprofit research group has secured support from Bitmine, Sharplink, Anchorage, Octant, SNZ, and other Ethereum ecosystem participants.

The organization did not disclose how much funding it has received.

Founded by former senior Ethereum Foundation researchers Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz Schilling, Josh Rudolf, and Julian Ma, Ethlabs has been created as an independent institution focused on technical research for the Ethereum network. The group said its work will cover areas including settlement speed, network capacity, native asset issuance, cross-chain interoperability and Ethereum’s monetary design.

The launch comes as Ethereum’s development ecosystem increasingly relies on independent organizations alongside the Ethereum Foundation.

Ethlabs said the structure gives researchers a dedicated home with long-term funding while allowing them to continue working on core protocol issues.

Ethlabs focuses on infrastructure needed by institutions
Among its founding members are researchers who have previously contributed to Ethereum’s work on scaling, finality, data availability, protocol economics, and virtual machine development.

In a statement accompanying the launch, executive director Ansgar Dietrichs said Ethlabs was established to advance Ethereum’s core technology and support infrastructure used by institutions, developers and autonomous AI systems.#HTX  Creation Challenge — Post and Win 1,500U 💥 



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Ethereum recruits top researchers as Joe Lubin bac

World Cup Predictions: 100,000 USDT Daily2026 World Cup Posting Challenge on HTX SquareHTXCommunity4thAnniversaryEthereum recruits top researchers as Joe Lubin backs EthlabsEthereum has added a new in

Ethereum recruits top researchers as Joe Lubin backs EthlabsEthereum has added a new independent research organization backed by Joe Lubin, Bitmine, and Sharplink, bringing together five former Ethereum Foundation researchers.

According to an announcement from Ethlabs, the newly launched nonprofit research group has secured support from Bitmine, Sharplink, Anchorage, Octant, SNZ, and other Ethereum ecosystem participants.

The organization did not disclose how much funding it has received.

Founded by former senior Ethereum Foundation researchers Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz Schilling, Josh Rudolf, and Julian Ma, Ethlabs has been created as an independent institution focused on technical research for the Ethereum network. The group said its work will cover areas including settlement speed, network capacity, native asset issuance, cross-chain interoperability and Ethereum's monetary design.

The launch comes as Ethereum's development ecosystem increasingly relies on independent organizations alongside the Ethereum Foundation.

Ethlabs said the structure gives researchers a dedicated home with long-term funding while allowing them to continue working on core protocol issues.

Ethlabs focuses on infrastructure needed by institutions

World Cup Predictions: 100,000 USDT DailyBTC Prophet: 20-Day 380 Million HTX ChallengeHTX Creation Challenge — Post and Win 1,500U 💥 Classical Shiba Inu Bear Trap Hints at Potential Deeper CorrectionS

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Classical Shiba Inu Bear Trap Hints at Potential Deeper CorrectionShiba Inu has formed a bearish structure that could drive prices lower, but bulls could invalidate this by reclaiming a key level.

Shiba Inu (SHIB) remains almost unchanged in the past 24 hours, correcting less than 1% during this period. Still, the broader structure continues to lean bearish.

The third-largest meme coin by market cap dropped 2% on Sunday, closing the past week 7.7% lower than its opening price. This now means that SHIB has dropped over 15% in June and is on course for its largest monthly decline since December 2025.



Classical Shiba Inu Bear Trap Hints at Potential D

The current crypto fear and greed index stands at 24, indicating a state of extreme fear. This index has risen by 3 points compared to the previous day. Over the past week, the average reading has bee

The current crypto fear and greed index stands at 24, indicating a state of extreme fear. This index has risen by 3 points compared to the previous day. Over the past week, the average reading has been 19, while the 30-day average is 18. The increase in the index suggests a shift in market sentiment, with fear being the dominant emotion among investors. This extreme fear level may be a sign of a potential buying opportunity, as investors are becoming increasingly cautious. The index will continue to be closely watched for any changes in market sentiment

On June 23, Citi stated that AI servers and high-speed network upgrades are reshaping the growth outlook for China's PCB industry, raising target prices for Huada Semiconductor and Shenghong Technolog

Citi Raises China's AI-PCB Market Forecast, Predicts Google TPU Demand May Exceed NVIDIA by 2028

A week that pushed a few things forward. SBM V2 is now live, bringing isolated collateral lending to JustLend DAO. Meanwhile, Proposal 40 introduced the new $U Market, and $USDD 2.0 Supply Mining entered Phase 19. Plenty happening across TRON Eco at the same time 👇

A week that pushed a few things forward.<br /><br />SBM V2 is now live, bringing isolated collateral lending to JustLend DAO. Meanwhile, Proposal 40 introduced the new $U Market, and $USDD 2.0 Supply Mining entered Phase 19.<br /><br />Plenty happening across TRON Eco at the same time 👇  

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Standard Chartered Bank Places a 40x 'Bet', Calls for UNI to Rise to $100

SpaceX IPO Unlock Timeline

A Panoramic View of the Solana Privacy Ecosystem: The Complete Privacy Stack from Computation to AI

The 'Chip' Challenge and Breakthroughs in China's Optical Industry Chain

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

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