24H Hot Coins & Headlines | EU Plans to Sanction 11 Crypto Platforms Collaborating with Russia; U.S. Launches Third Round of Strikes on Iran (June 10)
- Core Perspective: The cryptocurrency market shows overall weakness, with BTC briefly dropping below 62,000 USDT, though certain altcoins and Meme coins have recorded significant gains. Meanwhile, the EU plans to impose sanctions on crypto platforms cooperating with Russia, the new public chain or DeFi protocol Morpho has completed a massive $175 million funding round, and a leading figure, CZ, has moved to calm market sentiment.
- Key Elements:
- Market Divergence: Most of the top ten traded coins on CEXs are down (e.g., ZEC fell 2.86%), but WLD bucked the trend with a 7.09% increase. On OKX's gainers list, SENT led with a 23.43% surge; BTC briefly dropped below 62,000 USDT.
- Regulatory Developments: In its 21st round of sanctions, the EU plans to impose restrictions on 11 crypto platforms collaborating with Russia and prohibit transactions. Approximately 90 Russian banks may face additional restrictions.
- Capital Flows: Meme coins are trending on-chain (BRIM, Stonks, etc.); DeFi lending protocol Morpho completed a $175 million funding round led by a16z Crypto and Paradigm, with a valuation of approximately $2 billion.
- Security Incidents: Humility Protocol suffered a coordinated attack, resulting in the theft of over $36 million worth of H tokens. The breach occurred due to a key leak after an employee's computer was compromised. The team is cooperating with police investigations and developing a user recovery plan.
- Industry Sentiment: CZ posted on platform X to stabilize the market, stating, "Bitcoin won't die for long." AI-themed stocks in the U.S. stock market fell broadly (Super Micro Computer down 7.62%), but analyst Serenity is optimistic about certain mid-to-large cap AI companies.
1. CEX Hot Tokens
CEX Top 10 Trading Volume and 24-Hour Price Change:
- BNB: -0.50%
- BTC: -1.32%
- ETH: -1.32%
- SOL: -0.67%
- XRP: -1.47%
- ZEC: -2.86%
- DOGE: +0.04%
- WLD: +7.09%
- ALLO: -5.46%
- Binance Life: -2.17%
24-Hour Gainers List (Data Source: OKX):
- SENT: +23.43%
- KAT: +18.19%
- AI: +16.86%
- MEME: +14.74%
- CHIP: +13.00%
- CHZ: +11.07%
- MORPHO: +9.85%
- LIT: +8.84%
- S: +8.74%
- MENGO: +7.18%
24-Hour Crypto-Equity Gainers List (Data Source: msx.com):
- MPU.M: +43.48%
- VELO.M: +20.58%
- BTCT.M: +18.97%
- MSTZ.M: +15.75%
- VECO.M: +10.91%
- ABTS.M: +9.92%
- ZSL.M: +9.82%
- CONI.M: +9.78%
- AMC.M: +8.89%
- ORBS.M: +7.71%
2. On-Chain Hot Meme Top 5 (Data Source: GMGN):
- BRIM
- Stonks
- ape
- Lizard
- TRENCHCUPS
Headlines
EU Plans to Sanction 11 Crypto Platforms Cooperating with Russia
Kaja Kallas, the EU's High Representative for Foreign Affairs and Security Policy, stated that in the 21st sanctions package, the EU will restrict 11 crypto platforms allegedly helping Russia circumvent international sanctions and prohibit transactions with them. Additionally, approximately 90 Russian banks may face further restrictions. The 20th sanctions package, effective May 24, was already applied to crypto service providers registered in Russia. (bits.media)
US Media: US Conducting Third Round of Strikes Against Iran
According to AXIOS, US officials stated that a third round of strikes against Iran is currently underway. (Jin Shi)
SpaceX IPO Reportedly Oversubscribed Several Times Over
According to sources, the SpaceX IPO has attracted subscription demand from institutional investors several times greater than the available shares. Multiple institutions have each placed orders for approximately $10 billion or more worth of shares. Lead underwriters report that subscription demand has been increasing since Monday. (Jin Shi)
Industry News
US Central Command: Strike on Iran Completed
US Central Command issued a statement that US forces completed a self-defense strike against Iran on June 9, in response to the downing of a US Army Apache helicopter. The strikes targeted Iranian air defense systems, ground control stations, and surveillance radar sites near the Strait of Hormuz. (Jin Shi)
US Stock Market Closes: AI Stocks Fall Broadly, Super Micro Computer Down Over 7.62%
At the US stock market close, the Dow Jones rose 0.17%, the S&P 500 fell 0.26%, and the Nasdaq fell 0.97%. The VIX volatility index closed up 5.02%. AI concept stocks fell broadly, with Super Micro Computer down 7.62%, Marvell down 7.61%, ServiceNow down 6.32%, and Arm down 6.22%.
BTC Briefly Drops Below 62,000 USDT, Down 1.98% in 24H
According to OKX market data, BTC briefly fell below 62,000 USDT, currently trading at 61,999.9 USDT, marking a 24-hour decline of 1.98%.
Project News
Humility Protocol confirmed that the H token suffered a coordinated attack on the Ethereum and BSC chains yesterday, resulting in over $36 million in assets being stolen and dumped. The incident stemmed from an employee's computer being compromised, leading to the leak of the private keys controlling the multi-signature wallet for the Hyperlane Bridge ProxyAdmin. The attacker transferred approximately 141.2 million H tokens on the ETH chain and minted 200 million H tokens using a malicious contract on the BSC chain. The team is cooperating with law enforcement to investigate and attempting to recover the funds.
Humanity Says It Is Formulating a Recovery Plan for Victims
Humanity released a post-mortem report on the security incident, stating that the private key leak was caused by a malware intrusion on a developer's device, not a smart contract vulnerability. The attacker still holds ProxyAdmin permissions over the ETH bridge and the BNB Chain tokens. The team has hired an external security firm for forensic investigation and stated that it is formulating a recovery plan for affected users.
Funding News
Morpho Raises $175 Million, Led by a16z Crypto and Paradigm
DeFi lending protocol Morpho announced the completion of a $175 million funding round, led by a16z Crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and others. The round values the protocol at approximately $2 billion. Morpho's current TVL stands at around $6.6 billion, with existing institutional clients including Coinbase, Kraken, Anchorage Digital, and Galaxy Digital. (Fortune)
Notable Quotes
CZ: Bitcoin Won't 'Die' for Too Long
CZ posted on X: "Bitcoin won't 'die' for too long. Don't panic."
"New Stock God" Serenity: Several Mid-to-Large Cap AI Companies Still Have Upside
Prominent analyst Serenity stated that, compared to AI concept stocks like ARM and Marvell which have already seen significant gains, they are more focused on companies in the AI industry chain with market capitalizations between $10 billion and $100 billion. They listed several targets including ASE Technology, Sumitomo Electric, Jabil, Vicor, and GlobalFoundries, believing they still have room for growth, and disclosed currently holding only positions in NBIS, TSEM, and AAOI.
Serenity, known as the "White-Haired Stock God," clarified in a post that all content shared is personal research, does not involve paid promotions or external interest exchanges. They stated that any claims of "paid promotions" are false information using their name. They indicated their only revenue comes from X's subscription mechanism, with the goal of helping retail investors through free information aggregation.
Serenity mentioned the A-share stock Zhongji Innolight for the third time, noting it had risen to an all-time high. Following this mention, Zhongji Innolight's stock price briefly rose from 1171 yuan to a high of 1196 yuan, increasing the company's market capitalization by approximately 26 billion yuan.
