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According to the official report from Ostium, the core of this attack lies in the intrusion of the off-chain price reporting system's permissions, unrelated to smart contract vulnerabilities. After gaining off-chain authorization, the attacker submitted forged prices (5,000 USD and 60,000 USD) to the BTC-USD market using the legally registered forwarding paths of the protocol, completing an atomic open-close arbitrage cycle within the same transaction, and starting with a rolling scale of 100 USDC. Through 8 transactions, they extracted 23.75 million USDC from the OLP treasury within 5 minutes, until the treasury's circuit breaker mechanism was triggered.The root cause is the lack of a multi-party approval mechanism at the same level as on-chain multi-signature in the off-chain infrastructure, creating a single point of permission vulnerability. The stolen funds have been converted to ETH and mixed through Tornado Cash, and tracking efforts are still ongoing.

Dutch crypto finance protocol Tori Finance announced that its institutional-grade Delta neutral yield product strUSD has completed a $50 million pre-deposit fundraising before its official launch, reaching the cap in just 7 days. Tori stated that strUSD offers an annualized yield of approximately 12%, with returns derived from global arbitrage trading strategies traditionally used by financial institutions, rather than from the circulation of funds in the crypto market. This strategy achieves low correlation with crypto market cycles by borrowing in low-interest currencies, investing in high-interest markets, and utilizing foreign exchange hedging to lock in dollar returns.Tori founder Samed Duzcay mentioned that such trades were previously mainly participated in by large institutions like pension funds and banks, which typically required a funding threshold of tens of millions of dollars and involved complex processes such as local bank accounts, custody, tax, and compliance approvals. Tori opens up these institutional strategies to ordinary users through on-chain tokenization. Users can deposit USDC or USDT to obtain the synthetic dollar asset trUSD and stake to earn strUSD. This asset is based on the ERC-20 standard and can be integrated with DeFi protocols such as Morpho, Pendle, and Curve, and can also be used as collateral for lending to further amplify returns.Tori claims that the protocol constructs an on-chain balance sheet through zero-knowledge proofs and trusted execution environments, with independent verification agency Accountable conducting real-time audits of off-chain fund situations; digital asset investment firm RockawayX serves as the risk management party and anchor liquidity provider. Additionally, Tori's smart contracts have been audited by Sherlock and Nethermind, and Hypernative has been introduced for round-the-clock security monitoring, with all contract upgrades set to a 24-hour delay mechanism. Tori stated that its goal is to bring the neutral yield strategies used by traditional financial institutions for decades into the on-chain financial system, promoting the integration of real yields with DeFi infrastructure.

According to Blockaid's monitoring, the Arbitrum ecosystem protocol AFX was attacked at 5:30 AM Beijing time, targeting a cross-chain bridge operated by the protocol. So far, approximately 24.15 million USDC has been stolen. Blockaid stated that it is working with the Arbitrum team to respond to the incident, communicate with the affected protocols, and assist in freezing the stolen funds.In addition, Offchain Labs co-founder Steven Goldfeder responded on the X platform, stating that the Arbitrum team has noted the reports of the cross-chain bridge attack on Arbitrum and is investigating. Goldfeder confirmed that the related transactions originated from a third-party protocol, and the Arbitrum native bridge was not attacked or exploited. The team will coordinate with the third-party team and provide more details.

According to SEC Form 4 documents, Circle President and former CFTC Chairman Heath Tarbert has sold CRCL stock a total of 10 times since June 2025, with a total reduction amounting to approximately $30.77 million. Publicly disclosed documents indicate that his transactions mainly involve stock sales and option exercises, and he currently still holds about 503,000 shares of the company, with no records of increased holdings in the open market.Previously, in an interview with FOX Business, Tarbert responded to the drop in CRCL stock price from around $260 to about $62 by stating that the company is focused on long-term development, and mentioned that if Circle can achieve its mission of building internet financial infrastructure, the stock price will ultimately provide the answer (The stock will take care of itself).

According to The Block, Trezor's Chief Business Officer Danny Sanders refuted recent criticisms of cryptocurrency hardware wallets made by blockchain investigator ZachXBT.Earlier this week, ZachXBT posted on Telegram, "All hardware wallets are complete garbage and I do not recommend using them for important tasks such as signing transactions or storing funds," and suggested that users use a dedicated iPhone to store funds and sign transactions.In response, Sanders acknowledged in an interview that firmware/software updates for hardware wallets can sometimes interfere with urgent or large transactions, and that the user experience can indeed be "clunky," understanding the users' frustration. However, he opposed ZachXBT's blanket statement: while hardware wallets may not be the best single solution for advanced users managing large amounts of funds, they are not garbage.He pointed out that compared to hardware wallets, the operating system and connectivity features of an iPhone present more "attack risks." For the average cryptocurrency user, hardware wallets remain the best self-custody option available.

According to the Financial Times, based on the latest publicly available court documents, the stablecoin issuer Circle had banned the crypto fund Heka Funds, supported by Tether, at the end of 2023 due to suspicions that it was manipulating the market through large-scale arbitrage operations and helping Tether expand its market share. The documents show that during the Silicon Valley Bank (SVB) crisis in 2023, USDC briefly fell below the $1 peg. Heka continuously bought discounted USDC in large quantities and redeemed it for cash from Circle. Circle believed that Heka's redemption scale far exceeded that of other market participants and suspected that the related funds ultimately flowed to Tether to help expand its USDT market size.Arbitration documents also revealed that Tether had invested about $800 million in Heka, accounting for about 75% of the fund's assets, and waived the stablecoin minting fees. The arbitrator found that Heka did not truthfully disclose its supportive relationship with Tether and was aware that the related information would raise concerns for Circle. In 2024, Heka initiated arbitration due to its account being frozen, claiming approximately $49 million in lost profits. In February of this year, the arbitrator dismissed all of Heka's claims, determining that it had engaged in malicious behavior and ordered it to pay Circle about $166,000 in attorney and expert fees. Heka denied any market manipulation and stated that it had never been subject to regulatory investigation; Circle declined to comment, and Tether did not respond to media requests for comment.

According to Blockaid monitoring, the Lumi Finance protocol on Arbitrum is currently under attack, with approximately $270,000 in funds having been transferred out.

Binance Research released a report on tokenized stocks showing that bStocks has increased the number of tokenized stock assets from 5 to 25 in less than a month since its launch, with a market capitalization approaching 300 million USD.In terms of user participation, among 190,417 bStocks users, 41.5% only trade bStocks, while 58.5% participate in perpetual contracts and/or stock products. The report also indicates that a total of 2,806 users engaged in cross-market arbitrage, with 206 systematic arbitrage users contributing 198.2 million USD in rapid matching transaction volume, accounting for 96.5% of the relevant transaction volume.The report states that bStocks' appeal is particularly evident during non-trading hours. During regular trading hours, the share of stock spot transaction volume is 52%, while bStocks accounts for 48%; however, during non-trading hours, the share of bStocks transaction volume rises to 58%, surpassing the stock spot's 42%.Additionally, bStocks has begun to extend into on-chain yield scenarios. Currently, the relevant liquidity pools can offer an APY ranging from 32% to 228%, while the yield of the native credit pool is between 5% and 10%, indicating a total TVL of approximately 1.15 million USD.

According to token unlocking data from the Crypto asset data platform RootData, Arbitrum (ARB) will unlock approximately 12.353 million tokens at 9:00 AM Beijing time on July 16, worth about 9.58 million USD.

Offchain Labs co-founder Steven Goldfeder posted on the X platform that as enterprise adoption accelerates, Arbitrum is ready to capture revenue. 10% of the fees collected by Robinhood Chain and all other Arbitrum L2s will flow into the Arbitrum ecosystem—8% will go into a treasury controlled by token holders, and 2% will be used to fund development.100% of the fees collected on Arbitrum One will be allocated to the Arbitrum treasury. According to previous reports, Robinhood Chain is an Ethereum Layer 2 network built on the Arbitrum tech stack.

According to official news, the privacy public chain Secret Network announced that it will migrate to the Arbitrum ecosystem, and the SCRT token will be converted to an ERC-20 token on Arbitrum. The migration is scheduled for a snapshot on September 1, 2026. Native SCRT and staked SCRT will be automatically migrated, but sSCRT, SCRT in contracts or liquidity pools, SCRT cross-chain to other chains, and IBC bridge tokens are not included in the migration scope and must be converted to native or staked status before September 1.After the migration, SCRT will still be a governance token, and the team proposes to reduce the inflation rate from 9% to 5%. After the migration is completed, SCRT Labs will stop maintaining Secret Network and open source all code. This proposal needs to be voted on by community governance. Coingecko data shows that the SCRT token is currently priced at $0.03965, with a 24-hour decline of 30.7%.

The security analysis platform GoPlus tweeted regarding the incident where "a user exchanged approximately 1126 ETH (about 2.01 million USD) for 5776 LIT (about 14,000 USD) on Uniswap, resulting in a loss of nearly 2 million USD." The core reason for this incident was not a sandwich attack, but rather backrunner arbitrage within the same block. The routing contract injected a large amount of WETH into a liquidity-poor AVAIL/WETH trading pool, causing the user to buy AVAIL at a severely deviated market price (about 120 times the reasonable price). Subsequently, within the same block, the backrunner executed a reverse trade on the pool with a minimal amount of AVAIL at the real price, withdrawing approximately 1072 WETH, and paid most of it (about 1018 ETH) as builder payment to Titan Builder.

The on-chain spot exchange Rialto has announced its departure from stealth mode and is officially live. The platform is powered by PropAMM (proprietary automated market maker) and focuses on the integration of cryptocurrency and traditional finance, having collaborated closely with Robinhood Crypto, Offchain Labs, and Arbitrum over the past year.It is reported that Rialto is built on top of Robinhood Chain and Arbitrum, breaking the traditional market time constraints and supporting 24/7 trading of cryptocurrency spot, stock tokens, ETFs, commodities, and Pre-IPO assets. Users can self-custody equity tokens and use them directly as collateral for third-party lending. Currently, the platform is running its own PropAMM "Rivo Altus" to provide foundational liquidity, with over 90 Robinhood tokenized stocks and mainstream crypto assets already launched in the initial phase.

According to reports, LG Electronics has chosen the Ethereum Layer 2 network Arbitrum to develop a new blockchain to support advertising and media-related scenarios. Following the announcement, Arbitrum's native token ARB rose more than 5% in a single day. The network will be used for the delivery, purchase, sale, and management of digital advertising, and will record user interactions with advertising content.Arbitrum is developed by Offchain Labs and uses Optimistic Rollup technology, aiming to provide a faster and lower-cost transaction experience for Ethereum. This is not LG's first foray into blockchain. Previously, LG launched the enterprise-level blockchain Monachain through its IT services division LG CNS and developed the crypto wallet Wallypto; it also launched the Art Lab NFT marketplace, but that platform was shut down last year.

According to token unlocking data from the Crypto asset data platform RootData, Arbitrum (ARB) will unlock approximately 12.353 million tokens at 9:00 AM Beijing time on June 16, worth about 9.9 million USD.