Crypto

Core Summary Ethereum’s most prominent sandwich attack bot, Jaredfromsubway.eth, fell victim to an ironic reverse exploit. Security firm Blockaid disclosed that an attacker tricked the bot into approving fake trading routes, then used those approvals to drain approximately $7.5 million in WETH, USDC, and USDT tokens. Event Details According to CoinDesk, Blockaid’s security research team discovered that an attacker designed deceptive trading route contracts that induced the Jaredfromsubway.eth bot to interact with them and grant token transfer approvals. Once authorized, the attacker swiftly transferred all WETH, USDC, and USDT tokens from the bot’s wallet. The incident is seen as a classic case of “the hunter becomes the hunted” in decentralized finance. ...

Strategy’s preferred stocks STRC and SATA saw sharp declines. Strive CEO Matt Cole attributes the selloff to forced liquidations from leveraged investors. Both products partially recovered after the drop.

Coinbase’s Ethereum L2 Base announces Beryl upgrade launching June 25 on mainnet, introducing B20 native token standard and cutting withdrawal delays to 5 days.

Global asset manager Franklin Templeton has filed with the SEC for two new ETFs that automatically reinvest stock dividends into Bitcoin. The product marks a significant step in the convergence of traditional finance and crypto assets, with an expected effective date as early as September 1, 2026.

CoinDesk reports that Kentucky is advancing regulatory legislation targeting prediction markets, potentially making the state a red state that clashes with the Trump team on policy. The Trump family has recently been deeply involved in prediction market platforms, and this regulatory move has raised industry concerns about political interference. Analysts note that prediction markets, as an important application track in the crypto industry, will affect the broader digital asset market landscape. ...

On-chain data shows Bhutan transferred approximately $34.5 million in bitcoin to Binance exchange, with holdings falling below 1,750 BTC.

Illinois added a 0.2% tax on digital asset holding and transfers in its state budget at the last minute, drawing strong opposition from the crypto industry.

Rating giant Moody’s has deployed credit ratings directly on the Solana blockchain, embedding credit scores into tokenized securities to boost institutional adoption of on-chain assets.

Major U.S. gaming industry groups sent a letter to the Senate calling for an explicit ban on sports and casino-style prediction markets in the crypto market structure bill under consideration.

Barry Moore, a Trump loyalist backed by $12 million from a crypto PAC, won the Alabama Republican Senate primary, marking the largest crypto political spending in this midterm cycle.