More Markets lending reserve drained for $9.3M: Blockaid
Related
CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets
A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying to weigh in on the criminal case.
Specter reveals clues about a BONK DAO governance attack, suggesting that the financial flows of Realms' founder may be linked to the attackers.
According to Mars Finance, on-chain security firm Specter released preliminary findings of its investigation into the BONK DAO governance attack. Tracing the on-chain fund flow revealed significant suspicious activity: financial transactions were found between Realms founders' and Crypto Notte-related addresses and the wallet of the suspected attacker. The analysis indicates that the attacker released a malicious governance proposal on June 30th, with a pass threshold of 1% of the total circulating supply of BONK. From July 4th to 5th, the attacker used approximately $4 million in cryptocurrency purchases on exchanges and MarginFi lending to acquire sufficient voting power to push the proposal through and complete the governance attack.
Michael Saylor: The biggest evolution for Bitcoin over the next decade will be stability at the protocol layer and expansion at the capital markets and application layers.
According to BlockBeats, on July 5th, Michael Saylor published an article stating that the biggest evolution of Bitcoin over the next decade will come from fewer changes at the protocol layer and a greater role in other areas. He believes that the Bitcoin base layer will become more robust, capital markets will continue to deepen, applications will expand, institutions will enter, and the world will be built on top of Bitcoin. Bitcoin is not a tech stock, a payment company, or a software platform racing to add features; it is a monetary network whose purpose is not to act quickly and break things, but to move slowly and without disruption. Saylor stated that Bitcoin has won its first major battle, and the world is increasingly understanding that Bitcoin is digital capital with attributes such as scarcity, durability, portability, divisibility, programmability, and global transferability. The strongest version of Bitcoin is not to "replace all payment tracks," but to become a neutral, global, scarce asset around which capital, credit, and commerce are organized. The base layer is not optimized for coffee payments, but designed for final settlement, reserve assets, collateral settlement, and final transfer of ownership. He believes that the four-year Bitcoin cycle is still important, but no longer the dominant model. Over the next decade, Bitcoin's price movements will be driven less by miner issuance and more by capital flows from ETFs, corporate treasuries, sovereign reserves, bank credit, derivatives, insurance, collateral, and global savings. Halvings will tighten supply, while capital flows will determine the growth trajectory. Digital lending will accelerate Bitcoin adoption, connecting Bitcoin capital to the broader financial system. Saylor states that the main issue for the next decade is not whether Bitcoin will survive, but whether economic exposure will remain linked to real Bitcoin or create too much "paper Bitcoin." Custody transparency, proof-of-reserve, risk management, capital structure, and counterparty risk will all become crucial. He predicts that by 2036, Bitcoin will be more widely held, more deeply institutionalized, more politically significant, and a major collateral asset in the digital lending market; while the underlying protocol itself may change less than anything else built around it.
Venus proposed shutting down 87 deprecated markets across multiple chains, requiring users to withdraw by June 29th.
According to Foresight News , decentralized lending protocol Venus Protocol has released a proposal to integrate 87 abandoned markets across 8 chains, including BNB Chain, Ethereum, and Arbitrum. The proposal will be implemented in two steps: first, the reserve ratio will be increased to 100%, and borrowing rates will be significantly raised to encourage users to exit; second, the collateral factor and liquidation threshold for the relevant markets will be reduced to zero during the week of June 29th, at which point related positions will face liquidation risk. Venus strongly advises borrowers or depositors in the aforementioned markets to close their positions or withdraw their assets before this date.
Bitunix Analyst: With policy and geopolitical variables intertwined, global markets await further confirmation signals.
According to Mars Finance, on June 30th, global markets continued to digest the impact of the Middle East situation, US policy, and signals from central banks around the world. The latest US Supreme Court ruling expanded the president's authority to dismiss officials of certain federal agencies, but simultaneously prevented the removal of Federal Reserve governors, keeping the market focused on the Fed's policy independence. On the other hand, US strategic petroleum reserves fell to their lowest level since 1983, while South Korea announced plans to build a large-scale AI data center, reflecting continued global investment in artificial intelligence infrastructure. Although the ceasefire framework in the Middle East remains in place, uncertainty persists. Iran stated that it has no plans to engage in formal negotiations with the US in the near future, prioritizing the implementation of the memorandum of understanding and continuing to strengthen its control over navigation in the Strait of Hormuz. Meanwhile, Trump stated that US and Iranian representatives would meet in Doha, highlighting a discrepancy in public statements regarding the progress of negotiations. The market is also focused on persistently high shipping insurance premiums, restrictions on passage through the Strait of Hormuz, and global energy restocking demand, indicating that even with oil prices falling to around $70, risks to the energy supply chain have not been completely eliminated. Regarding central bank policy, the Reserve Bank of Australia's meeting minutes maintained a hawkish stance, emphasizing that further interest rate hikes could be necessary if needed. However, the market believes that falling oil prices and an economic slowdown may reduce the likelihood of further tightening. On the other hand, the yen broke below a key exchange rate range in which the Japanese government intervened in 2024, putting renewed pressure on the government to intervene in the foreign exchange market. This also reflects the continued impact of high interest rates and a strong US dollar on capital flows in major global economies. In the cryptocurrency market, Bitcoin is currently consolidating between $58,060 and $61,931, with overall market sentiment remaining cautious. Given the unclear global policy signals, the continued geopolitical influence on the energy market, and the divergent policy paths among major central banks, short-term risk appetite remains easily driven by macroeconomic events. The market will continue to focus on developments in the US-Iran situation, central bank policy moves, and any new changes in the global liquidity environment. These factors will remain key considerations influencing the volatility of risk assets.
Wyoming adds Chainlink reserve verification to state-issued stable token
Wyoming is using Chainlink to bring near-real-time reserve verification onchain for FRNT as the oracle provider expands its footprint across tokenized financial markets.