24H Hot Tokens & Headlines｜First Round of High-Level Talks Between US and Iran Concludes; Prominent MEV Bot Jaredfromsubway.eth Hacked (June 22)
- Core Viewpoint: This article provides an overview of the day's movements in the cryptocurrency market and developments across various sectors. The central focus is on the preliminary agreement reached in US-Iran negotiations and the fact that Bitcoin miners have entered a capitulation phase, with mining difficulty dropping over 20%.
- Key Elements:
- The US and Iran have concluded their first round of high-level talks in Switzerland, with all parties finalizing a 60-day roadmap. Qatar and Pakistan, acting as mediators, are set to release a joint outcome document.
- Iran's Foreign Ministry stated that a mechanism has been established regarding the safe passage of ships through the Strait of Hormuz, and progress has been made on oil licenses and the unfreezing of Iranian assets.
- Galaxy Research points out that Bitcoin miners have entered a "capitulation phase," with mining difficulty dropping over 20% from its historical peak, marking the largest correction since 2021.
- Japan's National Corporate Business Pension Fund plans to allocate 1% of its total assets to cryptocurrencies in fiscal year 2026, investing in passive funds.
- The well-known MEV bot Jaredfromsubway.eth has been hit by an "anti-MEV honeypot attack," resulting in losses exceeding $7.5 million. The attacker deployed 66 counterfeit token contracts.
- The Taiko chain's state verification mechanism was compromised. Users are advised to immediately withdraw funds from the cross-chain bridge, as its ERC-20 Vault has suffered losses of over $1 million.
- Analysts suggest that Strategy is still a long way from a forced liquidation, and comparing the depegging of STRC to the UST collapse is a clear overinterpretation.
1. Popular CEX Tokens
CEX Top 10 by Trading Volume and 24h Changes:
- BTC: +0.59%
- ETH: +0.4%
- SOL: +1.48%
- RE: -12.6%
- ZEC: -4.62%
- WLD: +7.37%
- TAO: +1%
- XRP: -0.46%
- BNB: +0.87%
- NEAR: -0.41%
24h Gainers List (Data source: OKX):
- TNSR: +48.03%
- HMSTR: +20.25%
- EIGEN: +19.41%
- ID: +16.67%
- RESOLV: +14.8%
- W: +12.71%
- MMT: +11.29%
- CSPR: +10.95%
- 2Z: +10.08%
- DOOD: +7.65%
24h Crypto-Equity Gainers List (Data source: msx.com):
- MUU: 3.31%
- CAN: 2.71%
- HBMX: 2.67%
- BLNK: 2.38%
- SNXX: 2.13%
- NA: 2.03%
- AMRK: 1.88%
- TRON: 1.84%
- ABTC: 1.66%
- MX: 1.52%
2. Trending On-chain Meme Coins (Data source: GMGN):
- Solana: RTM, Harvest Hank;
- BSC: super4, SPACEMOON;
Headlines
US-Iran Talks Continue in Switzerland, US Delegation Expected to Work Overnight
Odaily Planet Daily News: US-Iran talks are still ongoing in Switzerland, with the US delegation expected to work through the night. Citing a senior US diplomat involved in the talks, the report stated that Iranian negotiators remain on site, and US Vice President Vance and other American negotiators have been holding continuous meetings and discussions with the Iranian side. Earlier in the day, the Iranian delegation paused negotiations to protest threatening remarks made by US President Trump against Iran. (Xinhua News Agency)
Odaily Planet Daily News: According to reports from Iran's Tasnim News Agency, a spokesman for Iran's Foreign Ministry stated that a document will be formally submitted as the outcome document of the agreement reached during the 18-hour negotiations.
He also stated that mediators from Qatar and Pakistan will release the relevant text, which will contain the general points of the agreement. (Jin Shi)
Odaily Planet Daily News: Qatar and Pakistan issued a joint statement. The statement indicated that the first round of high-level talks held in Switzerland under the framework of the US-Iran Memorandum of Understanding has concluded. Based on the Memorandum, the parties agreed to establish a high-level committee to provide political oversight for the mediation efforts. Chief negotiators will report regularly to the high-level committee. The high-level committee has reached an agreement on a timeline to conclude a final agreement within 60 days, laying the foundation for immediately initiating further technical talks. Additionally, the parties agreed to establish a conflict elimination coordination group between the relevant parties and the Republic of Lebanon, with assistance from mediators, to ensure the cessation of military operations in Lebanon in accordance with the Memorandum. For the remainder of this week, technical talks will continue addressing all issues at the Bürgenstock Resort in Switzerland. (Jin Shi)
Odaily Planet Daily News: A spokesman for Iran's Foreign Ministry stated that the work of the negotiation delegation has concluded, but technical teams will continue their work. The spokesman said mediators from Qatar and Pakistan will release a text containing general points, which will be formally submitted as the outcome document of the 18-hour negotiations. An agreement has been reached on mechanisms for the safe passage of vessels through the Strait of Hormuz. Preparatory work for launching final agreement negotiations was discussed. Iran and the US discussed issues such as oil sales licenses and the unfreezing of Iranian assets, making good progress. (Jin Shi)
Industry News
Odaily Planet Daily News: Galaxy Research posted on X platform, stating that Bitcoin miners have entered a "capitulation phase."
Galaxy Research noted that Bitcoin mining difficulty has dropped over 20% from its all-time high, marking the largest difficulty retracement since 2021. It believes that such a significant drop in mining difficulty typically indicates some miners are exiting the network due to profitability pressure, suggesting the market is in a phase of hashrate adjustment.
Japan's National Corporate Pension Fund Plans to Allocate 1% to Cryptocurrency in FY2026
Odaily Planet Daily News: The Japan National Corporate Pension Fund, which has approximately 1,200 member SMEs, plans to start investing in cryptocurrency in the fiscal year 2026. It intends to allocate about 1% of its total managed assets to cryptocurrency, investing in a passive fund managed by a large hedge fund containing multiple cryptocurrencies. The plan's asset allocation for FY2025 is 80% JPY, 15% USD, 5% other currencies. For FY2026, the JPY allocation will be reduced to 70%, with a new 10% allocation to developed market currencies. The remaining 5% will comprise emerging market currencies, gold, and cryptocurrencies.
Odaily Planet Daily News: Recently, another debate erupted between two prominent research and investment institutions, Citrini and SemiAnalysis. Citrini researcher Zephyr cited relevant news stating, "Rubin Ultra HBM performance has actually dropped to the 12 Hi level, and they haven't even started using HB technology yet.
In 2027, they won't use 16 Hi chips. Currently, hybrid bonding technology is very expensive for HBM due to extremely low yields.
BESI's biggest near-term advantage is that TSMC uses hybrid bonding technology in its chip manufacturing and packaging processes to integrate EIC and PIC, thereby improving CPO production efficiency." In response, Citrini researcher Jukan posted a related tweet in the comments saying, "I told you so back in April."
Responding to the matter, SemiAnalysis founder Dylan Patel forwarded a Discord screenshot message stating: "In March, clients using SemiAnalysis Memory and Accelerator models were already informed that the Rubin Ultra 16 Hi would be replaced by the 12 Hi version."
Previously, Citrini researcher Jukan cited relevant news stating "Nvidia plans to significantly cut memory configurations for the new generation rack system," causing a collective sharp decline in US and South Korean memory stocks at the time. SemiAnalysis founder Dylan Patel clarified that the news was taken out of context and was too sensationalized.
Prominent MEV Bot Jaredfromsubway.eth Suffers Reverse Attack, Loses Over $7.5 Million
Odaily Planet Daily News: The well-known MEV bot Jaredfromsubway.eth, which has been active on the Ethereum network for a long time, was attacked by hackers exploiting a vulnerability in its automated execution system, losing over $7.5 million.
Security firm Blockaid stated that this incident was not a traditional phishing attack or smart contract vulnerability but a type of "anti-MEV honeypot attack" specifically targeting the decision-making logic of MEV bots. The attacker deployed 66 fake token contracts and bogus liquidity pools over several weeks, disguising them as assets like WETH, USDC, and USDT, luring the bot to execute seemingly profitable trades and authorizing auxiliary contracts controlled by the attacker.
Ultimately, the attacker invoked all backdoor permissions in a single transaction, transferring assets like ETH, USDC, and USDT held by the bot address. Data shows that between November 2024 and October 2025, approximately 60,000 to 90,000 sandwich attacks occurred monthly on the Ethereum network, with roughly 70% linked to Jaredfromsubway.eth. (Cointelegraph)
Project News
Kalshi's Monthly Trading Volume Nears Last Month's Total of Nearly $18 Billion
Odaily Planet Daily News: KalshiData posted on X platform, stating that Kalshi is about to surpass last month's total notional trading volume of nearly $18 billion.
Polymarket Accused of Marketing to US Users Through Simulated Trades and Fake Profit Videos
Odaily Planet Daily News: Prediction market platform Polymarket has been accused of promoting its products on social media via paid creators who produce simulated trading and fake profit videos.
The report claims these creators used simulation sites highly similar to the real Polymarket website to produce trading videos. Some content displayed high profits that did not actually occur, and some videos required submission to Polymarket for review. Polymarket manages its influencer campaigns through the marketing company Virality. Against the backdrop of its services being restricted for US users, these marketing activities are still alleged to be targeting US users.
Furthermore, the Wall Street Journal reported that Polymarket has a multi-million dollar promotional partnership with influencer Adin Ross to drive user participation on the platform. Polymarket has not yet publicly responded to this matter. (Wall Street Journal)
Odaily Planet Daily News: Taiko posted on X platform, stating that its chain state verification mechanism has been confirmed compromised. The security assumptions for all cross-chain bridges deployed on Taiko are no longer reliable.
Taiko stated that it is coordinating with its security committee and ecosystem partners to control the situation, suspending affected systems, and taking technical and legal actions. Taiko strongly advises all users to immediately withdraw funds from cross-chain bridges deployed on Taiko.
Additionally, Taiko has urgently requested centralized exchanges to suspend TAIKO token deposit services until further official notice. Previously, the Taiko ERC20 Vault was attacked, resulting in a loss of over $1 million.
Investments & Financing
Odaily Planet Daily News: 1confirmation partner Nick Tomaino stated in his Q2 2026 letter to LPs that the total cumulative cash distributions across all its funds are approximately $317 million, surpassing the total cumulative capital calls of approximately $286 million.
Regulation & Policy
Odaily Planet Daily News: The Korean national petition to "abolish the tax on virtual assets (cryptocurrency)" has received approval from 58,571 people. According to Korea's National Assembly Act, the petition will be submitted for review at the first meeting of the relevant committee, 30 days after being referred to the committee.
Under Korea's current Income Tax Act, starting January 1, 2027, income from the transfer or lending of virtual assets will be classified as miscellaneous income and subject to income tax. Virtual asset gains exceeding 2.5 million Korean won (approx. $1,800) will be subject to a 22% comprehensive tax rate, which includes 20% miscellaneous income tax and 2% local income tax. (Edaily)
People & Voices
Analyst: Strategy Far From Forced Liquidation; Comparing STRC Depeg to UST Event is Overblown
Odaily Planet Daily News: Crypto analyst Murphy posted stating that Strategy currently does not face a preferred stock solvency crisis. Murphy believes that to break through Strategy's preferred stock layer, Bitcoin's price would need to drop to $26,000; to break through the debt layer, it would need to drop to $8,000.
Murphy noted that the similar product SATA still traded above $99 this week, while STRC depegged, suggesting the current market selling pressure is more targeted at Strategy itself rather than a flaw in the related product design. Murphy believes this is more akin to a repricing of leverage and credit, combined with liquidity contraction triggered by cash reserve depletion and amplified first-time BTC sell signal, rather than a liquidation crisis.
Murphy stated that Strategy is still far from forced liquidation, but its "flywheel model" has temporarily stalled at current price levels. Subsequent Bitcoin price movements will determine whether this is a mid-cycle adjustment or the start of deeper risks. He believes comparing the STRC depeg to last cycle's UST depeg and LUNA collapse is clearly an exaggeration. If Bitcoin prices recover and equity ATM financing resumes, Strategy could restore its cash reserves and restart its capital operation model.
Odaily Planet Daily News: Citrini Research, the firm behind the "AI Doom Report," stated that bond issuance by hyperscalers in 2027-2028 could be more than double current market expectations, primarily to fund AI data center construction.
Citrini Research noted that AI-related debt issuance in 2026 is projected to be close to $570 billion, while hyperscaler capital expenditures have already surpassed $600 billion. Against the backdrop of continued increases in AI infrastructure investment, these companies are gradually shifting from relying on cash reserves to raising more funds through the bond market.
Odaily Planet Daily News: Galaxy's Head of Research posted on X platform, stating that tokenized stocks are receiving widespread attention. Apart from Operate, tokenized stocks basically fall into two categories: issuer-supported types, such as GLXY; and third-party supported types, such as Ondo, xStocks, etc. Coinbase has announced it will launch its own version but hasn't specified how it will work.
