Headlines

The EU plans to impose sanctions on 11 crypto platforms collaborating with Russia

EU High Representative Kallas stated that the EU will implement restrictions on 11 crypto platforms accused of assisting Russia in circumventing international sanctions under the 21st round of sanctions, prohibiting all transactions with them, while approximately 90 Russian banks may face additional constraints. The previous 20th round of sanctions took effect on May 24 for crypto service providers registered in Russia. (bits.media)

U.S. Media: America Conducting Third Wave of Strikes Against Iran

According to AXIOS, U.S. officials confirmed that a third wave of strikes against Iran is currently underway. (Jinshi)

SpaceX IPO Reported to Have Received Multi-Times Oversubscription

According to informed sources, SpaceX's IPO has attracted institutional investor demand several times over the available shares, with multiple institutions placing orders for approximately $1 billion or more in stock each; lead underwriters reported sustained growth in subscription demand since Monday. (Jinshi)

Industry News

U.S. Central Command: Strike Against Iran Completed

The U.S. Central Command issued a statement confirming that the U.S. military completed a self-defense strike against Iran on June 9, in response to the downing of a U.S. Army Apache helicopter. Targeted assets included air defense systems, ground control stations, and surveillance radar sites near the Strait of Hormuz. (Jinshi)

U.S. Stocks Close Lower as AI-Related Stocks Dip Across Board, Super Micro Computer Drops Over 7.62%

At market close, the Dow rose 0.17%, the S&P 500 fell 0.26%, and the Nasdaq dropped 0.97%, while the VIX Volatility Index surged 5.02%. AI-themed stocks broadly declined, with Super Micro Computer plunging 7.62%, Marvell dropping 7.61%, ServiceNow falling 6.32%, and Arm declining 6.22%.

BTC Briefly Breaks Below 62,000 USDT, 24H Drop Reaches 1.98%

OKX market data shows BTC briefly dipped below 62,000 USDT, now trading at 61,999.9 USDT, with a 24-hour decline of 1.98%.

Project Updates

Humility Security Incident Update: $36 Million Stolen, Team Will Cooperate With Authorities to Recover Funds

Humility Protocol confirmed that H tokens were subjected to coordinated attacks on both Ethereum and BSC chains yesterday, resulting in over $36 million in assets being stolen and rapidly sold off. The breach originated from a compromised employee device, leading to the exposure of multi-signature wallet keys controlling the Hyperlane Bridge ProxyAdmin. Attackers transferred approximately 141.2 million H tokens on the ETH chain and maliciously minted 200 million H tokens on the BSC chain via exploit contracts. The team has initiated cooperation with law enforcement and is actively pursuing recovery efforts.

Humanity: Developing Victim Restoration Plan

Humanity released a post-mortem report on the security incident, clarifying that the private key compromise resulted from malware infection on a developer’s device, not a smart contract vulnerability. The attackers still retain ProxyAdmin permissions over the ETH bridge and BNB Chain tokens. The team has engaged external security firms for forensic investigation and is formulating a restoration plan for affected users.

Funding & Investment

Morpho Raises $175M in Funding, Led by a16z Crypto and Paradigm

The DeFi lending protocol Morpho announced a $175 million funding round led by a16z Crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and others, valuing the protocol at up to $2 billion. Morpho currently holds approximately $6.6 billion in TVL and serves institutional clients including Coinbase, Kraken, Anchorage Digital, and Galaxy Digital. (Fortune)

Thought Leaders

CZ: Bitcoin Won’t Be “Dead” for Long

CZ posted on X: “Bitcoin won’t be ‘dead’ for long. Don’t panic.”

“New King of New Era” Serenity: Several Mid-to-Large Cap AI Companies Still Have Upside

Renowned analyst Serenity stated that compared to already significantly appreciated AI names like ARM and Marvell, she is focusing more on mid-to-large cap AI supply chain companies valued between $10B and $100B, citing ASE Technology, Sumitomo Electric, Jabil, Vicor, and GlobalFoundries among others, which she believes still have significant upside. She disclosed her current holdings include only NBIS, TSEM, and AAOI.

Serenity Clarifies: No Paid Collaborations, No External Incentives — Research Shared Solely as Individual

Serenity clarified on X that all content shared is personal research and does not involve any paid promotions or external incentives. Any so-called “paid promotion” content is fraudulent and falsely attributed to her. She emphasized that revenue comes solely through X’s subscription mechanism, with the goal of helping retail investors via free information aggregation.

Serenity “Calls Out” A-Shares Again, Zhongji Xuchuang’s Market Cap Increases by ~26 Billion RMB in Ten Minutes

Serenity mentioned A-share stock Zhongji Xuchuang for the third time, noting it has reached a new all-time high. As a result, the stock surged from 117.1 RMB to a peak of 119.6 RMB within ten minutes, increasing its market cap by approximately 26 billion RMB.