Odaily Planet Daily News: Cross-chain protocol Axelar Network has issued a statement regarding the recent security incident related to Secret Network, clarifying that there is a misunderstanding within the community. Neither Axelar nor the Inter-Blockchain Communication Protocol (IBC) was attacked or compromised. The affected token smart contract was not developed, deployed, or maintained by Axelar. Furthermore, Axelar's firewall mechanism prevented the impact from spreading to other chains.
It is reported that the exploited contract was a fork based on the CW20-ICS20 implementation, but the developers removed two core security checks, leading to an "infinite mint" vulnerability. By deleting the verification mechanisms originally designed to prevent such issues, this fork altered the contract's original trust model and was not subjected to a new security audit.
Axelar Network explained that anyone can deploy contracts via IBC for wrapping cross-chain assets, and similar contracts are used to wrap tokens from other chains onto Secret Network. However, the specific fork on the Secret side in this incident contained a vulnerability due to the removal of critical security checks. This incident was not caused by an inherent logic flaw or an issue with the IBC protocol itself, but rather a security risk introduced by modifications made to the third-party contract.
Odaily reports that according to Hyperbot data, the whale "pension-usdt.eth" has just opened another 3x leveraged ETH short position and is continuously increasing its position. The address currently holds 8,364.3629 ETH, with a position value of approximately $14.5 million.
Odaily Odaily Planet Daily reports that Ubisoft co-founder Claude Guillemot has passed away. An official statement reads: "Ubisoft is deeply saddened to learn of the accidental death of Claude Guillemot, co-founder of the Group and Chairman of Guillemot Corp. In this difficult time, our thoughts are with his family and loved ones. No further statement will be made at this time."
According to reports, Claude Guillemot, 69, died on Friday in a plane crash in La Baule, a resort town on France's Atlantic coast. An air show was scheduled to take place there this weekend. He was one of two passengers aboard a twin-engine Cessna 421 aircraft. Both passengers died in the accident. (Sina Finance)
According to Odaily, Robert Kiyosaki, author of "Rich Dad Poor Dad," recently stated that despite the recent decline in gold and silver prices, he does not base his decisions to buy or sell assets on price alone. He admitted to having made many mistakes in the past, one of which was letting price fluctuations influence his investment judgments. He emphasized that the current focus should be on the "environment" and macroeconomic context in which assets exist, rather than short-term price volatility. He noted that the current poor performance of global economic management could lead to worsening problems. As a result, he is monitoring the technical trends of gold, silver, Bitcoin, and Ethereum, waiting for their prices to end their downtrends before making purchases. He observed that technical charts for gold and silver suggest they could be in a phase just before a significant rally, but he cautioned investors to make their own judgments and not blindly trust the opinions of others.
Odaily Planet Daily reports: According to Israeli media, Israeli Prime Minister Netanyahu has ordered a ceasefire in Lebanon. (Jinshi)
According to monitoring by the Odaily Seer Prophet Channel, in the Polymarket prediction event "CS2 IEM Cologne Major Semifinals: Furia vs Aurora," a smart money address (0x89dd49bf87c41be422927372a0b75c6ab577f662) that has earned over $320,000 in profit purchased $224,000 worth of bets on Furia defeating Aurora. The opening price was 59¢, and they acquired 379,751.5 shares.
Additionally, the same address bought $25,000 worth of wagers on Furia winning Map 1 against Aurora, with an opening price of 50.6¢ and 49,553.5 shares purchased.
The match is currently in its first map, with Furia leading Aurora 12-8.
The Odaily Seer Prophet Channel continues to monitor the prediction markets, observing changes before the odds are set.
Odaily: Pakistan's Ministry of Foreign Affairs stated that, following the arrangements under the US-Iran Memorandum of Understanding, technical-level talks will be held in Switzerland on June 21, 2026. Pakistan and Qatar will participate in the meeting as mediators. (CCTV News)
Odaily reported that Hyperliquid has announced, as part of the USDH de-listing process, that all markets denominated in USDH on HyperCore have been settled. Users should immediately handle their remaining USDH assets, including: exchanging USDH for USDC on the HyperCore spot order book, swapping USDH for USDC on HyperEVM, withdrawing USDH from Borrow/Lend products, and repaying borrowed USDH by purchasing the USDH/USDC trading pair. Hyperliquid stated that users should complete relevant asset conversions and lending position handling in a timely manner to avoid the impact of the USDH de-listing process.
Odaily reported that according to a US media report on the 20th, citing senior US officials, the US military has not yet observed any military movements by Iran to close the Strait of Hormuz. (Xinhua News Agency)
According to the IPO coaching filing system on the CSRC official website, InnoGrit Technology Co., Ltd. and its coaching sponsor, Guotai Haitong, have submitted a "Completion Report on Coaching Work" to the Shanghai Securities Regulatory Bureau. InnoGrit filed for coaching on December 19, 2024, and the coaching process lasted one and a half years.
The company is a fabless semiconductor chip design firm, primarily engaged in the design and supply of high-performance SSD controllers, while also providing SSD and storage system solutions. The company's products are widely used in cloud computing, artificial intelligence, data center management, intelligent driving, and other fields. (Jin Shi)
Odaily reported that Iran's Islamic Revolutionary Guard Corps (IRGC) has declared the Strait of Hormuz closed to all vessels. Ships are warned not to approach the Strait of Hormuz, as their safety would be at risk. Israel's operations in Lebanon and the US violation of ceasefire commitments are cited as reasons for the closure of the Strait of Hormuz. (Jinshi)
Odaily news, Slow Mist founder Cosine published an analysis stating that the approximately $1.1 million loss incident in the OLPC / LABUBU liquidity pool on BNB Chain is suspicious. The loss occurred due to a severe imbalance in the OLPC/LABUBU trading pair, caused by a "vulnerability" in OLPC being exploited. Under certain conditions in _update, it is possible to burn OLPC tokens amounting to value * decimalsValue. Normally, decimalsValue is 1, but approximately 46 days before the attack, it was changed by the owner to an extremely large value of 7,326,680,472,586,200,649. A few days later, the OLPC owner renounced ownership, setting it to the zero address.
Today, the attacker exploited this extremely large decimalsValue to trigger the Pair reserve burn, allowing a small amount of OLPC to extract a large amount of LABUBU. The attacker ultimately swapped 1.115 million USDT at a low cost. The suspicious point lies in the setting of decimalsValue—why did the OLPC owner set such an abnormally large value?
Odaily reported that PancakeSwap has issued a notice regarding abnormal activity in the BNB Chain OLPC/LABUBU liquidity pool, stating that the team has acknowledged community reports and initiated a preliminary investigation.
PancakeSwap indicated that initial findings confirm no issues at the smart contract level, and the relevant incident is still under further review. The team will continue to monitor the situation and provide updates as more information becomes available.
The platform reminds users to rely on information released through PancakeSwap's official channels and to be cautious of unverified rumors.
Odaily, Odaily Planet Daily reports that, according to Iran's Fars News Agency citing a spokesperson for the Ministry of Foreign Affairs, an Iranian delegation will travel to Switzerland to follow up on and demand that the other party fulfill its commitments. If the other party refuses to honor its commitments, Iran will take necessary measures to respond. We will not sign commitments that cannot be fulfilled; our principle is "commitment for commitment." If the other party's commitments are not fulfilled, the entire memorandum of understanding will face problems. (Jin Shi)
Odaily星球日报讯 据链上分析师 Ai 姨监测，地址 0x770…399f2 曾在 04.14 当时行情的上涨起点，以均价 71655 美元买入 112.86 WBTC，价值 808 万美元，一度在五月中旬浮盈超百万，但坚持拿住，终于在 06.16 和 7 小时前分批清仓，卖出价格 64723 美元，持仓两月资产缩水 10%。
