troll

Blockchain security company Hacken released an assessment report indicating that approximately half of the circulating USDT (about $91.3 billion on the Tron network) is controlled by a 2-of-3 multi-signature contract, which lacks built-in delays, cancellation processes, or reliable revocation mechanisms. Attackers only need to compromise two signature keys to change contract ownership, mint tokens, freeze addresses, clear frozen balances, or set transfer fees without accessing any user wallets. Hacken also discovered that Tether reuses the same set of six signature keys across three chains: Ethereum, Avalanche, and Celo, posing a risk of cross-chain spread.Meanwhile, stablecoin rating agency Bluechip upgraded Tether's company rating from D to C, citing that KPMG's audit showed Tether's reserves exceeded liabilities by $6.8 billion as of December 31, 2025. This is the first time Bluechip has adopted the expanded SMIDGE methodology, which incorporates Hacken's technical risk analysis. However, Hacken only gave USDT a cybersecurity score of 3.3 out of 10 and pointed out that the USDT smart contract does not have automatic reserve proof checks or a token minting cap. Once signers authorize a transaction, the contract can mint an unlimited number of tokens without a bank reserve proof.Hacken stated that it has not yet completed an equivalent assessment of Circle's USDC, and Bluechip's previous B+ rating for USDC was based on an old methodology, which cannot be directly used for technical comparison.

According to Bubblemaps, approximately 80% of the tokens for the Solana ecosystem's Trump parody meme coin CHUMP are concentrated in bundled addresses, with the project being promoted by several crypto Twitter KOLs.On-chain data shows that before the token surged, over 75 new wallets were injected with a similar amount of SOL in a short period, and then bought about 80% of CHUMP. These wallets had no prior on-chain activity, and the funds were transferred through multiple new addresses, Uniswap trades, and Relay.Bubblemaps stated that it is currently unclear who the actual controlling party of the tokens is, but the source of funds and trading patterns are highly similar, suggesting that a single entity may be in control, and advising investors to participate with caution.

Vaults.fyi released the report "2026 DeFi Custody Market Status," covering 856 vaults, 131 custodians, and 18 protocols, with a total locked value of approximately $11.29 billion. Over the past year, the TVL on the supply side of DeFi decreased by 41.8%, while the TVL of custody vaults grew by 39%, increasing market share from 5.24% to 12.51%. The top 5 custodians manage 69% of the funds, and the top 10 account for 79.1%. The leading landscape has changed dramatically, with Sentora and Concrete not making the list a year ago, now ranking second and fourth, respectively, while Usual dropped from fourth to thirty-fourth.Morpho ranks first among protocols with a custody TVL of 46.2%, with the remaining 53.8% distributed across the other 17 protocols. Bitcoin collateral accounts for 54.1% of Morpho's top 25 stablecoin vaults (approximately $3.71 billion). In terms of address concentration, weighted by TVL, a single address holds an average of 47% of vault shares, with the top ten addresses collectively controlling 74%. About 33% of the custody funds require a multi-step redemption process, with a 7-day annualized yield median of 4.82%, which is 98 basis points higher than instant redemption vaults.The report also points out that traditional financial institutions such as Société Générale, Apollo, and JPMorgan have begun to deploy custody vault strategies.

According to CoinDesk, the U.S. Treasury announced that from September 9 to November 4, the limit for single long-term U.S. Treasury bond repurchases will be raised from $2 billion to at least $4 billion, using short-term debt financing instead of "printing money," which the market views as a liquidity management operation similar to "Operation Twist 2."Although officials emphasize that this measure is not quantitative easing (QE) or yield curve control (YCC), it is interpreted as a signal of policy concerns regarding rising financing costs against the backdrop of long-term yields reaching nearly a twenty-year high and high fiscal deficits. This has strengthened expectations for a more aggressive YCC in the future, driving Bitcoin to surge short-term, breaking through $78,000, with a weekly increase of 23%. Gold has also strengthened, while the dollar weakened, intensifying market volatility due to short covering.

According to Ember Monitoring, addresses related to the significant drop of SIREN in June have transferred 1.324 billion XPIN, worth approximately $1.71 million, to Binance Alpha in the past two hours.Subsequently, the price of XPIN fell from $0.0017 to $0.0012, a decrease of about 29%.

The on-chain data visualization analysis platform Bubblemaps has issued a warning that the Meme coin XST, which is being heavily promoted on TikTok, has a high risk of supply concentration—74% of its total supply is controlled by a small group, exhibiting typical Rug token characteristics. The current market value of this token is approximately 70 million USD.Bubblemaps urges investors to stay away from such projects and to ignore similar content if seen on TikTok's recommendation page.In recent years, TikTok has become an important distribution channel for low-quality Meme coins, creating an illusion of credibility through AI-generated celebrity videos and false associations, combined with the token's concentrated holding structure, resulting in typical high-risk Rug tokens after the hype fades.

According to Jinshi reports, U.S. officials stated that the Strait of Hormuz is an international waterway, and no party can control its shipping routes or passage capacity.

According to Jinshi reports, U.S. President Trump stated that the Strait of Hormuz is controlled by the U.S. Navy.

According to Jinshi reports, Israeli Chief of Staff Eyal Zamir stated that the Israeli military will not withdraw from the occupied areas in southern Lebanon before ensuring Israel's security. Zamir made the remarks during an inspection of the occupied areas in southern Lebanon, mentioning that the Israeli military has controlled certain areas and is working to eliminate terrorist infrastructure. If necessary, they will expand the scope of operations to include more areas. He emphasized that there will be no withdrawal from the controlled areas before ensuring long-term security.

The European Union has further tightened restrictions on cryptocurrency assets related to Belarus, prohibiting Belarusian citizens and residents from owning, controlling, or managing cryptocurrency service providers regulated by the Markets in Crypto-Assets Regulation (MiCA). According to the Council Decision (CFSP) 2026/1847 passed by the EU Council, this measure is an extension of the EU's sanctions framework against Belarus's involvement in the Russia-Ukraine conflict.The new regulations will officially take effect on July 24, with the expanded restrictions on the cryptocurrency industry set to be implemented from August 25. According to MiCA, the affected services include operating cryptocurrency trading platforms, cryptocurrency exchanges, executing and transmitting customer orders, cryptocurrency issuance services, asset transfer services, investment consulting, and portfolio management.This restriction comes as the MiCA transition period ends on July 1. The EU had previously required unauthorized cryptocurrency businesses to cease related operations, or face regulatory enforcement. The EU stated that this expansion of restrictions is part of its efforts to combat the use of cryptocurrency platforms to evade sanctions against Russia. Previously, in the 21st round of sanctions against Russia, the EU had expanded the trading ban to 14 cryptocurrency-related service platforms outside the EU and established a mechanism to prohibit future transactions with any foreign cryptocurrency service providers identified as helping Russia evade sanctions. Market participants noted that as the MiCA regulatory framework is fully implemented, the EU is further strengthening its regulatory control over the cryptocurrency industry through licensing systems and sanction mechanisms.

The Financial Action Task Force (FATF) stated in a report released on Tuesday that if identifiable individuals retain "control or sufficient influence" in DeFi arrangements, its rules apply, regardless of how decentralized the project claims to be.FATF noted that many DeFi projects still frequently exhibit centralized elements in practice, including the concentration of governance tokens, management authority, upgrade control, and fees and rewards flowing to insiders. The report categorizes DeFi into three types: those with identifiable controllers, those that are actually centralized but where operators are hidden, and those that are truly leaderless, with only the last category not subject to its standards.The report stated that nearly 93% of jurisdictions responding to the survey have not applied the relevant standards to any qualifying DeFi arrangements, with only 26 out of 142 jurisdictions having assessed risks, 4 having established licensing rules, and only 2 having registered or licensed relevant platforms. FATF requires countries to mandate or encourage DeFi projects to embed anti-money laundering controls into smart contracts or interfaces; for platforms that refuse to cooperate, jurisdictions may prohibit them from operating locally as a last resort. The report also stated that the total value locked in DeFi reached $86.6 billion this year, an increase of approximately 85% compared to 2023.

According to official news, PinGo announced that its reward contract was recently attacked by hackers. The hackers exploited a vulnerability in permission verification to illegally claim 840,000 PINGO tokens.PinGo officials pointed out that this security incident has been effectively controlled, the remaining assets have been successfully migrated, and the upgrade of the related contract has also been completed. The officials emphasized that the PINGO tokens and related private keys are still in a secure state, and the reward claiming function has now been reopened.

According to official news, Uniswap Labs has released a temperature check proposal, suggesting the activation of protocol fees in the v4 pool. This proposal follows the rapid governance process previously approved by UNIfication and will directly enter a five-day Snapshot voting period, followed by on-chain voting.Due to the Hook architecture of v4 making fee settings more complex than v2/v3, the proposal has designed the V4 Fee Controller system, which includes two core contracts: V4FeePolicy calculates the fees for any pool based on governance rules, and V4FeeAdapter is responsible for executing governance overrides and collecting fees into TokenJar. Fees are calculated hierarchically based on the family of the pool: first checking the specific trading pair rate set by governance, then the family default rate, and finally the global default rate.This proposal aims to activate fees for three types of pool families across 11 chains including Ethereum, Arbitrum, Base, and BNB Chain: static rate pools without Hooks, CCA pools after continuous liquidation auctions, and aggregator Hook pools. The rates for aggregator Hook pools are adjusted by a 25x multiplier, with a default of 10 bp for non-Base chains (3 bp for stablecoin pairs) and a default of 3 bp for Base chains (1 bp for stablecoin pairs). All fees will flow into each chain's TokenJar, and the amount of UNI burned on L2 and Alt-L1 will be cross-chain bridged to the Ethereum mainnet and sent to the 0xdead address.The Snapshot voting window is from July 7 to July 12, and on-chain voting will start during the week of July 13. Since GovernorBravo limits each proposal to 10 actions, two on-chain votes will be submitted in parallel to cover all chains.

According to on-chain analyst Yu Jin's monitoring, within 2 days, the SIREN controllers have essentially "broken down" 680 million SIREN (accounting for 94% of the total). This sell-off of SIREN led to a price drop of 96% (from $1.3 to $0.05), resulting in approximately 64.8 million USDT. About 200 million of these flowed into centralized exchanges such as Binance, Gate, and KuCoin, with most being bought in small amounts on-chain by hundreds of addresses after the price fell below $0.1. These small purchases are likely still orchestrated by the controllers, aiming to recover chips at low prices, increase tracking difficulty, and prepare for the next manipulation.

According to on-chain analyst Yu Jin's monitoring, as the SIREN controllers continue to sell on-chain, the price of SIREN has dropped to $0.06, a decrease of 95% compared to the high of $1.3 a week ago.From the on-chain perspective, they sold 360 million SIREN in a day and a half, exchanging it for about 48.7 million USDT. Currently, on-chain addresses still hold about 319 million SIREN (44% of the total supply).

According to on-chain analyst Yu Jin's monitoring, since 10 AM today, the SIREN controller has cumulatively sold approximately 118 million SIREN, exchanging it for 18 million USDT, resulting in a significant drop in the SIREN price.Market data shows that SIREN is currently priced at $0.132, with a 24-hour decline of 73.39%.

According to CoinDesk, an address from the "Satoshi era" that has never been used since March 2011, holding 35.55 bitcoins (approximately $2.54 million), made a transfer this week, which is seen as one of the first publicly visible responses from defendants in a lawsuit involving approximately 3.8 million bitcoins (valued at about $285 billion) in New York.On-chain data shows that the address transferred 15 BTC to a new address on June 2, keeping the remaining 20.55 BTC as change. The address initially received bitcoins on March 27, 2011, when the price of BTC was less than $1.In March of this year, a plaintiff using the pseudonym "Noah Doe" filed a lawsuit in New York state court alongside two LLCs from Wyoming, attempting to claim ownership of approximately 3.8 million long-dormant bitcoin wallets under New York's lost property law, positioning themselves as the "discoverer." The court approved sending on-chain notifications to the relevant wallets via the bitcoin OP_RETURN field.In July 2025, the advisory firm Salomon Brothers Strategic Advisors sent dust transactions with links to legal notices to 39,000 wallets, including the aforementioned address, requesting holders to prove ownership within 90 days.Alex Thorn, head of research at Galaxy Research, pointed out that the address corresponds to defendant number 38215 in the case, stating, "Clearly, these bitcoins have not actually been abandoned."Additionally, another address that had been dormant for 15 years, 1CDSyXAQxro4FPUoqAQb81642ruqDsUiNp, also transferred 20 BTC (approximately $1.48 million) on the same day, but this address did not appear on Noah Doe's list of lawsuits.Analysis suggests that the on-chain movements mentioned above indicate that some bitcoins from the Satoshi era, considered "abandoned assets," are actually still under the control of the original holders.

According to official news, Laser Digital has obtained preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to establish Laser Digital National Trust Bank. This entity will serve as a federally regulated trust institution, providing services to institutional clients.Once officially licensed, its business scope will include foreign exchange and stablecoin intermediation, cross-margin collateral management for digital and traditional assets, as well as multi-asset trust custody for tokenized and traditional assets.

According to Bloomberg, Senator Elizabeth Warren has questioned the decision by financial regulators to allow cryptocurrency companies into the banking system. The Massachusetts Democrat wrote to Jonathan Gould, head of the Office of the Comptroller of the Currency (OCC), pointing out that the regulator has approved at least 9 national trust charters for crypto companies that "seem to be unqualified." Warren stated that these charters "appear to far exceed the narrow scope of activities permitted by law," constituting a "clear violation of the National Bank Act." She questioned whether the OCC adhered to relevant legal provisions during the approval process and requested clarification on the compliance of these cryptocurrency companies in obtaining banking charters.

According to GMGN data, the top 5 trending sector tokens in the past 24 hours are as follows:SPCTROLL (FoeP....ump): Currently priced at $0.0001, market cap of $22,000, 24h increase of +766.5%, 24h trading volume of $7.72 million, number of trades 135,542;memecoins (69FV....ump): Currently priced at $0.0002, market cap of $140,000, 24h increase of +5.43K%, 24h trading volume of $3.90 million, number of trades 68,222;ALIEN (AQ4T....YnQ): Currently priced at $0.0002, market cap of $180,000, 24h increase of +5.44K%, 24h trading volume of $2.05 million, number of trades 37,265;Mira (4J3P....ump): Currently priced at $0.0001, market cap of $62,000, 24h increase of +2.5K%, 24h trading volume of $2.01 million, number of trades 38,792;Peace (DFeo....5Pu): Currently priced at $0.0001, market cap of $57,000, 24h increase of +1.9K%, 24h trading volume of $2.23 million, number of trades 38,613;