Headlines

EU Plans Sanctions Against 11 Crypto Platforms Collaborating with Russia

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

US Media: US Conducting Third Wave of Strikes Against Iran

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

SpaceX IPO Reported to Have Received Multiple Times Oversubscription

According to insiders, SpaceX's IPO has attracted institutional investor demand several times over the available shares, with multiple institutions placing orders for approximately $10 billion or more in stock. The lead underwriter reported that subscription demand has been steadily increasing since Monday. (Jinshi)

Industry News

U.S. Central Command: Strike Against Iran Completed

The U.S. Central Command issued a statement confirming that U.S. forces completed a self-defense strike against Iran on June 9, in response to the downing of a U.S. Army Apache helicopter. The targets included Iran’s 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 Decline Across Board, Supermicro 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%. The VIX Volatility Index surged 5.02%. AI-related stocks declined broadly, with Supermicro down 7.62%, Marvell down 7.61%, ServiceNow down 6.32%, and Arm down 6.22%.

BTC Briefly Drops Below 62,000 USDT, Down 1.98% in 24H

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: $36M Stolen, Will Cooperate with Authorities and Pursue Recovery

Humility Protocol confirmed that H tokens were subject 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 workstation, leading to the exposure of multisig wallet keys controlling the Hyperlane Bridge ProxyAdmin. Attackers transferred approximately 141.2 million H tokens on the ETH chain and maliciously minted an additional 200 million H tokens on the BSC chain via exploit contracts. The team has initiated cooperation with law enforcement and is actively pursuing asset recovery.

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 due to a smart contract vulnerability. The attackers still retain ProxyAdmin privileges on both the ETH bridge and BNB Chain tokens. The team has engaged external security firms for forensic investigation and is developing a restoration plan for affected users.

Funding & Investment

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

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. The round values 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)

Voices from the Industry

CZ: Bitcoin Won’t “Die” Too Long

CZ posted on X: “Bitcoin won’t ‘die’ too long. Don’t panic.”

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

Renowned analyst Serenity stated that while AI stocks like ARM and Marvell have already seen significant gains, she is focusing on mid-to-large cap AI supply chain companies valued between $10B and $1,000B. She cited ASE Technology, Sumitomo Electric, Jabil, Vicor, and GlobalFoundries as promising candidates with further upside potential. She disclosed holding positions only in NBIS, TSEM, and AAOI.

Serenity Statement: No Paid Partnerships, No External Incentives — Research Shared Personally on X

Serenity clarified that all content is personal research and analysis, with no paid promotions or external incentives involved. Alleged “paid promotion” posts are fraudulent and falsely attributed to her. She earns revenue solely through X’s subscription model, aiming to empower retail investors through free information aggregation.

Serenity Re-Issues Bullish Call on A-Shares; Zhongji Xuchuang’s Market Cap Surges by ¥26 Billion in 10 Minutes

Serenity mentioned the A-share stock Zhongji Xuchuang for the third time, noting it has reached a new all-time high. Following her commentary, Zhongji Xuchuang surged from 1,171 RMB to a peak of 1,196 RMB within ten minutes, adding approximately ¥26 billion to its market capitalization.